2019 Q3 Form 10-Q Financial Statement
#000106121919000028 Filed on August 09, 2019
Income Statement
| Concept | 2019 Q3 | 2019 Q2 |
|---|---|---|
| Revenue | $7.964B | $8.276B |
| YoY Change | -16.92% | -2.26% |
| Cost Of Revenue | $5.277B | $6.072B |
| YoY Change | -27.4% | -10.93% |
| Gross Profit | $2.688B | $2.204B |
| YoY Change | 15.94% | 33.58% |
| Gross Profit Margin | 33.75% | 26.63% |
| Selling, General & Admin | $55.50M | $52.50M |
| YoY Change | 4.72% | 2.94% |
| % of Gross Profit | 2.07% | 2.38% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $394.7M | $488.6M |
| YoY Change | -16.24% | 6.61% |
| % of Gross Profit | 14.69% | 22.17% |
| Operating Expenses | $846.3M | $776.3M |
| YoY Change | 7.26% | 0.69% |
| Operating Profit | $1.474B | $1.560B |
| YoY Change | -10.29% | 58.18% |
| Interest Expense | $382.9M | -$179.3M |
| YoY Change | -305.86% | 10.68% |
| % of Operating Profit | 25.97% | -11.49% |
| Other Income/Expense, Net | -$414.0M | $2.600M |
| YoY Change | ||
| Pretax Income | $1.060B | $1.246B |
| YoY Change | -21.23% | 76.52% |
| Income Tax | $15.40M | $9.700M |
| % Of Pretax Income | 1.45% | 0.78% |
| Net Earnings | $1.019B | $1.215B |
| YoY Change | -22.39% | 80.28% |
| Net Earnings / Revenue | 12.8% | 14.68% |
| Basic Earnings Per Share | ||
| Diluted Earnings Per Share | $462.8K | $551.5K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 2.189B | |
| Diluted Shares Outstanding | 2.202B |
Balance Sheet
| Concept | 2019 Q3 | 2019 Q2 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $1.208B | $107.3M |
| YoY Change | 3926.0% | 85.0% |
| Cash & Equivalents | $1.208B | $107.3M |
| Short-Term Investments | ||
| Other Short-Term Assets | $573.8M | $602.8M |
| YoY Change | -47.65% | -32.65% |
| Inventory | $1.645B | $1.586B |
| Prepaid Expenses | ||
| Receivables | $4.488B | $3.963B |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $7.914B | $6.259B |
| YoY Change | 2.96% | -10.63% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $40.98B | $40.09B |
| YoY Change | 8.41% | 8.19% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | $2.661B | $2.652B |
| YoY Change | 2.22% | 2.71% |
| Other Assets | $223.2M | $216.3M |
| YoY Change | -14.48% | -6.77% |
| Total Long-Term Assets | $53.10B | $52.46B |
| YoY Change | 6.06% | 6.4% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $7.914B | $6.259B |
| Total Long-Term Assets | $53.10B | $52.46B |
| Total Assets | $61.02B | $58.72B |
| YoY Change | 5.65% | 4.28% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $1.183B | $1.152B |
| YoY Change | -8.2% | 17.68% |
| Accrued Expenses | $4.475B | $4.046B |
| YoY Change | -16.19% | -20.44% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | -100.0% | -100.0% |
| Long-Term Debt Due | $2.300B | $500.0M |
| YoY Change | 229.51% | -28.47% |
| Total Short-Term Liabilities | $8.670B | $6.264B |
| YoY Change | -20.62% | -33.71% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $25.64B | $26.39B |
| YoY Change | 13.91% | 14.62% |
| Other Long-Term Liabilities | $1.090B | $1.013B |
| YoY Change | 45.88% | 48.49% |
| Total Long-Term Liabilities | $26.73B | $27.40B |
| YoY Change | 14.93% | 15.59% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $8.670B | $6.264B |
| Total Long-Term Liabilities | $26.73B | $27.40B |
| Total Liabilities | $36.52B | $34.28B |
| YoY Change | 5.31% | 1.91% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | ||
| YoY Change | ||
| Common Stock | ||
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $24.50B | $24.44B |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $61.02B | $58.72B |
| YoY Change | 5.65% | 4.28% |
Cashflow Statement
| Concept | 2019 Q3 | 2019 Q2 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $1.019B | $1.215B |
| YoY Change | -22.39% | 80.28% |
| Depreciation, Depletion And Amortization | $394.7M | $488.6M |
| YoY Change | -16.24% | 6.61% |
| Cash From Operating Activities | $1.643B | $2.023B |
| YoY Change | 4.12% | 38.18% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$1.041B | -$1.112B |
| YoY Change | -3.86% | 14.09% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | -$45.00M | -$100.0K |
| YoY Change | 345.54% | -102.44% |
| Cash From Investing Activities | -$1.086B | -$1.112B |
| YoY Change | -0.63% | 14.58% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 544.3M | -911.5M |
| YoY Change | -199.56% | 147.82% |
| NET CHANGE | ||
| Cash From Operating Activities | 1.643B | 2.023B |
| Cash From Investing Activities | -1.086B | -1.112B |
| Cash From Financing Activities | 544.3M | -911.5M |
| Net Change In Cash | 1.101B | -200.0K |
| YoY Change | -1863.62% | -100.16% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $1.643B | $2.023B |
| Capital Expenditures | -$1.041B | -$1.112B |
| Free Cash Flow | $2.684B | $3.135B |
| YoY Change | 0.87% | 28.56% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| dei |
Amendment Flag
AmendmentFlag
|
false | ||
| dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
| dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2019 | ||
| dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q2 | ||
| dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001061219 | ||
| dei |
Document Type
DocumentType
|
10-Q | ||
| dei |
Document Quarterly Report
DocumentQuarterlyReport
|
true | ||
| dei |
Document Period End Date
DocumentPeriodEndDate
|
2019-06-30 | ||
| dei |
Document Transition Report
DocumentTransitionReport
|
false | ||
| dei |
Entity File Number
EntityFileNumber
|
001-14323 | ||
| dei |
Entity Registrant Name
EntityRegistrantName
|
ENTERPRISE PRODUCTS PARTNERS L.P. | ||
| dei |
Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
DE | ||
| dei |
Entity Tax Identification Number
EntityTaxIdentificationNumber
|
76-0568219 | ||
| dei |
Entity Address Address Line1
EntityAddressAddressLine1
|
1100 Louisiana 10th Floor | ||
| dei |
Entity Address City Or Town
EntityAddressCityOrTown
|
Houston | ||
| dei |
Entity Address State Or Province
EntityAddressStateOrProvince
|
TX | ||
| dei |
Entity Address Postal Zip Code
EntityAddressPostalZipCode
|
77002 | ||
| dei |
City Area Code
CityAreaCode
|
713 | ||
| dei |
Local Phone Number
LocalPhoneNumber
|
381-6500 | ||
| dei |
Security12b Title
Security12bTitle
|
Common Units | ||
| dei |
Trading Symbol
TradingSymbol
|
EPD | ||
| dei |
Security Exchange Name
SecurityExchangeName
|
NYSE | ||
| dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | ||
| dei |
Entity Interactive Data Current
EntityInteractiveDataCurrent
|
Yes | ||
| dei |
Entity Filer Category
EntityFilerCategory
|
Large Accelerated Filer | ||
| dei |
Entity Small Business
EntitySmallBusiness
|
false | ||
| dei |
Entity Emerging Growth Company
EntityEmergingGrowthCompany
|
false | ||
| dei |
Entity Shell Company
EntityShellCompany
|
false | ||
| CY2019Q3 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
2189005978 | |
| CY2019Q2 | us-gaap |
Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted
NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
|
0.55 | |
| CY2018Q2 | us-gaap |
Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted
NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
|
0.31 | |
| us-gaap |
Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted
NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
|
1.12 | ||
| us-gaap |
Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted
NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
|
0.72 | ||
| CY2018Q2 | us-gaap |
Partners Capital Account Acquisitions
PartnersCapitalAccountAcquisitions
|
30000000.0 | |
| CY2019Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
40089100000 | |
| us-gaap |
Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
|
300000 | ||
| CY2019Q2 | us-gaap |
Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
|
497900000 | |
| CY2018Q2 | us-gaap |
Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
|
461300000 | |
| us-gaap |
Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
|
1014400000 | ||
| us-gaap |
Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
|
857300000 | ||
| CY2019Q2 | us-gaap |
Equity Method Investment Summarized Financial Information Gross Profit Loss
EquityMethodInvestmentSummarizedFinancialInformationGrossProfitLoss
|
299300000 | |
| CY2018Q2 | us-gaap |
Equity Method Investment Summarized Financial Information Gross Profit Loss
EquityMethodInvestmentSummarizedFinancialInformationGrossProfitLoss
|
288100000 | |
| us-gaap |
Equity Method Investment Summarized Financial Information Gross Profit Loss
EquityMethodInvestmentSummarizedFinancialInformationGrossProfitLoss
|
637800000 | ||
| us-gaap |
Equity Method Investment Summarized Financial Information Gross Profit Loss
EquityMethodInvestmentSummarizedFinancialInformationGrossProfitLoss
|
531800000 | ||
| CY2019Q2 | us-gaap |
Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
|
298800000 | |
| CY2018Q2 | us-gaap |
Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
|
286400000 | |
| us-gaap |
Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
|
636400000 | ||
| us-gaap |
Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
|
528700000 | ||
| CY2019Q2 | epd |
Quarterly Percentage Increase In Distribution Per Unit
QuarterlyPercentageIncreaseInDistributionPerUnit
|
0.023 | |
| CY2019Q1 | epd |
Partners Captial Account Units Sold In Discount Program
PartnersCaptialAccountUnitsSoldInDiscountProgram
|
1516779 | |
| CY2019Q1 | us-gaap |
Partners Capital Account Units Unitbased Compensation
PartnersCapitalAccountUnitsUnitbasedCompensation
|
1626041 | |
| CY2019Q2 | us-gaap |
Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
|
1056736 | |
| CY2019Q2 | epd |
Partners Captial Account Units Sold In Discount Program
PartnersCaptialAccountUnitsSoldInDiscountProgram
|
1381211 | |
| CY2019Q2 | us-gaap |
Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
|
2000000000.0 | |
| us-gaap |
Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
|
2909128 | ||
| us-gaap |
Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
|
81100000 | ||
| CY2019Q2 | us-gaap |
Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
|
1920000000 | |
| CY2018 | epd |
Distribution Reinvestment Plan Discount Rate
DistributionReinvestmentPlanDiscountRate
|
0.025 | |
| epd |
Distribution Reinvestment Plan Discount Rate
DistributionReinvestmentPlanDiscountRate
|
0 | ||
| CY2018Q2 | us-gaap |
Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
|
-322100000 | |
| us-gaap |
Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
|
83800000 | ||
| CY2019Q2 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
0 | |
| CY2018Q2 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
0 | |
| us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
0 | ||
| us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
-100000 | ||
| CY2019Q2 | us-gaap |
Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
|
-12500000 | |
| us-gaap |
Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
|
-459000000.0 | ||
| CY2019 | epd |
Quarterly Increase In Cash Distribution Per Unit
QuarterlyIncreaseInCashDistributionPerUnit
|
0.0025 | |
| CY2019 | epd |
Forecasted Rate Of Annual Increase Of Distributions Per Unit
ForecastedRateOfAnnualIncreaseOfDistributionsPerUnit
|
0.023 | |
| epd |
Gain On The Sale Of Swaption
GainOnTheSaleOfSwaption
|
9800000 | ||
| CY2019Q2 | us-gaap |
Lease Cost
LeaseCost
|
25900000 | |
| us-gaap |
Lease Cost
LeaseCost
|
52900000 | ||
| CY2019Q2 | epd |
Number Of Units Held By Limited Partner In Millions Of Units
NumberOfUnitsHeldByLimitedPartnerInMillionsOfUnits
|
54807352 | |
| CY2019Q2 | epd |
Expense Of Liquidity Option Agreement
ExpenseOfLiquidityOptionAgreement
|
26600000 | |
| epd |
Expense Of Liquidity Option Agreement
ExpenseOfLiquidityOptionAgreement
|
84400000 | ||
| epd |
Long Term Operating Lease Expense
LongTermOperatingLeaseExpense
|
29400000 | ||
| CY2019Q2 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
11700000 | |
| us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
23500000 | ||
| CY2019Q2 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
13100000 | |
| us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
26500000 | ||
| CY2019Q2 | us-gaap |
Variable Lease Cost
VariableLeaseCost
|
1100000 | |
| us-gaap |
Variable Lease Cost
VariableLeaseCost
|
2900000 | ||
| CY2019Q2 | epd |
Long Term Operating Lease Expense
LongTermOperatingLeaseExpense
|
14200000 | |
| CY2019Q2 | us-gaap |
Lease Cost
LeaseCost
|
25900000 | |
| CY2018Q2 | us-gaap |
Lease Cost
LeaseCost
|
25800000 | |
| us-gaap |
Lease Cost
LeaseCost
|
52900000 | ||
| us-gaap |
Lease Cost
LeaseCost
|
51400000 | ||
| CY2019Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
314400000 | |
| CY2019Q2 | us-gaap |
Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount
|
13000000000.0 | |
| CY2018Q4 | us-gaap |
Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount
|
10800000000 | |
| epd |
Percentage Of Capital Stock Agreed To Purchase Under Liquidity Option Agreement
PercentageOfCapitalStockAgreedToPurchaseUnderLiquidityOptionAgreement
|
1 | ||
| epd |
Liquidity Option Exercise Period
LiquidityOptionExercisePeriod
|
P90D | ||
| CY2019Q2 | us-gaap |
Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
|
84600000 | |
| CY2018Q4 | epd |
Cash And Cash Equivalents And Restricted Cash
CashAndCashEquivalentsAndRestrictedCash
|
410100000 | |
| CY2019Q2 | epd |
Cash And Cash Equivalents And Restricted Cash
CashAndCashEquivalentsAndRestrictedCash
|
107300000 | |
| CY2018Q4 | us-gaap |
Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
|
80400000 | |
| us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
149700000 | ||
| us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
0 | ||
| us-gaap |
Proceeds From Issuance Of Common Limited Partners Units
ProceedsFromIssuanceOfCommonLimitedPartnersUnits
|
82200000 | ||
| CY2018Q2 | epd |
Expense Of Liquidity Option Agreement
ExpenseOfLiquidityOptionAgreement
|
8900000 | |
| epd |
Expense Of Liquidity Option Agreement
ExpenseOfLiquidityOptionAgreement
|
16400000 |
