Balance Sheet Enterprise Products Partners L.P.

Equities

EPD

US2937921078

Oil & Gas Transportation Services

Market Closed - Nyse Other stock markets 04:00:02 2025-01-24 pm EST			5-day change	1st Jan Change
33.57 ^USD	-0.30%		0.00%	+7.05%

Jan. 10	Wolfe Research Downgrades Enterprise Products Partners to Peer Perform From Outperform	MT
Jan. 08	Tranche Update on Enterprise Products Partners L.P.'s Equity Buyback Plan announced on January 31, 2019.	CI

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Published financial data: ENTERPRISE PRODUCTS PARTNERS L.P.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	32.79B	27.2B	40.81B	58.19B	49.72B
Total Revenues	32.79B	27.2B	40.81B	58.19B	49.72B
Cost of Goods Sold, Total	27.01B	21.48B	34.86B	51.46B	43B
Gross Profit	5.78B	5.71B	5.95B	6.72B	6.72B
Selling General & Admin Expenses, Total	212M	220M	209M	241M	231M
Other Operating Expenses, Total	212M	220M	209M	241M	231M
Operating Income	5.57B	5.5B	5.74B	6.48B	6.48B
Interest Expense, Total	-1.24B	-1.29B	-1.28B	-1.24B	-1.27B
Interest And Investment Income	11.6M	13.4M	4.7M	11M	27M
Net Interest Expenses	-1.23B	-1.27B	-1.28B	-1.23B	-1.24B
Income (Loss) On Equity Invest.	563M	426M	583M	464M	462M
Other Non Operating Income (Expenses)	-116M	300K	-100K	23M	14M
EBT, Excl. Unusual Items	4.78B	4.65B	5.04B	5.74B	5.72B
Merger & Related Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-	-296M	-	-	-
Asset Writedown	-51.1M	-590M	-218M	-41M	-18M
Insurance Settlements	-	-	-	-	-
Legal Settlements	-	-	-	-	-
Other Unusual Items	1.5M	-	-	-	-
EBT, Incl. Unusual Items	4.73B	3.76B	4.83B	5.7B	5.7B
Income Tax Expense	45.6M	-124M	70M	82M	44M
Earnings From Continuing Operations	4.69B	3.89B	4.76B	5.62B	5.66B
Net Income to Company	4.69B	3.89B	4.76B	5.62B	5.66B
Minority Interest	-95.8M	-110M	-118M	-125M	-125M
Net Income - (IS)	4.59B	3.78B	4.64B	5.49B	5.53B
Preferred Dividend and Other Adjustments	27.7M	32.9M	40.6M	49M	53M
Net Income to Common Incl Extra Items	4.56B	3.74B	4.6B	5.44B	5.48B
Net Income to Common Excl. Extra Items	4.56B	3.74B	4.6B	5.44B	5.48B
Per Share Items
Net EPS - Basic	2.09	1.71	2.11	2.5	2.52
Basic EPS - Continuing Operations	2.09	1.71	2.11	2.5	2.52
Basic Weighted Average Shares Outstanding	2.19B	2.19B	2.18B	2.18B	2.17B
Net EPS - Diluted	2.09	1.71	2.1	2.5	2.52
Diluted EPS - Continuing Operations	2.09	1.71	2.1	2.5	2.52
Diluted Weighted Average Shares Outstanding	2.2B	2.2B	2.2B	2.2B	2.19B
Normalized Basic EPS	1.32	1.28	1.39	1.59	1.59
Normalized Diluted EPS	1.31	1.27	1.38	1.57	1.57
Dividend Per Share	1.76	1.78	1.82	1.9	2
Payout Ratio	83.63	103.06	84.75	74.59	77.75
Supplemental Items
EBITDA	7.52B	7.57B	7.88B	8.73B	8.83B
EBITA	5.75B	5.65B	5.91B	6.68B	6.7B
EBIT	5.57B	5.5B	5.74B	6.48B	6.48B
EBITDAR	7.62B	7.67B	7.99B	8.9B	9.04B
Total Revenues (As Reported)	32.79B	27.2B	40.81B	58.19B	49.72B
Effective Tax Rate - (Ratio)	0.96	-3.3	1.45	1.44	0.77
Current Domestic Taxes	24.4M	22.7M	29.1M	20M	32M
Current Foreign Taxes	1.2M	600K	1.1M	2M	-
Total Current Taxes	25.6M	23.3M	30.2M	22M	32M
Deferred Domestic Taxes	20.1M	-148M	39.8M	60M	12M
Deferred Foreign Taxes	-100K	-	-	-	-
Total Deferred Taxes	20M	-148M	39.8M	60M	12M
Normalized Net Income	2.89B	2.79B	3.03B	3.46B	3.45B
Distributable Cash	6.62B	6.41B	6.61B	7.75B	7.6B
Interest Capitalized	144M	115M	79.6M	90M	106M
Interest on Long-Term Debt	-	-	-	-	-
Supplemental Operating Expense Items
General and Administrative Expenses	212M	220M	209M	241M	231M
Net Rental Expense, Total	107M	102M	108M	168M	210M
Imputed Operating Lease Interest Expense	43.78M	39.36M	39.25M	61.22M	79.91M
Imputed Operating Lease Depreciation	62.82M	62.64M	69.15M	107M	130M
Stock-Based Comp., Other (Total)	144M	159M	152M	157M	172M
Total Stock-Based Compensation	144M	159M	152M	157M	172M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	335M	1.06B	2.82B	76M	180M
Trading Asset Securities, Total	-	-	-	26M	-
Total Cash And Short Term Investments	335M	1.06B	2.82B	102M	180M
Accounts Receivable, Total	4.89B	4.83B	7B	6.98B	7.78B
Total Receivables	4.89B	4.83B	7B	6.98B	7.78B
Inventory	2.09B	3.3B	2.68B	2.55B	3.35B
Prepaid Expenses	341M	392M	384M	388M	446M
Restricted Cash	75.3M	98.2M	145M	130M	140M
Other Current Assets, Total	127M	229M	236M	443M	347M
Total Current Assets	7.86B	9.91B	13.27B	10.6B	12.25B
Gross Property Plant And Equipment	55.54B	57.83B	59.52B	63.57B	66.63B
Accumulated Depreciation	-13.72B	-15.58B	-17.08B	-18.8B	-20.46B
Net Property Plant And Equipment	41.81B	42.24B	42.43B	44.77B	46.17B
Long-term Investments	2.6B	2.44B	2.43B	2.35B	2.33B
Goodwill	5.75B	5.45B	5.45B	5.61B	5.61B
Other Intangibles, Total	3.45B	3.31B	3.15B	3.96B	3.77B
Other Long-Term Assets, Total	262M	753M	795M	819M	858M
Total Assets	61.73B	64.11B	67.53B	68.11B	70.98B
Liabilities
Accounts Payable, Total	1B	705M	632M	743M	1.2B
Accrued Expenses, Total	5.35B	5.85B	8.55B	8.41B	9.37B
Short-term Borrowings	-	-	-	-	481M
Current Portion of Long-Term Debt	1.99B	1.43B	1.4B	1.74B	850M
Current Portion of Leases	40.4M	27.8M	36.3M	60M	75M
Unearned Revenue Current, Total	118M	145M	196M	181M	193M
Other Current Liabilities	631M	825M	814M	1.12B	971M
Total Current Liabilities	9.13B	8.99B	11.62B	12.26B	13.13B
Long-Term Debt	25.65B	28.55B	28.14B	26.55B	27.45B
Long-Term Leases	172M	321M	339M	341M	323M
Unearned Revenue Non Current	197M	198M	250M	320M	326M
Deferred Tax Liability Non Current	100M	465M	518M	600M	611M
Other Non Current Liabilities	657M	157M	172M	280M	335M
Total Liabilities	35.91B	38.68B	41.04B	40.36B	42.17B
Preferred Stock Convertible	-	49.3M	49.3M	49M	49M
Total Preferred Equity	-	49.3M	49.3M	49M	49M
Common Stock, Total	24.69B	25.77B	26.34B	27.56B	28.66B
Treasury Stock	-	-1.3B	-1.3B	-1.3B	-1.3B
Comprehensive Income and Other	71.4M	-165M	286M	365M	307M
Total Common Equity	24.76B	24.3B	25.33B	26.62B	27.67B
Minority Interest	1.06B	1.07B	1.11B	1.08B	1.09B
Total Equity	25.83B	25.43B	26.49B	27.75B	28.81B
Total Liabilities And Equity	61.73B	64.11B	67.53B	68.11B	70.98B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	2.19B	2.18B	2.18B	2.17B	2.17B
ECS Total Common Shares Outstanding	2.19B	2.18B	2.18B	2.17B	2.17B
Book Value / Share	11.31	11.14	11.64	12.26	12.76
Tangible Book Value	15.57B	15.55B	16.73B	17.05B	18.3B
Tangible Book Value Per Share	7.11	7.12	7.69	7.85	8.44
Total Debt	27.85B	30.33B	29.91B	28.7B	29.18B
Net Debt	27.52B	29.27B	27.09B	28.59B	29B
Debt Equivalent Oper. Leases	853M	816M	867M	1.34B	1.68B
Minority Interest, Total (Incl. Fin. Div)	1.06B	1.07B	1.11B	1.08B	1.09B
Equity Method Investments, Total	2.6B	2.43B	2.43B	2.35B	2.33B
Account Code - Inventory Valuation	3	3	-	-	3
Inventories - Finished Goods, Total	2.09B	3.3B	2.68B	2.55B	3.35B
Land - (BS)	372M	372M	379M	387M	411M
Machinery, Total	48.31B	51.11B	52.85B	55.62B	59.21B
Accumulated Allowance for Doubtful Accounts (Supple)	12.4M	46.5M	52.7M	54M	35M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	4.59B	3.78B	4.64B	5.49B	5.53B
Depreciation & Amortization - CF	1.81B	1.96B	2.01B	2.11B	2.2B
Amortization of Goodwill and Intangible Assets - (CF)	183M	151M	169M	195M	212M
Depreciation & Amortization, Total	1.99B	2.11B	2.18B	2.3B	2.42B
(Gain) Loss From Sale Of Asset	-5.7M	-4.4M	5.5M	1M	-10M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Asset Writedown & Restructuring Costs	133M	891M	233M	53M	32M
(Income) Loss On Equity Investments - (CF)	5M	500K	-39.6M	-18M	-16M
Other Operating Activities, Total	262M	-114M	129M	263M	171M
Change In Accounts Receivable	-1.25B	299M	-2.42B	118M	-806M
Change In Inventories	-558M	-1.42B	867M	131M	-714M
Change In Accounts Payable	23.9M	-1.5M	-3.8M	-109M	276M
Change in Other Net Operating Assets	1.32B	355M	2.93B	-194M	689M
Cash from Operations	6.52B	5.89B	8.51B	8.04B	7.57B
Capital Expenditure	-4.53B	-3.29B	-2.22B	-1.96B	-3.27B
Sale of Property, Plant, and Equipment	20.6M	12.8M	64.3M	122M	42M
Cash Acquisitions	-	-	-	-3.2B	-
Divestitures	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-48.3M	172M	44.2M	97M	40M
Other Investing Activities, Total	-16.1M	-17.5M	-19.9M	-5M	-13M
Cash from Investing	-4.58B	-3.12B	-2.13B	-4.95B	-3.2B
Long-Term Debt Issued, Total	58.17B	6.67B	11.16B	96.14B	89.9B
Total Debt Issued	58.17B	6.67B	11.16B	96.14B	89.9B
Long-Term Debt Repaid, Total	-56.72B	-4.41B	-11.49B	-97.4B	-89.45B
Total Debt Repaid	-56.72B	-4.41B	-11.49B	-97.4B	-89.45B
Issuance of Common Stock	82.2M	-	-	-	-
Repurchase of Common Stock	-81.1M	-186M	-214M	-250M	-188M
Issuance of Preferred Stock	-	31.5M	-	-	-
Common Dividends Paid	-3.84B	-3.89B	-3.93B	-4.1B	-4.3B
Common & Preferred Stock Dividends Paid	-3.84B	-3.89B	-3.93B	-4.1B	-4.3B
Other Financing Activities, Total	438M	-242M	-93.7M	-244M	-221M
Cash from Financing	-1.95B	-2.02B	-4.57B	-5.84B	-4.26B
Net Change in Cash	-100K	748M	1.81B	-2.76B	114M
Supplemental Items
Maintenance CAPEX	325M	294M	430M	372M	413M
Cash Interest Paid	1.08B	1.2B	1.23B	1.23B	1.23B
Cash Income Tax Paid (Refund)	23.6M	25.1M	18.1M	-	24M
Levered Free Cash Flow	-72.32M	676M	3.93B	3.96B	2.21B
Unlevered Free Cash Flow	705M	1.48B	4.73B	4.74B	3.01B
Change In Net Working Capital	379M	936M	-1.03B	-190M	368M
Net Debt Issued / Repaid	1.46B	2.27B	-333M	-1.26B	452M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	5.86	5.46	5.45	5.98	5.83
Return on Total Capital	6.68	6.28	6.4	7.18	7.09
Return On Equity %	18.7	15.16	18.32	20.7	20
Return on Common Equity	18.77	15.26	18.52	20.95	20.18
Margin Analysis
Gross Profit Margin %	17.62	21.01	14.57	11.56	13.51
SG&A Margin	0.65	0.81	0.51	0.41	0.46
EBITDA Margin %	22.92	27.82	19.31	15	17.76
EBITA Margin %	17.53	20.76	14.48	11.48	13.47
EBIT Margin %	16.98	20.2	14.06	11.14	13.04
Income From Continuing Operations Margin %	14.29	14.29	11.65	9.65	11.38
Net Income Margin %	14	13.88	11.36	9.44	11.13
Net Avail. For Common Margin %	13.92	13.76	11.27	9.35	11.02
Normalized Net Income Margin	8.82	10.27	7.44	5.95	6.94
Levered Free Cash Flow Margin	-0.22	2.48	9.63	6.81	4.45
Unlevered Free Cash Flow Margin	2.15	5.44	11.59	8.15	6.05
Asset Turnover
Asset Turnover	0.55	0.43	0.62	0.86	0.71
Fixed Assets Turnover	0.81	0.65	0.97	1.34	1.1
Receivables Turnover (Average Receivables)	7.65	5.6	6.9	8.32	6.73
Inventory Turnover (Average Inventory)	14.95	7.96	11.65	19.66	14.56
Short Term Liquidity
Current Ratio	0.86	1.1	1.14	0.86	0.93
Quick Ratio	0.57	0.65	0.84	0.58	0.61
Operating Cash Flow to Current Liabilities	0.71	0.66	0.73	0.66	0.58
Days Sales Outstanding (Average Receivables)	47.7	65.4	52.91	43.86	54.2
Days Outstanding Inventory (Average Inventory)	24.41	45.95	31.33	18.56	25.07
Average Days Payable Outstanding	13.94	13.78	7.12	4.89	8.08
Cash Conversion Cycle (Average Days)	58.17	97.57	77.11	57.54	71.19
Long Term Solvency
Total Debt/Equity	107.83	119.3	112.92	103.41	101.28
Total Debt / Total Capital	51.88	54.4	53.03	50.84	50.32
LT Debt/Equity	99.98	113.55	107.5	96.9	96.4
Long-Term Debt / Total Capital	48.1	51.78	50.49	47.64	47.89
Total Liabilities / Total Assets	58.16	60.34	60.77	59.25	59.42
EBIT / Interest Expense	4.48	4.27	4.47	5.21	5.11
EBITDA / Interest Expense	6.13	5.96	6.22	7.15	7.12
(EBITDA - Capex) / Interest Expense	2.49	3.4	4.49	5.57	4.55
Total Debt / EBITDA	3.65	3.96	3.75	3.23	3.23
Net Debt / EBITDA	3.61	3.82	3.39	3.21	3.21
Total Debt / (EBITDA - Capex)	9.01	6.92	5.19	4.14	5.05
Net Debt / (EBITDA - Capex)	8.9	6.68	4.7	4.12	5.02
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-10.25	-17.05