ENLINK MIDSTREAM, LLC ENLC Income Statement

Enlink midstream, llc (ENLC)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13
Revenues:
Revenue from contracts with customers
1,136,900	1,157,500	1,400,500	1,703,100	1,777,400	2,033,000	2,119,700	1,779,900	1,761,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on derivative activity
19,200	-1,800	7,500	6,900	1,800	25,300	-5,400	-15,200	500	-3,100	-5,500	1,600	2,800	-4,500	-500	-5,700	-400	2,800	5,200	1,200	200	24,000	1,000	-1,600	-1,300	0	0	0	0
Total revenues
1,156,100	1,155,700	1,408,000	1,710,000	1,779,200	2,058,300	2,114,300	1,764,700	1,761,700	1,756,200	1,397,900	1,263,600	1,321,900	1,224,900	1,104,600	1,033,200	889,700	1,066,500	1,170,600	1,274,500	940,500	1,000,200	857,400	927,200	723,000	602,800	578,200	588,000	526,900
Operating costs and expenses:
Cost of sales
755,300	729,500	999,500	1,300,100	1,363,400	1,604,300	1,696,600	1,325,600	1,381,500	1,373,600	1,053,200	932,400	1,002,300	908,700	788,200	732,400	586,200	757,900	861,800	968,200	657,400	696,500	597,200	661,900	538,900	456,700	435,500	448,700	395,400
Operating expenses
100,700	115,500	119,200	117,900	114,500	116,100	114,700	113,400	109,200	109,900	102,100	102,600	104,100	102,200	98,000	100,100	98,200	107,400	105,000	109,100	98,400	83,700	79,800	73,900	46,200	40,200	35,800	39,200	41,000
General and administrative
30,400	30,500	38,500	32,200	51,400	40,500	41,900	30,400	27,500	30,100	31,300	31,100	36,100	27,800	29,300	30,300	35,100	31,100	34,800	28,100	42,900	30,600	24,400	26,600	15,700	12,800	10,800	11,300	10,200
Gain on disposition of assets
600	-1,000	3,000	-100	0	900	0	-1,200	-100	800	-1,100	5,400	-5,100	-16,100	3,000	-300	200	2,000	-3,200	0	0	-	0	-	-	-	-	-	-
Depreciation and amortization
162,800	153,900	157,300	153,700	152,100	147,200	146,700	145,300	138,100	138,200	136,300	142,500	128,300	130,900	126,200	124,900	121,900	99,900	98,400	97,700	91,300	86,000	75,100	75,000	48,200	48,400	48,000	46,200	44,400
Impairments
353,000	947,000	0	0	186,500	341,200	24,600	0	0	8,300	1,800	0	7,000	0	0	0	873,300	764,200	799,200	0	0	-	0	-	-	-	-	-	-
Loss on secured term loan receivable
-	-	0	-52,900	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) Related to Litigation Settlement
-	-	-	-	-	-	-	-	-	0	0	8,500	17,500	0	0	0	0	-	-	-	-	-	6,100	-	-	-	0	-	-
Total operating costs and expenses
1,401,600	1,977,400	1,311,500	1,656,900	1,867,900	2,248,400	2,024,500	1,615,900	1,656,400	1,659,300	1,325,800	1,194,700	1,265,400	1,185,700	1,038,700	988,000	1,714,500	1,758,500	1,902,400	1,203,100	890,000	896,700	770,400	837,400	649,000	558,100	530,100	545,400	491,000
Operating loss
-245,500	-821,700	96,500	53,100	-88,700	-190,100	89,800	148,800	105,300	96,900	72,100	68,900	56,500	39,200	65,900	45,200	-824,800	-692,000	-731,800	71,400	50,500	103,500	87,000	89,800	74,000	44,700	48,100	42,600	35,900
Other income (expense):
Interest expense, net of interest income
-55,600	-55,500	-56,600	-54,300	-49,600	-48,000	-45,200	-44,600	-44,500	-48,200	-49,600	-47,700	-44,900	-50,600	-48,400	-46,500	-44,000	-31,200	-30,400	-22,600	-19,100	-16,700	-13,600	-14,100	-5,400	0	0	0	0
Gain on extinguishment of debt
5,300	-	-	-	0	-	-	-	-	-	0	9,000	-	-	0	0	-	-	-	-	-	-	2,400	800	-	-	0	0	-
Income from unconsolidated affiliates
1,700	-30,800	4,000	4,700	5,300	1,600	4,300	4,400	3,000	4,600	4,400	-100	700	-19,400	1,100	800	-2,400	4,400	6,400	5,900	3,700	4,600	5,600	4,500	4,200	4,600	5,800	3,400	1,000
Other income
-	-	-100	200	-	300	100	-100	300	100	300	200	0	200	100	-100	100	100	100	100	500	200	100	-100	-700	0	0	0	0
Total other expense
-48,600	-85,500	-52,700	-49,400	-44,300	-46,100	-40,800	-40,300	-41,200	-43,500	-44,900	-38,600	-44,200	-69,800	-47,200	-45,800	-46,300	-26,700	-23,900	-16,600	-14,900	-11,900	-5,500	-8,900	-1,900	4,600	5,800	3,400	1,000
Loss before non-controlling interest and income taxes
-294,100	-907,200	43,800	3,700	-133,000	-236,200	49,000	108,500	64,100	53,400	27,200	30,300	12,300	-30,600	18,700	-600	-871,100	-718,700	-755,700	54,800	35,600	91,600	81,500	80,900	72,100	49,300	53,900	46,000	36,900
Income tax benefit (expense)
-33,700	4,200	6,300	-5,400	1,800	900	4,000	6,300	7,000	-206,100	3,100	3,200	3,000	-1,400	7,600	-1,800	200	4,700	200	10,200	10,600	16,900	17,300	18,500	23,700	17,800	19,300	16,500	13,400
Net income (loss) from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	74,700	64,200	62,400	48,400	31,500	34,600	29,500	23,500
Income (loss) from discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	1,000	-8,600	-4,000	3,800	6,500
Income from discontinued operations attributable to non-controlling interest, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-100	300	500	600
Discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	1,000	-8,500	-4,300	3,300	5,900
Net loss
-260,400	-911,400	37,500	9,100	-134,800	-237,100	45,000	102,200	57,100	259,500	24,100	27,100	9,300	-29,200	11,100	1,200	-871,300	-723,400	-755,900	44,600	25,000	74,700	64,200	62,400	49,400	23,000	30,300	32,800	29,400
Net income attributable to non-controlling interest
26,400	27,300	25,700	25,200	41,500	-175,800	37,300	74,200	44,700	56,900	17,900	21,200	11,200	-25,300	10,400	400	-413,700	-528,400	-562,500	28,400	8,000	46,200	37,700	35,700	7,100	0	0	0	0
Net loss attributable to ENLC
-286,800	-938,700	11,800	-16,100	-176,300	-61,300	7,700	28,000	12,400	202,600	6,200	5,900	-1,900	-3,900	700	800	-457,600	-195,000	-193,400	16,200	17,000	28,500	26,500	26,700	42,300	23,000	30,300	32,800	29,400
Predecessor interest in net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	35,500	-92,500	30,300	32,800	29,400
Devon investment interest in net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,100	-1,700	1,700	700	-	-2,300	-2,100	-	-	-	-	-
EnLink Midstream, LLC interest in net income (loss)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-194,400	-193,400	14,500	16,300	26,100	28,800	28,800	6,800	0	0	0	0
Basic common unit (in dollars per share)
-0.59	-1.95	0.02	-0.03	-0.45	-0.33	0.04	0.15	0.07	1.13	0.03	0.03	-0.01	-0.01	0.00	0.01	-2.56	-1.18	-1.18	0.09	0.10	0.15	0.18	0.18	0.04	0.00	0.00	0.00	0.00
Diluted common unit (in dollars per share)
-0.59	-1.95	0.02	-0.03	-0.45	-0.33	0.04	0.15	0.07	1.12	0.03	0.03	-0.01	-0.01	0.00	0.01	-2.56	-1.18	-1.18	0.09	0.10	0.16	0.17	0.18	0.04	0.00	0.00	0.00	0.00
Product sales
Revenue from contracts with customers
892,900	911,600	1,137,200	1,450,400	1,530,900	1,745,800	1,832,200	1,435,100	1,499,200	1,384,500	1,056,700	927,200	990,000	911,100	771,000	738,300	588,500	763,300	863,500	956,200	670,700	659,900	579,100	687,900	232,400	43,300	46,800	47,500	41,800
Product sales—related parties
Revenue from contracts with customers
-	-	0	0	-	0	10,200	27,200	3,600	37,600	35,300	29,300	42,700	35,000	43,100	31,700	24,500	31,200	40,300	31,700	16,200	-24,100	37,800	0	491,900	559,500	531,400	540,500	485,100
Midstream services
Revenue from contracts with customers
244,000	245,900	263,300	252,700	246,500	287,200	241,500	142,400	92,200	156,600	136,400	131,900	127,400	118,700	125,700	108,300	114,500	101,400	111,300	135,900	102,400	-	68,600	67,100	-	-	-	-	-
Midstream services—related parties
Revenue from contracts with customers
-	-	0	0	-	0	35,800	175,200	166,200	180,600	175,000	173,600	159,000	164,600	165,300	160,600	162,600	167,800	150,300	149,500	151,000	-	170,900	173,800	-	-	-	-	-