ENLINK MIDSTREAM, LLC ENLC Income Statement

Enlink midstream, llc (ENLC)

Income statement / TTM

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
5,398	6,038	6,914	7,633	7,710	7,693	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on derivative activity
31	14	41	28	6	5	-23	-23	-6	-4	-5	-0	-7	-11	-3	1	8	9	30	26	23	22	-1	-2	-1	0	0	0	0
Total revenues
5,429	6,052	6,955	7,661	7,716	7,699	7,396	6,680	6,179	5,739	5,208	4,915	4,684	4,252	4,094	4,160	4,401	4,452	4,385	4,072	3,725	3,507	3,110	2,831	2,492	2,295	0	0	0
Operating costs and expenses:
Cost of sales
3,784	4,392	5,267	5,964	5,989	6,008	5,777	5,133	4,740	4,361	3,896	3,631	3,431	3,015	2,864	2,938	3,174	3,245	3,183	2,919	2,613	2,494	2,254	2,093	1,879	1,736	0	0	0
Operating expenses
453	467	467	463	458	453	447	434	423	418	411	406	404	398	403	410	419	419	396	371	335	283	240	196	161	156	0	0	0
General and administrative
131	152	162	166	164	140	129	119	120	128	126	124	123	122	125	131	129	136	136	126	124	97	79	65	50	45	0	0	0
Gain on disposition of assets
2	1	3	0	-0	-0	-0	-1	5	0	-16	-12	-18	-13	4	-1	-1	-1	-3	0	0	-	0	-	-	-	-	-	-
Depreciation and amortization
627	617	610	599	591	577	568	557	555	545	538	527	510	503	472	445	417	387	373	350	327	284	246	219	190	187	0	0	0
Impairments
1,300	1,133	527	552	552	365	32	10	10	17	8	7	7	873	1,637	2,436	2,436	1,563	0	0	0	-	0	-	-	-	-	-	-
Loss on secured term loan receivable
-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) Related to Litigation Settlement
-	-	-	-	-	-	-	-	-	26	26	26	17	0	0	0	0	-	-	-	-	-	0	-	-	-	0	-	-
Total operating costs and expenses
6,347	6,813	7,084	7,797	7,756	7,545	6,956	6,257	5,836	5,445	4,971	4,684	4,477	4,926	5,499	6,363	6,578	5,754	4,892	3,760	3,394	3,153	2,814	2,574	2,282	2,124	0	0	0
Operating loss
-917	-760	-129	-135	-40	153	440	423	343	294	236	230	206	-674	-1,405	-2,203	-2,177	-1,301	-506	312	330	354	295	256	209	171	0	0	0
Other income (expense):
Interest expense, net of interest income
-222	-216	-208	-197	-187	-182	-182	-186	-190	-190	-192	-191	-190	-189	-170	-152	-128	-103	-88	-72	-63	-49	-33	-19	-5	0	0	0	0
Gain on extinguishment of debt
0	-	-	-	0	-	-	-	-	-	0	0	-	-	0	0	-	-	-	-	-	-	0	0	-	-	0	0	-
Income from unconsolidated affiliates
-20	-16	15	15	15	13	16	16	11	9	-14	-17	-16	-19	3	9	14	20	20	19	18	18	18	19	18	14	0	0	0
Other income
-	-	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-0	-0	-0	-0	0	0	0	0
Total other expense
-236	-231	-192	-180	-171	-168	-165	-169	-168	-171	-197	-199	-207	-209	-166	-142	-113	-82	-67	-48	-41	-28	-11	-0	11	14	0	0	0
Loss before non-controlling interest and income taxes
-1,153	-992	-321	-316	-211	-14	275	253	175	123	39	30	-0	-883	-1,571	-2,346	-2,290	-1,384	-573	263	289	326	283	256	221	186	0	0	0
Income tax benefit (expense)
-28	6	3	1	13	18	-188	-189	-192	-196	7	12	7	4	10	3	15	25	37	55	63	76	77	79	77	67	0	0	0
Net income (loss) from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	249	206	176	144	119	0	0	0
Income (loss) from discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	-7	-11	-7	-2	0	0	0
Income from discontinued operations attributable to non-controlling interest, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	0	0	0
Discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-7	-11	-8	-3	0	0	0
Net loss
-1,125	-999	-325	-317	-224	-32	463	442	367	320	31	18	-7	-888	-1,582	-2,349	-2,306	-1,409	-611	208	226	250	199	165	135	115	0	0	0
Net income attributable to non-controlling interest
104	119	-83	-71	-22	-19	213	193	140	107	25	17	-3	-428	-931	-1,504	-1,476	-1,054	-479	120	127	126	80	42	7	0	0	0	0
Net loss attributable to ENLC
-1,229	-1,119	-241	-246	-201	-13	250	249	227	212	6	0	-4	-460	-651	-845	-829	-355	-131	88	98	124	118	122	128	115	0	0	0
Predecessor interest in net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	35	-57	-26	6	0	0	0	0
Devon investment interest in net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	-1	-2	0	-	0	0	-	-	-	-	-
EnLink Midstream, LLC interest in net income (loss)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-357	-136	85	100	90	64	35	6	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
4,392	5,030	5,864	6,559	6,544	6,512	6,151	5,375	4,867	4,358	3,885	3,599	3,410	3,008	2,861	2,953	3,171	3,253	3,150	2,865	2,597	2,159	1,542	1,010	370	179	0	0	0
Product sales—related parties
Revenue from contracts with customers
-	-	0	10	-	41	78	103	105	144	142	150	152	134	130	127	127	119	64	61	29	505	1,089	1,582	2,123	2,116	0	0	0
Midstream services
Revenue from contracts with customers
1,005	1,008	1,049	1,027	917	763	632	527	517	552	514	503	480	467	449	435	463	451	418	374	0	-	0	0	-	-	-	-	-
Midstream services—related parties
Revenue from contracts with customers
-	-	0	35	-	377	557	697	695	688	672	662	649	653	656	641	630	618	621	645	0	-	0	0	-	-	-	-	-