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ENTERPRISE PRODUCTS PARTNERS L.P. (EPD)

Income Statement Business | Product | Customer

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues:  
    Crude Oil Pipelines & Services  65,186.040,887.06,689.044,900.311,042.68,156.86,515.015,467.9
    NGL Pipelines & Services  90,019.072,098.040,187.034,311.142,102.539,746.629,392.520,005.9
    Petrochemical & Refined Products Services  27,410.031,313.012,161.05,861.89,305.85,471.13,721.84,111.9
    Natural Gas Pipelines & Services  7,148.05,050.03,013.03,794.14,176.33,996.43,211.53,405.4
Total revenues  58,186.040,807.027,200.032,789.236,534.229,241.523,022.327,027.9
            Revenue growth   [+]42.6%50.0%-17.0%-10.3%24.9%27.0%-14.8%-43.6%
Cost of goods sold  97,338.064,965.039,094.049,127.658,187.147,044.535,354.443,281.6
Gross profit  -39,152.0-24,158.0-11,894.0-16,338.4-21,652.9-17,803.0-12,332.1-16,253.7
            Gross margin  -67.3%-59.2%-43.7%-49.8%-59.3%-60.9%-53.6%-60.1%
Selling, general and administrative   [+]241.0209.0220.0211.7208.3181.1160.1192.6
Equity in earnings  464.0583.0426.0563.0480.0426.0362.0373.6
Other operating expenses  -46,300.0-30,470.0-17,149.0-22,628.8-27,269.8-21,913.0-16,080.0-19,986.5
EBITDA   [+]    7,200.25,572.95,139.85,056.2
            EBITDA margin  12.2%15.3%19.0%19.1%19.7%19.1%22.3%18.7%
Depreciation      1,621.31,477.11,380.71,341.9
EBITA  7,084.06,254.05,178.06,253.45,578.94,095.83,759.13,714.3
            EBITA margin  12.2%15.3%19.0%19.1%15.3%14.0%16.3%13.7%
Amortization of intangibles  177.0151.0143.0174.7170.3166.9171.3174.1
EBIT   [+]6,907.06,103.05,035.06,078.75,408.63,928.93,587.83,540.2
            EBIT margin  11.9%15.0%18.5%18.5%14.8%13.4%15.6%13.1%
Non-recurring items        7.1 
Interest expense, net   [+]1,233.01,278.01,274.01,231.41,093.1983.3982.6961.8
Other income (expense), net   [+]23.0 1.0-114.6-16.7-64.3-21.7-22.5
Pre-tax income  5,697.04,825.03,762.04,732.74,298.82,881.32,576.42,555.9
Income taxes  82.070.0-124.045.660.325.723.4-2.5
            Tax rate  1.4%1.5% 1.0%1.4%0.9%0.9% 
Minority interest       56.339.937.2
Net income  5,615.04,755.03,886.04,687.14,238.52,799.32,513.12,521.2
            Net margin  9.7%11.7%14.3%14.3%11.6%9.6%10.9%9.3%
   
Basic EPS   [+]$2.58$2.18$1.78$2.14$1.95$1.31$1.21$1.28
Diluted EPS   [+]$2.58$2.18$1.78$2.14$1.95$1.31$1.21$1.28
   
Dividends per share   [+]$1.88$1.80$1.78$1.75$1.71$1.66$1.59$1.50
   
Shares outstanding (basic)   [+]2,178.02,183.02,186.02,188.62,176.52,145.02,081.41,966.6
Shares outstanding (diluted)   [+]2,178.02,183.02,186.02,188.62,176.52,145.02,081.41,966.6
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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