← Energy Transfer LP

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income From Continuing Operations — — — — — — $5.9b $5.3b $6.6b $5.7b
Net Income (Loss) Attributable to Parent $995.0m $954.0m $1.7b $3.6b ($648.0m) $5.5b $4.8b $3.9b $4.8b $4.4b
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent $520.0m $2.5b $3.6b $4.9b $140.0m — — — — —
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $520.0m $2.5b — — — — — — — —
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent — ($6.0m) ($10.0m) — — — — — — —
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest ($479.0m) ($177.0m) ($265.0m) $0 $0 — — — — —
Net Income (Loss) Attributable to Noncontrolling Interest ($954.0m) $1.4b $1.6b $1.3b $739.0m $1.2b $1.1b $1.3b $1.7b —
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $41.0m $2.4b $3.4b $4.9b $140.0m $6.7b $5.9b $5.3b $6.6b $5.7b
Amortization of Debt Issuance Costs $3.0m $24.0m — ($117.0m) ($59.0m) ($14.0m) ($27.0m) ($45.0m) — ($119.0m)
Amortization of Intangible Assets — — — — — $352.0m $390.0m $399.0m $464.0m $479.0m
Depreciation $1.9b $2.2b $2.5b $2.8b $3.3b $3.5b $3.8b $4.0b $4.7b $5.2b
Depreciation Amortization Depletion — — — — — — $4.2b $4.4b $5.2b $5.7b
Depreciation and amortization $2.2b $2.6b $2.9b $3.1b $3.7b $3.8b $4.2b $4.4b $5.2b $5.7b
Deferred Income Tax — — — — — — $187.0m $203.0m $276.0m $178.0m
Deferred Income Tax Expense (Benefit) ($225.0m) ($1.9b) ($7.0m) $217.0m $210.0m $141.0m $187.0m $203.0m $276.0m $178.0m
Deferred Tax — — — — — — $187.0m $203.0m $276.0m $178.0m
Asset Impairment Charge — — — — — — $386.0m $12.0m $52.0m $285.0m
Equity Method Investment, Other than Temporary Impairment $308.0m $313.0m $0 $0 $129.0m $0 $0 $353.0m $356.0m $382.0m
Goodwill, Impairment Loss $826.0m $895.0m ($378.0m) $21.0m $2.8b — — — — —
Impairment losses and other $1.5b $1.0b $431.0m $74.0m $2.9b $21.0m $386.0m $12.0m $52.0m $285.0m
Impairment of Intangible Assets, Finite-lived $32.0m — — — — — — — — —
Share-based Payment Arrangement, Noncash Expense $70.0m $99.0m $105.0m $113.0m $121.0m $111.0m $115.0m $130.0m $151.0m $148.0m
(Gains) losses on extinguishments of debt $0 $89.0m $112.0m $18.0m $75.0m $38.0m $0 ($2.0m) $12.0m $34.0m
Earnings (Loss)es From Equity Investments — — — — — — ($257.0m) ($383.0m) ($379.0m) ($419.0m)
Equity Method Investment, Realized Gain (Loss) on Disposal $0 $297.0m $328.0m $290.0m $220.0m $212.0m $232.0m $353.0m $356.0m $382.0m
Gain (Loss) on Disposition of Assets — — — — — — $0 $0 $586.0m $0
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property ($2.0m) $0 — — — — $0 $0 ($586.0m) $0
Gain (Loss) on Extinguishment of Debt $0 ($89.0m) ($112.0m) ($18.0m) ($75.0m) ($38.0m) $0 $2.0m ($12.0m) ($34.0m)
Income (Loss) from Equity Method Investments $270.0m $144.0m $344.0m $302.0m $119.0m $246.0m $257.0m $383.0m $379.0m $419.0m
Income Tax Expense (Benefit) ($248.0m) ($1.8b) $4.0m $195.0m $237.0m $184.0m $204.0m $303.0m $541.0m $350.0m
Other Nonoperating Income (Expense) $132.0m $214.0m $62.0m $105.0m $12.0m $77.0m $90.0m $86.0m $134.0m $120.0m
Proceeds from Equity Method Investment, Distribution $268.0m $297.0m $328.0m $290.0m $220.0m $212.0m $232.0m $353.0m $356.0m $382.0m
Changes in operating assets and liabilities:
Additional Financial Items
Beginning Cash Position — — — — — — $336.0m $257.0m $161.0m $312.0m
Cash Acquired from Acquisition $0 $0 $461.0m $0 $0 $51.0m $0 $0 $27.0m $0
Cash Flow From Continuing Financing Activities — — — — — — ($5.1b) ($5.3b) ($5.5b) ($816.0m)
Cash Flow From Continuing Investing Activities — — — — — — ($4.0b) ($4.3b) ($5.9b) ($8.4b)
Cash paid for acquisitions, net of cash received ($1.6b) ($303.0m) ($429.0m) ($7.0m) $0 ($256.0m) ($1.1b) ($111.0m) ($250.0m) ($2.3b)
Change In Account Payable — — — — — — $31.0m ($539.0m) $1.3b ($346.0m)
Change In Accrued Expense — — — — — — $131.0m $209.0m $166.0m ($96.0m)
Change In Inventory — — — — — — ($361.0m) $35.0m ($735.0m) ($717.0m)
Change In Other Current Assets — — — — — — ($180.0m) $96.0m ($84.0m) ($200.0m)
Change In Other Current Liabilities — — — — — — $66.0m ($33.0m) ($123.0m) ($523.0m)
Change In Other Working Capital — — — — — — ($349.0m) ($43.0m) $60.0m ($48.0m)
Change In Payable — — — — — — $31.0m ($539.0m) $1.3b ($346.0m)
Change In Payables And Accrued Expense — — — — — — $162.0m ($330.0m) $1.4b ($442.0m)
Change In Receivables — — — — — — ($840.0m) ($176.0m) ($760.0m) ($46.0m)
Change In Working Capital — — — — — — ($1.5b) ($451.0m) ($196.0m) ($2.0b)
Changes In Account Receivables — — — — — — ($840.0m) ($176.0m) ($760.0m) ($46.0m)
Changes In Cash — — — — — — ($79.0m) ($96.0m) $151.0m $960.0m
Contributions in aid of construction costs $71.0m $31.0m $109.0m $80.0m $67.0m $43.0m $56.0m $40.0m $73.0m $100.0m
Contributions to unconsolidated affiliates ($68.0m) ($268.0m) ($26.0m) ($523.0m) ($38.0m) ($4.0m) $0 ($6.0m) ($206.0m) ($10.0m)
Deconsolidation, Gain (Loss), Amount — — — — — — ($85.0m) ($85.0m) ($85.0m) —
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal $0 — — — — — — — — —
Distributions from unconsolidated affiliates in excess of cumulative earnings $135.0m $135.0m $69.0m $98.0m $187.0m $167.0m $62.0m $63.0m $75.0m $61.0m
Distributions on unvested awards — — $38.0m $38.0m $41.0m $47.0m $73.0m $68.0m $59.0m $52.0m
Distributions to partners ($1.0b) ($1.0b) ($1.7b) ($3.1b) ($2.8b) ($1.9b) ($3.0b) ($4.2b) ($4.6b) ($4.7b)
End Cash Position — — — — — — $257.0m $161.0m $312.0m $1.3b
Financing Cash Flow — — — — — — ($5.1b) ($5.3b) ($5.5b) ($816.0m)
Free Cash Flow — — — — — — $5.7b $6.4b $7.3b $3.8b
Gain (Loss) Related to Litigation Settlement — — — — — — — ($627.0m) $0 $0
Gain Loss On Investment Securities — — — — — — ($73.0m) ($68.0m) ($59.0m) ($52.0m)
Gain Loss On Sale Of Business — — — — — — $0 $0 ($586.0m) $0
Goodwill $5.2b $4.8b $4.9b $5.2b $2.4b $2.5b $2.6b $4.0b $3.9b $5.5b
Increase (Decrease) in Accounts Payable $1.2b $712.0m ($766.0m) $146.0m ($1.3b) $3.8b $25.0m ($501.0m) $1.3b ($322.0m)
Increase (Decrease) in Accounts Receivable $1.1b $948.0m ($541.0m) $473.0m ($1.2b) $3.4b $863.0m $171.0m $775.0m $77.0m
Increase (Decrease) in Inventories $345.0m ($58.0m) ($282.0m) $117.0m $271.0m $19.0m $361.0m ($35.0m) $735.0m $717.0m
Inventory Write-down $273.0m — — — $82.0m $190.0m $5.0m $114.0m $86.0m $156.0m
Inventory valuation adjustments ($273.0m) ($24.0m) $85.0m ($79.0m) $82.0m ($190.0m) ($5.0m) $114.0m $86.0m $156.0m
Investing Cash Flow — — — — — — ($4.0b) ($4.3b) ($5.9b) ($8.4b)
Issuance Of Capital Stock — — — — — — $0 $0 $0 $1.5b
Net Business Purchase And Sale — — — — — — ($839.0m) ($1.3b) ($2.8b) ($2.3b)
Net Preferred Stock Issuance — — — — — — $0 $0 ($3.5b) $973.0m
Non-cash compensation expense $70.0m $99.0m $105.0m $113.0m $121.0m $111.0m $115.0m $130.0m $151.0m $148.0m
Operating Costs and Expenses $1.7b $2.6b $3.1b $3.3b $3.2b $3.6b $4.3b $4.4b $5.2b $5.9b
Operating Gains Losses — — — — — — ($330.0m) ($453.0m) ($1.0b) ($437.0m)
Other Non Cash Items — — — — — — ($69.0m) $82.0m $149.0m $179.0m
Other Noncash Income (Expense) ($239.0m) ($298.0m) $56.0m ($182.0m) $61.0m ($103.0m) $64.0m $32.0m ($63.0m) ($23.0m)
Other, net ($3.0m) $6.0m ($166.0m) ($14.0m) $65.0m ($3.0m) $0 $0 $12.0m $10.0m
Payments for Repurchase of Preferred Stock and Preference Stock $0 — — — — — $0 $0 ($2.7b) ($500.0m)
Preferred Stock Issuance — — — — — — — $0 $0 $1.5b
Preferred Stock Payments — — — — — — $0 $0 ($3.5b) ($500.0m)
Preferred units issued for cash — — — $0 $0 $889.0m $0 $0 $0 $1.5b
Proceeds from Contributions from Affiliates — — — — — — $405.0m $3.0m $638.0m $27.0m
Proceeds from borrowings $25.8b $31.6b $29.0b $22.6b $24.4b $21.3b $28.8b $32.1b $34.1b $32.9b
Proceeds from sales of other assets $43.0m $48.0m $87.0m $54.0m $19.0m $45.0m $78.0m $38.0m $1.0b $30.0m
Purchase Of Business — — — — — — ($1.1b) ($1.3b) ($2.9b) ($2.3b)
Repurchase Of Capital Stock — — — — — — $0 $0 ($3.5b) ($500.0m)
Sale Of Business — — — — — — $302.0m $0 $27.0m $0
Stock Based Compensation — — — — — — $115.0m $130.0m $151.0m $148.0m
Unrealized Gain (Loss) on Derivatives ($136.0m) $59.0m ($11.0m) ($5.0m) ($71.0m) $162.0m ($42.0m) ($3.0m) $56.0m $130.0m
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement $0 $0 $0 $0 $0 $0 $0 — — $0
Derivative, Gain (Loss) on Derivative, Net ($220.0m) $0 ($23.0m) ($301.0m) ($229.0m) ($86.0m) $417.0m $83.0m $63.0m $241.0m
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax $0 — — — — — — — — —
Other Operating Income (Expense), Net — — — — — — — — $953.0m $817.0m
Net Cash Provided by (Used in) Operating Activities $3.3b $4.4b $7.5b ($159.0m) ($117.0m) $11.2b $9.1b $9.6b $11.5b $10.1b
Cash flows from investing activities:
Capital Expenditure — — — — — — ($3.4b) ($3.1b) ($4.2b) ($6.3b)
Capital Expenditure Reported $7.7b $8.4b $7.4b $6.0b $5.1b $2.8b ($3.4b) ($3.1b) ($4.2b) ($6.3b)
Capital expenditures, excluding allowance for equity funds used during construction ($8.1b) ($8.4b) ($7.4b) ($6.0b) ($5.1b) ($2.8b) ($3.4b) ($3.1b) ($4.2b) ($6.3b)
Payments to Acquire Businesses, Net of Cash Acquired $1.4b $303.0m $429.0m $7.0m $0 $256.0m $1.1b $111.0m $250.0m —
Net Investment Purchase And Sale — — — — — — $0 $0 ($84.0m) $0
Purchase Of Investment — — — — — — $0 $0 ($84.0m) $0
Net change in operating assets and liabilities, net of effects of acquisitions and divestitures ($61.0m) ($192.0m) $289.0m ($518.0m) $47.0m $515.0m ($1.5b) ($451.0m) ($196.0m) ($2.0b)
Net Other Investing Changes — — — — — — $136.0m $81.0m $1.1b $140.0m
Payments for (Proceeds from) Other Investing Activities $0 $3.0m ($61.0m) ($18.0m) $3.0m ($1.0m) ($2.0m) ($3.0m) ($12.0m) ($10.0m)
Net Cash Provided by (Used in) Investing Activities ($8.9b) ($5.6b) ($7.1b) ($6.9b) ($4.9b) ($2.8b) ($4.0b) ($4.3b) ($5.9b) ($8.4b)
Cash flows from financing activities:
Debt issuance costs ($52.0m) ($131.0m) ($171.0m) ($117.0m) ($59.0m) ($14.0m) ($27.0m) ($45.0m) ($147.0m) ($119.0m)
Issuance Of Debt — — — — — — $28.8b $32.1b $34.1b $32.9b
Long Term Debt Issuance — — — — — — $28.8b $32.1b $34.1b $32.9b
Net Issuance Payments Of Debt — — — — — — ($843.0m) $714.0m $4.7b $4.8b
Net Long Term Debt Issuance — — — — — — ($843.0m) $714.0m $4.7b $4.8b
Proceeds from Issuance of Long-term Debt $25.8b $31.6b $29.0b $22.6b $24.4b $21.3b $28.8b $32.1b $34.1b $32.9b
Long Term Debt Payments — — — — — — ($29.7b) ($31.4b) ($29.4b) ($28.1b)
Repayment Of Debt — — — — — — ($29.7b) ($31.4b) ($29.4b) ($28.1b)
Repayments of Long-term Debt $19.1b $31.3b $28.9b $20.1b $24.1b $27.3b $29.7b $31.4b $29.4b —
Repayments of Senior Debt — — — — — — $0 $0 ($749.0m) $0
Repayments of debt — — — ($20.1b) ($24.1b) ($27.3b) ($29.7b) ($31.4b) ($29.4b) ($28.1b)
Common Stock Issuance — — — — — $889.0m $0 $0 — —
Net Common Stock Issuance — — — — — $858.0m $0 $0 — —
Common Stock Payments — — — — — ($31.0m) $0 $0 — —
Payments for Repurchase of Common Stock $0 $0 $24.0m $25.0m $0 $31.0m $0 $0 — —
Capital contributions from noncontrolling interests $236.0m $1.2b $649.0m $348.0m $222.0m $226.0m $405.0m $3.0m $2.0m $0
Distributions to noncontrolling interests ($2.8b) ($3.0b) ($3.1b) ($1.6b) ($1.7b) ($1.5b) ($1.5b) ($1.7b) ($1.8b) ($1.7b)
Distributions to redeemable noncontrolling interests — $0 $24.0m $0 $49.0m $49.0m $49.0m $59.0m $67.0m $56.0m
Proceeds from (Payments to) Noncontrolling Interests $236.0m $1.2b $649.0m $348.0m $222.0m $226.0m $405.0m $3.0m $2.0m $0
Cash Dividends Paid — — — — — — ($3.0b) ($4.2b) ($4.6b) ($4.7b)
Common Stock Dividend Paid — — — — — — ($3.0b) ($4.2b) ($4.6b) ($4.7b)
Dividend Received CFO — — — — — — $232.0m $353.0m $356.0m $382.0m
Dividends Received CFI — — — — — — $62.0m $63.0m $75.0m $61.0m
Net Other Financing Charges — — — — — — ($1.2b) ($1.8b) ($2.1b) ($1.9b)
Proceeds from (Payments for) Other Financing Activities ($3.0m) $6.0m ($166.0m) ($14.0m) $65.0m ($3.0m) $0 $0 — —
Net Cash Provided by (Used in) Financing Activities $5.9b $953.0m ($3.1b) ($1.2b) ($2.4b) ($8.4b) ($5.1b) ($5.3b) ($5.5b) ($816.0m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect ($123.0m) ($131.0m) $83.0m ($128.0m) $76.0m ($31.0m) ($79.0m) ($96.0m) $151.0m $960.0m
Increase (decrease) in cash and cash equivalents ($123.0m) ($131.0m) $83.0m ($128.0m) $76.0m ($31.0m) ($79.0m) ($96.0m) $151.0m $960.0m
Cash and cash equivalents, beginning of period $606.0m $467.0m $336.0m $419.0m $291.0m $367.0m $257.0m $161.0m $312.0m $1.3b
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — — — — $257.0m $161.0m $312.0m $1.3b
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — — ($79.0m) ($96.0m) $151.0m $960.0m
Interest Paid, Excluding Capitalized Interest, Operating Activities $1.9b $1.9b $1.9b $1.9b $2.1b $2.2b $2.2b $2.3b $2.9b $3.1b
Income Taxes Paid, Net — — — — — $41.0m $54.0m $103.0m $206.0m $103.0m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.