Energy Transfer 2015 Annual Report Download - page 233

Download and view the complete annual report

Please find page 233 of the 2015 Energy Transfer annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 257

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196
  • 197
  • 198
  • 199
  • 200
  • 201
  • 202
  • 203
  • 204
  • 205
  • 206
  • 207
  • 208
  • 209
  • 210
  • 211
  • 212
  • 213
  • 214
  • 215
  • 216
  • 217
  • 218
  • 219
  • 220
  • 221
  • 222
  • 223
  • 224
  • 225
  • 226
  • 227
  • 228
  • 229
  • 230
  • 231
  • 232
  • 233
  • 234
  • 235
  • 236
  • 237
  • 238
  • 239
  • 240
  • 241
  • 242
  • 243
  • 244
  • 245
  • 246
  • 247
  • 248
  • 249
  • 250
  • 251
  • 252
  • 253
  • 254
  • 255
  • 256
  • 257

Table of Contents
Years Ended December 31,
2015
2014
2013
Segment Adjusted EBITDA:
Intrastate transportation and storage $ 543
$ 559
$ 521
Interstate transportation and storage 1,155
1,212
1,368
Midstream 1,250
1,318
757
Liquids transportation and services 731
591
350
Investment in Sunoco Logistics 1,153
971
871
Retail marketing 583
731
325
All other 299
328
212
Total Segment Adjusted EBITDA 5,714
5,710
4,404
Depreciation, depletion and amortization (1,929)
(1,669)
(1,296)
Interest expense, net of interest capitalized (1,291)
(1,165)
(1,013)
Gain on sale of AmeriGas common units —
177
87
Impairment losses (339)
(370)
(689)
Gains (losses) on interest rate derivatives (18)
(157)
44
Non-cash unit-based compensation expense (79)
(68)
(54)
Unrealized gains (losses) on commodity risk management activities (65)
112
42
Inventory valuation adjustments (104)
(473)
3
Losses on extinguishments of debt (43)
(25)
(7)
Non-operating environmental remediation —
—
(168)
Adjusted EBITDA related to discontinued operations —
(27)
(76)
Adjusted EBITDA related to unconsolidated affiliates (937)
(748)
(722)
Equity in earnings of unconsolidated affiliates 469
332
236
Other, net 20
(36)
19
Income from continuing operations before income tax expense $ 1,398
$ 1,593
$ 810
December 31,
2015
2014
2013
Assets:
Intrastate transportation and storage $ 4,882
$ 4,983
$ 5,048
Interstate transportation and storage 11,345
10,779
11,537
Midstream 17,111
15,562
7,847
Liquids transportation and services 7,235
4,568
4,321
Investment in Sunoco Logistics 15,423
13,619
11,650
Retail marketing 3,218
8,917
3,936
All other 5,959
4,090
5,561
Total assets $ 65,173
$ 62,518
$ 49,900
F - 72