Energy Transfer LP
For the period ended Mar 31, 2024. Filed May 9, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 9, 2024
ET$19.43+1.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Cash Flows
| Three Months EndedMarch 31, | ||
|---|---|---|
| 2024 | 2023 | |
| OPERATING ACTIVITIES: | ||
| Net income | $1,692 | $1,447 |
| Reconciliation of net income to net cash provided by operating activities: | ||
| Depreciation, depletion and amortization | 1,254 | 1,059 |
| Deferred income taxes | 67 | 53 |
| Inventory valuation adjustments | (130) | (29) |
| Non-cash compensation expense | 46 | 37 |
| Impairment losses | — | 1 |
| Loss on extinguishment of debt | 5 | — |
| Distributions on unvested awards | (14) | (20) |
| Equity in earnings of unconsolidated affiliates | (98) | (88) |
| Distributions from unconsolidated affiliates | 84 | 87 |
| Other non-cash | (7) | 2 |
| Net change in operating assets and liabilities, net of effects of acquisitions and divestitures | 873 | 801 |
| Net cash provided by operating activities | 3,772 | 3,350 |
| INVESTING ACTIVITIES: | ||
| Cash paid by Sunoco LP for Zenith Energy terminals acquisition, net of cash received | (185) | — |
| Cash paid for Edwards Lime Gathering, LLC noncontrolling interest | (84) | — |
| Cash paid for other acquisitions, net of cash received | (180) | — |
| Capital expenditures, excluding allowance for equity funds used during construction | (795) | (853) |
| Contributions in aid of construction costs | 25 | 16 |
| Contributions to unconsolidated affiliates | (2) | — |
| Distributions from unconsolidated affiliates in excess of cumulative earnings | 23 | 30 |
| Proceeds from sales of other assets | 2 | 4 |
| Net cash used in investing activities | (1,196) | (803) |
| FINANCING ACTIVITIES: | ||
| Proceeds from borrowings | 8,141 | 7,582 |
| Repayments of debt | (6,257) | (8,605) |
| USAC investments in government securities in connection with the legal defeasance of senior notes | (749) | — |
| Redemption of Series C and Series D Preferred Units | (895) | — |
| Redemption of Crestwood Niobrara LLC preferred units | (37) | — |
| Capital contributions from noncontrolling interests | 637 | 3 |
| Distributions to partners | (1,128) | (1,001) |
| Distributions to noncontrolling interests | (421) | (441) |
| Distributions to redeemable noncontrolling interests | (22) | (12) |
| Debt issuance costs | (60) | — |
| Net cash used in financing activities | (791) | (2,474) |
| Increase in cash and cash equivalents | 1,785 | 73 |
| Cash and cash equivalents, beginning of period | 161 | 257 |
| Cash and cash equivalents, end of period | $1,946 | $330 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.