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SEC Filings
8-K
ENERGY TRANSFER, LP filed this Form 8-K on 08/08/2017
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ENERGY TRANSFER PARTNERS, L.P. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(In millions)
(unaudited)
 
June 30,
2017
 
December 31, 2016 (a)
ASSETS
 
 
 
 
 
 
 
Current assets
$
5,386

 
$
5,729

 
 
 
 
Property, plant and equipment, net
54,536

 
50,917

 
 
 
 
Advances to and investments in unconsolidated affiliates
4,228

 
4,280

Other non-current assets, net
707

 
672

Intangible assets, net
5,443

 
4,696

Goodwill
3,919

 
3,897

Total assets
$
74,219

 
$
70,191

LIABILITIES AND EQUITY
 
 
 
 
 
 
 
Current liabilities
$
6,989

 
$
6,203

 
 
 
 
Long-term debt, less current maturities
32,029

 
31,741

Long-term notes payable – related company

 
250

Non-current derivative liabilities
201

 
76

Deferred income taxes
4,498

 
4,394

Other non-current liabilities
1,066

 
952

 
 
 
 
Commitments and contingencies
 
 
 
Series A Preferred Units

 
33

Redeemable noncontrolling interests
21

 
15

 
 
 
 
Equity:
 
 
 
Total partners’ capital
25,616

 
18,642

Noncontrolling interest
3,799

 
7,885

Total equity
29,415

 
26,527

Total liabilities and equity
$
74,219

 
$
70,191

(a)
The Sunoco Logistics Merger resulted in Energy Transfer Partners, L.P. being treated as the surviving consolidated entity from an accounting perspective, while Sunoco Logistics (prior to changing its name to “Energy Transfer Partners, L.P.”) was the surviving consolidated entity from a legal and reporting perspective. Therefore, for the pre-merger periods, the consolidated financial statements reflect the consolidated financial statements of the legal acquiree (i.e., the entity that was named “Energy Transfer Partners, L.P.” prior to the merger and name changes).
The Sunoco Logistics Merger was accounted for as an equity transaction. The Sunoco Logistics Merger did not result in any changes to the carrying values of assets and liabilities in the consolidated financial statements, and no gain or loss was recognized. For the periods prior to the Sunoco Logistics Merger, the Sunoco Logistics limited partner interests that were owned by third parties (other than Energy Transfer Partners, L.P. or its consolidated subsidiaries) are presented as noncontrolling interest in these consolidated financial statements.

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