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SEC Filings
10-Q
ENERGY TRANSFER, LP filed this Form 10-Q on 11/08/2017
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The following table summarizes the related company balances on our consolidated balance sheets:
 
September 30, 2017
 
December 31, 2016
Accounts receivable from related companies:
 
 
 
ETE
$

 
$
22

ETP
484

 

Sunoco LP
192

 
96

FGT
15

 
15

Other
107

 
76

Total accounts receivable from related companies:
$
798

 
$
209

 
 
 
 
Accounts payable to related companies:
 
 
 
ETP
$
136

 
$

Sunoco LP
178

 
20

Other

 
23

Total accounts payable to related companies:
$
314

 
$
43

 
September 30, 2017
 
December 31, 2016
Long-term notes receivable (payable) – related companies:
 
 
 
Sunoco LP
$
85

 
$
87

Phillips 66

 
(250
)
Net long-term notes receivable (payable) – related companies
$
85

 
$
(163
)
14.
REPORTABLE SEGMENTS
Our financial statements reflect the following reportable segments, which conduct their business in the United States, as follows:
intrastate transportation and storage;
interstate transportation and storage;
midstream;
liquids transportation and services;
investment in ETP; and
all other.
As discussed in Note 1, Sunoco Logistics changed its name to ETP upon the completion of the Sunoco Logistics Merger. Accordingly, the reportable segment previously named “Investment in Sunoco Logistics” has been renamed “Investment in ETP.” For periods prior to the Sunoco Logistics Merger, this reportable segment reflects the consolidated results of Sunoco Logistics. For periods subsequent to the Sunoco Logistics Merger, this segment reflects the investments in ETP’s Class E, Class G and Class K units that continue to be held by the Partnership’s subsidiaries, which are accounted for under the equity method.
The Partnership previously presented its retail marketing business as a separate reportable segment. Due to the transfer of the general partner interest of Sunoco LP from ETLP to ETE in 2015 and completion of the dropdown of remaining Retail Marketing interests from ETLP to Sunoco LP in March 2016, all of the Partnership’s retail marketing business has been deconsolidated. The only remaining retail marketing assets are the limited partner units of Sunoco LP owned by the Partnership. As of September 30, 2017, the Partnership owned 43.5 million Sunoco LP common units, representing 43.7% of Sunoco LP’s total outstanding common units. This equity method investment in Sunoco LP has now been aggregated into the all other segment. Consequently, the retail marketing business that was previously consolidated has also been aggregated in the all other segment for all periods presented.


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