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SEC Filings
8-K
PANHANDLE EASTERN PIPE LINE CO LP filed this Form 8-K on 02/21/2018
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ENERGY TRANSFER PARTNERS, L.P. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(In millions)
(unaudited)
 
December 31,
 
2017
 
2016*
ASSETS
 
 
 
Current assets
$
6,528

 
$
5,643

 
 
 
 
Property, plant and equipment, net
58,437

 
50,917

 
 
 
 
Advances to and investments in unconsolidated affiliates
3,816

 
4,280

Other non-current assets, net
758

 
672

Intangible assets, net
5,311

 
4,696

Goodwill
3,115

 
3,897

Total assets
$
77,965

 
$
70,105

LIABILITIES AND EQUITY
 
 
 
Current liabilities
$
6,994

 
$
6,203

 
 
 
 
Long-term debt, less current maturities
32,687

 
31,741

Long-term notes payable – related party

 
250

Non-current derivative liabilities
145

 
76

Deferred income taxes
2,883

 
4,394

Other non-current liabilities
1,084

 
952

 
 
 
 
Commitments and contingencies
 
 
 
Series A Preferred Units

 
33

Redeemable noncontrolling interests
21

 
15

 
 
 
 
Equity:
 
 
 
Total partners’ capital
28,269

 
18,621

Noncontrolling interest
5,882

 
7,820

Total equity
34,151

 
26,441

Total liabilities and equity
$
77,965

 
$
70,105

*
During the fourth quarter of 2017, the Partnership changed its accounting policy related to certain inventories. Certain crude oil, refined product and NGL inventories associated with the legacy Sunoco Logistics business were changed from the last-in, first-out (“LIFO”) method to the weighted average cost method. These changes have been applied retrospectively to all periods presented, and the prior period amounts reflected below have been adjusted from those amounts previously reported.


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