Value Sense
EPD
Enterprise Products Partners L.P. (EPD)
Last Price$33.71.0%
Market Cap$73.8B
LTM Revenue
$56.5B
+15.9% YoY
LTM Net Income
$5,849.0M
+8.6% YoY
LTM Net Debt
$30.5B
Net Debt to FCF - 8.4x
LTM Free Cash Flow (FCF)
$3,626.0M
6.4% margin

EPD Income Statement

EPD Income Statement Overview

Annual
Quarterly
LTM
Dec'14
Dec'15
Dec'16
Dec'17
Dec'18
Dec'19
Dec'20
Dec'21
Dec'22
Dec'23
Revenue
$49.7B (14.6%) YoY
Gross profit
$6,698.0M 0.2% YoY
13.5% margin
Cost of revenue
$43.0B (16.5%) YoY
Operating income
$6,929.0M 39.5% YoY
13.9% margin
Other: $14.0M
Net interest: $1,242.0M
Operating expenses
$213.0M 0.0% YoY
Pre-tax income
$5,701.0M 0.1% YoY
11.5% margin
Net income
$5,532.0M 0.8% YoY
11.1% margin
Income tax
$44.0M
0.8% tax rate
SG&A
$231.0M (4.1%) YoY
0.5% of revenue

EPD Income statement key metrics

Annual
Quarterly
LTM

Revenue

$49.7B -14.6% YoY

Operating Income

$6.9B +39.5% YoY

Net Income

$5.5B +0.8% YoY

EPD Balance Sheet

EPD Balance Sheet Overview

Annual
Quarterly
LTM
Dec'14
Dec'15
Dec'16
Dec'17
Dec'18
Dec'19
Dec'20
Dec'21
Dec'22
Dec'23
Assets
Liabilities
Total assets
$71.0B
Current assets ($12.2B, 17.3% of total)
Cash & ST investments
$180.0M (0.3%)
Accounts receivables
$7,783.0M (11.0%)
Other current assets
$4,285.0M (6.0%)
Non-current assets ($58.7B, 82.7% of total)
Long-term investments
$2,330.0M (3.3%)
Intangible assets
$3,770.0M (5.3%)
Other non-current assets
$6,830.0M (9.6%)
Financial position
Net Debt
$28.9B
$180.0M$29.1B
Cash & Short-term Investments
Total Debt
Quick ratio
0.6x
Net Debt to Free Cash Flow
6.7x
Debt to Equity ratio
101.1%

EPD Balance Sheet Metrics

Annual
Quarterly
LTM

Assets

$71.0B +4.2% YoY

Liabilities

$42.2B +4.5% YoY

Shareholder's Equity

$28.8B +3.8% YoY

EPD Cash Flow Statement

EPD Cash Flow Statement Overview

Annual
Quarterly
LTM
Dec'14
Dec'15
Dec'16
Dec'17
Dec'18
Dec'19
Dec'20
Dec'21
Dec'22
Dec'23
Cash Beginning of PeriodOperating Cash FlowInvesting Cash FlowFinancing Cash FlowForex Changes on CashCash End of Period$206.0M$7,569.0M($3,197.0M)($4,258.0M)$0.0$320.0M

EPD Cash Flow Statement key metrics

Annual
Quarterly
LTM

Operating Cash Flow (OCF)

$7,569.0M -5.8% YoY

Capital Expenditure (CAPEX)

($3,266.0M) +66.3% YoY

Free Cash Flow (FCF)

$4,303.0M -29.1% YoY

EPD Financials

USD
Millions
Billions
Annual
Quarterly
Trailing
Key stats
Income statement
Balance sheet
Cash Flow Statement
Valuation
Ratios
Per share
Per employee
Dividends & Yields
Dec'04Dec'05Dec'06Dec'07Dec'08Dec'09Dec'10Dec'11Dec'12Dec'13Dec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23
Revenue
% growth
8,321.2
0.0%
12,257.0
47.3%
13,991.0
14.1%
16,950.1
21.2%
21,905.7
29.2%
25,510.9
16.5%
33,739.3
32.3%
44,313.0
31.3%
42,524.9
(4.0%)
47,727.0
12.2%
47,951.2
0.5%
27,027.9
(43.6%)
23,022.3
(14.8%)
29,241.5
27.0%
36,534.2
24.9%
32,789.2
(10.3%)
27,199.7
(17.0%)
40,806.9
50.0%
58,186.0
42.6%
49,715.0
(14.6%)
Cost of Goods Sold (COGS)7,904.311,546.213,089.116,009.120,461.023,565.831,449.341,318.539,309.744,238.744,220.523,668.719,643.525,557.531,397.327,061.822,371.135,077.351,502.043,017.0
Gross Profit
% margin
416.9
5.0%
710.7
5.8%
901.9
6.4%
941.1
5.6%
1,444.7
6.6%
1,945.1
7.6%
2,290.0
6.8%
2,994.5
6.8%
3,215.2
7.6%
3,488.3
7.3%
3,730.7
7.8%
3,359.2
12.4%
3,378.8
14.7%
3,684.0
12.6%
5,136.9
14.1%
5,727.4
17.5%
4,828.6
17.8%
5,729.6
14.0%
6,684.0
11.5%
6,698.0
13.5%
Operating Expenses(6.1)47.741.858.031.4121.1204.8181.8170.3188.3214.5192.6160.1181.1208.3211.7219.6209.3241.0(213.0)
Research & Development Expenses (R&D)0.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.0
Selling, General & Administrative Expenses (SG&A)46.762.363.487.790.6172.3204.8181.8170.3188.3214.5192.6160.1181.1208.3211.7219.6209.3241.0231.0
Operating Income
% margin
423.0
5.1%
663.0
5.4%
860.1
6.1%
883.0
5.2%
1,413.2
6.5%
1,824.0
7.1%
2,147.2
6.4%
2,859.1
6.5%
3,109.2
7.3%
3,467.3
7.3%
3,775.7
7.9%
3,540.2
13.1%
3,580.7
15.6%
3,928.9
13.4%
5,408.6
14.8%
4,026.4
12.3%
2,976.9
10.9%
4,233.9
10.4%
4,967.0
8.5%
6,929.0
13.9%
Interest Income0.00.00.00.05.52.31.81.10.80.91.30.00.01.33.611.613.44.711.027.0
Interest Expense0.00.00.00.0540.7641.8741.9744.1771.8802.5921.0961.8982.6984.61,096.71,243.01,287.41,283.01,244.01,269.0
Pre-tax Income269.4437.8630.1579.61,021.81,180.41,409.82,115.52,410.82,664.62,856.62,555.92,576.42,881.34,298.84,732.73,761.44,825.35,697.05,701.0
Income Tax
% effective tax rate
3.8
1.4%
8.4
1.9%
21.3
3.4%
15.3
2.6%
26.4
2.6%
25.3
2.1%
26.1
1.9%
27.2
1.3%
(17.2)
(0.7%)
57.5
2.2%
23.1
0.8%
(2.5)
(0.1%)
23.4
0.9%
25.7
0.9%
60.3
1.4%
45.6
1.0%
(124.3)
(3.3%)
70.0
1.5%
82.0
1.4%
44.0
0.8%
Net Income
% margin
268.3
3.2%
419.5
3.4%
601.2
4.3%
533.7
3.1%
954.0
4.4%
1,030.9
4.0%
320.8
1.0%
2,046.9
4.6%
2,419.9
5.7%
2,596.9
5.4%
2,787.4
5.8%
2,521.2
9.3%
2,513.1
10.9%
2,799.3
9.6%
4,172.4
11.4%
4,591.3
14.0%
3,776.0
13.9%
4,638.0
11.4%
5,490.0
9.4%
5,532.0
11.1%
EPS0.440.460.610.480.920.500.191.241.351.391.441.251.191.301.922.101.712.112.532.53
Diluted EPS0.440.460.610.480.920.500.191.191.351.391.441.251.191.301.912.091.712.102.502.50
EBITDA
% margin
423.0
5.1%
663.0
5.4%
860.1
6.1%
883.0
5.2%
2,499.5
11.4%
2,659.1
10.4%
3,091.1
9.2%
3,842.0
8.7%
4,265.5
10.0%
4,595.2
9.6%
4,824.2
10.1%
4,845.2
17.9%
4,823.0
20.9%
5,184.7
17.7%
6,767.0
18.5%
7,835.6
23.9%
7,120.4
26.2%
7,985.0
19.6%
8,955.0
15.4%
9,047.0
18.2%