US-listed companies
Energy Transfer LP

Energy Transfer LPET

Market cap

$54.3B

P/E ratio

13.8x

Income statement Balance sheet Cash flow

	Dec 31, 2010	Dec 31, 2011	Dec 31, 2012	Dec 31, 2013	Dec 31, 2014	Dec 31, 2015	Dec 31, 2016	Dec 31, 2017	Dec 31, 2018	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023
Revenues	6,598	8,241	16,964	48,335	55,691	42,126	37,504	40,523	54,087	54,213	38,954	67,417	89,876	78,586
Cost of products sold	-	-	-	-	-	-	-	-	41,658	39,727	25,487	50,395	72,232	60,541
Operating expenses	785	919	1,065	1,642	2,127	2,661	2,696	2,644	3,089	3,294	3,218	3,574	4,338	4,368
Depreciation, depletion and amortization	431	612	871	1,313	1,724	2,079	2,359	2,554	2,859	3,147	3,678	3,817	4,164	4,385
Selling, general and administrative	234	292	580	586	611	639	807	607	702	694	711	818	1,018	985
Asset Impairment Charges	-	-	-	-	-	339	1,487	1,039	431	74	2,880	21	386	12
Total costs and expenses	5,561	7,006	15,604	46,784	53,221	39,727	36,005	37,810	48,739	46,936	35,974	58,625	82,138	70,291
OPERATING INCOME	1,037	1,235	1,360	1,551	2,470	2,399	1,499	2,713	5,348	7,277	2,980	8,792	7,738	8,295
Interest expense, net of interest capitalized	625	740	1,018	1,221	1,369	1,643	1,832	1,922	2,055	2,331	2,327	2,267	2,306	2,578
Income (Loss) from Equity Method Investments	65	117	212	236	332	276	270	144	344	302	119	246	257	383
Impairment of investments in unconsolidated affiliates	-	-	-	-	-	-	308	313	-	-	129	-	-	-
Gain (Loss) on Extinguishment of Debt	-	-	-123	-162	-25	-43	-	-89	-112	-18	-75	-38	-	2
Gain (Loss) on Extinguishment of Debt	-	-	-123	-162	-25	-43	-	-89	-112	-18	-75	-38	-	2
Gain (Loss) on Interest Rate Derivative Instruments Not Designated as Hedging Instruments	-	-	-	-	-	-	-	-	-	-	-	-	293	36
Gain (Loss) on Interest Rate Derivative Instruments Not Designated as Hedging Instruments	-	-	-	-	-	-	-	-	-	-	-	-	293	36
Gain (Loss) Related to Litigation Settlement	-	-	-	-	-	-	-	-	-	-	-	-	-	-627
Other, net	-44	16	30	-1	-11	22	124	214	62	105	12	77	90	86
Income before income tax expense	-	-	-	-	-	-	-	-	-	-	-	6,871	6,072	5,597
Income tax expense	14	17	54	93	357	-100	-217	-1,833	4	195	237	184	204	303
NET INCOME	337	528	1,274	315	1,124	1,093	41	2,366	3,365	4,899	140	6,687	5,868	5,294
Less: Net income attributable to noncontrolling interests	144	218	970	119	491	-96	-954	1,412	1,632	1,256	739	1,167	1,061	1,299
Less: Net income attributable to redeemable noncontrolling interests	-	-	-	-	-	-	-	-	39	51	49	50	51	60
NET INCOME ATTRIBUTABLE TO PARTNERS	337	528	1,274	315	1,124	1,189	995	2,366	3,365	4,899	140	6,687	5,868	5,294
General Partner’s interest in net income	-1	-1	-2	-	-2	-3	3	2	3	4	-1	6	4	-3
Preferred Unitholders’ interest in net income	-	-	-	-	-	-	-	-	-	-	-	285	422	463
Limited Partners’ interest in net income	192	309	302	196	629	1,183	983	915	1,658	3,588	-647	5,179	4,330	3,469
Basic	-	-	-	0.33	1.15	1.11	0.94	0.86	1.17	1.37	-0.24	1.89	1.4	-
Basic	-	-	-	0.35	1.16	1.11	0.94	0.85	1.16	1.37	-0.24	-	-	1.1
Diluted	-	-	-	0.33	1.14	1.11	0.92	0.84	1.16	1.36	-0.24	1.89	1.4	-
Diluted	-	-	-	0.35	1.15	1.11	0.92	0.83	1.15	1.36	-0.24	-	-	1.09