Reportable Segments (Tables)

9 Months Ended

Sep. 30, 2017

The following tables present financial information by segment:



	Three Months Ended September 30,						Nine Months Ended September 30,
	2017			2016			2017			2016
Revenues:
Intrastate transportation and storage:
Revenues from external customers	$	729		$	583		$	2,196		$	1,457
Intersegment revenues	44			175			146			400
	773			758			2,342			1,857
Interstate transportation and storage:
Revenues from external customers	220			231			652			714
Intersegment revenues	4			5			14			15
	224			236			666			729
Midstream:
Revenues from external customers	639			582			1,873			1,799
Intersegment revenues	1,128			761			3,144			1,966
	1,767			1,343			5,017			3,765
Liquids transportation and services:
Revenues from external customers	1,790			1,099			4,664			3,027
Intersegment revenues	22			113			203			214
	1,812			1,212			4,867			3,241
Investment in ETP:
Revenues from external customers	22			2,154			4,216			6,133
Intersegment revenues	—			35			44			101
	22			2,189			4,260			6,234
All other:
Revenues from external customers	699			882			2,147			2,171
Intersegment revenues	19			74			138			350
	718			956			2,285			2,521
Eliminations	(1,217		)	(1,163		)	(3,689		)	(3,046		)
Total revenues	$	4,099		$	5,531		$	15,748		$	15,301



	Three Months Ended September 30,						Nine Months Ended September 30,
	2017			2016			2017			2016
Segment Adjusted EBITDA:
Intrastate transportation and storage	$	163		$	133		$	480		$	461
Interstate transportation and storage	273			278			800			848
Midstream	356			314			1,088			875
Liquids transportation and services	449			240			1,032			687
Investment in ETP	182			312			724			906
All other	153			113			366			395
Total	1,576			1,390			4,490			4,172
Depreciation, depletion and amortization	(472		)	(503		)	(1,507		)	(1,469		)
Interest expense, net	(334		)	(345		)	(993		)	(981		)
Losses on interest rate derivatives	(8		)	(28		)	(28		)	(179		)
Non-cash unit-based compensation expense	(15		)	(22		)	(52		)	(60		)
Unrealized gains (losses) on commodity risk management activities	(69		)	(15		)	29			(96		)
Inventory valuation adjustments	—			37			2			143
Adjusted EBITDA related to unconsolidated affiliates	(430		)	(240		)	(1,016		)	(711		)
Equity in earnings of unconsolidated affiliates	206			65			302			260
Impairment of investment in an unconsolidated affiliate	—			(308		)	—			(308		)
Other, net	69			43			143			84
Income before income tax (expense) benefit	$	523		$	74		$	1,370		$	855



	September 30, 2017		December 31, 2016
Assets:
Intrastate transportation and storage	$	5,179	$	5,164
Interstate transportation and storage	12,194		10,833
Midstream	19,781		18,011
Liquids transportation and services	12,553		11,296
Investment in ETP	8,368		18,819
All other	6,092		6,068
Total assets	$	64,167	$	70,191

Energy Transfer, LP 10-Q