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ENLC Financial Statements and Analysis

NYSE : ENLC

EnLink Midstream, LLC

$14.12
-0.03-0.21%
At Close 4:00 PM
Not Actively Trading
70.33
BESG ScoreESG Rating

ENLC FINANCIAL STATEMENTS

An instrumental part of fundamental analysis is measuring key indicators of an asset, which are the factors that can influence its value and price. However, sometimes investors show more interest in financial statements with other factors to determine whether investing in that company is the right decision. Financial statements of a company include:

  • Balance Sheet
  • Income Statement
  • Cash Flow Statement

ENLC Income Statement

A company's income statement helps investors and business owners determine whether the company is profitable or losing money. Profitability is a key factor investors consider before investing in a stock. Income statements provide them with information about a company's profitability over time. The statement also enables them to observe trends in company spending and earnings since it breaks down individual costs and revenues. Income statements also provide details on where a company's money is going when it isn't profitable or its profits fluctuate.

Date2024-09-302024-06-302024-03-312023-12-312023-09-30
reported currencyUSDUSDUSDUSDUSD
calendar year20242024202420232023
periodQ3Q2Q1Q4Q3
revenue1.608B1.552B1.677B1.837B1.746B
cost of revenue1.254B1.38B1.468B1.488B1.409B
gross profit354.70M171.50M208.60M348.70M337.70M
gross profit ratio0.2210.1110.1240.190.193
research and development expenses00000
general and administrative expenses30.00M30.20M55.20M27.70M30.40M
selling and marketing expenses0155.20M152.60M00
selling general and administrative expenses30.00M30.20M55.20M27.70M30.40M
other expenses183.90M3.80M500.00K100.00K112.90M
operating expenses213.90M30.20M55.20M173.40M143.30M
cost and expenses1.489B1.411B1.524B1.662B1.602B
interest income0300.00K700.00K200.00K300.00K
interest expense69.20M67.00M66.10M61.80M-67.90M
depreciation and amortization186.10M162.60M165.30M167.60M1.245B
ebitda305.40M303.10M314.40M332.30M1.389B
ebitda ratio0.190.1960.190.1810.795
operating income119.00M141.30M153.40M193.30M143.90M
operating income ratio0.0740.0910.0910.1050.082
total other income expenses net-68.90M-62.60M-65.70M15.10M-154.50M
income before tax50.10M77.00M46.20M122.40M-10.60M
income before tax ratio0.0310.050.0280.067-0.006
income tax expense-7.00M10.00M-3.80M22.30M-10.60M
net income14.00M38.10M14.50M64.20M29.50M
net income ratio0.0090.0250.0090.0350.017
eps0.0310.0840.0320.140.064
eps diluted0.0310.0840.0320.140.064
weighted average shs out458.60M451.40M451.30M454.70M459.30M
weighted average shs out dil458.60M454.10M454.20M459.60M463.90M
Graph

ENLC Balance Sheet

Balance sheet summarizes a company's financials and can be used as a basis by investors to determine the value of a company. It shows the value of the stock, as well as the assets and liabilities of the company. A company's balance sheet displays how its assets are put to use and how those assets are financed, based on the liabilities section. Both investors and analysts analyze a company's balance sheet to determine how it allocates its resources.

Date2024-09-302024-06-302024-03-312023-12-312023-09-30
reported currencyUSDUSDUSDUSDUSD
calendar year20242024202420232023
periodQ3Q2Q1Q4Q3
cash and cash equivalents10.40M5.80M16.80M28.70M48.10M
short term investments042.20M64.00M05.70M
cash and short term investments10.40M5.80M16.80M28.70M48.10M
net receivables550.20M643.20M541.00M667.30M692.10M
inventory101.20M73.30M40.40M46.40M91.20M
other current assets66.20M91.90M113.90M19.00M23.00M
total current assets728.00M814.20M712.10M838.30M922.40M
property plant equipment net6.168B6.313B6.36B6.407B6.487B
goodwill00000
intangible assets698.00M729.90M761.80M793.60M825.50M
goodwill and intangible assets698.00M729.90M761.80M793.60M825.50M
long term investments156.50M174.10M181.30M150.50M144.60M
tax assets0784.90M774.00M27.00M13.80M
other non current assets133.10M120.70M112.40M112.20M97.60M
total non current assets7.156B8.123B8.19B7.49B7.568B
other assets00000
total assets7.884B8.937B8.902B8.329B8.491B
account payables76.90M86.90M113.00M126.50M121.90M
short term debt721.30M457.80M130.60M126.10M122.10M
tax payables36.20M23.30M12.10M33.30M37.90M
deferred revenue019.70M21.00M634.00M623.80M
other current liabilities901.90M686.70M636.30M107.00M100.10M
total current liabilities1.736B1.255B913.00M993.60M967.90M
long term debt4.15B4.236B4.47B4.471B4.621B
deferred revenue non current00026.70M12.20M
deferred tax liabilities non current103.80M895.90M875.10M104.20M82.80M
other non current liabilities92.00M92.10M879.30M98.00M90.30M
total non current liabilities4.346B5.224B5.45B4.70B4.807B
other liabilities00000
capital lease obligations40.00M36.60M32.70M28.20M24.20M
total liabilities6.082B6.479B6.363B5.694B5.775B
preferred stock00000
common stock0914.20M892.50M1.001B1.08B
retained earnings00000
accumulated other comprehensive income loss-1.10M3.80M3.70M700.00K6.20M
other total stockholders equity1.803B00-1.001B1.63B
total stockholders equity1.802B918.00M896.20M700.00K2.716B
total equity2.658B2.458B2.539B1.635B4.346B
total liabilities and stockholders equity7.884B8.937B8.902B5.694B8.491B
minority interest856.00M1.54B1.643B1.634B1.63B
total investments156.50M174.10M181.30M150.50M144.60M
total debt4.871B4.694B4.60B4.597B4.744B
net debt4.861B4.688B4.583B4.568B4.695B
Graph

ENLC Cash Flow

A cash flow statement is regarded as a valuable indicator of profitability and the long-term outlook for a company. It assists the company in evaluating whether it has sufficient funds to cover its expenses. Essentially, a cash flow statement represents an organization's financial health. The cash flow statement, which measures the business's ability to operate in the short as well as long term, is broken down into operating, investing, and financing activities.

Date2024-09-302024-06-302024-03-312023-12-312023-09-30
reported currencyUSDUSDUSDUSDUSD
calendar year20242024202420232023
periodQ3Q2Q1Q4Q3
deferred income tax09.80M-4.00M23.10M9.40M
stock based compensation05.20M5.60M5.00M5.70M
change in working capital0-80.00M37.50M64.10M-14.60M
accounts receivables-63.50M-102.20M126.70M24.90M-149.80M
inventory0-47.30M11.30M37.50M-7.10M
accounts payables101.50M69.50M-100.50M1.70M-142.30M
other working capital069.50M11.30M0284.60M
other non cash items026.90M384.40M800.00K44.10M
net cash provided by operating activities260.10M162.60M293.30M360.70M274.20M
investments in property plant and equipment0-100.40M-110.40M-124.80M-117.80M
acquisitions net0800.00K13.00M-9.70M-8.70M
purchases of investments-5.30M-10.70M-9.40M-9.70M-8.70M
sales maturities of investments0009.70M8.70M
other investing activites02.50M-5.70M67.40M2.20M
net cash used for investing activites-5.30M-107.80M-112.50M-67.10M-124.30M
debt repayment0-88.50M-3.00M-457.00M-555.40M
common stock issued000305.00M534.30M
common stock repurchased0-50.00M-68.60M-81.60M-54.90M
dividends paid0-60.10M-62.40M-57.60M-58.40M
other financing activites0-44.20M-58.70M-21.80M-22.20M
net cash used provided by financing activities0-65.80M-192.70M-313.00M-156.60M
effect of forex changes on cash0000272.20M
net change in cash254.80M-11.00M-11.90M-19.40M-6.70M
cash at end of period254.80M5.80M16.80M28.70M48.10M
cash at beginning of period016.80M28.70M48.10M54.80M
operating cashflow260.10M162.60M293.30M360.70M274.20M
capital expenditure0-100.40M-110.40M-124.80M-117.80M
free cash flow260.10M62.20M182.90M235.90M156.40M
Graph

Frequently Asked Questions

How did EnLink Midstream, LLC do last quarter? What was its Total Revenue and Cost of Revenue?

A company's Total Revenue reveals how much money it generates before any expenses or deductions are made. As a result, this metric informs investors/stakeholders how much money the business makes. Tracking and understanding it is essential for evaluating a company's growth. As opposed to revenue, Cost of Revenue is any expenses a business incur to generate revenue. There can be high revenue in a business, but if the costs are high, it won't make a profit and will go out of business when money runs out. Therefore, ENLC generated $1.61B in revenue last quarter, while its costs came in at $1.25B.

Last quarter, how much Gross Profit did EnLink Midstream, LLC report?

A business's Gross Profit is a key indicator of its profitability and financial performance. In other words, it reflects how efficiently a business uses labor, raw materials, and other resources. EnLink Midstream, LLC reported a $354.70M Gross Profit for the quarter ended Sep 30, 2024.

Have ENLC's Total Operating Expenses and Operating Income been favorable recently?

Operational Expenses represent the costs a company must incur to generate revenue, which is the ultimate goal of a business, whereas Operating Income shows the revenue left after operational direct and indirect costs have been deducted. ENLC incurred $213.90M worth of Operating Expenses, while it generated $119.00M worth of Operating Income.

How much Net Income has ENLC posted recently?

The Net Income of a company is one of the factors investors consider when investing in the company. According to recent earnings report from EnLink Midstream, LLC, the company generated $14.00M in Net Income. When a company has a history of consistent net income, investors are more likely to invest in it since they know they will get a return.

At the end of the last quarter, how much Cash and Equivalents did EnLink Midstream, LLC have?

The amount of Cash and Cash Equivalents is an effective indicator of the financial strength and well-being of a company. An excess cash situation occurs when a company has more cash and cash equivalents than it needs for operating activities. The amount of Cash and Cash Equivalents available to EnLink Midstream, LLC as of the end of the last quarter was $10.40M.

What are ENLC's Total Net Receivables for the last quarter?

Total Net Receivables are a company's outstanding debts to its customers. Therefore, it refers to the amount that a company expects to collect from its customers. The higher a company's net receivables are, the more confident it is that it can collect money from its debtors. As of the end of the last quarter, ENLC had Total Net Receivables of $550.20M.

In terms of Total Assets and Current Assets, where did EnLink Midstream, LLC stand at?

An asset with an economic value within a year is considered a current asset. Total assets, however, also include long-term fixed assets, intangible assets, and other non-current assets. The current Assets of ENLC were $728.00M, while the Total Assets stand at $7.88B.

As of the last quarter, how much Total Debt did EnLink Midstream, LLC have?

The total debt of a business refers to how much it borrows. A company's current and long-term liabilities are added together to calculate its Total Debt. A debt ratio may be taken into account on a balance sheet by financial lenders, investors, and business leaders when making informed decisions about future loans or investments. The total amount of ENLC's debt was $4.87B at the end of the last quarter.

What were ENLC's Total Liabilities during the last reported quarter?

A company's total liabilities are the sum of all debts it is liable for, including any off-balance shee liabilities it may incur. This can be calculated by adding up all short-term and long-term liabilities. In its last quarter, ENLC reported total liabilities of $6.08B.

How much did ENLC's Working Capital change over the last quarter?

Working Capital Change for ENLC was $0.00 over the last quarter. Working Capital Change refers to the difference between net working capital amounts at the end of one accounting period and the end of another. It tells investors/stakeholders how much the company's cash flow will differ from its Net Income (i.e., after-tax profits). More powerful companies often have positive Change in Working Capital numbers as they have increased control over collecting cash from customers and delaying payments to suppliers.

ENLC generated how much cash from operating activities?

An operating cash flow statement usually contains cash from operating activities in the first section. An organization's cash from operating activities refers to the money it takes in and takes out as a result of its regular business operations. ENLC generated $260.10M of Cash from Operating Activities during its recently reported quarter.

What was ENLC's latest reported Net Change in Cash?

An increase or decrease in cash and cash equivalent balances within a specified period is considered the net change in cash in a cash flow statement. Furthermore, it takes into account cash changes as a result of investments, financing, and operating activities. ENLC reported a $254.80M Net Change in Cash in the most recent quarter.

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