FINANCIAL HIGHLIGHTS

FINANCIAL HIGHLIGHTS

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
  TO GAAP FINANCIAL MEASURES

(Amounts in millions except per unit amounts) 2016 2015 2014
INCOME STATEMENT DATA:
Revenues $ 23,022.3 $ 27,027.9 $ 47,951.2
Operating income $ 3,580.7 $ 3,540.2 $ 3,775.7
Net income attributable to limited partners $ 2,513.1 $ 2,521.2 $ 2,787.4
Fully diluted earnings per unit (1) $ 1.20 $ 1.26 $ 1.47
BALANCE SHEET DATA:
Total assets $ 52,194.0 $ 48,802.2 $ 47,057.7
Total debt $ 23,697.7 $ 22,540.8 $ 21,220.5
Total Enterprise Products Partners L.P. equity $ 22,047.0 $ 20,295.1 $ 18,063.2
OTHER FINANCIAL DATA:
Non-GAAP total gross operating margin (2) $ 5,247.8 $ 5,339.2 $ 5,204.8
Non-GAAP Adjusted EBITDA (2) $ 5,255.9 $ 5,267.3 $ 5,290.6
Net Capital Expenditures — plant, property
& equipment (A)
$2,984.1 $3,811.6 $2,864.0
Other investing activities (B) $ 1,139.2 $ 2,633.1 $ 5,316.5
Total capital spending (A+B) $ 4,123.3 $ 6,444.7 $ 8,180.5
Cash distributions declared per common unit (1,3) $ 1.61 $ 1.53 $ 1.45
Annual cash distribution rate at December 31 (1,3) $ 1.64 $ 1.56 $ 1.48
Cash distribution coverage (4) 1.2X 1.9X 1.5X
Number of common units outstanding (1,5) 2,117.6 2,012.6 1,937.3
FOOTNOTES

(1) In August 2014, Enterprise completed a two-for-one split of its common units. All per unit amounts and number of Enterprise units outstanding in this letter are presented on a post-split basis.

(2) See RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES for a reconciliation of this non-GAAP financial measure to its most directly comparable GAAP financial measure.

(3) Cash distributions declared per common unit represent cash distributions declared with respect to the four fiscal quarters of each year presented. The annual cash distribution rate at December 31 is the annualized quarterly rate declared for the fourth quarter each year.

(4) Represents ratio of distributable cash flow to distributions declared with respect to the period. See RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES for a reconciliation of distribut- able cash flow (a non-GAAP financial measure) to its most directly comparable GAAP financial measure.

(5) Reflects actual number of Enterprise common units outstanding at Decemberr 31 for the periods presented.