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Condensed Consolidating Financial Information (Tables)
3 Months Ended
Mar. 31, 2013
Condensed Consolidating Financial Information [Abstract]  
Condensed Consolidating Financial Information
Enterprise Products Partners L.P.
Unaudited Condensed Consolidating Balance Sheet
March 31, 2013

 
 
EPO and Subsidiaries
 
 
 
 
 
 
 
 
 
Subsidiary
Issuer
(EPO)
 
 
Other
Subsidiaries
(Non-guarantor)
 
 
EPO and
Subsidiaries
Eliminations
and
Adjustments
 
 
Consolidated
EPO and
Subsidiaries
 
 
Enterprise
Products
Partners
L.P.
(Guarantor)
 
 
Eliminations
and
Adjustments
 
 
Consolidated
Total
 
ASSETS
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Current assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents and restricted cash
 
$
1,314.9
 
 
$
39.0
 
 
$
(5.7
)
 
$
1,348.2
 
 
$
0.2
 
 
$
--
 
 
$
1,348.4
 
Accounts receivable – trade, net
 
 
1,574.6
 
 
 
2,934.0
 
 
 
(6.4
)
 
 
4,502.2
 
 
 
--
 
 
 
--
 
 
 
4,502.2
 
Accounts receivable – related parties
 
 
266.4
 
 
 
1,557.2
 
 
 
(1,797.2
)
 
 
26.4
 
 
 
--
 
 
(23.7
)
 
 
2.7
 
Inventories
 
 
927.7
 
 
 
232.4
 
 
 
(1.0
)
 
 
1,159.1
 
 
 
--
 
 
 
--
 
 
 
1,159.1
 
Prepaid and other current assets
 
 
117.5
 
 
 
243.3
 
 
 
(5.3
)
 
 
355.5
 
 
 
0.4
 
 
 
--
 
 
 
355.9
 
Total current assets
 
 
4,201.1
 
 
 
5,005.9
 
 
 
(1,815.6
)
 
 
7,391.4
 
 
 
0.6
 
 
(23.7
)
 
 
7,368.3
 
Property, plant and equipment, net
 
 
1,746.3
 
 
 
23,474.2
 
 
 
2.0
 
 
 
25,222.5
 
 
 
--
 
 
 
--
 
 
 
25,222.5
 
Investments in unconsolidated affiliates
 
 
29,249.7
 
 
 
2,047.5
 
 
 
(29,618.2
)
 
 
1,679.0
 
 
 
13,906.0
 
 
 
(13,906.0
)
 
 
1,679.0
 
Intangible assets, net
 
 
78.1
 
 
 
1,461.7
 
 
 
--
 
 
 
1,539.8
 
 
 
--
 
 
 
--
 
 
 
1,539.8
 
Goodwill
 
 
458.9
 
 
 
1,627.2
 
 
 
--
 
 
 
2,086.1
 
 
 
--
 
 
 
--
 
 
 
2,086.1
 
Other assets
 
 
135.5
 
 
 
76.2
 
 
 
(6.2
)
 
 
205.5
 
 
 
0.2
 
 
 
--
 
 
 
205.7
 
Total assets
 
$
35,869.6
 
 
$
33,692.7
 
 
$
(31,438.0
)
 
$
38,124.3
 
 
$
13,906.8
 
 
$
(13,929.7
)
 
$
38,101.4
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
LIABILITIES AND EQUITY
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Current liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Current maturities of debt
 
$
1,137.6
 
 
$
12.4
 
 
$
--
 
 
$
1,150.0
 
 
$
--
 
 
$
--
 
 
$
1,150.0
 
Accounts payable – trade
 
 
231.5
 
 
 
565.1
 
 
 
(5.7
)
 
 
790.9
 
 
 
--
 
 
 
--
 
 
 
790.9
 
Accounts payable – related parties
 
 
1,759.6
 
 
 
131.8
 
 
 
(1,798.9
)
 
 
92.5
 
 
 
24.3
 
 
 
(23.7)
 
 
 
93.1
 
Accrued product payables
 
 
2,177.4
 
 
 
2,739.8
 
 
 
(5.7
)
 
 
4,911.5
 
 
 
--
 
 
 
--
 
 
 
4,911.5
 
Accrued interest
 
 
185.0
 
 
 
0.7
 
 
 
--
 
 
 
185.7
 
 
 
--
 
 
 
--
 
 
 
185.7
 
Other current liabilities
 
 
77.1
 
 
 
315.4
 
 
 
(5.2
)
 
 
387.3
 
 
 
--
 
 
 
0.1
 
 
 
387.4
 
Total current liabilities
 
 
5,568.2
 
 
 
3,765.2
 
 
 
(1,815.5
)
 
 
7,517.9
 
 
 
24.3
 
 
 
(23.6)
 
 
 
7,518.6
 
Long-term debt
 
 
16,378.8
 
 
 
14.9
 
 
 
--
 
 
 
16,393.7
 
 
 
--
 
 
 
--
 
 
 
16,393.7
 
Deferred tax liabilities
 
 
5.3
 
 
 
16.4
 
 
 
(6.2
)
 
 
15.5
 
 
 
--
 
 
 
0.6
 
 
 
16.1
 
Other long-term liabilities
 
 
9.9
 
 
 
172.9
 
 
 
--
 
 
 
182.8
 
 
 
--
 
 
 
--
 
 
 
182.8
 
Commitments and contingencies
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Equity:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Partners' and other owners' equity
 
 
13,907.4
 
 
 
29,649.2
 
 
 
(29,674.2
)
 
 
13,882.4
 
 
 
13,882.5
 
 
 
(13,882.4
)
 
 
13,882.5
 
Noncontrolling interests
 
 
--
 
 
 
74.1
 
 
 
57.9
 
 
 
132.0
 
 
 
--
 
 
 
(24.3
)
 
 
107.7
 
Total equity
 
 
13,907.4
 
 
 
29,723.3
 
 
 
(29,616.3
)
 
 
14,014.4
 
 
 
13,882.5
 
 
 
(13,906.7
)
 
 
13,990.2
 
Total liabilities and equity
 
$
35,869.6
 
 
$
33,692.7
 
 
$
(31,438.0
)
 
$
38,124.3
 
 
$
13,906.8
 
 
$
(13,929.7
)
 
$
38,101.4
 

Enterprise Products Partners L.P.
Unaudited Condensed Consolidating Balance Sheet
December 31, 2012

 
 
EPO and Subsidiaries
 
 
 
 
 
 
 
 
 
Subsidiary
Issuer
(EPO)
 
 
Other
Subsidiaries
(Non-guarantor)
 
 
EPO and
Subsidiaries
Eliminations
and
Adjustments
 
 
Consolidated
EPO and
Subsidiaries
 
 
Enterprise
Products
Partners
L.P.
(Guarantor)
 
 
Eliminations
and
Adjustments
 
 
Consolidated
Total
 
ASSETS
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Current assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents and restricted cash
 
$
4.3
 
 
$
28.0
 
 
$
(12.1
)
 
$
20.2
 
 
$
0.2
 
 
$
--
 
 
$
20.4
 
Accounts receivable – trade, net
 
 
1,585.2
 
 
 
2,768.7
 
 
 
(3.0
)
 
 
4,350.9
 
 
 
--
 
 
 
--
 
 
 
4,350.9
 
Accounts receivable – related parties
 
 
180.5
 
 
 
1,372.8
 
 
 
(1,550.8
)
 
 
2.5
 
 
 
(0.6
)
 
 
0.6
 
 
 
2.5
 
Inventories
 
 
853.6
 
 
 
235.6
 
 
 
(0.8
)
 
 
1,088.4
 
 
 
--
 
 
 
--
 
 
 
1,088.4
 
Prepaid and other current assets
 
 
154.9
 
 
 
231.8
 
 
 
(5.8
)
 
 
380.9
 
 
 
--
 
 
 
--
 
 
 
380.9
 
Total current assets
 
 
2,778.5
 
 
 
4,636.9
 
 
 
(1,572.5
)
 
 
5,842.9
 
 
 
(0.4
)
 
 
0.6
 
 
 
5,843.1
 
Property, plant and equipment, net
 
 
1,673.6
 
 
 
23,170.8
 
 
 
2.0
 
 
 
24,846.4
 
 
 
--
 
 
 
--
 
 
 
24,846.4
 
Investments in unconsolidated affiliates
 
 
28,454.4
 
 
 
1,846.9
 
 
 
(28,906.7
)
 
 
1,394.6
 
 
 
13,188.0
 
 
 
(13,188.0
)
 
 
1,394.6
 
Intangible assets, net
 
 
78.5
 
 
 
1,488.3
 
 
 
--
 
 
 
1,566.8
 
 
 
--
 
 
 
--
 
 
 
1,566.8
 
Goodwill
 
 
458.9
 
 
 
1,627.9
 
 
 
--
 
 
 
2,086.8
 
 
 
--
 
 
 
--
 
 
 
2,086.8
 
Other assets
 
 
126.0
 
 
 
71.4
 
 
 
(0.9
)
 
 
196.5
 
 
 
0.2
 
 
 
--
 
 
 
196.7
 
Total assets
 
$
33,569.9
 
 
$
32,842.2
 
 
$
(30,478.1
)
 
$
35,934.0
 
 
$
13,187.8
 
 
$
(13,187.4
)
 
$
35,934.4
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
LIABILITIES AND EQUITY
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Current liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Current maturities of debt
 
$
1,516.7
 
 
$
29.9
 
 
$
--
 
 
$
1,546.6
 
 
$
--
 
 
$
--
 
 
$
1,546.6
 
Accounts payable – trade
 
 
226.7
 
 
 
549.8
 
 
 
(12.1
)
 
 
764.4
 
 
 
0.1
 
 
 
--
 
 
 
764.5
 
Accounts payable – related parties
 
 
1,584.2
 
 
 
92.9
 
 
 
(1,550.6
)
 
 
126.5
 
 
 
--
 
 
 
0.6
 
 
 
127.1
 
Accrued product payables
 
 
1,851.8
 
 
 
2,628.4
 
 
 
(4.0
)
 
 
4,476.2
 
 
 
--
 
 
 
--
 
 
 
4,476.2
 
Accrued interest
 
 
300.1
 
 
 
0.7
 
 
 
--
 
 
 
300.8
 
 
 
--
 
 
 
--
 
 
 
300.8
 
Other current liabilities
 
 
266.5
 
 
 
280.0
 
 
 
(5.8
)
 
 
540.7
 
 
 
--
 
 
 
(0.2
)
 
 
540.5
 
Total current liabilities
 
 
5,746.0
 
 
 
3,581.7
 
 
 
(1,572.5
)
 
 
7,755.2
 
 
 
0.1
 
 
 
0.4
 
 
 
7,755.7
 
Long-term debt
 
 
14,640.2
 
 
 
15.0
 
 
 
--
 
 
 
14,655.2
 
 
 
--
 
 
 
--
 
 
 
14,655.2
 
Deferred tax liabilities
 
 
5.1
 
 
 
17.7
 
 
 
(0.9
)
 
 
21.9
 
 
 
--
 
 
 
0.6
 
 
 
22.5
 
Other long-term liabilities
 
 
15.6
 
 
 
189.4
 
 
 
--
 
 
 
205.0
 
 
 
--
 
 
 
--
 
 
 
205.0
 
Commitments and contingencies
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Equity:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Partners' and other owners' equity
 
 
13,163.0
 
 
 
28,963.7
 
 
 
(28,961.1
)
 
 
13,165.6
 
 
 
13,187.7
 
 
 
(13,165.6
)
 
 
13,187.7
 
Noncontrolling interests
 
 
--
 
 
 
74.7
 
 
 
56.4
 
 
 
131.1
 
 
 
--
 
 
 
(22.8
)
 
 
108.3
 
Total equity
 
 
13,163.0
 
 
 
29,038.4
 
 
 
(28,904.7
)
 
 
13,296.7
 
 
 
13,187.7
 
 
 
(13,188.4
)
 
 
13,296.0
 
Total liabilities and equity
 
$
33,569.9
 
 
$
32,842.2
 
 
$
(30,478.1
)
 
$
35,934.0
 
 
$
13,187.8
 
 
$
(13,187.4
)
 
$
35,934.4
 
 
Enterprise Products Partners L.P.
Unaudited Condensed Consolidating Statement of Operations
Three Months Ended March 31, 2013

 
 
EPO and Subsidiaries
 
 
 
 
 
 
 
 
 
Subsidiary
Issuer
(EPO)
 
 
Other
Subsidiaries
(Non-guarantor)
 
 
EPO and
Subsidiaries
Eliminations
and
Adjustments
 
 
Consolidated
EPO and
Subsidiaries
 
 
Enterprise
Products
Partners
L.P.
(Guarantor)
 
 
Eliminations
and
Adjustments
 
 
Consolidated
Total
 
Revenues
 
$
7,355.5
 
 
$
7,440.4
 
 
$
(3,412.8
)
 
$
11,383.1
 
 
$
--
 
 
$
--
 
 
$
11,383.1
 
Costs and expenses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating costs and expenses
 
 
7,143.9
 
 
 
6,689.2
 
 
 
(3,412.7
)
 
 
10,420.4
 
 
 
--
 
 
 
--
 
 
 
10,420.4
 
General and administrative costs
 
 
4.7
 
 
 
44.6
 
 
 
--
 
 
 
49.3
 
 
 
0.2
 
 
 
--
 
 
 
49.5
 
Total costs and expenses
 
 
7,148.6
 
 
 
6,733.8
 
 
 
(3,412.7
)
 
 
10,469.7
 
 
 
0.2
 
 
 
--
 
 
 
10,469.9
 
Equity in income of unconsolidated affiliates
 
 
746.7
 
 
 
51.2
 
 
 
(753.4
)
 
 
44.5
 
 
 
753.7
 
 
 
(753.7
)
 
 
44.5
 
Operating income
 
 
953.6
 
 
 
757.8
 
 
 
(753.5
)
 
 
957.9
 
 
 
753.5
 
 
 
(753.7
)
 
 
957.7
 
Other income (expense):
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest expense
 
 
(195.3
)
 
 
(0.6
)
 
 
--
 
 
 
(195.9
)
 
 
--
 
 
 
--
 
 
 
(195.9
)
Other, net
 
 
0.1
 
 
 
(0.2
)
 
 
--
 
 
 
(0.1
)
 
 
--
 
 
 
--
 
 
 
(0.1
)
Total other expense, net
 
 
(195.2
)
 
 
(0.8
)
 
 
--
 
 
 
(196.0
)
 
 
--
 
 
 
--
 
 
 
(196.0
)
Income before income taxes
 
 
758.4
 
 
 
757.0
 
 
 
(753.5
)
 
 
761.9
 
 
 
753.5
 
 
 
(753.7
)
 
 
761.7
 
Provision for income taxes
 
 
(5.1
)
 
 
(1.0
)
 
 
--
 
 
 
(6.1
)
 
 
--
 
 
 
(0.3
)
 
 
(6.4
)
Net income
 
 
753.3
 
 
 
756.0
 
 
 
(753.5
)
 
 
755.8
 
 
 
753.5
 
 
 
(754.0
)
 
 
755.3
 
Net loss (income) attributable to noncontrolling interests
 
 
--
 
 
 
(0.5
)
 
 
(2.0
)
 
 
(2.5
)
 
 
--
 
 
 
0.7
 
 
 
(1.8
)
Net income attributable to entity
 
$
753.3
 
 
$
755.5
 
 
$
(755.5
)
 
$
753.3
 
 
$
753.5
 
 
$
(753.3
)
 
$
753.5
 

Enterprise Products Partners L.P.
Unaudited Condensed Consolidating Statement of Operations
Three Months Ended March 31, 2012

 
 
EPO and Subsidiaries
 
 
 
 
 
 
 
 
 
Subsidiary
Issuer
(EPO)
 
 
Other
Subsidiaries
(Non-guarantor)
 
 
EPO and
Subsidiaries
Eliminations
and
Adjustments
 
 
Consolidated
EPO and
Subsidiaries
 
 
Enterprise
Products
Partners
L.P.
(Guarantor)
 
 
Eliminations
and
Adjustments
 
 
Consolidated
Total
 
Revenues
 
$
7,639.8
 
 
$
7,158.5
 
 
$
(3,545.8
)
 
$
11,252.5
 
 
$
--
 
 
$
--
 
 
$
11,252.5
 
Costs and expenses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating costs and expenses
 
 
7,409.8
 
 
 
6,603.6
 
 
 
(3,546.2
)
 
 
10,467.2
 
 
 
--
 
 
 
--
 
 
 
10,467.2
 
General and administrative costs
 
 
15.4
 
 
 
30.7
 
 
 
--
 
 
 
46.1
 
 
 
0.2
 
 
 
--
 
 
 
46.3
 
Total costs and expenses
 
 
7,425.2
 
 
 
6,634.3
 
 
 
(3,546.2
)
 
 
10,513.3
 
 
 
0.2
 
 
 
--
 
 
 
10,513.5
 
Equity in income of unconsolidated affiliates
 
 
594.5
 
 
 
78.4
 
 
 
(663.0
)
 
 
9.9
 
 
 
651.5
 
 
 
(651.5
)
 
 
9.9
 
Operating income
 
 
809.1
 
 
 
602.6
 
 
 
(662.6
)
 
 
749.1
 
 
 
651.3
 
 
 
(651.5
)
 
 
748.9
 
Other income (expense):
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest expense
 
 
(185.6
)
 
 
(0.9
)
 
 
--
 
 
 
(186.5
)
 
 
--
 
 
 
--
 
 
 
(186.5
)
Other, net
 
 
0.1
 
 
 
58.6
 
 
 
--
 
 
 
58.7
 
 
 
--
 
 
 
--
 
 
 
58.7
 
Total other expense, net
 
 
(185.5
)
 
 
57.7
 
 
 
--
 
 
 
(127.8
)
 
 
--
 
 
 
--
 
 
 
(127.8
)
Income before income taxes
 
 
623.6
 
 
 
660.3
 
 
 
(662.6
)
 
 
621.3
 
 
 
651.3
 
 
 
(651.5
)
 
 
621.1
 
Benefit from income taxes
 
 
27.0
 
 
 
7.4
 
 
 
--
 
 
 
34.4
 
 
 
--
 
 
 
--
 
 
 
34.4
 
Net income
 
 
650.6
 
 
 
667.7
 
 
 
(662.6
)
 
 
655.7
 
 
 
651.3
 
 
 
(651.5
)
 
 
655.5
 
Net loss (income) attributable to noncontrolling interests
 
 
--
 
 
 
(44.4
)
 
 
39.7
 
 
 
(4.7
)
 
 
--
 
 
 
0.5
 
 
 
(4.2
)
Net income attributable to entity
 
$
650.6
 
 
$
623.3
 
 
$
(622.9
)
 
$
651.0
 
 
$
651.3
 
 
$
(651.0
)
 
$
651.3
 
 
Enterprise Products Partners L.P.
Unaudited Condensed Consolidating Statement of Comprehensive Income
Three Months Ended March 31, 2013

 
 
EPO and Subsidiaries
 
 
 
 
 
 
 
 
 
Subsidiary
Issuer
(EPO)
 
 
Other
Subsidiaries
(Non-
guarantor)
 
 
EPO and
Subsidiaries
Eliminations
and
Adjustments
 
 
Consolidated
EPO and
Subsidiaries
 
 
Enterprise
Products
Partners
L.P.
(Guarantor)
 
 
Eliminations
and
Adjustments
 
 
Consolidated
Total
 
Comprehensive income
 
$
753.0
 
 
$
728.4
 
 
$
(753.4
)
 
$
728.0
 
 
$
725.8
 
 
$
(726.2
)
 
$
727.6
 
Comprehensive income attributable to noncontrolling interests
 
 
--
 
 
 
(0.5
)
 
 
(2.0
)
 
 
(2.5
)
 
 
--
 
 
 
0.7
 
 
 
(1.8
)
Comprehensive income attributable to entity
 
$
753.0
 
 
$
727.9
 
 
$
(755.4
)
 
$
725.5
 
 
$
725.8
 
 
$
(725.5
)
 
$
725.8
 
 
Enterprise Products Partners L.P.
Unaudited Condensed Consolidating Statement of Comprehensive Income
Three Months Ended March 31, 2012

 
 
EPO and Subsidiaries
 
 
 
 
 
 
 
 
 
Subsidiary
Issuer
(EPO)
 
 
Other
Subsidiaries
(Non-guarantor)
 
 
EPO and
Subsidiaries
Eliminations
and
Adjustments
 
 
Consolidated
EPO and
Subsidiaries
 
 
Enterprise
Products
Partners
L.P.
(Guarantor)
 
 
Eliminations
and
Adjustments
 
 
Consolidated
Total
 
Comprehensive income
 
$
679.8
 
 
$
648.1
 
 
$
(662.6
)
 
$
665.3
 
 
$
651.3
 
 
$
(651.5
)
 
$
665.1
 
Comprehensive income attributable to noncontrolling interests
 
 
--
 
 
 
(44.4
)
 
 
39.7
 
 
 
(4.7
)
 
 
--
 
 
 
0.5
 
 
 
(4.2
)
Comprehensive income attributable to entity
 
$
679.8
 
 
$
603.7
 
 
$
(622.9
)
 
$
660.6
 
 
$
651.3
 
 
$
(651.0
)
 
$
660.9
 
 
Enterprise Products Partners L.P.
Unaudited Condensed Consolidating Statement of Cash Flows
Three Months Ended March 31, 2013

 
 
EPO and Subsidiaries
 
 
 
 
 
 
 
 
 
Subsidiary
Issuer
(EPO)
 
 
Other
Subsidiaries
(Non-guarantor)
 
 
EPO and
Subsidiaries
Eliminations
and
Adjustments
 
 
Consolidated
EPO and
Subsidiaries
 
 
Enterprise
Products
Partners
L.P.
(Guarantor)
 
 
Eliminations
and
Adjustments
 
 
Consolidated
Total
 
Operating activities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income
 
$
753.3
 
 
$
756.0
 
 
$
(753.5
)
 
$
755.8
 
 
$
753.5
 
 
$
(754.0
)
 
$
755.3
 
Reconciliation of net income to net cash flows provided by  operating activities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Depreciation, amortization and accretion
 
 
33.8
 
 
 
258.2
 
 
 
--
 
 
 
292.0
 
 
 
--
 
 
 
--
 
 
 
292.0
 
Equity in income of unconsolidated affiliates
 
 
(746.7
)
 
 
(51.2
)
 
 
753.4
 
 
 
(44.5
)
 
 
(753.7
)
 
 
753.7
 
 
 
(44.5
)
Distributions received from unconsolidated affiliates
 
 
1,173.7
 
 
 
50.3
 
 
 
(1,172.7
)
 
 
51.3
 
 
 
577.6
 
 
 
(577.6
)
 
 
51.3
 
Net effect of changes in operating accounts and other operating activities
 
 
(76.8
)
 
 
16.2
 
 
 
6.5
 
 
 
(54.1
)
 
 
23.2
 
 
 
(23.3
)
 
 
(54.2
)
Net cash flows provided by operating activities
 
 
1,137.3
 
 
 
1,029.5
 
 
 
(1,166.3
)
 
 
1,000.5
 
 
 
600.6
 
 
 
(601.2
)
 
 
999.9
 
Investing activities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Capital expenditures, net of contributions in aid of construction costs
 
 
(62.1
)
 
 
(560.8
)
 
 
--
 
 
 
(622.9
)
 
 
--
 
 
 
--
 
 
 
(622.9
)
Proceeds from asset sales and insurance recoveries
 
 
--
 
 
 
130.5
 
 
 
--
 
 
 
130.5
 
 
 
--
 
 
 
--
 
 
 
130.5
 
Other investing activities
 
 
(958.6
)
 
 
(203.9
)
 
 
807.7
 
 
 
(354.8
)
 
 
(552.5
)
 
 
552.5
 
 
 
(354.8
)
Cash used in investing activities
 
 
(1,020.7
)
 
 
(634.2
)
 
 
807.7
 
 
 
(847.2
)
 
 
(552.5
)
 
 
552.5
 
 
 
(847.2
)
Financing activities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Borrowings under debt agreements
 
 
6,174.6
 
 
 
--
 
 
 
--
 
 
 
6,174.6
 
 
 
--
 
 
 
--
 
 
 
6,174.6
 
Repayments of debt
 
 
(4,809.2
)
 
 
(17.4
)
 
 
--
 
 
 
(4,826.6
)
 
 
--
 
 
 
--
 
 
 
(4,826.6
)
Cash distributions paid to partners
 
 
(601.2
)
 
 
(1,175.1
)
 
 
1,175.1
 
 
 
(601.2
)
 
 
(577.6
)
 
 
601.2
 
 
 
(577.6
)
Cash distributions paid to noncontrolling interests
 
 
--
 
 
 
--
 
 
 
(2.4
)
 
 
(2.4
)
 
 
--
 
 
 
--
 
 
 
(2.4
)
Net cash proceeds from issuance of common units
 
 
--
 
 
 
--
 
 
 
--
 
 
 
--
 
 
 
554.1
 
 
 
--
 
 
 
554.1
 
Cash contributions from owners
 
 
552.5
 
 
 
807.7
 
 
 
(807.7
)
 
 
552.5
 
 
 
--
 
 
 
(552.5
)
 
 
--
 
Other financing activities
 
 
(186.0
)
 
 
--
 
 
 
--
 
 
 
(186.0
)
 
 
(24.6
)
 
 
--
 
 
 
(210.6
)
Cash provided by (used in) financing activities
 
 
1,130.7
 
 
 
(384.8
)
 
 
365.0
 
 
 
1,110.9
 
 
 
(48.1
)
 
 
48.7
 
 
 
1,111.5
 
Net change in cash and cash equivalents
 
 
1,247.3
 
 
 
10.5
 
 
 
6.4
 
 
 
1,264.2
 
 
 
--
 
 
 
--
 
 
 
1,264.2
 
Cash and cash equivalents, January 1
 
 
--
 
 
 
28.0
 
 
 
(12.1
)
 
 
15.9
 
 
 
0.2
 
 
 
--
 
 
 
16.1
 
Cash and cash equivalents, March 31
 
$
1,247.3
 
 
$
38.5
 
 
$
(5.7
)
 
$
1,280.1
 
 
$
0.2
 
 
$
--
 
 
$
1,280.3
 
 
Enterprise Products Partners L.P.
Unaudited Condensed Consolidating Statement of Cash Flows
Three Months Ended March 31, 2012

 
 
EPO and Subsidiaries
 
 
 
 
 
 
 
 
 
Subsidiary
Issuer
(EPO)
 
 
Other
Subsidiaries
(Non-guarantor)
 
 
EPO and
Subsidiaries
Eliminations
and
Adjustments
 
 
Consolidated
EPO and
Subsidiaries
 
 
Enterprise
Products
Partners
L.P.
(Guarantor)
 
 
Eliminations
and
Adjustments
 
 
Consolidated
Total
 
Operating activities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income
 
$
650.6
 
 
$
667.7
 
 
$
(662.6
)
 
$
655.7
 
 
$
651.3
 
 
$
(651.5
)
 
$
655.5
 
Reconciliation of net income to net cash flows provided by operating activities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Depreciation, amortization and accretion
 
 
33.0
 
 
 
233.4
 
 
 
(0.3
)
 
 
266.1
 
 
 
--
 
 
 
--
 
 
 
266.1
 
Equity in income of unconsolidated affiliates
 
 
(594.5
)
 
 
(78.4
)
 
 
663.0
 
 
 
(9.9
)
 
 
(651.5
)
 
 
651.5
 
 
 
(9.9
)
Distributions received from unconsolidated affiliates
 
 
10.0
 
 
 
25.8
 
 
 
(8.8
)
 
 
27.0
 
 
 
531.6
 
 
 
(531.6
)
 
 
27.0
 
Net effect of changes in operating accounts and other operating activities
 
 
(489.4
)
 
 
335.8
 
 
 
(191.4
)
 
 
(345.0
)
 
 
11.5
 
 
 
(0.3
)
 
 
(333.8
)
Net cash flows provided by operating activities
 
 
(390.3
)
 
 
1,184.3
 
 
 
(200.1
)
 
 
593.9
 
 
 
542.9
 
 
 
(531.9
)
 
 
604.9
 
Investing activities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Capital expenditures, net of contributions in aid of construction costs
 
 
(16.0
)
 
 
(952.1
)
 
 
--
 
 
 
(968.1
)
 
 
--
 
 
 
--
 
 
 
(968.1
)
Proceeds from asset sales and insurance recoveries
 
 
976.1
 
 
 
22.1
 
 
 
--
 
 
 
998.2
 
 
 
--
 
 
 
--
 
 
 
998.2
 
Other investing activities
 
 
(38.9
)
 
 
(39.2
)
 
 
12.5
 
 
 
(65.6
)
 
 
(31.8
)
 
 
31.8
 
 
 
(65.6
)
Cash used in investing activities
 
 
921.2
 
 
 
(969.2
)
 
 
12.5
 
 
 
(35.5
)
 
 
(31.8
)
 
 
31.8
 
 
 
(35.5
)
Financing activities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Borrowings under debt agreements
 
 
1,396.6
 
 
 
--
 
 
 
--
 
 
 
1,396.6
 
 
 
--
 
 
 
--
 
 
 
1,396.6
 
Repayments of debt
 
 
(1,290.5
)
 
 
(9.5
)
 
 
--
 
 
 
(1,300.0
)
 
 
--
 
 
 
--
 
 
 
(1,300.0
)
Cash distributions paid to partners
 
 
(531.6
)
 
 
(208.0
)
 
 
208.0
 
 
 
(531.6
)
 
 
(530.4
)
 
 
531.6
 
 
 
(530.4
)
Cash distributions paid to noncontrolling interests
 
 
--
 
 
 
(4.4
)
 
 
(2.2
)
 
 
(6.6
)
 
 
--
 
 
 
--
 
 
 
(6.6
)
Cash contributions from noncontrolling interests
 
 
--
 
 
 
--
 
 
 
4.9
 
 
 
4.9
 
 
 
--
 
 
 
--
 
 
 
4.9
 
Net cash proceeds from issuance of common units
 
 
--
 
 
 
--
 
 
 
--
 
 
 
--
 
 
 
32.8
 
 
 
--
 
 
 
32.8
 
Cash contributions from owners
 
 
31.8
 
 
 
17.3
 
 
 
(17.3
)
 
 
31.8
 
 
 
--
 
 
 
(31.8
)
 
 
--
 
Other financing activities
 
 
(84.6
)
 
 
--
 
 
 
(0.1
)
 
 
(84.7
)
 
 
(13.5
)
 
 
--
 
 
 
(98.2
)
Cash provided by (used in) financing activities
 
 
(478.3
)
 
 
(204.6
)
 
 
193.3
 
 
 
(489.6
)
 
 
(511.1
)
 
 
499.8
 
 
 
(500.9
)
Net change in cash and cash equivalents
 
 
52.6
 
 
 
10.5
 
 
 
5.7
 
 
 
68.8
 
 
 
--
 
 
 
(0.3
)
 
 
68.5
 
Cash and cash equivalents, January 1
 
 
9.7
 
 
 
21.3
 
 
 
(11.2
)
 
 
19.8
 
 
 
--
 
 
 
--
 
 
 
19.8
 
Cash and cash equivalents, March 31
 
$
62.3
 
 
$
31.8
 
 
$
(5.5
)
 
$
88.6
 
 
$
--
 
 
$
(0.3
)
 
$
88.3