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Condensed Consolidating Financial Information
6 Months Ended
Jun. 30, 2013
Condensed Consolidating Financial Information [Abstract]  
Condensed Consolidating Financial Information
Note 17.  Condensed Consolidating Financial Information

EPO conducts substantially all of our business. Currently, we have no independent operations and no material assets outside those of EPO.  Enterprise Products Partners L.P. directly or indirectly owns 100% of EPO.

EPO has issued publicly traded debt securities.  Enterprise Products Partners L.P., as the parent company of EPO, guarantees the debt obligations of EPO, with the exception of the remaining debt obligations of TEPPCO.  If EPO were to default on any of its guaranteed debt, Enterprise Products Partners L.P. would be responsible for full and unconditional repayment of that obligation.  EPO's consolidated subsidiaries have no significant restrictions on their ability to pay distributions or make loans to Enterprise Products Partners L.P.  See Note 9 for additional information regarding our consolidated debt obligations.
 
 
Enterprise Products Partners L.P.
Unaudited Condensed Consolidating Balance Sheet
June 30, 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
 
$
39.6
 
 
$
42.5
 
 
$
(10.5
)
 
$
71.6
 
 
$
--
 
 
$
--
 
 
$
71.6
 
   Accounts receivable – trade, net
 
 
1,406.1
 
 
 
3,247.5
 
 
 
(2.1
)
 
 
4,651.5
 
 
 
--
 
 
 
--
 
 
 
4,651.5
 
   Accounts receivable – related parties
 
 
292.7
 
 
 
1,375.8
 
 
 
(1,619.7
)
 
 
48.8
 
 
 
--
 
 
 
(29.0
)
 
 
19.8
 
Inventories
 
 
1,170.2
 
 
 
242.2
 
 
 
(1.0
)
 
 
1,411.4
 
 
 
--
 
 
 
--
 
 
 
1,411.4
 
   Prepaid and other current assets
 
 
240.0
 
 
 
202.8
 
 
 
(17.4
)
 
 
425.4
 
 
 
0.3
 
 
 
--
 
 
 
425.7
 
Total current assets
 
 
3,148.6
 
 
 
5,110.8
 
 
 
(1,650.7
)
 
 
6,608.7
 
 
 
0.3
 
 
 
(29.0
)
 
 
6,580.0
 
Property, plant and equipment, net
 
 
1,719.3
 
 
 
23,844.8
 
 
 
2.0
 
 
 
25,566.1
 
 
 
--
 
 
 
--
 
 
 
25,566.1
 
Investments in unconsolidated affiliates
 
 
29,590.0
 
 
 
2,459.1
 
 
 
(30,110.3
)
 
 
1,938.8
 
 
 
14,185.1
 
 
 
(14,185.1
)
 
 
1,938.8
 
Intangible assets, net
 
 
77.7
 
 
 
1,435.5
 
 
 
--
 
 
 
1,513.2
 
 
 
--
 
 
 
--
 
 
 
1,513.2
 
Goodwill
 
 
458.9
 
 
 
1,621.1
 
 
 
--
 
 
 
2,080.0
 
 
 
--
 
 
 
--
 
 
 
2,080.0
 
Other assets
 
 
130.0
 
 
 
74.8
 
 
 
(6.1
)
 
 
198.7
 
 
 
0.1
 
 
 
--
 
 
 
198.8
 
Total assets
 
$
35,124.5
 
 
$
34,546.1
 
 
$
(31,765.1
)
 
$
37,905.5
 
 
$
14,185.5
 
 
$
(14,214.1
)
 
$
37,876.9
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
LIABILITIES AND EQUITY
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Current liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Current maturities of debt
 
$
540.0
 
 
$
--
 
 
$
--
 
 
$
540.0
 
 
$
--
 
 
$
--
 
 
$
540.0
 
Accounts payable – trade
 
 
230.4
 
 
 
557.5
 
 
 
(10.5
)
 
 
777.4
 
 
 
--
 
 
 
--
 
 
 
777.4
 
   Accounts payable – related parties
 
 
1,578.1
 
 
 
182.9
 
 
 
(1,619.6
)
 
 
141.4
 
 
 
29.6
 
 
 
(29.0
)
 
 
142.0
 
Accrued product payables
 
 
1,778.3
 
 
 
2,995.3
 
 
 
(3.2
)
 
 
4,770.4
 
 
 
--
 
 
 
--
 
 
 
4,770.4
 
Accrued interest
 
 
303.5
 
 
 
0.1
 
 
 
--
 
 
 
303.6
 
 
 
--
 
 
 
--
 
 
 
303.6
 
Other current liabilities
 
 
71.1
 
 
 
286.3
 
 
 
(17.4
)
 
 
340.0
 
 
 
--
 
 
 
(0.3
)
 
 
339.7
 
Total current liabilities
 
 
4,501.4
 
 
 
4,022.1
 
 
 
(1,650.7
)
 
 
6,872.8
 
 
 
29.6
 
 
 
(29.3
)
 
 
6,873.1
 
Long-term debt
 
 
16,414.7
 
 
 
14.9
 
 
 
--
 
 
 
16,429.6
 
 
 
--
 
 
 
--
 
 
 
16,429.6
 
Deferred tax liabilities
 
 
25.6
 
 
 
16.8
 
 
 
(6.1
)
 
 
36.3
 
 
 
--
 
 
 
0.9
 
 
 
37.2
 
Other long-term liabilities
 
 
10.0
 
 
 
174.2
 
 
 
--
 
 
 
184.2
 
 
 
--
 
 
 
--
 
 
 
184.2
 
Commitments and contingencies
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Equity:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Partners' and other owners' equity
 
 
14,172.8
 
 
 
30,244.8
 
 
 
(30,257.5
)
 
 
14,160.1
 
 
 
14,155.9
 
 
 
(14,160.1
)
 
 
14,155.9
 
Noncontrolling interests
 
 
--
 
 
 
73.3
 
 
 
149.2
 
 
 
222.5
 
 
 
--
 
 
 
(25.6
)
 
 
196.9
 
Total equity
 
 
14, 172.8
 
 
 
30,318.1
 
 
 
(30,108.3
)
 
 
14,382.6
 
 
 
14,155.9
 
 
 
(14,185.7
)
 
 
14,352.8
 
Total liabilities and equity
 
$
35,124.5
 
 
$
34,546.1
 
 
$
(31,765.1
)
 
$
37,905.5
 
 
$
14,185.5
 
 
$
(14,214.1
)
 
$
37,876.9
 
 
 
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 June 30, 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
 
$
6,491.0
 
 
$
8,015.7
 
 
$
(3,357.4
)
 
$
11,149.3
 
 
$
--
 
 
$
--
 
 
$
11,149.3
 
Costs and expenses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Operating costs and expenses
 
 
6,326.6
 
 
 
7,398.1
 
 
 
(3,357.5
)
 
 
10,367.2
 
 
 
--
 
 
 
--
 
 
 
10,367.2
 
   General and administrative costs
 
 
7.4
 
 
 
37.4
 
 
 
--
 
 
 
44.8
 
 
 
0.7
 
 
 
--
 
 
 
45.5
 
Total costs and expenses
 
 
6,334.0
 
 
 
7,435.5
 
 
 
(3,357.5
)
 
 
10,412.0
 
 
 
0.7
 
 
 
--
 
 
 
10,412.7
 
Equity in income of unconsolidated affiliates
 
 
612.3
 
 
 
42.9
 
 
 
(617.6
)
 
 
37.6
 
 
 
553.2
 
 
 
(553.2
)
 
 
37.6
 
Operating income
 
 
769.3
 
 
 
623.1
 
 
 
(617.5
)
 
 
774.9
 
 
 
552.5
 
 
 
(553.2
)
 
 
774.2
 
Other income (expense):
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Interest expense
 
 
(199.7
)
 
 
(0.5
)
 
 
--
 
 
 
(200.2
)
 
 
--
 
 
 
--
 
 
 
(200.2
)
   Other, net
 
 
0.1
 
 
 
(0.4
)
 
 
--
 
 
 
(0.3
)
 
 
--
 
 
 
--
 
 
 
(0.3
)
Total other expense, net
 
 
(199.6
)
 
 
(0.9
)
 
 
--
 
 
 
(200.5
)
 
 
--
 
 
 
--
 
 
 
(200.5
)
Income before income taxes
 
 
569.7
 
 
 
622.2
 
 
 
(617.5
)
 
 
574.4
 
 
 
552.5
 
 
 
(553.2
)
 
 
573.7
 
Provision for income taxes
 
 
(17.5
)
 
 
(2.9
)
 
 
--
 
 
 
(20.4
)
 
 
--
 
 
 
--
 
 
 
(20.4
)
Net income
 
 
552.2
 
 
 
619.3
 
 
 
(617.5
)
 
 
554.0
 
 
 
552.5
 
 
 
(553.2
)
 
 
553.3
 
Net income attributable to noncontrolling interests
 
 
--
 
 
 
(0.4
)
 
 
(1.3
)
 
 
(1.7
)
 
 
--
 
 
 
0.9
 
 
 
(0.8
)
Net income attributable to entity
 
$
552.2
 
 
$
618.9
 
 
$
(618.8
)
 
$
552.3
 
 
$
552.5
 
 
$
(552.3
)
 
$
552.5
 
 
 
Enterprise Products Partners L.P.
Unaudited Condensed Consolidating Statement of Operations
Three Months Ended June 30, 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
 
$
6,033.6
 
 
$
6,696.0
 
 
$
(2,939.8
)
 
$
9,789.8
 
 
$
--
 
 
$
--
 
 
$
9,789.8
 
Costs and expenses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Operating costs and expenses
 
 
5,864.4
 
 
 
6,083.0
 
 
 
(2,937.9
)
 
 
9,009.5
 
 
 
--
 
 
 
--
 
 
 
9,009.5
 
   General and administrative costs
 
 
9.1
 
 
 
32.6
 
 
 
--
 
 
 
41.7
 
 
 
0.8
 
 
 
--
 
 
 
42.5
 
Total costs and expenses
 
 
5,873.5
 
 
 
6,115.6
 
 
 
(2,937.9
)
 
 
9,051.2
 
 
 
0.8
 
 
 
--
 
 
 
9,052.0
 
Equity in income of unconsolidated affiliates
 
 
598.8
 
 
 
(51.0
)
 
 
(536.5
)
 
 
11.3
 
 
 
567.1
 
 
 
(567.1
)
 
 
11.3
 
Operating income
 
 
758.9
 
 
 
529.4
 
 
 
(538.4
)
 
 
749.9
 
 
 
566.3
 
 
 
(567.1
)
 
 
749.1
 
Other income (expense):
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  Interest expense
 
 
(185.7
)
 
 
(0.9
)
 
 
--
 
 
 
(186.6
)
 
 
--
 
 
 
--
 
 
 
(186.6
)
  Other, net
 
 
--
 
 
 
13.2
 
 
 
--
 
 
 
13.2
 
 
 
--
 
 
 
--
 
 
 
13.2
 
Total other expense, net
 
 
(185.7
)
 
 
12.3
 
 
 
--
 
 
 
(173.4
)
 
 
--
 
 
 
--
 
 
 
(173.4
)
Income before income taxes
 
 
573.2
 
 
 
541.7
 
 
 
(538.4
)
 
 
576.5
 
 
 
566.3
 
 
 
(567.1
)
 
 
575.7
 
Provision for income taxes
 
 
(4.6
)
 
 
(3.7
)
 
 
--
 
 
 
(8.3
)
 
 
--
 
 
 
(0.2
)
 
 
(8.5
)
Net income
 
 
568.6
 
 
 
538.0
 
 
 
(538.4
)
 
 
568.2
 
 
 
566.3
 
 
 
(567.3
)
 
 
567.2
 
Net loss (income) attributable to noncontrolling interests
 
 
--
 
 
 
40.2
 
 
 
(41.7
)
 
 
(1.5
)
 
 
--
 
 
 
0.6
 
 
 
(0.9
)
Net income attributable to entity
 
$
568.6
 
 
$
578.2
 
 
$
(580.1
)
 
$
566.7
 
 
$
566.3
 
 
$
(566.7
)
 
$
566.3
 
 
 
Enterprise Products Partners L.P.
Unaudited Condensed Consolidating Statement of Operations
Six Months Ended June 30, 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
 
$
13,846.5
 
 
$
15,456.1
 
 
$
(6,770.2
)
 
$
22,532.4
 
 
$
--
 
 
$
--
 
 
$
22,532.4
 
Costs and expenses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Operating costs and expenses
 
 
13,470.5
 
 
 
14,087.3
 
 
 
(6,770.2
)
 
 
20,787.6
 
 
 
--
 
 
 
--
 
 
 
20,787.6
 
   General and administrative costs
 
 
12.1
 
 
 
82.0
 
 
 
--
 
 
 
94.1
 
 
 
0.9
 
 
 
--
 
 
 
95.0
 
Total costs and expenses
 
 
13,482.6
 
 
 
14,169.3
 
 
 
(6,770.2
)
 
 
20,881.7
 
 
 
0.9
 
 
 
--
 
 
 
20,882.6
 
Equity in income of unconsolidated affiliates
 
 
1,359.0
 
 
 
94.1
 
 
 
(1,371.0
)
 
 
82.1
 
 
 
1,306.9
 
 
 
(1,306.9
)
 
 
82.1
 
Operating income
 
 
1,722.9
 
 
 
1,380.9
 
 
 
(1,371.0
)
 
 
1,732.8
 
 
 
1,306.0
 
 
 
(1,306.9
)
 
 
1,731.9
 
Other income (expense):
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  Interest expense
 
 
(395.0
)
 
 
(1.1
)
 
 
--
 
 
 
(396.1
)
 
 
--
 
 
 
--
 
 
 
(396.1
)
  Other, net
 
 
0.2
 
 
 
(0.6
)
 
 
--
 
 
 
(0.4
)
 
 
--
 
 
 
--
 
 
 
(0.4
)
Total other expense, net
 
 
(394.8
)
 
 
(1.7
)
 
 
--
 
 
 
(396.5
)
 
 
--
 
 
 
--
 
 
 
(396.5
)
Income before income taxes
 
 
1,328.1
 
 
 
1,379.2
 
 
 
(1,371.0
)
 
 
1,336.3
 
 
 
1,306.0
 
 
 
(1,306.9
)
 
 
1,335.4
 
Provision for income taxes
 
 
(22.6
)
 
 
(3.9
)
 
 
--
 
 
 
(26.5
)
 
 
--
 
 
 
(0.3
)
 
 
(26.8
)
Net income
 
 
1,305.5
 
 
 
1,375.3
 
 
 
(1,371.0
)
 
 
1,309.8
 
 
 
1,306.0
 
 
 
(1,307.2
)
 
 
1,308.6
 
Net income attributable to noncontrolling interests
 
 
--
 
 
 
(0.9
)
 
 
(3.3
)
 
 
(4.2
)
 
 
--
 
 
 
1.6
 
 
 
(2.6
)
Net income attributable to entity
 
$
1,305.5
 
 
$
1,374.4
 
 
$
(1,374.3
)
 
$
1,305.6
 
 
$
1,306.0
 
 
$
(1,305.6
)
 
$
1,306.0
 
 
 
Enterprise Products Partners L.P.
Unaudited Condensed Consolidating Statement of Operations
Six Months Ended June 30, 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
 
$
13,673.4
 
 
$
13,854.5
 
 
$
(6,485.6
)
 
$
21,042.3
 
 
$
--
 
 
$
--
 
 
$
21,042.3
 
Costs and expenses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Operating costs and expenses
 
 
13,274.2
 
 
 
12,686.6
 
 
 
(6,484.1
)
 
 
19,476.7
 
 
 
--
 
 
 
--
 
 
 
19,476.7
 
   General and administrative costs
 
 
24.5
 
 
 
63.3
 
 
 
--
 
 
 
87.8
 
 
 
1.0
 
 
 
--
 
 
 
88.8
 
Total costs and expenses
 
 
13,298.7
 
 
 
12,749.9
 
 
 
(6,484.1
)
 
 
19,564.5
 
 
 
1.0
 
 
 
--
 
 
 
19,565.5
 
Equity in income of unconsolidated affiliates
 
 
1,193.3
 
 
 
27.4
 
 
 
(1,199.5
)
 
 
21.2
 
 
 
1,218.6
 
 
 
(1,218.6
)
 
 
21.2
 
Operating income
 
 
1,568.0
 
 
 
1,132.0
 
 
 
(1,201.0
)
 
 
1,499.0
 
 
 
1,217.6
 
 
 
(1,218.6
)
 
 
1,498.0
 
Other income (expense):
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  Interest expense
 
 
(371.3
)
 
 
(1.8
)
 
 
--
 
 
 
(373.1
)
 
 
--
 
 
 
--
 
 
 
(373.1
)
  Other, net
 
 
0.1
 
 
 
71.8
 
 
 
--
 
 
 
71.9
 
 
 
--
 
 
 
--
 
 
 
71.9
 
Total other expense, net
 
 
(371.2
)
 
 
70.0
 
 
 
--
 
 
 
(301.2
)
 
 
--
 
 
 
--
 
 
 
(301.2
)
Income before income taxes
 
 
1,196.8
 
 
 
1,202.0
 
 
 
(1,201.0
)
 
 
1,197.8
 
 
 
1,217.6
 
 
 
(1,218.6
)
 
 
1,196.8
 
Benefit from income taxes
 
 
22.4
 
 
 
3.7
 
 
 
--
 
 
 
26.1
 
 
 
--
 
 
 
(0.2
)
 
 
25.9
 
Net income
 
 
1,219.2
 
 
 
1,205.7
 
 
 
(1,201.0
)
 
 
1,223.9
 
 
 
1,217.6
 
 
 
(1,218.8
)
 
 
1,222.7
 
Net income attributable to noncontrolling interests
 
 
--
 
 
 
(4.2
)
 
 
(2.0
)
 
 
(6.2
)
 
 
--
 
 
 
1.1
 
 
 
(5.1
)
Net income attributable to entity
 
$
1,219.2
 
 
$
1,201.5
 
 
$
(1,203.0
)
 
$
1,217.7
 
 
$
1,217.6
 
 
$
(1,217.7
)
 
$
1,217.6
 
 
 
Enterprise Products Partners L.P.
Unaudited Condensed Consolidating Statement of Comprehensive Income
Three Months Ended June 30, 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
 
$
575.1
 
 
$
631.6
 
 
$
(617.6
)
 
$
589.1
 
 
$
587.6
 
 
$
(588.3
)
 
$
588.4
 
Comprehensive income attributable to noncontrolling interests
 
 
--
 
 
 
(0.4
)
 
 
(1.3
)
 
 
(1.7
)
 
 
--
 
 
 
0.9
 
 
 
(0.8
)
Comprehensive income attributable to entity
 
$
575.1
 
 
$
631.2
 
 
$
(618.9
)
 
$
587.4
 
 
$
587.6
 
 
$
(587.4
)
 
$
587.6
 
 
 
Enterprise Products Partners L.P.
Unaudited Condensed Consolidating Statement of Comprehensive Income
Three Months Ended June 30, 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
 
$
503.8
 
 
$
625.9
 
 
$
(538.4
)
 
$
591.3
 
 
$
589.4
 
 
$
(590.4
)
 
$
590.3
 
Comprehensive loss (income) attributable to noncontrolling interests
 
 
--
 
 
 
40.2
 
 
 
(41.7
)
 
 
(1.5
)
 
 
--
 
 
 
0.6
 
 
 
(0.9
)
Comprehensive income attributable to entity
 
$
503.8
 
 
$
666.1
 
 
$
(580.1
)
 
$
589.8
 
 
$
589.4
 
 
$
(589.8
)
 
$
589.4
 

 
Enterprise Products Partners L.P.
Unaudited Condensed Consolidating Statement of Comprehensive Income
Six Months Ended June 30, 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
 
$
1,328.1
 
 
$
1,360.0
 
 
$
(1,371.0
)
 
$
1,317.1
 
 
$
1,313.4
 
 
$
(1,314.5
)
 
$
1,316.0
 
Comprehensive income attributable to noncontrolling interests
 
 
--
 
 
 
(0.9
)
 
 
(3.3
)
 
 
(4.2
)
 
 
--
 
 
 
1.6
 
 
 
(2.6
)
Comprehensive income attributable to entity
 
$
1,328.1
 
 
$
1,359.1
 
 
$
(1,374.3
)
 
$
1,312.9
 
 
$
1,313.4
 
 
$
(1,312.9
)
 
$
1,313.4
 
 
 
Enterprise Products Partners L.P.
Unaudited Condensed Consolidating Statement of Comprehensive Income
Six Months Ended June 30, 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
 
$
1,183.6
 
 
$
1,274.0
 
 
$
(1,201.0
)
 
$
1,256.6
 
 
$
1,250.3
 
 
$
(1,251.5
)
 
$
1,255.4
 
Comprehensive income attributable to noncontrolling interests
 
 
--
 
 
 
(4.2
)
 
 
(2.0
)
 
 
(6.2
)
 
 
--
 
 
 
1.1
 
 
 
(5.1
)
Comprehensive income attributable to entity
 
$
1,183.6
 
 
$
1,269.8
 
 
$
(1,203.0
)
 
$
1,250.4
 
 
$
1,250.3
 
 
$
(1,250.4
)
 
$
1,250.3
 
 
 
Enterprise Products Partners L.P.
Unaudited Condensed Consolidating Statement of Cash Flows
Six Months Ended June 30, 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
 
$
1,305.5
 
 
$
1,375.3
 
 
$
(1,371.0
)
 
$
1,309.8
 
 
$
1,306.0
 
 
$
(1,307.2
)
 
$
1,308.6
 
Reconciliation of net income to net cash flows provided by operating activities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Depreciation, amortization and accretion
 
 
69.8
 
 
 
530.0
 
 
 
--
 
 
 
599.8
 
 
 
--
 
 
 
--
 
 
 
599.8
 
   Equity in income of unconsolidated affiliates
 
 
(1,359.0
)
 
 
(94.1
)
 
 
1,371.0
 
 
 
(82.1
)
 
 
(1,306.9
)
 
 
1,306.9
 
 
 
(82.1
)
   Distributions received from unconsolidated affiliates
 
 
2,432.2
 
 
 
116.8
 
 
 
(2,429.7
)
 
 
119.3
 
 
 
1,195.6
 
 
 
(1,195.6
)
 
 
119.3
 
   Net effect of changes in operating accounts and other operating activities
 
 
(744.5
)
 
 
337.1
 
 
 
1.5
 
 
 
(405.9
)
 
 
21.6
 
 
 
(30.4
)
 
 
(414.7
)
Net cash flows provided by operating activities
 
 
1,704.0
 
 
 
2,265.1
 
 
 
(2,428.2
)
 
 
1,540.9
 
 
 
1,216.3
 
 
 
(1,226.3
)
 
 
1,530.9
 
Investing activities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Capital expenditures, net of contributions in aid of construction costs
 
 
(129.3
)
 
 
(1,303.1
)
 
 
--
 
 
 
(1,432.4
)
 
 
--
 
 
 
--
 
 
 
(1,432.4
)
   Proceeds from asset sales and insurance recoveries
 
 
12.6
 
 
 
186.6
 
 
 
--
 
 
 
199.2
 
 
 
--
 
 
 
--
 
 
 
199.2
 
   Other investing activities
 
 
(1,798.7
)
 
 
(361.1
)
 
 
1,590.4
 
 
 
(569.4
)
 
 
(835.8
)
 
 
835.8
 
 
 
(569.4
)
Cash used in investing activities
 
 
(1,915.4
)
 
 
(1,477.6
)
 
 
1,590.4
 
 
 
(1,802.6
)
 
 
(835.8
)
 
 
835.8
 
 
 
(1,802.6
)
Financing activities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Borrowings under debt agreements
 
 
7,064.5
 
 
 
--
 
 
 
--
 
 
 
7,064.5
 
 
 
--
 
 
 
--
 
 
 
7,064.5
 
   Repayments of debt
 
 
(6,251.7
)
 
 
(29.9
)
 
 
--
 
 
 
(6,281.6
)
 
 
--
 
 
 
--
 
 
 
(6,281.6
)
   Cash distributions paid to partners
 
 
(1,226.3
)
 
 
(2,434.4
)
 
 
2,434.4
 
 
 
(1,226.3
)
 
 
(1,171.9
)
 
 
1,226.3
 
 
 
(1,171.9
)
   Cash distributions paid to noncontrolling interests
 
 
--
 
 
 
--
 
 
 
(4.7
)
 
 
(4.7
)
 
 
--
 
 
 
--
 
 
 
(4.7
)
   Cash contributions from noncontrolling interests
 
 
--
 
 
 
--
 
 
 
95.9
 
 
 
95.9
 
 
 
--
 
 
 
--
 
 
 
95.9
 
   Net cash proceeds from issuance of common units
 
 
--
 
 
 
--
 
 
 
--
 
 
 
--
 
 
 
835.4
 
 
 
--
 
 
 
835.4
 
   Cash contributions from owners
 
 
835.8
 
 
 
1,686.2
 
 
 
(1,686.2
)
 
 
835.8
 
 
 
--
 
 
 
(835.8
)
 
 
--
 
   Other financing activities
 
 
(192.6
)
 
 
0.1
 
 
 
--
 
 
 
(192.5
)
 
 
(44.2
)
 
 
--
 
 
 
(236.7
)
Cash provided by (used in) financing activities
 
 
229.7
 
 
 
(778.0
)
 
 
839.4
 
 
 
291.1
 
 
 
(380.7
)
 
 
390.5
 
 
 
300.9
 
Net change in cash and cash equivalents
 
 
18.3
 
 
 
9.5
 
 
 
1.6
 
 
 
29.4
 
 
 
(0.2
)
 
 
--
 
 
 
29.2
 
Cash and cash equivalents, January 1
 
 
--
 
 
 
28.0
 
 
 
(12.1
)
 
 
15.9
 
 
 
0.2
 
 
 
--
 
 
 
16.1
 
Cash and cash equivalents, June 30
 
$
18.3
 
 
$
37.5
 
 
$
(10.5
)
 
$
45.3
 
 
$
--
 
 
$
--
 
 
$
45.3
 
 
 
Enterprise Products Partners L.P.
Unaudited Condensed Consolidating Statement of Cash Flows
Six Months Ended June 30, 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
 
$
1,219.2
 
 
$
1,205.7
 
 
$
(1,201.0
)
 
$
1,223.9
 
 
$
1,217.6
 
 
$
(1,218.8
)
 
$
1,222.7
 
Reconciliation of net income to net cash flows provided by operating activities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Depreciation, amortization and accretion
 
 
66.4
 
 
 
472.0
 
 
 
(0.7
)
 
 
537.7
 
 
 
--
 
 
 
--
 
 
 
537.7
 
   Equity in income of unconsolidated affiliates
 
 
(1,193.3
)
 
 
(27.4
)
 
 
1,199.5
 
 
 
(21.2
)
 
 
(1,218.6
)
 
 
1,218.6
 
 
 
(21.2
)
       Distributions received from unconsolidated affiliates
 
 
1,589.2
 
 
 
40.0
 
 
 
(1,578.7
)
 
 
50.5
 
 
 
1,082.4
 
 
 
(1,082.4
)
 
 
50.5
 
   Net effect of changes in operating accounts and other operating activities
 
 
(1,148.6
)
 
 
722.3
 
 
 
(34.5
)
 
 
(460.8
)
 
 
9.2
 
 
 
0.2
 
 
 
(451.4
)
Net cash flows provided by operating activities
 
 
532.9
 
 
 
2,412.6
 
 
 
(1,615.4
)
 
 
1,330.1
 
 
 
1,090.6
 
 
 
(1,082.4
)
 
 
1,338.3
 
Investing activities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Capital expenditures, net of contributions in aid of construction costs
 
 
(83.5
)
 
 
(1,719.6
)
 
 
--
 
 
 
(1,803.1
)
 
 
--
 
 
 
--
 
 
 
(1,803.1
)
   Proceeds from asset sales and insurance recoveries
 
 
1,104.8
 
 
 
51.9
 
 
 
--
 
 
 
1,156.7
 
 
 
--
 
 
 
--
 
 
 
1,156.7
 
   Other investing activities
 
 
(961.9
)
 
 
(81.9
)
 
 
940.4
 
 
 
(103.4
)
 
 
(60.4
)
 
 
60.4
 
 
 
(103.4
)
Cash provided by (used in) investing activities
 
 
59.4
 
 
 
(1,749.6
)
 
 
940.4
 
 
 
(749.8
)
 
 
(60.4
)
 
 
60.4
 
 
 
(749.8
)
Financing activities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Borrowings under debt agreements
 
 
2,414.6
 
 
 
--
 
 
 
--
 
 
 
2,414.6
 
 
 
--
 
 
 
--
 
 
 
2,414.6
 
   Repayments of debt
 
 
(1,881.5
)
 
 
(9.5
)
 
 
--
 
 
 
(1,891.0
)
 
 
--
 
 
 
--
 
 
 
(1,891.0
)
   Cash distributions paid to partners
 
 
(1,082.4
)
 
 
(1,586.9
)
 
 
1,586.9
 
 
 
(1,082.4
)
 
 
(1,068.6
)
 
 
1,082.4
 
 
 
(1,068.6
)
   Cash distributions paid to noncontrolling interests
 
 
--
 
 
 
--
 
 
 
(8.1
)
 
 
(8.1
)
 
 
--
 
 
 
--
 
 
 
(8.1
)
   Cash contributions from noncontrolling interests
 
 
--
 
 
 
--
 
 
 
5.9
 
 
 
5.9
 
 
 
--
 
 
 
--
 
 
 
5.9
 
   Net cash proceeds from issuance of common units
 
 
--
 
 
 
--
 
 
 
--
 
 
 
--
 
 
 
61.5
 
 
 
--
 
 
 
61.5
 
   Cash contributions from owners
 
 
60.4
 
 
 
946.4
 
 
 
(946.4
)
 
 
60.4
 
 
 
--
 
 
 
(60.4
)
 
 
--
 
   Other financing activities
 
 
(85.0
)
 
 
--
 
 
 
--
 
 
 
(85.0
)
 
 
(23.1
)
 
 
--
 
 
 
(108.1
)
   Cash used in financing activities
 
 
(573.9
)
 
 
(650.0
)
 
 
638.3
 
 
 
(585.6
)
 
 
(1,030.2
)
 
 
1,022.0
 
 
 
(593.8
)
Net change in cash and cash equivalents
 
 
18.4
 
 
 
13.0
 
 
 
(36.7
)
 
 
(5.3
)
 
 
--
 
 
 
--
 
 
 
(5.3
)
Cash and cash equivalents, January 1
 
 
9.7
 
 
 
21.3
 
 
 
(11.2
)
 
 
19.8
 
 
 
--
 
 
 
--
 
 
 
19.8
 
Cash and cash equivalents, June 30
 
$
28.1
 
 
$
34.3
 
 
$
(47.9
)
 
$
14.5
 
 
$
--
 
 
$
--
 
 
$
14.5