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Condensed Consolidating Financial Information (Tables)
6 Months Ended
Jun. 30, 2013
Condensed Consolidating Financial Information [Abstract]  
Condensed Consolidating Financial Information
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
 
 
 
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