XML 83 R34.htm IDEA: XBRL DOCUMENT v2.4.0.8
Equity and Distributions (Tables)
6 Months Ended
Jun. 30, 2014
Equity and Distributions [Abstract]  
Summary of Changes in Outstanding Units
Partners' equity reflects the various classes of limited partner interests (i.e., common units, including restricted common units) that we have outstanding.  The following table summarizes changes in the number of Enterprise's outstanding units since December 31, 2013:

 
 
Common
Units
(Unrestricted)
  
Restricted
Common
Units
  
Total
Common
Units
 
Number of units outstanding at December 31, 2013
  
932,074,401
   
3,610,607
   
935,685,008
 
Common units issued in connection with at-the-market program
  
795,167
   
--
   
795,167
 
Common units issued in connection with DRIP and EUPP
  
2,519,969
   
--
   
2,519,969
 
Common units issued in connection with the vesting and exercise of unit options
  
507,054
   
--
   
507,054
 
Common units issued in connection with the vesting of phantom unit awards
  
9,171
   
--
   
9,171
 
Common units issued in connection with the vesting of restricted common unit awards
  
1,276,762
   
(1,276,762
)
  
--
 
Forfeiture of restricted common unit awards
  
--
   
(115,250
)
  
(115,250
)
Acquisition and cancellation of treasury units in connection with the vesting of equity-based awards
  
(434,584
)
  
--
   
(434,584
)
Other
  
8,601
   
--
   
8,601
 
Number of units outstanding at June 30, 2014
  
936,756,541
   
2,218,595
   
938,975,136
 
Components of Accumulated Other Comprehensive Income (Loss)
The following tables present the components of accumulated other comprehensive income (loss) as reported on our Unaudited Condensed Consolidated Balance Sheets at the dates indicated:

 
 
Gains (Losses) on Cash Flow Hedges
 
 
 
 
 
 
 
Commodity
Derivative
Instruments
 
 
Interest Rate
Derivative
Instruments
 
 
Other
 
 
Total
 
Balance, December 31, 2013
 
$
(14.7
)
 
$
(347.2
)
 
$
2.9
 
 
$
(359.0
)
Other comprehensive income before reclassifications
 
 
(42.0
)
 
 
--
 
 
 
--
 
 
 
(42.0
)
Amounts reclassified from accumulated other comprehensive loss
 
 
30.9
 
 
 
15.9
 
 
 
--
 
 
 
46.8
 
Total other comprehensive income (loss)
 
 
(11.1
)
 
 
15.9
 
 
 
--
 
 
 
4.8
 
Balance, June 30, 2014
 
$
(25.8
)
 
$
(331.3
)
 
$
2.9
 
 
$
(354.2
)

 
 
Gains (Losses) on Cash Flow Hedges
 
 
 
 
 
 
 
Commodity
Derivative
Instruments
 
 
Interest Rate
Derivative
Instruments
 
 
Other
 
 
Total
 
Balance, December 31, 2012
 
$
10.1
 
 
$
(383.0
)
 
$
2.5
 
 
$
(370.4
)
Other comprehensive income before reclassifications
 
 
(13.5
)
 
 
6.7
 
 
 
0.4
 
 
 
(6.4
)
Amounts reclassified from accumulated other comprehensive loss
 
 
0.1
 
 
 
13.7
 
 
 
--
 
 
 
13.8
 
 Total other comprehensive income (loss)
 
 
(13.4
)
 
 
20.4
 
 
 
0.4
 
 
 
7.4
 
Balance, June 30, 2013
 
$
(3.3
)
 
$
(362.6
)
 
$
2.9
 
 
$
(363.0
)
Reclassification out of Accumulated Other Comprehensive Income (Loss)
The following table presents reclassifications out of accumulated other comprehensive income (loss) into net income during the periods indicated:

 
  
 
For the Three Months
  
For the Six Months
 
 
  
 
Ended June 30,
  
Ended June 30,
 
Location
 
2014
  
2013
  
2014
  
2013
 
Losses (gains) on cash flow hedges:
 
 
  
  
  
 
Interest rate derivatives
Interest expense
 
$
8.0
  
$
7.8
  
$
15.9
  
$
13.7
 
Commodity derivatives
Revenue
  
15.4
   
(7.2
)
  
32.3
   
0.5
 
Commodity derivatives
Operating costs and expenses
  
(0.5
)
  
--
   
(1.4
)
  
(0.4
)
   Total
 
 
$
22.9
  
$
0.6
  
$
46.8
  
$
13.8
 
Declared Quarterly Cash Distribution Rates
The following table presents Enterprise's declared quarterly cash distribution rates per common unit with respect to the quarter indicated:

 
 
Distribution Per
Common Unit
 
Record
Date
Payment
Date
2013:
 
 
 
   
1st Quarter
 
$
0.6700
 
04/30/13
05/07/13
2nd Quarter
 
$
0.6800
 
07/31/13
08/07/13
2014:
    
 
   
1st Quarter
 
$
0.7100
 
04/30/14
05/07/14
2nd Quarter
 
$
0.7200
 
07/31/14
08/07/14