Business Acquisitions (Tables)

9 Months Ended

Sep. 30, 2015

Allocation of Total Purchase Prices Paid in Connection with Business Combinations

The following table summarizes the consideration paid in the EFS Midstream acquisition and the amounts of the assets acquired and liabilities assumed as of July 1, 2015:

Consideration:
Cash	$	1,058.5
Accrued liability related to EFS Midstream acquisition		997.7
Total consideration	$	2,056.2

Identifiable assets acquired in business combination:
Current assets, including cash of $13.4 million	$	64.0
Property, plant and equipment		636.0
Customer relationship intangible assets		1,409.8
Total assets acquired		2,109.8
Liabilities assumed in business combination:
Current liabilities		(9.6	)
Long-term debt		(125.0	)
Other long-term liabilities		(1.3	)
Total liabilities assumed		(135.9	)
Total assets acquired less liabilities assumed		1,973.9
Total consideration given for EFS Midstream		2,056.2
Goodwill	$	82.3

Unaudited Pro Forma Earnings Information

Since the effective date of the EFS Midstream acquisition was July 1, 2015, our Unaudited Condensed Statements of Consolidated Operations do not include earnings from this business prior to this date. The following table presents selected unaudited pro forma earnings information for the nine months ended September 30, 2015 and 2014 as if the acquisition had been completed on January 1, 2014. This pro forma information was prepared using historical financial data for EFS Midstream and reflects certain estimates and assumptions made by our management. Our unaudited pro forma financial information is not necessarily indicative of what our consolidated financial results would have been for the periods presented had we acquired EFS Midstream on January 1, 2014.

	For the Three Months Ended September 30, 2014		For the Nine Months Ended September 30,
	For the Three Months Ended September 30, 2014		2015		2014
Pro forma earnings data:
Revenues	$	12,388.7	$	20,993.5	$	37,927.5
Costs and expenses		11,502.6		18,645.5		35,195.2
Operating income		958.4		2,650.5		2,911.4
Net income		715.3		1,900.9		2,195.5
Net income attributable to noncontrolling interests		8.1		28.5		24.8
Net income attributable to limited partners		707.2		1,872.4		2,170.7

Basic earnings per unit:
As reported basic earnings per unit	$	0.38	$	0.94	$	1.16
Pro forma basic earnings per unit	$	0.38	$	0.96	$	1.18
Diluted earnings per unit:
As reported diluted earnings per unit	$	0.37	$	0.92	$	1.13
Pro forma diluted earnings per unit	$	0.38	$	0.94	$	1.15