Supplemental Financial Statement Information

3 Months Ended

Mar. 31, 2019

Supplemental Financial Statement Information

Supplemental Financial Statement Information

SUPPLEMENTAL FINANCIAL STATEMENT INFORMATION

Following are the financial statements of the Parent Company, which are included to provide additional information with respect to the Parent Company’s financial position, results of operations and cash flows on a stand-alone basis:

BALANCE SHEETS

(unaudited)



	March 31, 2019			December 31, 2018
ASSETS
Current assets:
Cash and cash equivalents	$	13		$	2
Accounts receivable from related companies	—			65
Other current assets	1			1
Total current assets	14			68
Property, plant and equipment, net	23			23
Advances to and investments in unconsolidated affiliates	26,124			26,581
Total assets	$	26,161		$	26,672
LIABILITIES AND PARTNERS’ CAPITAL
Current liabilities:
Accounts payable	$	—		$	2
Accounts payable to related companies	55			65
Interest payable	88			76
Accrued and other current liabilities	1			3
Total current liabilities	144			146
Long-term debt, less current maturities	132			5,519
Long-term notes payable – related companies	5,229			445
Other non-current liabilities	2			3
Commitments and contingencies
Partners’ capital
Limited Partners:
Common Unitholders	20,693			20,606
General Partner	(5		)	(5		)
Accumulated other comprehensive loss	(34		)	(42		)
Total partners’ capital	20,654			20,559
Total liabilities and partners’ capital	$	26,161		$	26,672

STATEMENTS OF OPERATIONS

(unaudited)



	Three Months Ended March 31,
	2019			2018
SELLING, GENERAL AND ADMINISTRATIVE EXPENSE	$	(1	)	$	(2	)
OTHER INCOME (EXPENSE):
Interest expense, net	(63		)	(86		)
Interest expense, net - related company	(21		)	—
Equity in earnings of unconsolidated affiliates	968			448
Other, net	(13		)	3
NET INCOME	870			363
Series A Convertible Preferred Unitholders’ interest in income	—			21
General Partner’s interest in net income	1			1
Limited Partners’ interest in net income	$	869		$	341

STATEMENTS OF CASH FLOWS

(unaudited)



	Three Months Ended March 31,
	2019			2018
NET CASH FLOWS PROVIDED BY OPERATING ACTIVITIES	$	1,412		$	241
INVESTING ACTIVITIES
Sunoco LP Series A Preferred Units redemption	—			300
Net cash provided by investing activities	—			300
FINANCING ACTIVITIES
Proceeds from borrowings	—			54
Principal payments on debt	(1,220		)	(370		)
Proceeds from affiliate	619			41
Distributions to partners	(800		)	(266		)
Net cash used in financing activities	(1,401		)	(541		)
CHANGE IN CASH AND CASH EQUIVALENTS	11			—
CASH AND CASH EQUIVALENTS, beginning of period	2			1
CASH AND CASH EQUIVALENTS, end of period	$	13		$	1