Schedule I - Star Gas Partners, L.P. (Parent Company)

12 Months Ended

Sep. 30, 2011

Schedule I - Star Gas Partners, L.P. (Parent Company) [Abstract]

Schedule I - Star Gas Partners, L.P. (Parent Company)

Schedule I

STAR GAS PARTNERS, L.P. (PARENT COMPANY)

CONDENSED FINANCIAL INFORMATION OF REGISTRANT


(in thousands)	Sept. 30, 2011		Sept. 30, 2010
Balance Sheets

ASSETS
Current assets
Cash and cash equivalents	$	294	$	230
Prepaid expenses and other current assets		522		1,039

Total current assets		816		1,269

Investment in subsidiaries (a)		400,048		365,592
Deferred charges and other assets, net		3,328		589

Total Assets	$	404,192	$	367,450

LIABILITIES AND PARTNERS' CAPITAL
Current liabilities
Accrued expenses	$	4,969	$	2,300

Total current liabilities		4,969		2,300

Long-term debt (b)		124,263		82,770
Other long-term liabilities		2,327		2,469
Partners' capital		272,633		279,911

Total Liabilities and Partners' Capital	$	404,192	$	367,450

(a)	Investments in Star Acquisitions, Inc. and subsidiaries are recorded in accordance with the equity method of accounting.

(b)

Scheduled principal repayments of long-term debt during each of the next five fiscal years ending September 30, are as follows: 2012—$0; 2013—$0; 2014—$0; 2015—$0; 2016—$0; thereafter —$125,000 8.875% Senior Notes maturing in December 2017. In December 2010, the 10.25% Senior Notes due February 2013, were redeemed.

STAR GAS PARTNERS, L.P. (PARENT COMPANY)

CONDENSED FINANCIAL INFORMATION OF REGISTRANT


	Years Ended September 30,
(in thousands)	2011			2010			2009
Statements of Operations
Revenues	$	—		$	—		$	—
General and administrative expenses		2,026			2,231			2,592

Operating loss		(2,026	)		(2,231	)		(2,592	)
Net interest expense		(11,638	)		(10,299	)		(14,800	)
Amortization of debt issuance costs		(501	)		(336	)		(444	)
Gain (loss) on redemption of debt		(1,700	)		(1,132	)		9,706

Net loss before equity income		(15,865	)		(13,998	)		(8,130	)
Equity income of Star Petro Inc. and subs		40,209			42,426			139,168

Net income	$	24,344		$	28,428		$	131,038

STAR GAS PARTNERS, L.P. (PARENT COMPANY)

CONDENSED FINANCIAL INFORMATION OF REGISTRANT


	Years Ended September 30,
(in thousands)	2011			2010			2009
Statements of Cash Flows

Cash flows provided by (used in) operating activities:
Net cash provided by (used in) operating activities (a)	$	(4,813	)	$	104,625		$	48,013


Cash flows provided by (used in) investing activities:

Net cash provided by (used in) investing activities		—			—			—


Cash flows provided by (used in) financing activities:
Repayment of debt		(82,499	)		(50,854	)		(30,230	)
Proceeds from the issuance of debt		124,188			—			—
Debt extinguishment costs		(1,409	)		—			—
Distributions		(20,677	)		(20,353	)		(15,411	)
Unit repurchase		(10,949	)		(33,234	)		(2,336	)
Increase in deferred charges		(3,777	)		—			—

Net cash provided by (used in) financing activities		4,877			(104,441	)		(47,977	)

Net increase in cash		64			184			36
Cash and cash equivalents at beginning of period		230			46			10

Cash and cash equivalents at end of period	$	294		$	230		$	46



(a) Includes distributions from subsidiaries	$	32,579		$	117,310		$	65,164

- Definition

The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document.

+ References+ Details