XML 34 R27.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Condensed Financial Information of Registrant | 12 Months Ended
--- | ---
Sep. 30, 2013
Condensed Financial Information of Registrant | Schedule I STAR GAS PARTNERS, L.P. (PARENT COMPANY) CONDENSED FINANCIAL INFORMATION OF REGISTRANT
|  | September 30, |
(in thousands) |  | 2013 |  |  | 2012 |
Balance Sheets |  |  |  |  |  |  |  |
ASSETS |  |  |  |  |  |  |  |
Current assets |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 324 |  |  | $ | 317 |
Prepaid expenses and other current assets |  |  | 206 |  |  |  | 268 |
Total current assets |  |  | 530 |  |  |  | 585 |
Investment in subsidiaries (a) |  |  | 384,783 |  |  |  | 387,799 |
Deferred charges and other assets, net |  |  | 2,523 |  |  |  | 2,997 |
Total Assets |  | $ | 387,836 |  |  | $ | 391,381 |
LIABILITIES AND PARTNERS’ CAPITAL |  |  |  |  |  |  |  |
Current liabilities |  |  |  |  |  |  |  |
Accrued expenses |  | $ | 4,095 |  |  | $ | 4,706 |
Total current liabilities |  |  | 4,095 |  |  |  | 4,706 |
Long-term debt (b) |  |  | 124,460 |  |  |  | 124,357 |
Other long-term liabilities |  |  | — |  |  |  | 2,173 |
Partners’ capital |  |  | 259,281 |  |  |  | 260,145 |
Total Liabilities and Partners’ Capital |  | $ | 387,836 |  |  | $ | 391,381 |
(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: 2014—$0; 2015—$0; 2016—$0; 2017—$0; 2018—$125,000; thereafter —$0. The $125,000 8.875% Senior Notes mature in December 2017.
Schedule I STAR GAS PARTNERS, L.P. (PARENT COMPANY) CONDENSED FINANCIAL INFORMATION OF REGISTRANT
|  | Years Ended September 30, |
(in thousands) |  | 2013 |  |  | 2012 |  |  | 2011 |
Statements of Operations |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | — |  |  | $ | — |  |  | $ | — |
General and administrative expenses |  |  | 31 |  |  |  | 2,019 |  |  |  | 2,026 |
Operating loss |  |  | (31 | ) |  |  | (2,019 | ) |  |  | (2,026 | )
Net interest expense |  |  | (11,197 | ) |  |  | (11,188 | ) |  |  | (11,638 | )
Amortization of debt issuance costs |  |  | (474 | ) |  |  | (330 | ) |  |  | (501 | )
Gain (loss) on redemption of debt |  |  | — |  |  |  | — |  |  |  | (1,700 | )
Net loss before equity income |  |  | (11,702 | ) |  |  | (13,537 | ) |  |  | (15,865 | )
Equity income of Star Petro Inc. and subs |  |  | 41,608 |  |  |  | 39,526 |  |  |  | 40,209 |
Net income |  | $ | 29,906 |  |  | $ | 25,989 |  |  | $ | 24,344 |
Schedule I STAR GAS PARTNERS, L.P. (PARENT COMPANY) CONDENSED FINANCIAL INFORMATION OF REGISTRANT
|  | Years Ended September 30, |
(in thousands) |  | 2013 |  |  | 2012 |  |  | 2011 |
Statements of Cash Flows |  |  |  |  |  |  |  |  |  |  |  |
Cash flows provided by (used in) operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Net cash provided by (used in) operating activities (a) |  | $ | 34,537 |  |  | $ | 39,196 |  |  | $ | (4,813 | )
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 | )
Proceeds from the issuance of debt |  |  | — |  |  |  | — |  |  |  | 124,188 |
Debt extinguishment costs |  |  | — |  |  |  | — |  |  |  | (1,409 | )
Distributions |  |  | (19,313 | ) |  |  | (19,525 | ) |  |  | (20,677 | )
Unit repurchase |  |  | (15,217 | ) |  |  | (19,648 | ) |  |  | (10,949 | )
Increase in deferred charges |  |  | — |  |  |  | — |  |  |  | (3,777 | )
Net cash provided by (used in) financing activities |  |  | (34,530 | ) |  |  | (39,173 | ) |  |  | 4,877 |
Net increase in cash |  |  | 7 |  |  |  | 23 |  |  |  | 64 |
Cash and cash equivalents at beginning of period |  |  | 317 |  |  |  | 294 |  |  |  | 230 |
Cash and cash equivalents at end of period |  | $ | 324 |  |  | $ | 317 |  |  | $ | 294 |
(a) Includes distributions from subsidiaries |  | $ | 34,530 |  |  | $ | 39,173 |  |  | $ | 32,579 |

X
- 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 Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 06 -Article 9 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=7656940&loc=d3e5283-111683 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 12 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph c -Article 5 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 05 -Paragraph c -Article 7 + Details
Name: | us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration