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 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|