Note 18. Condensed Consolidating Financial Information

EPO conducts all of our business. Currently, we have no independent operations and no material assets outside those of EPO and its subsidiaries.

EPO has issued publicly traded debt securities (see Note 10). Enterprise Products Partners L.P., as the parent company of EPO, guarantees the debt obligations of EPO, with the exception of the remaining debt obligations of TEPPCO. If EPO were to default on any of its guaranteed debt, then Enterprise Products Partners L.P. would be responsible for full repayment of that obligation. EPO's consolidated subsidiaries have no significant restrictions on their ability to pay distributions or make loans to Enterprise Products Partners L.P.

Enterprise Products Partners L.P.

Unaudited Condensed Consolidating Balance Sheet

September 30, 2011

	EPO and Subsidiaries
	Subsidiary Issuer (EPO)		Other Subsidiaries (Non-guarantor)		EPO and Subsidiaries Eliminations and Adjustments			Consolidated EPO and Subsidiaries		Enterprise Products Partners L.P. (Guarantor)			Eliminations and Adjustments			Consolidated Total
ASSETS
Current assets:
Cash and cash equivalents and restricted cash	$	91.8	$	44.0	$	(28.1	)	$	107.7	$	--		$	--		$	107.7
Accounts receivable – trade, net		1,643.5		2,367.3		(2.4	)		4,008.4		--			--			4,008.4
Accounts receivable – related parties		110.7		2,001.1		(2,074.0	)		37.8		(0.3	)		--			37.5
Inventories		1,165.5		226.6		(2.8	)		1,389.3		--			--			1,389.3
Assets held for sale		--		455.1		--			455.1		--			--			455.1
Prepaid and other current assets		241.3		129.1		(20.1	)		350.3		0.1			--			350.4
Total current assets		3,252.8		5,223.2		(2,127.4	)		6,348.6		(0.2	)		--			6,348.4
Property, plant and equipment, net		1,512.5		19,885.3		(9.7	)		21,388.1		--			--			21,388.1
Investments in unconsolidated affiliates		26,365.9		8,053.9		(32,511.3	)		1,908.5		11,439.0			(11,439.0	)		1,908.5
Intangible assets, net		145.7		1,554.7		(13.8	)		1,686.6		--			--			1,686.6
Goodwill		458.9		1,633.4		--			2,092.3		--			--			2,092.3
Other assets		272.6		154.5		(126.6	)		300.5		--			--			300.5
Total assets	$	32,008.4	$	36,505.0	$	(34,788.8	)	$	33,724.6	$	11,438.8		$	(11,439.0	)	$	33,724.4

LIABILITIES AND EQUITY
Current liabilities:
Current maturities of debt	$	990.5	$	9.5	$	--		$	1,000.0	$	--		$	--		$	1,000.0
Accounts payable – trade		240.4		608.4		(28.1	)		820.7		0.1			--			820.8
Accounts payable – related parties		2,218.0		187.7		(2,193.5	)		212.2		--			--			212.2
Accrued product payables		2,279.0		2,442.5		(6.0	)		4,715.5		--			--			4,715.5
Accrued interest		183.0		1.0		(0.1	)		183.9		--			--			183.9
Liabilities related to assets held for sale		--		72.2		--			72.2		--			--			72.2
Other current liabilities		318.0		338.0		(16.9	)		639.1		--			0.2			639.3
Total current liabilities		6,228.9		3,659.3		(2,244.6	)		7,643.6		0.1			0.2			7,643.9
Long-term debt		14,063.9		53.7		(8.9	)		14,108.7		--			--			14,108.7
Deferred tax liabilities		4.6		80.6		(0.5	)		84.7		--			(0.9	)		83.8
Other long-term liabilities		134.4		202.1		--			336.5		--			--			336.5
Commitments and contingencies
Equity:
Partners' and other owners' equity		11,576.6		27,974.9		(28,129.0	)		11,422.5		11,438.7			(11,422.5	)		11,438.7
Noncontrolling interests		--		4,534.4		(4,405.8	)		128.6		--			(15.8	)		112.8
Total equity		11,576.6		32,509.3		(32,534.8	)		11,551.1		11,438.7			(11,438.3	)		11,551.5
Total liabilities and equity	$	32,008.4	$	36,505.0	$	(34,788.8	)	$	33,724.6	$	11,438.8		$	(11,439.0	)	$	33,724.4

Enterprise Products Partners L.P.

Unaudited Condensed Consolidating Balance Sheet

December 31, 2010

	EPO and Subsidiaries
	Subsidiary Issuer (EPO)		Other Subsidiaries (Non-guarantor)		EPO and Subsidiaries Eliminations and Adjustments			Consolidated EPO and Subsidiaries		Enterprise Products Partners L.P. (Guarantor)			Eliminations and Adjustments			Consolidated Total
ASSETS
Current assets:
Cash and cash equivalents and restricted cash	$	97.1	$	70.0	$	(2.9	)	$	164.2	$	--		$	--		$	164.2
Accounts receivable – trade, net		1,684.1		2,127.9		(11.9	)		3,800.1		--			--			3,800.1
Accounts receivable – related parties		206.3		927.6		(1,095.8	)		38.1		(1.3	)		--			36.8
Inventories		825.3		310.0		(1.3	)		1,134.0		--			--			1,134.0
Prepaid and other current assets		205.4		176.2		(9.6	)		372.0		--			--			372.0
Total current assets		3,018.2		3,611.7		(1,121.5	)		5,508.4		(1.3	)		--			5,507.1
Property, plant and equipment, net		1,461.0		17,881.9		(10.0	)		19,332.9		--			--			19,332.9
Investments in unconsolidated affiliates		22,640.3		6,254.0		(26,601.2	)		2,293.1		11,375.5			(11,375.5	)		2,293.1
Intangible assets, net		155.5		1,700.8		(14.6	)		1,841.7		--			--			1,841.7
Goodwill		469.1		1,638.6		--			2,107.7		--			--			2,107.7
Other assets		296.4		126.7		(144.8	)		278.3		--			--			278.3
Total assets	$	28,040.5	$	31,213.7	$	(27,892.1	)	$	31,362.1	$	11,374.2		$	(11,375.5	)	$	31,360.8

LIABILITIES AND EQUITY
Current liabilities:
Current maturities of debt	$	--	$	282.3	$	--		$	282.3	$	--		$	--		$	282.3
Accounts payable – trade		138.1		406.8		(2.9	)		542.0		--			--			542.0
Accounts payable – related parties		1,159.0		204.3		(1,230.2	)		133.1		--			--			133.1
Accrued product payables		2,057.2		2,124.8		(17.2	)		4,164.8		--			--			4,164.8
Accrued interest		251.3		1.8		(0.2	)		252.9		--			--			252.9
Other current liabilities		217.2		294.7		(6.9	)		505.0		--			0.1			505.1
Total current liabilities		3,822.8		3,314.7		(1,257.4	)		5,880.1		--			0.1			5,880.2
Long-term debt		12,663.7		626.4		(8.9	)		13,281.2		--			--			13,281.2
Deferred tax liabilities		5.1		73.8		(0.1	)		78.8		--			(0.8	)		78.0
Other long-term liabilities		42.9		177.7		--			220.6		--			--			220.6
Commitments and contingencies
Equity:
Partners' and other owners' equity		11,506.0		23,176.8		(23,321.2	)		11,361.6		11,374.2			(11,361.6	)		11,374.2
Noncontrolling interests		--		3,844.3		(3,304.5	)		539.8		--			(13.2	)		526.6
Total equity		11,506.0		27,021.1		(26,625.7	)		11,901.4		11,374.2			(11,374.8	)		11,900.8
Total liabilities and equity	$	28,040.5	$	31,213.7	$	(27,892.1	)	$	31,362.1	$	11,374.2		$	(11,375.5	)	$	31,360.8

Enterprise Products Partners L.P.

Unaudited Condensed Consolidating Statement of Operations

Three Months Ended September 30, 2011

	EPO and Subsidiaries
	Subsidiary Issuer (EPO)			Other Subsidiaries (Non-guarantor)			EPO and Subsidiaries Eliminations and Adjustments			Consolidated EPO and Subsidiaries			Enterprise Products Partners L.P. (Guarantor)		Eliminations and Adjustments			Consolidated Total
Revenues	$	8,270.5		$	7,066.8		$	(4,010.2	)	$	11,327.1		$	--	$	--		$	11,327.1
Costs and expenses:
Operating costs and expenses		8,137.1			6,478.9			(4,011.4	)		10,604.6			--		--			10,604.6
General and administrative costs		3.6			45.7			--			49.3			0.7		--			50.0
Total costs and expenses		8,140.7			6,524.6			(4,011.4	)		10,653.9			0.7		--			10,654.6
Equity in income of unconsolidated affiliates		524.1			16.6			(532.1	)		8.6			472.1		(472.1	)		8.6
Operating income		653.9			558.8			(530.9	)		681.8			471.4		(472.1	)		681.1
Other income (expense):
Interest expense		(180.7	)		(10.1	)		1.8			(189.0	)		--		--			(189.0	)
Other, net		2.0			(1.2	)		(1.8	)		(1.0	)		--		--			(1.0	)
Total other expense, net		(178.7	)		(11.3	)		--			(190.0	)		--		--			(190.0	)
Income before provision for income taxes		475.2			547.5			(530.9	)		491.8			471.4		(472.1	)		491.1
Provision for income taxes		(4.6	)		(6.9	)		--			(11.5	)		--		(0.1	)		(11.6	)
Net income		470.6			540.6			(530.9	)		480.3			471.4		(472.2	)		479.5
Net loss (income) attributable to noncontrolling interests		--			(9.4	)		1.0			(8.4	)		--		0.3			(8.1	)
Net income attributable to entity	$	470.6		$	531.2		$	(529.9	)	$	471.9		$	471.4	$	(471.9	)	$	471.4

Enterprise Products Partners L.P.

Unaudited Condensed Consolidating Statement of Operations

Three Months Ended September 30, 2010

	EPO and Subsidiaries
	Subsidiary Issuer (EPO)			Other Subsidiaries (Non-guarantor)			EPO and Subsidiaries Eliminations and Adjustments			Consolidated EPO and Subsidiaries			Enterprise Products Partners L.P. (Guarantor)		Holdings and EPGP			Eliminations and Adjustments			Consolidated Total
Revenues	$	6,068.5		$	4,940.9		$	(2,941.6	)	$	8,067.8		$	--	$	--		$	--		$	8,067.8
Costs and expenses:
Operating costs and expenses		5,977.6			4,425.0			(2,942.5	)		7,460.1			--		--			--			7,460.1
General and administrative costs		8.1			47.6			--			55.7			0.3		14.1			--			70.1
Total costs and expenses		5,985.7			4,472.6			(2,942.5	)		7,515.8			0.3		14.1			--			7,530.2
Equity in income of unconsolidated affiliates		463.1			21.4			(467.0	)		17.5			372.2		128.1			(512.2	)		5.6
Operating income		545.9			489.7			(466.1	)		569.5			371.9		114.0			(512.2	)		543.2
Other income (expense):
Interest expense		(176.2	)		(6.4	)		2.9			(179.7	)		--		(12.3	)		--			(192.0	)
Other, net		3.1			1.1			(2.9	)		1.3			--		--			--			1.3
Total other expense, net		(173.1	)		(5.3	)		--			(178.4	)		--		(12.3	)		--			(190.7	)
Income before provision for income taxes		372.8			484.4			(466.1	)		391.1			371.9		101.7			(512.2	)		352.5
Provision for income taxes		(1.6	)		(3.2	)		--			(4.8	)		--		--			(0.1	)		(4.9	)
Net income		371.2			481.2			(466.1	)		386.3			371.9		101.7			(512.3	)		347.6
Net loss (income) attributable to noncontrolling interests		--			10.7			(24.9	)		(14.2	)		--		--			(296.4	)		(310.6	)
Net income attributable to entity	$	371.2		$	491.9		$	(491.0	)	$	372.1		$	371.9	$	101.7		$	(808.7	)	$	37.0

Enterprise Products Partners L.P.

Unaudited Condensed Consolidating Statement of Operations

Nine Months Ended September 30, 2011

	EPO and Subsidiaries
	Subsidiary Issuer (EPO)			Other Subsidiaries (Non-guarantor)			EPO and Subsidiaries Eliminations and Adjustments			Consolidated EPO and Subsidiaries			Enterprise Products Partners L.P. (Guarantor)		Eliminations and Adjustments			Consolidated Total
Revenues	$	24,554.8		$	20,340.2		$	(12,167.7	)	$	32,727.3		$	--	$	--		$	32,727.3
Costs and expenses:
Operating costs and expenses		24,139.5			18,704.2			(12,168.7	)		30,675.0			--		--			30,675.0
General and administrative costs		7.9			123.2			--			131.1			7.2		--			138.3
Total costs and expenses		24,147.4			18,827.4			(12,168.7	)		30,806.1			7.2		--			30,813.3
Equity in income of unconsolidated affiliates		1,474.9			73.3			(1,512.3	)		35.9			1,333.0		(1,333.0	)		35.9
Operating income		1,882.3			1,586.1			(1,511.3	)		1,957.1			1,325.8		(1,333.0	)		1,949.9
Other income (expense):
Interest expense		(543.7	)		(23.0	)		5.6			(561.1	)		--		--			(561.1	)
Other, net		5.9			(0.5	)		(5.6	)		(0.2	)		--		--			(0.2	)
Total other expense, net		(537.8	)		(23.5	)		--			(561.3	)		--		--			(561.3	)
Income before provision for income taxes		1,344.5			1,562.6			(1,511.3	)		1,395.8			1,325.8		(1,333.0	)		1,388.6
Provision for income taxes		(13.1	)		(12.8	)		--			(25.9	)		--		(0.2	)		(26.1	)
Net income		1,331.4			1,549.8			(1,511.3	)		1,369.9			1,325.8		(1,333.2	)		1,362.5
Net loss (income) attributable to noncontrolling interests		--			(20.3	)		(17.2	)		(37.5	)		--		0.8			(36.7	)
Net income attributable to entity	$	1,331.4		$	1,529.5		$	(1,528.5	)	$	1,332.4		$	1,325.8	$	(1,332.4	)	$	1,325.8

Enterprise Products Partners L.P.

Unaudited Condensed Consolidating Statement of Operations

Nine Months Ended September 30, 2010

	EPO and Subsidiaries
	Subsidiary Issuer (EPO)			Other Subsidiaries (Non-guarantor)			EPO and Subsidiaries Eliminations and Adjustments			Consolidated EPO and Subsidiaries			Enterprise Products Partners L.P. (Guarantor)		Holdings and EPGP			Eliminations and Adjustments			Consolidated Total
Revenues	$	18,684.4		$	14,341.2		$	(8,869.9	)	$	24,155.7		$	--	$	--		$	--		$	24,155.7
Costs and expenses:
Operating costs and expenses		18,374.1			12,903.1			(8,871.0	)		22,406.2			--		--			--			22,406.2
General and administrative costs		11.0			116.0			--			127.0			4.5		19.4			--			150.9
Total costs and expenses		18,385.1			13,019.1			(8,871.0	)		22,533.2			4.5		19.4			--			22,557.1
Equity in income of unconsolidated affiliates		1,296.1			117.3			(1,363.2	)		50.2			1,111.4		400.2			(1,518.6	)		43.2
Operating income		1,595.4			1,439.4			(1,362.1	)		1,672.7			1,106.9		380.8			(1,518.6	)		1,641.8
Other income (expense):
Interest expense		(484.1	)		(20.8	)		8.0			(496.9	)		--		(32.2	)		--			(529.1	)
Other, net		8.5			1.3			(8.0	)		1.8			--		--			--			1.8
Total other expense, net		(475.6	)		(19.5	)		--			(495.1	)		--		(32.2	)		--			(527.3	)
Income before provision for income taxes		1,119.8			1,419.9			(1,362.1	)		1,177.6			1,106.9		348.6			(1,518.6	)		1,114.5
Provision for income taxes		(9.9	)		(10.1	)		--			(20.0	)		--		--			(0.1	)		(20.1	)
Net income		1,109.9			1,409.8			(1,362.1	)		1,157.6			1,106.9		348.6			(1,518.7	)		1,094.4
Net loss (income) attributable to noncontrolling interests		--			17.3			(63.9	)		(46.6	)		--		--			(886.8	)		(933.4	)
Net income attributable to entity	$	1,109.9		$	1,427.1		$	(1,426.0	)	$	1,111.0		$	1,106.9	$	348.6		$	(2,405.5	)	$	161.0

Enterprise Products Partners L.P.

Unaudited Condensed Consolidating Statement of Cash Flows

Nine Months Ended September 30, 2011

	EPO and Subsidiaries
	Subsidiary Issuer (EPO)			Other Subsidiaries (Non-guarantor)			EPO and Subsidiaries Eliminations and Adjustments			Consolidated EPO and Subsidiaries			Enterprise Products Partners L.P. (Guarantor)			Eliminations and Adjustments			Consolidated Total
Operating activities:
Net income	$	1,331.4		$	1,549.8		$	(1,511.3	)	$	1,369.9		$	1,325.8		$	(1,333.2	)	$	1,362.5
Reconciliation of net income to net cash flows provided by operating activities:
Depreciation, amortization and accretion		86.4			653.8			(1.0	)		739.2			--			--			739.2
Equity in income of unconsolidated affiliates		(1,474.9	)		(73.3	)		1,512.3			(35.9	)		(1,333.0	)		1,333.0			(35.9	)
Distributions received from unconsolidated affiliates		141.6			164.1			(183.2	)		122.5			1,480.2			(1,480.2	)		122.5
Net effect of changes in operating accounts and other operating activities		1,116.0			(521.5	)		(550.8	)		43.7			(4.3	)		0.5			39.9
Net cash flows provided by operating activities		1,200.5			1,772.9			(734.0	)		2,239.4			1,468.7			(1,479.9	)		2,228.2
Investing activities:
Capital expenditures, net of contributions in aid of construction costs		(81.8	)		(2,698.1	)		--			(2,779.9	)		--			--			(2,779.9	)
Other investing activities		(2,004.0	)		423.8			2,021.5			441.3			(71.2	)		71.2			441.3
Cash used in investing activities		(2,085.8	)		(2,274.3	)		2,021.5			(2,338.6	)		(71.2	)		71.2			(2,338.6	)
Financing activities:
Borrowings under debt agreements		6,005.1			560.0			--			6,565.1			--			--			6,565.1
Repayments of debt		(3,641.0	)		(1,348.3	)		--			(4,989.3	)		--			--			(4,989.3	)
Cash distributions paid to partners		(1,480.2	)		(679.0	)		679.0			(1,480.2	)		(1,459.7	)		1,480.2			(1,459.7	)
Cash distributions paid to noncontrolling interests		--			(103.7	)		51.7			(52.0	)		--			--			(52.0	)
Cash contributions from noncontrolling interests		--			724.9			(719.9	)		5.0			--			(0.3	)		4.7
Net cash proceeds from issuance of common units		--			--			--			--			67.1			--			67.1
Cash contributions from owners		71.2			1,323.5			(1,323.5	)		71.2			--			(71.2	)		--
Other financing activities		(57.0	)		--			--			(57.0	)		(4.9	)		--			(61.9	)
Cash provided by (used in) financing activities		898.1			477.4			(1,312.7	)		62.8			(1,397.5	)		1,408.7			74.0
Net change in cash and cash equivalents		12.8			(24.0	)		(25.2	)		(36.4	)		--			--			(36.4	)
Cash and cash equivalents, January 1		0.5			67.9			(2.9	)		65.5			--			--			65.5
Cash and cash equivalents, September 30	$	13.3		$	43.9		$	(28.1	)	$	29.1		$	--		$	--		$	29.1

Enterprise Products Partners L.P.

Unaudited Condensed Consolidating Statement of Cash Flows

Nine Months Ended September 30, 2010

	EPO and Subsidiaries
	Subsidiary Issuer (EPO)			Other Subsidiaries (Non-guarantor)			EPO and Subsidiaries Eliminations and Adjustments			Consolidated EPO and Subsidiaries			Enterprise Products Partners L.P. (Guarantor)			Holdings and EPGP			Eliminations and Adjustments			Consolidated Total
Operating activities:
Net income	$	1,109.9		$	1,409.8		$	(1,362.1	)	$	1,157.6		$	1,106.9		$	348.6		$	(1,518.7	)	$	1,094.4
Reconciliation of net income to net cash flows provided by operating activities:
Depreciation, amortization and accretion		84.2			621.0			(1.0	)		704.2			--			4.9			--			709.1
Equity in income of unconsolidated affiliates		(1,296.1	)		(117.3	)		1,363.2			(50.2	)		(1,111.4	)		(400.2	)		1,518.6			(43.2	)
Distributions received from unconsolidated affiliates		138.3			121.9			(177.9	)		82.3			1,273.5			482.9			(1,692.7	)		146.0
Net effect of changes in operating accounts and other operating activities		587.1			(354.6	)		(705.8	)		(473.3	)		(0.9	)		11.7			--			(462.5	)
Net cash flows provided by operating activities		623.4			1,680.8			(883.6	)		1,420.6			1,268.1			447.9			(1,692.8	)		1,443.8
Investing activities:
Capital expenditures, net of contributions in aid of construction costs		24.3			(1,415.5	)		--			(1,391.2	)		--			--			--			(1,391.2	)
Cash used for business combinations		(2.2	)		(1,230.8	)		--			(1,233.0	)		--			--			--			(1,233.0	)
Other investing activities		(1,583.6	)		129.9			1,576.4			122.7			(1,056.7	)		(54.5	)		1,111.2			122.7
Cash used in investing activities		(1,561.5	)		(2,516.4	)		1,576.4			(2,501.5	)		(1,056.7	)		(54.5	)		1,111.2			(2,501.5	)
Financing activities:
Borrowings under debt agreements		3,965.7			138.1			--			4,103.8			--			66.5			--			4,170.3
Repayments of debt		(2,686.8	)		(67.0	)		--			(2,753.8	)		--			(62.8	)		--			(2,816.6	)
Cash distributions paid to partners		(1,273.5	)		(963.1	)		963.1			(1,273.5	)		(1,263.1	)		(418.9	)		2,727.9			(227.6	)
Cash distributions paid to noncontrolling interests		--			(99.1	)		44.9			(54.2	)		--			--			(1,044.8	)		(1,099.0	)
Cash contributions from noncontrolling interests		--			356.7			(353.6	)		3.1			--			--			1,031.3			1,034.4
Net cash proceeds from issuance of common units		--			--			--			--			1,054.9			--			(1,054.9	)		--
Cash contributions from owners		1,056.7			1,358.3			(1,358.3	)		1,056.7			--			21.3			(1,078.0	)		--
Other financing activities		(138.4	)		125.0			--			(13.4	)		(3.1	)		--			--			(16.5	)
Cash provided by (used in) financing activities		923.7			848.9			(703.9	)		1,068.7			(211.3	)		(393.9	)		581.5			1,045.0
Effect of exchange rate changes on cash		--			0.3			--			0.3			--			--			--			0.3
Net change in cash and cash equivalents		(14.4	)		13.3			(11.1	)		(12.2	)		0.1			(0.5	)		(0.1	)		(12.7	)
Cash and cash equivalents, January 1		14.4			46.3			(6.2	)		54.5			--			0.7			0.1			55.3
Cash and cash equivalents, September 30	$	--		$	59.9		$	(17.3	)	$	42.6		$	0.1		$	0.2		$	--		$	42.9