Condensed Consolidating Financial Information (Tables)

3 Months Ended

Mar. 31, 2012

Condensed Consolidating Financial Information [Abstract]

Condensed Consolidating Financial Information

Enterprise Products Partners L.P.

Unaudited Condensed Consolidating Balance Sheet

March 31, 2012

	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	$	144.1	$	31.8	$	(5.5	)	$	170.4	$	--		$	(0.3	)	$	170.1
Accounts receivable – trade, net		1,517.4		3,018.1		(8.8	)		4,526.7		--			--			4,526.7
Accounts receivable – related parties		221.4		1,557.2		(1,752.5	)		26.1		(12.7	)		--			13.4
Inventories		788.6		147.6		(2.1	)		934.1		--			--			934.1
Prepaid and other current assets		147.5		309.1		(4.1	)		452.5		0.4			--			452.9
Total current assets		2,819.0		5,063.8		(1,773.0	)		6,109.8		(12.3	)		(0.3	)		6,097.2
Property, plant and equipment, net		1,504.0		21,415.8		(9.5	)		22,910.3		--			--			22,910.3
Investments in unconsolidated affiliates		26,410.1		7,485.5		(33,000.3	)		895.3		12,291.4			(12,291.4	)		895.3
Intangible assets, net		158.5		1,499.1		(13.4	)		1,644.2		--			--			1,644.2
Goodwill		458.9		1,633.4		--			2,092.3		--			--			2,092.3
Other assets		122.7		128.5		2.1			253.3		0.1			--			253.4
Total assets	$	31,473.2	$	37,226.1	$	(34,794.1	)	$	33,905.2	$	12,279.2		$	(12,291.7	)	$	33,892.7
LIABILITIES AND EQUITY
Current liabilities:
Current maturities of debt	$	1,032.6	$	17.4	$	--		$	1,050.0	$	--		$	--		$	1,050.0
Accounts payable – trade		312.2		565.2		(5.5	)		871.9		0.4			(0.3	)		872.0
Accounts payable – related parties		1,683.8		147.8		(1,752.3	)		79.3		--			--			79.3
Accrued product payables		1,911.6		2,929.9		(11.1	)		4,830.4		--			--			4,830.4
Accrued interest		183.6		0.9		--			184.5		--			--			184.5
Other current liabilities		332.6		351.9		(4.1	)		680.4		--			--			680.4
Total current liabilities		5,456.4		4,013.1		(1,773.0	)		7,696.5		0.4			(0.3	)		7,696.6
Long-term debt		13,543.5		27.3		--			13,570.8		--			--			13,570.8
Deferred tax liabilities		5.7		15.1		2.1			22.9		--			(0.9	)		22.0
Other long-term liabilities		26.8		188.2		--			215.0		--			--			215.0
Commitments and contingencies
Equity:
Partners’ and other owners’ equity		12,440.8		28,208.1		(28,374.0	)		12,274.9		12,278.8			(12,274.9	)		12,278.8
Noncontrolling interests		--		4,774.3		(4,649.2	)		125.1		--			(15.6	)		109.5
Total equity		12,440.8		32,982.4		(33,023.2	)		12,400.0		12,278.8			(12,290.5	)		12,388.3
Total liabilities and equity	$	31,473.2	$	37,226.1	$	(34,794.1	)	$	33,905.2	$	12,279.2		$	(12,291.7	)	$	33,892.7

Enterprise Products Partners L.P.

Unaudited Condensed Consolidating Balance Sheet

December 31, 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	$	48.2	$	21.3	$	(11.2	)	$	58.3	$	--		$	--		$	58.3
Accounts receivable – trade, net		1,599.4		2,913.2		(10.8	)		4,501.8		--			--			4,501.8
Accounts receivable – related parties		141.1		2,155.5		(2,252.0	)		44.6		(1.1	)		--			43.5
Inventories		943.6		170.5		(2.4	)		1,111.7		--			--			1,111.7
Prepaid and other current assets		216.8		152.6		(16.0	)		353.4		--			--			353.4
Total current assets		2,949.1		5,413.1		(2,292.4	)		6,069.8		(1.1	)		--			6,068.7
Property, plant and equipment, net		1,477.5		20,723.7		(9.6	)		22,191.6		--			--			22,191.6
Investments in unconsolidated affiliates		27,060.0		8,266.7		(33,467.1	)		1,859.6		12,114.5			(12,114.5	)		1,859.6
Intangible assets, net		142.4		1,527.4		(13.6	)		1,656.2		--			--			1,656.2
Goodwill		458.9		1,633.4		--			2,092.3		--			--			2,092.3
Other assets		146.4		107.5		2.8			256.7		--			--			256.7
Total assets	$	32,234.3	$	37,671.8	$	(35,779.9	)	$	34,126.2	$	12,113.4		$	(12,114.5	)	$	34,125.1
LIABILITIES AND EQUITY
Current liabilities:
Current maturities of debt	$	500.0	$	--	$	--		$	500.0	$	--		$	--		$	500.0
Accounts payable – trade		205.6		578.6		(11.2	)		773.0		--			--			773.0
Accounts payable – related parties		2,407.2		71.9		(2,267.5	)		211.6		--			--			211.6
Accrued product payables		2,141.0		2,912.4		(6.3	)		5,047.1		--			--			5,047.1
Accrued interest		287.1		1.0		--			288.1		--			--			288.1
Other current liabilities		298.1		321.8		(7.4	)		612.5		--			0.1			612.6
Total current liabilities		5,839.0		3,885.7		(2,292.4	)		7,432.3		--			0.1			7,432.4
Long-term debt		13,975.1		54.3		--			14,029.4		--			--			14,029.4
Deferred tax liabilities		22.2		67.1		2.8			92.1		--			(0.9	)		91.2
Other long-term liabilities		155.3		197.5		--			352.8		--			--			352.8
Commitments and contingencies
Equity:
Partners’ and other owners’ equity		12,242.7		28,799.8		(28,946.4	)		12,096.1		12,113.4			(12,096.1	)		12,113.4
Noncontrolling interests		--		4,667.4		(4,543.9	)		123.5		--			(17.6	)		105.9
Total equity		12,242.7		33,467.2		(33,490.3	)		12,219.6		12,113.4			(12,113.7	)		12,219.3
Total liabilities and equity	$	32,234.3	$	37,671.8	$	(35,779.9	)	$	34,126.2	$	12,113.4		$	(12,114.5	)	$	34,125.1

Enterprise Products Partners L.P.

Unaudited Condensed Consolidating Statement of Operations

Three Months Ended March 31, 2012

	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	$	7,639.8		$	7,158.5		$	(3,545.8	)	$	11,252.5		$	--	$	--		$	11,252.5
Costs and expenses:
Operating costs and expenses		7,409.8			6,603.6			(3,546.2	)		10,467.2			--		--			10,467.2
General and administrative costs		15.4			30.7			--			46.1			0.2		--			46.3
Total costs and expenses		7,425.2			6,634.3			(3,546.2	)		10,513.3			0.2		--			10,513.5
Equity in income of unconsolidated affiliates		594.5			78.4			(663.0	)		9.9			651.5		(651.5	)		9.9
Operating income		809.1			602.6			(662.6	)		749.1			651.3		(651.5	)		748.9
Other income (expense):
Interest expense		(185.6	)		(0.9	)		--			(186.5	)		--		--			(186.5	)
Other, net		0.1			58.6			--			58.7			--		--			58.7
Total other expense, net		(185.5	)		57.7			--			(127.8	)		--		--			(127.8	)
Income before income taxes		623.6			660.3			(662.6	)		621.3			651.3		(651.5	)		621.1
Benefit from income taxes		27.0			7.4			--			34.4			--		--			34.4
Net income		650.6			667.7			(662.6	)		655.7			651.3		(651.5	)		655.5
Net loss (income) attributable to noncontrolling interests		--			(44.4	)		39.7			(4.7	)		--		0.5			(4.2	)
Net income attributable to entity	$	650.6		$	623.3		$	(622.9	)	$	651.0		$	651.3	$	(651.0	)	$	651.3

Enterprise Products Partners L.P.

Unaudited Condensed Consolidating Statement of Operations

Three Months Ended March 31, 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	$	8,324.8		$	6,078.7		$	(4,219.8	)	$	10,183.7		$	--	$	--		$	10,183.7
Costs and expenses:
Operating costs and expenses		8,178.2			5,578.6			(4,219.7	)		9,537.1			--		--			9,537.1
General and administrative costs		0.9			33.7			--			34.6			3.3		--			37.9
Total costs and expenses		8,179.1			5,612.3			(4,219.7	)		9,571.7			3.3		--			9,575.0
Equity in income of unconsolidated affiliates		458.0			31.8			(473.6	)		16.2			424.0		(424.0	)		16.2
Operating income		603.7			498.2			(473.7	)		628.2			420.7		(424.0	)		624.9
Other income (expense):
Interest expense		(179.0	)		(6.7	)		1.9			(183.8	)		--		--			(183.8	)
Other, net		2.0			0.4			(1.9	)		0.5			--		--			0.5
Total other expense, net		(177.0	)		(6.3	)		--			(183.3	)		--		--			(183.3	)
Income before income taxes		426.7			491.9			(473.7	)		444.9			420.7		(424.0	)		441.6
Provision for income taxes		(2.8	)		(4.3	)		--			(7.1	)		--		--			(7.1	)
Net income		423.9			487.6			(473.7	)		437.8			420.7		(424.0	)		434.5
Net loss (income) attributable to noncontrolling interests		--			(3.4	)		(10.7	)		(14.1	)		--		0.3			(13.8	)
Net income attributable to entity	$	423.9		$	484.2		$	(484.4	)	$	423.7		$	420.7	$	(423.7	)	$	420.7

Enterprise Products Partners L.P.

Unaudited Condensed Consolidating Statement of Comprehensive Income

Three Months Ended March 31, 2012

	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
Comprehensive income	$	679.8	$	648.1		$	(662.6	)	$	665.3		$	651.3	$	(651.5	)	$	665.1
Comprehensive income attributable to    noncontrolling interests		--		(44.4	)		39.7			(4.7	)		--		0.5			(4.2	)
Comprehensive income attributable    to entity	$	679.8	$	603.7		$	(622.9	)	$	660.6		$	651.3	$	(651.0	)	$	660.9

Enterprise Products Partners L.P.

Unaudited Condensed Consolidating Statement of Comprehensive Income

Three Months Ended March 31, 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
Comprehensive income	$	435.1	$	408.8		$	(473.7	)	$	370.2		$	420.7	$	(424.0	)	$	366.9
Comprehensive income attributable to    noncontrolling interests		--		(3.4	)		(10.7	)		(14.1	)		--		0.3			(13.8	)
Comprehensive income attributable    to entity	$	435.1	$	405.4		$	(484.4	)	$	356.1		$	420.7	$	(423.7	)	$	353.1

Enterprise Products Partners L.P.

Unaudited Condensed Consolidating Statement of Cash Flows

Three Months Ended March 31, 2012

	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	$	650.6		$	667.7		$	(662.6	)	$	655.7		$	651.3		$	(651.5	)	$	655.5
Reconciliation of net income to net cash flows provided by operating activities:
Depreciation, amortization and accretion		33.0			233.4			(0.3	)		266.1			--			--			266.1
Equity in income of unconsolidated affiliates		(594.5	)		(78.4	)		663.0			(9.9	)		(651.5	)		651.5			(9.9	)
Distributions received from unconsolidated affiliates		10.0			25.8			(8.8	)		27.0			531.6			(531.6	)		27.0
Net effect of changes in operating accounts and other operating activities		(489.4	)		335.8			(191.4	)		(345.0	)		11.5			(0.3	)		(333.8	)
Net cash flows provided by operating activities		(390.3	)		1,184.3			(200.1	)		593.9			542.9			(531.9	)		604.9
Investing activities:
Capital expenditures, net of contributions in aid of construction costs		(16.0	)		(952.1	)		--			(968.1	)		--			--			(968.1	)
Proceeds from asset sales		976.1			22.1			--			998.2			--			--			998.2
Other investing activities		(38.9	)		(39.2	)		12.5			(65.6	)		(31.8	)		31.8			(65.6	)
Cash used in investing activities		921.2			(969.2	)		12.5			(35.5	)		(31.8	)		31.8			(35.5	)
Financing activities:
Borrowings under debt agreements		1,396.6			--			--			1,396.6			--			--			1,396.6
Repayments of debt		(1,290.5	)		(9.5	)		--			(1,300.0	)		--			--			(1,300.0	)
Cash distributions paid to partners		(531.6	)		(208.0	)		208.0			(531.6	)		(530.4	)		531.6			(530.4	)
Cash distributions paid to noncontrolling interests		--			(4.4	)		(2.2	)		(6.6	)		--			--			(6.6	)
Cash contributions from noncontrolling interests		--			--			4.9			4.9			--			--			4.9
Net cash proceeds from issuance of common units		--			--			--			--			29.0			--			29.0
Cash contributions from owners		31.8			17.3			(17.3	)		31.8			--			(31.8	)		--
Other financing activities		(84.6	)		--			(0.1	)		(84.7	)		(9.7	)		--			(94.4	)
Cash provided by (used in) financing activities		(478.3	)		(204.6	)		193.3			(489.6	)		(511.1	)		499.8			(500.9	)
Net change in cash and cash equivalents		52.6			10.5			5.7			68.8			--			(0.3	)		68.5
Cash and cash equivalents, January 1		9.7			21.3			(11.2	)		19.8			--			--			19.8
Cash and cash equivalents, March 31	$	62.3		$	31.8		$	(5.5	)	$	88.6		$	--		$	(0.3	)	$	88.3

Enterprise Products Partners L.P.

Unaudited Condensed Consolidating Statement of Cash Flows

Three Months Ended March 31, 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	$	423.9		$	487.6		$	(473.7	)	$	437.8		$	420.7		$	(424.0	)	$	434.5
Reconciliation of net income to net cash flows provided by operating activities:
Depreciation, amortization and accretion		27.8			213.6			(0.3	)		241.1			--			--			241.1
Equity in income of unconsolidated affiliates		(458.0	)		(31.8	)		473.6			(16.2	)		(424.0	)		424.0			(16.2	)
Distributions received from unconsolidated affiliates		65.5			56.1			(79.1	)		42.5			481.7			(481.7	)		42.5
Net effect of changes in operating accounts and other operating activities		455.1			(275.3	)		(85.3	)		94.5			6.3			--			100.8
Net cash flows provided by operating activities		514.3			450.2			(164.8	)		799.7			484.7			(481.7	)		802.7
Investing activities:
Capital expenditures, net of contributions in aid of construction costs		(24.9	)		(685.4	)		--			(710.3	)		--			--			(710.3	)
Other investing activities		(309.5	)		79.0			214.4			(16.1	)		(22.1	)		22.1			(16.1	)
Cash used in investing activities		(334.4	)		(606.4	)		214.4			(726.4	)		(22.1	)		22.1			(726.4	)
Financing activities:
Borrowings under debt agreements		2,662.1			159.5			--			2,821.6			--			--			2,821.6
Repayments of debt		(2,266.0	)		(50.0	)		--			(2,316.0	)		--			--			(2,316.0	)
Cash distributions paid to partners		(481.7	)		(132.8	)		132.8			(481.7	)		(479.7	)		481.7			(479.7	)
Cash distributions paid to noncontrolling interests		--			(41.7	)		24.5			(17.2	)		--			--			(17.2	)
Cash contributions from noncontrolling interests		--			214.3			(213.0	)		1.3			--			--			1.3
Net cash proceeds from issuance of common units		--			--			--			--			21.0			--			21.0
Cash contributions from owners		22.1			1.4			(1.4	)		22.1			--			(22.1	)		--
Other financing activities		(18.5	)		--			--			(18.5	)		(3.9	)		--			(22.4	)
Cash provided by (used in) financing activities		(82.0	)		150.7			(57.1	)		11.6			(462.6	)		459.6			8.6
Net change in cash and cash equivalents		97.9			(5.5	)		(7.5	)		84.9			--			--			84.9
Cash and cash equivalents, January 1		0.5			67.9			(2.9	)		65.5			--			--			65.5
Cash and cash equivalents, March 31	$	98.4		$	62.4		$	(10.4	)	$	150.4		$	--		$	--		$	150.4