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Condensed Consolidating Financial Information
9 Months Ended
Sep. 30, 2012
Condensed Consolidating Financial Information [Abstract]  
Condensed Consolidating Financial Information
Note 17.  Condensed Consolidating Financial Information

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

EPO has issued publicly traded debt securities.  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, Enterprise Products Partners L.P. would be responsible for full and unconditional 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.  See Note 9 for additional information regarding our consolidated debt obligations.
 
Enterprise Products Partners L.P.
Unaudited Condensed Consolidating Balance Sheet
September 30, 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
 
$
21.3
 
 
$
21.8
 
 
$
(9.8
)
 
$
33.3
 
 
$
--
 
 
$
--
 
 
$
33.3
 
Accounts receivable – trade, net
 
 
1,474.0
 
 
 
2,915.6
 
 
 
(0.2
)
 
 
4,389.4
 
 
 
--
 
 
 
--
 
 
 
4,389.4
 
Accounts receivable – related parties
 
 
155.9
 
 
 
1,412.4
 
 
 
(1,557.9
)
 
 
10.4
 
 
 
85.2
 
 
 
(85.2
)
 
 
10.4
 
Inventories
 
 
924.8
 
 
 
145.7
 
 
 
(1.3
)
 
 
1,069.2
 
 
 
--
 
 
 
--
 
 
 
1,069.2
 
Prepaid and other current assets
 
 
188.5
 
 
 
209.4
 
 
 
(7.2
)
 
 
390.7
 
 
 
0.1
 
 
 
--
 
 
 
390.8
 
Total current assets
 
 
2,764.5
 
 
 
4,704.9
 
 
 
(1,576.4
)
 
 
5,893.0
 
 
 
85.3
 
 
 
(85.2
)
 
 
5,893.1
 
Property, plant and equipment, net
 
 
1,626.1
 
 
 
22,685.2
 
 
 
0.2
 
 
 
24,311.5
 
 
 
--
 
 
 
--
 
 
 
24,311.5
 
Investments in unconsolidated affiliates
 
 
27,583.5
 
 
 
1,684.2
 
 
 
(28,107.3
)
 
 
1,160.4
 
 
 
12,864.1
 
 
 
(12,864.1
)
 
 
1,160.4
 
Intangible assets, net
 
 
78.9
 
 
 
1,517.2
 
 
 
--
 
 
 
1,596.1
 
 
 
--
 
 
 
--
 
 
 
1,596.1
 
Goodwill
 
 
458.9
 
 
 
1,633.4
 
 
 
--
 
 
 
2,092.3
 
 
 
--
 
 
 
--
 
 
 
2,092.3
 
Other assets
 
 
134.5
 
 
 
90.6
 
 
 
(0.9
)
 
 
224.2
 
 
 
0.2
 
 
 
--
 
 
 
224.4
 
Total assets
 
$
32,646.4
 
 
$
32,315.5
 
 
$
(29,684.4
)
 
$
35,277.5
 
 
$
12,949.6
 
 
$
(12,949.3
)
 
$
35,277.8
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
LIABILITIES AND EQUITY
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Current liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Current maturities of debt
 
$
1,170.1
 
 
$
29.9
 
 
$
--
 
 
$
1,200.0
 
 
$
--
 
 
$
--
 
 
$
1,200.0
 
Accounts payable – trade
 
 
204.9
 
 
 
603.5
 
 
 
(9.8
)
 
 
798.6
 
 
 
--
 
 
 
--
 
 
 
798.6
 
Accounts payable – related parties
 
 
1,613.8
 
 
 
136.8
 
 
 
(1,552.8
)
 
 
197.8
 
 
 
--
 
 
 
(85.2
)
 
 
112.6
 
Accrued product payables
 
 
1,574.3
 
 
 
2,750.8
 
 
 
(6.6
)
 
 
4,318.5
 
 
 
--
 
 
 
--
 
 
 
4,318.5
 
Accrued interest
 
 
187.3
 
 
 
0.9
 
 
 
--
 
 
 
188.2
 
 
 
--
 
 
 
--
 
 
 
188.2
 
Other current liabilities
 
 
294.8
 
 
 
330.5
 
 
 
(7.2
)
 
 
618.1
 
 
 
--
 
 
 
(0.2
)
 
 
617.9
 
Total current liabilities
 
 
5,045.2
 
 
 
3,852.4
 
 
 
(1,576.4
)
 
 
7,321.2
 
 
 
--
 
 
 
(85.4
)
 
 
7,235.8
 
Long-term debt
 
 
14,732.2
 
 
 
15.0
 
 
 
--
 
 
 
14,747.2
 
 
 
--
 
 
 
--
 
 
 
14,747.2
 
Deferred tax liabilities
 
 
4.2
 
 
 
17.9
 
 
 
(0.9
)
 
 
21.2
 
 
 
--
 
 
 
(0.4
)
 
 
20.8
 
Other long-term liabilities
 
 
22.7
 
 
 
193.4
 
 
 
--
 
 
 
216.1
 
 
 
--
 
 
 
--
 
 
 
216.1
 
Commitments and contingencies
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Equity:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Partners' and other owners' equity
 
 
12,842.1
 
 
 
28,161.3
 
 
 
(28,160.0
)
 
 
12,843.4
 
 
 
12,949.6
 
 
 
(12,843.4
)
 
 
12,949.6
 
Noncontrolling interests
 
 
--
 
 
 
75.5
 
 
 
52.9
 
 
 
128.4
 
 
 
--
 
 
 
(20.1
)
 
 
108.3
 
Total equity
 
 
12,842.1
 
 
 
28,236.8
 
 
 
(28,107.1
)
 
 
12,971.8
 
 
 
12,949.6
 
 
 
(12,863.5
)
 
 
13,057.9
 
Total liabilities and equity
 
$
32,646.4
 
 
$
32,315.5
 
 
$
(29,684.4
)
 
$
35,277.5
 
 
$
12,949.6
 
 
$
(12,949.3
)
 
$
35,277.8
 
 
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 September 30, 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
 
$
6,392.6
 
 
$
7,072.5
 
 
$
(2,996.4
)
 
$
10,468.7
 
 
$
--
 
 
$
--
 
 
$
10,468.7
 
Costs and expenses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating costs and expenses
 
 
6,192.8
 
 
 
6,464.8
 
 
 
(2,997.8
)
 
 
9,659.8
 
 
 
--
 
 
 
--
 
 
 
9,659.8
 
General and administrative costs
 
 
(4.4
)
 
 
45.6
 
 
 
--
 
 
 
41.2
 
 
 
0.2
 
 
 
--
 
 
 
41.4
 
Total costs and expenses
 
 
6,188.4
 
 
 
6,510.4
 
 
 
(2,997.8
)
 
 
9,701.0
 
 
 
0.2
 
 
 
--
 
 
 
9,701.2
 
Equity in income of unconsolidated affiliates
 
 
581.4
 
 
 
25.7
 
 
 
(586.1
)
 
 
21.0
 
 
 
587.0
 
 
 
(587.0
)
 
 
21.0
 
Operating income
 
 
785.6
 
 
 
587.8
 
 
 
(584.7
)
 
 
788.7
 
 
 
586.8
 
 
 
(587.0
)
 
 
788.5
 
Other income (expense):
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest expense
 
 
(199.0
)
 
 
(0.7
)
 
 
--
 
 
 
(199.7
)
 
 
--
 
 
 
--
 
 
 
(199.7
)
Other, net
 
 
--
 
 
 
1.5
 
 
 
--
 
 
 
1.5
 
 
 
--
 
 
 
--
 
 
 
1.5
 
Total other expense, net
 
 
(199.0
)
 
 
0.8
 
 
 
--
 
 
 
(198.2
)
 
 
--
 
 
 
--
 
 
 
(198.2
)
Income before income taxes
 
 
586.6
 
 
 
588.6
 
 
 
(584.7
)
 
 
590.5
 
 
 
586.8
 
 
 
(587.0
)
 
 
590.3
 
Provision for income taxes
 
 
(1.4
)
 
 
(0.8
)
 
 
--
 
 
 
(2.2
)
 
 
--
 
 
 
(0.2
)
 
 
(2.4
)
Net income
 
 
585.2
 
 
 
587.8
 
 
 
(584.7
)
 
 
588.3
 
 
 
586.8
 
 
 
(587.2
)
 
 
587.9
 
Net loss (income) attributable to noncontrolling interests
 
 
--
 
 
 
(0.4
)
 
 
(1.2
)
 
 
(1.6
)
 
 
--
 
 
 
0.5
 
 
 
(1.1
)
Net income attributable to entity
 
$
585.2
 
 
$
587.4
 
 
$
(585.9
)
 
$
586.7
 
 
$
586.8
 
 
$
(586.7
)
 
$
586.8
 

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 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
Nine Months Ended September 30, 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
 
$
20,066.0
 
 
$
20,927.0
 
 
$
(9,482.0
)
 
$
31,511.0
 
 
$
--
 
 
$
--
 
 
$
31,511.0
 
Costs and expenses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating costs and expenses
 
 
19,467.0
 
 
 
19,151.4
 
 
 
(9,481.9
)
 
 
29,136.5
 
 
 
--
 
 
 
--
 
 
 
29,136.5
 
General and administrative costs
 
 
20.1
 
 
 
108.9
 
 
 
--
 
 
 
129.0
 
 
 
1.2
 
 
 
--
 
 
 
130.2
 
Total costs and expenses
 
 
19,487.1
 
 
 
19,260.3
 
 
 
(9,481.9
)
 
 
29,265.5
 
 
 
1.2
 
 
 
--
 
 
 
29,266.7
 
Equity in income of unconsolidated affiliates
 
 
1,774.7
 
 
 
53.1
 
 
 
(1,785.6
)
 
 
42.2
 
 
 
1,805.6
 
 
 
(1,805.6
)
 
 
42.2
 
Operating income
 
 
2,353.6
 
 
 
1,719.8
 
 
 
(1,785.7
)
 
 
2,287.7
 
 
 
1,804.4
 
 
 
(1,805.6
)
 
 
2,286.5
 
Other income (expense):
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest expense
 
 
(570.3
)
 
 
(2.5
)
 
 
--
 
 
 
(572.8
)
 
 
--
 
 
 
--
 
 
 
(572.8
)
Other, net
 
 
0.1
 
 
 
73.3
 
 
 
--
 
 
 
73.4
 
 
 
--
 
 
 
--
 
 
 
73.4
 
Total other expense, net
 
 
(570.2
)
 
 
70.8
 
 
 
--
 
 
 
(499.4
)
 
 
--
 
 
 
--
 
 
 
(499.4
)
Income before income taxes
 
 
1,783.4
 
 
 
1,790.6
 
 
 
(1,785.7
)
 
 
1,788.3
 
 
 
1,804.4
 
 
 
(1,805.6
)
 
 
1,787.1
 
Benefit from income taxes
 
 
21.0
 
 
 
2.9
 
 
 
-
 
 
 
23.9
 
 
 
--
 
 
 
(0.4
)
 
 
23.5
 
Net income
 
 
1,804.4
 
 
 
1,793.5
 
 
 
(1,785.7
)
 
 
1,812.2
 
 
 
1,804.4
 
 
 
(1,806.0
)
 
 
1,810.6
 
Net loss (income) attributable to noncontrolling interests
 
 
--
 
 
 
(4.6
)
 
 
(3.2
)
 
 
(7.8
)
 
 
--
 
 
 
1.6
 
 
 
(6.2
)
Net income attributable to entity
 
$
1,804.4
 
 
$
1,788.9
 
 
$
(1,788.9
)
 
$
1,804.4
 
 
$
1,804.4
 
 
$
(1,804.4
)
 
$
1,804.4
 

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 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 Comprehensive Income
Three Months Ended September 30, 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
 
$
559.8
 
 
$
543.5
 
 
$
(584.7
)
 
$
518.6
 
 
$
517.2
 
 
$
(517.5
)
 
$
518.3
 
Comprehensive income attributable to noncontrolling interests
 
 
--
 
 
 
(0.4
)
 
 
(1.2
)
 
 
(1.6
)
 
 
--
 
 
 
0.5
 
 
 
(1.1
)
Comprehensive income attributable to entity
 
$
559.8
 
 
$
543.1
 
 
$
(585.9
)
 
$
517.0
 
 
$
517.2
 
 
$
(517.0
)
 
$
517.2
 

Enterprise Products Partners L.P.
Unaudited Condensed Consolidating Statement of Comprehensive Income
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
 
Comprehensive income
 
$
220.8
 
 
$
560.8
 
 
$
(530.9
)
 
$
250.7
 
 
$
241.9
 
 
$
(242.6
)
 
$
250.0
 
Comprehensive income attributable to noncontrolling interests
 
 
--
 
 
 
(9.4
)
 
 
1.0
 
 
 
(8.4
)
 
 
--
 
 
 
0.3
 
 
 
(8.1
)
Comprehensive income attributable to entity
 
$
220.8
 
 
$
551.4
 
 
$
(529.9
)
 
$
242.3
 
 
$
241.9
 
 
$
(242.3
)
 
$
241.9
 

Enterprise Products Partners L.P.
Unaudited Condensed Consolidating Statement of Comprehensive Income
Nine Months Ended September 30, 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
 
$
1,743.4
 
 
$
1,817.5
 
 
$
(1,785.7
)
 
$
1,775.2
 
 
$
1,767.5
 
 
$
(1,769.0
)
 
$
1,773.7
 
Comprehensive income attributable to noncontrolling interests
 
 
--
 
 
 
(4.6
)
 
 
(3.2
)
 
 
(7.8
)
 
 
--
 
 
 
1.6
 
 
 
(6.2
)
Comprehensive income attributable to entity
 
$
1,743.4
 
 
$
1,812.9
 
 
$
(1,788.9
)
 
$
1,767.4
 
 
$
1,767.5
 
 
$
(1,767.4
)
 
$
1,767.5
 

Enterprise Products Partners L.P.
Unaudited Condensed Consolidating Statement of Comprehensive Income
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
 
Comprehensive income
 
$
1,038.0
 
 
$
1,539.9
 
 
$
(1,511.3
)
 
$
1,066.6
 
 
$
1,022.6
 
 
$
(1,029.9
)
 
$
1,059.3
 
Comprehensive income attributable to noncontrolling interests
 
 
--
 
 
 
(20.3
)
 
 
(17.2
)
 
 
(37.5
)
 
 
--
 
 
 
0.8
 
 
 
(36.7
)
Comprehensive income attributable to entity
 
$
1,038.0
 
 
$
1,519.6
 
 
$
(1,528.5
)
 
$
1,029.1
 
 
$
1,022.6
 
 
$
(1,029.1
)
 
$
1,022.6
 
 
Enterprise Products Partners L.P.
Unaudited Condensed Consolidating Statement of Cash Flows
Nine Months Ended September 30, 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
 
$
1,804.4
 
 
$
1,793.5
 
 
$
(1,785.7
)
 
$
1,812.2
 
 
$
1,804.4
 
 
$
(1,806.0
)
 
$
1,810.6
 
Reconciliation of net income to net cash flows provided by operating activities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Depreciation, amortization and accretion
 
 
89.9
 
 
 
728.0
 
 
 
--
 
 
 
817.9
 
 
 
--
 
 
 
--
 
 
 
817.9
 
Equity in income of unconsolidated affiliates
 
 
(1,774.7
)
 
 
(53.1
)
 
 
1,785.6
 
 
 
(42.2
)
 
 
(1,805.6
)
 
 
1,805.6
 
 
 
(42.2
)
Distributions received from unconsolidated affiliates
 
 
2,898.7
 
 
 
54.3
 
 
 
(2,885.5
)
 
 
67.5
 
 
 
1,643.4
 
 
 
(1,643.4
)
 
 
67.5
 
 Net effect of changes in operating accounts and other operating activities
 
 
(2,005.1
)
 
 
1,057.8
 
 
 
1.4
 
 
 
(945.9
)
 
 
(92.5
)
 
 
0.4
 
 
 
(1,038.0
)
Net cash flows provided by operating activities
 
 
1,013.2
 
 
 
3,580.5
 
 
 
(2,884.2
)
 
 
1,709.5
 
 
 
1,549.7
 
 
 
(1,643.4
)
 
 
1,615.8
 
Investing activities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 Capital expenditures, net of contributions in aid of construction costs
 
 
(161.2
)
 
 
(2,536.7
)
 
 
--
 
 
 
(2,697.9
)
 
 
--
 
 
 
--
 
 
 
(2,697.9
)
Proceeds from asset sales
 
 
1,109.1
 
 
 
28.3
 
 
 
--
 
 
 
1,137.4
 
 
 
--
 
 
 
--
 
 
 
1,137.4
 
Other investing activities
 
 
(2,161.7
)
 
 
(224.2
)
 
 
2,051.4
 
 
 
(334.5
)
 
 
(571.5
)
 
 
571.5
 
 
 
(334.5
)
Cash used in investing activities
 
 
(1,213.8
)
 
 
(2,732.6
)
 
 
2,051.4
 
 
 
(1,895.0
)
 
 
(571.5
)
 
 
571.5
 
 
 
(1,895.0
)
Financing activities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Borrowings under debt agreements
 
 
7,141.4
 
 
 
--
 
 
 
--
 
 
 
7,141.4
 
 
 
--
 
 
 
--
 
 
 
7,141.4
 
Repayments of debt
 
 
(5,706.5
)
 
 
(9.5
)
 
 
--
 
 
 
(5,716.0
)
 
 
--
 
 
 
--
 
 
 
(5,716.0
)
Cash distributions paid to partners
 
 
(1,643.4
)
 
 
(2,889.7
)
 
 
2,889.7
 
 
 
(1,643.4
)
 
 
(1,613.4
)
 
 
1,643.4
 
 
 
(1,613.4
)
 Cash distributions paid to noncontrolling interests
 
 
--
 
 
 
(7.1
)
 
 
(4.2
)
 
 
(11.3
)
 
 
--
 
 
 
--
 
 
 
(11.3
)
 Cash contributions from noncontrolling interests
 
 
--
 
 
 
--
 
 
 
6.5
 
 
 
6.5
 
 
 
--
 
 
 
--
 
 
 
6.5
 
 Net cash proceeds from issuance of common units
 
 
--
 
 
 
--
 
 
 
--
 
 
 
--
 
 
 
654.8
 
 
 
--
 
 
 
654.8
 
Cash contributions from owners
 
 
571.5
 
 
 
2,057.8
 
 
 
(2,057.8
)
 
 
571.5
 
 
 
--
 
 
 
(571.5
)
 
 
--
 
Other financing activities
 
 
(168.5
)
 
 
--
 
 
 
--
 
 
 
(168.5
)
 
 
(19.6
)
 
 
--
 
 
 
(188.1
)
 Cash provided by (used in) financing activities
 
 
194.5
 
 
 
(848.5
)
 
 
834.2
 
 
 
180.2
 
 
 
(978.2
)
 
 
1,071.9
 
 
 
273.9
 
Net change in cash and cash equivalents
 
 
(6.1
)
 
 
(0.6
)
 
 
1.4
 
 
 
(5.3
)
 
 
--
 
 
 
--
 
 
 
(5.3
)
Cash and cash equivalents, January 1
 
 
9.7
 
 
 
21.3
 
 
 
(11.2
)
 
 
19.8
 
 
 
--
 
 
 
--
 
 
 
19.8
 
Cash and cash equivalents, September 30
 
$
3.6
 
 
$
20.7
 
 
$
(9.8
)
 
$
14.5
 
 
$
--
 
 
$
--
 
 
$
14.5
 
 
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
)
Proceeds from asset sales
 
 
0.1
 
 
 
440.4
 
 
 
--
 
 
 
440.5
 
 
 
--
 
 
 
--
 
 
 
440.5
 
Other investing activities
 
 
(2,004.1
)
 
 
(16.6
)
 
 
2,021.5
 
 
 
0.8
 
 
 
(71.2
)
 
 
71.2
 
 
 
0.8
 
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