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Condensed Consolidating Financial Information
12 Months Ended
Dec. 31, 2012
Condensed Consolidating Financial Information [Abstract]  
Condensed Consolidating Financial Information
Note 22.  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 12 for additional information regarding our consolidated debt obligations.

Enterprise Products Partners L.P.
Condensed Consolidating Balance Sheet
December 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
 
$
4.3
 
 
$
28.0
 
 
$
(12.1
)
 
$
20.2
 
 
$
0.2
 
 
$
--
 
 
$
20.4
 
 Accounts receivable – trade, net
 
 
1,585.2
 
 
 
2,768.7
 
 
 
(3.0
)
 
 
4,350.9
 
 
 
--
 
 
 
--
 
 
 
4,350.9
 
 Accounts receivable – related parties
 
 
180.5
 
 
 
1,372.8
 
 
 
(1,550.8
)
 
 
2.5
 
 
 
(0.6
)
 
 
0.6
 
 
 
2.5
 
 Inventories
 
 
853.6
 
 
 
235.6
 
 
 
(0.8
)
 
 
1,088.4
 
 
 
--
 
 
 
--
 
 
 
1,088.4
 
 Prepaid and other current assets
 
 
154.9
 
 
 
231.8
 
 
 
(5.8
)
 
 
380.9
 
 
 
--
 
 
 
--
 
 
 
380.9
 
Total current assets
 
 
2,778.5
 
 
 
4,636.9
 
 
 
(1,572.5
)
 
 
5,842.9
 
 
 
(0.4
)
 
 
0.6
 
 
 
5,843.1
 
Property, plant and equipment, net
 
 
1,673.6
 
 
 
23,170.8
 
 
 
2.0
 
 
 
24,846.4
 
 
 
--
 
 
 
--
 
 
 
24,846.4
 
Investments in unconsolidated affiliates
 
 
28,454.4
 
 
 
1,846.9
 
 
 
(28,906.7
)
 
 
1,394.6
 
 
 
13,188.0
 
 
 
(13,188.0
)
 
 
1,394.6
 
Intangible assets, net
 
 
78.5
 
 
 
1,488.3
 
 
 
--
 
 
 
1,566.8
 
 
 
--
 
 
 
--
 
 
 
1,566.8
 
Goodwill
 
 
458.9
 
 
 
1,627.9
 
 
 
--
 
 
 
2,086.8
 
 
 
--
 
 
 
--
 
 
 
2,086.8
 
Other assets
 
 
126.0
 
 
 
71.4
 
 
 
(0.9
)
 
 
196.5
 
 
 
0.2
 
 
 
--
 
 
 
196.7
 
Total assets
 
$
33,569.9
 
 
$
32,842.2
 
 
$
(30,478.1
)
 
$
35,934.0
 
 
$
13,187.8
 
 
$
(13,187.4
)
 
$
35,934.4
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
LIABILITIES AND EQUITY
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Current liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 Current maturities of debt
 
$
1,516.7
 
 
$
29.9
 
 
$
--
 
 
$
1,546.6
 
 
$
--
 
 
$
--
 
 
$
1,546.6
 
 Accounts payable – trade
 
 
226.7
 
 
 
549.8
 
 
 
(12.1
)
 
 
764.4
 
 
 
0.1
 
 
 
--
 
 
 
764.5
 
 Accounts payable – related parties
 
 
1,584.2
 
 
 
92.9
 
 
 
(1,550.6
)
 
 
126.5
 
 
 
--
 
 
 
0.6
 
 
 
127.1
 
 Accrued product payables
 
 
1,851.8
 
 
 
2,628.4
 
 
 
(4.0
)
 
 
4,476.2
 
 
 
--
 
 
 
--
 
 
 
4,476.2
 
 Accrued interest
 
 
300.1
 
 
 
0.7
 
 
 
--
 
 
 
300.8
 
 
 
--
 
 
 
--
 
 
 
300.8
 
 Other current liabilities
 
 
266.5
 
 
 
280.0
 
 
 
(5.8
)
 
 
540.7
 
 
 
--
 
 
 
(0.2
)
 
 
540.5
 
Total current liabilities
 
 
5,746.0
 
 
 
3,581.7
 
 
 
(1,572.5
)
 
 
7,755.2
 
 
 
0.1
 
 
 
0.4
 
 
 
7,755.7
 
Long-term debt
 
 
14,640.2
 
 
 
15.0
 
 
 
--
 
 
 
14,655.2
 
 
 
--
 
 
 
--
 
 
 
14,655.2
 
Deferred tax liabilities
 
 
5.1
 
 
 
17.7
 
 
 
(0.9
)
 
 
21.9
 
 
 
--
 
 
 
0.6
 
 
 
22.5
 
Other long-term liabilities
 
 
15.6
 
 
 
189.4
 
 
 
--
 
 
 
205.0
 
 
 
--
 
 
 
--
 
 
 
205.0
 
Commitments and contingencies
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Equity:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 Partners' and other owners' equity
 
 
13,163.0
 
 
 
28,963.7
 
 
 
(28,961.1
)
 
 
13,165.6
 
 
 
13,187.7
 
 
 
(13,165.6
)
 
 
13,187.7
 
 Noncontrolling interests
 
 
--
 
 
 
74.7
 
 
 
56.4
 
 
 
131.1
 
 
 
--
 
 
 
(22.8
)
 
 
108.3
 
Total equity
 
 
13,163.0
 
 
 
29,038.4
 
 
 
(28,904.7
)
 
 
13,296.7
 
 
 
13,187.7
 
 
 
(13,188.4
)
 
 
13,296.0
 
Total liabilities and equity
 
$
33,569.9
 
 
$
32,842.2
 
 
$
(30,478.1
)
 
$
35,934.0
 
 
$
13,187.8
 
 
$
(13,187.4
)
 
$
35,934.4
 
 
Enterprise Products Partners L.P.
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.
Condensed Consolidating Statement of Operations
Year Ended December 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
 
$
29,654.7
 
 
$
28,221.5
 
 
$
(15,293.1
)
 
$
42,583.1
 
 
$
--
 
 
$
--
 
 
$
42,583.1
 
Costs and expenses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating costs and expenses
 
 
28,839.1
 
 
 
25,821.8
 
 
 
(15,293.0
)
 
 
39,367.9
 
 
 
--
 
 
 
--
 
 
 
39,367.9
 
General and administrative costs
 
 
26.1
 
 
 
142.7
 
 
 
--
 
 
 
168.8
 
 
 
1.5
 
 
 
--
 
 
 
170.3
 
Total costs and expenses
 
 
28,865.2
 
 
 
25,964.5
 
 
 
(15,293.0
)
 
 
39,536.7
 
 
 
1.5
 
 
 
--
 
 
 
39,538.2
 
Equity in income of unconsolidated affiliates
 
 
2,381.8
 
 
 
80.7
 
 
 
(2,398.2
)
 
 
64.3
 
 
 
2,421.4
 
 
 
(2,421.4
)
 
 
64.3
 
Operating income
 
 
3,171.3
 
 
 
2,337.7
 
 
 
(2,398.3
)
 
 
3,110.7
 
 
 
2,419.9
 
 
 
(2,421.4
)
 
 
3,109.2
 
Other income (expense):
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest expense
 
 
(767.1
)
 
 
(4.7
)
 
 
--
 
 
 
(771.8
)
 
 
--
 
 
 
--
 
 
 
(771.8
)
Other, net
 
 
0.1
 
 
 
73.3
 
 
 
--
 
 
 
73.4
 
 
 
--
 
 
 
--
 
 
 
73.4
 
Total other expense, net
 
 
(767.0
)
 
 
68.6
 
 
 
--
 
 
 
(698.4
)
 
 
--
 
 
 
--
 
 
 
(698.4
)
Income before income taxes
 
 
2,404.3
 
 
 
2,406.3
 
 
 
(2,398.3
)
 
 
2,412.3
 
 
 
2,419.9
 
 
 
(2,421.4
)
 
 
2,410.8
 
Provision for income taxes
 
 
15.7
 
 
 
2.4
 
 
 
--
 
 
 
18.1
 
 
 
--
 
 
 
(0.9
)
 
 
17.2
 
Net income
 
 
2,420.0
 
 
 
2,408.7
 
 
 
(2,398.3
)
 
 
2,430.4
 
 
 
2,419.9
 
 
 
(2,422.3
)
 
 
2,428.0
 
Net loss (income) attributable to noncontrolling interests
 
 
--
 
 
 
(5.1
)
 
 
(5.3
)
 
 
(10.4
)
 
 
--
 
 
 
2.3
 
 
 
(8.1
)
Net income attributable to entity
 
$
2,420.0
 
 
$
2,403.6
 
 
$
(2,403.6
)
 
$
2,420.0
 
 
$
2,419.9
 
 
$
(2,420.0
)
 
$
2,419.9
 

Enterprise Products Partners L.P.
Condensed Consolidating Statement of Operations
Year Ended 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
 
Revenues
 
$
33,063.8
 
 
$
27,971.8
 
 
$
(16,722.6
)
 
$
44,313.0
 
 
$
--
 
 
$
--
 
 
$
44,313.0
 
Costs and expenses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating costs and expenses
 
 
32,432.7
 
 
 
25,609.7
 
 
 
(16,723.9
)
 
 
41,318.5
 
 
 
--
 
 
 
--
 
 
 
41,318.5
 
General and administrative costs
 
 
10.4
 
 
 
163.7
 
 
 
--
 
 
 
174.1
 
 
 
7.7
 
 
 
--
 
 
 
181.8
 
Total costs and expenses
 
 
32,443.1
 
 
 
25,773.4
 
 
 
(16,723.9
)
 
 
41,492.6
 
 
 
7.7
 
 
 
--
 
 
 
41,500.3
 
Equity in income of unconsolidated affiliates
 
 
2,194.4
 
 
 
131.7
 
 
 
(2,279.7
)
 
 
46.4
 
 
 
2,054.6
 
 
 
(2,054.6
)
 
 
46.4
 
Operating income
 
 
2,815.1
 
 
 
2,330.1
 
 
 
(2,278.4
)
 
 
2,866.8
 
 
 
2,046.9
 
 
 
(2,054.6
)
 
 
2,859.1
 
Other income (expense):
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest expense
 
 
(725.1
)
 
 
(26.4
)
 
 
7.4
 
 
 
(744.1
)
 
 
--
 
 
 
--
 
 
 
(744.1
)
Other, net
 
 
7.8
 
 
 
0.1
 
 
 
(7.4
)
 
 
0.5
 
 
 
--
 
 
 
--
 
 
 
0.5
 
Total other expense, net
 
 
(717.3
)
 
 
(26.3
)
 
 
--
 
 
 
(743.6
)
 
 
--
 
 
 
--
 
 
 
(743.6
)
Income before income taxes
 
 
2,097.8
 
 
 
2,303.8
 
 
 
(2,278.4
)
 
 
2,123.2
 
 
 
2,046.9
 
 
 
(2,054.6
)
 
 
2,115.5
 
Provision for income taxes
 
 
(45.3
)
 
 
18.4
 
 
 
--
 
 
 
(26.9
)
 
 
--
 
 
 
(0.3
)
 
 
(27.2
)
Net income
 
 
2,052.5
 
 
 
2,322.2
 
 
 
(2,278.4
)
 
 
2,096.3
 
 
 
2,046.9
 
 
 
(2,054.9
)
 
 
2,088.3
 
Net loss (income) attributable to noncontrolling interests
 
 
--
 
 
 
(51.7
)
 
 
9.2
 
 
 
(42.5
)
 
 
--
 
 
 
1.1
 
 
 
(41.4
)
Net income attributable to entity
 
$
2,052.5
 
 
$
2,270.5
 
 
$
(2,269.2
)
 
$
2,053.8
 
 
$
2,046.9
 
 
$
(2,053.8
)
 
$
2,046.9
 
 
Enterprise Products Partners L.P.
Condensed Consolidating Statement of Operations
Year Ended 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
 
Revenues
 
$
26,152.3
 
 
$
19,791.6
 
 
$
(12,204.6
)
 
$
33,739.3
 
 
$
--
 
 
$
--
 
 
$
33,739.3
 
Costs and expenses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating costs and expenses
 
 
25,748.9
 
 
 
17,906.6
 
 
 
(12,206.2
)
 
 
31,449.3
 
 
 
--
 
 
 
--
 
 
 
31,449.3
 
General and administrative costs
 
 
15.7
 
 
 
183.6
 
 
 
--
 
 
 
199.3
 
 
 
5.5
 
 
 
--
 
 
 
204.8
 
Total costs and expenses
 
 
25,764.6
 
 
 
18,090.2
 
 
 
(12,206.2
)
 
 
31,648.6
 
 
 
5.5
 
 
 
--
 
 
 
31,654.1
 
Equity in income of unconsolidated affiliates
 
 
1,692.7
 
 
 
133.3
 
 
 
(1,764.0
)
 
 
62.0
 
 
 
1,427.2
 
 
 
(1,427.2
)
 
 
62.0
 
Operating income
 
 
2,080.4
 
 
 
1,834.7
 
 
 
(1,762.4
)
 
 
2,152.7
 
 
 
1,421.7
 
 
 
(1,427.2
)
 
 
2,147.2
 
Other income (expense):
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest expense
 
 
(653.4
)
 
 
(99.0
)
 
 
10.5
 
 
 
(741.9
)
 
 
--
 
 
 
--
 
 
 
(741.9
)
Other, net
 
 
11.0
 
 
 
4.0
 
 
 
(10.5
)
 
 
4.5
 
 
 
--
 
 
 
--
 
 
 
4.5
 
Total other expense, net
 
 
(642.4
)
 
 
(95.0
)
 
 
--
 
 
 
(737.4
)
 
 
--
 
 
 
--
 
 
 
(737.4
)
Income before income taxes
 
 
1,438.0
 
 
 
1,739.7
 
 
 
(1,762.4
)
 
 
1,415.3
 
 
 
1,421.7
 
 
 
(1,427.2
)
 
 
1,409.8
 
Provision for income taxes
 
 
(12.8
)
 
 
(13.0
)
 
 
--
 
 
 
(25.8
)
 
 
--
 
 
 
(0.3
)
 
 
(26.1
)
Net income
 
 
1,425.2
 
 
 
1,726.7
 
 
 
(1,762.4
)
 
 
1,389.5
 
 
 
1,421.7
 
 
 
(1,427.5
)
 
 
1,383.7
 
Net loss (income) attributable to noncontrolling interests
 
 
--
 
 
 
17.6
 
 
 
(80.9
)
 
 
(63.3
)
 
 
--
 
 
 
(999.6
)
 
 
(1,062.9
)
Net income attributable to entity
 
$
1,425.2
 
 
$
1,744.3
 
 
$
(1,843.3
)
 
$
1,326.2
 
 
$
1,421.7
 
 
$
(2,427.1
)
 
$
320.8
 
 
Enterprise Products Partners L.P.
Condensed Consolidating Statement of Comprehensive Income
Year Ended December 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
 
$
2,375.8
 
 
$
2,433.9
 
 
$
(2,398.3
)
 
$
2,411.4
 
 
$
2,400.9
 
 
$
(2,403.3
)
 
$
2,409.0
 
Comprehensive income attributable to noncontrolling interests
 
 
--
 
 
 
(5.1
)
 
 
(5.3
)
 
 
(10.4
)
 
 
--
 
 
 
2.3
 
 
 
(8.1
)
Comprehensive income attributable to entity
 
$
2,375.8
 
 
$
2,428.8
 
 
$
(2,403.6
)
 
$
2,401.0
 
 
$
2,400.9
 
 
$
(2,401.0
)
 
$
2,400.9
 

Enterprise Products Partners L.P.
Condensed Consolidating Statement of Comprehensive Income
Year Ended 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
 
Comprehensive income
 
$
1,737.4
 
 
$
2,319.4
 
 
$
(2,278.3
)
 
$
1,778.5
 
 
$
1,729.1
 
 
$
(1,737.1
)
 
$
1,770.5
 
Comprehensive income attributable to noncontrolling interests
 
 
--
 
 
 
(51.7
)
 
 
9.2
 
 
 
(42.5
)
 
 
--
 
 
 
1.1
 
 
 
(41.4
)
Comprehensive income attributable to entity
 
$
1,737.4
 
 
$
2,267.7
 
 
$
(2,269.1
)
 
$
1,736.0
 
 
$
1,729.1
 
 
$
(1,736.0
)
 
$
1,729.1
 

Enterprise Products Partners L.P.
Condensed Consolidating Statement of Comprehensive Income
Year Ended 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
 
Comprehensive income
 
$
1,430.7
 
 
$
1,725.7
 
 
$
(1,762.5
)
 
$
1,393.9
 
 
$
322.9
 
 
$
(328.8
)
 
$
1,388.0
 
Comprehensive income attributable to noncontrolling interests
 
 
--
 
 
 
(21.2
)
 
 
(44.3
)
 
 
(65.5
)
 
 
--
 
 
 
(999.6
)
 
 
(1,065.1
)
Comprehensive income attributable to entity
 
$
1,430.7
 
 
$
1,704.5
 
 
$
(1,806.8
)
 
$
1,328.4
 
 
$
322.9
 
 
$
(1,328.4
)
 
$
322.9
 
 
Enterprise Products Partners L.P.
Condensed Consolidating Statement of Cash Flows
Year Ended December 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
 
$
2,420.0
 
 
$
2,408.7
 
 
$
(2,398.3
)
 
$
2,430.4
 
 
$
2,419.9
 
 
$
(2,422.3
)
 
$
2,428.0
 
Reconciliation of net income to net cash flows provided by  operating activities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Depreciation, amortization and accretion
 
 
118.0
 
 
 
986.9
 
 
 
--
 
 
 
1,104.9
 
 
 
--
 
 
 
--
 
 
 
1,104.9
 
Equity in income of unconsolidated affiliates
 
 
(2,381.8
)
 
 
(80.7
)
 
 
2,398.2
 
 
 
(64.3
)
 
 
(2,421.4
)
 
 
2,421.4
 
 
 
(64.3
)
 Distributions received from unconsolidated affiliates
 
 
3,918.9
 
 
 
106.6
 
 
 
(3,908.8
)
 
 
116.7
 
 
 
2,209.3
 
 
 
(2,209.3
)
 
 
116.7
 
 Net effect of changes in operating accounts and other operating activities
 
 
(2,174.9
)
 
 
1,485.3
 
 
 
(0.8
)
 
 
(690.4
)
 
 
(4.9
)
 
 
0.9
 
 
 
(694.4
)
Net cash flows provided by operating activities
 
 
1,900.2
 
 
 
4,906.8
 
 
 
(3,909.7
)
 
 
2,897.3
 
 
 
2,202.9
 
 
 
(2,209.3
)
 
 
2,890.9
 
Investing activities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Capital expenditures, net of contributions in aid of construction costs
 
 
(219.5
)
 
 
(3,379.0
)
 
 
--
 
 
 
(3,598.5
)
 
 
--
 
 
 
--
 
 
 
(3,598.5
)
Proceeds from disposal of assets
 
 
1,137.2
 
 
 
61.6
 
 
 
--
 
 
 
1,198.8
 
 
 
--
 
 
 
--
 
 
 
1,198.8
 
Other investing activities
 
 
(2,961.4
)
 
 
(432.3
)
 
 
2,774.6
 
 
 
(619.1
)
 
 
(816.2
)
 
 
816.2
 
 
 
(619.1
)
Cash used in investing activities
 
 
(2,043.7
)
 
 
(3,749.7
)
 
 
2,774.6
 
 
 
(3,018.8
)
 
 
(816.2
)
 
 
816.2
 
 
 
(3,018.8
)
Financing activities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Borrowings under debt agreements
 
 
8,363.1
 
 
 
--
 
 
 
--
 
 
 
8,363.1
 
 
 
--
 
 
 
--
 
 
 
8,363.1
 
Repayments of debt
 
 
(6,666.9
)
 
 
(9.5
)
 
 
--
 
 
 
(6,676.4
)
 
 
--
 
 
 
--
 
 
 
(6,676.4
)
Cash distributions paid to partners
 
 
(2,209.3
)
 
 
(3,922.1
)
 
 
3,922.1
 
 
 
(2,209.3
)
 
 
(2,178.6
)
 
 
2,209.3
 
 
 
(2,178.6
)
 Cash distributions paid to noncontrolling interests
 
 
--
 
 
 
--
 
 
 
(13.3
)
 
 
(13.3
)
 
 
--
 
 
 
--
 
 
 
(13.3
)
 Cash contributions from noncontrolling interests
 
 
--
 
 
 
--
 
 
 
6.6
 
 
 
6.6
 
 
 
--
 
 
 
--
 
 
 
6.6
 
 Net cash proceeds from issuance of common units
 
 
--
 
 
 
--
 
 
 
--
 
 
 
--
 
 
 
816.8
 
 
 
--
 
 
 
816.8
 
Cash contributions from owners
 
 
816.2
 
 
 
2,781.2
 
 
 
(2,781.2
)
 
 
816.2
 
 
 
--
 
 
 
(816.2
)
 
 
--
 
Other financing activities
 
 
(169.3
)
 
 
--
 
 
 
--
 
 
 
(169.3
)
 
 
(24.7
)
 
 
--
 
 
 
(194.0
)
Cash provided by (used in) financing activities
 
 
133.8
 
 
 
(1,150.4
)
 
 
1,134.2
 
 
 
117.6
 
 
 
(1,386.5
)
 
 
1,393.1
 
 
 
124.2
 
Net change in cash and cash equivalents
 
 
(9.7
)
 
 
6.7
 
 
 
(0.9
)
 
 
(3.9
)
 
 
0.2
 
 
 
--
 
 
 
(3.7
)
Cash and cash equivalents, January 1
 
 
9.7
 
 
 
21.3
 
 
 
(11.2
)
 
 
19.8
 
 
 
--
 
 
 
--
 
 
 
19.8
 
Cash and cash equivalents, December 31
 
$
--
 
 
$
28.0
 
 
$
(12.1
)
 
$
15.9
 
 
$
0.2
 
 
$
--
 
 
$
16.1
 
 
Enterprise Products Partners L.P.
Condensed Consolidating Statement of Cash Flows
Year Ended 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
 
Operating activities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income
 
$
2,052.5
 
 
$
2,322.2
 
 
$
(2,278.4
)
 
$
2,096.3
 
 
$
2,046.9
 
 
$
(2,054.9
)
 
$
2,088.3
 
Reconciliation of net income to net cash flows provided by  operating activities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Depreciation, amortization and accretion
 
 
119.7
 
 
 
888.7
 
 
 
(1.4
)
 
 
1,007.0
 
 
 
--
 
 
 
--
 
 
 
1,007.0
 
Equity in income of unconsolidated affiliates
 
 
(2,194.4
)
 
 
(131.7
)
 
 
2,279.7
 
 
 
(46.4
)
 
 
(2,054.6
)
 
 
2,054.6
 
 
 
(46.4
)
 Distributions received from unconsolidated affiliates
 
 
150.3
 
 
 
196.8
 
 
 
(190.7
)
 
 
156.4
 
 
 
1,994.9
 
 
 
(1,994.9
)
 
 
156.4
 
 Net effect of changes in operating accounts and other operating activities
 
 
1,036.4
 
 
 
(118.5
)
 
 
(789.8
)
 
 
128.1
 
 
 
(3.4
)
 
 
0.5
 
 
 
125.2
 
Net cash flows provided by operating activities
 
 
1,164.5
 
 
 
3,157.5
 
 
 
(980.6
)
 
 
3,341.4
 
 
 
1,983.8
 
 
 
(1,994.7
)
 
 
3,330.5
 
Investing activities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Capital expenditures, net of contributions in aid of construction costs
 
 
(63.4
)
 
 
(3,779.2
)
 
 
--
 
 
 
(3,842.6
)
 
 
--
 
 
 
--
 
 
 
(3,842.6
)
Proceeds from disposal of assets
 
 
611.5
 
 
 
442.3
 
 
 
--
 
 
 
1,053.8
 
 
 
--
 
 
 
--
 
 
 
1,053.8
 
Other investing activities
 
 
(1,991.7
)
 
 
(1,312.6
)
 
 
3,315.5
 
 
 
11.2
 
 
 
(546.9
)
 
 
546.9
 
 
 
11.2
 
Cash used in investing activities
 
 
(1,443.6
)
 
 
(4,649.5
)
 
 
3,315.5
 
 
 
(2,777.6
)
 
 
(546.9
)
 
 
546.9
 
 
 
(2,777.6
)
Financing activities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Borrowings under debt agreements
 
 
7,764.1
 
 
 
560.0
 
 
 
--
 
 
 
8,324.1
 
 
 
--
 
 
 
--
 
 
 
8,324.1
 
Repayments of debt
 
 
(5,970.0
)
 
 
(1,405.8
)
 
 
--
 
 
 
(7,375.8
)
 
 
--
 
 
 
--
 
 
 
(7,375.8
)
Cash distributions paid to partners
 
 
(1,994.9
)
 
 
(946.8
)
 
 
946.8
 
 
 
(1,994.9
)
 
 
(1,974.3
)
 
 
1,994.9
 
 
 
(1,974.3
)
 Cash distributions paid to noncontrolling interests
 
 
--
 
 
 
(108.1
)
 
 
47.4
 
 
 
(60.7
)
 
 
--
 
 
 
--
 
 
 
(60.7
)
 Cash contributions from noncontrolling interests
 
 
--
 
 
 
724.8
 
 
 
(716.1
)
 
 
8.7
 
 
 
--
 
 
 
(0.2
)
 
 
8.5
 
 Net cash proceeds from issuance of common units
 
 
--
 
 
 
--
 
 
 
--
 
 
 
--
 
 
 
542.9
 
 
 
--
 
 
 
542.9
 
Cash contributions from owners
 
 
546.9
 
 
 
2,621.3
 
 
 
(2,621.3
)
 
 
546.9
 
 
 
--
 
 
 
(546.9
)
 
 
--
 
Other financing activities
 
 
(57.8
)
 
 
--
 
 
 
--
 
 
 
(57.8
)
 
 
(5.5
)
 
 
--
 
 
 
(63.3
)
Cash provided by (used in) financing activities
 
 
288.3
 
 
 
1,445.4
 
 
 
(2,343.2
)
 
 
(609.5
)
 
 
(1,436.9
)
 
 
1,447.8
 
 
 
(598.6
)
Net change in cash and cash equivalents
 
 
9.2
 
 
 
(46.6
)
 
 
(8.3
)
 
 
(45.7
)
 
 
--
 
 
 
--
 
 
 
(45.7
)
Cash and cash equivalents, January 1
 
 
0.5
 
 
 
67.9
 
 
 
(2.9
)
 
 
65.5
 
 
 
--
 
 
 
--
 
 
 
65.5
 
Cash and cash equivalents, December 31
 
$
9.7
 
 
$
21.3
 
 
$
(11.2
)
 
$
19.8
 
 
$
--
 
 
$
--
 
 
$
19.8
 
 
Enterprise Products Partners L.P.
Condensed Consolidating Statement of Cash Flows
Year Ended 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
 
Operating activities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income
 
$
1,425.2
 
 
$
1,726.7
 
 
$
(1,762.4
)
 
$
1,389.5
 
 
$
1,421.7
 
 
$
(1,427.5
)
 
$
1,383.7
 
Reconciliation of net income to net cash flows provided by  operating activities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Depreciation, amortization and accretion
 
 
109.2
 
 
 
877.3
 
 
 
(1.4
)
 
 
985.1
 
 
 
--
 
 
 
--
 
 
 
985.1
 
Equity in income of unconsolidated affiliates
 
 
(1,692.7
)
 
 
(133.3
)
 
 
1,764.0
 
 
 
(62.0
)
 
 
(1,427.2
)
 
 
1,427.2
 
 
 
(62.0
)
 Distributions received from unconsolidated affiliates
 
 
186.1
 
 
 
244.5
 
 
 
(238.7
)
 
 
191.9
 
 
 
1,714.4
 
 
 
(1,714.4
)
 
 
191.9
 
 Net effect of changes in operating accounts and other operating activities
 
 
28.6
 
 
 
609.5
 
 
 
(840.9
)
 
 
(202.8
)
 
 
(275.8
)
 
 
279.9
 
 
 
(198.7
)
Net cash flows provided by operating activities
 
 
56.4
 
 
 
3,324.7
 
 
 
(1,079.4
)
 
 
2,301.7
 
 
 
1,433.1
 
 
 
(1,434.8
)
 
 
2,300.0
 
Investing activities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 Capital expenditures, net of contributions in aid of construction costs
 
 
(19.2
)
 
 
(1,982.9
)
 
 
--
 
 
 
(2,002.1
)
 
 
--
 
 
 
--
 
 
 
(2,002.1
)
Cash used for business combinations
 
 
(40.7
)
 
 
(1,273.2
)
 
 
--
 
 
 
(1,313.9
)
 
 
--
 
 
 
--
 
 
 
(1,313.9
)
Other investing activities
 
 
(1,827.3
)
 
 
144.3
 
 
 
1,747.4
 
 
 
64.4
 
 
 
(1,653.6
)
 
 
1,653.6
 
 
 
64.4
 
Cash used in investing activities
 
 
(1,887.2
)
 
 
(3,111.8
)
 
 
1,747.4
 
 
 
(3,251.6
)
 
 
(1,653.6
)
 
 
1,653.6
 
 
 
(3,251.6
)
Financing activities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Borrowings under debt agreements
 
 
5,977.7
 
 
 
506.7
 
 
 
--
 
 
 
6,484.4
 
 
 
--
 
 
 
--
 
 
 
6,484.4
 
Repayments of debt
 
 
(4,085.8
)
 
 
(1,258.6
)
 
 
--
 
 
 
(5,344.4
)
 
 
--
 
 
 
--
 
 
 
(5,344.4
)
Cash distributions paid to partners
 
 
(1,714.4
)
 
 
(1,217.1
)
 
 
1,186.7
 
 
 
(1,744.8
)
 
 
(307.7
)
 
 
1,744.8
 
 
 
(307.7
)
 Cash distributions paid to noncontrolling interests
 
 
--
 
 
 
(117.7
)
 
 
44.7
 
 
 
(73.0
)
 
 
--
 
 
 
(1,394.8
)
 
 
(1,467.8
)
 Cash contributions from noncontrolling interests
 
 
--
 
 
 
517.6
 
 
 
(512.8
)
 
 
4.8
 
 
 
--
 
 
 
1,091.7
 
 
 
1,096.5
 
 Net cash proceeds from issuance of common units
 
 
--
 
 
 
--
 
 
 
--
 
 
 
--
 
 
 
528.5
 
 
 
--
 
 
 
528.5
 
Cash contributions from owners
 
 
1,653.7
 
 
 
1,383.3
 
 
 
(1,383.3
)
 
 
1,653.7
 
 
 
--
 
 
 
(1,653.7
)
 
 
--
 
Other financing activities
 
 
(14.3
)
 
 
(6.8
)
 
 
--
 
 
 
(21.1
)
 
 
(0.3
)
 
 
(7.0
)
 
 
(28.4
)
Cash provided by (used in) financing activities
 
 
1,816.9
 
 
 
(192.6
)
 
 
(664.7
)
 
 
959.6
 
 
 
220.5
 
 
 
(219.0
)
 
 
961.1
 
Effect of exchange rate changes on cash
 
 
--
 
 
 
0.7
 
 
 
--
 
 
 
0.7
 
 
 
--
 
 
 
--
 
 
 
0.7
 
Net change in cash and cash equivalents
 
 
(13.9
)
 
 
20.3
 
 
 
3.3
 
 
 
9.7
 
 
 
--
 
 
 
(0.2
)
 
 
9.5
 
Cash and cash equivalents, January 1
 
 
14.4
 
 
 
46.9
 
 
 
(6.2
)
 
 
55.1
 
 
 
--
 
 
 
0.2
 
 
 
55.3
 
Cash and cash equivalents, December 31
 
$
0.5
 
 
$
67.9
 
 
$
(2.9
)
 
$
65.5
 
 
$
--
 
 
$
--
 
 
$
65.5