Business Segments (Tables)

12 Months Ended

Dec. 31, 2012

Measurement of Total Segment Gross Operating Margin

The following table presents our measurement of total segment gross operating margin for the periods indicated:

	For Year Ended December 31,
	2012			2011			2010
Revenues	$	42,583.1		$	44,313.0		$	33,739.3
Less: Operating costs and expenses		(39,367.9	)		(41,318.5	)		(31,449.3	)
Add: Equity in income of unconsolidated affiliates		64.3			46.4			62.0
Depreciation, amortization and accretion recorded in operating costs and expenses		1,061.7			958.7			936.3
Non-cash asset impairment charges recorded in operating costs and expenses		63.4			27.8			8.4
Operating lease expenses paid by EPCO recorded in operating costs and expenses		--			0.3			0.7
Gains attributable to disposal of assets recorded in operating costs and expenses		(17.6	)		(156.0	)		(44.4	)
Total segment gross operating margin	$	4,387.0		$	3,871.7		$	3,253.0

Reconciliation of Total Segment Gross Operating Margin to Operating Income and Income Before Provision for Income Taxes

The following table presents a reconciliation of total segment gross operating margin to operating income and further to income before income taxes for the periods indicated:

	For Year Ended December 31,
	2012			2011			2010
Total segment gross operating margin	$	4,387.0		$	3,871.7		$	3,253.0
Adjustments to reconcile total segment gross operating margin to operating income:
Amounts included in operating costs and expenses:
Depreciation, amortization and accretion		(1,061.7	)		(958.7	)		(936.3	)
Non-cash asset impairment charges		(63.4	)		(27.8	)		(8.4	)
Operating lease expenses paid by EPCO		--			(0.3	)		(0.7	)
Gains attributable to disposal of assets		17.6			156.0			44.4
General and administrative costs		(170.3	)		(181.8	)		(204.8	)
Operating income		3,109.2			2,859.1			2,147.2
Other expense, net		(698.4	)		(743.6	)		(737.4	)
Income before income taxes	$	2,410.8		$	2,115.5		$	1,409.8

Information by Business Segments

Information by business segment, together with reconciliations to our consolidated financial statement totals, is presented in the following table:

	Reportable Business Segments
	NGL Pipelines & Services		Onshore Natural Gas Pipelines & Services		Onshore Crude Oil Pipelines & Services			Offshore Pipelines & Services		Petrochemical & Refined Products Services			Other Investments			Adjustments and Eliminations			Consolidated Total
Revenues from third parties:
Year ended December 31, 2012	$	15,158.9	$	3,297.7	$	17,661.6		$	182.7	$	6,208.9		$	--		$	--		$	42,509.8
Year ended December 31, 2011		16,938.1		3,510.0		16,061.0			246.4		6,782.4			--			--			43,537.9
Year ended December 31, 2010		13,736.8		3,479.4		10,794.7			300.3		4,729.7			--			--			33,040.9
Revenues from related parties:
Year ended December 31, 2012		9.5		54.9		0.1			8.8		--			--			--			73.3
Year ended December 31, 2011		545.2		220.2		0.1			9.6		--			--			--			775.1
Year ended December 31, 2010		465.7		222.2		0.1			10.4		--			--			--			698.4
Intersegment and intrasegment revenues:
Year ended December 31, 2012		12,500.6		871.6		6,906.9			10.4		1,758.9			--			(22,048.4	)		--
Year ended December 31, 2011		13,657.7		1,131.8		4,904.3			6.6		1,799.1			--			(21,499.5	)		--
Year ended December 31, 2010		10,209.9		900.8		927.0			3.6		1,106.7			--			(13,148.0	)		--
Total revenues:
Year ended December 31, 2012		27,669.0		4,224.2		24,568.6			201.9		7,967.8			--			(22,048.4	)		42,583.1
Year ended December 31, 2011		31,141.0		4,862.0		20,965.4			262.6		8,581.5			--			(21,499.5	)		44,313.0
Year ended December 31, 2010		24,412.4		4,602.4		11,721.8			314.3		5,836.4			--			(13,148.0	)		33,739.3
Equity in income (loss) of unconsolidated affiliates:
Year ended December 31, 2012		15.9		4.4		32.6			26.9		(17.9	)		2.4			--			64.3
Year ended December 31, 2011		21.8		5.5		(4.1	)		27.1		(18.7	)		14.8			--			46.4
Year ended December 31, 2010		17.7		4.6		6.7			44.8		(9.0	)		(2.8	)		--			62.0
Gross operating margin:
Year ended December 31, 2012		2,468.5		775.5		387.7			173.0		579.9			2.4			--			4,387.0
Year ended December 31, 2011		2,184.2		675.3		234.0			228.2		535.2			14.8			--			3,871.7
Year ended December 31, 2010		1,732.6		527.2		113.7			297.8		584.5			(2.8	)		--			3,253.0
Property, plant and equipment, net: (see Note 8)
At December 31, 2012		8,494.8		8,950.1		1,385.9			1,343.0		2,559.5			--			2,113.1			24,846.4
At December 31, 2011		7,137.8		8,495.4		456.9			1,416.4		2,539.5			--			2,145.6			22,191.6
At December 31, 2010		6,813.1		6,595.0		427.9			1,390.9		2,498.8			--			1,607.2			19,332.9
Investments in unconsolidated affiliates: (see Note 9)
At December 31, 2012		324.6		24.9		493.8			479.0		72.3			--			--			1,394.6
At December 31, 2011		146.1		30.1		170.7			424.9		64.7			1,023.1			--			1,859.6
At December 31, 2010		131.5		32.6		172.2			443.2		76.8			1,436.8			--			2,293.1
Intangible assets, net: (see Note 11)
At December 31, 2012		320.6		1,067.9		5.9			66.2		106.2			--			--			1,566.8
At December 31, 2011		341.3		1,127.8		5.8			77.5		103.8			--			--			1,656.2
At December 31, 2010		379.7		1,246.1		6.2			88.7		121.0			--			--			1,841.7
Goodwill: (see Note 11)
At December 31, 2012		341.2		296.3		311.2			82.1		1,056.0			--			--			2,086.8
At December 31, 2011		341.2		296.3		311.2			82.1		1,061.5			--			--			2,092.3
At December 31, 2010		341.2		311.1		311.2			82.1		1,062.1			--			--			2,107.7
Segment assets:
At December 31, 2012		9,481.2		10,339.2		2,196.8			1,970.3		3,794.0			--			2,113.1			29,894.6
At December 31, 2011		7,966.4		9,949.6		944.6			2,000.9		3,769.5			1,023.1			2,145.6			27,799.7
At December 31, 2010		7,665.5		8,184.8		917.5			2,004.9		3,758.7			1,436.8			1,607.2			25,575.4

Consolidated Revenues and Expenses

The following table presents additional information regarding our consolidated revenues and costs and expenses for the periods indicated:

	For Year Ended December 31,
	2012			2011			2010
NGL Pipelines & Services:
Sales of NGLs and related products	$	14,218.5		$	16,724.6		$	13,449.4
Midstream services		949.9			758.7			753.1
Total		15,168.4			17,483.3			14,202.5
Onshore Natural Gas Pipelines & Services:
Sales of natural gas		2,395.4			2,866.5			2,928.7
Midstream services		957.2			863.7			772.9
Total		3,352.6			3,730.2			3,701.6
Onshore Crude Oil Pipelines & Services:
Sales of crude oil		17,548.7			15,962.6			10,710.4
Midstream services		113.0			98.5			84.4
Total		17,661.7			16,061.1			10,794.8
Offshore Pipelines & Services:
Sales of natural gas		0.4			1.1			1.3
Sales of crude oil		3.3			9.4			9.5
Midstream services		187.8			245.5			299.9
Total		191.5			256.0			310.7
Petrochemical & Refined Products Services:
Sales of petrochemicals and refined products		5,470.9			6,000.6			4,009.1
Midstream services		738.0			781.8			720.6
Total		6,208.9			6,782.4			4,729.7
Total consolidated revenues	$	42,583.1		$	44,313.0		$	33,739.3

Consolidated costs and expenses
Operating costs and expenses:
Cost of sales	$	36,015.5		$	38,292.6		$	28,723.1
Other operating costs and expenses (1)		2,244.9			2,195.4			1,825.9
Depreciation, amortization and accretion		1,061.7			958.7			936.3
Gains attributable to disposal of assets		(17.6	)		(156.0	)		(44.4	)
Non-cash asset impairment charges		63.4			27.8			8.4
General and administrative costs		170.3			181.8			204.8
Total consolidated costs and expenses	$	39,538.2		$	41,500.3		$	31,654.1

(1) Represents cost of operating our plants, pipelines and other fixed assets, excluding non-cash depreciation, amortization and accretion charges.

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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