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Operations by Line of Business (Tables)
12 Months Ended
Dec. 31, 2014
Segment Reporting [Abstract]  
Summary of operating results by line of business
The following table is a summary of operating results for the year ended December 31, 2014, by line of business:
 
QEP Energy
 
QEP Marketing
 and Other
 
Eliminations
 
Discontinued Operations
 
QEP
Consolidated
 
(in millions)
REVENUES
 
 
 
 
 
 
 
 
 
From unaffiliated customers
$
2,524.6

 
$
889.7

 
$

 
$

 
$
3,414.3

From affiliated customers

 
1,492.6

 
(1,492.6
)
 

 

Total Revenues
2,524.6

 
2,382.3

 
(1,492.6
)
 


3,414.3

OPERATING EXPENSES
 

 
 

 
 

 
 
 


Purchased gas, oil and NGL expense
150.0

 
2,356.6

 
(1,475.4
)
 

 
1,031.2

Lease operating expense
240.1

 

 

 

 
240.1

Gas, oil and NGL transportation and other handling costs
291.5

 

 
(13.9
)
 

 
277.6

Gathering and other expense

 
6.8

 
(0.1
)
 

 
6.7

General and administrative
201.3

 
6.3

 
(3.2
)
 

 
204.4

Production and property taxes
204.0

 
1.2

 

 

 
205.2

Depreciation, depletion and amortization
984.4

 
10.3

 

 

 
994.7

Impairment and exploration expenses
1,153.1

 

 

 

 
1,153.1

Total Operating Expenses
3,224.4

 
2,381.2

 
(1,492.6
)
 


4,113.0

Net gain (loss) from asset sales
(148.6
)
 

 

 

 
(148.6
)
OPERATING INCOME (LOSS)
(848.4
)
 
1.1

 

 


(847.3
)
Realized and unrealized gains (losses) on derivative contracts
367.2

 
(3.9
)
 

 

 
363.3

Interest and other income
11.8

 
209.7

 
(208.7
)
 

 
12.8

Income from unconsolidated affiliates
0.3

 

 

 

 
0.3

Loss from early extinguishment of debt

 
(2.0
)
 

 

 
(2.0
)
Interest expense
(210.3
)
 
(167.5
)
 
208.7

 

 
(169.1
)
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES
(679.4
)
 
37.4

 

 


(642.0
)
Income tax (provision) benefit
246.9

 
(14.4
)
 

 

 
232.5

NET INCOME (LOSS) FROM CONTINUING OPERATIONS
(432.5
)
 
23.0

 

 


(409.5
)
Net income from discontinued operations, net of income tax

 

 

 
1,193.9

 
1,193.9

NET INCOME (LOSS) ATTRIBUTABLE TO QEP
$
(432.5
)
 
$
23.0

 
$

 
$
1,193.9


$
784.4

Identifiable total assets
$
8,001.1

 
$
1,285.7

 
$

 
$

 
$
9,286.8

Cash capital expenditures
2,660.3

 
10.9

 

 
55.2

 
$
2,726.4

Accrued capital expenditures
2,670.5

 
13.6

 

 
50.7

 
$
2,734.8


The following table is a summary of operating results for the year ended December 31, 2013, by line of business:
 
QEP Energy
 
QEP Marketing
and Other
 
Eliminations
 
Discontinued Operations
 
QEP
Consolidated
 
(in millions)
REVENUES
 
 
 
 
 
 
 
 
 
From unaffiliated customers
$
2,092.8

 
$
592.3

 
$

 
$

 
$
2,685.1

From affiliated customers

 
1,008.9

 
(1,008.9
)
 

 

Total Revenues
2,092.8

 
1,601.2

 
(1,008.9
)


 
2,685.1

OPERATING EXPENSES
 

 
 

 
 

 
 
 


Purchased gas, oil and NGL expense
197.1

 
1,570.5

 
(984.1
)
 

 
783.5

Lease operating expense
181.3

 

 

 

 
181.3

Gas, oil and NGL transportation and other handling costs
242.2

 

 
(20.2
)
 

 
222.0

Gathering and other expense

 
8.4

 

 

 
8.4

General and administrative
160.6

 
4.4

 
(4.6
)
 

 
160.4

Production and property taxes
159.8

 
1.5

 

 

 
161.3

Depreciation, depletion and amortization
954.2

 
9.6

 

 

 
963.8

Impairment and exploration expenses
104.9

 

 

 

 
104.9

Total Operating Expenses
2,000.1

 
1,594.4

 
(1,008.9
)


 
2,585.6

Net gain (loss) from asset sales
104.1

 
(0.6
)
 

 

 
103.5

OPERATING INCOME (LOSS)
196.8

 
6.2

 



 
203.0

Realized and unrealized gains (losses) on derivative contracts
59.1

 
(0.2
)
 

 

 
58.9

Interest and other income
3.6

 
206.9

 
(195.3
)
 

 
15.2

Income from unconsolidated affiliates
0.2

 

 

 

 
0.2

Interest expense
(192.6
)
 
(167.8
)
 
195.3

 

 
(165.1
)
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES
67.1

 
45.1

 



 
112.2

Income tax provision
(41.5
)
 
(18.6
)
 

 

 
(60.1
)
NET INCOME (LOSS) FROM CONTINUING OPERATIONS
25.6

 
26.5

 



 
52.1

Net income from discontinued operations, net of income tax

 

 

 
107.3

 
107.3

NET INCOME (LOSS ATTRIBUTABLE TO QEP
$
25.6

 
$
26.5

 
$


$
107.3

 
$
159.4

Identifiable total assets
$
7,937.0

 
$
182.2

 
$

 
$
1,289.7

 
$
9,408.9

Cash capital expenditures
1,488.6

 
25.1

 

 
88.9

 
$
1,602.6

Accrued capital expenditures
1,467.2

 
24.6

 

 
85.6

 
$
1,577.4

    
The following table is a summary of operating results for the year ended December 31, 2012, by line of business:
 
QEP Energy
 
QEP Marketing
and Other
 
Eliminations
 
Discontinued Operations
 
QEP
Consolidated
 
(in millions)
REVENUES
 
 
 
 
 
 
 
 
 
From unaffiliated customers
$
1,615.4

 
$
456.3

 
$

 
$

 
$
2,071.7

From affiliated customers

 
611.2

 
(611.2
)
 

 

Total Revenues
1,615.4

 
1,067.5

 
(611.2
)


 
2,071.7

OPERATING EXPENSES
 

 
 

 
 

 
 
 


Purchased gas, oil and NGL expense
224.7

 
1,021.1

 
(575.1
)
 

 
670.7

Lease operating expense
175.8

 

 

 

 
175.8

Gas, oil and NGL transportation and other handling costs
228.1

 

 
(30.0
)
 

 
198.1

Gathering and other expense

 
8.2

 

 

 
8.2

General and administrative
252.8

 
1.7

 
(6.1
)
 

 
248.4

Production and property taxes
97.2

 
1.3

 

 

 
98.5

Depreciation, depletion and amortization
838.4

 
11.8

 
 
 

 
850.2

Impairment and exploration expenses
144.2

 

 

 

 
144.2

Total Operating Expenses
1,961.2

 
1,044.1

 
(611.2
)


 
2,394.1

Net gain from asset sales
1.2

 

 

 

 
1.2

OPERATING INCOME (LOSS)
(344.6
)
 
23.4

 



 
(321.2
)
Realized and unrealized gains (losses) on derivative contracts
434.9

 
(1.4
)
 

 

 
433.5

Interest and other income
6.2

 
132.3

 
(123.5
)
 

 
15.0

Income from unconsolidated affiliates
0.1

 

 

 

 
0.1

Loss on extinguishment of debt

 
(0.6
)
 

 

 
(0.6
)
Interest expense
(116.8
)
 
(133.0
)
 
123.5

 

 
(126.3
)
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES
(20.2
)
 
20.7

 



 
0.5

Net Income tax benefit (provision)
12.1

 
(10.2
)
 

 

 
1.9

NET INCOME (LOSS) FROM CONTINUING OPERATIONS
(8.1
)
 
10.5

 



 
2.4

Net income from discontinued operations, net of income tax

 

 

 
125.9

 
125.9

NET INCOME (LOSS) ATTRIBUTABLE TO QEP
$
(8.1
)
 
$
10.5

 
$


$
125.9

 
$
128.3

Identifiable assets
$
7,436.5

 
$
244.6

 
$

 
$
1,427.4

 
$
9,108.5

Cash capital expenditures
2,621.1

 
22.4

 

 
156.2

 
2,799.7

Accrued capital expenditures
2,702.4

 
21.6

 

 
164.2

 
2,888.2

Goodwill
59.5

 

 

 

 
59.5