Enterprise Products Partners L.P.

SEC Filings

10-Q
GULFTERRA ENERGY PARTNERS L P filed this Form 10-Q on 05/15/1996
Entire Document
 
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             LEVIATHAN GAS PIPELINE PARTNERS, L.P. AND SUBSIDIARIES
                           CONSOLIDATED BALANCE SHEET
                                 (In thousands)



<TABLE>
<CAPTION>
                                                                      March 31,        December 31,
                                                                        1996               1995
                                                                    -------------      ------------
        ASSETS                                                       (unaudited)
<S>                                                                 <C>                <C>
Current assets:
   Cash and cash equivalents                                        $     6,607        $    15,506
   Accounts receivable                                                    5,459              2,795
   Accounts receivable from affiliates                                   13,524              6,595
   Other current assets                                                     828                762
                                                                    -----------        -----------
      Total current assets                                               26,418             25,658
                                                                    -----------        -----------

Equity investments                                                      121,170             82,441
Property, plant and equipment:
   Pipelines                                                            128,882            181,551
   Platforms and facilities                                              71,894             71,586
   Oil and gas properties, at cost, using
     successful efforts method                                           63,735             47,993
                                                                    -----------        -----------
                                                                        264,511            301,130
   Less accumulated depreciation and depletion                           20,896             15,855
                                                                    -----------        -----------
      Property, plant and equipment, net                                243,615            285,275
                                                                    -----------        -----------
Investment in affiliate                                                   7,500                -
Other noncurrent receivable                                               7,688                -
Other noncurrent assets                                                   5,277              5,322
                                                                    -----------        -----------

      Total assets                                                  $   411,668        $   398,696
                                                                    ===========        ===========


  LIABILITIES AND PARTNERS' CAPITAL

Current liabilities:
   Accounts payable and accrued liabilities                         $    25,732        $    70,717
   Accounts payable to affiliates                                         1,229                178
   Current portion of notes payable                                       6,294              2,000
                                                                    -----------        -----------
      Total current liabilities                                          33,255             72,895
Deferred federal income taxes                                             2,313              2,539
Deferred revenue                                                         13,534                -
Note payable                                                            171,206            135,780
Other noncurrent liabilities                                                914                621
                                                                    -----------        -----------
      Total liabilities                                                 221,222            211,835
                                                                    -----------        -----------
Minority interest liability                                                  79                 20
Partners' capital                                                       190,367            186,841
                                                                    -----------        -----------

      Total liabilities and partners' capital                       $   411,668        $   398,696
                                                                    ===========        ===========
</TABLE>



    The accompanying notes are an integral part of this financial statement.


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