Enterprise Products Partners L.P.

SEC Filings

10-Q
GULFTERRA ENERGY PARTNERS L P filed this Form 10-Q on 08/13/1996
Entire Document
 
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             LEVIATHAN GAS PIPELINE PARTNERS, L.P. AND SUBSIDIARIES
                           CONSOLIDATED BALANCE SHEET
                                 (In thousands)




<TABLE>
<CAPTION>
                                                                     June 30,         December 31,
                                                                       1996               1995
                                                                     --------         ------------
                                                                    (unaudited)
<S>                                                                 <C>                <C>
            ASSETS
Current assets:
   Cash and cash equivalents                                        $     5,517             15,506
   Accounts receivable                                                    9,528              2,795
   Accounts receivable from affiliates                                   10,097              6,595
   Other current assets                                                     725                762
                                                                    -----------        -----------
      Total current assets                                               25,867             25,658
                                                                    -----------        -----------

Equity investments                                                      119,937             82,441
Property, plant and equipment:
   Pipelines                                                            131,979            181,551
   Platforms and facilities                                              73,341             71,586
   Oil and gas properties, at cost, using
     successful efforts method                                           79,814             47,993
                                                                    -----------        -----------
                                                                        285,134            301,130
   Less accumulated depreciation and depletion                           26,392             15,855
                                                                    -----------        -----------
      Property, plant and equipment, net                                258,742            285,275
                                                                    -----------        -----------
Investment in affiliate                                                   7,500                -
Other noncurrent receivable                                               7,969                -
Other noncurrent assets                                                   5,225              5,322
                                                                    -----------        -----------

      Total assets                                                  $   425,240        $   398,696
                                                                    ===========        ===========


  LIABILITIES AND PARTNERS' CAPITAL

Current liabilities:
   Accounts payable and accrued liabilities                         $    23,967        $    70,717
   Accounts payable to affiliates                                         1,406                178
   Current portion of notes payable                                      10,588              2,000
                                                                    -----------        -----------
      Total current liabilities                                          35,961             72,895
Deferred federal income taxes                                             2,151              2,539
Deferred revenue                                                         11,700                -
Note payable                                                            182,412            135,780
Other noncurrent liabilities                                              1,391                621
                                                                    -----------        -----------
      Total liabilities                                                 233,615            211,835
                                                                    -----------        -----------
Minority interest liability                                                  94                 20
Partners' capital                                                       191,531            186,841
                                                                    -----------        -----------
      Total liabilities and partners' capital                       $   425,240        $   398,696
                                                                    ===========        ===========
</TABLE>


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

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