Enterprise Products Partners L.P.

SEC Filings

10-Q
GULFTERRA ENERGY PARTNERS L P filed this Form 10-Q on 11/12/1996
Entire Document
 
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             LEVIATHAN GAS PIPELINE PARTNERS, L.P. AND SUBSIDIARIES
                           CONSOLIDATED BALANCE SHEET
                                 (In thousands)




<TABLE>
<CAPTION>
                                                             September 30,       December 31,
                                                                 1996               1995     
                                                            ---------------    --------------
   ASSETS                                                     (unaudited)
<S>                                                           <C>                <C>
Current assets:                                          
   Cash and cash equivalents                                  $     9,213             15,506
   Accounts receivable                                              8,949              2,795
   Accounts receivable from affiliates                              8,232              6,595
   Other current assets                                               708                762
                                                              -----------        -----------
      Total current assets                                         27,102             25,658
                                                              -----------        -----------
                                                         
Equity investments                                                118,788             82,441
Property, plant and equipment:                           
   Pipelines                                                      144,791            181,551
   Platforms and facilities                                        73,924             71,586
   Oil and gas properties, at cost, using                
     successful efforts method                                     99,081             47,993
                                                              -----------        -----------
                                                                  317,796            301,130
   Less accumulated depreciation and depletion                     34,739             15,855
                                                              -----------        -----------
      Property, plant and equipment, net                          283,057            285,275
                                                              -----------        -----------
Investment in affiliate                                             7,500                --
Other noncurrent receivable                                         8,250                --
Other noncurrent assets                                             5,006              5,322
                                                              -----------        -----------
                                                         
      Total assets                                            $   449,703        $   398,696
                                                              ===========        ===========


  LIABILITIES AND PARTNERS' CAPITAL

Current liabilities:
   Accounts payable and accrued liabilities                   $    29,646        $    70,717
   Accounts payable to affiliates                                     304                178
   Current portion of notes payable                                14,882              2,000
                                                              -----------        -----------
      Total current liabilities                                    44,832             72,895
Deferred federal income taxes                                       1,956              2,539
Deferred revenue                                                    9,918                --
Note payable                                                      198,118            135,780
Other noncurrent liabilities                                        1,942                621
                                                              -----------        -----------
      Total liabilities                                           256,766            211,835
                                                              -----------        -----------
Minority interest                                                     109                 20
Partners' capital                                                 192,828            186,841
                                                              -----------        -----------
                                                              
      Total liabilities and partners' capital                 $   449,703        $   398,696
                                                              ===========        ===========

</TABLE>





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

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