Enterprise Products Partners L.P.

SEC Filings

10-Q
GULFTERRA ENERGY PARTNERS L P filed this Form 10-Q on 08/09/2004
Entire Document
 
<PAGE>
 
                        GULFTERRA ENERGY PARTNERS, L.P.
 
           CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
              AND CHANGES IN ACCUMULATED OTHER COMPREHENSIVE LOSS
                                 (IN THOUSANDS)
                                  (UNAUDITED)
 
COMPREHENSIVE INCOME
 

<Table>
<Caption>
                                                        QUARTER ENDED      SIX MONTHS ENDED
                                                          JUNE 30,             JUNE 30,
                                                      -----------------   -------------------
                                                       2004      2003       2004       2003
                                                      -------   -------   --------    -------
<S>                                                   <C>       <C>       <C>         <C>
Net income..........................................  $47,477   $49,297   $103,043    $91,512
Other comprehensive income (loss)...................    2,127       272     (2,172)    (5,443)
                                                      -------   -------   --------    -------
Total comprehensive income..........................  $49,604   $49,569   $100,871    $86,069
                                                      =======   =======   ========    =======
</Table>

 
ACCUMULATED OTHER COMPREHENSIVE LOSS
 

<Table>
<Caption>
                                                              JUNE 30,    DECEMBER 31,
                                                                2004          2003
                                                              --------    ------------
<S>                                                           <C>         <C>
Beginning balance...........................................  $ (9,027)     $ (5,622)
  Unrealized mark-to-market losses on cash flow hedges
     arising during period..................................   (10,716)      (12,924)
  Reclassification adjustments for changes in initial value
     of derivative instruments to settlement date...........     8,544        10,018
  Accumulated other comprehensive loss from investment in
     unconsolidated affiliate...............................        --          (499)
                                                              --------      --------
Ending balance..............................................  $(11,199)     $ (9,027)
                                                              ========      ========
Accumulated other comprehensive loss allocated to:
  Common units' interest....................................  $ (9,305)     $ (7,488)
                                                              ========      ========
  Series C units' interest..................................  $ (1,742)     $ (1,409)
                                                              ========      ========
  General partner's interests...............................  $   (152)     $   (130)
                                                              ========      ========
</Table>

 
                            See accompanying notes.
 
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