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
 
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<Table>
<Caption>
                                  NATURAL GAS     OIL AND     NATURAL
                                 PIPELINES AND      NGL         GAS      PLATFORM   NON-SEGMENT
                                    PLANTS       LOGISTICS    STORAGE    SERVICES   ACTIVITY(1)     TOTAL
                                 -------------   ----------   --------   --------   -----------   ----------
                                                               (IN THOUSANDS)
<S>                              <C>             <C>          <C>        <C>        <C>           <C>
QUARTER ENDED JUNE 30, 2003
Revenue from external
  customers(2).................   $  199,517      $ 16,009    $ 10,871   $  6,101     $ 4,533     $  237,031
Intersegment revenue...........           30            --         186        758        (974)            --
Depreciation, depletion and
  amortization.................       17,079         2,167       2,919      1,360       1,321         24,846
Earnings from unconsolidated
  affiliates...................          626         2,361          --         --          --          2,987
Performance cash flows.........       78,386        12,897       8,068      6,277         N/A            N/A
Assets.........................    2,266,522       427,447     324,482    164,120      72,098      3,254,669
SIX MONTHS ENDED JUNE 30, 2004
Revenue from external
  customers....................   $  364,493      $ 35,005    $ 24,193   $ 12,932     $ 8,934     $  445,557
Intersegment revenue...........           64            --          --      1,164      (1,228)            --
Depreciation, depletion and
  amortization.................       35,551         5,605       5,828      2,748       2,571         52,303
Earnings from unconsolidated
  affiliates...................        1,118         3,169         (30)     1,209          --          5,466
Performance cash flows.........      165,917        20,720      16,782     12,179         N/A            N/A
Assets.........................    2,344,760       464,228     317,211    175,161      84,721      3,386,081
SIX MONTHS ENDED JUNE 30, 2003
Revenue from external
  customers(2).................   $  396,706      $ 27,977    $ 22,477   $ 10,483     $ 9,483     $  467,126
Intersegment revenue...........           68            --         278      1,404      (1,750)            --
Depreciation, depletion and
  amortization.................       33,632         4,364       5,881      2,560       2,106         48,543
Earnings from unconsolidated
  affiliates...................        1,255         5,048          --         --          --          6,303
Performance cash flows.........      156,221        24,497      15,069     10,512         N/A            N/A
Assets.........................    2,266,522       427,447     324,482    164,120      72,098      3,254,669
</Table>

 
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(1) Represents predominantly our oil and natural gas production activities as
    well as intersegment eliminations. Our intersegment revenues, along with our
    intersegment operating expenses, consist of normal course of business-type
    transactions between our operating segments. We record an intersegment
    revenue elimination, which is the only elimination included in the
    "Non-Segment Activity" column, to remove intersegment transactions.
 
(2) Revenue from external customers for our Oil and NGL Logistics segment has
    been reduced by $73.1 million and $121.9 million for the quarter and six
    months ended June 30, 2003 to reflect the revision of Typhoon Oil Pipeline's
    revenues and cost of natural gas and other products to conform to the
    current period presentation. See Note 1, Basis of Presentation and Summary
    of Significant Accounting Policies -- Revenue Recognition and Cost of
    Natural Gas and Other Products.
 
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