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 BALANCE SHEETS
                      (IN THOUSANDS, EXCEPT UNIT AMOUNTS)
                                  (UNAUDITED)
 

<Table>
<Caption>
                                                                 JUNE 30,      DECEMBER 31,
                                                                   2004            2003
                                                                 --------      ------------
<S>                                                           <C>              <C>
                                          ASSETS
 
Current assets
  Cash and cash equivalents.................................    $   33,445      $   30,425
  Accounts receivable, net..................................       161,414         154,235
  Affiliated note receivable................................         3,713           3,768
  Other current assets......................................        21,670          20,595
                                                                ----------      ----------
         Total current assets...............................       220,242         209,023
 
Property, plant, and equipment, net.........................     2,930,005       2,894,492
Intangible assets...........................................         3,177           3,401
Investments in unconsolidated affiliates....................       203,303         175,747
Other noncurrent assets.....................................        29,354          38,917
                                                                ----------      ----------
         Total assets.......................................    $3,386,081      $3,321,580
                                                                ==========      ==========
 
                             LIABILITIES AND PARTNERS' CAPITAL
 
Current liabilities
  Accounts payable..........................................    $  148,919      $  168,133
  Accrued interest..........................................         8,083          11,199
  Current maturities of senior secured term loans...........         5,000           3,000
  Other current liabilities.................................        41,328          27,035
                                                                ----------      ----------
         Total current liabilities..........................       203,330         209,367
 
Revolving credit facility...................................       462,000         382,000
Senior secured term loans, less current maturities..........       493,500         297,000
Long-term debt..............................................       923,016       1,129,807
Other noncurrent liabilities................................        42,089          49,043
                                                                ----------      ----------
         Total liabilities..................................     2,123,935       2,067,217
                                                                ----------      ----------
Commitments and contingencies
 
Minority interest...........................................         1,801           1,777
                                                                ----------      ----------
Partners' capital
  Limited partners
    Common units; 59,698,129 and 58,404,649 units issued and
     outstanding............................................       912,236         898,072
    Series C units; 10,937,500 units issued and
     outstanding............................................       334,892         341,350
  General partner...........................................        13,217          13,164
                                                                ----------      ----------
         Total partners' capital............................     1,260,345       1,252,586
                                                                ----------      ----------
         Total liabilities and partners' capital............    $3,386,081      $3,321,580
                                                                ==========      ==========
</Table>

 
                            See accompanying notes.
 
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