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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                CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
                     FOR THE SIX MONTHS ENDED JUNE 30, 2004
 

<Table>
<Caption>
                                                            NON-GUARANTOR    GUARANTOR     CONSOLIDATING   CONSOLIDATED
                                                 ISSUER     SUBSIDIARIES    SUBSIDIARIES   ELIMINATIONS       TOTAL
                                                ---------   -------------   ------------   -------------   ------------
                                                                            (IN THOUSANDS)
<S>                                             <C>         <C>             <C>            <C>             <C>
Cash flows from operating activities
  Net income..................................  $ 103,043       $ 140        $ 140,195       $(140,335)     $ 103,043
  Adjustments to reconcile net income to net
    cash provided by operating activities
    Depreciation, depletion and
      amortization............................         72          --           52,231              --         52,303
    Distributed earnings of unconsolidated
      affiliates
      Earnings from unconsolidated
         affiliates...........................         --          30           (5,496)             --         (5,466)
      Distributions from unconsolidated
         affiliates...........................         --          --            1,450              --          1,450
    Gain on sale of long-lived assets.........         --          --              (24)             --            (24)
    Loss due to write-off of unamortized debt
      issuance costs..........................      3,884          --               --              --          3,884
    Amortization of debt issuance costs,
      premiums and discounts..................      2,651          --               --              --          2,651
    Other noncash items.......................      1,204          24            5,124              --          6,352
  Working capital changes, net of acquisitions
    and noncash transactions..................     17,564         (75)         (45,450)             --        (27,961)
                                                ---------       -----        ---------       ---------      ---------
         Net cash provided by operating
           activities.........................    128,418         119          148,030        (140,335)       136,232
                                                ---------       -----        ---------       ---------      ---------
Cash flows from investing activities
  Additions to property, plant and
    equipment.................................     (1,194)         --          (84,913)             --        (86,107)
  Proceeds from sale and retirement of
    assets....................................         --          --              197              --            197
  Additions to investments in unconsolidated
    affiliates................................         --          --          (17,947)             --        (17,947)
                                                ---------       -----        ---------       ---------      ---------
         Net cash used in investing
           activities.........................     (1,194)         --         (102,663)             --       (103,857)
                                                ---------       -----        ---------       ---------      ---------
Cash flows from financing activities
  Net proceeds from revolving credit
    facility..................................    386,932          --               --              --        386,932
  Repayments of revolving credit facility.....   (307,000)         --               --              --       (307,000)
  Net proceeds from senior secured term
    loan......................................    199,651          --               --              --        199,651
  Repayment of senior secured term loan.......     (1,500)         --               --              --         (1,500)
  Debt issuance costs for issuance of
    long-term debt............................        (52)         --               --              --            (52)
  Repayments of long-term debt................   (214,085)         --               --              --       (214,085)
  Net proceeds from issuance of common units
    and conversion of Series F convertible
    units.....................................     48,536          --               --              --         48,536
  Advances with affiliates....................    (94,849)       (119)         (45,367)        140,335             --
  Distributions to partners...................   (142,317)         --               --              --       (142,317)
  Contribution from general partner...........        480          --               --              --            480
                                                ---------       -----        ---------       ---------      ---------
         Net cash used in financing
           activities.........................   (124,204)       (119)         (45,367)        140,335        (29,355)
                                                ---------       -----        ---------       ---------      ---------
Increase in cash and cash equivalents.........  $   3,020       $  --        $      --       $      --          3,020
                                                =========       =====        =========       =========
Cash and cash equivalents at beginning of
  period......................................                                                                 30,425
                                                                                                            ---------
Cash and cash equivalents at end of period....                                                              $  33,445
                                                                                                            =========
</Table>

 
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