Enterprise Products Partners L.P.

SEC Filings

10-Q
TEPPCO PARTNERS LP filed this Form 10-Q on 05/06/1997
Entire Document
 
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                         PART I. FINANCIAL INFORMATION


ITEM 1. FINANCIAL STATEMENTS

                             TEPPCO PARTNERS, L.P.

                          CONSOLIDATED BALANCE SHEETS
                                 (IN THOUSANDS)




<TABLE>
<CAPTION>
                                                                MARCH 31,  DECEMBER 31,
                                                                  1997        1996
                                                                --------    --------
                                                               (UNAUDITED) 
<S>                                                             <C>         <C>     
                                ASSETS

Current Assets:
     Cash and cash equivalents ..............................   $ 22,803    $ 34,047
     Short-term investments .................................     16,070      24,085
     Accounts receivable, trade .............................     16,060      18,326
     Inventories ............................................     17,611      18,914
     Other ..................................................      4,568       3,371
                                                                --------    --------
          Total current assets ..............................     77,112      98,743
                                                                --------    --------
Property, plant and equipment, at cost (net of accumulated
   depreciation and amortization of $155,451 and $149,597) ..    562,422     561,068
Investments .................................................      6,936       6,936
Other assets ................................................      4,653       4,494
                                                                --------    --------
         Total assets .......................................   $651,123    $671,241
                                                                ========    ========

                   LIABILITIES AND PARTNERS' CAPITAL

Current liabilities:

     Current maturities, First Mortgage Notes ...............   $ 17,000   $ 13,000
     Accounts payable and accrued liabilities ...............      6,455      8,300
     Accounts payable, general partner ......................      3,320      3,007
     Accrued interest .......................................      2,304     10,930
     Other accrued taxes ....................................      4,480      5,455
     Other ..................................................      4,870      6,861
                                                                --------   --------
          Total current liabilities .........................     38,429     47,553
                                                                --------   --------
First Mortgage Notes ........................................    309,512    326,512
Other liabilities and deferred credits ......................      3,708      3,902
Minority interest ...........................................      3,026      2,963
Partners' capital:
     General partner's interest .............................      5,028      4,616
     Limited partners' interests ............................    291,420    285,695
                                                                --------   --------
          Total partners' capital                                296,448    290,311
                                                                --------   --------
          Total liabilities and partners' capital ...........   $651,123   $671,241
                                                                ========   ========
</TABLE>



          See Accompanying Notes To Consolidated Financial Statements.




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