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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                             TEPPCO PARTNERS, L.P.

                     CONSOLIDATED STATEMENTS OF CASH FLOWS
                                  (UNAUDITED)
                                 (IN THOUSANDS)




<TABLE>
<CAPTION>
                                                                     THREE MONTHS    THREE MONTHS
                                                                        ENDED           ENDED
                                                                       MARCH 31,       MARCH 31,
                                                                         1997            1996
                                                                     ------------    ------------
<S>                                                                  <C>             <C>         
Cash flows from operating activities:
     Net income ..................................................   $     17,795    $     20,126
     Adjustments to reconcile net income to cash provided by
       operating activities:
          Depreciation and amortization ..........................          5,768           5,968
          Decrease in accounts receivable, trade .................          2,266           6,144
          Decrease in inventories ................................          1,303           2,748
          Increase in other current assets .......................         (1,197)         (1,162)
          Decrease in accounts payable and accrued expenses ......        (13,124)        (16,703)
          Other ..................................................           (155)           (101)
                                                                     ------------    ------------
            Net cash provided by operating activities ............         12,656          17,020
                                                                     ------------    ------------

Cash flows from investing activities:
     Proceeds from investments ...................................          7,970           4,861
     Investments .................................................             --          (5,786)
     Insurance proceeds related to damaged asset .................          1,046              --
     Restricted investments designated for property additions ....             --            (141)
     Capital expenditures ........................................         (8,139)         (4,145)
                                                                     ------------    ------------
            Net cash provided by (used in) investing activities ..            877          (5,211)
                                                                     ------------    ------------

Cash flows from financing activities:
     Principal payment, First Mortgage Notes .....................        (13,000)        (10,000)
     Distributions ...............................................        (11,777)        (10,810)
                                                                     ------------    ------------
            Net cash used in financing activities ................        (24,777)        (20,810)
                                                                     ------------    ------------

Net decrease in cash and cash equivalents ........................        (11,244)         (9,001)

Cash and cash equivalents at beginning of period .................         34,047          39,663
                                                                     ------------    ------------
Cash and cash equivalents at end of period .......................   $     22,803    $     30,662
                                                                     ============    ============

SUPPLEMENTAL DISCLOSURE OF CASH FLOWS:
Interest paid during the period (net of capitalized interest) ....   $     16,438    $     17,403
                                                                     ============    ============
</TABLE>




          See accompanying Notes to Consolidated Financial Statements.



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