Enterprise Products Partners L.P.

SEC Filings

10-Q
TEPPCO PARTNERS LP filed this Form 10-Q on 08/07/1997
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>
                                                                JUNE 30,    DECEMBER 31,
                                                                 1997           1996
                                                               ----------   ----------
                                                              (UNAUDITED)
                                     ASSETS
<S>                                                            <C>          <C>       
Current assets:
  Cash and cash equivalents ................................   $   35,663   $   34,047
  Short-term investments ...................................       10,174       24,085
  Accounts receivable, trade ...............................       16,854       18,326
  Inventories ..............................................       17,679       18,914
  Other ....................................................        4,416        3,371
                                                               ----------   ----------
    Total current assets ...................................       84,786       98,743
                                                               ----------   ----------
Property, plant and equipment, at cost (Net of accumulated
  depreciation and amortization of $159,638 and $149,597) ..      563,884      561,068
Investments ................................................        8,735        6,936
Other assets ...............................................        4,831        4,494
                                                               ----------   ----------
    Total assets ...........................................   $  662,236   $  671,241
                                                               ==========   ==========

                       LIABILITIES AND PARTNERS' CAPITAL


Current liabilities:
  Current maturities, First Mortgage Notes .................   $   17,000   $   13,000
  Accounts payable and accrued liabilities .................        6,282        8,300
  Accounts payable, general partner ........................        3,736        3,007
  Accrued interest .........................................       10,539       10,930
  Other accrued taxes ......................................        5,568        5,455
  Other ....................................................        5,239        6,861
                                                               ----------   ----------
    Total current liabilities ..............................       48,364       47,553
                                                               ----------   ----------
First Mortgage Notes .......................................      309,512      326,512
Other liabilities and deferred credits .....................        3,479        3,902
Minority interest ..........................................        3,040        2,963
Partners' capital:
  General partner's interest ...............................        5,127        4,616
  Limited partners' interests ..............................      292,714      295,695
                                                               ----------   ----------
    Total partners' capital ................................      297,841      290,311
                                                               ----------   ----------
    Total liabilities and partners' capital ................   $  662,236   $  671,241
                                                               ==========   ==========
</TABLE>



         See accompanying Notes to Consolidated Financial Statements.




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