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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                             TEPPCO PARTNERS, L.P.

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




<TABLE>
<CAPTION>
                                                                  SIX MONTHS     SIX MONTHS
                                                                    ENDED          ENDED
                                                                    JUNE 30,      JUNE 30,
                                                                     1997          1996
                                                                  -----------    -----------
<S>                                                               <C>            <C>        
Cash flows from operating activities:
 Net income ...................................................   $    30,920    $    30,430
 Adjustments to reconcile net income to cash provided by
 operating activities:
  Depreciation and amortization ...............................        11,701         11,893
  Decrease in accounts receivable, trade ......................         1,472          6,994
  Decrease in inventories .....................................         1,235          5,920
  Increase in other current assets ............................        (1,045)        (1,223)
  Decrease in accounts payable and accrued expenses ...........        (3,189)        (6,594)
  Other .......................................................          (614)           128
                                                                  -----------    -----------
    Net cash provided by operating activities .................        40,480         47,548
                                                                  -----------    -----------

Cash flows from investing activities:
 Proceeds from investments ....................................        15,970          9,861
 Investments ..................................................        (3,906)       (14,436)
 Insurance proceeds related to damaged asset ..................         1,046           --
 Restricted investments designated for property additions .....          --             (285)
 Capital expenditures .........................................       (15,420)       (15,635)
                                                                  -----------    -----------
    Net cash used in investing activities .....................        (2,310)       (20,495)
                                                                  -----------    -----------

Cash flows from financing activities:
 Principal payment,  First Mortgage Notes .....................       (13,000)       (10,000)
 Distributions ................................................       (23,554)       (21,620)
                                                                  -----------    -----------
    Net cash used in financing activities .....................       (36,554)       (31,620)
                                                                  -----------    -----------

Net increase (decrease) in cash and cash equivalents ..........         1,616         (4,567)

Cash and cash equivalents at beginning of period ..............        34,047         39,663
                                                                  -----------    -----------
Cash and cash equivalents at end of period ....................   $    35,663    $    35,096
                                                                  ===========    ===========

SUPPLEMENTAL DISCLOSURE OF CASH FLOWS:
Interest paid during the period (net of capitalized interest)..   $    16,121    $    17,193
                                                                  ===========    ===========
</TABLE>




         See accompanying Notes to Consolidated Financial Statements.




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