Enterprise Products Partners L.P.

SEC Filings

10-Q
TEPPCO PARTNERS LP filed this Form 10-Q on 11/14/1997
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>                                                             SEPTEMBER 30,      DECEMBER 31,
                                                                          1997               1996
                                                                     --------------      ------------
                                                                       (UNAUDITED)
<S>                                                                  <C>                 <C>
                                   ASSETS

  Current assets:
    Cash and cash equivalents                                        $     27,731        $     34,047
    Short-term investments                                                  8,176              24,085
    Accounts receivable, trade                                             15,481              18,326
    Inventories                                                            18,989              18,914
    Other                                                                   5,820               3,371
                                                                     ------------        ------------
       Total current assets                                                76,197              98,743
                                                                     ------------        ------------
  Property, plant and equipment, at cost (Net of accumulated    
    depreciation and amortization of $166,828 and $149,597)               565,339             561,068
  Investments                                                               8,736               6,936  
  Other assets                                                              4,953               4,494
                                                                     ------------        ------------
       Total assets                                                  $    655,225        $    671,241
                                                                     ============        ============
                                                                
                      LIABILITIES AND PARTNERS' CAPITAL         
                                                                
  Current liabilities:                                          
    Current maturities, First Mortgage Notes                         $     17,000        $     13,000
    Accounts payable and accrued liabilities                                8,120               8,300           
    Accounts payable, general partner                                       3,418               3,007
    Accrued interest                                                        2,304              10,930
    Other accrued taxes                                                     6,035               5,455
    Other                                                                   5,564               6,861
                                                                     ------------        ------------
       Total current liabilities                                           42,441              47,553                   
                                                                     ------------        ------------
  First Mortgage Notes                                                    309,512             326,512
  Other liabilities and deferred credits                                    3,597               3,902
  Minority interest                                                         3,028               2,963
  Partners' capital:                                            
    General partner's interest                                              5,311               4,616  
    Limited partners' interests                                           291,336             285,695
                                                                     ------------        ------------ 
       Total partners' capital                                            296,647             290,311
                                                                     ------------        ------------
       Total liabilities and partners' capital                       $    655,225        $    671,241   
                                                                     ============        ============       
</TABLE>


          See accompanying Notes to Consolidated Financial Statements.


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