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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                              TEPPCO PARTNERS, L.P.

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



<TABLE>
<CAPTION>
                                                                                 NINE MONTHS      NINE MONTHS
                                                                                    ENDED            ENDED
                                                                                SEPTEMBER 30,    SEPTEMBER 30,
                                                                                    1997             1996
                                                                              ---------------    -------------
<S>                                                                              <C>             <C>
  Cash flows from operating activities:
    Net income                                                                   $  42,364       $  40,822
                                                                                                 
    Adjustments to reconcile net income to cash provided by operating                            
     activities:                                                                                 
       Depreciation and amortization                                                17,740          17,805
       Decrease in accounts receivable, trade                                        2,845           5,741
       Decrease (increase) in inventories                                              (75)          2,838
       Increase in other current assets                                             (2,449)           (960)
       Decrease in accounts payable and accrued expenses                            (9,112)        (12,935)
       Other                                                                          (269)            878
                                                                                 ---------       ---------
            Net cash provided by operating activities                               51,044          54,189
                                                                                 ---------       ---------
                                                                                                 
  Cash flows from investing activities:                                                          
    Proceeds from investments                                                       17,970          10,879
    Purchases of investments                                                        (3,906)        (14,436)
    Insurance proceeds related to damaged asset                                      1,046              --
    Proceeds from the sale of property, plant and equipment                          1,377              --        
    Restricted investments designated for property additions                            --          10,553
    Capital expenditures                                                           (24,549)        (29,424)
                                                                                 ---------       ---------
            Net cash used in investing activities                                   (8,062)        (22,428)
                                                                                 ---------       ---------
                                                                                                 
  Cash flows from financing activities:                                                          
    Principal payment, First Mortgage Notes                                        (13,000)        (10,000)
    Distributions                                                                  (36,298)        (33,397)
                                                                                 ---------       ---------
            Net cash used in financing activities                                  (49,298)        (43,397)
                                                                                 ---------       ---------
                                                                                                 
  Net decrease in cash and cash equivalents                                         (6,316)        (11,636)
                                                                                                 
  Cash and cash equivalents at beginning of period                                  34,047          39,663
                                                                                 ---------       ---------
  Cash and cash equivalents at end of period                                     $  27,731       $  28,027
                                                                                 =========       =========
                                                                                                 
  SUPPLEMENTAL DISCLOSURE OF CASH FLOWS:                                                         
  Interest paid during the period (net of capitalized interest)                  $  32,376       $  33,963
                                                                                 =========       =========
</TABLE>



          See accompanying Notes to Consolidated Financial Statements.



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