Enterprise Products Partners L.P.

SEC Filings

S-1/A
ENTERPRISE PRODUCTS PARTNERS L P filed this Form S-1/A on 07/21/1998
Entire Document
 
<PAGE>
 
                       ENTERPRISE PRODUCTS PARTNERS L.P.
 
                       STATEMENTS OF COMBINED OPERATIONS
 
              FOR THE YEARS ENDED DECEMBER 31, 1995, 1996 AND 1997
                 
              (AMOUNTS IN THOUSANDS, EXCEPT PER UNIT AMOUNTS)     
 

<TABLE>   
<CAPTION>
                                                  1995      1996       1997
                                                --------  --------  ----------
<S>                                             <C>       <C>       <C>
REVENUES....................................... $790,080  $999,506  $1,020,281
                                                --------  --------  ----------
COST AND EXPENSES
Operating costs and expenses...................  726,207   906,367     937,068
Selling, general and administrative............   22,250    24,227      23,060
                                                --------  --------  ----------
  Total........................................  748,457   930,594     960,128
                                                --------  --------  ----------
OPERATING INCOME...............................   41,623    68,912      60,153
                                                --------  --------  ----------
OTHER INCOME (EXPENSE)
Interest expense...............................  (27,567)  (26,310)    (25,717)
Interest income................................      554     2,705       1,934
Equity in income of unconsolidated affiliates..   12,274    15,756      15,682
Gain (loss) on sale of assets..................    7,948        --        (155)
Other, net.....................................      305       364         793
                                                --------  --------  ----------
    Total......................................   (6,486)   (7,485)     (7,463)
                                                --------  --------  ----------
INCOME BEFORE MINORITY INTEREST................   35,137    61,427      52,690
MINORITY INTEREST..............................     (351)     (614)       (527)
                                                --------  --------  ----------
NET INCOME..................................... $ 34,786  $ 60,813  $   52,163
                                                ========  ========  ==========
Allocation of net income to:
  Limited partner.............................. $ 34,438  $ 60,205  $   51,641
                                                ========  ========  ==========
  General partner.............................. $    348  $    608  $      522
                                                ========  ========  ==========
Net income per common unit (based upon 55,275
 common units to be issued to EPCO)............ $   0.62  $   1.09  $     0.93
                                                ========  ========  ==========
</TABLE>
    
 
 
                  See Notes to Combined Financial Statements.
 
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