XML 96 R38.htm IDEA: XBRL DOCUMENT v2.4.0.8
Segement Information (Tables)
9 Months Ended
Sep. 30, 2014
Segment Reporting [Abstract]  
Partnership Reportable Segement
Summarized financial information concerning the Company’s reportable segments is shown in the following tables:
 
 
Texas
 
Louisiana
 
Oklahoma
 
Ohio River Valley
 
Corporate
 
Totals
 
(In millions)
Three Months Ended September 30, 2014
 

 
 

 
 

 
 

 
 

 
 

Sales to external customers
$
77.3

 
$
491.3

 
$

 
$
79.1

 
$

 
$
647.7

Sales to affiliates
148.9

 
39.5

 
45.9

 

 
(28.0
)
 
206.3

Purchased gas, NGLs, condensate and crude oil
(76.8
)
 
(486.9
)
 

 
(61.5
)
 
28.0

 
(597.2
)
Operating expenses
(36.2
)
 
(23.7
)
 
(7.0
)
 
(9.8
)
 

 
(76.7
)
Gain on litigation settlement

 
6.1

 

 

 

 
6.1

Gain on derivative activity

 

 

 

 
1.0

 
1.0

Segment profit
$
113.2

 
$
26.3

 
$
38.9

 
$
7.8

 
$
1.0

 
$
187.2

Depreciation and amortization
$
(31.6
)
 
$
(19.1
)
 
$
(11.8
)
 
$
(10.0
)
 
$
(0.9
)
 
$
(73.4
)
Goodwill
$
1,168.2

 
$
786.8

 
$
190.3

 
$
112.5

 
$
1,436.8

 
$
3,694.6

Capital expenditures
$
79.7

 
$
79.1

 
$
2.5

 
$
42.2

 
$
3.9

 
$
207.4

Three Months Ended September 30, 2013
 
 
 
 
 
 
 
 
 
 
 
Sales to external customers
$
32.9

 
$

 
$
13.9

 
$

 
$

 
$
46.8

Sales to affiliates
359.4

 

 
172.0

 

 

 
531.4

Purchased gas, NGLs, condensate and crude oil
(286.2
)
 

 
(149.3
)
 

 

 
(435.5
)
Operating expenses
(26.9
)
 

 
(8.9
)
 

 

 
(35.8
)
Segment profit
$
79.2

 
$

 
$
27.7

 
$

 
$

 
$
106.9

Depreciation and amortization
$
(29.0
)
 
$

 
$
(19.0
)
 
$

 
$

 
$
(48.0
)
Goodwill
$
325.4

 
$

 
$
76.3

 
$

 
$

 
$
401.7

Capital expenditures
$
27.1

 
$

 
$
10.0

 
$

 
$

 
$
37.1

Nine Months Ended September 30, 2014
 
 
 
 
 
 
 
 
 
 
 
Sales to external customers
$
214.3

 
$
1,221.9

 
$
11.5

 
$
187.5

 
$

 
$
1,635.2

Sales to affiliates
637.7

 
41.7

 
256.0

 

 
(63.4
)
 
872.0

Purchased gas, NGLs, condensate and crude oil
(423.0
)
 
(1,158.2
)
 
(133.8
)
 
(146.4
)
 
63.4

 
(1,798.0
)
Operating expenses
(106.5
)
 
(45.5
)
 
(20.9
)
 
(22.6
)
 

 
(195.5
)
Gain on litigation settlement

 
6.1

 

 

 

 
6.1

Loss on derivative activity

 

 

 

 
(1.9
)
 
(1.9
)
Segment profit (loss)
$
322.5

 
$
66.0

 
$
112.8

 
$
18.5

 
$
(1.9
)
 
$
517.9

Depreciation and amortization
$
(91.7
)
 
$
(43.4
)
 
$
(37.6
)
 
$
(21.6
)
 
$
(1.5
)
 
$
(195.8
)
Goodwill
$
1,168.2

 
$
786.8

 
$
190.3

 
$
112.5

 
$
1,436.8

 
$
3,694.6

Capital expenditures
$
180.2

 
$
222.4

 
$
10.5

 
$
67.8

 
$
12.6

 
$
493.5

Nine Months Ended September 30, 2013
 
 
 
 
 
 
 
 
 
 
 
Sales to external customers
$
96.6

 
$

 
$
39.5

 
$

 
$

 
$
136.1

Sales to affiliates
1,052.3

 

 
504.7

 

 

 
1,557.0

Purchased gas, NGLs, condensate and crude oil
(838.7
)
 

 
(440.9
)
 

 

 
(1,279.6
)
Operating expenses
(92.0
)
 

 
(24.0
)
 

 

 
(116.0
)
Segment profit
$
218.2

 
$

 
$
79.3

 
$

 
$

 
$
297.5

Depreciation and amortization
$
(82.4
)
 
$

 
$
(56.2
)
 
$

 
$

 
$
(138.6
)
Goodwill
$
325.4

 
$

 
$
76.3

 
$

 
$

 
$
401.7

Capital expenditures
$
113.9

 
$

 
$
58.7

 
$

 
$

 
$
172.6

Segment Table reconciliation to Condensed Consolidated Financial Statement
The table below presents information about segment assets as of September 30, 2014 and December 31, 2013:
 
September 30, 2014
 
December 31, 2013
Segment Identifiable Assets:
(In millions)
Texas
$
3,236.9

 
$
1,460.0

Louisiana
2,925.3

 

Oklahoma
894.5

 
777.1

Ohio River Valley
677.0

 

Corporate
1,794.1

 
72.7

Total identifiable assets
$
9,527.8

 
$
2,309.8

Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block]
The following table reconciles the segment profits reported above to the operating income as reported in the condensed consolidated statements of operations (in millions):

Three Months Ended
 September 30,
 
Nine Months Ended
 September 30,
 
2014
 
2013
 
2014
 
2013
Segment profits
$
187.2

 
$
106.9

 
$
517.9

 
$
297.5

General and administrative expenses
(24.5
)
 
(10.8
)
 
(66.9
)
 
(32.3
)
Depreciation and amortization
(73.4
)
 
(48.0
)
 
(195.8
)
 
(138.6
)
Operating income
$
89.3

 
$
48.1

 
$
255.2

 
$
126.6