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Reportable Segments (Tables)
6 Months Ended
Jun. 30, 2011
Reportable Segments - (Tables) [Abstract]  
Financial information by segment
Financial information by segment follows (in millions):
 
   
Three Months Ended
June 30,
  
Six Months Ended
June 30,
 
   
2011
  
2010
  
2011
  
2010
 
Revenues
            
Products Pipelines
            
Revenues from external customers
 $227.4  $226.3  $453.0  $433.8 
Natural Gas Pipelines
                
Revenues from external customers
  1,044.3   1,029.7   2,063.7   2,266.4 
CO2
                
Revenues from external customers
  350.0   314.6   690.8   636.4 
Terminals
                
Revenues from external customers
  320.3   320.3   651.7   624.1 
Intersegment revenues
  0.2   0.2   0.5   0.5 
Kinder Morgan Canada
                
Revenues from external customers
  77.3   70.6   152.9   130.4 
Total segment revenues
  2,019.5   1,961.7   4,012.6   4,091.6 
Less: Total intersegment revenues
  (0.2)  (0.2)  (0.5)  (0.5)
Total consolidated revenues
 $2,019.3  $1,961.5  $4,012.1  $4,091.1 

 
   
Three Months Ended
June 30,
  
Six Months Ended
June 30,
 
   
2011
  
2010
  
2011
  
2010
 
Segment earnings before depreciation, depletion, amortization
And amortization of excess cost of equity investments(a)
            
Products Pipelines(b)
 $20.7  $165.2  $201.2  $171.6 
Natural Gas Pipelines
  181.3   185.0   403.9   405.6 
CO2
  266.4   249.4   528.4   502.6 
Terminals
  170.3   165.5   344.7   316.0 
Kinder Morgan Canada
  53.6   43.9   101.5   88.9 
Total segment earnings before DD&A
  692.3   809.0   1,579.7   1,484.7 
Total segment depreciation, depletion and amortization
  (229.4)  (223.2)  (451.2)  (450.5)
Total segment amortization of excess cost of investments
  (1.6)  (1.5)  (3.1)  (2.9)
General and administrative expenses(c)
  (97.4)  (93.4)  (286.6)  (194.5)
Unallocable interest expense, net of interest income
  (129.6)  (123.8)  (261.3)  (240.1)
Unallocable income tax expense
  (2.4)  (2.0)  (4.7)  (4.2)
Total consolidated net income
 $231.9  $365.1  $572.8  $592.5 

 

 

 

 
26

 
 
   
June 30,
2011
  
December 31,
2010
 
Assets
      
Products Pipelines
 $4,384.0  $4,369.1 
Natural Gas Pipelines
  8,753.7   8,809.7 
CO2
  2,148.2   2,141.2 
Terminals
  4,366.7   4,138.6 
Kinder Morgan Canada
  1,911.7   1,870.0 
Total segment assets
  21,564.3   21,328.6 
Corporate assets(d)
  777.4   532.5 
Total consolidated assets
 $22,341.7  $21,861.1 
____________
 
(a)
Includes revenues, earnings from equity investments, allocable interest income, and other, net, less operating expenses, allocable income taxes, and other expense (income).
 
(b)
Three and six month 2011 amounts include a $165.0 million increase in expense associated with rate case liability adjustments.  Six month 2010 amount includes a $158.0 million increase in expense associated with rate case liability adjustments.
 
(c)
Six month 2011 amount includes an $87.1 million increase in expense associated with a one-time special cash bonus payment paid to non-senior management employees in May 2011; however, we do not have any obligation, nor do we expect to pay any amounts related to this expense.
 
(d)
Includes cash and cash equivalents; margin and restricted deposits; unallocable interest receivable, prepaid assets and deferred charges; and risk management assets related to the fair value of interest rate swaps.