Energy Transfer 2012 Annual Report Download - page 100
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Following is a summary of our capital expenditures by period (in millions):
Capital Expenditures Recorded During
Period
(Increase)
Decrease in
Accrued
Capital
Expenditures
Capital
Expenditures
Paid in CashGrowth Maintenance Total
Year Ended December 31, 2012:
ETP Legacy Assets:
Midstream $ 1,096 $ 28 $ 1,124 $ (59) $ 1,065
Intrastate transportation and storage 18 29 47 2 49
NGL transportation and services 1,291 14 1,305 (75) 1,230
Interstate transportation and storage 12 40 52 7 59
2,417 111 2,528 (125) 2,403
Holdco:
Southern Union transportation and storage 6 88 94 (6) 88
Southern Union gathering and processing 178 24 202 (94) 108
Retail Marketing 38 20 58 (19) 39
222 132 354 (119) 235
Investment in SXL 118 21 139 — 139
Other (including eliminations) 14 49 63 — 63
Total $ 2,771 $ 313 $ 3,084 $ (244) $ 2,840
Year Ended December 31, 2011:
Intrastate transportation and storage $ 16 $ 41 $ 57 $ 3 $ 60
Interstate transportation and storage 181 30 211 32 243
Midstream 826 28 854 (46) 808
NGL transportation and services 317 8 325 (81) 244
Other (including eliminations) 35 27 62 (1) 61
Total $ 1,375 $ 134 $ 1,509 $ (93) $ 1,416
Year Ended December 31, 2010:
Intrastate transportation and storage $ 52 $ 35 $ 87 $ 17 $ 104
Interstate transportation and storage 825 21 846 (32) 814
Midstream 378 16 394 (23) 371
Other (including eliminations) 35 27 62 — 62
Total $ 1,290 $ 99 $ 1,389 $ (38) $ 1,351
Financing Activities
Changes in cash flows from financing activities between periods primarily result from changes in the levels of borrowings and
equity issuances, which are primarily used to fund our acquisitions and growth capital expenditures. Distributions to partners
increased between the periods based on increases in the number of Common Units outstanding.
Following is a summary of financing activities by period:
Year Ended December 31, 2012
Cash provided by financing activities was $1.29 billion in 2012. We received $791 million in net proceeds from Common Unit
offerings. Net proceeds from the offerings were used to repay outstanding borrowings under the ETP Credit Facility, to fund capital
expenditures, acquisitions, and capital contributions to joint ventures, as well as for general partnership purposes. In 2012, we had
a net increase in our debt level of $1.78 billion primarily due to our issuance of $2.00 billion in aggregate principal amount of
senior notes in January 2012 to fund the Citrus Acquisition, partially offset by the repurchase of $750 million in aggregate principal
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