Energy Transfer 2012 Annual Report Download - page 175
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F - 30
5. NET INCOME PER LIMITED PARTNER UNIT:
A reconciliation of net income and weighted average units used in computing basic and diluted net income per unit is as
follows:
Years Ended December 31,
2012 2011 2010
Income from continuing operations $ 1,757 $ 700 $ 623
Less: Income from continuing operations attributable to
noncontrolling interest 62 28 —
Income from continuing operations, net of noncontrolling interest 1,695 672 623
General Partner’s interest in income from continuing operations 463 433 388
Limited Partners’ interest in income from continuing operations 1,232 239 235
Additional earnings allocated from General Partner 111
Distributions on employee unit awards, net of allocation to General
Partner (9)(8)(5)
Income from continuing operations available to Limited Partners $ 1,224 $ 232 $ 231
Weighted average Limited Partner units — basic 248,306,746 207,245,106 188,077,143
Basic income from continuing operations per Limited Partner unit $ 4.93 $ 1.12 $ 1.23
Dilutive effect of unvested Unit Awards 732,333 909,197 640,253
Weighted average Limited Partner units, assuming dilutive effect of
unvested Unit Awards 249,039,079 208,154,303 188,717,396
Diluted income from continuing operations per Limited Partner unit $ 4.91 $ 1.12 $ 1.23
Basic loss from discontinued operations per Limited Partner unit $(0.50) $ (0.02) $ (0.03)
Diluted loss from discontinued operations per Limited Partner unit $ (0.50) $ (0.02) $ (0.04)
6. DEBT OBLIGATIONS:
Our debt obligations consist of the following:
December 31,
2012 2011
ETP Debt
5.65% Senior Notes due August 1, 2012 $ — $ 400
6.0% Senior Notes due July 1, 2013 350 350
8.5% Senior Notes due April 15, 2014 292 350
5.95% Senior Notes due February 1, 2015 750 750
6.125% Senior Notes due February 15, 2017 400 400
6.7% Senior Notes due July 1, 2018 600 600
9.7% Senior Notes due March 15, 2019 400 600
9.0% Senior Notes due April 15, 2019 450 650
4.65% Senior Notes due June 1, 2021 800 800
5.20% Senior Notes due February 1, 2022 1,000 —
6.625% Senior Notes due October 15, 2036 400 400
7.5% Senior Notes due July 1, 2038 550 550
6.05% Senior Notes due June 1, 2041 700 700
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