Energy Transfer 2012 Annual Report Download - page 205

F - 60
The following table summarizes the related company balances on our consolidated balance sheets:
December 31,
2012 2011
Accounts receivable from related companies:
ETE $ 16 $ 14
Regency 10 10
PES (1) 60 —
Enterprise (2) — 55
Other 8 3
Total accounts receivable from related companies: $ 94 $ 82
Accounts payable to related companies:
ETE $ 7 $ 2
Regency 2 —
PES (1) 13 —
Enterprise (2) — 30
Other 2 1
Total accounts payable to related companies: $ 24 $ 33
(1) PES became a related party in October 2012 as a result of the Sunoco Merger. See Note 3.
(2) In January 2012, Enterprise sold a significant portion of its ownership in ETE's common units. Subsequent to that
transaction, Enterprise owns less than 5% of ETE's outstanding common units and is no longer considered a related party.
14. REPORTABLE SEGMENTS:
As a result of the Sunoco Merger and Holdco Transaction, our reportable segments were re-evaluated and changed in 2012.
Our financial statements currently reflect six reportable segments, which conduct their business exclusively in the United
States of America, as follows:
• intrastate natural gas transportation and storage;
• interstate natural gas transportation and storage;
• midstream;
• NGL transportation and services;
• investment in Sunoco Logistics;
• retail marketing; and
• all other.
Intersegment and intrasegment transactions are generally based on transactions made at market-related rates. Consolidated
revenues and expenses reflect the elimination of all material intercompany transactions.
Revenues from our intrastate transportation and storage segment are primarily reflected in natural gas sales and gathering,
transportation and other fees. Revenues from our interstate transportation and storage segment are primarily reflected in
gathering, transportation and other fees. Revenues from our midstream segment are primarily reflected in natural gas sales,
NGL sales and gathering, transportation and other fees. Revenues from our NGL transportation and services segment are
primarily reflected in NGL sales and gathering, transportation and other fees. Revenues from our investment in Sunoco
Logistics segment are primarily reflected in Crude sales. Revenues from our Retail marketing segment are primarily reflected
in Retail marketing.
We report Segment Adjusted EBITDA as a measure of segment performance. We define Segment Adjusted EBITDA as
earnings before interest, taxes, depreciation, amortization and other non-cash items, such as non-cash compensation expense,
gains and losses on disposals of assets, the allowance for equity funds used during construction, unrealized gains and losses
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