Energy Transfer 2012 Annual Report Download - page 206

F - 61
on commodity risk management activities, non-cash impairment charges, loss on extinguishment of debt, gain on
deconsolidation and other non-operating income or expense items. Unrealized gains and losses on commodity risk management
activities includes unrealized gains and losses on commodity derivatives and inventory fair value adjustments (excluding
lower of cost or market adjustments). Segment Adjusted EBITDA reflects amounts for unconsolidated affiliates based on the
Partnership's proportionate ownership. Previously, amounts for less than wholly owned subsidiaries were reflected in Segment
Adjusted EBITDA based on the Partnership's proportionate ownership, such that the measure was reduced for amounts
attributable to noncontrolling interests. During the three months ended December 31, 2012, management changed its definition
of Segment Adjusted EBITDA to reflect amounts for less than wholly owned subsidiaries based on 100% of the subsidiaries'
results of operations. Management believes that the revised segment performance measure more closely reflects the
presentation of less than wholly owned subsidiaries within the Partnership's consolidated financial statements. For periods
prior to the three months ended December 31, 2012, only the NGL transportation and services segment included a less than
wholly owned subsidiary. Based on this change in our definition of Segment Adjusted EBITDA, we have recast the presentation
of our segment results for 2011 to be consistent with the current year presentation. This change did not impact 2010, because
the NGL transportation and services segment did not exist prior to the LDH Acquisition and formation of Lone Star.
The following tables present the financial information by segment for the following periods:
Years Ended December 31,
2012 2011 2010
Revenues:
Intrastate transportation and storage:
Revenues from external customers $ 2,012 $ 2,398 $ 2,075
Intersegment revenues 179 276 1,216
2,191 2,674 3,291
Interstate transportation and storage – revenues from external customers 1,109 447 292
Midstream:
Revenues from external customers 2,604 1,989 1,914
Intersegment revenues 480 552 1,214
3,084 2,541 3,128
NGL transportation and services:
Revenues from external customers 619 363 —
Intersegment revenues 31 34 —
650 397 —
Investment in Sunoco Logistics:
Revenues from external customers 3,114 — —
Intersegment revenues 80 — —
3,194 — —
Retail marketing – revenues from external customers 5,926 — —
All other:
Revenues from external customers 318 1,602 1,562
Intersegment revenues 89 54 145
407 1,656 1,707
Eliminations (859)(916)(2,575)
Total revenues $ 15,702 $ 6,799 $ 5,843
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