Energy Transfer 2012 Annual Report Download - page 71

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Recent Sales of Unregistered Securities
None.
Issuer Purchases of Equity Securities
None.
ITEM 6. SELECTED FINANCIAL DATA
The selected financial data should be read in conjunction with “Item 7. Management’s Discussion and Analysis of Financial
Condition and Results of Operations” and the historical consolidated financial statements and the accompanying notes thereto
included elsewhere in this report. The amounts in the table below, except per unit data, are in millions.
In accordance with GAAP, we have accounted for the Holdco Transaction, whereby ETP obtained control of Southern Union, as
a reorganization of entities under common control. Accordingly, ETP's consolidated financial statements have been retrospectively
adjusted to reflect consolidation of Southern Union into ETP beginning March 26, 2012 (the date ETE acquired Southern Union).
In December 2012, Southern Union entered into a purchase and sale agreement with the Laclede Entities, pursuant to which
Laclede Missouri has agreed to acquire the assets of Missouri Gas Energy division and Laclede Massachusetts has agreed to
acquire the assets of the New England Gas Company division. The results of continuing operations of the distribution operations
have been reclassified to income from discontinued operations.
These changes only impacted interim periods in 2012, and no prior annual amounts have been adjusted for the Holdco Transaction.
In October 2012, we sold ETC Canyon Pipeline, LLC (“Canyon”) for approximately $207 million. The results of continuing
operations of Canyon have been reclassified to loss from discontinued operations and the prior year amounts have been adjusted
to present Canyon's operations as discontinued operations.
Years Ended December 31,
2012 2011 2010 2009 2008
Statement of Operations Data:
Total revenues $ 15,702 $ 6,799 $ 5,843 $ 5,378 $ 9,237
Operating income 1,394 1,247 1,065 1,134 1,138
Income from continuing operations 1,757 700 623 797 886
Basic income from continuing operations per limited
partner unit 4.93 1.12 1.23 2.56 3.88
Diluted income from continuing operations per limited
partner unit 4.91 1.12 1.23 2.56 3.88
Cash distributions per unit 3.58 3.58 3.58 3.58 3.55
Balance Sheet Data (at period end):
Total assets 43,230 15,519 12,150 11,735 10,627
Long-term debt, less current maturities 15,442 7,388 6,405 6,177 5,619
Total equity 17,332 6,350 4,743 4,600 3,743
Other Financial Data:
Capital expenditures:
Maintenance (accrual basis) 313 134 99 103 141
Growth (accrual basis) 2,771 1,375 1,290 530 1,922
Cash (received in) paid for acquisitions (531) 1,972 178 (30) 85
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