Energy Transfer 2012 Annual Report Download - page 81

73
• The adjustment to income tax expense includes the pro forma impact resulting from the pro forma adjustments to pre-
tax income of Sunoco and Southern Union.
Supplemental Information on Unconsolidated Affiliates
The following table presents equity in earnings of unconsolidated affiliates, the proportionate share of unconsolidated affiliates'
interest, depreciation, amortization, non-cash compensation expense, loss on debt extinguishment and taxes by unconsolidated
affiliate, Adjusted EBITDA related to unconsolidated affiliates and distributions received from affiliates for the years ended
December 31, 2012 and 2011:
Years Ended December 31,
2012 2011 Change
Equity in earnings of unconsolidated affiliates:
AmeriGas $ (4) $ — $ (4)
Citrus 65 — 65
FEP 55 24 31
Other 26 2 24
Total equity in earnings of unconsolidated affiliates $ 142 $ 26 $ 116
Proportionate share of interest, depreciation, amortization, non-cash
compensation expense, loss on debt extinguishment and taxes:
AmeriGas $ 143 $ — $ 143
Citrus 163 — 163
FEP 22 29 (7)
Other 10 1 9
Total proportionate share of interest, depreciation, amortization, non-cash
compensation expense, loss on debt extinguishment and taxes $ 338 $ 30 $ 308
Adjusted EBITDA related to unconsolidated affiliates:
AmeriGas $ 139 $ — $ 139
Citrus 228 — 228
FEP 77 53 24
Other 36 3 33
Total Adjusted EBITDA related to unconsolidated affiliates $ 480 $ 56 $ 424
Distributions received from unconsolidated affiliates:
AmeriGas $ 94 $ — $ 94
Citrus 88 — 88
FEP 70 46 24
Other 10 5 5
Total distributions received from unconsolidated affiliates $ 262 $ 51 $ 211
Segment Operating Results
Our reportable segments are discussed below. “All other” includes our compression and wholesale propane businesses.
We evaluate segment performance based on Segment Adjusted EBITDA, which we believe is an important performance measure
of the core profitability of our operations. This measure represents the basis of our internal financial reporting and is one of the
performance measures used by senior management in deciding how to allocate capital resources among business segments.
The tables below identify the components of Segment Adjusted EBITDA, which is calculated as follows:
• Gross margin, operating expenses, and selling, general and administrative. These line items are the amounts included
in our consolidated financial statements that are attributable to each segment.
Table of Contents