Energy Transfer 2012 Annual Report Download - page 90
Download and view the complete annual report
Please find page 90 of the 2012 Energy Transfer annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80 -
81 -
82 -
83 -
84 -
85 -
86 -
87 -
88 -
89 -
90 -
91 -
92 -
93 -
94 -
95 -
96 -
97 -
98 -
99 -
100 -
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
-
201
-
202
-
203
-
204
-
205
-
206
-
207
-
208
-
209
-
210
-
211
-
212
 |
 |
82
Income Tax Expense. The increase in income tax expense between the periods was primarily due to increases in taxable income
within our subsidiaries that are taxable corporations, in addition to an increase in amounts recorded for the Texas margins tax
resulting from increased operating income.
Non-Cash Compensation Expense. The increase in non-cash compensation expense was due to an increase in the number of
restricted unit awards granted.
Allowance for Equity Funds Used During Construction. Allowance for equity funds used during construction for 2011 reflected
amounts recorded in connection with the expansion of the Tiger pipeline, which was completed in August 2011, whereas 2010
reflected amounts recorded in connection with the original construction of the Tiger pipeline.
Unrealized Losses on Commodity Risk Management Activities. See discussion of the unrealized loss on commodity risk
management activities included in the discussion of segment results below.
Impairment of Investments in Affiliates. For 2011, our results reflected a non-cash charge to write off all of our investment in a
joint venture for which projects are no longer being pursued. During 2010, in conjunction with the transfer of our interest in
Midcontinent Express Pipeline on May 26, 2010, we recorded a non-cash charge of approximately $53 million to reduce the
carrying value of our interest to its estimated fair value.
Proportionate Share of Unconsolidated Affiliates' Interest, Depreciation and Allowance for Equity Funds Used During
Construction. Amounts reflected for 2011 and 2010 primarily represent our proportionate share of such amounts for FEP for both
periods and Midcontinent Express Pipeline LLC ("MEP") for 2010. Such amounts were included in calculating Segment Adjusted
EBITDA and net income.
Table of Contents