Sunoco 2003 Annual Report Download - page 67

Segment Information
(Millions of Dollars)
Refining and
Supply
Retail
Marketing Chemicals Logistics Coke
Corporate
and Other Consolidated
2003
Sales and other operating revenue
(including consumer excise taxes):
Unaffiliated customers $7,174 $7,539 $1,627 $1,275 $251 $ — $17,866
Intersegment $4,852 $ — $ — $1,383 $ — $ — $ —
Pretax segment income (loss) $ 416 $ 145 $ 84 $ 34 $ 66 $(250) $ 495
Income tax (expense) benefit (155) (54) (31) (8) (23) 88 (183)
After-tax segment income (loss) $ 261 $ 91 $ 53 $ 26 $ 43 $(162)* $ 312
Equity income (loss) $ 2 $ — $ 4 $ 20 $ — $ (23)* * $ 3
Depreciation, depletion and amortization $ 165 $ 99 $ 59 $ 27 $ 13 $ — $ 363
Capital expenditures $ 245 $ 107* * * $ 29†$ 39 $ 5 $ — $ 425
Investments in and advances to affiliated
companies $ 12 $ — $ 74 $ 85 $ — $ — $ 171
Identifiable assets $2,344 $1,274 $1,455 $1,121 $268 $ 485†† $ 6,922†††
* Consists of $40 million of after-tax corporate expenses, $99 million of after-tax net financing expenses and other and a $23 million after-tax provision for asset write-downs and
other matters (Notes 2 and 3).
** Represents Sunoco’s share of a provision recorded by the Chemicals segment’s one-third-owned BEF joint venture to write down its MTBE production facility to its estimated fair
value (Note 2).
*** Excludes $162 million purchase of 193 Speedway retail gasoline sites located primarily in Florida and South Carolina, including related inventory (Note 3).
†Excludes $198 million associated with the formation of a propylene partnership with Equistar Chemicals, L.P. and a related supply contract and the acquisition of Equistar’s
Bayport polypropylene facility (Note 3).
†† Consists of Sunoco’s $91 million consolidated deferred income tax asset, $11 million of prepaid retirement costs and $383 million attributable to corporate activities.
††† After elimination of intersegment receivables.
(Millions of Dollars)
Refining and
Supply
Retail
Marketing Chemicals Logistics Coke
Corporate
and Other Consolidated
2002
Sales and other operating revenue
(including consumer excise taxes):
Unaffiliated customers $ 5,827 $ 6,172 $ 1,362 $ 690 $248 $ — $ 14,299
Intersegment $ 3,828 $ — $ — $ 1,158 $ — $ — $ —
Pretax segment income (loss) $ (46) $ 31 $ 43 $ 47 $ 65 $(213) $ (73)
Income tax (expense) benefit 15 (11) (15) (14) (23) 74 26
After-tax segment income (loss) $ (31) $ 20 $ 28 $ 33 $ 42 $(139)* $ (47)
Equity income $3 $— $ 6 $ 14 $— $— $ 23
Depreciation, depletion and amortization $ 153 $ 95 $ 44 $ 25 $ 12 $ — $ 329
Capital expenditures $ 179 $ 124 $ 36 $ 41** $ 5 $ — $ 385
Investments in and advances to affiliated
companies $ 16 $ — $ 101 $ 81 $ — $ — $ 198
Identifiable assets $ 2,252 $ 1,135 $ 1,325 $ 1,021 $278 $ 452*** $ 6,441†
* Consists of $26 million of after-tax corporate expenses, $91 million of after-tax net financing expenses and other and a $22 million after-tax provision for asset write-downs and
other matters (Note 3).
** Excludes $54 million purchase from Unocal of interests in three Midwestern and Western U.S. products pipeline companies and a $6 million purchase which increased the
Company’s ownership interest in the West Texas Gulf pipeline (Note 3).
*** Consists of Sunoco’s $94 million consolidated deferred income tax asset, $5 million of prepaid retirement costs and $353 million attributable to corporate activities.
†After elimination of intersegment receivables.
65