Sunoco 2005 Annual Report Download - page 71

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Segment Information
(Millions of Dollars)
Refining and
Supply
Retail
Marketing Chemicals Logistics Coke
Corporate
and Other Consolidated
2005
Sales and other operating revenue
(including consumer excise taxes):
Unaffiliated customers $16,620 $11,783 $2,440 $2,497 $414 $ — $33,754
Intersegment $ 9,420 $ — $ — $1,983 $ 6 $ — $ —
Pretax segment income (loss) $ 1,582 $ 50 $ 152 $ 37 $ 69 $ (310) $ 1,580
Income tax (expense) benefit (635) (20) (58) (15) (21) 143 (606)
After-tax segment income (loss) $ 947 $ 30 $ 94 $ 22 $ 48 $ (167)* $ 974
Equity income $10 $— $— $16 $— $— $26
Depreciation, depletion and amortization $ 201 $ 105 $ 71 $ 36 $ 16 $ — $ 429
Capital expenditures $ 687 $ 117 $ 55 $ 79** $ 32 $ — $ 970
Investments in affiliated companies $ 37 $ — $ — $ 86 $ 1 $ — $ 124
Identifiable assets $ 3,866 $ 1,390 $1,583 $1,586 $417 $1,152*** $ 9,931†
* Consists of $84 million of after-tax corporate expenses, $45 million of after-tax net financing expenses and other, an $18 million net after-tax gain related to income tax matters
and a $56 million after-tax loss associated with the Chemicals segment’s phenol supply contract dispute (Notes 2, 3 and 4).
** Excludes $100 million acquisition from ExxonMobil of a crude oil pipeline system and related storage facilities located in Texas and $5 million acquisition from Chevron of an
ownership interest in Mesa Pipeline (Note 2).
*** Consists of Sunoco’s $215 million consolidated deferred income tax asset, $12 million of prepaid retirement costs and $925 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
2004
Sales and other operating revenue
(including consumer excise taxes):
Unaffiliated customers $11,732 $9,567 $2,197 $1,700 $272 $ — $25,468
Intersegment $ 7,125 $ — $ — $1,750 $ — $ — $ —
Pretax segment income (loss) $ 908 $ 111 $ 153 $ 44 $ 58 $(279) $ 995
Income tax (expense) benefit (367) (43) (59) (13) (18) 110 (390)
After-tax segment income (loss) $ 541 $ 68 $ 94 $ 31 $ 40 $(169)* $ 605
Equity income $ 5 $ — $ 2 $ 19 $ — $ — $ 26
Depreciation, depletion and amortization $ 188 $ 106 $ 70 $ 32 $ 13 $ — $ 409
Capital expenditures $ 463** $ 103*** $ 56** $ 75** $135 $ — $ 832
Investments in affiliated companies $ 11 $ — $ — $ 84 $ — $ — $ 95
Identifiable assets $ 3,125 $1,336 $1,582 $1,254 $374 $ 485†$ 8,079††
* Consists of $67 million of after-tax corporate expenses, $78 million of after-tax net financing expenses and other, an $18 million after-tax gain related to income tax matters, an
$8 million after-tax loss on the divestment of the Chemicals segment’s one-third interest in BEF and a $34 million after-tax loss from the early extinguishment of debt in
connection with a debt restructuring (Notes 2, 3, 4 and 11).
** Excludes $250 million acquisition from El Paso Corporation of the Eagle Point refinery and related chemical and logistics assets, which includes inventory. The $250 million
purchase price is comprised of $190, $40 and $20 million attributable to Refining and Supply, Chemicals and Logistics, respectively (Note 2).
*** Excludes $181 million acquisition from ConocoPhillips of 340 Mobil®retail outlets located primarily in Delaware, Maryland, Virginia and Washington, D.C., which includes
inventory (Note 2).
†Consists of Sunoco’s $110 million consolidated deferred income tax asset, $11 million of prepaid retirement costs and $364 million attributable to corporate activities.
†† After elimination of intersegment receivables.
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