Sunoco 2006 Annual Report Download - page 73

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Segment Information
(Millions of Dollars)
Refining and
Supply
Retail
Marketing Chemicals Logistics Coke
Corporate
and Other Consolidated
2006
Sales and other operating revenue
(including consumer excise taxes):
Unaffiliated customers $18,140 $13,482 $2,544 $3,995 $475 $ — $38,636
Intersegment $11,068 $ — $ — $1,837 $ 10 $ — $ —
Pretax segment income (loss) $ 1,467 $ 129 $ 61 $ 55 $ 52 $(184) $ 1,580
Income tax (expense) benefit (586) (53) (18) (19) (2) 77 (601)
After-tax segment income (loss) $ 881 $ 76 $ 43 $ 36 $ 50 $(107)* $ 979
Equity income $4 $— $—$22$— $— $26
Depreciation, depletion and amortization $ 225 $ 104 $ 74 $ 38 $ 18 $ — $ 459
Capital expenditures $ 712 $ 112 $ 62** $ 119*** $ 14†$ — $ 1,019
Investments in affiliated companies $ 22 $ — $ — $ 85 $ 2 $ — $ 109
Identifiable assets $ 5,144 $ 1,409 $1,598 $1,991 $483 $ 430†† $10,982†††
* Consists of $58 million of after-tax corporate expenses and $49 million of after-tax net financing expenses and other.
** Excludes a $14 million purchase price adjustment to the 2001 Aristech Chemical Corporation acquisition attributable to an earn-out payment made in 2006. The earn out, which
relates to 2005, was due to realized margins for phenol exceeding certain agreed-upon threshold amounts.
*** Excludes the acquisition of two separate crude oil pipeline systems and related storage facilities located in Texas, one from Alon USA Energy, Inc. for $68 million and the other
from Black Hills Energy, Inc. for $41 million (Note 2).
†Excludes $155 million acquisition of the minority interest in the Jewell cokemaking operations (Notes 2 and 15).
†† Consists of Sunoco’s $93 million consolidated deferred income tax asset and $337 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
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 and $937 million attributable to corporate activities.
†After elimination of intersegment receivables.
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