Sunoco 2011 Annual Report Download - page 82

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The following tables summarize the effects of Sunoco’s acquisitions during 2011 and 2010 on the
consolidated financial position (including the consolidation of Inland, Mid-Valley and WTG and the recognition
of the related gains from the remeasurement of the pre-acquisition equity interests) (in millions of dollars):
2011 HKCC
Pipeline
Equity
Interests Texon
East
Boston
Terminal Total
Increase in:
Current assets ........................................... $ 8 $ 3 $ 24 $17 $ 52
Properties, plants and equipment ............................ 64 178 7 63 312
Deferred charges and other assets ............................ 8* — 197** — 205
Current liabilities ......................................... (4) (5) (6) — (15)
Deferred income taxes .................................... (23) (60) — — (83)
Other deferred credits and liabilities .......................... (1) (1) — (7) (9)
Sunoco, Inc. shareholders’ equity ............................ — (6) — — (6)
Noncontrolling interests ................................... — (20) — — (20)
Decrease in:
Investments and long-term receivables ........................ — (3) — — (3)
52 86 222 73 433
Contingent consideration .................................... (14) — — — (14)
Cash paid for acquisitions, net of cash received ................... $38 $ 86 $222 $73 $419
*Includes $6 million allocated to goodwill.
**Includes $183 million attributable to customer contracts and the associated shipping rights which are being amortized over 10 years and $14 million
allocated to goodwill.
2010 Texon
Pipeline
Equity
Interests
Retail
Marketing
Sites Total
Increase in:
Current assets ................................................ $ 14 $ 8 $ 1 $ 23
Properties, plants and equipment ................................. 1 471 24 496
Deferred charges and other assets* ................................ 137 — — 137
Deferred income taxes ......................................... — (186) — (186)
Sunoco, Inc. shareholders’ equity ................................. — (37) — (37)
Noncontrolling interests ........................................ — (149) — (149)
Decrease in:
Current liabilities .............................................. — 10 — 10
Investments and long-term receivables ............................. — (26) — (26)
Cash paid for acquisitions, net of cash received ........................ $152 $ 91 $25 $ 268
*Consists of $90 million allocated to patents and customer contracts and $47 million allocated to goodwill.
In the third quarter of 2009, the Partnership acquired Excel Pipeline LLC, the owner of a crude oil pipeline
which services Gary Williams’ Wynnewood, OK refinery and a refined products terminal in Romulus, MI for a
total of $50 million. The allocation of the purchase price of these acquisitions was $29 million to properties,
plants and equipment and $21 million to a supply contract included in deferred charges and other assets in the
consolidated balance sheets.
No pro forma information has been presented since the impacts of acquisitions during the 2009-2011 period
were not material in relation to Sunoco’s consolidated financial position or results of operations.
74