Sunoco 2014 Annual Report Download - page 96

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94
19. Quarterly Financial Data (Unaudited)
Summarized quarterly financial data is as follows:
First Quarter Second Quarter Third Quarter Fourth Quarter (1)
(in millions, except per unit amounts)
2014
Sales and other operating revenue:
Unaffiliated customers $ 4,171 $ 4,412 $ 4,616 $ 3,819
Affiliates $ 306 $ 409 $ 299 $ 56
Gross profit (3) $ 226 $ 276 $ 279 $ 258
Operating income, (loss) $ 127 $ 180 $ 172 $ (112)
Net Income (Loss) $ 110 $ 158 $ 157 $ (125)
Net Income attributable to noncontrolling interests 3222
Net Income (Loss) attributable to Sunoco Logistics
Partners L.P. $ 107 $ 156 $ 155 $ (127)
Less: General Partner's interest (38) (44) (49) (50)
Limited Partners' interest $ 69 $ 112 $ 106 $ (177)
Net Income (Loss) attributable to Sunoco Logistics
Partners L.P. per Limited Partner unit—basic $ 0.33 $ 0.54 $ 0.50 $ (0.80)
Net Income (Loss) attributable to Sunoco Logistics
Partners L.P. per Limited Partner unit—diluted $ 0.33 $ 0.53 $ 0.50 $ (0.80)
First Quarter Second Quarter Third Quarter Fourth Quarter (2)
(in millions, except per unit amounts)
2013
Sales and other operating revenue:
Unaffiliated customers $ 3,098 $ 3,948 $ 4,120 $ 3,907
Affiliates $ 414 $ 363 $ 408 $ 381
Gross profit (3) $ 252 $ 253 $ 195 $ 217
Operating income $ 165 $ 165 $ 104 $ 126
Net Income $ 142 $ 146 $ 81 $ 105
Net Income attributable to noncontrolling interests 2333
Net Income attributable to Sunoco Logistics Partners L.P. $ 140 $ 143 $ 78 $ 102
Less: General Partner's interest (27) (30) (31) (36)
Limited Partners' interest $ 113 $ 113 $ 47 $ 66
Net Income attributable to Sunoco Logistics Partners L.P.
per Limited Partner unit—basic $ 0.54 $ 0.54 $ 0.23 $ 0.32
Net Income attributable to Sunoco Logistics Partners L.P.
per Limited Partner unit—diluted $ 0.54 $ 0.54 $ 0.23 $ 0.32
(1) During the fourth quarter 2014, the Partnership recognized a non-cash write down on the cost basis of crude oil, refined products
and NGLs inventory of $258 million.
(2) During the fourth quarter 2013, the Partnership recognized a gain of $10 million on a non-cash accrued liability adjustment.
(3) Gross profit equals sales and other operating revenue less cost of products sold and operating expenses.