CenterPoint Energy 2015 Annual Report Download - page 113

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Summarizedconsolidatedincome(loss)informationforEnableisasfollows:
Year Ended December 31,
2015
2014
2013
(in millions)
Operatingrevenues
$ 2,418
$ 3,367
$ 2,123
Costofsales,excludingdepreciationandamortization
1,097
1,914
1,241
Impairmentofgoodwillandotherlong-livedassets
1,134
8
12
Operatingincome(loss)
(712)
586
322
Netincome(loss)attributabletoEnable
(752)
530
289
Reconciliation of Equity in Earnings (Losses), net:
CenterPointEnergy’sinterest
$ (416)
$ 298
$ 168
Basisdifferenceamortization(1)
8
5
5
ImpairmentofCenterPointEnergy’sequitymethodinvestmentinEnable
(1,225)
—
—
CenterPointEnergy’sequityinearnings(losses),net(2)
$ (1,633)
$ 303
$ 173
(1) Equity in earnings of unconsolidated affiliates includes CenterPoint Energy’s share of Enable earnings adjusted for the amortization of the basis
differenceofCenterPointEnergy’soriginalinvestmentinEnableanditsunderlyingequityinnetassetsofEnable.Thebasisdifferenceisbeingamortized
overapproximately33years,theaveragelifeoftheassetstowhichthebasisdifferenceisattributed.
(2) TheseamountsincludeCenterPointEnergy’sshareofEnable’simpairmentofgoodwillandlong-livedassetsandtheimpairmentofCenterPointEnergy’s
equity method investment in Enable totaling $1,846 million during the year ended December 31, 2015. This impairment is offset by $213 million of
earningsfortheyearendedDecember31,2015.
SummarizedconsolidatedbalancesheetinformationforEnableisasfollows:
December 31,
2015
2014
(in millions)
Currentassets
$ 381
$ 438
Non-currentassets
10,857
11,399
Currentliabilities
615
671
Non-currentliabilities
3,092
2,343
Non-controllinginterest
12
31
Enablepartners’capital
7,519
8,792
Reconciliation of Investment in Enable:
CenterPointEnergy’sownershipinterestinEnablepartners’capital
$ 4,163
$ 4,869
CenterPointEnergy’sbasisdifference
(1,569)
(349)
CenterPointEnergy’sinvestmentinEnable
$ 2,594
$ 4,520
107