Energy Transfer 2010 Annual Report Download - page 143
Download and view the complete annual report
Please find page 143 of the 2010 Energy Transfer annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133 -
134 -
135 -
136 -
137 -
138 -
139 -
140 -
141 -
142 -
143 -
144 -
145 -
146 -
147 -
148 -
149 -
150 -
151 -
152 -
153 -
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
 |
 |
Changes in the carrying amount of goodwill were as follows:
Intrastate
Transportation
and Storage
Interstate
Transportation Midstream
Retail
Propane All Other Total
Balance, December 31, 2008 $ 10,327 $ 98,613 $ 22,150 $ 612,604 $ – $ 743,694
Purchase accounting
adjustments – – – (8,662) – (8,662)
Goodwill acquired – – – 33 10,440 10,473
Balance, December 31, 2009 10,327 98,613 22,150 603,975 10,440 745,505
Goodwill acquired – – 27,329 9,131 – 36,460
Other – – 23 – (755) (732)
Balance, December 31, 2010 $ 10,327 $ 98,613 $ 49,502 $ 613,106 $ 9,685 $ 781,233
Goodwill is recorded at the acquisition date based on a preliminary purchase price allocation and generally
may be adjusted when the purchase price allocation is finalized. A net increase in goodwill of $35.7 million
was recorded during the year ended December 31, 2010, primarily due to $27.3 million from the acquisition
of the natural gas gathering company referenced in Note 3. This additional goodwill is expected to be
deductible for tax purposes.
Intangibles and Other Assets
Intangibles and other assets are stated at cost, net of amortization computed on the straight-line method. We
eliminate from our balance sheet the gross carrying amount and the related accumulated amortization for
any fully amortized intangibles in the year they are fully amortized. Components and useful lives of
intangibles and other assets were as follows:
December 31, 2010 December 31, 2009
Gross Carrying
Amount
Accumulated
Amortization
Gross Carrying
Amount
Accumulated
Amortization
Amortizable intangible assets:
Customer relationships, contracts
and agreements (3 to 46 years) $ 251,418 $ (74,910) $ 176,858 $ (58,761)
Noncompete agreements (3 to 15
years) 21,165 (11,888) 24,139 (12,415)
Patents (9 years) 750 (118) 750 (35)
Other (10 to 15 years) 1,320 (492) 478 (397)
Total amortizable intangible
assets 274,653 (87,408) 202,225 (71,608)
Non-amortizable intangible assets –
Trademarks 77,445 – 75,825 –
Total intangible assets 352,098 (87,408) 278,050 (71,608)
Other assets:
Financing costs (3 to 30 years) 67,795 (32,528) 68,597 (24,774)
Regulatory assets 107,384 (14,445) 101,879 (9,501)
Other 30,400 – 41,316 –
Total intangibles and other
assets $ 557,677 $(134,381) $ 489,842 $(105,883)
F-17