Energy Transfer 2010 Annual Report Download - page 151
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Summarized Financial Information
The following tables present aggregated selected balance sheet and income statement data for our
unconsolidated affiliates, MEP and FEP (on a 100% basis) for all periods presented:
December 31,
2010 2009
Current assets $ 53,661 $ 33,794
Property, plant and equipment, net 3,163,504 2,576,031
Other assets 12,493 19,658
Total assets $ 3,229,658 $ 2,629,483
Current liabilities $ 77,050 $ 105,951
Non-current liabilities 1,739,686 1,198,882
Equity 1,412,922 1,324,650
Total liabilities and equity $ 3,229,658 $ 2,629,483
Years Ended December 31,
2010 2009 2008
Revenue $ 229,749 $ 98,593 $ –
Operating income 114,455 47,818 –
Net income 60,173 36,555 1,057
5. NET INCOME PER LIMITED PARTNER UNIT:
A reconciliation of net income and weighted average units used in computing basic and diluted net income
per unit is as follows:
Years Ended December 31,
2010 2009 2008
Net income $ 617,222 $ 791,542 $ 866,023
General Partner’s interest in net income 387,729 365,362 315,896
Limited Partners’ interest in net income 229,493 426,180 550,127
Additional earnings allocated from General Partner 771 468 –
Distributions on employee unit awards, net of allocation
to General Partner (4,946) (2,760) (153)
Net income available to Limited Partners $ 225,318 $ 423,888 $ 549,974
Weighted average Limited Partner units – basic 188,077,143 167,337,192 146,871,261
Basic net income per Limited Partner unit $ 1.20 $ 2.53 $ 3.74
Weighted average Limited Partner units 188,077,143 167,337,192 146,871,261
Dilutive effect of unvested unit awards 640,253 431,789 219,347
Weighted average Limited Partner units, assuming
dilutive effect of unvested unit awards 188,717,396 167,768,981 147,090,608
Diluted net income per Limited Partner unit $ 1.19 $ 2.53 $ 3.74
F-25