Energy Transfer 2010 Annual Report Download - page 169
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Derivative Summary
The following table provides a balance sheet overview of the Partnership’s derivative assets and liabilities
as of December 31, 2010 and 2009:
Fair Value of Derivative Instruments
Asset Derivatives Liability Derivatives
2010 2009 2010 2009
Derivatives designated as hedging instruments:
Commodity derivatives (margin deposits) $ 35,031 $ 669 $ (6,631) $ (24,035)
Commodity derivatives 6,589 8,443 – (201)
41,620 9,112 (6,631) (24,236)
Derivatives not designated as hedging instruments:
Commodity derivatives (margin deposits) 64,940 72,851 (72,729) (36,950)
Commodity derivatives 275 3,928 – (241)
Interest rate derivatives 20,790 – (18,338) –
86,005 76,779 (91,067) (37,191)
Total derivatives $ 127,625 $ 85,891 $ (97,698) $ (61,427)
The commodity derivatives (margin deposits) are recorded in “Other current assets” on our consolidated
balance sheets. The remainder of the derivatives are recorded in “Price risk management assets/liabilities.”
We disclose the non-exchange traded financial derivative instruments as price risk management assets and
liabilities on our consolidated balance sheets at fair value with amounts classified as either current or long-
term depending on the anticipated settlement date.
The following tables summarize the amounts recognized with respect to our derivative financial instruments
for the periods presented:
Change in Value Recognized in OCI on Derivatives
(Effective Portion)
Years Ended December 31,
2010 2009 2008
Derivatives in cash flow hedging relationships:
Commodity derivatives $ 60,764 $ 3,143 $ 17,461
Interest rate derivatives (1,366) – –
Total $ 59,398 $ 3,143 $ 17,461
F-43