Sunoco 2012 Annual Report Download - page 103

The following table sets forth consolidated statement of comprehensive income information concerning the
Partnership’s business segments and reconciles total segment Adjusted EBITDA to net income attributable to
SXL for the periods presented:
Successor Predecessor
Period from Acquisition
(October 5, 2012) to
December 31, 2012
Period from
January 1, 2012 to
October 4, 2012
Year Ended
December 31,
2011 2010
(in millions) (in millions)
Sales and other operating revenue(1)
Crude Oil Pipelines ............................... $ 110 $ 288 $ 319 $ 221
Crude Oil Acquisition and Marketing ................. 2,888 9,258 10,163 7,282
Terminal Facilities ................................ 206 406 435 287
Refined Products Pipelines ......................... 35 96 130 120
Intersegment eliminations .......................... (50) (127) (142) (102)
Total sales and other operating revenue ........... $3,189 $9,921 $10,905 $7,808
Depreciation and amortization
Crude Oil Pipelines ............................... $ 22 $ 19 $ 25 $ 21
Crude Oil Acquisition and Marketing ................. 11 16 10 2
Terminal Facilities ................................ 23 28 34 26
Refined Products Pipelines ......................... 7 13 17 15
Total depreciation and amortization .............. $ 63 $ 76 $ 86 $ 64
Impairment charge and related matters(2) (3)
Crude Oil Acquisition and Marketing ................. $ — $ 8 $ — $ —
Terminal Facilities ................................ — (10) 42 3
Refined Products Pipelines ......................... — 1 — —
Total impairment charge and related matters ....... $ — $ (1) $ 42 $ 3
Capital expenditures(4) (5)
Crude Oil Pipelines ............................... $ 65 $ 56 $ 49 $ 36
Crude Oil Acquisition and Marketing ................. 1 15 15 2
Terminal Facilities ................................ 45 138 121 110
Refined Products Pipelines ......................... 26 24 23 17
Corporate ....................................... 2 2 5 9
Total capital expenditures ...................... $ 139 $ 235 $ 213 $ 174
Adjusted EBITDA
Crude Oil Pipelines ............................... $ 72 $ 203 $ 207 $ 156
Crude Oil Acquisition and Marketing ................. 81 158 148 39
Terminal Facilities ................................ 52 173 149 127
Refined Products Pipelines ......................... 14 57 69 77
Total Adjusted EBITDA ....................... 219 591 573 399
Interest expense, net .............................. (14) (65) (89) (73)
Depreciation and amortization expense ............... (63) (76) (86) (64)
Impairment charge ................................ — (9) (31) (3)
Provision for income taxes ......................... (8) (24) (25) (8)
Non-cash compensation expense ..................... (2) (6) (6) (5)
Unrealized losses/(gains) on commodity risk management
activities ...................................... 3 (6) 2 (2)
Proportionate share of unconsolidated affiliates’ interest,
depreciation and provision for income taxes .......... (5) (16) (16) (24)
Adjustments to commodity hedges resulting from “push-
down” accounting .............................. 12 — — —
Gain on investments in affiliates ..................... — — — 128
Net Income(6) .................................... 142 389 322 348
Net Income attributable to noncontrolling interests ...... 3 8 9 2
Net Income attributable to Sunoco Logistics Partners
L.P. ......................................... $ 139 $ 381 $ 313 $ 346
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