Sunoco 2012 Annual Report Download - page 39

ITEM 6. SELECTED FINANCIAL DATA
The following tables present selected current and historical audited financial data. The tables should be read
together with the consolidated financial statements and the accompanying notes of Sunoco Logistics Partners
L.P. included in Item 8. “Financial Statements and Supplementary Data.” The tables also should be read together
with Item 7. “Management’s Discussion and Analysis of Financial Condition and Results of Operations.”
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 2009 2008
(in millions, except per
unit data) (in millions, except per unit data)
Income Statement Data:
Revenues: .................................
Sales and other operating revenue: ..........
Unaffiliated customers ............... $2,989 $9,460 $10,473 $6,691 $4,696 $ 7,540
Affiliates .......................... 200 461 432 1,117 706 2,572
Other income(1) ......................... 5 18 13 30 28 24
Gain on divestment and related matters ...... — 11 — — — —
Total revenues .............................. $3,194 $9,950 $10,918 $7,838 $5,430 $10,136
Operating income ........................... $ 164 $ 478 $ 436 $ 301 $ 295 $ 245
Gain on investments in affiliates ............... $
—
$
—
$
— $ 128
$
—
$
—
Income before income tax expense ............. $ 150 $ 413 $ 347 $ 356 $ 250 $ 214
Net Income ................................ $ 142 $ 389 $ 322 $ 348 $ 250 $ 214
Net Income attributable to noncontrolling
interests ................................. 3 8 9 2 — —
Net Income attributable to Sunoco Logistics
Partners L.P. ............................. $ 139 $ 381 $ 313 $ 346 $ 250 $ 214
Net Income attributable to Sunoco Logistics
Partners L.P. per Limited Partner unit:
Basic ................................. $ 1.11 $ 3.15 $ 2.56 $ 3.13 $ 2.17 $ 2.06
Diluted ............................... $ 1.10 $ 3.14 $ 2.54 $ 3.11 $ 2.16 $ 2.05
Cash distributions per unit to Limited Partners:(2)
Paid .................................. $ 0.52 $ 1.32 $ 1.61 $ 1.51 $ 1.37 $ 1.22
Declared .............................. $ 0.55 $ 1.42 $ 1.64 $ 1.54 $ 1.40 $ 1.26
Other Data:
Adjusted EBITDA(3) ......................... $ 219 $ 591 $ 573 $ 399 $ 372 $ 319
Distributable Cash Flow(3) .................... $ 165 $ 439 $ 390 $ 242 $ 264 $ 238
(1) Includes equity income from the investments in the following joint ventures: Explorer Pipeline Company,
Wolverine Pipe Line Company, West Shore Pipe Line Company (“West Shore”), Yellowstone Pipe Line
Company, Mid-Valley Pipeline Company (“Mid-Valley”) and West Texas Gulf Pipe Line Company (“West
Texas Gulf”). Equity income from the investments has been included based on our respective ownership
percentages of each, and from the dates of acquisition forward. In the third quarter 2010, we acquired a
controlling financial interest in Mid-Valley and West Texas Gulf. Therefore, these joint ventures are
reflected as consolidated subsidiaries from the respective dates of acquisition.
(2) Cash distributions paid per unit to limited partners represent payments made per unit during the period
stated. Cash distributions declared per unit to limited partners represent distributions declared per unit for
the quarters within the period stated. Declared distributions were paid within 45 days following the close of
each quarter.
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