Sunoco 2012 Annual Report Download - page 42

(6) Maintenance capital expenditures are capital expenditures required to maintain equipment reliability,
tankage and pipeline integrity and safety, and to address environmental regulations. We treat maintenance
expenditures that do not extend the useful life of existing assets as operating expenses as incurred.
(7) Expansion capital expenditures are capital expenditures made to acquire and integrate complimentary assets,
to improve operational efficiencies or reduce costs and to expand existing and construct new facilities, such
as projects that increase storage or throughput volume.
Successor Predecessor
December 31,
2012
December 31,
2011 2010 2009 2008
(in millions) (in millions)
Balance Sheet Data (at period end):
Net properties, plants and equipment .............................. $ 5,623 $2,522 $2,128 $1,534 $1,375
Total assets .................................................. $10,361 $5,477 $4,188 $3,099 $2,308
Total debt ................................................... $ 1,732 $1,698 $1,229 $ 868 $ 748
Total Sunoco Logistics Partners L.P. Equity ........................ $ 6,072 $1,096 $ 965 $ 862 $ 670
Noncontrolling interests ........................................ 123 98 77 — —
Total equity .................................................. $ 6,195 $1,194 $1,042 $ 862 $ 670
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
Operating Data:
Crude Oil Pipelines (1)
Pipeline throughput (thousands of barrels per day
(“bpd”))(2) ............................. 1,584 1,546 1,587 1,183 658 683
Pipeline revenue per barrel (cents) ............ 75.6 68.0 55.0 50.7 77.5 68.5
Crude Oil Acquisition and Marketing (3)
Crude oil purchases (thousands of bpd) ........ 669 674 663 638 592 579
Gross profit per barrel purchased (cents)(4) ..... 138.0 92.8 66.0 21.0 25.0 22.7
Average crude oil price (per barrel) ........... $88.20 $96.20 $95.14 $79.55 $61.93 $99.65
Terminal Facilities(5)
Terminal throughput (thousands of bpd)
Refined products terminals .............. 451 499 492 488 462 436
Nederland terminal .................... 787 703 757 729 597 526
Refinery terminals .................... 411 369 443 465 591 654
Refined Products Pipelines(1)
Pipeline throughput (thousands of bpd)(6) ....... 601 565 522 468 577 510
Pipeline revenue per barrel (cents) ............ 63.0 62.2 68.3 70.0 60.7 55.4
(1) Excludes amounts attributable to equity ownership interests in corporate joint ventures which are not
consolidated.
(2) In July and August 2010, we acquired controlling financial interests in Mid-Valley and West Texas Gulf,
respectively, and we accounted for the entities as consolidated subsidiaries from the dates of their respective
acquisitions. Average volumes for the year ended December 31, 2010 of 278 thousand bpd have been
included in the consolidated total. From the dates of acquisition, these pipelines had actual throughput of
696 thousand bpd for the year ended December 31, 2010.
(3) Includes results from the crude oil acquisition and marketing business acquired from Texon L.P. in August
2011 from the acquisition date.
(4) Represents total segment sales and other operating revenue minus cost of products sold and operating
expenses divided by crude oil purchases.
(5) In July 2011 and August 2011, we acquired the Eagle Point tank farm and a refined products terminal
located in East Boston, Massachusetts, respectively. Volumes and revenues for these acquisitions are
included from their acquisition dates.
(6) In May 2011, we acquired a controlling financial interest in Inland and we accounted for the entity as a
consolidated subsidiary from the date of acquisition. Average volumes for the year ended December 31,
2011 of 88 thousand bpd have been included in the consolidated total. From the date of acquisition, this
pipeline had actual throughput of 140 thousand bpd for the year ended December 31, 2011.
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