Sunoco 2012 Annual Report Download - page 85

The following table summarizes the effects of the 2010 acquisitions on the Partnership’s consolidated
balance sheet (including the consolidation of Mid-Valley and West Texas Gulf) as of the respective acquisition
dates:
Butane
Blending
Joint
Ventures Terminals Total
(in millions)
Increase in:
Current assets ................................... $ 14 $ 23 $— $ 37
Investment in affiliates ............................ — 6 — 6
Properties, plants and equipment, net ................. 1 471 10 482
Intangible assets, net .............................. 90 — — 90
Goodwill ....................................... 47 — — 47
Deferred charges and other assets .................... — 1 — 1
Current liabilities ................................. — (4) — (4)
Other deferred credits and liabilities .................. — (1) (1) (2)
Deferred income taxes ............................. — (164) — (164)
Sunoco Logistics Partners L.P. equity ................ — (128) — (128)
Noncontrolling interests ........................... — (80) — (80)
Decrease in:
Investment in affiliates ............................ — (33) — (33)
Cash paid for acquisitions ........................ $152 $ 91 $ 9 $ 252
No pro forma information has been presented since the impact of acquisitions during 2011 and 2010 were
not material in relation to the Partnership’s consolidated results of operations.
4. Related Party Transactions
Acquisition of Sunoco
The general and limited partner interests that were previously owned by Sunoco were contributed to ETP in
connection with the acquisition of Sunoco by ETP (Note 1). As a result of these transactions, both the Partnership
and Sunoco became consolidated subsidiaries of ETP. The Partnership has various operating and administrative
agreements with Sunoco, including the agreements described below. Sunoco continues to perform the
administrative functions defined in such agreements on the Partnership’s behalf.
Pipeline and Terminalling Services
The Partnership is party to various agreements with Sunoco and its affiliates (including PES) to supply
crude oil and refined products and to provide pipeline and terminalling services pursuant to agreements with
terms that expire at various times as described below, and some of these services are provided pursuant to
agreements or arrangements that are short term in nature or subject to termination by either party. Affiliated
revenues in the consolidated statements of comprehensive income consist of sales of refined products and crude
oil as well as the related provision, and services including pipeline transportation, terminalling, storage and
blending.
The Partnership had the following material agreements with Sunoco and its affiliated entities at
December 31, 2012:
• The Partnership has a five-year product terminal services agreement with Sunoco under which Sunoco
may throughput refined products through the Partnership’s terminals. The agreement contains no
minimum throughput obligations for Sunoco. The agreement runs through February 2017.
• The Partnership has an agreement with PES relating to the Fort Mifflin Terminal Complex. Under this
agreement, PES will deliver an average of 300,000 barrels per day of crude oil and refined products per
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