Sunoco 2014 Annual Report Download - page 42

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Successor Predecessor
December 31, December 31,
2014 2013 2012 2011 2010
(in millions) (in millions)
Balance Sheet Data (at period end):
Net properties, plants and equipment $ 8,849 $ 6,519 $ 5,623 $ 2,522 $ 2,128
Total assets $ 13,644 $ 11,897 $ 10,361 $ 5,477 $ 4,188
Total debt $ 4,260 $ 2,503 $ 1,732 $ 1,698 $ 1,229
Total Sunoco Logistics Partners L.P. Equity $ 6,678 $ 6,204 $ 6,072 $ 1,096 $ 965
Noncontrolling interests 60 121 123 98 77
Total equity $ 6,738 $ 6,325 $ 6,195 $ 1,194 $ 1,042
Successor Predecessor
Year Ended
December 31, Period from Acquisition,
October 5, 2012 to
December 31, 2012
Period from
January 1, 2012 to
October 4, 2012
Year Ended
December 31,
2014 2013 2011 2010
Operating Data:
Crude Oil Pipelines (1)
Pipeline throughput (thousands of
barrels per day ("bpd")) (2) 2,125 1,866 1,584 1,546 1,587 1,183
Pipeline revenue per barrel (cents) 71.6 72.7 75.6 68.0 55.0 50.7
Crude Oil Acquisition and Marketing (3)
Crude oil purchases (thousands of
bpd) 873 749 669 674 663 638
Gross profit per barrel purchased
(cents)(4) 60.5 94.9 142.5 95.1 68.1 23.4
Average crude oil price (per barrel) $ 92.92 $ 98.00 $ 88.20 $ 96.20 $ 95.14 $ 79.55
Terminal Facilities (5)
Terminal throughput (thousands of
bpd)
Refined products terminals 414 431 451 499 492 488
Nederland terminal 1,233 932 787 703 757 729
Refinery terminals 288 397 411 369 443 465
Products Pipelines (1)
Pipeline throughput (thousands of
bpd) (6) 552 571 601 565 522 468
Pipeline revenue per barrel (cents) 88.1 62.5 63.0 62.2 68.3 70.0
(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 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. In the fourth quarter 2014, we adjusted our classification of certain operating expenses and selling, general and
administrative expenses to conform to the presentation utilized by ETP. All prior period amounts, including gross profit per barrel
purchased, have been recast to conform to current presentation.
(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.