Sunoco 2014 Annual Report Download - page 94
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92
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
Year Ended December 31, Period from
Acquisition,
October 5, 2012 to
December 31, 2012
Period from
January 1, 2012 to
October 4, 2012
2014 2013
(in millions) (in millions)
Sales and other operating revenue (1)
Crude Oil Pipelines $ 555 $ 495 $ 110 $ 288
Crude Oil Acquisition and Marketing 16,418 15,518 2,888 9,258
Terminal Facilities 1,224 751 206 406
Products Pipelines 178 130 35 96
Intersegment eliminations (287) (255) (50) (127)
Total sales and other operating revenue $ 18,088 $ 16,639 $ 3,189 $ 9,921
Depreciation and amortization
Crude Oil Pipelines $ 99 $ 90 $ 22 $ 19
Crude Oil Acquisition and Marketing 54 49 11 16
Terminal Facilities 111 101 23 28
Products Pipelines 32 25 7 13
Total depreciation and amortization $ 296 $ 265 $ 63 $ 76
Impairment charge and other related matters (2) (3) (4)
Crude Oil Acquisition and Marketing $ 231 $ — $ — $ 8
Terminal Facilities 27 — — (10)
Products Pipelines — — — 1
Total impairment charge and other related matters $ 258 $ — $ — $ (1)
Capital expenditures (5)
Crude Oil Pipelines $ 545 $ 190 $ 65 $ 56
Crude Oil Acquisition and Marketing 52 25 1 15
Terminal Facilities 892 252 45 138
Products Pipelines 1,056 533 26 24
Corporate 14 18 2 2
Total capital expenditures $ 2,559 $ 1,018 $ 139 $ 235
Adjusted EBITDA
Crude Oil Pipelines $ 377 $ 349 $ 72 $ 203
Crude Oil Acquisition and Marketing 163 233 81 158
Terminal Facilities 346 233 52 173
Products Pipelines 85 56 14 57
Total Adjusted EBITDA 971 871 219 591
Interest expense, net (67) (77) (14) (65)
Depreciation and amortization expense (296) (265) (63) (76)
Impairment charge and other related matters (258) — — (9)
Provision for income taxes (25) (30) (8) (24)
Non-cash compensation expense (16) (14) (2) (6)
Unrealized gain/(loss) on commodity risk
management activities 17 1 3 (6)
Amortization of excess equity method investment (2) (2) — —
Proportionate share of unconsolidated affiliates'
interest, depreciation and provision for income taxes (24) (20) (5) (16)
Non-cash accrued liability adjustment — 10 — —
Adjustments to commodity hedges resulting from
"push-down" accounting — — 12 —
Net Income (6) 300 474 142 389
Net Income attributable to noncontrolling interests 9 11 3 8
Net Income attributable to Sunoco Logistics Partners
L.P. $ 291 $ 463 $ 139 $ 381