Sunoco 2015 Annual Report Download - page 42

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ITEM 6. SELECTED FINANCIAL DATA
The following tables present selected current and historical 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."
Due to the application of push-down accounting applied to our consolidated financial statements, in which our assets and
liabilities were adjusted to fair value following the acquisition of our general partner by Energy Transfer Partners, L.P. ("ETP"),
selected financial statements are presented using two different bases of accounting for the periods before and after the
acquisition. The periods prior to the October 5, 2012 acquisition are identified as "Predecessor" and the periods from October 5,
2012 forward are identified as "Successor."
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,
2015 2014 2013 2011
(in millions, except per unit data) (in millions, except per unit data)
Income Statement Data:
Revenues:
Sales and other operating revenue:
Unaffiliated customers $ 9,971 $ 17,018 $ 15,073 $ 2,989 $ 9,460 $ 10,473
Affiliates 515 1,070 1,566 200 461 432
Gain on divestment and related
matters — — — — 11 —
Total revenues $ 10,486 $ 18,088 $ 16,639 $ 3,189 $ 9,932 $ 10,905
Operating income $ 530 $ 367 $ 560 $ 159 $ 460 $ 423
Other income (1) $ 22 $ 25 $ 21 $ 5 $ 18 $ 13
Income before income tax expense $ 418 $ 325 $ 504 $ 150 $ 413 $ 347
Net Income $ 397 $ 300 $ 474 $ 142 $ 389 $ 322
Net income attributable to
noncontrolling interests (3) (9) (11) (3) (8) (9)
Net income attributable to
redeemable noncontrolling interests (1) — — — — —
Net Income Attributable to Sunoco
Logistics Partners L.P. $ 393 $ 291 $ 463 $ 139 $ 381 $ 313
Net Income Attributable to Sunoco
Logistics Partners L.P. per Limited
Partner unit: (2)
Basic $ 0.42 $ 0.52 $ 1.63 $ 0.55 $ 1.57 $ 1.28
Diluted $ 0.42 $ 0.51 $ 1.63 $ 0.55 $ 1.57 $ 1.27
Cash distributions per unit to Limited
Partners: (2) (3)
Paid $ 1.72 $ 1.43 $ 1.17 $ 0.26 $ 0.66 $ 0.81
Declared $ 1.79 $ 1.50 $ 1.23 $ 0.27 $ 0.71 $ 0.82
Other Data:
Adjusted EBITDA (4) $ 1,153 $ 971 $ 871 $ 219 $ 591 $ 573
Distributable Cash Flow (4) $ 879 $ 750 $ 660 $ 163 $ 439 $ 388
(1) Includes equity income from our investments in the following joint ventures interests: Explorer Pipeline Company, Wolverine Pipe
Line Company, West Shore Pipe Line Company, Yellowstone Pipe Line Company, Bayview Refining Company, LLC, and SunVit
Pipeline LLC ("SunVit"). Equity income from the investments has been included based on our respective ownership percentages of
each, and from the dates of acquisition or formation.
(2) In June 2014, a two-for-one split was completed, which resulted in the issuance of one additional common unit for every one unit
owned. All unit and per unit information is presented on a post-split basis.