Page 121 - DCP AR2011 Dev

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DCP MIDSTREAM PARTNERS, LP
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY — (Continued)
Partners’ Equity
Predecessor
Equity
Common
Unitholders
Class D
Unitholders
Subordinated
Unitholders
General
Partner
Accumulated
Other
Comprehensive
Income (Loss)
Noncontrolling
Interests
Total
Equity
(Millions)
Balance, January 1, 2009
. . . . . $138.5
$429.0
$ —
$(54.6) $ (4.8) $(40.5)
$167.7 $ 635.3
Net change in parent advances . .
(6.4) — — — — —
(6.4)
Conversion of subordinated units
to common units . . . . . . . . . . . —
(52.1) —
52.1 — —
— —
Distributions . . . . . . . . . . . . . . . . —
(67.7)
(2.1)
(2.1)
(13.4) —
(85.3)
Distributions to noncontrolling
interests . . . . . . . . . . . . . . . . . . — — — — — —
(27.0)
(27.0)
Contributions from DCP
Midstream, LLC . . . . . . . . . . . —
0.7 — — — —
0.7
Contributions from
noncontrolling interests . . . . . . — — — — — —
78.7
78.7
Other . . . . . . . . . . . . . . . . . . . . . . —
(0.1) — — — —
(0.1)
Issuance of 2,875,000 common
units . . . . . . . . . . . . . . . . . . . . . —
69.5 — — — —
69.5
Issuance of 3,500,000 Class D
units . . . . . . . . . . . . . . . . . . . . . — —
49.7 — — —
49.7
Acquisition of additional 25.1%
interest in East Texas and the
NGL Hedge . . . . . . . . . . . . . . .
(68.0) —
4.6 — — —
(63.4)
Deficit purchase price over
carrying value of acquired
assets . . . . . . . . . . . . . . . . . . . . — —
19.0 — — —
19.0
Conversion of Class D units into
common units . . . . . . . . . . . . . —
66.8
(66.8) — — —
— —
Comprehensive income:
Net income attributable to
predecessor operations . . . . . .
7.4 — — — — —
7.4
Net (loss) income . . . . . . . . . . . . . —
(30.6)
(4.4)
4.6
12.3 —
8.3
(9.8)
Reclassification of cash flow
hedges into earnings . . . . . . . . — — — — —
20.6
20.6
Net unrealized losses on cash
flow hedges . . . . . . . . . . . . . . .
(0.7) — — — —
(12.0)
(12.7)
Total comprehensive (loss)
income . . . . . . . . . . . . . . . . . . .
6.7
(30.6)
(4.4)
4.6
12.3
8.6
8.3
5.5
Balance, December 31, 2009
. . . $ 70.8
$415.5
$ —
$ — $ (5.9) $(31.9)
$227.7 $ 676.2
Net change in parent advances . . 27.4 — — — — —
27.4
Purchase of additional interest in
a subsidiary . . . . . . . . . . . . . . . —
1.0 — — — —
(5.5)
(4.5)
Issuance of 5,870,200 common
units . . . . . . . . . . . . . . . . . . . . . —
189.1 — — — —
189.1
Equity based compensation . . . . . —
0.2 — — — —
0.2
Distributions to unitholders and
general partner . . . . . . . . . . . . . —
(85.6) — —
(16.3) —
(101.9)
Distributions to noncontrolling
interests . . . . . . . . . . . . . . . . . . — —
— — —
(25.6)
(25.6)
Contributions from DCP
Midstream, LLC . . . . . . . . . . . —
0.6 — — — —
0.6
Contributions from
noncontrolling interests . . . . . . — — — — — —
14.3
14.3
Excess purchase price over
carrying value of acquired
assets . . . . . . . . . . . . . . . . . . . . —
(0.8) — — — —
(0.8)
Comprehensive income:
Net income attributable to
predecessor operations . . . . . . 14.4 — — — — —
14.4
Net income . . . . . . . . . . . . . . . . . —
32.2 — —
15.8 —
9.2
57.2
Reclassification of cash flow
hedges into earnings . . . . . . . . — — — — —
22.9
22.9
Net unrealized losses on cash
flow hedges . . . . . . . . . . . . . . . — — — — —
(18.7)
(18.7)
Total comprehensive income
(loss) . . . . . . . . . . . . . . . . . . . . 14.4
32.2 — —
15.8
4.2
9.2
75.8
Balance, December 31, 2010
. . . $112.6
$552.2
$ —
$ — $ (6.4) $(27.7)
$220.1 $ 850.8
See accompanying notes to consolidated financial statements.
108