DCP MIDSTREAM PARTNERS, LP
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Years Ended December 31, 2011, 2010 and 2009 — (Continued)
The following tables set forth our segment information:
Year Ended December 31, 2011:
Natural Gas
Services
NGL
Logistics
Wholesale
Propane
Logistics Other
Eliminations
(f)
Total
(Millions)
Total operating revenue . . . . . . . . . . . . . . . . $881.8 $ 56.6 $633.6 $ — $(2.2) $1,569.8
Gross margin (a) . . . . . . . . . . . . . . . . . . . . . . $236.9 $ 52.0 $ 51.1 $ — $ — $ 340.0
Operating and maintenance expense . . . . . .
(74.4)
(15.9)
(15.1) — —
(105.4)
Depreciation and amortization expense . . . .
(69.9)
(8.2)
(2.9) — —
(81.0)
General and administrative expense . . . . . . . — — —
(37.3) —
(37.3)
Earnings from unconsolidated affiliates . . . .
36.9 — — — —
36.9
Other operating income . . . . . . . . . . . . . . . . —
0.5 — — —
0.5
Interest expense . . . . . . . . . . . . . . . . . . . . . . — — —
(33.9) —
(33.9)
Income tax expense (b) . . . . . . . . . . . . . . . . — — —
(0.6) —
(0.6)
Net income (loss) . . . . . . . . . . . . . . . . . . . . . 129.5
28.4
33.1
(71.8) —
119.2
Net income attributable to noncontrolling
interests . . . . . . . . . . . . . . . . . . . . . . . . . . .
(18.8) — — — —
(18.8)
Net income (loss) attributable to partners . . $110.7 $ 28.4 $ 33.1 $(71.8) $ — $ 100.4
Non-cash derivative mark-to-market (c) . . . $ 22.4 $ — $ 0.3 $ (2.2) $ — $ 20.5
Capital expenditures . . . . . . . . . . . . . . . . . . . $ 90.3 $ 9.3 $ 4.6 $ — $ — $ 104.2
Acquisitions net of cash acquired . . . . . . . . . $145.2 $ 29.6 $ — $ — $ — $ 174.8
Investments in unconsolidated affiliates . . . $ 15.1 $ — $ — $ — $ — $ 15.1
150