DCP MIDSTREAM PARTNERS, LP
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Years Ended December 31, 2011, 2010 and 2009 — (Continued)
Year Ended December 31, 2010:
Natural Gas
Services
NGL
Logistics
Wholesale
Propane
Logistics Other Total
(Millions)
Total operating revenue . . . . . . . . . . . . . . $778.7 $ 17.6 $473.2 $ — $1,269.5
Gross margin (a) . . . . . . . . . . . . . . . . . . . $195.1 $ 12.9 $ 28.9 $ — $ 236.9
Operating and maintenance expense . . . .
(63.5)
(3.7)
(12.6) —
(79.8)
Depreciation and amortization
expense . . . . . . . . . . . . . . . . . . . . . . . .
(69.1)
(2.6)
(1.9)
(0.1)
(73.7)
General and administrative expense . . . . — — —
(33.7)
(33.7)
Earnings from unconsolidated
affiliates . . . . . . . . . . . . . . . . . . . . . . . .
37.4
0.8 — —
38.2
Other operating income . . . . . . . . . . . . . .
1.0 —
3.0 —
4.0
Step acquisition — equity interest
re-measurement gain . . . . . . . . . . . . . . —
9.1 — —
9.1
Interest expense . . . . . . . . . . . . . . . . . . . . — — —
(29.1)
(29.1)
Income tax expense (b) . . . . . . . . . . . . . . — — —
(0.3)
(0.3)
Net income (loss) . . . . . . . . . . . . . . . . . . .
100.9
16.5
17.4
(63.2)
71.6
Net income attributable to noncontrolling
interests . . . . . . . . . . . . . . . . . . . . . . . .
(9.2) — — —
(9.2)
Net income (loss) attributable to
partners . . . . . . . . . . . . . . . . . . . . . . . . $ 91.7 $ 16.5 $ 17.4 $(63.2) $ 62.4
Non-cash derivative mark-to-market
(c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ (4.4) $ — $ (1.0) $ 1.4 $ (4.0)
Capital expenditures . . . . . . . . . . . . . . . . $ 38.6 $ 11.5 $ 0.6 $ — $ 50.7
Acquisitions net of cash acquired . . . . . . $ — $135.5 $ 67.8 $ — $ 203.3
Investments in unconsolidated
affiliates . . . . . . . . . . . . . . . . . . . . . . . . $ 28.6 $ — $ — $ — $ 28.6
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