DCP MIDSTREAM PARTNERS, LP
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Years Ended December 31, 2011, 2010 and 2009 — (Continued)
21. Supplementary Information — Condensed Consolidating Financial Information
The following condensed consolidating financial information presents the results of operations, financial
position and cash flows of DCP Midstream Partners, LP, or parent guarantor, DCP Midstream Operating LP, or
subsidiary issuer, which is a 100% owned subsidiary, and non-guarantor subsidiaries, as well as the
consolidating adjustments necessary to present DCP Midstream Partners, LP’s results on a consolidated basis.
In conjunction with the universal shelf registration statement on Form S-3 filed with the SEC on May 26, 2010,
the parent guarantor has agreed to fully and unconditionally guarantee securities of the subsidiary issuer. For
the purpose of the following financial information, investments in subsidiaries are reflected in accordance with
the equity method of accounting. The financial information may not necessarily be indicative of results of
operations, cash flows, or financial position had the subsidiaries operated as independent entities.
Condensed Consolidating Balance Sheets
December 31, 2011
Parent
Guarantor
Subsidiary
Issuer
Non-
Guarantor
Subsidiaries
Consolidating
Adjustments Consolidated
(Millions)
ASSETS
Current assets:
Cash and cash equivalents . . . . . . . . . . . . . . . . . $ — $ 3.6 $ 5.5 $
(2.4) $ 6.7
Accounts receivable . . . . . . . . . . . . . . . . . . . . . . — — 161.4 —
161.4
Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — —
64.7 —
64.7
Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — —
7.1 —
7.1
Total current assets . . . . . . . . . . . . . . . . . . . . —
3.6 238.7
(2.4)
239.9
Property, plant and equipment, net . . . . . . . . . . . . — — 1,181.8 — 1,181.8
Goodwill and intangible assets, net . . . . . . . . . . . . — — 255.8 —
255.8
Advances receivable — consolidated
subsidiaries . . . . . . . . . . . . . . . . . . . . . . . . . . . . 370.7
597.2 —
(967.9) —
Investments in consolidated subsidiaries . . . . . . . . 257.8
421.9 —
(679.7) —
Investments in unconsolidated affiliates . . . . . . . . — — 208.7 —
208.7
Other long-term assets . . . . . . . . . . . . . . . . . . . . . . —
5.6
11.8 —
17.4
Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $628.5 $1,028.3 $1,896.8 $(1,650.0) $1,903.6
LIABILITIES AND EQUITY
Accounts payable and other current liabilities . . . $ — $ 18.7 $ 252.9 $
(2.4) $ 269.2
Advances payable — consolidated subsidiaries . . — — 967.9
(967.9) —
Long-term debt . . . . . . . . . . . . . . . . . . . . . . . . . . . —
746.8 — —
746.8
Other long-term liabilities . . . . . . . . . . . . . . . . . . . —
5.0
41.7 —
46.7
Total liabilities . . . . . . . . . . . . . . . . . . . . . . —
770.5 1,262.5
(970.3) 1,062.7
Commitments and contingent liabilities
Equity:
Partners’ equity
Net equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 628.5
277.2 423.7
(679.7)
649.7
Accumulated other comprehensive loss . . . . . . —
(19.4)
(1.8) —
(21.2)
Total partners’ equity . . . . . . . . . . . . . . . . . . . . . . . 628.5
257.8 421.9
(679.7)
628.5
Noncontrolling interests . . . . . . . . . . . . . . . . . . . . . — — 212.4 —
212.4
Total equity . . . . . . . . . . . . . . . . . . . . . . . . . . 628.5
257.8 634.3
(679.7)
840.9
Total liabilities and equity . . . . . . . . . . . . . $628.5 $1,028.3 $1,896.8 $(1,650.0) $1,903.6
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