DCP MIDSTREAM PARTNERS, LP
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Years Ended December 31, 2011, 2010 and 2009 — (Continued)
Condensed Consolidating Balance Sheets
December 31, 2010 (a)
Parent
Guarantor
Subsidiary
Issuer
Non-Guarantor
Subsidiaries
Consolidating
Adjustments Consolidated
(Millions)
ASSETS
Current assets:
Cash and cash equivalents . . . . . . . . . . . . $ — $ 1.5 $ 6.7 $
(1.5) $ 6.7
Accounts receivable . . . . . . . . . . . . . . . . . — —
151.0
—
151.0
Inventories . . . . . . . . . . . . . . . . . . . . . . . . . — —
64.1
—
64.1
Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — —
10.2
—
10.2
Total current assets . . . . . . . . . . . . . . . . —
1.5
232.0
(1.5)
232.0
Property, plant and equipment, net . . . . . . . . — —
1,097.1
— 1,097.1
Goodwill and intangible assets, net . . . . . . . — —
258.6
—
258.6
Advances receivable — consolidated
subsidiaries . . . . . . . . . . . . . . . . . . . . . . . . 333.4 534.7 —
(868.1) —
Investments in consolidated subsidiaries . . . 297.5 436.2 —
(733.7) —
Investments in unconsolidated affiliates . . . . — —
216.9
—
216.9
Other long-term assets . . . . . . . . . . . . . . . . . —
2.3
6.3
—
8.6
Total assets . . . . . . . . . . . . . . . . . . . . $630.9 $974.7 $1,810.9 $(1,603.3) $1,813.2
LIABILITIES AND EQUITY
Accounts payable and other current
liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . $ 0.2 $ 19.5 $ 193.0 $
(1.5) $ 211.2
Advances payable — consolidated
subsidiaries . . . . . . . . . . . . . . . . . . . . . . . . — —
868.1
(868.1) —
Long-term debt . . . . . . . . . . . . . . . . . . . . . . . — 647.8 —
—
647.8
Other long-term liabilities . . . . . . . . . . . . . . . —
9.9
93.5
—
103.4
Total liabilities . . . . . . . . . . . . . . . . .
0.2 677.2
1,154.6
(869.6)
962.4
Commitments and contingent liabilities
Equity:
Partners’ equity
Predecessor equity . . . . . . . . . . . . . . . . . . — —
112.6
—
112.6
Net equity . . . . . . . . . . . . . . . . . . . . . . . . . 630.7 324.9
323.9
(733.7)
545.8
Accumulated other comprehensive
loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . —
(27.4)
(0.3) —
(27.7)
Total partners’ equity . . . . . . . . . . . . . . . . . . 630.7 297.5
436.2
(733.7)
630.7
Noncontrolling interests . . . . . . . . . . . . . . . . — —
220.1
—
220.1
Total equity . . . . . . . . . . . . . . . . . . . . . . 630.7 297.5
656.3
(733.7)
850.8
Total liabilities and equity . . . . . . . . $630.9 $974.7 $1,810.9 $(1,603.3) $1,813.2
(a) The financial information as of December 31, 2010 includes the results of Southeast Texas, a transfer of
net assets between entities under common control that was accounted for as if the transfer occurred at the
beginning of the period, and prior years were retrospectively adjusted to furnish comparative information
similar to the pooling method.
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