Page 170 - DCP AR2011 Dev

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DCP MIDSTREAM PARTNERS, LP
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Years Ended December 31, 2011, 2010 and 2009 — (Continued)
Condensed Consolidating Statements of Operations
Year Ended December 31, 2011
Parent
Guarantor
Subsidiary
Issuer
Non-
Guarantor
Subsidiaries
Consolidating
Adjustments Consolidated
(Millions)
Operating revenues:
Sales of natural gas, propane, NGLs and
condensate . . . . . . . . . . . . . . . . . . . . . . . . . $ — $ — $1,413.3 $ — $1,413.3
Transportation, processing and other . . . . . . . — —
163.2 —
163.2
Losses from commodity derivative activity,
net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — —
(6.7) —
(6.7)
Total operating revenues . . . . . . . . . . . . . . — — 1,569.8 —
1,569.8
Operating costs and expenses:
Purchases of natural gas, propane and
NGLs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — 1,229.8 —
1,229.8
Operating and maintenance expense . . . . . . . — —
105.4 —
105.4
Depreciation and amortization expense . . . . . — —
81.0 —
81.0
General and administrative expense . . . . . . . — —
37.3 —
37.3
Other, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . — —
(0.5) —
(0.5)
Total operating costs and expenses . . . . . . — — 1,453.0 —
1,453.0
Operating income . . . . . . . . . . . . . . . . . . . . . . . . — —
116.8 —
116.8
Interest expense, net . . . . . . . . . . . . . . . . . . . . . . —
(33.5)
(0.4) —
(33.9)
Earnings from unconsolidated affiliates . . . . . . — —
36.9 —
36.9
Earnings (losses) from consolidated
subsidiaries . . . . . . . . . . . . . . . . . . . . . . . . . . 100.4 133.9 —
(234.3) —
Income (loss) before income taxes . . . . . . . . . . 100.4 100.4
153.3
(234.3)
119.8
Income tax expense . . . . . . . . . . . . . . . . . . . . . . — —
(0.6) —
(0.6)
Net income (loss) . . . . . . . . . . . . . . . . . . . . . . . . 100.4 100.4
152.7
(234.3)
119.2
Net income attributable to noncontrolling
interests . . . . . . . . . . . . . . . . . . . . . . . . . . . — —
(18.8) —
(18.8)
Net income (loss) attributable to partners . . . . . $100.4 $100.4 $ 133.9 $(234.3) $ 100.4
157