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, 2009
Parent
Guarantor
Subsidiary
Issuer
Non-Guarantor
Subsidiaries
Consolidating
Adjustments Consolidated
(Millions)
Operating revenues:
Sales of natural gas, propane, NGLs and
condensate . . . . . . . . . . . . . . . . . . . . . . . $ — $ —
$913.0
$ —
$913.0
Transportation, processing and other . . . . — —
95.2 —
95.2
Losses from commodity derivative
activity, net . . . . . . . . . . . . . . . . . . . . . . — —
(65.8) —
(65.8)
Total operating revenues . . . . . . . . . . . . — —
942.4 —
942.4
Operating costs and expenses:
Purchases of natural gas, propane and
NGLs . . . . . . . . . . . . . . . . . . . . . . . . . . . — —
776.2 —
776.2
Operating and maintenance expense . . . . . — —
69.7 —
69.7
Depreciation and amortization expense . . — —
64.9 —
64.9
General and administrative expense . . . . . —
0.1
32.2 —
32.3
Total operating costs and expenses . . . . —
0.1
943.0 —
943.1
Operating loss . . . . . . . . . . . . . . . . . . . . . . . . —
(0.1)
(0.6) —
(0.7)
Interest expense, net . . . . . . . . . . . . . . . . . . . —
(27.8)
(0.2) —
(28.0)
Earnings from unconsolidated affiliates . . . . — —
26.9 —
26.9
(Losses) Earnings from consolidated
subsidiaries . . . . . . . . . . . . . . . . . . . . . . . .
(10.7)
17.2 —
(6.5) —
(Loss) income before income taxes . . . . . . .
(10.7)
(10.7)
26.1
(6.5)
(1.8)
Income tax expense . . . . . . . . . . . . . . . . . . . . — —
(0.6) —
(0.6)
Net (loss) income . . . . . . . . . . . . . . . . . . . . .
(10.7)
(10.7)
25.5
(6.5)
(2.4)
Net income attributable to noncontrolling
interests . . . . . . . . . . . . . . . . . . . . . . . . . — —
(8.3) —
(8.3)
Net (loss) income attributable to partners . . . $(10.7) $(10.7)
$ 17.2
$(6.5)
$ (10.7)
159