DCP SOUTHEAST TEXAS HOLDINGS, GP
CONSOLIDATED STATEMENTS OF OPERATIONS
Year Ended December 31,
2011
2010
2009
(Millions)
Operating revenues:
Sales of natural gas, NGLs and condensate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $247.1 $416.8 $274.4
Sales of natural gas, NGLs and condensate to affiliates . . . . . . . . . . . . . . . . . . . . . 518.1 395.7 241.9
Transportation, processing and other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.0 13.2 9.7
Transportation, processing and other to affiliates . . . . . . . . . . . . . . . . . . . . . . . . . . — 1.8 —
(Losses) gains from commodity derivative activity, net . . . . . . . . . . . . . . . . . . . . .
(0.9) 12.5 8.9
Gains (losses) from commodity derivative activity, net — affiliates . . . . . . . . . . . 0.9
(1.1) 0.6
Total operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 774.2 838.9 535.5
Operating costs and expenses:
Purchases of natural gas and NGLs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 702.8 749.7 471.5
Purchases of natural gas and NGLs from affiliates . . . . . . . . . . . . . . . . . . . . . . . . . 0.4 0.8 0.6
Operating and maintenance expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20.3 18.5 14.5
Depreciation and amortization expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19.6 14.4 12.0
General and administrative expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.0 — —
General and administrative expense — affiliates . . . . . . . . . . . . . . . . . . . . . . . . . . 10.0 12.1 10.8
Other income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . —
(1.0) —
Loss on sale of assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — 0.5
Total operating costs and expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 754.1 794.5 509.9
Operating income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20.1 44.4 25.6
Income tax benefit (expense) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.1
(1.2)
(0.4)
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 20.2 $ 43.2 $ 25.2
See accompanying notes to consolidated financial statements.
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