DCP SOUTHEAST TEXAS HOLDINGS, GP
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
Years Ended December 31, 2011, 2010 and 2009
The following table summarizes the impact on our consolidated balance sheet and consolidated statements
of operations of our derivative instruments that are accounted for using the cash flow hedge method of
accounting.
Loss
Recognized in
AOCI on
Derivatives —
Effective Portion
Gain (Loss)
Recognized in Income
on Derivatives —
Ineffective Portion and
Amount
Excluded from
Effectiveness Testing (a)
Deferred
Losses in
AOCI
Expected to be
Reclassified
into Earnings
Over the Next
12 Months
2011 2010
2011
2010
(Millions)
(Millions)
(Millions)
Commodity derivatives . . . . . . . . . . . . . . . . . . . . . . . . . . . $(2.6) $— $—
$—
$—
(a) For the years ended December 31, 2011 and 2010, no derivative gains or losses were reclassified from
AOCI to current period earnings as a result of the discontinuance of cash flow hedges related to certain
forecasted transactions that are not probable of occurring.
Changes in value of derivative instruments, for which the hedge method of accounting has not been elected
from one period to the next, are recorded in the consolidated statements of operations. The following
summarizes these amounts and the location within the consolidated statements of operations that such amounts
are reflected:
Year Ended December 31,
Commodity Derivatives: Statements of Operations Line Item
2011 2010 2009
(Millions)
Third party:
Realized (losses) gains . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $(2.9) $18.8 $ 9.5
Unrealized gains (losses) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.0
(6.3) (0.6)
(Losses) gains from commodity derivative activity, net . . . . . . . . . . . . . . . . . . . . . . . $(0.9) $12.5 $ 8.9
Affiliates:
Realized gains (losses) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 2.9 $ (0.5) $ 0.2
Unrealized (losses) gains . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (2.0) (0.6) 0.4
Gains (losses) from commodity derivative activity, net — affiliates . . . . . . . . . . . . . $ 0.9 $ (1.1) $ 0.6
We do not have any derivative financial instruments that qualify as a hedge of a net investment.
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