Subscribe for email updates on new posts

Analyzing Cash Flows of Master Limited Partnerships

Stock Quotes

BPL83.91  chart+0.52
BWP19.44  chart-0.21
EPB35.91  chart-0.11
EPD78.89  chart-0.11
ETP59.04  chart-0.20
KMP84.36  chart+0.05
MMP84.69  chart+0.08
NGLS68.08  chart-0.56
CEQP15.31  chart+0.04
RGP31.66  chart-0.17
PAA59.40  chart-0.21
SPH45.06  chart+0.06
WPZ53.04  chart+0.04
NLY11.33  chart+0.04
AGNC23.58  chart+0.13
2014-07-25 16:00

ETP: Energy Transfer Partners, L.P. - Quarterly DCF Data (as of 4Q11)

A breakdown by quarter of the numbers in the report titled “ETP: A Closer Look at Energy Transfer Partners’ 2011 Distributable Cash Flow” is presented below:

 
3M
3M
3M
3M
3M
3M
3M
3M
12/31/119/30/116/30/113/31/1112/31/109/30/106/30/103/31/10
Net cash provided by operating activities314.2390.8348.9290.699.4218.9383.2500.8
Less: Maintenance capital expenditures(53.6)(31.4)(29.5)(19.6)(29.0)(26.4)(24.2)(19.6)
Less: Working capital (generated)-(187.5)(79.4)--(12.6)(176.2)(155.8)
Less: net income attributable to GP
Less: Net income attributable to noncontrolling interests(10.5)(9.3)(8.4)-----
Sustainable DCF250.0162.6231.6271.070.4179.8182.8325.3
Add: Net income attributable to noncontrolling interests10.59.38.4-----
Working capital used29.4--71.8219.4---
Risk management activities25.375.0(2.7)(8.9)(9.0)(19.8)16.759.3
Proceeds from sale of assets / disposal of liabilities(3.2)1.02.3-(0.2)(0.3)0.5-
Other(1.6)18.3(16.3)3.23.80.80.00.0
DCF as reported310.4266.1223.3337.1284.4160.5200.0384.6

 

Figures in $ Millions

 
3M
3M
3M
3M
3M
3M
3M
3M
12/31/20119/30/20116/30/20113/31/201112/31/20109/30/20106/30/20103/31/2010
Distributions to unitholders ($ Millions)295.9294.9294.4274.2271.2256.2270.7267.9
Coverage ratio based on reported DCF1.050.900.761.231.050.630.741.44
Coverage ratio based on sustainable DCF0.840.550.790.990.260.700.681.21

 

 
3M
3M
3M
3M
3M
3M
3M
3M
12/31/20119/30/20116/30/20113/31/201112/31/20109/30/20106/30/20103/31/2010
Net cash from operations, less maintenance capex, less net income from non-controlling interests, less distributions(35.4)--(3.3)(200.8)(63.7)--
Capital expenditures ex maintenance, net of proceeds from sale of PP&E(411.5)(297.7)(381.5)(191.3)(284.8)(402.0)(464.6)(100.1)
Acquisitions, investments (net of sale proceeds)3.8(19.2) (1,943.3)(2.4)(7.4)1.64.3(148.5)
Cash contributions/distributions related to affiliates & noncontrolling interests-(177.2)-(11.1)(0.7)(0.5)(5.5)(0.1)
Debt incurred (repaid)(261.52)----(53.17)-(164.03)
Other CF from investing activities, net--------
Other CF from financing activities, net(7.6)(0.0)(12.3)---(23.3)-
(712.3)(494.1) (2,337.0)(208.0)(493.8)(517.7)(489.1)(412.7)
Net cash from operations, less maintenance capex, less net income from non-controlling interests, less distributions-64.525.0---88.3213.2
Cash contributions/distributions related to affiliates & noncontrolling interests8.3-580.1-----
Debt incurred (repaid)-401.4 1,078.7 158.5390.5-19.5-
Partnership units issued667.729.1712.857.465.2512.570.0513.4
Other CF from investing activities, net6.94.511.22.81.74.15.82.2
Other CF from financing activities, net----8.2---
682.9499.5 2,407.8 218.6465.6516.6183.6728.8
Net change in cash(29.4)5.370.810.6(28.2)(1.1)(305.5)316.1

 

Figures in $ Millions

 

Leave a Reply

  

  

  

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>