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KINDER MORGAN ENERGY PARTNERS L P (KMP)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-13Dec-31-12Dec-31-11Dec-31-10Dec-31-09Dec-31-08Dec-31-07Dec-31-06
   10-K10-K10-K10-K10-K10-K/A10-K10-K
Revenues          
Natural gas sales     3,571.03,137.27,705.25,834.7 
Services  5,239.04,135.03,050.02,837.02,739.12,770.32,449.22,177.6
    Total Revenues  12,530.09,035.07,889.07,739.07,003.411,740.39,217.79,048.7
            Total Revenues growth  38.7%14.5%1.9%10.5%-40.3%27.4%1.9%-7.2%
Operating Costs, Expenses and Other          
Operations and maintenance  1,921.01,605.01,490.01,366.01,136.21,282.81,262.1777.0
Depreciation, depletion and amortization  1,446.01,159.0928.0879.0850.8702.7540.0 
General and administrative  560.0547.0473.0375.0330.3297.9278.7238.4
Taxes, other than income taxes  296.0239.0174.0160.0137.0186.7153.8 
Other expense (income), net      -34.82.6-11.5-31.2
    Operating Income  3,229.02,484.01,557.01,460.01,515.11,551.5807.71,291.6
            Operating margin  25.8%27.5%19.7%18.9%21.6%13.2%8.8%14.3%
   
Other Income (Expense)          
Earnings from equity investments  297.0295.0224.0136.0189.7160.8-69.7-74.0
Amortization of excess cost of equity investments  -10.0-7.0-7.0-6.0-5.8-5.7-5.8 
Interest, net  387.084.033.040.045.020.0-391.4-337.8
Other, net  42.020.018.024.049.519.214.212.0
    Total Other Income (Expense)  256.0-375.0-445.0-334.0-175.6-213.9-313.3 
Income Tax Expense  164.039.045.034.055.7-20.4-71.0-29.0
Income from Continuing Operations  3,321.02,070.01,067.01,092.01,283.81,337.6494.4 
Net Income  6,638.03,471.01,268.01,327.01,283.82,656.1597.3 
Net Income Attributable to Noncontrolling Interests  -36.0-18.0-10.0-11.0 -13.7-7.0-15.4
    Net Income Attributable to KMEP  3,281.01,383.01,258.01,316.01,267.51,304.8590.32.2
   
Calculation of Limited Partners’ Interest in Net Income Attributable to KMEP:          
Income from Continuing Operations attributable to KMEP          
Less: Pre-acquisition income from operations of March 2013 drop-down asset group allocated to General Partner          
Add: Drop-down asset groups' severance expense allocated to General Partner          
Less: General Partner’s remaining interest          
    Limited Partners’ Interest          
Limited Partners’ Net Income per Unit:          
Income from Continuing Operations  0.00.00.00.0 0.0 0.0
   
    Net Income  $3.76($0.22)$0.25$1.40    

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