ENBRIDGE ENERGY PARTNERS LP EEP Income Statement

Enbridge energy partners lp (EEP)

Income statement / Quarterly

Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Operating revenues:
Commodity sales
-	-	-	-	-	-	-	-	-	-	383,000	-	609,900	731,100	822,700	1,405,000	1,347,000	1,342,400	1,599,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transportation and other services
-	-	-	-	-	-	-	-	634,600	621,300	678,600	-	657,800	582,000	605,900	666,700	595,300	528,700	480,100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating revenue (Note 10)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,724,000	1,603,900	1,628,300	-	1,481,700	-	-	-	-	-	-	-	-	-	-	-	-
Operating revenue - affiliate (Note 8)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	65,400	68,800	64,700	-	82,600	-	-	-	-	-	-	-	-	-	-	-	-
Revenues
560,000	537,000	592,000	611,000	616,000	596,000	605,000	198,500	634,600	621,300	1,061,600	-1,706,400	1,267,700	1,313,100	1,428,600	2,071,700	1,942,300	1,871,100	2,079,600	1,962,000	1,789,400	1,672,700	1,693,000	1,771,200	1,564,300	1,551,100	1,819,500	-	2,372,200	2,372,000	-	2,168,200	1,889,300	1,747,400	1,931,200	1,363,700	1,299,300
Operating expenses:
Commodity costs (Note 14)
-	-	-	-	-	-	-	-	-	-	348,000	-	522,700	670,600	779,100	1,159,200	1,238,200	1,259,800	1,488,700	1,384,500	1,257,500	1,115,500	1,191,400	1,249,400	1,048,600	975,200	1,296,900	-	1,805,400	1,861,300	-	1,713,100	1,455,600	1,270,400	1,524,200	943,200	893,200
Environmental costs, net of recoveries
4,000	-23,000	-	-	1,000	4,000	-	-	-8,700	100	16,900	-	1,100	-800	800	4,000	50,100	38,200	5,000	89,400	600	5,200	178,500	-	134,900	22,700	3,200	-	56,100	23,300	-	118,700	477,600	-100	4,600	-	-
Oil Measurement Adjustment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,800	-54,100	-	-	-200	1,100	-	-	-
Operating and administrative
-	-	-	-	-	-	-	-	152,000	134,100	215,000	-	280,600	207,200	217,100	257,500	235,300	224,600	217,000	240,400	265,100	218,000	194,900	222,100	215,300	206,200	196,900	-	181,300	167,600	-	167,500	142,300	135,300	131,400	133,600	132,900
Power
83,000	75,000	77,000	69,000	81,000	66,000	74,000	70,200	74,300	59,700	72,800	67,600	71,600	57,200	63,600	62,500	59,500	54,200	50,400	41,900	43,000	29,200	33,600	32,200	38,000	37,400	41,200	-	37,700	33,900	-	35,600	36,700	36,500	32,300	33,700	29,800
Depreciation and amortization
111,000	109,000	110,000	113,000	112,000	108,000	109,000	71,800	109,400	104,900	140,900	-16,800	136,900	129,500	128,400	122,200	118,800	113,400	103,800	100,400	99,600	95,800	92,200	88,300	86,800	86,100	83,600	-	78,900	89,600	-	86,000	79,700	77,600	67,900	65,200	66,100
Asset impairment
-	-	-	-	-	-	-	-	-	-	-	-	0	12,300	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Goodwill impairment (Note 15)
-	-	-	-	-	-	-	-	-	-	-	-	0	246,700	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of long-lived asset (Note 6)
1,000	1,000	35,000	-	0	0	0	-	756,700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,300	-	-	-	-
Gain on sale of assets (Note 6)
22,000	0	0	6,000	6,000	51,000	11,000	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating expenses
303,000	297,000	355,000	336,000	350,000	285,000	336,000	-141,100	1,083,700	298,800	793,600	-2,185,600	1,012,900	1,322,700	1,189,000	1,621,000	1,701,900	1,690,200	1,864,900	1,856,600	1,665,800	1,463,700	1,690,600	1,609,700	1,253,800	1,327,600	1,621,800	-	2,156,600	2,121,600	-	2,125,600	2,202,000	1,520,800	1,760,400	1,175,700	1,122,000
Operating income
257,000	240,000	237,000	275,000	266,000	311,000	269,000	339,600	-449,100	322,500	268,000	479,200	254,800	-9,600	239,600	450,700	240,400	180,900	214,700	105,400	123,600	209,000	2,400	161,500	310,500	223,500	197,700	-	215,600	250,400	-	42,600	-312,700	226,600	170,800	188,000	177,300
Interest expense, net
102,000	101,000	104,000	219,000	104,000	103,000	99,000	103,400	103,400	93,300	112,900	77,500	88,200	78,000	48,300	109,000	137,100	80,200	76,900	94,000	70,500	79,500	76,400	96,200	83,400	81,800	83,600	-	78,700	78,500	-	75,800	70,100	69,600	59,300	60,700	57,900
Allowance for equity used during construction
16,000	16,000	16,000	14,000	12,000	11,000	10,000	10,400	10,000	13,300	12,300	16,000	13,700	17,300	23,000	9,400	14,500	12,600	20,700	17,900	9,300	8,100	7,800	-	5,600	0	-	-	-	-	-	-	-	-	-	-	-
Income from equity investment in joint venture (Note 7)
37,000	33,000	23,000	-	22,000	6,000	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income (expense)
0	-1,000	-	-	0	5,000	-	-7,300	600	200	7,500	-20,700	8,800	6,000	5,900	6,700	1,800	1,200	-800	15,000	400	300	300	0	-900	-300	0	-	0	0	-	1,400	-600	-100	16,800	2,800	200
Income from continuing operations before income taxes
208,000	187,000	172,000	94,000	196,000	230,000	180,000	239,300	-541,900	242,700	174,900	397,000	189,100	-64,300	220,200	357,800	119,600	114,500	157,700	44,300	62,800	137,900	-65,900	70,900	231,800	141,400	114,100	-	136,900	171,900	-	-31,800	-383,400	156,900	128,300	130,100	119,600
Income tax benefit (expense)
1,000	0	0	-7,000	0	-2,000	1,000	-7,100	1,600	2,000	2,500	-200	4,600	-3,800	2,400	3,500	2,100	2,000	2,000	1,200	1,500	14,200	1,800	1,700	2,600	1,700	2,100	200	2,100	900	2,300	400	2,900	2,400	2,200	2,700	2,100
Income from continuing operations
207,000	187,000	172,000	101,000	196,000	232,000	179,000	-	-543,500	240,700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	127,400	117,500
Loss from discontinued operations, net of taxes (Note 6)
0	0	0	0	0	-35,000	-22,000	-	-31,100	-63,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-67,900	-
Net income
207,000	187,000	172,000	101,000	196,000	197,000	157,000	183,500	-574,600	177,700	172,400	112,200	184,500	-60,500	217,800	354,300	117,500	112,500	155,700	43,100	61,300	123,700	-67,700	69,200	229,200	139,700	112,000	239,600	134,800	171,000	131,800	-32,200	-386,300	154,500	126,100	59,500	117,500
Noncontrolling interests (Note 10)
103,000	92,000	98,000	107,000	103,000	91,000	68,000	78,800	-191,900	70,300	68,800	81,900	77,800	10,000	51,300	113,900	70,700	42,400	36,300	34,000	20,300	18,400	15,600	14,900	14,000	15,100	13,000	12,200	12,200	14,100	14,700	15,300	20,100	14,500	10,700	2,300	-
Series 1 Preferred unit distributions
0	0	0	0	0	6,000	23,000	22,500	22,500	22,500	22,500	22,500	22,500	22,500	22,500	22,500	22,500	22,500	22,500	22,400	22,700	13,100	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Accretion of discount on Series 1 Preferred units
0	0	0	0	0	7,000	1,000	1,500	1,200	1,200	1,100	900	2,100	4,100	3,900	3,800	3,800	3,700	3,600	3,500	3,400	2,300	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Net income - controlling interests
104,000	95,000	74,000	-6,000	93,000	93,000	65,000	80,700	-406,400	83,700	80,000	6,900	82,100	-97,100	140,100	214,100	20,500	43,900	93,300	-16,800	14,900	89,900	-83,300	54,300	215,200	124,600	99,000	227,400	122,600	156,900	117,100	-47,500	-406,400	140,000	115,400	57,200	117,500
Net income allocable to common units and i-units:
Income from continuing operations
92,000	83,000	62,000	-18,000	82,000	105,000	68,000	-	-432,700	73,700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from discontinued operations (Note 4)
0	0	0	1,000	0	-24,000	-14,000	-	-19,900	-46,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income allocable to common units and i-units
92,000	83,000	62,000	-17,000	82,000	81,000	54,000	23,800	-452,600	27,700	24,100	-47,600	26,100	-149,400	85,900	169,000	-14,500	5,000	58,900	-48,900	-17,600	56,700	-112,900	31,100	172,700	93,700	71,700	-	95,900	130,300	-	-64,400	-415,200	120,300	99,200	43,600	102,900
Net income per common unit and i-unit (basic and diluted):
Income from continuing operations (in dollars per share)
0.21	0.19	0.15	-0.05	0.19	0.27	0.19	-	-1.25	0.21	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from discontinued operations (in dollars per share)
0.00	0.00	0.00	0.00	0.00	-0.06	-0.04	-	-0.06	-0.13	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income per common unit and i-unit (in dollars per share)
0.21	0.19	0.15	-0.05	0.19	0.21	0.15	-	-1.31	0.08	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income per common unit and i-unit (basic and diluted) (Note 3)
-	-	-	-	-	-	-	-	-	-	0.07	-	0.07	-0.44	0.26	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Weighted average common units and i-units outstanding (basic and diluted) (in shares)
431,000	428,000	425,000	426,000	421,000	400,000	353,000	351,100	349,100	347,100	344,700	342,400	341,100	339,900	332,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions paid per limited partner unit (in dollars per share)
0.35	0.35	0.35	-	0.35	0.35	0.58	-	0.58	0.58	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss) per common unit and i-unit (basic) (Note 2) (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.04	0.02	0.18	-	-0.05	0.18	-0.36	-	0.60	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss) per limited partner unit (basic)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-
Net income (loss) per limited partner unit (diluted)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-
Net income (loss) per limited partner unit (basic and diluted)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.25	-	-	-	-	-0.28	-1.74	0.51	0.42	-	-
Weighted average common units and i-units outstanding (basic) (in shares)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	328,800	327,600	326,400	-	317,400	314,800	307,200	303,000	289,300	285,400	284,700	276,600	264,600	255,200	252,800	246,000	238,100	236,500	235,800	117,000	116,100
Net income (loss) per common unit and i-unit (diluted) (Note 2) (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.04	0.02	0.18	-	-0.05	0.18	-0.36	-	0.60	-	-	-	-	-	-	-	-	-	-	-	-
Weighted average common units and i-units outstanding (diluted) (in shares)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	328,800	327,600	326,400	-	317,400	314,800	307,200	-	289,300	285,400	-	-	-	-	-	-	-	-	-	-	-