Print Page | Close Window
SEC Filings
10-Q
PANHANDLE EASTERN PIPE LINE CO LP filed this Form 10-Q on 05/06/2016
Entire Document
 << Previous Page | Next Page >>

PANHANDLE EASTERN PIPE LINE COMPANY, LP
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME
(Dollars in millions)
(unaudited)
 
Three Months Ended
March 31,
 
2016
 
2015
OPERATING REVENUES:
 
 
 
Transportation and storage of natural gas
$
136

 
$
149

Other
5

 
6

Total operating revenues
141

 
155

OPERATING EXPENSES:
 
 
 
Cost of natural gas and other energy
1

 
2

Operating and maintenance
50

 
53

General and administrative
10

 
12

Depreciation and amortization
32

 
35

Total operating expenses
93

 
102

OPERATING INCOME
48

 
53

OTHER INCOME (EXPENSE):
 
 
 
Interest expense, net
(13
)
 
(13
)
Equity in earnings of unconsolidated affiliates

 
4

Interest income — affiliates
16

 

Other, net
1

 
(1
)
Total other income (expense), net
4

 
(10
)
INCOME BEFORE INCOME TAX EXPENSE
52

 
43

Income tax expense
16

 
12

NET INCOME
$
36

 
$
31

 
 
 
 
COMPREHENSIVE INCOME
$
36

 
$
31










The accompanying notes are an integral part of these consolidated financial statements.
3

 << Previous Page | Next Page >>