ETP RETAIL HOLDINGS, LLC
CONSOLIDATED STATEMENTS OF OPERATIONS
(Dollars in millions)
(unaudited)
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Three Months Ended March 31, |
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2016 |
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2015 |
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| Revenues: |
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| Sales and other operating revenue |
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$ |
— |
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$ |
1,960 |
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| Sales to affiliates |
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— |
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424 |
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| Other |
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— |
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10 |
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| Total revenues |
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— |
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2,394 |
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| Costs and expenses: |
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| Cost of products sold |
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— |
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1,636 |
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| Purchases from affiliates |
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— |
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685 |
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| Operating expenses |
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— |
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20 |
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| Selling, general and administrative |
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— |
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17 |
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| Depreciation and amortization |
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— |
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13 |
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| Total costs and expenses |
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— |
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2,371 |
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| Operating income |
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— |
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23 |
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| Other income: |
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| Interest expense |
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— |
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— |
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| Income from unconsolidated affiliates |
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21 |
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14 |
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| Other, net |
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— |
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1 |
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| Income before income tax expense |
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21 |
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38 |
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| Income tax expense |
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— |
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3 |
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| Net income |
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$ |
21 |
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$ |
35 |
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The accompanying notes are an integral part of these consolidated financial statements.
F-3
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