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SEC Filings
S-4/A
SUSSER HOLDINGS CORP filed this Form S-4/A on 08/16/2016
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Table of Contents
Index to Financial Statements

ETP RETAIL HOLDINGS, LLC

NOTES TO CONSOLIDATED AND COMBINED FINANCIAL STATEMENTS (Continued)

(Dollars in millions)

 

6. Property, Plant and Equipment:

Property, plant and equipment consisted of the following:

 

     December 31,
2015
     December 31,
2014
 

Land

   $ —         $ 198   

Buildings and improvements (useful lives of 2 - 45 years)

     —           148   

Equipment (useful lives of 2 - 20 years)

     —           59   

Construction work-in-process

     —           36   
  

 

 

    

 

 

 
     —           441   

Less—Accumulated depreciation

     —           (46
  

 

 

    

 

 

 

Property, plant and equipment, net

   $ —         $ 395   
  

 

 

    

 

 

 

Total depreciation expense on property, plant and equipment included in depreciation and amortization consisted of the following:

 

     Years Ended December 31,  
     2015      2014      2013  

Reported in depreciation and amortization

   $ 6       $ 43       $ 29   
  

 

 

    

 

 

    

 

 

 

7. Intangible Assets, Net:

The Company has finite-lived intangible assets that are amortized over the respective lives of the agreement or over the period of time the assets are expected to contribute directly or indirectly to the Company’s future cash flows. Intangible assets consisted of the following:

 

     December 31, 2015      December 31, 2014  
     Gross Carrying
Amount
     Accumulated
Amortization
     Gross Carrying
Amount
     Accumulated
Amortization
 

Amortizable intangible assets:

           

Customer relationships, contracts and agreements (5 to 11 years)

   $ —         $ —         $ 257       $ (71
  

 

 

    

 

 

    

 

 

    

 

 

 

Total amortizable intangible assets

   $ —         $ —         $ 257       $ (71
  

 

 

    

 

 

    

 

 

    

 

 

 

Total intangible assets

   $ —         $ —         $ 257       $ (71
  

 

 

    

 

 

    

 

 

    

 

 

 

Total amortization expense on finite-lived intangibles included in depreciation and amortization consisted of the following:

 

     Years Ended December 31,  
     2015      2014      2013  

Reported in depreciation and amortization

   $ 7       $ 31       $ 25   
  

 

 

    

 

 

    

 

 

 

 

F-15

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