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SEC Filings
10-Q
PANHANDLE EASTERN PIPE LINE CO LP filed this Form 10-Q on 11/08/2017
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PANHANDLE EASTERN PIPE LINE COMPANY, LP
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME
(Dollars in millions)
(unaudited)
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
2017
 
2016
 
2017
 
2016
OPERATING REVENUES:
 
 
 
 
 
 
 
Transportation and storage of natural gas
$
104

 
$
115

 
$
327

 
$
370

Other
6

 
5

 
15

 
15

Total operating revenues
110

 
120

 
342

 
385

OPERATING EXPENSES:
 
 
 
 
 
 
 
Cost of natural gas and other energy

 

 
2

 
2

Operating and maintenance
52

 
53

 
149

 
155

General and administrative
10

 
11

 
27

 
29

Depreciation and amortization
32

 
33

 
95

 
98

Total operating expenses
94

 
97

 
273

 
284

OPERATING INCOME
16

 
23

 
69

 
101

OTHER INCOME (EXPENSE):
 
 
 
 
 
 
 
Interest expense, net
(11
)
 
(12
)
 
(34
)
 
(37
)
Interest income — affiliates
1

 
9

 
9

 
23

Other, net

 

 
1

 

INCOME BEFORE INCOME TAX EXPENSE
6

 
20

 
45

 
87

Income tax expense
2

 
7

 
19

 
28

NET INCOME
$
4

 
$
13

 
$
26

 
$
59

 
 
 
 
 
 
 
 
OTHER COMPREHENSIVE INCOME, NET OF TAX
 
 
 
 
 
 
 
Actuarial gain relating to postretirement benefit plans
5

 

 
5

 

 


 


 


 


COMPREHENSIVE INCOME
$
9

 
$
13

 
$
31

 
$
59










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

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