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SEC Filings
10-Q
PANHANDLE EASTERN PIPE LINE CO LP filed this Form 10-Q on 05/10/2018
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PANHANDLE EASTERN PIPE LINE COMPANY, LP
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME
(Dollars in millions)
(unaudited)
 
Three Months Ended
March 31,
 
2018
 
2017
OPERATING REVENUES:
 
 
 
Transportation and storage of natural gas
$
142

 
$
123

Other
7

 
5

Total operating revenues
149

 
128

OPERATING EXPENSES:
 
 
 
Cost of natural gas and other energy
1

 
1

Operating and maintenance
47

 
51

General and administrative
9

 
10

Depreciation and amortization
30

 
31

Total operating expenses
87

 
93

OPERATING INCOME
62

 
35

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

 
4

Other, net
1

 
(1
)
INCOME BEFORE INCOME TAX EXPENSE
52

 
26

Income tax expense
18

 
12

NET INCOME
34

 
14

 
 
 
 
OTHER COMPREHENSIVE LOSS, NET OF TAX
 
 
 
Actuarial loss relating to postretirement benefit plans
(1
)
 

 


 


COMPREHENSIVE INCOME
$
33

 
$
14










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

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