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SEC Filings
10-Q
SOUTHERN UNION CO filed this Form 10-Q on 05/09/2013
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SOUTHERN UNION COMPANY AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Dollars in millions)
(unaudited)

 
 
Successor
 
 
Predecessor
 
 
Three Months Ended
March 31, 2013
 
Period from Acquisition (March 26, 2012) to March 31, 2012
 
 
Period from January 1, 2012 to March 25, 2012
OPERATING REVENUES
 
$
393

 
$
31

 
 
$
443

OPERATING EXPENSES:
 


 
 

 
 
 

Cost of natural gas and other energy
 
159

 
14

 
 
197

Operating, maintenance and general
 
120

 
61

 
 
116

Depreciation and amortization
 
59

 
4

 
 
49

Total operating expenses
 
338

 
79

 
 
362

OPERATING INCOME (LOSS)
 
55

 
(48
)
 
 
81

OTHER INCOME (EXPENSE):
 
 
 
 

 
 
 

Interest expense, net of interest capitalized
 
(33
)
 
(4
)
 
 
(50
)
Earnings from unconsolidated investments
 
1

 

 
 
16

Other, net
 
1

 

 
 
(2
)
Total other expenses, net
 
(31
)
 
(4
)
 
 
(36
)
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAX EXPENSE
 
24

 
(52
)
 
 
45

Income tax expense (benefit) from continuing operations
 
10

 
(12
)
 
 
12

INCOME (LOSS) FROM CONTINUING OPERATIONS
 
14

 
(40
)
 
 
33

Income from discontinued operations
 
22

 
1

 
 
17

NET INCOME (LOSS)
 
$
36

 
$
(39
)
 
 
$
50












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

3

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