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SEC Filings
10-Q
SOUTHERN UNION CO filed this Form 10-Q on 08/08/2013
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SOUTHERN UNION COMPANY AND SUBSIDIARIES
CONSENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
(Dollars in millions)
(unaudited)
 
 
Three Months Ended
June 30, 2013
 
Three Months Ended
June 30, 2012
Net income
 
$
40

 
$
12

Other comprehensive income, net of tax:
 
 
 
 
Change in fair value of commodity hedges
 
(3
)
 
6

Reclassification of unrealized gain on commodity hedges into earnings
 

 
(3
)
Actuarial gain relating to pension and other postretirement benefits
 
2

 


 
(1
)
 
3

Comprehensive income
 
$
39

 
$
15


 
 
Successor
 
 
Predecessor
 
 
Six Months Ended
June 30, 2013
 
Period from Acquisition (March 26, 2012) to June 30, 2012
 
 
Period from January 1, 2012 to March 25, 2012
Net income (loss)
 
$
76

 
$
(27
)
 
 
$
50

Other comprehensive income, net of tax:
 
 
 
 

 
 
 

Change in fair value of interest rate hedges
 

 

 
 
4

Reclassification of unrealized loss on interest rate hedges into earnings
 

 

 
 
5

Change in fair value of commodity hedges
 
(3
)
 
7

 
 
3

Reclassification of unrealized gain on commodity hedges into earnings
 

 
(3
)
 
 
(1
)
Actuarial gain relating to pension and other postretirement benefits
 
2

 

 
 
1


 
(1
)
 
4

 
 
12

Comprehensive income (loss)
 
$
75

 
$
(23
)
 
 
$
62


















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

5

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