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SEC Filings
8-K
SOUTHERN UNION CO filed this Form 8-K on 11/05/2013
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Investment in Sunoco Logistics
 
Three Months Ended September 30,
 
2013
 
2012
Revenue
$
4,528

 
$

Cost of products sold
4,287

 

Gross margin
241

 

Unrealized gains on commodity risk management activities
(8
)
 

Operating expenses, excluding non-cash compensation expense
(36
)
 

Selling, general and administrative expenses, excluding non-cash compensation expense
(29
)
 

Adjusted EBITDA related to unconsolidated affiliates
13

 

Segment Adjusted EBITDA
$
181

 
$

 
 
 
 
Distributions from unconsolidated affiliates
$
3

 
$

We obtained control of Sunoco Logistics Partners L.P. on October 5, 2012 in connection with our acquisition of Sunoco, Inc.; therefore, no comparative results were reflected in our financial statements.
Retail Marketing
 
Three Months Ended September 30,
 
2013
 
2012
Total retail gasoline outlets, end of period
4,972

 

Total company-operated outlets, end of period
443

 

Gasoline and diesel throughput per company-operated site (gallons/month)
202,500

 

Revenue
$
5,298

 
$

Cost of products sold
5,066

 

Gross margin
232

 

Unrealized losses on commodity risk management activities
1

 

Operating expenses, excluding non-cash compensation expense
(103
)
 

Selling, general and administrative expenses, excluding non-cash compensation expense
(25
)
 

LIFO valuation adjustment
(6
)
 

Adjusted EBITDA related to unconsolidated affiliates
1

 

Segment Adjusted EBITDA
$
100

 
$

We acquired our retail marketing segment on October 5, 2012 in connection with our acquisition of Sunoco, Inc.; therefore, no comparative results were reflected in our financial statements.

12

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