Supplemental Condensed Consolidating Financial Information | Supplemental Condensed Consolidating Financial Information The Partnership serves as guarantor of the senior notes. These guarantees are full and unconditional. For purposes of the following footnote, Sunoco Logistics Partners L.P. is referred to as "Parent Guarantor" and Sunoco Logistics Partners Operations L.P. is referred to as "Subsidiary Issuer." All other consolidated subsidiaries of the Partnership are collectively referred to as "Non-Guarantor Subsidiaries." The following supplemental condensed consolidating financial information reflects the Parent Guarantor's separate accounts, the Subsidiary Issuer's separate accounts, the combined accounts of the Non-Guarantor Subsidiaries, the combined consolidating adjustments and eliminations and the Parent Guarantor's consolidated accounts for the dates and periods indicated. For purposes of the following condensed consolidating information, the Parent Guarantor's investments in its subsidiaries and the Subsidiary Issuer's investments in its subsidiaries are accounted for under the equity method of accounting. Consolidating Statement of Comprehensive Income (Loss) Year Ended December 31, 2015 (in millions) Parent Guarantor Subsidiary Issuer Non-Guarantor Subsidiaries Consolidating Adjustments Total Revenues Sales and other operating revenue: Unaffiliated customers $ — $ — $ 9,971 $ — $ 9,971 Affiliates — — 515 — 515 Total Revenues — — 10,486 — 10,486 Costs and Expenses Cost of products sold — — 9,145 — 9,145 Operating expenses — — 164 — 164 Selling, general and administrative expenses — 1 102 — 103 Depreciation and amortization expense — — 382 — 382 Impairment charge and other matters — — 162 — 162 Total Costs and Expenses — 1 9,955 — 9,956 Operating Income (Loss) — (1 ) 531 — 530 Other interest cost and debt expense, net — (209 ) (1 ) — (210 ) Capitalized interest — 76 — — 76 Other income — — 22 — 22 Equity in earnings of subsidiaries 393 526 — (919 ) — Income (Loss) Before Provision for Income Taxes 393 392 552 (919 ) 418 Provision for income taxes — — (21 ) — (21 ) Net Income (Loss) 393 392 531 (919 ) 397 Net income attributable to noncontrolling interests — — (3 ) — (3 ) Net income attributable to redeemable noncontrolling interests — — (1 ) — (1 ) Net Income (Loss) Attributable to Sunoco Logistics Partners L.P. $ 393 $ 392 $ 527 $ (919 ) $ 393 Net Income (Loss) $ 393 $ 392 $ 531 $ (919 ) $ 397 Adjustment to affiliate's pension funded status — — (1 ) — (1 ) Other Comprehensive Income (Loss) — — (1 ) — (1 ) Comprehensive Income (Loss) 393 392 530 (919 ) 396 Less: Comprehensive income attributable to noncontrolling interests — — (3 ) — (3 ) Less: Comprehensive income attributable to redeemable noncontrolling interests — — (1 ) — (1 ) Comprehensive Income (Loss) Attributable to Sunoco Logistics Partners L.P. $ 393 $ 392 $ 526 $ (919 ) $ 392 Consolidating Statement of Comprehensive Income (Loss) Year Ended December 31, 2014 (in millions) Parent Guarantor Subsidiary Issuer Non-Guarantor Subsidiaries Consolidating Adjustments Total Revenues Sales and other operating revenue: Unaffiliated customers $ — $ — $ 17,018 $ — $ 17,018 Affiliates — — 1,070 — 1,070 Total Revenues — — 18,088 — 18,088 Costs and Expenses Cost of products sold — — 16,877 — 16,877 Operating expenses — — 172 — 172 Selling, general and administrative expenses — — 118 — 118 Depreciation and amortization expense — — 296 — 296 Impairment charge and other matters — — 258 — 258 Total Costs and Expenses — — 17,721 — 17,721 Operating Income — — 367 — 367 Net interest income (cost) to affiliates — 5 (4 ) — 1 Other interest cost and debt expense, net — (146 ) — — (146 ) Capitalized interest — 78 — — 78 Other income — — 25 — 25 Equity in earnings of subsidiaries 291 354 — (645 ) — Income (Loss) Before Provision for Income Taxes 291 291 388 (645 ) 325 Provision for income taxes — — (25 ) — (25 ) Net Income (Loss) 291 291 363 (645 ) 300 Net Income attributable to noncontrolling interests — — (9 ) — (9 ) Net Income (Loss) Attributable to Sunoco Logistics Partners L.P. $ 291 $ 291 $ 354 $ (645 ) $ 291 Net Income (Loss) $ 291 $ 291 $ 363 $ (645 ) $ 300 Adjustment to affiliate's pension funded status — — 1 — 1 Other Comprehensive Income (Loss) — — 1 — 1 Comprehensive Income (Loss) 291 291 364 (645 ) 301 Less: Comprehensive income attributable to noncontrolling interests — — (9 ) — (9 ) Comprehensive Income (Loss) Attributable to Sunoco Logistics Partners L.P. $ 291 $ 291 $ 355 $ (645 ) $ 292 Consolidating Statement of Comprehensive Income (Loss) Year Ended December 31, 2013 (in millions) Parent Guarantor Subsidiary Issuer Non-Guarantor Subsidiaries Consolidating Adjustments Total Revenues Sales and other operating revenue: Unaffiliated customers $ — $ — $ 15,073 $ — $ 15,073 Affiliates — — 1,566 — 1,566 Total Revenues — — 16,639 — 16,639 Costs and Expenses Cost of products sold — — 15,600 — 15,600 Operating expenses — — 122 — 122 Selling, general and administrative expenses — — 92 — 92 Depreciation and amortization expense — — 265 — 265 Total Costs and Expenses — — 16,079 — 16,079 Operating Income — — 560 — 560 Net interest income (cost) to affiliates — 3 (4 ) — (1 ) Other interest cost and debt expense, net — (96 ) (1 ) — (97 ) Capitalized interest — 21 — — 21 Other income — — 21 — 21 Equity in earnings of subsidiaries 463 535 — (998 ) — Income (Loss) Before Provision for Income Taxes 463 463 576 (998 ) 504 Provision for income taxes — — (30 ) — (30 ) Net Income (Loss) 463 463 546 (998 ) 474 Net Income attributable to noncontrolling interests — — (11 ) — (11 ) Net Income (Loss) Attributable to Sunoco Logistics Partners L.P. $ 463 $ 463 $ 535 $ (998 ) $ 463 Net Income (Loss) $ 463 $ 463 $ 546 $ (998 ) $ 474 Other Comprehensive Income (Loss) — — — — — Comprehensive Income (Loss) 463 463 546 (998 ) 474 Less: Comprehensive income attributable to noncontrolling interests — — (11 ) — (11 ) Comprehensive Income (Loss) Attributable to Sunoco Logistics Partners L.P. $ 463 $ 463 $ 535 $ (998 ) $ 463 Consolidating Balance Sheet December 31, 2015 (in millions) Parent Guarantor Subsidiary Issuer Non-Guarantor Subsidiaries Consolidating Adjustments Total Assets Cash and cash equivalents $ — $ 37 $ — $ — $ 37 Accounts receivable, affiliated companies — 3 17 — 20 Accounts receivable, net — — 1,165 — 1,165 Inventories — — 607 — 607 Other current assets — — 19 — 19 Total Current Assets — 40 1,808 — 1,848 Properties, plants and equipment, net — — 10,692 — 10,692 Investment in affiliates 6,488 9,692 802 (16,180 ) 802 Goodwill — — 1,358 — 1,358 Intangible assets, net — — 718 — 718 Other assets — 6 65 — 71 Total Assets $ 6,488 $ 9,738 $ 15,443 $ (16,180 ) $ 15,489 Liabilities and Equity Accounts payable $ — $ 1 $ 1,250 $ — $ 1,251 Accounts payable, affiliated companies — — 39 — 39 Accrued liabilities 1 66 262 — 329 Accrued taxes payable — — 44 — 44 Intercompany (1,320 ) (2,408 ) 3,728 — — Total Current Liabilities (1,319 ) (2,341 ) 5,323 — 1,663 Long-term debt — 5,591 — — 5,591 Other deferred credits and liabilities — — 125 — 125 Deferred income taxes — — 254 — 254 Total Liabilities (1,319 ) 3,250 5,702 — 7,633 Redeemable noncontrolling interests — — 15 — 15 Redeemable Limited Partners' interests 286 — — — 286 Equity Sunoco Logistics Partners L.P. equity 7,521 6,488 9,692 (16,180 ) 7,521 Noncontrolling interests — — 34 — 34 Total Equity 7,521 6,488 9,726 (16,180 ) 7,555 Total Liabilities and Equity $ 6,488 $ 9,738 $ 15,443 $ (16,180 ) $ 15,489 Consolidating Balance Sheet December 31, 2014 (in millions) Parent Guarantor Subsidiary Issuer Non-Guarantor Subsidiaries Consolidating Adjustments Total Assets Cash and cash equivalents $ — $ 101 $ — $ — $ 101 Accounts receivable, affiliated companies — 3 6 — 9 Accounts receivable, net — — 1,766 — 1,766 Inventories — — 470 — 470 Other current assets — — 3 — 3 Total Current Assets — 104 2,245 — 2,349 Properties, plants and equipment, net — — 8,849 — 8,849 Investment in affiliates 6,189 9,168 226 (15,357 ) 226 Goodwill — — 1,358 — 1,358 Intangible assets, net — — 770 — 770 Other assets — 2 64 — 66 Total Assets $ 6,189 $ 9,274 $ 13,512 $ (15,357 ) $ 13,618 Liabilities and Equity Accounts payable $ — $ — $ 1,934 $ — $ 1,934 Accounts payable, affiliated companies — — 21 — 21 Accrued liabilities — 58 246 — 304 Accrued taxes payable — — 52 — 52 Intercompany (489 ) (1,172 ) 1,661 — — Total Current Liabilities (489 ) (1,114 ) 3,914 — 2,311 Long-term debt — 4,199 35 — 4,234 Other deferred credits and liabilities — — 71 — 71 Deferred income taxes — — 249 — 249 Total Liabilities (489 ) 3,085 4,269 — 6,865 Redeemable noncontrolling interests — — 15 — 15 Equity Sunoco Logistics Partners L.P. equity 6,678 6,189 9,168 (15,357 ) 6,678 Noncontrolling interests — — 60 — 60 Total Equity 6,678 6,189 9,228 (15,357 ) 6,738 Total Liabilities and Equity $ 6,189 $ 9,274 $ 13,512 $ (15,357 ) $ 13,618 Consolidating Statement of Cash Flows Year Ended December 31, 2015 (in millions) Parent Guarantor Subsidiary Issuer Non-Guarantor Subsidiaries Consolidating Adjustments Total Net Cash Flows from Operating Activities $ 393 $ 388 $ 736 $ (919 ) $ 598 Cash Flows from Investing Activities: Capital expenditures — — (2,706 ) — (2,706 ) Acquisitions — (131 ) — (131 ) Change in long-term note receivable — — (17 ) — (17 ) Intercompany (1,223 ) (1,814 ) 2,118 919 — Net cash provided by (used in) investing activities (1,223 ) (1,814 ) (736 ) 919 (2,854 ) Cash Flows from Financing Activities: Distributions paid to limited and general partners (686 ) — — — (686 ) Distributions paid to noncontrolling interests (3 ) — — — (3 ) Net proceeds from issuance of limited partner units 1,519 — — — 1,519 Payments of statutory withholding on net issuance of limited partner units under LTIP — — (11 ) — (11 ) Repayments under credit facilities — (3,662 ) — — (3,662 ) Borrowings under credit facilities — 4,039 — — 4,039 Net proceeds from issuance of long-term debt — 991 — — 991 Contributions attributable to acquisition from affiliate — — 11 — 11 Other — (6 ) — — (6 ) Net cash provided by financing activities 830 1,362 — — 2,192 Net change in cash and cash equivalents — (64 ) — — (64 ) Cash and cash equivalents at beginning of period — 101 — — 101 Cash and cash equivalents at end of period $ — $ 37 $ — $ — $ 37 Consolidating Statement of Cash Flows Year Ended December 31, 2014 (in millions) Parent Guarantor Subsidiary Issuer Non-Guarantor Subsidiaries Consolidating Adjustments Total Net Cash Flows from Operating Activities $ 290 $ 271 $ 649 $ (644 ) $ 566 Cash Flows from Investing Activities: Capital expenditures — — (2,416 ) — (2,416 ) Acquisitions — — (433 ) — (433 ) Change in long-term not receivable, affiliated companies — — (17 ) — (17 ) Intercompany (876 ) (2,012 ) 2,244 644 — Net cash provided by (used in) investing activities (876 ) (2,012 ) (622 ) 644 (2,866 ) Cash Flows from Financing Activities: Distributions paid to limited and general partners (468 ) — — — (468 ) Distributions paid to noncontrolling interests (4 ) — — — (4 ) Contributions from general partner 2 — — — 2 Net proceeds from issuance of limited partner units 839 839 Payments of statutory withholding on net issuance of limited partner units under LTIP — — (9 ) — (9 ) Repayments under credit facilities — (2,845 ) — — (2,845 ) Borrowings under credit facilities — 2,795 — — 2,795 Net proceeds from issuance of long-term debt — 1,976 — — 1,976 Repayment of senior notes — (175 ) — — (175 ) Advances to affiliated companies, net 217 79 (57 ) — 239 Contributions attributable to acquisition from affiliate — — 12 — 12 Net cash provided by (used in) financing activities 586 1,830 (54 ) — 2,362 Net change in cash and cash equivalents — 89 (27 ) — 62 Cash and cash equivalents at beginning of period — 12 27 — 39 Cash and cash equivalents at end of period $ — $ 101 $ — $ — $ 101 Consolidating Statement of Cash Flows Year Ended December 31, 2013 (in millions) Parent Guarantor Subsidiary Issuer Non-Guarantor Subsidiaries Consolidating Adjustments Total Net Cash Flows from Operating Activities $ 463 $ 446 $ 838 $ (998 ) $ 749 Cash Flows from Investing Activities: Capital expenditures — — (897 ) — (897 ) Acquisitions — — (60 ) — (60 ) Intercompany 95 (1,177 ) 84 998 — Net cash provided by (used in) investing activities 95 (1,177 ) (873 ) 998 (957 ) Cash Flows from Financing Activities: Distributions paid to limited and general partners (353 ) — — — (353 ) Distributions paid to noncontrolling interests (13 ) — — — (13 ) Payments of statutory withholding on net issuance of limited partner units under LTIP — — (3 ) — (3 ) Repayments under credit facilities — (119 ) — — (119 ) Borrowings under credit facilities — 200 15 — 215 Net proceeds from issuance of long-term debt — 691 — — 691 Advances to affiliated companies, net (192 ) (31 ) 40 — (183 ) Contributions attributable to acquisition from affiliate — — 9 — 9 Net cash provided by (used in) financing activities (558 ) 741 61 — 244 Net change in cash and cash equivalents — 10 26 — 36 Cash and cash equivalents at beginning of period — 2 1 — 3 Cash and cash equivalents at end of period $ — $ 12 $ 27 $ — $ 39 |