Supplementary Information - Condensed Consolidating Financial Information | 3 Months Ended | 12 Months Ended |
Mar. 31, 2014 | Dec. 31, 2013 |
Condensed Financial Information Disclosure [Abstract] | ' | ' |
Supplementary Information - Condensed Consolidating Financial Information | ' | ' |
Supplementary Information — Condensed Consolidating Statements of Cash Flows | Supplementary Information — Condensed Consolidating Financial Information |
| The following condensed consolidating financial information presents the results of operations, financial position and cash flows of DCP Midstream Partners, LP, or parent guarantor, DCP Midstream Operating LP, or subsidiary issuer, which is a 100% owned subsidiary, and non-guarantor subsidiaries, as well as the consolidating adjustments necessary to present DCP Midstream Partners, LP’s results on a consolidated basis. In conjunction with the universal shelf registration statement on Form S-3 filed with the SEC on June 14, 2012, the parent guarantor has agreed to fully and unconditionally guarantee securities of the subsidiary issuer. For the purpose of the following financial information, investments in subsidiaries are reflected in accordance with the equity method of accounting. The financial information may not necessarily be indicative of results of operations, cash flows, or financial position had the subsidiaries operated as independent entities. |
Subsequent to the issuance of the March 31, 2014 financial statements, management determined that intercompany transfers between the parent guarantor and the non-guarantor subsidiaries, as well as the subsidiary issuer and the non-guarantor subsidiaries, should be classified as investing activities by the parent guarantor and subsidiary issuer and financing activities by the non-guarantor subsidiaries, within the condensed consolidating statements of cash flows. The intercompany transfers had previously been reported as operating activities by the parent guarantor, subsidiary issuer and non-guarantor subsidiaries. The classification of these intercompany transfers has been corrected in the condensed consolidating financial statements for the periods ended March 31, 2014, and 2013. This correction has no impact on the condensed consolidated statement of cash flows for all periods presented. These amounts have been included within the line item “intercompany transfers” in investing and financing activities within the condensed consolidating statements of cash flows. | |
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| Condensed Consolidating Statement of Cash Flows | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Three Months Ended March 31, 2014 (a) | | | | | | | Condensed Consolidating Balance Sheet | |
| Parent | | Subsidiary | | Non-Guarantor | | Consolidating | | Consolidated | | | | | | | December 31, 2013 (a) | |
Guarantor | Issuer | Subsidiaries | Adjustments | | | | | | | Parent | | Subsidiary | | Non-Guarantor | | Consolidating | | Consolidated | |
| (Millions) | | | | | | Guarantor | Issuer | Subsidiaries | Adjustments | |
OPERATING ACTIVITIES | | | | | | | | | | | | | | | | (Millions) | |
Net cash (used in) provided by operating activities | — | | | (11 | ) | | 157 | | | — | | | 146 | | | | | | | ASSETS | | | | | | | | | | |
| | | | | Current assets: | | | | | | | | | | |
INVESTING ACTIVITIES: | | | | | | | | | | | | | | | Cash and cash equivalents | $ | — | | | $ | — | | | $ | 12 | | | $ | — | | | $ | 12 | | |
Intercompany transfers | (591 | ) | | (365 | ) | | — | | | 956 | | | — | | | | | | | |
| | | | | Accounts receivable, net | — | | | — | | | 342 | | | — | | | 342 | | |
Capital expenditures | — | | | — | | | (63 | ) | | — | | | (63 | ) | | | | | | |
| | | | | Inventories | — | | | — | | | 67 | | | — | | | 67 | | |
Acquisitions, net of cash acquired | — | | | — | | | (100 | ) | | — | | | (100 | ) | | | | | | |
| | | | | Other | — | | | — | | | 82 | | | — | | | 82 | | |
Acquisition of unconsolidated affiliates | — | | | — | | | (669 | ) | | — | | | (669 | ) | | | | | | |
| | | | | Total current assets | — | | | — | | | 503 | | | — | | | 503 | | |
Investments in unconsolidated affiliates | — | | | — | | | (65 | ) | | — | | | (65 | ) | | | | | | |
| | | | | Property, plant and equipment, net | — | | | — | | | 3,046 | | | — | | | 3,046 | | |
Other | — | | | — | | | 1 | | | — | | | 1 | | | | | | | |
| | | | | Goodwill and intangible assets, net | — | | | — | | | 283 | | | — | | | 283 | | |
Net cash (used in) provided by investing activities | (591 | ) | | (365 | ) | | (896 | ) | | 956 | | | (896 | ) | | | | | | |
| | | | | Advances receivable — consolidated subsidiaries | 1,805 | | | 1,683 | | | — | | | (3,488 | ) | | — | | |
FINANCING ACTIVITIES: | | | | | | | | | | | | | | | |
Intercompany transfers | — | | | — | | | 956 | | | (956 | ) | | — | | | | | | | Investments in consolidated subsidiaries | 181 | | | 426 | | | — | | | (607 | ) | | — | | |
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Proceeds from long-term debt | — | | | 719 | | | — | | | — | | | 719 | | | | | | | Investments in unconsolidated affiliates | — | | | — | | | 627 | | | — | | | 627 | | |
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Payments of commercial paper, net | — | | | (314 | ) | | — | | | — | | | (314 | ) | | | | | | Other long-term assets | — | | | 12 | | | 96 | | | — | | | 108 | | |
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Payments of deferred financing costs | — | | | (6 | ) | | — | | | — | | | (6 | ) | | | | | | Total assets | $ | 1,986 | | | $ | 2,121 | | | $ | 4,555 | | | $ | (4,095 | ) | | $ | 4,567 | | |
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Excess purchase price over acquired interests and commodity hedges | — | | | — | | | (14 | ) | | — | | | (14 | ) | | | | | | LIABILITIES AND EQUITY | | | | | | | | | | |
| | | | | Accounts payable and other current liabilities | $ | 1 | | | $ | 350 | | | $ | 372 | | | $ | — | | | $ | 723 | | |
Proceeds from issuance of common units, net of offering costs | 677 | | | — | | | — | | | — | | | 677 | | | | | | | |
| | | | | Advances payable — consolidated subsidiaries | — | | | — | | | 3,488 | | | (3,488 | ) | | — | | |
Net change in advances to predecessor from DCP Midstream, LLC | — | | | — | | | (6 | ) | | — | | | (6 | ) | | | | | | |
| | | | | Long-term debt | — | | | 1,590 | | | — | | | — | | | 1,590 | | |
Distributions to limited partners and general partner | (86 | ) | | — | | | — | | | — | | | (86 | ) | | | | | | |
| | | | | Other long-term liabilities | — | | | — | | | 41 | | | — | | | 41 | | |
Distributions to noncontrolling interests | — | | | — | | | (10 | ) | | — | | | (10 | ) | | | | | | |
| | | | | Total liabilities | 1 | | | 1,940 | | | 3,901 | | | (3,488 | ) | | 2,354 | | |
Purchase of additional interest in a subsidiary | — | | | — | | | (198 | ) | | — | | | (198 | ) | | | | | | |
| | | | | Commitments and contingent liabilities | | | | | | | | | | |
Contributions from noncontrolling interests | — | | | — | | | 3 | | | — | | | 3 | | | | | | | |
| | | | | Equity: | | | | | | | | | | |
Net cash provided by (used in) financing activities | 591 | | | 399 | | | 731 | | | (956 | ) | | 765 | | | | | | | Partners’ equity: | | | | | | | | | | |
| | | | | Predecessor equity | — | | | — | | | 40 | | | — | | | 40 | | |
Net change in cash and cash equivalents | — | | | 23 | | | (8 | ) | | — | | | 15 | | | | | | | |
| | | | | Net equity | 1,985 | | | 187 | | | 391 | | | (607 | ) | | 1,956 | | |
Cash and cash equivalents, beginning of period | — | | | — | | | 12 | | | — | | | 12 | | | | | | | |
| | | | | Accumulated other comprehensive loss | — | | | (6 | ) | | (5 | ) | | — | | | (11 | ) | |
Cash and cash equivalents, end of period | — | | | 23 | | | 4 | | | — | | | 27 | | | | | | | |
| | | | | Total partners’ equity | 1,985 | | | 181 | | | 426 | | | (607 | ) | | 1,985 | | |
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| | | | | | | | | | | | | | | | | | | | Noncontrolling interests | — | | | — | | | 228 | | | — | | | 228 | | |
(a) | The financial information for the three months ended March 31, 2014 includes the results of our Lucerne 1 plant, a transfer of net assets between entities under common control that was accounted for as if the transfer occurred at the beginning of the period, and prior years are retrospectively adjusted to furnish comparative information similar to the pooling method. | | | | | | | | | | | | | | | | | | | |
| Total equity | 1,985 | | | 181 | | | 654 | | | (607 | ) | | 2,213 | | |
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| | | | | | | | | | | | | | | | | | | | Total liabilities and equity | $ | 1,986 | | | $ | 2,121 | | | $ | 4,555 | | | $ | (4,095 | ) | | $ | 4,567 | | |
| Condensed Consolidating Statements of Cash Flows | |
| Three Months Ended March 31, 2013 (a) | |
| Parent | | Subsidiary | | Non-Guarantor | | Consolidating | | Consolidated | | | | | | | | | | | | | | | | | | | | | |
Guarantor | Issuer | Subsidiaries | Adjustments | (a) | The financial information as of December 31, 2013 includes the results of our Lucerne 1 plant and an 80% interest in the Eagle Ford system, transfers of net assets between entities under common control that were accounted for as if the transfer occurred at the beginning of the period, and prior years are retrospectively adjusted to furnish comparative information similar to the pooling method. | | | | | | | | | | | | | | | | | | | |
| (Millions) | |
OPERATING ACTIVITIES | | | | | | | | | | | |
Net cash (used in) provided by operating activities | $ | — | | | $ | (1 | ) | | $ | 159 | | | $ | (6 | ) | | $ | 152 | | | | | | | | | | | | | | | | | | | | | | |
| Condensed Consolidating Balance Sheet | |
INVESTING ACTIVITIES: | | | | | | | | | | | December 31, 2012 (a) | |
Intercompany transfers | (440 | ) | | (72 | ) | | — | | | 512 | | | — | | | Parent | | Subsidiary | | Non-Guarantor | | Consolidating | | Consolidated | |
Guarantor | Issuer | Subsidiaries | Adjustments | |
Capital expenditures | — | | | — | | | (101 | ) | | — | | | (101 | ) | | (Millions) | |
ASSETS | | | | | | | | | | |
Acquisitions, net of cash acquired | — | | | — | | | (481 | ) | | — | | | (481 | ) | Current assets: | | | | | | | | | | |
Cash and cash equivalents | $ | — | | | $ | 3 | | | $ | 2 | | | $ | (3 | ) | | $ | 2 | | |
Investments in unconsolidated affiliates | — | | | — | | | (26 | ) | | — | | | (26 | ) | |
Accounts receivable, net | — | | | — | | | 239 | | | — | | | 239 | | |
Net cash (used in) provided by investing activities | (440 | ) | | (72 | ) | | (608 | ) | | 512 | | | (608 | ) | |
Inventories | — | | | — | | | 76 | | | — | | | 76 | | |
FINANCING ACTIVITIES: | | | | | | | | | | |
Intercompany transfers | — | | | — | | | 512 | | | (512 | ) | | — | | Other | — | | | — | | | 51 | | | — | | | 51 | | |
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Proceeds from long-term debt | — | | | 809 | | | — | | | — | | | 809 | | Total current assets | — | | | 3 | | | 368 | | | (3 | ) | | 368 | | |
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Payments of long-term debt | — | | | (690 | ) | | — | | | — | | | (690 | ) | Property, plant and equipment, net | — | | | — | | | 2,592 | | | — | | | 2,592 | | |
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Payment of deferred financing costs | — | | | (4 | ) | | — | | | — | | | (4 | ) | Goodwill and intangible assets, net | — | | | — | | | 291 | | | — | | | 291 | | |
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Proceeds from issuance of common units, net of offering costs | 494 | | | — | | | — | | | — | | | 494 | | Advances receivable — consolidated subsidiaries | 873 | | | 1,424 | | | — | | | (2,297 | ) | | — | | |
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Excess purchase price over acquired assets | — | | | — | | | (94 | ) | | — | | | (94 | ) | Investments in consolidated subsidiaries | 574 | | | 770 | | | — | | | (1,344 | ) | | — | | |
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Net change in advances to predecessor from DCP Midstream, LLC | — | | | — | | | 22 | | | — | | | 22 | | Investments in unconsolidated affiliates | — | | | — | | | 304 | | | — | | | 304 | | |
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Distributions to common unitholders and general partner | (54 | ) | | — | | | — | | | — | | | (54 | ) | Other long-term assets | — | | | 11 | | | 79 | | | — | | | 90 | | |
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Distributions to noncontrolling interests | — | | | — | | | (5 | ) | | — | | | (5 | ) | Total assets | $ | 1,447 | | | $ | 2,208 | | | $ | 3,634 | | | $ | (3,644 | ) | | $ | 3,645 | | |
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Contributions from noncontrolling interests | — | | | — | | | 15 | | | — | | | 15 | | LIABILITIES AND EQUITY | | | | | | | | | | |
Accounts payable and other current liabilities | $ | — | | | $ | 12 | | | $ | 336 | | | $ | (3 | ) | | $ | 345 | | |
Distributions to DCP Midstream, LLC | — | | | — | | | (3 | ) | | — | | | (3 | ) | |
Advances payable — consolidated subsidiaries | — | | | — | | | 2,297 | | | (2,297 | ) | | — | | |
Contributions from DCP Midstream, LLC | — | | | — | | | 1 | | | — | | | 1 | | |
Long-term debt | — | | | 1,620 | | | — | | | — | | | 1,620 | | |
Net cash provided by (used in) financing activities | 440 | | | 115 | | | 448 | | | (512 | ) | | 491 | | |
Other long-term liabilities | — | | | 2 | | | 42 | | | — | | | 44 | | |
Net change in cash and cash equivalents | — | | | 42 | | | (1 | ) | | (6 | ) | | 35 | | |
Total liabilities | — | | | 1,634 | | | 2,675 | | | (2,300 | ) | | 2,009 | | |
Cash and cash equivalents, beginning of period | — | | | 3 | | | 2 | | | (3 | ) | | 2 | | |
Commitments and contingent liabilities | | | | | | | | | | |
Cash and cash equivalents, end of period | $ | — | | | $ | 45 | | | $ | 1 | | | $ | (9 | ) | | $ | 37 | | |
Equity: | | | | | | | | | | |
| Partners’ equity: | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Predecessor equity | — | | | — | | | 399 | | | — | | | 399 | | |
(a) | The financial information during the three months ended March 31, 2013 includes the results of our Lucerne 1 plant and an 80% interest in the Eagle Ford system. These transfers of net assets between entities under common control were accounted for as if the transfer occurred at the beginning of the period, and prior years are retrospectively adjusted to furnish comparative information similar to the pooling method. | | | | | | | | | | | | | | | | | | | |
| Net equity | 1,447 | | | 584 | | | 376 | | | (1,344 | ) | | 1,063 | | |
The parent guarantor, subsidiary issuer and non-guarantor subsidiaries participate in a cash pooling program, whereby cash balances are generally swept daily between the parent guarantor and the non-guarantor subsidiaries bank accounts and those of the subsidiary issuer. | |
| Accumulated other comprehensive loss | — | | | (10 | ) | | (5 | ) | | — | | | (15 | ) | |
The changes to the previously reported amounts are summarized as follows: | |
| Total partners’ equity | 1,447 | | | 574 | | | 770 | | | (1,344 | ) | | 1,447 | | |
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| | | | | | | | | | | | | | | | | | | | Noncontrolling interests | — | | | — | | | 189 | | | — | | | 189 | | |
| Parent | | Subsidiary | | Non-Guarantor | | Consolidating | | Consolidated | |
Guarantor | Issuer | Subsidiaries | Adjustments | Total equity | 1,447 | | | 574 | | | 959 | | | (1,344 | ) | | 1,636 | | |
| (Millions) | |
Three Months Ended March 31, 2014 | | | | | | | | | | Total liabilities and equity | $ | 1,447 | | | $ | 2,208 | | | $ | 3,634 | | | $ | (3,644 | ) | | $ | 3,645 | | |
Net cash (used in) provided by operating activities | $ | 591 | | | $ | 365 | | | $ | (956 | ) | | $ | — | | | $ | — | | |
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Net cash (used in) provided by investing activities | $ | (591 | ) | | $ | (365 | ) | | $ | — | | | $ | 956 | | | $ | — | | | | | | | | | | | | | | | | | | | | | | |
(a) | The financial information as of December 31, 2012 includes the results of our Lucerne 1 plant and our 80% interest in the Eagle Ford system, transfers of net assets between entities under common control that were accounted for as if the transfer occurred at the beginning of the period, and prior years are retrospectively adjusted to furnish comparative information similar to the pooling method. | | | | | | | | | | | | | | | | | | | |
Net cash provided by (used in) financing activities | $ | — | | | $ | — | | | $ | 956 | | | $ | (956 | ) | | $ | — | | |
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Three Months Ended March 31, 2013 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net cash (used in) provided by operating activities | $ | 440 | | | $ | 72 | | | $ | (512 | ) | | $ | — | | | $ | — | | | Condensed Consolidating Statement of Operations | |
| Year Ended December 31, 2013 (a) | |
Net cash (used in) provided by investing activities | $ | (440 | ) | | $ | (72 | ) | | $ | — | | | $ | 512 | | | $ | — | | | Parent | | Subsidiary | | Non- | | Consolidating | | Consolidated | |
Guarantor | Issuer | Guarantor | Adjustments | |
Net cash provided by (used in) financing activities | $ | — | | | $ | — | | | $ | 512 | | | $ | (512 | ) | | $ | — | | | | Subsidiaries | | |
| (Millions) | |
| Operating revenues: | | | | | | | | | | |
| Sales of natural gas, propane, NGLs and condensate | $ | — | | | $ | — | | | $ | 2,763 | | | $ | — | | | $ | 2,763 | | |
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| Transportation, processing and other | — | | | — | | | 271 | | | — | | | 271 | | |
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| Gains from commodity derivative activity, net | — | | | — | | | 17 | | | — | | | 17 | | |
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| Total operating revenues | — | | | — | | | 3,051 | | | — | | | 3,051 | | |
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| Operating costs and expenses: | | | | | | | | | | |
| Purchases of natural gas, propane and NGLs | — | | | — | | | 2,426 | | | — | | | 2,426 | | |
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| Operating and maintenance expense | — | | | — | | | 215 | | | — | | | 215 | | |
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| Depreciation and amortization expense | — | | | — | | | 95 | | | — | | | 95 | | |
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| General and administrative expense | — | | | — | | | 63 | | | — | | | 63 | | |
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| Other expense | — | | | — | | | 8 | | | — | | | 8 | | |
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| Total operating costs and expenses | — | | | — | | | 2,807 | | | — | | | 2,807 | | |
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| Operating income | — | | | — | | | 244 | | | — | | | 244 | | |
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| Interest expense, net | — | | | (52 | ) | | — | | | — | | | (52 | ) | |
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| Income from consolidated subsidiaries | 200 | | | 252 | | | — | | | (452 | ) | | — | | |
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| Earnings from unconsolidated affiliates | — | | | — | | | 33 | | | — | | | 33 | | |
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| Income before income taxes | 200 | | | 200 | | | 277 | | | (452 | ) | | 225 | | |
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| Income tax expense | — | | | — | | | (8 | ) | | — | | | (8 | ) | |
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| Net income | 200 | | | 200 | | | 269 | | | (452 | ) | | 217 | | |
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| Net income attributable to noncontrolling interests | — | | | — | | | (17 | ) | | — | | | (17 | ) | |
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| Net income attributable to partners | $ | 200 | | | $ | 200 | | | $ | 252 | | | $ | (452 | ) | | $ | 200 | | |
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| (a) | The financial information for the year ended December 31, 2013 includes the results of our Lucerne 1 plant and our 80% interest in the Eagle Ford system, transfers of net assets between entities under common control that were accounted for as if the transfer occurred at the beginning of the period, and prior years are retrospectively adjusted to furnish comparative information similar to the pooling method. | | | | | | | | | | | | | | | | | | | |
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| | Condensed Consolidating Statement of Comprehensive Income | |
| | Year Ended December 31, 2013 (a) | |
| | Parent | | Subsidiary | | Non-Guarantor | | Consolidating | | Consolidated | |
| Guarantor | Issuer | Subsidiaries | Adjustments | |
| | (Millions) | |
| Net income | $ | 200 | | | $ | 200 | | | $ | 269 | | | $ | (452 | ) | | $ | 217 | | |
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| Other comprehensive income: | | | | | | | | | | |
| Reclassification of cash flow hedge losses into earnings | — | | | 4 | | | — | | | — | | | 4 | | |
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| Other comprehensive income from consolidated subsidiaries | 4 | | | — | | | — | | | (4 | ) | | — | | |
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| Total other comprehensive income | 4 | | | 4 | | | — | | | (4 | ) | | 4 | | |
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| Total comprehensive income | 204 | | | 204 | | | 269 | | | (456 | ) | | 221 | | |
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| Total comprehensive income attributable to noncontrolling interests | — | | | — | | | (17 | ) | | — | | | (17 | ) | |
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| Total comprehensive income attributable to partners | $ | 204 | | | $ | 204 | | | $ | 252 | | | $ | (456 | ) | | $ | 204 | | |
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| (a) | The financial information for the year ended December 31, 2013 includes the results of our Lucerne 1 plant and our 80% interest in the Eagle Ford system, transfers of net assets between entities under common control that were accounted for as if the transfer occurred at the beginning of the period, and prior years are retrospectively adjusted to furnish comparative information similar to the pooling method. | | | | | | | | | | | | | | | | | | | |
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| | Condensed Consolidating Statement of Operations | |
| | Year Ended December 31, 2012 (a) | |
| | Parent | | Subsidiary | | Non-Guarantor | | Consolidating | | Consolidated | |
| Guarantor | Issuer | Subsidiaries | Adjustments | |
| | (Millions) | |
| Operating revenues: | | | | | | | | | | |
| Sales of natural gas, propane, NGLs and condensate | $ | — | | | $ | — | | | $ | 2,520 | | | $ | — | | | $ | 2,520 | | |
| |
| Transportation, processing and other | — | | | — | | | 234 | | | — | | | 234 | | |
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| Gains from commodity derivative activity, net | — | | | — | | | 70 | | | — | | | 70 | | |
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| Total operating revenues | — | | | — | | | 2,824 | | | — | | | 2,824 | | |
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| Operating costs and expenses: | | | | | | | | | | |
| Purchases of natural gas, propane and NGLs | — | | | — | | | 2,215 | | | — | | | 2,215 | | |
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| Operating and maintenance expense | — | | | — | | | 197 | | | — | | | 197 | | |
| |
| Depreciation and amortization expense | — | | | — | | | 91 | | | — | | | 91 | | |
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| General and administrative expense | — | | | — | | | 75 | | | — | | | 75 | | |
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| Total operating costs and expenses | — | | | — | | | 2,578 | | | — | | | 2,578 | | |
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| Operating income | — | | | — | | | 246 | | | — | | | 246 | | |
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| | | | | | | | | | | | | | | | | | | | Interest expense, net | — | | | (41 | ) | | (1 | ) | | — | | | (42 | ) | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Earnings from unconsolidated affiliates | — | | | — | | | 26 | | | — | | | 26 | | |
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| | | | | | | | | | | | | | | | | | | | Income from consolidated subsidiaries | 216 | | | 257 | | | — | | | (473 | ) | | — | | |
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| | | | | | | | | | | | | | | | | | | | Income before income taxes | 216 | | | 216 | | | 271 | | | (473 | ) | | 230 | | |
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| | | | | | | | | | | | | | | | | | | | Income tax expense | — | | | — | | | (1 | ) | | — | | | (1 | ) | |
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| | | | | | | | | | | | | | | | | | | | Net income | 216 | | | 216 | | | 270 | | | (473 | ) | | 229 | | |
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| | | | | | | | | | | | | | | | | | | | Net income attributable to noncontrolling interests | — | | | — | | | (13 | ) | | — | | | (13 | ) | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Net income attributable to partners | $ | 216 | | | $ | 216 | | | $ | 257 | | | $ | (473 | ) | | $ | 216 | | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | (a) | The financial information for the year ended December 31, 2012 includes the results of our Lucerne 1 plant, our 80% interest in the Eagle Ford system and our 100% interest in Southeast Texas and commodity derivative hedge instruments related to the Southeast Texas storage business. These transfers of net assets between entities under common control were accounted for as if the transfer occurred at the beginning of the period, and prior years are retrospectively adjusted to furnish comparative information similar to the pooling method. | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | Condensed Consolidating Statement of Comprehensive Income | |
| | | | | | | | | | | | | | | | | | | | | Year Ended December 31, 2012 (a) | |
| | | | | | | | | | | | | | | | | | | | | Parent | | Subsidiary | | Non-Guarantor | | Consolidating | | Consolidated | |
| | | | | | | | | | | | | | | | | | | | Guarantor | Issuer | Subsidiaries | Adjustments | |
| | | | | | | | | | | | | | | | | | | | | (Millions) | |
| | | | | | | | | | | | | | | | | | | | Net income | $ | 216 | | | $ | 216 | | | $ | 270 | | | $ | (473 | ) | | $ | 229 | | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Other comprehensive loss: | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Reclassification of cash flow hedge losses into earnings | — | | | 10 | | | — | | | — | | | 10 | | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Net unrealized losses on cash flow hedges | — | | | (1 | ) | | — | | | — | | | (1 | ) | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Other comprehensive income from consolidated subsidiaries | 9 | | | — | | | — | | | (9 | ) | | — | | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Total other comprehensive income | 9 | | | 9 | | | — | | | (9 | ) | | 9 | | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Total comprehensive income | 225 | | | 225 | | | 270 | | | (482 | ) | | 238 | | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Total comprehensive income attributable to noncontrolling interests | — | | | — | | | (13 | ) | | — | | | (13 | ) | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Total comprehensive income attributable to partners | $ | 225 | | | $ | 225 | | | $ | 257 | | | $ | (482 | ) | | $ | 225 | | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | (a) | The financial information for the year ended December 31, 2012 includes the results of our Lucerne 1 plant, our 80% interest in the Eagle Ford system and our 100% interest in Southeast Texas and commodity derivative hedge instruments related to the Southeast Texas storage business. These transfers of net assets between entities under common control were accounted for as if the transfer occurred at the beginning of the period, and prior years are retrospectively adjusted to furnish comparative information similar to the pooling method. | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | Condensed Consolidating Statement of Operations | |
| | | | | | | | | | | | | | | | | | | | | Year Ended December 31, 2011 (a) | |
| | | | | | | | | | | | | | | | | | | | | Parent | | Subsidiary | | Non-Guarantor | | Consolidating | | Consolidated | |
| | | | | | | | | | | | | | | | | | | | Guarantor | Issuer | Subsidiaries | Adjustments | |
| | | | | | | | | | | | | | | | | | | | | (Millions) | |
| | | | | | | | | | | | | | | | | | | | Operating revenues: | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Sales of natural gas, propane, NGLs and condensate | $ | — | | | $ | — | | | $ | 3,574 | | | $ | — | | | $ | 3,574 | | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Transportation, processing and other | — | | | — | | | 208 | | | — | | | 208 | | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Gains from commodity derivative activity, net | — | | | — | | | 8 | | | — | | | 8 | | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Total operating revenues | — | | | — | | | 3,790 | | | — | | | 3,790 | | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Operating costs and expenses: | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Purchases of natural gas, propane and NGLs | — | | | — | | | 3,155 | | | — | | | 3,155 | | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Operating and maintenance expense | — | | | — | | | 192 | | | — | | | 192 | | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Depreciation and amortization expense | — | | | — | | | 135 | | | — | | | 135 | | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | General and administrative expense | — | | | — | | | 76 | | | — | | | 76 | | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Other income | — | | | — | | | (1 | ) | | — | | | (1 | ) | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Total operating costs and expenses | — | | | — | | | 3,557 | | | — | | | 3,557 | | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Operating income | — | | | — | | | 233 | | | — | | | 233 | | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Interest expense | — | | | (33 | ) | | (1 | ) | | — | | | (34 | ) | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Earnings from unconsolidated affiliates | — | | | — | | | 23 | | | — | | | 23 | | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Income from consolidated subsidiaries | 191 | | | 224 | | | — | | | (415 | ) | | — | | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Income before income taxes | 191 | | | 191 | | | 255 | | | (415 | ) | | 222 | | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Income tax expense | — | | | — | | | (1 | ) | | — | | | (1 | ) | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Net income | 191 | | | 191 | | | 254 | | | (415 | ) | | 221 | | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Net income attributable to noncontrolling interests | — | | | — | | | (30 | ) | | — | | | (30 | ) | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Net income attributable to partners | $ | 191 | | | $ | 191 | | | $ | 224 | | | $ | (415 | ) | | $ | 191 | | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | (a) | The financial information for the year ended December 31, 2011 includes the results of our Lucerne 1 plant, our 80% interest in the Eagle Ford system and our 100% interest in Southeast Texas and commodity derivative hedge instruments related to the Southeast Texas storage business. These transfers of net assets between entities under common control were accounted for as if the transfer occurred at the beginning of the period, and prior years are retrospectively adjusted to furnish comparative information similar to the pooling method. | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | Condensed Consolidating Statement of Comprehensive Income |
| | | | | | | | | | | | | | | | | | | | | Year Ended December 31, 2011 (a) |
| | | | | | | | | | | | | | | | | | | | | Parent | | Subsidiary | | Non-Guarantor | | Consolidating | | Consolidated |
| | | | | | | | | | | | | | | | | | | | Guarantor | Issuer | Subsidiaries | Adjustments |
| | | | | | | | | | | | | | | | | | | | | (Millions) |
| | | | | | | | | | | | | | | | | | | | Net income | $ | 191 | | | $ | 191 | | | $ | 254 | | | $ | (415 | ) | | $ | 221 | |
| | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Other comprehensive loss: | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Reclassification of cash flow hedge losses into earnings | — | | | 21 | | | — | | | — | | | 21 | |
| | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Net unrealized losses on cash flow hedges | — | | | (12 | ) | | (3 | ) | | — | | | (15 | ) |
| | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Other comprehensive income from consolidated subsidiaries | 6 | | | (3 | ) | | — | | | (3 | ) | | — | |
| | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Total other comprehensive income | 6 | | | 6 | | | (3 | ) | — | | (3 | ) | | 6 | |
| | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Total comprehensive income | 197 | | | 197 | | | 251 | | | (418 | ) | | 227 | |
| | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Total comprehensive income attributable to noncontrolling interests | — | | | — | | | (30 | ) | | — | | | (30 | ) |
| | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Total comprehensive income attributable to partners | $ | 197 | | | $ | 197 | | | $ | 221 | | | $ | (418 | ) | | $ | 197 | |
| | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | (a) | The financial information for the year ended December 31, 2011 includes the results of our Lucerne 1 plant, our 80% interest in the Eagle Ford system and our 100% interest in Southeast Texas and commodity derivative hedge instruments related to the Southeast Texas storage business. These transfers of net assets between entities under common control were accounted for as if the transfer occurred at the beginning of the period, and prior years are retrospectively adjusted to furnish comparative information similar to the pooling method. | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | Condensed Consolidating Statement of Cash Flows | |
| | | | | | | | | | | | | | | | | | | | | Year Ended December 31, 2013 (a) | |
| | | | | | | | | | | | | | | | | | | | | Parent | | Subsidiary | | Non-Guarantor | | Consolidating | | Consolidated | |
| | | | | | | | | | | | | | | | | | | | Guarantor | Issuer | Subsidiaries | Adjustments | |
| | | | | | | | | | | | | | | | | | | | | (Millions) | |
| | | | | | | | | | | | | | | | | | | | OPERATING ACTIVITIES | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Net cash (used in) provided by operating activities | $ | — | | | $ | (45 | ) | | $ | 387 | | | $ | 3 | | | $ | 345 | | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | INVESTING ACTIVITIES: | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Intercompany transfers | (806 | ) | | (258 | ) | | — | | | 1,064 | | | — | | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Capital expenditures | — | | | — | | | (363 | ) | | — | | | (363 | ) | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Acquisitions, net of cash acquired | — | | | — | | | (696 | ) | | — | | | (696 | ) | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Acquisition of unconsolidated affiliates | — | | | — | | | (86 | ) | | — | | | (86 | ) | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Investments in unconsolidated affiliates | — | | | — | | | (242 | ) | | — | | | (242 | ) | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Net cash (used in) provided by investing activities | (806 | ) | | (258 | ) | | (1,387 | ) | | 1,064 | | | (1,387 | ) | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | FINANCING ACTIVITIES: | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Intercompany transfers | — | | | — | | | 1,064 | | | (1,064 | ) | | — | | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Proceeds from long-term debt | — | | | 1,957 | | | — | | | — | | | 1,957 | | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Payments of long-term debt | — | | | (1,988 | ) | | — | | | — | | | (1,988 | ) | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Proceeds from issuance of commercial paper | — | | | 335 | | | — | | | — | | | 335 | | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Payments of deferred financing costs | — | | | (4 | ) | | — | | | — | | | (4 | ) | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Excess purchase price over acquired interests and commodity hedges | — | | | — | | | (85 | ) | | — | | | (85 | ) | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Proceeds from issuance of common units, net of offering costs | 1,083 | | | — | | | — | | | — | | | 1,083 | | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Net change in advances to predecessor from DCP Midstream, LLC | — | | | — | | | 11 | | | — | | | 11 | | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Distributions to limited partners and general partner | (277 | ) | | — | | | — | | | — | | | (277 | ) | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Distributions to noncontrolling interests | — | | | — | | | (24 | ) | | — | | | (24 | ) | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Contributions from noncontrolling interests | — | | | — | | | 46 | | | — | | | 46 | | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Distributions to DCP Midstream, LLC | — | | | — | | | (3 | ) | | — | | | (3 | ) | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Contributions from DCP Midstream, LLC | — | | | — | | | 1 | | | — | | | 1 | | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Net cash provided by (used in) financing activities | 806 | | | 300 | | | 1,010 | | | (1,064 | ) | | 1,052 | | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Net change in cash and cash equivalents | — | | | (3 | ) | | 10 | | | 3 | | | 10 | | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Cash and cash equivalents, beginning of period | — | | | 3 | | | 2 | | | (3 | ) | | 2 | | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Cash and cash equivalents, end of period | $ | — | | | $ | — | | | $ | 12 | | | $ | — | | | $ | 12 | | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | (a) | The financial information for the year ended December 31, 2013 includes the results of our Lucerne 1 plant and our 80% interest in the Eagle Ford system, transfers of net assets between entities under common control that were accounted for as if the transfer occurred at the beginning of the period, and prior years are retrospectively adjusted to furnish comparative information similar to the pooling method. | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | Condensed Consolidating Statements of Cash Flows | |
| | | | | | | | | | | | | | | | | | | | | Year Ended December 31, 2012 (a) | |
| | | | | | | | | | | | | | | | | | | | | Parent | | Subsidiary | | Non-Guarantor | | Consolidating | | Consolidated | |
| | | | | | | | | | | | | | | | | | | | Guarantor | Issuer | Subsidiaries | Adjustments | |
| | | | | | | | | | | | | | | | | | | | | (Millions) | |
| | | | | | | | | | | | | | | | | | | | OPERATING ACTIVITIES | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Net cash (used in) provided by operating activities | $ | — | | | $ | (39 | ) | | $ | 142 | | | $ | (1 | ) | | $ | 102 | | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | INVESTING ACTIVITIES: | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Intercompany transfers | (274 | ) | | (827 | ) | | — | | | 1,101 | | | — | | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Capital expenditures | — | | | — | | | (484 | ) | | — | | | (484 | ) | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Acquisitions, net of cash acquired | — | | | — | | | (745 | ) | | — | | | (745 | ) | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Investments in unconsolidated affiliates | — | | | — | | | (158 | ) | | — | | | (158 | ) | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Return of investment from unconsolidated affiliate | — | | | — | | | 1 | | | — | | | 1 | | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Proceeds from sale of assets | — | | | — | | | 2 | | | — | | | 2 | | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Net cash (used in) provided by investing activities | (274 | ) | | (827 | ) | | (1,384 | ) | | 1,101 | | | (1,384 | ) | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | FINANCING ACTIVITIES: | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Intercompany transfers | — | | | — | | | 1,101 | | | (1,101 | ) | | — | | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Proceeds from long-term debt | — | | | 2,665 | | | — | | | — | | | 2,665 | | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Payments of long-term debt | — | | | (1,792 | ) | | — | | | — | | | (1,792 | ) | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Payment of deferred financing costs | — | | | (8 | ) | | — | | | — | | | (8 | ) | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Proceeds from issuance of common units, net of offering costs | 455 | | | — | | | — | | | — | | | 455 | | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Excess purchase price over acquired assets | — | | | — | | | (225 | ) | | — | | | (225 | ) | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Net change in advances to predecessor from DCP Midstream, LLC | — | | | — | | | 336 | | | — | | | 336 | | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Distributions to common unitholders and general partner | (181 | ) | | — | | | — | | | — | | | (181 | ) | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Distributions to noncontrolling interests | — | | | — | | | (9 | ) | | — | | | (9 | ) | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Contributions from noncontrolling interests | — | | | — | | | 25 | | | — | | | 25 | | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Contributions from DCP Midstream, LLC | — | | | — | | | 10 | | | — | | | 10 | | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Net cash provided by (used in) financing activities | 274 | | | 865 | | | 1,238 | | | (1,101 | ) | | 1,276 | | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Net change in cash and cash equivalents | — | | | (1 | ) | | (4 | ) | | (1 | ) | | (6 | ) | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Cash and cash equivalents, beginning of year | — | | | 4 | | | 6 | | | (2 | ) | | 8 | | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Cash and cash equivalents, end of year | $ | — | | | $ | 3 | | | $ | 2 | | | $ | (3 | ) | | $ | 2 | | |
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| | | | | | | | | | | | | | | | | | | | (a) | The financial information during the year ended December 31, 2012 includes the results of our Lucerne 1 plant, our 80% interest in the Eagle Ford system and our 100% interest in Southeast Texas and commodity derivative hedge instruments related to the Southeast Texas storage business. These transfers of net assets between entities under common control were accounted for as if the transfer occurred at the beginning of the period, and prior years are retrospectively adjusted to furnish comparative information similar to the pooling method. | | | | | | | | | | | | | | | | | | | |
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| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | Condensed Consolidating Statements of Cash Flows | |
| | | | | | | | | | | | | | | | | | | | | Year Ended December 31, 2011 (a) | |
| | | | | | | | | | | | | | | | | | | | | Parent | | Subsidiary | | Non-Guarantor | | Consolidating | | Consolidated | |
| | | | | | | | | | | | | | | | | | | | Guarantor | Issuer | Subsidiaries | Adjustments | |
| | | | | | | | | | | | | | | | | | | | | (Millions) | |
| | | | | | | | | | | | | | | | | | | | OPERATING ACTIVITIES | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Net cash (used in) provided by operating activities | $ | — | | | $ | (31 | ) | | $ | 448 | | | $ | — | | | $ | 417 | | |
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| | | | | | | | | | | | | | | | | | | | INVESTING ACTIVITIES: | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Intercompany transfers | (38 | ) | | (62 | ) | | — | | | 100 | | | — | | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Capital expenditures | — | | | — | | | (385 | ) | | — | | | (385 | ) | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Acquisitions, net of cash acquired | — | | | — | | | (152 | ) | | — | | | (152 | ) | |
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| | | | | | | | | | | | | | | | | | | | Investments in unconsolidated affiliates | — | | | — | | | (8 | ) | | — | | | (8 | ) | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Return of investment from unconsolidated affiliate | — | | | — | | | 2 | | | — | | | 2 | | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Proceeds from sale of assets | — | | | — | | | 5 | | | — | | | 5 | | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Net cash (used in) provided by investing activities | (38 | ) | | (62 | ) | | (538 | ) | | 100 | | | (538 | ) | |
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| | | | | | | | | | | | | | | | | | | | FINANCING ACTIVITIES: | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Intercompany transfers | — | | | — | | | 100 | | | (100 | ) | | — | | |
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| | | | | | | | | | | | | | | | | | | | Proceeds from debt | — | | | 1,524 | | | — | | | — | | | 1,524 | | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Payments of debt | — | | | (1,425 | ) | | — | | | — | | | (1,425 | ) | |
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| | | | | | | | | | | | | | | | | | | | Payment of deferred financing costs | — | | | (4 | ) | | — | | | — | | | (4 | ) | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Proceeds from issuance of common units, net of offering costs | 170 | | | — | | | — | | | — | | | 170 | | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Excess purchase price over acquired unconsolidated affiliates | — | | | — | | | (36 | ) | | — | | | (36 | ) | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Net change in advances to predecessor from DCP Midstream, LLC | — | | | — | | | 52 | | | — | | | 52 | | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Distributions to common unitholders and general partner | (132 | ) | | — | | | — | | | — | | | (132 | ) | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Distributions to noncontrolling interests | — | | | — | | | (45 | ) | | — | | | (45 | ) | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Contributions from noncontrolling interests | — | | | — | | | 18 | | | — | | | 18 | | |
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| | | | | | | | | | | | | | | | | | | | Net cash provided by (used in) financing activities | 38 | | | 95 | | | 89 | | | (100 | ) | | 122 | | |
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| | | | | | | | | | | | | | | | | | | | Net change in cash and cash equivalents | — | | | 2 | | | (1 | ) | | — | | | 1 | | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Cash and cash equivalents, beginning of year | — | | | 2 | | | 7 | | | (2 | ) | | 7 | | |
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| | | | | | | | | | | | | | | | | | | | Cash and cash equivalents, end of year | $ | — | | | $ | 4 | | | $ | 6 | | | $ | (2 | ) | | $ | 8 | | |
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| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | (a) | The financial information as of December 31, 2011, includes the results of our Lucerne 1 plant, our 80% interest in the Eagle Ford system and our 100% interest in Southeast Texas and commodity derivative hedge instruments related to the Southeast Texas storage business. These transfers of net assets between entities under common control were accounted for as if the transfers occurred at the beginning of the period, and prior years were retrospectively adjusted to furnish comparative information similar to the pooling method. | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | The parent guarantor, subsidiary issuer and non-guarantor subsidiaries participate in a cash pooling program, whereby cash balances are generally swept daily between the parent guarantor and the non-guarantor subsidiaries bank accounts and those of the subsidiary issuer. |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Subsequent to the issuance of the 2013 financial statements, management determined that intercompany transfers between the parent guarantor and the non-guarantor subsidiaries, as well as the subsidiary issuer and the non-guarantor subsidiaries, should be classified as investing activities by the parent guarantor and subsidiary issuer and financing activities by the non-guarantor subsidiaries, within the condensed consolidating statements of cash flows. The intercompany transfers had previously been reported as operating activities by the parent guarantor, subsidiary issuer and non-guarantor subsidiaries. The classification of these intercompany transfers has been corrected in the condensed consolidating financial statements for the years ended December 31, 2013, 2012 and 2011. This correction has no impact on the consolidated statement of cash flows for all years presented. These amounts have been included within the line item “intercompany transfers” in investing and financing activities within the condensed consolidating statements of cash flows. The changes to the previously reported amounts are summarized as follows: |
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| | | | | | | | | | | | | | | | | | | | | Parent | | Subsidiary | | Non-Guarantor | | Consolidating | | Consolidated | |
| | | | | | | | | | | | | | | | | | | | Guarantor | Issuer | Subsidiaries | Adjustments | |
| | | | | | | | | | | | | | | | | | | | | (Millions) | |
| | | | | | | | | | | | | | | | | | | | Year Ended December 31, 2013 | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Net cash (used in) provided by operating activities | $ | 806 | | | $ | 258 | | | $ | (1,064 | ) | | $ | — | | | $ | — | | |
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| | | | | | | | | | | | | | | | | | | | Net cash (used in) provided by investing activities | $ | (806 | ) | | $ | (258 | ) | | $ | — | | | $ | 1,064 | | | $ | — | | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Net cash provided by (used in) financing activities | $ | — | | | $ | — | | | $ | 1,064 | | | $ | (1,064 | ) | | $ | — | | |
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| | | | | | | | | | | | | | | | | | | | Year Ended December 31, 2012 | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Net cash (used in) provided by operating activities | $ | 274 | | | $ | 827 | | | $ | (1,101 | ) | | $ | — | | | $ | — | | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Net cash (used in) provided by investing activities | $ | (274 | ) | | $ | (827 | ) | | $ | — | | | $ | 1,101 | | | $ | — | | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Net cash provided by (used in) financing activities | $ | — | | | $ | — | | | $ | 1,101 | | | $ | (1,101 | ) | | $ | — | | |
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| | | | | | | | | | | | | | | | | | | | Year Ended December 31, 2011 | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Net cash (used in) provided by operating activities | $ | 38 | | | $ | 62 | | | $ | (100 | ) | | $ | — | | | $ | — | | |
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| | | | | | | | | | | | | | | | | | | | Net cash (used in) provided by investing activities | $ | (38 | ) | | $ | (62 | ) | | $ | — | | | $ | 100 | | | $ | — | | |
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| | | | | | | | | | | | | | | | | | | | Net cash provided by (used in) financing activities | $ | — | | | $ | — | | | $ | 100 | | | $ | (100 | ) | | $ | — | | |
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