Exhibit 99.1
ITEM 6. SELECTED FINANCIAL DATA
Year Ended September 30, | ||||||||||||||||||||
(Thousands of dollars, except per share amounts) | 2009 | 2008 | 2007 | 2006 | 2005 | |||||||||||||||
FOR THE PERIOD: | ||||||||||||||||||||
Income statement data: | ||||||||||||||||||||
Revenues | $ | 2,260,095 | $ | 2,815,189 | $ | 2,277,375 | $ | 2,119,266 | $ | 1,963,256 | ||||||||||
Net income | $ | 227,610 | $ | 160,306 | $ | 193,397 | $ | 92,698 | $ | 62,263 | ||||||||||
Less: net income attributable to noncontrolling interests | (2,967 | ) | (2,287 | ) | (2,613 | ) | (1,540 | ) | (1,418 | ) | ||||||||||
Net income attributable to AmeriGas Partners, L.P. | $ | 224,643 | $ | 158,019 | $ | 190,784 | $ | 91,158 | $ | 60,845 | ||||||||||
Limited partners’ interest in net income attributable to AmeriGas Partners, L.P. | $ | 217,906 | $ | 155,741 | $ | 185,184 | $ | 90,246 | $ | 60,237 | ||||||||||
Income per limited partner unit — basic and diluted (a) | $ | 3.59 | $ | 2.70 | $ | 3.15 | $ | 1.59 | $ | 1.10 | ||||||||||
Cash distributions declared per limited partner unit | $ | 2.79 | $ | 2.50 | $ | 2.63 | $ | 2.28 | $ | 2.22 | ||||||||||
AT PERIOD END: | ||||||||||||||||||||
Balance sheet data: | ||||||||||||||||||||
Current assets | $ | 316,507 | $ | 425,096 | $ | 375,020 | $ | 368,209 | $ | 417,740 | ||||||||||
Total assets | $ | 1,657,564 | $ | 1,725,073 | $ | 1,696,784 | $ | 1,611,767 | $ | 1,663,075 | ||||||||||
Current liabilities (excluding debt) | $ | 338,380 | $ | 461,095 | $ | 376,668 | $ | 378,331 | $ | 338,928 | ||||||||||
Total debt | $ | 865,644 | $ | 933,390 | $ | 933,042 | $ | 933,746 | $ | 913,502 | ||||||||||
Partners’ capital: | ||||||||||||||||||||
AmeriGas Partners, L. P. partners’ capital | $ | 364,459 | $ | 247,375 | $ | 311,228 | $ | 221,503 | $ | 337,417 | ||||||||||
Noncontrolling interests | 11,866 | 10,723 | 11,386 | 10,448 | 8,570 | |||||||||||||||
Total partners’ capital | $ | 376,325 | $ | 258,098 | $ | 322,614 | $ | 231,951 | $ | 345,987 | ||||||||||
OTHER DATA: | ||||||||||||||||||||
Capital expenditure (including capital leases) | $ | 78,739 | $ | 62,756 | $ | 73,764 | $ | 70,915 | $ | 63,584 | ||||||||||
Retail propane gallons sold (millions) | 928.2 | 993.2 | 1,006.7 | 975.2 | 1,034.9 | |||||||||||||||
Degree days — % (warmer) than normal (b) | (2.5% | ) | (3.0% | ) | (6.5% | ) | (10.2% | ) | (6.9% | ) |
(a) | Calculated in accordance with accounting guidance regarding the application of the two-class method for determining earnings per share as it relates to master limited partnerships. | |
(b) | Deviation from average heating degree days for the 30-year period of 1971-2000 based upon national weather statistics provided by the National Oceanic and Atmospheric Administration (“NOAA”) for 335 airports in the United States, excluding Alaska. Fiscal 2008 has been adjusted to correct for a NOAA error. |