• | the Partnership's results of operations excluding the operations of EMH; |
• | the results of operations of 100% of EMH on a stand-alone basis; |
• | the elimination of the 50% of the net income of EMH attributable to the non-controlling interest in EMH held by EnLink Midstream, LLC; and |
• | the Partnership's results of operations on a consolidated basis. |
Three Months Ended June 30, 2014 | ||||||||||||||||
Partnership Excluding EMH | EMH | Eliminations | Partnership Consolidated | |||||||||||||
(in millions) | ||||||||||||||||
Revenues: | ||||||||||||||||
Revenues | $ | 751.8 | $ | — | $ | — | $ | 751.8 | ||||||||
Revenues - affiliates | 16.0 | 157.8 | — | 173.8 | ||||||||||||
Loss on derivative activity | (1.6 | ) | — | — | (1.6 | ) | ||||||||||
Total revenues | 766.2 | 157.8 | — | 924.0 | ||||||||||||
Operating costs and expenses: | ||||||||||||||||
Purchased gas, NGLs, condensate and crude oil | 661.9 | — | — | 661.9 | ||||||||||||
Operating expenses | 39.3 | 32.2 | — | 71.5 | ||||||||||||
General and administrative | 16.1 | 8.7 | — | 24.8 | ||||||||||||
Depreciation and amortization | 38.0 | 34.7 | — | 72.7 | ||||||||||||
Total operating costs and expenses | 755.3 | 75.6 | — | 830.9 | ||||||||||||
Operating income | 10.9 | 82.2 | — | 93.1 | ||||||||||||
Other income (expense): | ||||||||||||||||
Interest expense, net of interest income | (13.0 | ) | — | — | (13.0 | ) | ||||||||||
Income from equity investments | 0.6 | 3.9 | — | 4.5 | ||||||||||||
Gain on extinguishment of debt | 0.8 | — | — | 0.8 | ||||||||||||
Other expense | (0.1 | ) | — | — | (0.1 | ) | ||||||||||
Total other income (expense) | (11.7 | ) | 3.9 | — | (7.8 | ) | ||||||||||
Income (expense) from continuing operations before non-controlling interest and income taxes | (0.8 | ) | 86.1 | — | 85.3 | |||||||||||
Income tax provision | (0.6 | ) | (0.6 | ) | — | (1.2 | ) | |||||||||
Net income (loss) | (1.4 | ) | 85.5 | — | 84.1 | |||||||||||
Net income attributable to the non-controlling interest | — | — | 42.7 | 42.7 | ||||||||||||
Net income (loss) attributable to EnLink Midstream Partners, LP | $ | (1.4 | ) | $ | 85.5 | $ | (42.7 | ) | $ | 41.4 |