SOUTHERN NATURAL GAS COMPANY, L.L.C.

CIK:0000092232|SEC Filings

Condensed Consolidated Statements of Income (Unaudited) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2012	Mar. 31, 2011
Condensed Consolidated Statements of Income [Abstract]
Operating revenues	$ 146	$ 145
Operating expenses
Operation and maintenance	39	34
Depreciation and amortization	16	15
Taxes, other than income taxes	8	8
Total operating expenses	63	57
Operating income	83	88
Earnings from unconsolidated affiliate	3	4
Other income	1	2
Interest and debt expense, net	(19)	(16)
Affiliated interest income, net	1	0
Net income	$ 69	$ 78

Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2012	Mar. 31, 2011
Cash flows from operating activities
Net income	$ 69	$ 78
Adjustments to reconcile net income to net cash from operating activities
Depreciation and amortization	16	15
Earnings from unconsolidated affiliate, adjusted for cash distributions	0	(3)
Other non-cash income items	0	(1)
Asset and liability changes	(2)	(1)
Net cash provided by operating activities	83	88
Cash flows from investing activities
Capital expenditures	(18)	(51)
Net change in note receivable from affiliate	0	(4)
Other	(3)	3
Net cash used in investing activities	(21)	(52)
Cash flows from financing activities
Net change in note payable to affiliate	0	(12)
Contributions from partners	0	25
Distributions to member/partners	(60)	(47)
Net cash used in financing activities	(60)	(34)
Net change in cash and cash equivalents	2	2
Cash and cash equivalents
Beginning of period	3	4
End of period	$ 5	$ 6

Condensed Consolidated Balance Sheets (Unaudited) (USD $) In Millions, unless otherwise specified	Mar. 31, 2012	Dec. 31, 2011
Current assets
Cash and cash equivalents	$ 5	$ 3
Accounts and note receivable
Customer, net of allowance	1	1
Affiliates	25	36
Other	24	31
Materials and supplies	17	16
Assets held for sale	50	50
Regulatory assets	15	16
Other	2	0
Total current assets	139	153
Property, plant and equipment, at cost	3,676	3,666
Less accumulated depreciation and amortization	1,128	1,133
Total property, plant and equipment, net	2,548	2,533
Other long-term assets
Investment in unconsolidated affiliate	57	57
Note receivable from affiliate	210	197
Regulatory assets	81	88
Other	17	17
Total other long-term assets	365	359
Total assets	3,052	3,045
Accounts and note payable
Trade	32	33
Affiliates	13	19
Other	14	15
Taxes payable	8	6
Accrued interest	22	19
Contractual deposits	5	7
Asset retirement obligations	11	12
Other	4	1
Total current liabilities	109	112
Long-term debt	1,210	1,210
Other long-term liabilities	31	30
Commitments and contingencies (Note 3)
Member's equity	1,702	1,693
Total liabilities and member's equity	$ 3,052	$ 3,045