SOUTHERN UNION CO

CIK:0000203248|SEC Filings

Accumulated Other Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2013

Statement of Other Comprehensive Income [Abstract]

ACCUMULATED OTHER COMPREHENSIVE LOSS:

The table below presents the components in accumulated other comprehensive loss, net of tax:



	September 30, 2013			December 31, 2012
Commodity hedges	$	—		$	(3	)
Benefit plans:
Net actuarial loss and prior service costs — pensions	(2		)	(11		)
Net actuarial gain and prior service credit — OPEB plans	(10		)	(11		)
Total accumulated other comprehensive loss, net of tax	$	(12	)	$	(25	)

CONSOLIDATED STATEMENTS OF CASH FLOWS (Segment, Continuing Operations [Member], USD $) In Millions, unless otherwise specified	6 Months Ended	9 Months Ended	3 Months Ended	9 Months Ended
	Sep. 30, 2012 Successor [Member]	Sep. 30, 2013 Successor [Member]	Mar. 25, 2012 Predecessor [Member]	Sep. 30, 2013 SUGS [Member] Successor [Member]	Sep. 30, 2013 Missouri Gas Energy [Member] Successor [Member]	Sep. 30, 2013 ETP [Member] Successor [Member]
Cash flows from operating activities:
Net income (loss)	$ (10)	$ 134	$ 50
Adjustments to reconcile net income to net cash flows provided by operating activities:
Depreciation and amortization	155	147	57
Deferred Income Taxes	26	99	23
Provision for bad debts	6	7	1
Amortization of costs charged to interest	(17)	(25)	1
Net gain on curtailment of OPEB plans	(15)	0	0
Unrealized loss (gain) on derivatives	15	(27)	0
Non-cash compensation expense	0	5	2
Earnings from unconsolidated investments, net of cash distributions	5	0	(16)
Gain on sale of MGE, net of tax		(3)
Other Noncash Income (Expense)	0		0
Changes in operating assets and liabilities, net of merger and contribution impact	(188)	30	79
Net cash flows provided by (used in) operating activities	(23)	367	197
Cash flows from investing activities:
Proceeds from SUGS Contribution				463	973
Additions to property, plant and equipment	(138)	(193)	(60)
Loan repayment from unconsolidated investments	0	0	37
Distributions from unconsolidated affiliates in excess of cumulative earnings	0	21	0
Proceeds from Citrus Merger	0	0	1,895
Plant retirements and other	(3)	(4)	(2)
Net cash flows provided by (used in) investing activities	(141)	1,260	1,870
Cash flows from financing activities:
Issuance of long-term debt	0	0	455
Dividends paid	(65)	(313)	(19)
Note payable - related party	221	0	0			1,669
Payments on note payable - related party	(55)	0	0			(975)
Repayment of long-term debt	0	(1,795)	(1,048)
Net change in revolving credit facilities	39	(210)	12
Purchase of treasury stock	0	0	(1,453)
Other	(6)	(8)	(1)
Net cash flows provided by (used in) financing activities	134	(1,632)	(2,054)
Change in cash and cash equivalents	(30)	(5)	13
Cash and cash equivalents, beginning of period	37	49	24
Cash and cash equivalents, end of period	$ 7	$ 44	$ 37

CONSOLIDATED BALANCE SHEETS (USD $) In Millions, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012
Current assets:
Cash and cash equivalents	$ 44	$ 49
Accounts receivable, net	72	155
Accounts receivable from related companies	71	72
Inventories	165	163
Exchanges receivable	8	11
Current assets held for sale	16	184
Prepayments and other assets	12	120
Total current assets	388	754
Property, plant and equipment:
Plant in service	4,166	5,491
Construction work in progress	59	272
Property, plant and equipment, gross	4,225	5,763
Less: Accumulated depreciation and amortization	(180)	(105)
Net property, plant and equipment	4,045	5,658
Non-Current Assets Held for Sale	145	985
Deferred charges	68	65
Unconsolidated investments	1,542	115
Goodwill	2,025	2,364
Note Receivable From Related Party	396	0
Other Non-Current Assets	57	52
Total assets	8,666	9,993
Current liabilities:
Current maturities of long–term debt	1	259
Accounts payable and accrued liabilities	156	118
Accounts payable to related companies	138	110
Federal, state and local taxes payable	25	16
Accrued interest	24	32
Exchanges payable	153	133
Derivative instruments	16	18
Current liabilities held for sale	13	85
Other	73	108
Total current liabilities	599	879
Long–term debt, less current maturities	1,252	3,024
NOTE PAYABLE TO RELATED PARTY	1,090	0
Deferred credits	284	330
Deferred income taxes	1,649	1,590
Non-current liabilities held for sale	70	142
Commitments and contingencies
Stockholder's equity:
Premium on capital stock	3,939	4,079
Accumulated other comprehensive loss	(12)	(25)
Accumulated deficit	(205)	(26)
Total stockholder's equity	3,722	4,028
Total liabilities and stockholder's equity	$ 8,666	$ 9,993