For the year, distributable cash flow before certain items was $1.78 billion, up 17 percent from $1.53 billion for 2011. Distributable cash flow per unit before certain items was $5.07 compared to $4.68 per unit for the same period last year. Net income before certain items was $2.24 billion compared to $1.76 billion for 2011. Including certain items, net income was $1.36 billion versus $1.27 billion last year. Certain items for the year totaled a net loss of $888 million versus a net loss of $491 million for the comparable period in 2011. The certain items in 2012 were primarily attributable to the loss on disposal and re-measurement of discontinued operations to fair value related to the KMP assets that were divested in order to obtain Federal Trade Commission approval for Kinder Morgan, Inc.’s (NYSE: KMI) acquisition of El Paso Corporation.Overview of Business Segments
Kinder Morgan Energy Partners Distributes $4.98 Per Unit For 2012 – Meets Annual Budget
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