Summary
This 8-K filing from Energy Transfer LP (ET), filed on June 5, 2012, primarily serves to provide investors with unaudited pro forma condensed consolidated financial information. This information is crucial for understanding the potential financial position and performance of Energy Transfer LP as if certain significant transactions, likely related to the acquisition of Southern Union Company (as evidenced by the inclusion of their financial statements), had occurred at an earlier date. Investors should examine these pro forma statements to better assess the combined entity's financial health, leverage, and earnings potential post-acquisition.
Key Highlights
- 1Filing includes unaudited pro forma condensed consolidated balance sheet as of December 31, 2011.
- 2Filing includes unaudited pro forma condensed consolidated statement of operations for the year ended December 31, 2011.
- 3The pro forma financial information is prepared in accordance with Article 11 of Regulation S-X.
- 4Notes to the pro forma financial statements are provided for additional context.
- 5Exhibit 99.2 includes consolidated financial statements for Southern Union Company and its subsidiaries for the years ended December 31, 2011, 2010, and 2009.
- 6Consent from PricewaterhouseCoopers LLP (Exhibit 23.1) is included.
Frequently Asked Questions
The primary purpose of this filing is to present unaudited pro forma condensed consolidated financial information, allowing investors to see the potential financial impact of significant business events, likely a merger or acquisition, as if they had occurred at an earlier date.
Pro forma financial statements present hypothetical financial situations. For investors, they are important because they help to illustrate the financial condition and results of operations of a company after giving effect to significant events like mergers, acquisitions, divestitures, or other corporate reorganizations, providing a clearer picture of the combined or future entity's financial profile.
No, this filing specifically includes unaudited pro forma condensed consolidated financial statements. Audited financial statements for Energy Transfer LP itself are typically found in their annual reports (10-K filings) or in separate filings if required.
The inclusion of Southern Union Company's financial statements, along with the pro forma information, strongly suggests that Energy Transfer LP completed or was in the process of completing an acquisition or business combination involving Southern Union Company. This allows investors to analyze the historical performance of the acquired entity.