37
Financial Performance
Deliveringprofitablegrowthand consistent high
returns toour shareholders isoneof our top
commitments.We tryour best tomeet current
challengesdue to thevolatileoil andgasprice
environmentwith significant effortsunderway to
decreaseoperatingexpenses and capital spend.
In2015, throughbetter operational efficiencies
and leverageof our assets and capabilitieswe
managed todecreaseour operatingexpensesby
37%, in comparison to theprevious year.
In2015,we successfully securedafifteen-year
term loan facilityofUSD863millionat ahighly
competitiveprice to refinance the capital
expenditurepreviously fundedbyequity, and
provideenhanced leverage.
EconomicValueDistributed
(DownstreamOperationsOnly) (ThousandsUSD)
2012
2013
2014
2015
Amount Paid inOperatingCosts
1,670,310 1,929,503 2,031,395 1,269,708
Amount Paid toProvidersof Capital
1,413,818 684,895 1,015,454 1,237,711
Amount Paid inSalaries andBenefits toEmployees*
52,114 53,857 53,077 50,716
Amount Paid inCommunity Investments
4,831
3,220 5,305
4,606
Depletion, DepreciationandAmortization
94,218 94,127 96,391
106,627
Plant Revenue (ThousandsUSD)
2012
2013
2014
2015
GasRevenue
2,568,516 2,887,931
3,071,629 2,100,904
CondensateRevenue
953,906 739,006 702,648 436,759
PropaneRevenue
188,753 146,144 135,810 81,625
ButaneRevenue
110,463 86,232 81,652 49,333
EthaneRevenue
29,935 25,774 25,937 27,299
SulfurRevenue
11,713
5,830 8,468 9,300
Direct EconomicContribution
(DownstreamOperationsOnly) (ThousandsUSD)
2012
2013
2014
2015
RevenueplusNet Sales
2,570,101
2,888,698 3,071,789 2,101,113
EconomicValueDistributed
3,235,291
2,765,603 3,201,622 2,669,369
EconomicValueRetained
-665,191
123,095 -129,833 -568,255*
Sales Performance
2012
2013
2014
2015
Sales as aPercentageof Target Forecast (%)
127
117
123
80
*Represents employees inoperations and support; excludes thirdparty contractors.
*Valuesnegativebecauseeconomicvaluedistributed includeddividendsdistributed from retainedearningsof previous year.
