Boardwalk Pipeline Partners: (NYSE: BWP)

Zacks Rank: 3-Hold

Balance Sheet

Annual Balance Sheet

Fiscal Year End for BOARDWALK PIPLN falls in the month of December.

All items in Millions except Per Share data.

	12/31/12	12/31/11	12/31/10	12/31/09	12/31/08
Assets
Cash & Equivalents	4	12	55	46	313
Receivables	121	124	118	119	99
Notes Receivable	0	0	0	0	0
Inventories	0	0	0	0	3
Other Current Assets	28	27	30	26	38
Total Current Assets	153	163	203	191	452
Net Property & Equipment	7,189	6,163	6,258	6,278	5,900
Investments & Advances	0	70	0	0	0
Other Non-Current Assets	0	0	0	0	0
Deferred Charges	0	0	0	0	0
Intangibles	271	164	164	164	164
Deposits & Other Assets	249	211	253	264	206
Total Assets	7,863	6,771	6,878	6,896	6,722

Liabilities & Shareholders Equity	12/31/12	12/31/11	12/31/10	12/31/09	12/31/08
Notes Payable	0	0	0	0	0
Accounts Payable	70	43	49	58	216
Current Portion Long-Term Debt	0	0	0	0	0
Current Portion Capital Leases	0	0	0	0	0
Accrued Expenses	68	64	58	58	56
Income Taxes Payable	41	41	40	41	35
Other Current Liabilities	78	45	67	93	126
Total Current Liabilities	256	192	214	251	434
Mortgages	0	0	0	0	0
Deferred Taxes/Income	0	0	0	0	0
Convertible Debt	0	0	0	0	0
Long-Term Debt	3,539	3,199	3,252	3,100	2,889
Non-Current Capital Leases	0	0	0	0	0
Other Non-Current Liabilities	190	175	171	181	153
Minority Interest (Liabilities)	0	0	0	0	0
Total Liabilities	3,985	3,565	3,637	3,532	3,477

Shareholders Equity	12/31/12	12/31/11	12/31/10	12/31/09	12/31/08
Preferred Stock	0	0	0	0	0
Common Stock (Par)	3,869	3,193	3,218	3,324	3,198
Capital Surplus	0	0	0	0	0
Retained Earnings	0	0	0	0	0
Other Equity	9	13	23	40	47
Treasury Stock	0	0	0	0	0
Total Shareholder's Equity	3,877	3,205	3,241	3,364	3,245
Total Liabilities & Shareholder's Equity	7,863	6,771	6,878	6,896	6,722
Total Common Equity	3,877	3,205	3,241	3,364	3,245
Shares Outstanding	230.50	198.50	192.50	192.50	177.80
Book Value Per Share	16.82	16.15	16.84	17.48	18.25

Fiscal Year End for BOARDWALK PIPLN falls in the month of December.

All items in Millions except Per Share data.

	03/31/13	12/31/12	09/30/12	06/30/12	03/31/12
Assets
Cash & Equivalents	4	4	11	11	4
Receivables	119	121	97	99	118
Notes Receivable	0	0	0	0	0
Inventories	0	0	0	0	0
Other Current Assets	17	28	32	34	23
Total Current Assets	140	153	140	144	145
Net Property & Equipment	7,187	7,189	6,594	6,608	6,608
Investments & Advances	0	0	0	0	0
Other Non-Current Assets	0	0	0	0	0
Deferred Charges	0	0	0	0	0
Intangibles	271	271	215	215	215
Deposits & Other Assets	246	249	225	228	223
Total Assets	7,844	7,863	7,174	7,195	7,190

Liabilities & Shareholders Equity	03/31/13	12/31/12	09/30/12	06/30/12	03/31/12
Notes Payable	0	0	0	0	0
Accounts Payable	43	70	35	31	42
Current Portion Long-Term Debt	0	0	0	0	0
Current Portion Capital Leases	0	0	0	0	0
Accrued Expenses	51	68	52	62	41
Income Taxes Payable	26	41	64	46	27
Other Current Liabilities	73	78	63	59	40
Total Current Liabilities	193	256	214	197	150
Mortgages	0	0	0	0	0
Deferred Taxes/Income	0	0	0	0	0
Convertible Debt	0	0	0	0	0
Long-Term Debt	3,608	3,539	3,164	3,453	3,439
Non-Current Capital Leases	0	0	0	0	0
Other Non-Current Liabilities	199	190	172	172	171
Minority Interest (Liabilities)	0	0	0	0	0
Total Liabilities	4,000	3,985	3,549	3,823	3,760

Shareholders Equity	03/31/13	12/31/12	09/30/12	06/30/12	03/31/12
Preferred Stock	0	0	0	0	0
Common Stock (Par)	3,843	3,869	3,615	3,365	3,414
Capital Surplus	0	0	0	0	0
Retained Earnings	0	0	0	0	0
Other Equity	2	9	10	7	17
Treasury Stock	0	0	0	0	0
Total Shareholder's Equity	3,844	3,877	3,625	3,372	3,430
Total Liabilities & Shareholder's Equity	7,844	7,863	7,174	7,195	7,190
Total Common Equity	3,844	3,877	3,625	3,372	3,430
Shares Outstanding	230.50	230.50	207.70	207.70	207.70
Book Value Per Share	16.68	16.82	17.45	16.23	16.52