Millions of Dollars | |||||||||
2013 | 2012 | 2011 | |||||||
Operating revenues and other income (a) | $ | 7,907 | 8,226 | 9,024 | |||||
Gain on dispositions (b) | — | — | 156 | ||||||
Purchases (c) | 18,320 | 22,446 | 34,554 | ||||||
Operating expenses and selling, general and administrative expenses (d) | 109 | 208 | 361 | ||||||
Net interest expense (e) | 8 | 8 | 10 | ||||||
(a) | We sold crude oil to MRC. NGL and other petrochemical feedstocks, along with solvents, were sold to CPChem, and gas oil and hydrogen feedstocks were sold to Excel. Certain feedstocks and intermediate products were sold to WRB. We also acted as agent for WRB in supplying other crude oil and feedstocks, wherein the transactional amounts did not impact operating revenues. In addition, we charged several of our affiliates, including CPChem and MSLP, for the use of common facilities, such as steam generators, waste and water treaters, and warehouse facilities. |
(b) | In 2011, we sold the Seaway Products Pipeline Company to DCP Midstream for cash proceeds of $400 million, resulting in a before-tax gain of $156 million. |
(c) | We purchased refined products from WRB. We also acted as agent for WRB in distributing asphalt and solvents, wherein the transactional amounts did not impact purchases. We purchased natural gas and NGL from DCP Midstream and CPChem for use in our refinery processes and other feedstocks from various affiliates. We purchased refined products from MRC. We also paid fees to various pipeline equity companies for transporting finished refined products. In addition, we paid a price upgrade to MSLP for heavy crude processing. We purchased base oils and fuel products from Excel for use in our refining and specialty businesses. |
(d) | We paid utility and processing fees to various affiliates. |
(e) | We incurred interest expense on a note payable to MSLP. See Note 6—Investments, Loans and Long-Term Receivables and Note 12—Debt, for additional information on loans with affiliated companies. |