CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified

12 Months Ended

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2010

Revenue:

Natural gas sales

$ 360,340

^[1]

$ 452,726

^[1]

$ 381,453

^[1]

Natural gas liquids sales

814,916

723,063

490,980

Transportation, compression and processing fees

192,270

^[1],[2]

121,631

^[1],[2]

68,398

^[1],[2]

Condensate and other

50,194

^[1]

47,803

^[1]

54,333

^[1]

Total revenue

1,417,720

1,345,223

995,164

Costs and expenses:

Cost of natural gas and natural gas liquids

1,105,415

^[1],[2],[3]

1,068,423

^[1],[2],[3]

745,074

^[1],[2],[3]

Transportation

25,199

^[1],[2],[3]

24,225

^[1],[2],[3]

22,701

^[1],[2],[3]

Operations and maintenance

77,943

65,326

53,487

Depreciation and amortization

77,104

69,156

62,572

Impairment

29,486

8,409

General and administrative

50,648

48,680

40,347

Taxes other than income

7,392

5,130

4,726

Equity in loss from unconsolidated affiliates

137,088

145,324

20,480

Gain on sale of operating assets

(9,941)

Total costs and expenses

1,500,334

1,434,673

949,387

Operating (loss) income

(82,614)

(89,450)

45,777

Other income (expense):

Interest and other income

586

Loss on refinancing of unsecured debt

(18,233)

Interest and other financing costs

(55,264)

(47,187)

(53,605)

Loss before income taxes

(137,292)

(154,810)

(7,750)

Provision for income taxes

(1,678)

(1,502)

(931)

Net loss

(138,970)

(156,312)

(8,681)

Preferred unit distributions

(36,117)

(32,721)

(15,188)

Net loss to common units

$ (175,087)

$ (189,033)

$ (23,869)

Basic and diluted net loss per common unit (in dollars per unit)

$ (2.39)

$ (2.86)

$ (0.37)

Weighted average number of common units - basic and diluted

73,225

66,169

63,854

Distributions declared per common unit (in dollars per unit)

$ 2.30

[1]	Inclusive of related party transactions discussed in Note 7.
[2]	Inclusive of the following affiliate transactions discussed in Note 7: Transportation, compression and processing fees $17,874 $2,091 $11 Cost of natural gas and natural gas liquids $171,138 $19,290 $518 Transportation $9,514 $6,846 $5,478
[3]	Exclusive of operations and maintenance and depreciation, amortization and impairment shown separately below.

Copano Energy, L.L.C. 10-K