Three Months Ended March 31, 2019 Total Eliminations AmeriGas Propane UGI International Midstream &amp; Marketing UGI Utilities Corporate &amp; Other (b) Revenues $ 2,606.1 $  $ 971.6 $ 783.2 $ 443.6 $ 404.3 $ 3.4 Intersegment revenues $  $ (124.8 ) (c) $  $  $ 98.8 $ 25.3 $ 0.7 Cost of sales $ 1,426.9 $ (123.6 ) (c) $ 435.2 $ 444.7 $ 449.3 $ 218.0 $ 3.3 Segment profit: Operating income (loss) $ 538.8 $ (0.4 ) $ 246.4 $ 126.9 $ 51.3 $ 119.9 $ (5.3 ) Income from equity investees 1.6   0.1 1.5 (d)   Other non-operating income, net 7.9   3.1  0.4 4.4 Interest expense (61.0 )  (42.2 ) (6.1 ) (0.5 ) (12.2 )  Income (loss) before income taxes $ 487.3 $ (0.4 ) $ 204.2 $ 124.0 $ 52.3 $ 108.1 $ (0.9 ) Partnership Adjusted EBITDA (a) $ 290.3 Noncontrolling interests net income $ 151.3 $  $ 138.7 $ 0.2 $  $  $ 12.4 Depreciation and amortization $ 108.9 $ (0.1 ) $ 44.3 $ 30.6 $ 11.5 $ 22.3 $ 0.3 Capital expenditures (including the effects of accruals) $ 151.2 $  $ 25.8 $ 22.1 $ 32.3 $ 70.8 $ 0.2 Three Months Ended March 31, 2018 Total Eliminations AmeriGas Propane UGI International Midstream &amp; Marketing UGI Utilities Corporate &amp; Other (b) Revenues $ 2,812.0 $  $ 1,040.3 $ 909.6 $ 436.2 $ 424.6 $ 1.3 Intersegment revenues $  $ (188.9 ) (c) $  $  $ 129.0 $ 58.7 $ 1.2 Cost of sales $ 1,560.2 $ (187.9 ) (c) $ 483.7 $ 541.1 $ 418.6 $ 257.3 $ 47.4 Segment profit: Operating income (loss) (e) $ 591.0 $ 0.3 $ 266.6 $ 132.0 $ 107.6 $ 135.7 $ (51.2 ) Income (loss) from equity investees 0.7   (0.1 ) 0.8 (d)   Other non-operating expense, net (e) (12.5 )   (9.2 ) (0.1 ) (0.6 ) (2.6 ) Interest expense (58.1 )  (41.0 ) (5.2 ) (0.7 ) (11.1 ) (0.1 ) Income (loss) before income taxes $ 521.1 $ 0.3 $ 225.6 $ 117.5 $ 107.6 $ 124.0 $ (53.9 ) Partnership Adjusted EBITDA (a) $ 309.5 Noncontrolling interests net income (loss) $ 131.7 $  $ 155.7 $ (1.2 ) $  $  $ (22.8 ) Depreciation and amortization $ 112.2 $ (0.1 ) $ 45.2 $ 34.9 $ 10.8 $ 21.1 $ 0.3 Capital expenditures (including the effects of accruals) $ 110.1 $  $ 23.6 $ 26.1 $ 4.3 $ 55.1 $ 1.0 Six Months Ended March 31, 2019 Total Eliminations AmeriGas Propane UGI International Midstream &amp; Marketing UGI Utilities Corporate &amp; Other (b) Revenues $ 4,806.3 $  $ 1,791.8 $ 1,493.9 $ 816.1 $ 703.4 $ 1.1 Intersegment revenues $  $ (236.4 ) (c) $  $  $ 185.7 $ 48.9 $ 1.8 Cost of sales $ 2,851.9 $ (234.4 ) (c) $ 813.7 $ 893.3 $ 826.8 $ 377.5 $ 175.0 Segment profit: Operating income (loss) $ 706.5 $  $ 413.0 $ 185.2 $ 92.4 $ 196.9 $ (181.0 ) Income from equity investees 3.1   0.1 3.0 (d)   Loss on extinguishments of debt (6.1 )   (6.1 )    Other non-operating income, net 16.9   3.8  0.8 12.3 Interest expense (121.2 )  (84.6 ) (11.5 ) (1.0 ) (23.9 ) (0.2 ) Income (loss) before income taxes $ 599.2 $  $ 328.4 $ 171.5 $ 94.4 $ 173.8 $ (168.9 ) Partnership Adjusted EBITDA (a) $ 500.9 Noncontrolling interests net income (loss) $ 175.6 $  $ 220.2 $ 0.3 $  $  $ (44.9 ) Depreciation and amortization $ 220.1 $ (0.1 ) $ 90.0 $ 62.0 $ 23.0 $ 44.8 $ 0.4 Capital expenditures (including the effects of accruals) $ 313.0 $  $ 56.8 $ 49.9 $ 57.4 $ 148.1 $ 0.8 As of March 31, 2019 Total assets $ 12,350.9 $ (121.5 ) $ 3,978.1 $ 3,229.6 $ 1,500.9 $ 3,438.4 $ 325.4 Short-term borrowings $ 341.0 $  $ 236.0 $  $  $ 105.0 $  Goodwill $ 3,147.8 $  $ 2,003.1 $ 944.8 $ 17.8 $ 182.1 $  Six Months Ended March 31, 2018 Total Eliminations AmeriGas Propane UGI International Midstream &amp; Marketing UGI Utilities Corporate &amp; Other (b) Revenues $ 4,937.2 $  $ 1,827.6 $ 1,693.8 $ 686.0 $ 730.0 $ (0.2 ) Intersegment revenues $  $ (286.0 ) (c) $  $  $ 207.2 $ 76.4 $ 2.4 Cost of sales $ 2,697.6 $ (283.9 ) (c) $ 849.8 $ 1,025.9 $ 657.6 $ 409.1 $ 39.1 Segment profit: Operating income (loss) (e) $ 986.0 $ 0.5 $ 414.5 $ 225.2 $ 161.0 $ 232.6 $ (47.8 ) Income (loss) from equity investees 1.7   (0.3 ) 2.0 (d)   Other non-operating expense, net (e) (20.5 )   (14.0 ) (1.2 ) (1.2 ) (4.1 ) Interest expense (116.3 )  (81.6 ) (10.8 ) (1.6 ) (22.0 ) (0.3 ) Income (loss) before income taxes $ 850.9 $ 0.5 $ 332.9 $ 200.1 $ 160.2 $ 209.4 $ (52.2 ) Partnership Adjusted EBITDA (a) $ 503.6 Noncontrolling interests net income (loss) $ 200.0 $  $ 223.7 $ (1.5 ) $  $  $ (22.2 ) Depreciation and amortization $ 222.5 $ (0.1 ) $ 92.6 $ 67.1 $ 20.9 $ 41.5 $ 0.5 Capital expenditures (including the effects of accruals) $ 238.6 $  $ 47.2 $ 47.8 $ 15.6 $ 126.8 $ 1.2 As of March 31, 2018 Total assets $ 12,445.3 $ (59.4 ) $ 4,149.8 $ 3,562.3 $ 1,347.7 $ 3,204.0 $ 240.9 Short-term borrowings $ 302.8 $  $ 154.5 $ 3.3 $ 10.0 $ 135.0 $  Goodwill $ 3,218.1 $  $ 2,001.3 $ 1,023.2 $ 11.5 $ 182.1 $  (a) The following table provides a reconciliation of Partnership Adjusted EBITDA to AmeriGas Propane income before income taxes: Three Months Ended March 31, Six Months Ended March 31, 2019 2018 2019 2018 Partnership Adjusted EBITDA $ 290.3 $ 309.5 $ 500.9 $ 503.6 Depreciation and amortization (44.3 ) (45.2 ) (90.0 ) (92.6 ) Interest expense (42.2 ) (41.0 ) (84.6 ) (81.6 ) Merger expense (0.9 )  (0.9 )  Noncontrolling interest (i) 1.3 2.3 3.0 3.5 Income before income taxes $ 204.2 $ 225.6 $ 328.4 $ 332.9 (i) Principally represents the General Partners 1.01% interest in AmeriGas OLP. (b) Includes net pre-tax gains (losses) on commodity and certain foreign currency derivative instruments not associated with current-period transactions (including such amounts attributable to noncontrolling interests) totaling $4.7 and $(48.1) for the three months ended March 31, 2019 and 2018 , respectively, and $(161.2) and $(41.5) for the six months ended March 31, 2019 and 2018 , respectively. (c) Represents the elimination of intersegment transactions principally among Midstream &amp; Marketing, UGI Utilities and AmeriGas Propane. (d) Represents AFUDC associated with our PennEast Pipeline equity investment. (e) Amounts reflect the reclassification of non-service income (expense) associated with our pension and other postretirement plans from Operating and administrative expenses to Other non-operating income (expense), net, on the Condensed Consolidated Statements of Income as a result of the adoption of ASU No. 2017-07 (see Note 3).