XML 60 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements Of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
REVENUES:        
Supply And Logistics Revenues $ 939,056 $ 994,681 $ 1,883,662 $ 1,939,226
Refinery Services Revenues 52,801 51,476 106,994 100,960
Pipeline Transportation Services Revenues 23,192 22,537 44,112 43,316
Total revenues 1,015,049 1,068,694 2,034,768 2,083,502
COSTS AND EXPENSES:        
Supply and logistics product costs 844,395 922,711 1,693,657 1,792,555
Supply and logistics operating costs 64,679 45,849 127,771 94,621
Refinery services operating costs 31,148 32,821 64,343 65,264
Pipeline transportation operating costs 8,383 7,145 15,861 14,229
General and administrative 14,696 11,142 26,706 22,753
Depreciation and amortization 20,491 15,665 39,771 30,714
Total costs and expenses 983,792 1,035,333 1,968,109 2,020,136
OPERATING INCOME 31,257 33,361 66,659 63,366
Equity in earnings of equity investees 4,922 5,623 12,740 9,559
Interest Income (Expense), Net (14,069) (12,255) (26,873) (23,696)
Income from continuing operations before income taxes 22,110 26,729 52,526 49,229
Income tax benefit (expense) (962) (117) (1,603) 86
Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest 21,148 26,612 50,923 49,315
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest 0 290 0 433
NET INCOME $ 21,148 $ 26,902 $ 50,923 $ 49,748
NET INCOME PER COMMON UNIT:        
Income (Loss) from Continuing Operations, Per Outstanding Limited Partnership Unit, Basic, Net of Tax $ 0.24 $ 0.32 $ 0.57 $ 0.60
Income (Loss) from Discontinued Operations, Net of Tax, Per Outstanding Limited Partnership Unit, Basic $ 0.00 $ 0.01 $ 0.00 $ 0.01
Basic and Diluted $ 0.24 $ 0.33 $ 0.57 $ 0.61
WEIGHTED AVERAGE OUTSTANDING COMMON UNITS:        
Basic and Diluted 88,691 81,973 88,691 81,590