XML 14 R2.htm IDEA: XBRL DOCUMENT v3.4.0.3
Consolidated Statements Of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Transportation and terminals revenue $ 370,075 $ 353,812
Product sales revenue 146,562 173,127
Affiliate management fee revenue 3,179 3,363
Total revenue 519,816 530,302
Costs and expenses:    
Operating 123,233 106,707
Cost of product sales 113,585 136,179
Depreciation and amortization 43,754 41,697
General and administrative 40,874 35,498
Total costs and expenses 321,446 320,081
Earnings of non-controlled entities 17,628 9,590
Operating profit 215,998 219,811
Interest expense 43,724 37,194
Interest income (361) (349)
Interest capitalized (6,136) (2,107)
Gain on exchange of interest in non-controlled entity (26,900) 0
Other expense (income) (2,270) 279
Income before provision for income taxes 207,941 184,794
Provision for income taxes 871 1,158
Net income $ 207,070 $ 183,636
Basic net income per limited partner unit $ 0.91 $ 0.81
Diluted net income per limited partner unit $ 0.91 $ 0.81
Weighted average number of limited partner units outstanding used for basic net income per unit calculation(1) [1] 227,826 227,525
Weighted average number of limited partner units outstanding used for diluted net income per unit calculation(1) [1] 227,849 227,525
[1] See Note 10–Long-Term Incentive Plan for additional information regarding our weighted average unit calculations.