XML 92 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 31, 2011
Sep. 30, 2011
Jun. 30, 2011
Mar. 31, 2011
Dec. 31, 2010
Sep. 30, 2010
Jun. 30, 2010
Mar. 31, 2010
Dec. 31, 2009
Sep. 30, 2009
Jun. 30, 2009
Mar. 31, 2009
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Revenue:                              
Revenue                         $ 1,534,434 $ 1,241,563 $ 858,635
Derivative loss                         (29,035) (53,932) (120,352)
Total revenue 333,913 507,826 400,439 263,221 299,991 255,411 323,850 308,379         1,505,399 1,187,631 738,283
Operating expenses:                              
Purchased product costs                         682,370 578,627 408,826
Derivative loss related to purchased product costs                         52,960 27,713 68,883
Facility expenses                         173,598 151,449 126,977
Derivative gain related to facility expenses                         (6,480) (1,295) (373)
Selling, general and administrative expenses                         81,229 75,258 63,728
Depreciation                         149,954 123,198 95,537
Amortization of intangible assets                         43,617 40,833 40,831
Loss on disposal of property, plant and equipment                         8,797 3,149 1,677
Accretion of asset retirement obligations                         1,190 237 198
Impairment of goodwill and long-lived assets                             5,855
Total operating expenses                         1,187,235 999,169 812,139
Income (loss) from operations (7,557) 207,801 133,214 (15,294) 25,172 646 109,071 53,573         318,164 188,462 (73,856)
Other income (expense):                              
(Loss) earnings from unconsolidated affiliates                         (1,095) 1,562 3,505
Gain on sale of unconsolidated affiliate                             6,801
Interest income                         422 1,670 349
Interest expense                         (113,631) (103,873) (87,419)
Amortization of deferred financing costs and discount (a component of interest expense)                         (5,114) (10,264) (9,718)
Derivative gain related to interest expense                           1,871 2,509
Loss on redemption of debt (35,500)     (43,300) (46,300)               (78,996) (46,326)  
Miscellaneous income, net                         144 1,189 2,459
Income (loss) before provision for income tax                         119,894 34,291 (155,370)
Provision for income tax expense (benefit):                              
Current                         17,578 7,655 8,072
Deferred                         (3,929) (4,466) (50,088)
Total provision for income tax                         13,649 3,189 (42,016)
Net income (loss) (61,743) 153,454 89,205 (74,671) (43,194) (18,676) 66,968 26,004         106,245 31,102 (113,354)
Net income attributable to non-controlling interest                         (45,550) (30,635) (5,314)
Net income (loss) attributable to the Partnership $ (74,085) $ 140,312 $ 78,497 $ (84,029) $ (54,109) $ (27,151) $ 60,217 $ 21,510         $ 60,695 $ 467 $ (118,668)
Net income (loss) attributable to the Partnership's common unitholders per common unit (Note 23):                              
Basic (in dollars per unit) $ (0.87) $ 1.77 $ 1.03 $ (1.13) $ (0.76) $ (0.39) $ 0.84 $ 0.32         $ 0.75 $ (0.01) $ (1.97)
Diluted (in dollars per unit) $ (0.87) $ 1.77 $ 1.03 $ (1.13) $ (0.76) $ (0.39) $ 0.84 $ 0.32         $ 0.75 $ (0.01) $ (1.97)
Weighted average number of outstanding common units:                              
Basic (in units)                         78,466 70,128 60,957
Diluted (in units)                         78,619 70,128 60,957
Cash distribution declared per common unit (in dollars per unit) $ 0.76 $ 0.73 $ 0.70 $ 0.67 $ 0.65 $ 0.64 $ 0.64 $ 0.64 $ 0.64 $ 0.64 $ 0.64 $ 0.64 $ 2.75 $ 2.56 $ 2.56