XML 14 R3.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenue:        
Revenue $ 359,849 $ 276,948 $ 708,749 $ 592,563
Derivative gain (loss) 40,590 46,902 (45,089) 39,666
Total revenue 400,439 323,850 663,660 632,229
Operating expenses:        
Purchased product costs 154,580 128,123 308,209 272,419
Derivative (gain) loss related to purchased product costs (254) (8,392) 19,140 4,997
Facility expenses 40,698 37,427 80,122 75,332
Derivative loss (gain) related to facility expenses 2,927 934 (84) 128
Selling, general and administrative expenses 18,580 16,419 40,292 37,927
Depreciation 37,201 29,818 71,565 58,005
Amortization of intangible assets 10,830 10,193 21,647 20,386
Loss on disposal of property, plant and equipment 2,373 188 4,472 179
Accretion of asset retirement obligations 290 69 377 212
Total operating expenses 267,225 214,779 545,740 469,585
Income from operations 133,214 109,071 117,920 162,644
Other (expense) income:        
(Loss) earnings from unconsolidated affiliate (216) 1,585 (755) 1,517
Interest income 63 377 152 763
Interest expense (27,874) (25,755) (56,137) (49,537)
Amortization of deferred financing costs and discount (a component of interest expense) (1,443) (2,280) (2,871) (4,892)
Derivative gain related to interest expense       1,871
Loss on redemption of debt     (43,328)  
Miscellaneous income (expense), net 169 (9) 131 1,053
Income before provision for income tax 103,913 82,989 15,112 113,419
Provision for income tax expense (benefit):        
Current 4,089 923 4,145 6,721
Deferred 10,619 15,098 (3,567) 13,726
Total provision for income tax 14,708 16,021 578 20,447
Net income 89,205 66,968 14,534 92,972
Net income attributable to non-controlling interest (10,708) (6,751) (20,066) (11,245)
Net income (loss) attributable to the Partnership $ 78,497 $ 60,217 $ (5,532) $ 81,727
Net income (loss) attributable to the Partnership's common unitholders per common unit (Note 14):        
Basic (in dollars per unit) $ 1.03 $ 0.84 $ (0.09) $ 1.18
Diluted (in dollars per unit) $ 1.03 $ 0.84 $ (0.09) $ 1.18
Weighted average number of outstanding common units:        
Basic (in units) 75,160 71,111 74,847 68,795
Diluted (in units) 75,266 71,298 74,847 68,889
Cash distribution declared per common unit (in dollars per unit) $ 0.67 $ 0.64 $ 1.32 $ 1.28