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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenues:      
Affiliates $ 292,221 $ 275,196 $ 252,368
Third parties 66,654 57,349 52,814
Total revenues 358,875 332,545 305,182
Operating costs and expenses:      
Operations (exclusive of depreciation and amortization) 103,308 104,801 99,444
Depreciation and amortization 62,852 62,166 65,423
General and administrative 12,556 10,824 11,749
Total operating costs and expenses 178,716 177,791 176,616
Operating income 180,159 154,754 128,566
Other income (expense):      
Equity in earnings of equity method investments 4,803 2,987 2,826
Interest expense (37,418) (36,101) (47,010)
Interest Income 526 3 161
Loss on early extinguishment of debt 0 (7,677) 0
Gain on sale of assets 375 0 1,810
Other Income 111 82 61
Total other income (expense) (31,603) (40,706) (42,152)
Income before Income Taxes 148,556 114,048 86,414
State income tax expense (228) (235) (333)
Net Income 148,328 113,813 86,081
Allocation of net income (loss) attributable to noncontrolling interest (11,120) (8,288) (6,632)
Net income attributable to Holly Energy Partners 137,208 105,525 79,449
General partner interest in net income, including incentive distributions (42,337) (34,667) (27,523)
Limited partners’ interest in net income $ 94,871 $ 70,858 $ 51,926
Limited partners’ per unit interest in earnings—basic and diluted: $ 1.60 $ 1.20 $ 0.88
Weighted average limited partners’ units outstanding 58,657 58,657 58,246