XML 113 R2.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Income Statement [Abstract]      
Voyage revenues (notes 6 and 12a) $ 601,256 $ 510,762 $ 432,676
Cost of Goods and Services Sold 21,387 28,237 8,202
Vessel operating expenses (note 12a) (111,585) (117,658) (101,539)
Time-charter hire expense (notes 5b and 12a) (19,994) (7,670) 0
Depreciation and amortization (136,765) (124,378) (105,545)
General and administrative expenses (notes 12a and 17) (22,521) (28,512) (18,141)
Gain (loss) on sales of vessels and write-down of goodwill and vessels (notes 6, 8 and 19) 13,564 (54,653) (50,600)
Restructuring charges (notes 12a and 18) (3,315) (1,845) 0
Income from vessel operations 299,253 147,809 148,649
Equity income (note 7) 58,819 53,546 9,789
Interest expense (164,521) (128,303) (80,937)
Interest income 3,985 3,760 2,915
Realized and unrealized (loss) gain on non-designated derivative instruments (note 13) (13,361) 3,278 (5,309)
Foreign currency exchange (loss) gain (notes 10 and 13) (9,640) 1,371 (26,933)
Other (expense) income (notes 5a and 14b) (2,454) (51,373) 1,561
Net income before income tax expense 172,081 30,088 49,735
Income tax expense (notes 11 and 14c) (7,477) (3,213) (824)
Net income 164,604 26,875 48,911
Non-controlling interest in net income 11,814 (1,494) 14,946
Preferred unitholders' interest in net income 25,702 25,701 13,979
General partner's interest in net income 2,542 53 400
Limited partners’ interest in net income $ 124,546 $ 2,615 $ 19,586
Limited partners’ interest in net income per common unit (note 16):      
Basic (USD per unit) $ 1.59 $ 0.03 $ 0.25
Diluted (USD per unit) $ 1.59 $ 0.03 $ 0.25
Weighted-average number of common units outstanding (note 16):      
Basic (in units) 78,177,189 79,672,435 79,617,778
Diluted (in units) 78,268,412 79,842,328 79,791,041
Cash distributions declared per common unit (USD per unit) $ 0.71 $ 0.56 $ 0.56