XML 55 R23.htm IDEA: XBRL DOCUMENT v2.4.0.6
Investment In Unconsolidated Affiliates (Tables)
 3 Months Ended
Mar. 31, 2012
Carrying value of limited and general partnership interest [Table Text Block]
The carrying value of the Partnership's investment in each of the unconsolidated affiliates as of March 31, 2012 and December 31, 2011 is as follows:
 
March 31,
2012
 
December 31,
2011
HPC
$
675,734

 
$
682,046

MEP
605,303

 
613,942

Lone Star
712,965

 
628,717

Ranch JV
13,412

 
—

 
$
2,007,414

 
$
1,924,705
Changes In The Partnership's Investment
The following tables summarize the Partnership's investment activities in each of the unconsolidated affiliates for the three months ended March 31, 2012 and 2011:
 
Three Months Ended March 31, 2012
 
HPC
 
MEP
 
Lone Star
 
Ranch JV
Contributions to unconsolidated affiliates
—

 
—

 
79,840

 
13,412

Distributions from unconsolidated affiliates
16,159

 
19,386

 
6,956

 
—

Share of unconsolidated affiliates' net income
11,309

 
10,747

 
11,364

 
—

Amortization of excess fair value of investment
(1,462
)
 
—

 
—

 
—

 
Three Months Ended March 31, 2011
 
HPC
 
MEP
 
Lone Star
 
Ranch JV
Contributions to unconsolidated affiliates
$
—

 
$
—

 
*
 
**
Distributions from unconsolidated affiliates
16,728

 
25,437

 
*
 
**
Share of unconsolidated affiliates' net income
15,075

 
10,195

 
*
 
**
Amortization of excess fair value of investment
(1,462
)
 
—

 
*
 
**
__________________
*
The Partnership acquired a 30% membership interest in Lone Star in May 2011.
**
The Partnership acquired a 33.33% membership interest in Ranch JV December 2011.
Condensed Consolidated Income Statements
The following tables present selected income statement data for each of the unconsolidated affiliates, on a 100% basis, for the three months ended March 31, 2012 and 2011:
 
Three Months Ended March 31, 2012
 
HPC
 
MEP
 
Lone Star
 
Ranch JV
Total revenues
$
41,816

 
$
66,160

 
$
166,995

 
$
—

Operating income (loss)
22,969

 
34,389

 
38,554

 
(24
)
Net income (loss)
22,622

 
21,494

 
37,881

 
(24
)
 
Three Months Ended March 31, 2011
 
HPC
 
MEP
 
Lone Star
 
Ranch JV
Total revenues
$
48,649

 
$
64,824

 
*
 
**
Operating income
30,327

 
33,265

 
*
 
**
Net income
30,156

 
20,410

 
*
 
**
__________________
*
The Partnership acquired a 30% membership interest in Lone Star in May 2011.
**
The Partnership acquired a 33.33% membership interest in Ranch JV December 2011.