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Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2018
Accounting Policies [Abstract]  
Summary of Effect of Adoption on Consolidated Financial Statements

The following tables summarize the effects of adoption on our consolidated financial statements:

 

 

 

Three Months Ended September 30, 2018

 

 

 

Pre-Adoption

 

 

Effect of Adoption

 

 

Post-Adoption

 

Revenues:

 

 

 

 

 

 

 

 

 

 

 

 

   Sales of commodities

 

$

2,738.7

 

 

$

(84.6

)

 

$

2,654.1

 

   Fees from midstream services

 

 

338.1

 

 

 

(5.8

)

 

 

332.3

 

   Total revenues

 

 

3,076.8

 

 

 

(90.4

)

 

 

2,986.4

 

Costs and expenses:

 

 

 

 

 

 

 

 

 

 

 

 

   Product purchases

 

 

2,473.9

 

 

 

(90.4

)

 

 

2,383.5

 

Income from operations

 

 

76.7

 

 

 

 

 

 

76.7

 

Income (loss) before income taxes

 

 

(15.1

)

 

 

 

 

 

(15.1

)

Net income (loss)

 

$

(11.2

)

 

$

 

 

$

(11.2

)

 

 

 

Nine Months Ended September 30, 2018

 

 

 

Pre-Adoption

 

 

Effect of Adoption

 

 

Post-Adoption

 

Revenues:

 

 

 

 

 

 

 

 

 

 

 

 

   Sales of commodities

 

$

7,232.0

 

 

$

(250.6

)

 

$

6,981.4

 

   Fees from midstream services

 

 

923.5

 

 

 

(18.6

)

 

 

904.9

 

   Total revenues

 

 

8,155.5

 

 

 

(269.2

)

 

 

7,886.3

 

Costs and expenses:

 

 

 

 

 

 

 

 

 

 

 

 

   Product purchases

 

 

6,498.9

 

 

 

(269.2

)

 

 

6,229.7

 

Income from operations

 

 

318.2

 

 

 

 

 

 

318.2

 

Income (loss) before income taxes

 

 

186.3

 

 

 

 

 

 

186.3

 

Net income (loss)

 

$

148.6

 

 

$

 

 

$

148.6