XML 53 R42.htm IDEA: XBRL DOCUMENT v3.8.0.1
UNAUDITED QUARTERLY FINANCIAL DATA (Tables)
12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Quarterly summarized information on the consolidated results of operations

Summarized information on the consolidated results of operations for each of the quarters during the two-year period ended December 31, 2016, follows.

 

Quarter ended

December 31,

2016

 

Quarter ended

September 30,

2016

 

Quarter ended

June 30,

2016

 

Quarter ended

March 31,

2016

 

(In thousands, except per-unit amounts)

Total revenues

$

127,083

 

 

$

95,073

 

 

$

89,635

 

 

$

90,571

 

 

 

 

 

 

 

 

 

Net income (loss) attributable to SMLP

$

13,901

 

 

$

1,922

 

 

$

(50,287

)

 

$

(6,454

)

Less net income (loss) and IDRs attributable to General Partner

2,379

 

 

2,137

 

 

935

 

 

1,810

 

Net income (loss) attributable to limited partners

$

11,522

 

 

$

(215

)

 

$

(51,222

)

 

$

(8,264

)

 

 

 

 

 

 

 

 

Earnings (loss) per limited partner unit:

 

 

 

 

 

 

 

Common unit – basic

$

0.16

 

 

$

0.00

 

 

$

(0.77

)

 

$

(0.12

)

Common unit – diluted

$

0.16

 

 

$

0.00

 

 

$

(0.77

)

 

$

(0.12

)

 

 

Quarter ended

December 31,

2015

 

Quarter ended

September 30,

2015

 

Quarter ended

June 30,

2015

 

Quarter ended

March 31,

2015

 

(In thousands, except per-unit amounts)

Total revenues (1)

$

112,414

 

 

$

115,201

 

 

$

86,855

 

 

$

86,087

 

 

 

 

 

 

 

 

 

Net (loss) income attributable to SMLP (2)(3)

$

(220,468

)

 

$

23,604

 

 

$

2,985

 

 

$

1,667

 

Less net (loss) income and IDRs attributable to General Partner

(2,469

)

 

2,408

 

 

1,891

 

 

1,568

 

Net (loss) income attributable to limited partners

$

(217,999

)

 

$

21,196

 

 

$

1,094

 

 

$

99

 

 

 

 

 

 

 

 

 

(Loss) earnings per limited partner unit:

 

 

 

 

 

 

 

Common unit – basic

$

(3.28

)

 

$

0.32

 

 

$

0.05

 

 

$

0.00

 

Common unit – diluted

$

(3.28

)

 

$

0.32

 

 

$

0.05

 

 

$

0.00

 

Subordinated unit – basic and diluted

$

(3.28

)

 

$

0.32

 

 

$

(0.03

)

 

$

0.00

 

 

(1) Retrospectively adjusted for the impact of the 2016 Drop Down, the Polar and Divide Drop Down and the reclassification of certain revenues for Bison Midstream.

(2) In the quarter ended December 31, 2015, net loss attributable to SMLP includes $248.9 million of goodwill impairments and $1.6 million of long-lived asset impairments.

(3) In the quarter ended September 30, 2015, net income attributable to SMLP includes $20.0 million of additional accruals for environmental remediation expenses and $7.7 million of long-lived asset impairments.

Retrospective adjustments from impact of acquisitions

A reconciliation of total revenues follows.

 

Quarter ended

September 30,

2015

 

Quarter ended

June 30,

2015

 

Quarter ended

March 31,

2015

 

(In thousands)

Total revenues as originally reported

$

103,249

 

 

$

77,274

 

 

$

68,579

 

2016 Drop Down

8,644

 

 

5,911

 

 

4,870

 

Polar and Divide Drop Down

 

 

 

 

8,582

 

Bison revenue reclass

3,308

 

 

3,670

 

 

4,056

 

Total revenues

$

115,201

 

 

$

86,855

 

 

$

86,087