XML 76 R2.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Consolidated Statement of Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues and Other Income      
Revenues $ 1,126 $ 1,045 $ 934
Equity in earnings of affiliates 535 439 223
Other income 6 2 12
Total revenues and other income 1,667 1,486 1,169
Costs and Expenses      
Operating and maintenance expenses 405 354 321
Depreciation 120 117 116
General and administrative expenses 67 64 69
Taxes other than income taxes 39 35 33
Interest and debt expense 108 115 101
Other expenses 2 1 1
Total costs and expenses 741 686 641
Income before income taxes 926 800 528
Income tax expense 3 4 4
Net income 923 796 524
Less: Net income attributable to Predecessors 0 0 63
Net income attributable to the Partnership 923 796 461
Less: Preferred unitholders’ interest in net income attributable to the Partnership 37 37 9
Less: General partner’s interest in net income attributable to the Partnership 140 240 160
Limited partners’ interest in net income attributable to the Partnership 746 519 292
Affiliated Entity      
Revenues and Other Income      
Revenues $ 1,097 $ 1,012 $ 894
Common Units      
Net Income Attributable to the Partnership Per Limited Partner Unit (dollars)      
Common units—basic (in usd per share) $ 4.45 $ 4.22 $ 2.60
Common units—diluted (in usd per share) $ 4.29 $ 4.00 $ 2.59
Weighted-Average Limited Partner Units Outstanding (thousands)      
Common units—basic (in shares) 167,655,306 122,768,582 112,044,824
Common units—diluted (in shares) 181,475,000 136,588,000 115,339,000
Service      
Revenues and Other Income      
Revenues $ 196 $ 446  
Third Party      
Revenues and Other Income      
Revenues $ 29 $ 33 $ 40