XML 19 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Income Statement [Abstract]      
Operating revenues – related party $ 452,005 $ 362,619 $ 243,624
Costs and expenses:      
Cost of revenues (excluding depreciation expense reflected below) [1] 108,374 96,115 105,973
Depreciation expense 52,475 45,965 45,678
Other operating expenses 577 0 0
General and administrative expenses [2] 15,549 15,965 14,520
Total costs and expenses 176,975 158,045 166,171
Operating income 275,030 204,574 77,453
Other income, net 753 284 223
Interest and debt expense, net of capitalized interest [3] (36,015) (14,915) (6,113)
Income before income tax expense 239,768 189,943 71,563
Income tax expense 1,335 1,112 251
Net income 238,433 188,831 71,312
Less: Net loss attributable to Predecessor 0 (15,422) (60,566)
Net income attributable to partners 238,433 204,253 131,878
Less: General partner’s interest in net income 49,113 23,553 6,069
Limited partners’ interest in net income $ 189,320 $ 180,700 $ 125,809
Net income per limited partner unit – basic and diluted:      
Common units (in dollars per share) $ 2.77 $ 2.85 $ 2.12
Subordinated units (in dollars per share) $ 0.00 $ 2.38 $ 2.07
Weighted-average limited partner units outstanding – basic and diluted:      
Common units (shares) 68,220 48,817 31,222
Subordinated units (shares) 0 17,463 28,790
Cash distribution declared per unit (in dollars per unit) $ 1.87 $ 1.4965 $ 1.1975
[1] Includes cost of revenues (excluding depreciation expense) – related party of $67,067 thousand , $61,649 thousand, and $55,649 thousand for the years ended December 31, 2017, 2016, and 2015, respectively.
[2] Includes general and administrative expenses – related party of $12,858 thousand, $12,539 thousand, and $11,695 thousand for the years ended December 31, 2017, 2016, and 2015, respectively.
[3] Includes interest and debt expense – related party of $9,658 thousand, $6,608 thousand, and $3,190 thousand for the years ended December 31, 2017, 2016, and 2015, respectively.