XML 38 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Revenue    
Third parties $ 41.3us-gaap_SalesRevenueServicesNet  
Related parties 10.4us-gaap_RevenueFromRelatedParties  
Total revenue 51.7us-gaap_Revenues  
Costs and expenses    
Operations and maintenance - third parties 6.9us-gaap_OperatingCostsAndExpenses  
Operations and maintenance - related parties 3.9us-gaap_CostsAndExpensesRelatedParty  
General and administrative - third parties 1.6us-gaap_SellingGeneralAndAdministrativeExpense  
General and administrative - related parties 5.0us-gaap_RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty [1]  
Depreciation 3.4us-gaap_Depreciation  
Property and other taxes 3.2us-gaap_TaxesExcludingIncomeAndExciseTaxes  
Total costs and expenses 24.0us-gaap_CostsAndExpenses  
Operating income 27.7us-gaap_OperatingIncomeLoss  
Income from equity investments 12.5us-gaap_IncomeLossFromEquityMethodInvestments  
Dividend income from investment 1.6us-gaap_InvestmentIncomeDividend  
Income from other investments 14.1us-gaap_OtherNonoperatingIncome  
Interest expense, net 0.2us-gaap_InterestIncomeExpenseNonoperatingNet  
Income before income taxes 41.6us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest  
Income tax expense 0.2us-gaap_IncomeTaxExpenseBenefit 0us-gaap_IncomeTaxExpenseBenefit
Net income 41.4us-gaap_ProfitLoss  
Less: Net income attributable to noncontrolling interests 17.8us-gaap_NetIncomeLossAttributableToNoncontrollingInterest  
Net income attributable to the Partnership 23.6us-gaap_NetIncomeLoss  
Less: General Partner's interest in net income attributable to the Partnership 0.5us-gaap_NetIncomeLossAllocatedToGeneralPartners  
Limited Partners' interest in net income attributable to the Partnership 23.1us-gaap_NetIncomeLossAllocatedToLimitedPartners  
Predecessor    
Revenue    
Third parties   26.4us-gaap_SalesRevenueServicesNet
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Related parties   9.7us-gaap_RevenueFromRelatedParties
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Total revenue   36.1us-gaap_Revenues
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Costs and expenses    
Operations and maintenance - third parties   8.6us-gaap_OperatingCostsAndExpenses
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Operations and maintenance - related parties   3.6us-gaap_CostsAndExpensesRelatedParty
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
General and administrative - third parties   0.4us-gaap_SellingGeneralAndAdministrativeExpense
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
General and administrative - related parties   2.4us-gaap_RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
[1]
Depreciation   2.8us-gaap_Depreciation
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Property and other taxes   3.3us-gaap_TaxesExcludingIncomeAndExciseTaxes
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Total costs and expenses   21.1us-gaap_CostsAndExpenses
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Operating income   15.0us-gaap_OperatingIncomeLoss
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Income before income taxes   15.0us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Net income   15.0us-gaap_ProfitLoss
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Common Units    
Net income per Limited Partner Unit - Basic and Diluted (in dollars):    
Net income subsequent to the Offering per limited partner unit - Basic $ 0.17us-gaap_NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
/ us-gaap_PartnerTypeOfPartnersCapitalAccountAxis
= shlx_CommonUnitsMember
 
Net income subsequent to the Offering per limited partner unit - Diluted $ 0.17us-gaap_NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
/ us-gaap_PartnerTypeOfPartnersCapitalAccountAxis
= shlx_CommonUnitsMember
 
Common Units | Shell Pipeline Company L P    
Weighted average Limited Partner Units outstanding - Basic and Diluted (in millions):    
Weighted average limited partner units 21.5us-gaap_WeightedAverageLimitedPartnershipUnitsOutstanding
/ dei_LegalEntityAxis
= shlx_ShellPipelineCompanyLPMember
/ us-gaap_PartnerTypeOfPartnersCapitalAccountAxis
= shlx_CommonUnitsMember
 
Subordinated Units    
Net income per Limited Partner Unit - Basic and Diluted (in dollars):    
Net income subsequent to the Offering per limited partner unit - Basic $ 0.17us-gaap_NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
/ us-gaap_PartnerTypeOfPartnersCapitalAccountAxis
= shlx_SubordinatedUnitsMember
 
Net income subsequent to the Offering per limited partner unit - Diluted $ 0.17us-gaap_NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
/ us-gaap_PartnerTypeOfPartnersCapitalAccountAxis
= shlx_SubordinatedUnitsMember
 
Subordinated Units | Shell Pipeline Company L P    
Costs and expenses    
Limited Partners' interest in net income attributable to the Partnership 11.5us-gaap_NetIncomeLossAllocatedToLimitedPartners
/ dei_LegalEntityAxis
= shlx_ShellPipelineCompanyLPMember
/ us-gaap_PartnerTypeOfPartnersCapitalAccountAxis
= shlx_SubordinatedUnitsMember
 
Weighted average Limited Partner Units outstanding - Basic and Diluted (in millions):    
Weighted average limited partner units 67.5us-gaap_WeightedAverageLimitedPartnershipUnitsOutstanding
/ dei_LegalEntityAxis
= shlx_ShellPipelineCompanyLPMember
/ us-gaap_PartnerTypeOfPartnersCapitalAccountAxis
= shlx_SubordinatedUnitsMember
 
Common unitholders - public    
Costs and expenses    
Limited Partners' interest in net income attributable to the Partnership 7.9us-gaap_NetIncomeLossAllocatedToLimitedPartners
/ us-gaap_PartnerTypeOfPartnersCapitalAccountAxis
= shlx_CommonUnitsPublicMember
 
Weighted average Limited Partner Units outstanding - Basic and Diluted (in millions):    
Weighted average limited partner units 46.0us-gaap_WeightedAverageLimitedPartnershipUnitsOutstanding
/ us-gaap_PartnerTypeOfPartnersCapitalAccountAxis
= shlx_CommonUnitsPublicMember
 
Common unitholders - public | Shell Pipeline Company L P    
Costs and expenses    
Limited Partners' interest in net income attributable to the Partnership $ 3.7us-gaap_NetIncomeLossAllocatedToLimitedPartners
/ dei_LegalEntityAxis
= shlx_ShellPipelineCompanyLPMember
/ us-gaap_PartnerTypeOfPartnersCapitalAccountAxis
= shlx_CommonUnitsPublicMember
 
[1] For the three months ended March 31, 2015, we paid $1.8 million under the Management Agreement and $2.1 million under the Omnibus Agreement for general and administrative services.