XML 38 R27.htm IDEA: XBRL DOCUMENT v3.4.0.3
Net Income Per Limited Partner Unit (Tables)
3 Months Ended
Mar. 31, 2016
Partners' Capital Notes [Abstract]  
Schedule of Allocation of Net Income to Arrive at Net Income Per Limited Partner Unit
The following tables show the allocation of net income attributable to the Partnership to arrive at net income per limited partner unit:
 
 
 
Three Months Ended
March 31, 2016
 
Three Months Ended
March 31, 2015
Net income
 
$
68.0

 
$
49.1

Less:
 
 
 
 
Net income attributable to Parent
 

 
7.7

Net income attributable to noncontrolling interests
 
12.7

 
17.8

Net income attributable to the Partnership
 
55.3

 
23.6

Less:
 
 

 
 

General Partner's distribution declared
 
2.9

 
0.5

Limited Partners' distribution declared on common units
 
23.0

 
11.8

Limited Partners' distribution declared on subordinated units
 
15.8

 
11.8

Income in excess of distributions (distributions in excess of income)
 
$
13.6

 
$
(0.5
)
Schedule of Basic and Diluted Net Income Per Unit
 
 
Three Months Ended March 31, 2016
 
 
General
 
Limited Partners'
 
Limited Partners'
 
 
 
 
Partner
 
Common Units
 
Subordinated Units
 
Total
 
 
(in millions of dollars, except per unit data)
Distributions declared
 
$
2.9

 
$
23.0

 
$
15.8

 
$
41.7

Income in excess of distributions
 
0.2

 
7.5

 
5.9

 
13.6

Net income attributable to the Partnership
 
$
3.1

 
$
30.5

 
$
21.7

 
$
55.3

Weighted average units outstanding (in millions):
 
 

 
 

 
 

 
 

Basic and diluted
 


 
84.9

 
67.5

 


Net income per Limited Partner Unit (in dollars):
 
 

 
 

 
 

 


Basic and diluted
 
 

 
$
0.36

 
$
0.32

 
 

 
 
Three Months Ended March 31, 2015
 
 
General
 
Limited Partners'
 
Limited Partners'
 
 
 
 
Partner
 
Common Units
 
Subordinated Units
 
Total
 
 
(in millions of dollars, except per unit data)
Distributions declared
 
$
0.5

 
$
11.8

 
$
11.8

 
$
24.1

Distributions in excess of income
 

 
(0.2
)
 
(0.3
)
 
(0.5
)
Net income attributable to the Partnership
 
$
0.5

 
$
11.6

 
$
11.5

 
$
23.6

Weighted average units outstanding (in millions):
 
 

 
 

 
 

 
 

Basic and diluted
 


 
67.5

 
67.5

 


Net income per Limited Partner Unit (in dollars):
 
 

 
 

 
 

 
 

Basic and diluted
 
 

 
$
0.17

 
$
0.17