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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenue        
Third parties $ 46.1 $ 65.0 [1] $ 149.8 $ 165.1 [1]
Related parties 21.8 31.2 [1] 65.9 76.8 [1]
Total revenue 67.9 96.2 [1] 215.7 241.9 [1]
Costs and expenses        
Operations and maintenance – third parties 11.4 12.2 [1] 33.1 32.0 [1]
Operations and maintenance – related parties 5.3 4.5 [1] 15.9 14.2 [1]
General and administrative – third parties 2.2 1.8 [1] 6.2 6.8 [1]
General and administrative – related parties 5.7 6.3 [1] 17.3 17.8 [1]
Depreciation, amortization and accretion 6.0 5.4 [1] 17.7 16.0 [2]
Property and other taxes 1.3 0.9 [1] 6.4 7.6 [1]
Total costs and expenses 31.9 31.1 [1] 96.6 94.4 [1]
Operating income 36.0 65.1 [1] 119.1 147.5 [1]
Income from equity investments 21.4 24.1 [1] 70.2 47.4 [1]
Dividend income from investment 4.2 2.7 [1] 11.6 6.6 [1]
Other income 0.0 0.1 [1] 0.0 1.1 [1]
Investment, dividend and other income 25.6 26.9 [1] 81.8 55.1 [1]
Interest expense, net 2.8 1.7 [1] 7.8 2.2 [1]
Income before income taxes 58.8 90.3 [1] 193.1 200.4 [1]
Income tax expense 0.0 (0.3) [1] 0.0 0.0 [1]
Net income 58.8 90.6 [1] 193.1 200.4 [1],[2]
Less: Net income attributable to Parent 0.0 16.2 [1] 0.0 39.3 [1]
Less: Net income attributable to noncontrolling interests 2.5 20.1 [1] 17.7 51.0 [1]
Net income attributable to the Partnership 56.3 54.3 [1] 175.4 110.1 [1]
Limited Partners' interest in net income attributable to the Partnership $ 49.1 $ 52.8 [1] $ 160.1 $ 107.4 [1]
Net income per Limited Partner Unit - Basic and Diluted (in dollars):        
Distributions declared per limited partner unit (in dollars per unit) $ 0.26375 $ 0.2050 $ 0.7488 $ 0.57 [1]
Shell Pipeline Company L P        
Costs and expenses        
General partner's interest in net income attributable to the Partnership $ 7.2 $ 1.5 [1] $ 15.3 $ 2.7 [1]
Common        
Costs and expenses        
Net income attributable to the Partnership $ 30.4 $ 27.8 $ 97.4 $ 56.0
Net income per Limited Partner Unit - Basic and Diluted (in dollars):        
Net income per Limited Partner Unit (in dollars per share) $ 0.28 $ 0.37 [1] $ 0.98 $ 0.77 [1]
Subordinated        
Costs and expenses        
Net income attributable to the Partnership $ 18.7 $ 25.0 $ 62.7 $ 51.4
Net income per Limited Partner Unit - Basic and Diluted (in dollars):        
Net income per Limited Partner Unit (in dollars per share) $ 0.28 $ 0.37 [1] $ 0.93 $ 0.77 [1]
Common units – public        
Costs and expenses        
Net income     $ 77.4  
Weighted average Limited Partner Units outstanding - Basic and Diluted (in millions):        
Weighted average limited partner units - Common (in shares) 88.3 53.7 [1] 77.7 51.1 [1]
Common units – public | Shell Pipeline Company L P        
Costs and expenses        
Net income     $ 20.0  
Common units – SPLC | Shell Pipeline Company L P        
Weighted average Limited Partner Units outstanding - Basic and Diluted (in millions):        
Weighted average limited partner units - Common (in shares) 21.5 21.5 [1] 21.5 21.5 [1]
Subordinated units – SPLC | Shell Pipeline Company L P        
Costs and expenses        
Net income     $ 62.7  
Weighted average Limited Partner Units outstanding - Basic and Diluted (in millions):        
Weighted average limited partner units - Subordinated (in shares) 67.5 67.5 [1] 67.5 67.5 [1]
[1] (1) The 2015 financial information has been retrospectively adjusted for the acquisition of the Shell Auger and Lockport Operations.
[2] (1) The 2015 financial information has been retrospectively adjusted for the acquisition of the Shell Auger and Lockport Operations.