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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenue    
Third parties $ 47.3 $ 51.3
Related parties 22.9 25.4
Total revenue 70.2 76.7
Costs and expenses    
Operations and maintenance – third parties 12.9 9.4
Operations and maintenance – related parties 8.5 5.4
General and administrative – third parties 1.6 2.1
General and administrative – related parties 6.4 5.7
Depreciation, amortization and accretion 6.2 5.9
Property and other taxes 2.8 3.2
Total costs and expenses 38.4 31.7
Operating income 31.8 45.0
Income from equity investments 38.7 23.2
Dividend income from cost investments 7.3 2.8
Investment and dividend income 46.0 26.0
Interest expense, net 4.8 3.0
Income before income taxes 73.0 68.0
Income tax expense 0.0 0.0
Net income 73.0 68.0
Less: Net income attributable to noncontrolling interests 2.2 12.7
Net income attributable to the Partnership 70.8 55.3
Limited Partners' interest in net income attributable to the Partnership $ 58.7 $ 52.2
Net income per Limited Partner Unit - Basic and Diluted:    
Distributions declared per Limited Partner Unit (in dollars per unit) $ 0.291 $ 0.2350
Shell Pipeline Company L P    
Costs and expenses    
General partner's interest in net income attributable to the Partnership $ 12.1 $ 3.1
Common    
Costs and expenses    
Net income attributable to the Partnership $ 58.7 $ 30.5
Net income per Limited Partner Unit - Basic and Diluted:    
Net income per Limited Partner Unit (in dollars per share) $ 0.33 $ 0.36
Subordinated    
Costs and expenses    
Net income attributable to the Partnership   $ 21.7
Net income per Limited Partner Unit - Basic and Diluted:    
Net income per Limited Partner Unit (in dollars per share) $ 0.00 $ 0.32
Common units – public    
Costs and expenses    
Net income $ 29.3  
Weighted average Limited Partner Units outstanding - Basic and Diluted (in millions):    
Weighted average limited partner units - Common (in shares) 88.4 63.4
Common units – public | Shell Pipeline Company L P    
Costs and expenses    
Net income $ 29.4  
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) 88.9 21.5
Subordinated units – SPLC | Shell Pipeline Company L P    
Weighted average Limited Partner Units outstanding - Basic and Diluted (in millions):    
Weighted average limited partner units - Subordinated (in shares) 0.0 67.5