XML 76 R6.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
CONSOLIDATED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL - USD ($)
$ in Millions
Total
Prior To Restructuring
After Restructuring
Limited Partners
Class A Shares
Limited Partners
After Restructuring
Class A Shares
Limited Partners
Common Unitholders - Public
Limited Partners
Common Unitholders - Public
Prior To Restructuring
Limited Partners
Common Unitholders - Affiliate
Limited Partners
Common Unitholders - Affiliate
Prior To Restructuring
Limited Partners
Subordinated Unitholders - Affiliate
Limited Partners
Subordinated Unitholders - Affiliate
Prior To Restructuring
General Partner
General Partner
Prior To Restructuring
Noncontrolling Interest
Noncontrolling Interest
Prior To Restructuring
Noncontrolling Interest
After Restructuring
Accumulated Other Comprehensive Income
Net Parent Investment
Net Parent Investment
Prior To Restructuring
Balance, beginning of period at Dec. 31, 2016 $ 1,809.9                                 $ 1,809.9  
Contribution of net assets to Hess Midstream Partners LP               $ 134.6   $ 357.2   $ 14.6   $ 2,025.2       (2,531.6)  
IPO proceeds, net of underwriters' discounts 365.5         $ 365.5                          
Distributions of IPO proceeds (349.5)             (95.7)   (253.8)                  
Offering costs (10.7)         (10.7)                          
Net income 242.0 [1]         12.6   7.6   20.2   0.8   175.4       25.4  
Other comprehensive income (loss) 1.6 [1]                               $ 1.6    
Equity-based compensation 0.2         0.2                          
Distributions to unitholders (31.7)         (9.9)   (6.0)   (15.8)                  
Distributions to general partner                       (0.6)           0.6  
Distributions to noncontrolling interest                           (244.6)       244.6  
Contributions from noncontrolling interest                           78.5       (78.5)  
Other contributions (distributions) (75.0)                                 (75.0)  
Balance, end of period at Dec. 31, 2017 1,952.3         357.7   40.5   107.8   14.8   2,034.5     1.6 (604.6)  
Net income 325.5 [1]         21.6   13.0   34.5   1.7   301.5       (46.8)  
Other comprehensive income (loss) (0.4) [1]                               (0.4)    
Equity-based compensation 0.9         0.9                          
Distributions to unitholders (74.1)         (23.1)   (14.0)   (37.0)                  
Distributions to general partner                       (1.6)           1.6  
Distributions to noncontrolling interest                           (199.2)       199.2  
Contributions from noncontrolling interest                           57.3       (57.3)  
Other contributions (distributions) (328.1)                                 (328.1)  
Balance, end of period at Dec. 31, 2018 1,876.1 [1]         357.1   39.5   105.3   14.9   2,194.1     1.2 (836.0)  
Net income 317.7 $ 325.0 $ (7.3)   $ (0.5)   $ 20.8   $ 12.9   $ 33.5   $ 3.4   $ 309.4 $ (6.8)     $ (55.0)
Other comprehensive income (loss) (0.8)                               (0.8)    
Equity-based compensation   1.3 $ 0.2   $ 0.2   1.3                        
Distributions to unitholders   $ (85.4)         $ (26.8)   $ (16.0)   $ (42.6)                
Distributions to general partner                         $ (3.8)           3.8
Distributions to noncontrolling interest                             (200.6)       200.6
Contributions from noncontrolling interest                             $ 76.3       $ (76.3)
Acquisition of Hess Water Services (225.0)                                 (225.0)  
Equity exchange related to Restructuring       $ 81.4   $ (352.4)   $ (36.4)   $ (96.2)   $ (14.5)   (569.8)       $ 987.9  
Cash consideration related to Restructuring (601.8)                         (601.8)          
Recognition of Deferred Tax Asset 49.8     50.0                   (0.2)          
Balance, end of period at Dec. 31, 2019 $ 1,332.1     $ 131.1                   $ 1,200.6     $ 0.4    
[1] The financial information presented in this report has been retrospectively adjusted for the acquisition of Hess Infrastructure Partners LP.