XML 131 R112.htm IDEA: XBRL DOCUMENT v3.3.1.900
BUSINESS SEGMENTS - Schedule of Adjusted EBITDA by Segment on a Consolidated Basis (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Adjusted EBITDA from continuing operations                 $ 868,062 $ 763,568 $ 648,814
Reconciliation of Income from continuing operations to Adjusted EBITDA from continuing operations:                      
Income from continuing operations $ 135,097 $ 99,947 $ 91,326 $ 112,021 $ 64,012 $ 107,008 $ 61,939 $ 101,539 438,391 334,498 351,599
Less: Net income attributable to noncontrolling interests                 (311) (1,903) (4,152)
Income from continuing operations attributable to Buckeye Partners, L.P.                 438,080 332,595 347,447
Add: Interest and debt expense                 171,330 171,235 130,920
Income tax expense                 874 451 1,060
Depreciation and amortization                 221,278 196,443 147,591
Non-cash unit-based compensation expense                 29,215 20,867 21,013
Acquisition and transition expense                 3,127 13,048 11,806
Litigation contingency accrual                 15,229 40,000 0
Less: Amortization of unfavorable storage contracts                 (11,071) (11,071) (11,023)
Adjusted EBITDA from continuing operations                 868,062 763,568 648,814
Buckeye Texas                      
Reconciliation of Income from continuing operations to Adjusted EBITDA from continuing operations:                      
Depreciation and amortization                 $ 49,300 12,300  
Ownership percentage 100.00%               100.00%    
Domestic Pipelines & Terminals                      
Adjusted EBITDA from continuing operations                 $ 522,196 532,071 486,458
Reconciliation of Income from continuing operations to Adjusted EBITDA from continuing operations:                      
Adjusted EBITDA from continuing operations                 522,196 532,071 486,458
Global Marine Terminals                      
Adjusted EBITDA from continuing operations                 323,840 239,556 149,740
Reconciliation of Income from continuing operations to Adjusted EBITDA from continuing operations:                      
Adjusted EBITDA from continuing operations                 323,840 239,556 149,740
Merchant Services                      
Adjusted EBITDA from continuing operations                 22,026 (8,059) 12,616
Reconciliation of Income from continuing operations to Adjusted EBITDA from continuing operations:                      
Adjusted EBITDA from continuing operations                 $ 22,026 $ (8,059) $ 12,616