XML 13 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenue:        
Product sales $ 364,326 $ 458,613 $ 749,088 $ 1,198,831
Transportation, storage and other services 412,796 338,170 808,628 686,052
Total revenue 777,122 796,783 1,557,716 1,884,883
Costs and expenses:        
Cost of product sales 353,953 448,534 722,597 1,166,073
Operating expenses 147,718 141,339 296,804 283,704
Depreciation and amortization 63,322 55,598 124,748 109,374
General and administrative 22,185 20,293 43,416 42,911
Total costs and expenses 587,178 665,764 1,187,565 1,602,062
Operating income 189,944 131,019 370,151 282,821
Other income (expense):        
Earnings from equity investments 2,470 2,446 5,558 4,580
Interest and debt expense (47,834) (41,975) (95,617) (83,684)
Other (expense) income (108) 77 (28) 110
Total other expense, net (45,472) (39,452) (90,087) (78,994)
Income from continuing operations before taxes 144,472 91,567 280,064 203,827
Income tax benefit (expense) 27 (241) (588) (480)
Income from continuing operations 144,499 91,326 279,476 203,347
Loss from discontinued operations 0 0 0 (857)
Net income 144,499 91,326 279,476 202,490
Less: Net (income) loss attributable to noncontrolling interests (4,043) 254 (7,907) 701
Net income attributable to Buckeye Partners, L.P. $ 140,456 $ 91,580 $ 271,569 $ 203,191
Basic earnings (loss) per unit attributable to Buckeye Partners, L.P.:        
Continuing operations (in dollars per share) $ 1.08 $ 0.72 $ 2.09 $ 1.60
Discontinued operations (in dollars per share) 0.00 0.00 0.00 (0.01)
Total (in dollars per share) 1.08 0.72 2.09 1.59
Diluted earnings (loss) per unit attributable to Buckeye Partners, L.P.:        
Continuing operations (in dollars per share) 1.07 0.71 2.08 1.60
Discontinued operations (in dollars per share) 0.00 0.00 0.00 (0.01)
Total (in dollars per share) $ 1.07 $ 0.71 $ 2.08 $ 1.59
Weighted average units outstanding:        
Basic (in shares) 130,494 127,650 130,099 127,414
Diluted (in shares) 131,153 128,198 130,641 127,904