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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenue:        
Product sales $ 517,461 $ 337,092 $ 1,482,686 $ 1,086,180
Transportation, storage and other services 405,158 429,513 1,219,407 1,238,141
Total revenue 922,619 766,605 2,702,093 2,324,321
Costs and expenses:        
Cost of product sales 506,780 326,718 1,447,408 1,049,315
Operating expenses 157,820 149,867 482,008 446,671
Depreciation and amortization 65,661 63,472 195,987 188,220
General and administrative 23,904 20,321 69,987 63,737
Other, net 501 0 (3,921) 0
Total costs and expenses 754,666 560,378 2,191,469 1,747,943
Operating income 167,953 206,227 510,624 576,378
Other income (expense):        
Earnings from equity investments 9,232 2,901 22,710 8,459
Interest and debt expense (56,561) (48,476) (168,870) (144,093)
Other income (expense) 48 (74) 157 (102)
Total other expense, net (47,281) (45,649) (146,003) (135,736)
Income before taxes 120,672 160,578 364,621 440,642
Income tax expense (448) (308) (1,709) (896)
Net income 120,224 160,270 362,912 439,746
Less: Net income attributable to noncontrolling interests (4,037) (3,896) (10,427) (11,803)
Net income attributable to Buckeye Partners, L.P. $ 116,187 $ 156,374 $ 352,485 $ 427,943
Earnings per unit attributable to Buckeye Partners, L.P.:        
Basic (in dollars per share) $ 0.82 $ 1.19 $ 2.50 $ 3.28
Diluted (in dollars per share) $ 0.81 $ 1.19 $ 2.49 $ 3.26
Weighted average units outstanding:        
Basic (in shares) 142,088 131,113 141,104 130,439
Diluted (in shares) 142,818 131,940 141,781 131,076