XML 13 R2.htm IDEA: XBRL DOCUMENT v3.19.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenue:    
Total revenue from contracts with customers $ 828,219 $ 980,262
Total revenue 1,028,972 1,183,105
Costs and expenses:    
Cost of product sales 655,107 785,327
Operating expenses 152,898 154,868
Depreciation and amortization 63,884 64,138
General and administrative 21,650 23,289
Other, net 1,213 (14,030)
Total costs and expenses 894,752 1,013,592
Operating income 134,220 169,513
Other (expense) income:    
Earnings from equity investments 3,345 7,489
Interest and debt expense (52,168) (59,105)
Other expense, net (3,839) (315)
Total other expense, net (52,662) (51,931)
Income before taxes 81,558 117,582
Income tax expense (298) (490)
Net income 81,260 117,092
Less: Net income attributable to noncontrolling interests (498) (4,719)
Net income attributable to Buckeye Partners, L.P. $ 80,762 $ 112,373
Earnings per unit attributable to Buckeye Partners, L.P.:    
Basic (in dollars per share) $ 0.52 $ 0.75
Diluted (in dollars per share) $ 0.52 $ 0.74
Weighted average units outstanding:    
Basic (in shares) 153,846 148,904
Diluted (in shares) 154,542 149,532
Product sales    
Revenue:    
Total revenue from contracts with customers $ 662,996 $ 792,187
Transportation, storage and other services    
Revenue:    
Total revenue from contracts with customers $ 365,976 $ 390,918