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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenue:        
Total revenue from contracts with customers $ 655,847 $ 783,196 $ 1,484,066 $ 1,763,458
Total revenue 791,702 940,839 1,820,674 2,123,944
Costs and expenses:        
Cost of product sales 416,397 552,399 1,071,504 1,337,726
Operating expenses 156,554 156,505 309,452 311,373
Depreciation and amortization 65,859 66,569 129,743 130,707
General and administrative 18,306 21,792 39,956 45,081
Other, net (3,007) (2,123) (1,794) (16,153)
Total costs and expenses 654,109 795,142 1,548,861 1,808,734
Operating income 137,593 145,697 271,813 315,210
Other (expense) income:        
Earnings from equity investments 2,871 8,265 6,216 15,754
Interest and debt expense (49,574) (59,566) (101,742) (118,671)
Other expense, net (78) (297) (3,917) (612)
Total other expense, net (46,781) (51,598) (99,443) (103,529)
Income before taxes 90,812 94,099 172,370 211,681
Income tax expense (297) (782) (595) (1,272)
Net income 90,515 93,317 171,775 210,409
Less: Net income attributable to noncontrolling interests (496) (1,413) (994) (6,132)
Net income attributable to Buckeye Partners, L.P. $ 90,019 $ 91,904 $ 170,781 $ 204,277
Earnings per unit attributable to Buckeye Partners, L.P.:        
Basic (in dollars per share) $ 0.58 $ 0.59 $ 1.10 $ 1.34
Diluted (in dollars per share) $ 0.58 $ 0.59 $ 1.09 $ 1.33
Weighted average units outstanding:        
Basic (in shares) 153,918 153,258 153,882 151,093
Diluted (in shares) 154,742 153,989 154,639 151,770
Product sales        
Revenue:        
Total revenue from contracts with customers $ 420,573 $ 556,850 $ 1,083,569 $ 1,349,037
Transportation, storage and other services        
Revenue:        
Total revenue from contracts with customers $ 371,129 $ 383,989 $ 737,105 $ 774,907