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CONSOLIDATED STATEMENTS OF PARTNERS' CAPITAL (USD $)
In Thousands, except Share data
Total
LP Units
Buckeye General Partner Holdings, Limited Partnership
FRC Founders Corporation
Vopak Bahamas B.V.
General Partner
Limited Partners
Limited Partners
Buckeye General Partner Holdings, Limited Partnership
Limited Partners
FRC Founders Corporation
Limited Partners
Vopak Bahamas B.V.
Class B Units
Class B Units
FRC Founders Corporation
Class B Units
Vopak Bahamas B.V.
Management Units
Management Units
Buckeye General Partner Holdings, Limited Partnership
Equity Gains on Issuance of Buckeye's Limited Partner Units
Accumulated Other Comprehensive Income (Loss)
Noncontrolling Interests
Noncontrolling Interests
LP Units
Beginning balance at Dec. 31, 2008 $ 1,398,834         $ 7 $ 226,565             $ 3,037   $ 2,451   $ 1,166,774  
Net income 141,637           48,668             926       92,043  
Recognition of unit-based compensation charges 1,326           1,302             24          
Equity gains on issuance of LP Units                               106   (106)  
Net proceeds from issuance of LP Units 104,632                                 104,632  
Amortization of unit-based compensation awards 3,079                                 3,079  
Exercise of LP Unit options 3,204                                 3,204  
Services Company's non-cash ESOP distributions (6,073)                                 (6,073)  
Distributions paid to noncontrolling interests (180,008)                                 (180,008)  
Change in value of derivatives 17,722                                 17,722  
Amortization of interest rate swaps 961                                 961  
Other 7,732                                 7,732  
Distributions paid to partners of BGH (230,376)   (40,752)     (40,752)   (39,990)             (762)        
Ending balance at Dec. 31, 2009 1,452,294         7 236,545             3,225   2,557   1,209,960  
Net income 201,008 [1]           42,175             905       157,928  
Costs associated with agreement and plan of Merger (16,427)           (6,750)             (128)       (9,549)  
Recognition of unit-based compensation charges 22,335           21,916             419          
Amortization of unit-based compensation awards 8,203           2,163                     6,040  
Exercise of LP Unit options 4,789           340                     4,449  
Services Company's non-cash ESOP distributions (5,385)                                 (5,385)  
Distributions paid to noncontrolling interests (195,564)                                 (195,564)  
Other comprehensive income (20,412)                               17,869 (38,281)  
Noncash accrual for distribution equivalent rights (936)                                 (936)  
Number of LP units cancelled 80,000 80,000 [2],[3]                                  
Other 7,031                                 7,031  
Effect of Merger on partners' capital           (7) 1,166,152             (3,490)   (2,557) (39,128) (1,120,970)  
Distributions paid to partners of BGH (249,584)   (49,808)     (49,808)   (48,877)             (931)        
Cancellation of LP Units   3,132                                 3,132
Ending balance at Dec. 31, 2010 1,410,260           1,413,664                   (21,259) 17,855  
Net income 114,664 [4]           100,553       7,948             6,163  
Acquisition of 80% interest in BORCO 276,508                                 276,508  
Acquisition of remaining interest in BORCO (278,211)                                 (278,211)  
Costs associated with agreement and plan of Merger (1,356)           (1,356)                        
Distributions paid to unitholders (341,369)           (341,369)                        
Issuance of units to institutional investors 425,001           350,001       75,000                
Equity issuance costs (4,759)           (2,762)       (1,997)                
Net proceeds from issuance of LP Units in underwritten public offering 316,629           316,629                        
Amortization of unit-based compensation awards 9,233           9,233                        
Exercise of LP Unit options 3,567           3,567                        
Services Company's non-cash ESOP distributions (1,407)                                 (1,407)  
Distributions paid to noncontrolling interests (8,872)                                 (8,872)  
Other comprehensive income (106,482)                               (106,482)    
Noncash accrual for distribution equivalent rights (1,210)           (1,210)                        
Other 8,260           (492)                     8,752  
Distributions paid to partners of BGH (341,369)                                    
Issuance of units for BORCO acquisition       407,391 96,110       152,772 36,041   254,619 60,069            
Ending balance at Dec. 31, 2011 $ 2,323,957           $ 2,035,271       $ 395,639           $ (127,741) $ 20,788  
[1] The fourth quarter of 2010 includes $21.1 million of non-cash compensation expense related to the modification of an equity compensation plan (see Note 18).
[2] Amounts presented through the date of the Merger represent historical BGH units outstanding.
[3] In connection with the Merger, 80,000 LP Units held by BGH were cancelled.
[4] The second quarter of 2011 includes a gain of $34.1 million, and the fourth quarter of 2011 includes subsequent dividend income of $0.6 million related to the sale of our equity interest in WT LPG (see Note 3). The third quarter of 2011 includes a $169.6 million goodwill impairment expense associated with the Natural Gas Storage segment (see Note 9).