XML 29 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Unaudited Consolidated Statements of Income (Loss) (USD $)
In Thousands, except Share data, unless otherwise specified
 3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Unaudited Consolidated Statements of Income (Loss) [Abstract]        
VOYAGE REVENUES (note 9a) $ 96,354 $ 92,247 $ 195,570 $ 185,466
OPERATING EXPENSES        
Voyage expenses 242 685 585 1,055
Vessel operating expenses 20,104 23,388 40,635 44,195
Depreciation and amortization 24,673 22,171 49,306 44,520
General and administrative 6,506 6,535 13,622 12,861
Total operating expenses 51,525 52,779 104,148 102,631
Income from vessel operations 44,829 39,468 91,422 82,835
OTHER ITEMS        
Interest expense (note 7) (13,734) (12,136) (26,532) (23,890)
Interest income 949 1,698 1,881 3,276
Realized and unrealized loss on derivative instruments (note 10) (18,145) (27,329) (34,048) (16,560)
Foreign currency exchange gain (loss) (notes 7 and 10) 13,927 (8,859) 4,259 (29,892)
Equity income 11,086 3,447 28,134 11,504
Other income (expense) 480 141 694 (270)
Total other items (5,437) (43,038) (25,612) (55,832)
Net income (loss) before income tax (expense) recovery 39,392 (3,570) 65,810 27,003
Income tax (expense) recovery (note 8) (132) (119) 129 (955)
Net income (Loss) 39,260 (3,689) 65,939 26,048
Non-controlling interest in net income (loss) 1,572 (561) 3,520 4,196
General Partner's interest in net income (loss) 5,293 2,303 10,325 5,167
Limited partner's interest in net income (loss) $ 32,395 $ (5,431) $ 52,094 $ 16,685
Limited partners interest in net income (loss) per unit        
Common and total unit (basic and diluted) $ 0.50 $ (0.09) $ 0.80 $ 0.29
Weighted-average number of common and total units outstanding (basic and diluted)        
Weighted-average number of common and total units outstanding (basic and diluted) 64,857,900 59,152,816 64,857,900 57,140,637
Cash distributions declared per unit $ 0.6750 $ 0.6300 $ 1.3050 $ 1.2600