XML 11 R2.htm IDEA: XBRL DOCUMENT v3.21.2
Unaudited Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Income Statement [Abstract]        
Voyage revenues (notes 6 and 10a) $ 148,769 $ 148,205 $ 301,571 $ 288,092
Voyage expenses (6,360) (5,329) (13,543) (7,646)
Vessel operating expenses (32,536) (28,407) (62,625) (54,511)
Time-charter hire expenses (5,867) (5,368) (11,717) (11,290)
Depreciation and amortization (32,349) (31,629) (64,251) (64,268)
General and administrative expenses (6,921) (7,883) (14,088) (14,050)
Asset Impairment Charges 0 0 0 (45,000)
Income (loss) from vessel operations 64,736 69,589 135,347 91,327
Equity income (notes 7 and 10a) 28,940 32,155 66,456 32,528
Interest expense (30,084) (35,143) (59,736) (71,847)
Interest income (note 7) 1,302 1,697 3,308 4,067
Realized and unrealized (loss) gain on non-designated derivative instruments (note 11)
 (2,870) (8,516) 3,748 (28,987)
Foreign currency exchange (loss) gain (notes 8 and 11) (2,843) (11,624) 4,117 (6,885)
Other expense (note 3b) (1,088) (679) (4,857) (1,040)
Net income before income tax expense 58,093 47,479 148,383 19,163
Income tax (expense) recovery (note 9) (1,815) 1,804 (1,038) (708)
Net income 56,278 49,283 147,345 18,455
Non-controlling interest in net income     6,466 6,515
Preferred unitholders' interest in comprehensive income 6,425 6,425 12,850 12,850
General partner's interest in net income (loss) 823 713 2,249 (76)
Limited partners’ interest in net income (loss) $ 46,040 $ 37,796 $ 125,780 $ (834)
Limited partners’ interest in net income (loss) per common unit (note 13):        
Basic (usd per unit) $ 0.53 $ 0.46 $ 1.45 $ (0.01)
Diluted (usd per unit) $ 0.53 $ 0.46 $ 1.44 $ (0.01)
Weighted-average number of common units outstanding (note 13):        
Basic (units) 86,970,999 82,197,665 86,963,374 79,629,623
Diluted (units) 87,133,146 82,262,235 87,112,516 79,629,623