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Business Acquisitions (Tables) | 9 Months Ended
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Sep. 30, 2015
Business Combinations [Abstract] |
Allocation of Total Purchase Prices Paid in Connection with Business Combinations | The following table summarizes the consideration paid in the EFS Midstream acquisition and the amounts of the assets acquired and liabilities assumed as of July 1, 2015:
Consideration: |  |  |
Cash |  | $ | 1,058.5 |
Accrued liability related to EFS Midstream acquisition |  |  | 997.7 |
Total consideration |  | $ | 2,056.2 |
Identifiable assets acquired in business combination: |  |  |  |
Current assets, including cash of $13.4 million |  | $ | 64.0 |
Property, plant and equipment |  |  | 636.0 |
Customer relationship intangible assets |  |  | 1,409.8 |
Total assets acquired |  |  | 2,109.8 |
Liabilities assumed in business combination: |  |  |  |
Current liabilities |  |  | (9.6 | )
Long-term debt |  |  | (125.0 | )
Other long-term liabilities |  |  | (1.3 | )
Total liabilities assumed |  |  | (135.9 | )
Total assets acquired less liabilities assumed |  |  | 1,973.9 |
Total consideration given for EFS Midstream |  |  | 2,056.2 |
Goodwill |  | $ | 82.3 |
Unaudited Pro Forma Earnings Information | Since the effective date of the EFS Midstream acquisition was July 1, 2015, our Unaudited Condensed Statements of Consolidated Operations do not include earnings from this business prior to this date. The following table presents selected unaudited pro forma earnings information for the nine months ended September 30, 2015 and 2014 as if the acquisition had been completed on January 1, 2014. This pro forma information was prepared using historical financial data for EFS Midstream and reflects certain estimates and assumptions made by our management. Our unaudited pro forma financial information is not necessarily indicative of what our consolidated financial results would have been for the periods presented had we acquired EFS Midstream on January 1, 2014.
|  | For the Three Months Ended September 30, 2014 |  |  | For the Nine Months Ended September 30, |
|  |  |  | 2015 |  |  | 2014 |
Pro forma earnings data: |  |  |  |  |  |  |  |  |
Revenues |  | $ | 12,388.7 |  |  | $ | 20,993.5 |  |  | $ | 37,927.5 |
Costs and expenses |  |  | 11,502.6 |  |  |  | 18,645.5 |  |  |  | 35,195.2 |
Operating income |  |  | 958.4 |  |  |  | 2,650.5 |  |  |  | 2,911.4 |
Net income |  |  | 715.3 |  |  |  | 1,900.9 |  |  |  | 2,195.5 |
Net income attributable to noncontrolling interests |  |  | 8.1 |  |  |  | 28.5 |  |  |  | 24.8 |
Net income attributable to limited partners |  |  | 707.2 |  |  |  | 1,872.4 |  |  |  | 2,170.7 |
Basic earnings per unit: |  |  |  |  |  |  |  |  |  |  |  |
As reported basic earnings per unit |  | $ | 0.38 |  |  | $ | 0.94 |  |  | $ | 1.16 |
Pro forma basic earnings per unit |  | $ | 0.38 |  |  | $ | 0.96 |  |  | $ | 1.18 |
Diluted earnings per unit: |  |  |  |  |  |  |  |  |  |  |  |
As reported diluted earnings per unit |  | $ | 0.37 |  |  | $ | 0.92 |  |  | $ | 1.13 |
Pro forma diluted earnings per unit |  | $ | 0.38 |  |  | $ | 0.94 |  |  | $ | 1.15 |

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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1486-128463 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1392-128463 + Details
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