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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) In Millions, except Per Share data | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2011 | Jun. 30, 2010 | Jun. 30, 2011 | Jun. 30, 2010
REVENUES |  |  |  |
Supply & Logistics segment revenues | $ 8,586 | $ 5,901 | $ 16,021 | $ 11,813
Transportation segment revenues | 147 | 139 | 288 | 277
Facilities segment revenues | 126 | 84 | 244 | 158
Total revenues | 8,859 | 6,124 | 16,553 | 12,248
COSTS AND EXPENSES |  |  |  |
Purchases and related costs | 8,202 | 5,641 | 15,281 | 11,263
Field operating costs | 223 | 171 | 420 | 334
General and administrative expenses | 73 | 56 | 143 | 117
Depreciation and amortization | 63 | 64 | 126 | 131
Total costs and expenses | 8,561 | 5,932 | 15,970 | 11,845
OPERATING INCOME | 298 | 192 | 583 | 403
OTHER INCOME/(EXPENSE) |  |  |  |
Equity earnings in unconsolidated entities | 4 | 1 | 5 | 2
Interest expense (net of capitalized interest of $6, $3, $11 and $9, respectively) | (62) | (62) | (128) | (120)
Other income/(expense), net | 2 | 2 | (20) | (1)
INCOME BEFORE TAX | 242 | 133 | 440 | 284
Current income tax benefit/(expense) | (8) | 1 | (18) | (1)
Deferred income tax benefit/(expense) | (1) | (1) | (4) | 1
NET INCOME | 233 | 133 | 418 | 284
Less: Net income attributable to noncontrolling interests | (8) | (2) | (10) | (2)
NET INCOME ATTRIBUTABLE TO PLAINS | 225 | 131 | 408 | 282
NET INCOME ATTRIBUTABLE TO PLAINS: |  |  |  |
LIMITED PARTNERS | 171 | 90 | 305 | 201
GENERAL PARTNER | $ 54 | $ 41 | $ 103 | $ 81
BASIC NET INCOME PER LIMITED PARTNER UNIT (in dollars per unit) | $ 1.14 | $ 0.65 | $ 2.04 | $ 1.45
DILUTED NET INCOME PER LIMITED PARTNER UNIT (in dollars per unit) | $ 1.13 | $ 0.65 | $ 2.03 | $ 1.45
BASIC WEIGHTED AVERAGE UNITS OUTSTANDING (in units) | 149 | 136 | 146 | 136
DILUTED WEIGHTED AVERAGE UNITS OUTSTANDING (in units) | 150 | 137 | 147 | 137

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