XML 14 R3.htm IDEA: XBRL DOCUMENT  v2.3.0.11
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