XML 77 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Millions, except Per Share data, unless otherwise specified
 12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
REVENUES      
Supply and Logistics segment revenues $ 33,065 $ 24,989 $ 17,757
Transportation segment revenues 572 565 536
Facilities segment revenues 638 339 227
Total revenues 34,275 25,893 18,520
COSTS AND EXPENSES      
Purchases and related costs 31,564 23,921 16,656
Field operating costs 870 689 638
General and administrative expenses 294 260 211
Depreciation and amortization 249 256 236
Total costs and expenses 32,977 25,126 17,741
OPERATING INCOME 1,298 767 779
OTHER INCOME/(EXPENSE)      
Equity earnings in unconsolidated entities 13 3 15
Interest expense (net of capitalized interest of $25, $16 and $15, respectively) (253) (248) (224)
Other income/(expense), net (19) (9) 16
INCOME BEFORE TAX 1,039 513 586
Current income tax benefit/(expense) (38) 1 (15)
Deferred income tax benefit/(expense) (7)   9
NET INCOME 994 514 580
Less: Net income attributable to noncontrolling interests (28) (9) (1)
NET INCOME ATTRIBUTABLE TO PLAINS 966 505 579
NET INCOME ATTRIBUTABLE TO PLAINS:      
LIMITED PARTNERS 730 330 434
GENERAL PARTNER $ 236 $ 175 $ 145
BASIC NET INCOME PER LIMITED PARTNER UNIT (in dollars per unit) $ 4.91 $ 2.41 $ 3.34
DILUTED NET INCOME PER LIMITED PARTNER UNIT (in dollars per unit) $ 4.88 $ 2.40 $ 3.32
BASIC WEIGHTED AVERAGE UNITS OUTSTANDING (in units) 149 137 130
DILUTED WEIGHTED AVERAGE UNITS OUTSTANDING (in units) 150 138 131