XML 81 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, 2012
Dec. 31, 2011
Dec. 31, 2010
REVENUES      
Supply and Logistics segment revenues $ 36,438 $ 33,065 $ 24,989
Transportation segment revenues 623 572 565
Facilities segment revenues 736 638 339
Total revenues 37,797 34,275 25,893
COSTS AND EXPENSES      
Purchases and related costs 34,368 31,564 23,921
Field operating costs 1,180 870 689
General and administrative expenses 342 294 260
Depreciation and amortization 482 249 256
Total costs and expenses 36,372 32,977 25,126
OPERATING INCOME 1,425 1,298 767
OTHER INCOME/(EXPENSE)      
Equity earnings in unconsolidated entities 38 13 3
Interest expense (net of capitalized interest of $36, $25 and $16, respectively) (288) (253) (248)
Other income/(expense), net 6 (19) (9)
INCOME BEFORE TAX 1,181 1,039 513
Current income tax benefit/(expense) (53) (38) 1
Deferred income tax expense (1) (7)  
NET INCOME 1,127 994 514
Net income attributable to noncontrolling interests (33) (28) (9)
NET INCOME ATTRIBUTABLE TO PLAINS 1,094 966 505
NET INCOME ATTRIBUTABLE TO PLAINS :      
LIMITED PARTNERS 789 730 330
GENERAL PARTNER $ 305 $ 236 $ 175
BASIC NET INCOME PER LIMITED PARTNER UNIT (in dollars per unit) $ 2.41 $ 2.46 $ 1.21
DILUTED NET INCOME PER LIMITED PARTNER UNIT (in dollars per unit) $ 2.40 $ 2.44 $ 1.20
BASIC WEIGHTED AVERAGE UNITS OUTSTANDING (in units) 325 297 274
DILUTED WEIGHTED AVERAGE UNITS OUTSTANDING (in units) 328 299 275