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Acquisitions and Dispositions (Tables)
12 Months Ended
Dec. 31, 2013
Business acquisition  
Schedule of amortization of the contract under the declining balance method for the five full or partial calendar years

 

 

2014

 

$

59

 

2015

 

$

52

 

2016

 

$

45

 

2017

 

$

42

 

2018

 

$

36

 

 

Summary of unaudited pro forma results of operations

 

 

 

 

 

Year Ended December 31,

 

 

 

2012

 

2011

 

Total revenues

 

$

38,729

 

$

37,493

 

Net income attributable to PAA

 

$

1,149

 

$

1,153

 

Limited partner interest in net income attributable to PAA

 

$

846

 

$

928

 

Net income per limited partner unit:

 

 

 

 

 

Basic

 

$

2.57

 

$

3.01

 

Diluted

 

$

2.55

 

$

2.99

 

 

BP NGL Acquisition
 
Business acquisition  
Business acquisition fair value determination

 

 

 

 

 

 

Average

 

 

 

 

 

Depreciable

 

Description

 

Amount

 

Life (in years)

 

Working capital

 

$

241

 

N/A

 

Property and equipment

 

1,081

 

5 - 70

 

Linefill

 

85

 

N/A

 

Long-term inventory

 

165

 

N/A

 

Intangible assets (contract)

 

130

 

13

 

Goodwill

 

236

 

N/A

 

Deferred tax liability

 

(236

)

N/A

 

Environmental liability

 

(14

)

N/A

 

Other long-term liabilities

 

(5

)

N/A

 

Total

 

$

1,683

 

 

 

 

Schedule of amortization of the contract under the declining balance method for the five full or partial calendar years

 

 

2014

 

$

10

 

2015

 

$

8

 

2016

 

$

7

 

2017

 

$

6

 

 

Southern Pines Acquisition
 
Business acquisition  
Business acquisition fair value determination

 

 

 

 

 

 

Average

 

 

 

 

 

Depreciable

 

Description

 

Amount

 

Life (in years)

 

Inventory

 

$

14

 

N/A

 

Property and equipment

 

340

 

5 - 70

 

Base gas

 

3

 

N/A

 

Other working capital (including approximately $13 million of cash acquired)

 

15

 

N/A

 

Intangible assets

 

92

 

2 - 10

 

Goodwill

 

301

 

N/A

 

Total

 

$

765

 

 

 

 

Other 2011 Acquisitions
 
Business acquisition  
Business acquisition fair value determination

 

 

Description

 

Amount

 

Inventory

 

$

2

 

Linefill

 

2

 

Property and equipment

 

280

 

Other working capital, net of cash acquired

 

(6

)

Intangible assets

 

142

 

Environmental liability

 

(9

)

Goodwill

 

178

 

Total

 

$

589