XML 22 R48.htm IDEA: XBRL DOCUMENT v2.4.0.8
Acquisitions and Dispositions (Details) (USD $)
12 Months Ended 0 Months Ended 1 Months Ended 12 Months Ended 0 Months Ended 12 Months Ended 0 Months Ended 12 Months Ended 0 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Apr. 02, 2012
BP NGL Acquisition
Mar. 31, 2012
BP NGL Acquisition
Dec. 31, 2013
BP NGL Acquisition
Dec. 31, 2012
BP NGL Acquisition
Dec. 31, 2013
BP NGL Acquisition
Minimum
Dec. 31, 2013
BP NGL Acquisition
Maximum
Dec. 12, 2012
railterminal
Dec. 31, 2012
Dec. 31, 2013
2013 Acquisitions
Dec. 31, 2012
Other 2012 Acquisitions
Feb. 09, 2011
Southern Pines Acquisition
Dec. 31, 2011
Southern Pines Acquisition
Dec. 31, 2013
Southern Pines Acquisition
Minimum
Dec. 31, 2013
Southern Pines Acquisition
Maximum
Dec. 31, 2011
Other 2011 Acquisitions
entity
Dec. 29, 2011
Western Acquisition
transaction
mi
in
Nov. 29, 2011
Gardendale Gathering System Acquisition
mi
Business acquisition                                        
Interest acquired (as a percent)                           100.00%           100.00%
Purchase Price       $ 1,680,000,000           $ 503,000,000   $ 19,000,000 $ 150,000,000 $ 765,000,000       $ 20,000,000 $ 220,000,000 $ 349,000,000
Number of operating crude oil rail terminals acquired                   4                    
Number of terminals under development acquired                   1                    
Imputed interest       17,000,000                                
Purchase price net of cash and other working capital acquired                           750,000,000            
Release of restricted cash previously held in escrow     (20,000,000)                     (20,000,000)            
Number of transactions completed                                     2  
Number of additional acquisitions completed (in entities)                                   6    
Pipelines acquired (in miles)                                     82 120
Diameter of pipeline acquired (in inches)                                     16  
Business acquisition, allocation of fair value of assets and liabilities                                        
Working capital             241,000,000       1,000,000                  
Inventory                             14,000,000     2,000,000    
Property and equipment             1,081,000,000       76,000,000       340,000,000     280,000,000    
Base Gas                             3,000,000          
Other working capital (including cash acquired)                             15,000,000          
Cash acquired                             13,000,000          
Linefill             85,000,000                     2,000,000    
Other working capital                                   (6,000,000)    
Long-term inventory             165,000,000                          
Intangible assets             130,000,000               92,000,000     142,000,000    
Environmental liability             (14,000,000)                     (9,000,000)    
Goodwill 2,503,000,000 2,535,000,000 1,854,000,000       236,000,000       426,000,000 6,000,000 10,000,000   301,000,000     178,000,000   155,000,000
Deferred tax liability             (236,000,000)                          
Other long-term liabilities             (5,000,000)                          
Total net assets acquired             1,683,000,000               765,000,000     589,000,000    
Net proceeds from issuance of common units and senior notes         1,690,000,000                              
Acquisition-related costs             13,000,000                          
Property and equipment, useful life                                        
Average Depreciable Life               5 years 70 years             5 years 70 years      
Finite Lived Intangible assets                                        
Average Depreciable Life           13 years                   2 years 10 years      
Amortization under the declining balance method 85,000,000 90,000,000 36,000,000     31,000,000 41,000,000                          
Tax abatement included in amortizable intangible assets                             15,000,000          
Contracts value included in amortizable intangible assets                             77,000,000          
Estimated amortization expense                                        
2014 59,000,000         10,000,000                            
2015 52,000,000         8,000,000                            
2016 45,000,000         7,000,000                            
2017 42,000,000         6,000,000                            
Supplemental pro forma:                                        
Pro Forma, Total revenues   38,729,000,000 37,493,000,000                                  
Pro forma, Net income attributable to PAA   1,149,000,000 1,153,000,000                                  
Pro forma, limited partner interest in net income attributable to PAA   $ 846,000,000 $ 928,000,000                                  
Pro forma, Basic net income per limited partner unit (in dollars per unit)   $ 2.57 $ 3.01                                  
Pro forma, Diluted net income per limited partner unit (in dollars per unit)   $ 2.55 $ 2.99