XML 55 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Millions, except Per Share data, unless otherwise specified
 3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
REVENUES        
Supply and Logistics segment revenues $ 10,856 $ 9,933 $ 22,201 $ 20,157
Transportation segment revenues 195 165 376 338
Facilities segment revenues 144 197 301 420
Total revenues 11,195 10,295 22,878 20,915
COSTS AND EXPENSES        
Purchases and related costs 10,280 9,387 20,950 18,825
Field operating costs 360 343 696 684
General and administrative expenses 90 91 179 196
Depreciation and amortization 100 91 196 173
Total costs and expenses 10,830 9,912 22,021 19,878
OPERATING INCOME 365 383 857 1,037
OTHER INCOME/(EXPENSE)        
Equity earnings in unconsolidated entities 23 11 44 23
Interest expense (net of capitalized interest of $10, $10, $22 and $19, respectively) (82) (75) (161) (152)
Other income/(expense), net 4 (1) 2 (1)
INCOME BEFORE TAX 310 318 742 907
Current income tax expense (16) (8) (52) (53)
Deferred income tax expense (6) (10) (18) (17)
NET INCOME 288 300 672 837
Net income attributable to noncontrolling interests (1) (8) (1) (16)
NET INCOME ATTRIBUTABLE TO PAA 287 292 671 821
NET INCOME ATTRIBUTABLE TO PAA:        
LIMITED PARTNERS 166 197 435 631
GENERAL PARTNER $ 121 $ 95 $ 236 $ 190
BASIC NET INCOME PER LIMITED PARTNER UNIT (in dollars per unit) $ 0.45 $ 0.58 $ 1.19 $ 1.85
DILUTED NET INCOME PER LIMITED PARTNER UNIT (in dollars per unit) $ 0.45 $ 0.57 $ 1.18 $ 1.84
BASIC WEIGHTED AVERAGE UNITS OUTSTANDING (in units) 365 340 363 338
DILUTED WEIGHTED AVERAGE UNITS OUTSTANDING (in units) 367 342 365 341