XML 39 R22.htm IDEA: XBRL DOCUMENT
v3.2.0.727

Net Income Per Limited Partner Unit (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2015
Net Income Per Limited Partner Unit |
Computation of basic and diluted net income/(loss) per limited partner unit | The following table sets forth the computation of basic and diluted net income/(loss) per limited partner unit for the periods indicated (in millions, except per unit data):
|  | Three Months Ended |  | Six Months Ended |
|  | June 30, |  | June 30, |
|  | 2015 |  | 2014 |  | 2015 |  | 2014 |
Basic Net Income per Limited Partner Unit |  |  |  |  |  |  |  |  |  |  |  |  |
Net income attributable to PAA |  | $ | 124 |  | $ | 287 |  | $ | 407 |  | $ | 671 |
Less: General partner’s incentive distribution (1) |  |  | (146) |  |  | (117) |  |  | (289) |  |  | (227) |
Less: General partner 2% ownership (1) |  |  | — |  |  | (4) |  |  | (2) |  |  | (9) |
Net income/(loss) attributable to limited partners |  |  | (22) |  |  | 166 |  |  | 116 |  |  | 435 |
Less: Undistributed earnings allocated and distributions to participating securities (1) |  |  | (1) |  |  | (1) |  |  | (3) |  |  | (3) |
Net income/(loss) attributable to limited partners in accordance with application of the two-class method for MLPs |  | $ | (23) |  | $ | 165 |  | $ | 113 |  | $ | 432 |
Basic weighted average limited partner units outstanding |  |  | 397 |  |  | 365 |  |  | 390 |  |  | 363 |
Basic net income/(loss) per limited partner unit |  | $ | (0.06) |  | $ | 0.45 |  | $ | 0.29 |  | $ | 1.19 |
Diluted Net Income per Limited Partner Unit |  |  |  |  |  |  |  |  |  |  |  |  |
Net income attributable to PAA |  | $ | 124 |  | $ | 287 |  | $ | 407 |  | $ | 671 |
Less: General partner’s incentive distribution (1) |  |  | (146) |  |  | (117) |  |  | (289) |  |  | (227) |
Less: General partner 2% ownership (1) |  |  | — |  |  | (4) |  |  | (2) |  |  | (9) |
Net income/(loss) attributable to limited partners |  |  | (22) |  |  | 166 |  |  | 116 |  |  | 435 |
Less: Undistributed earnings allocated and distributions to participating securities (1) |  |  | (1) |  |  | (1) |  |  | (3) |  |  | (3) |
Net income/(loss) attributable to limited partners in accordance with application of the two-class method for MLPs |  | $ | (23) |  | $ | 165 |  | $ | 113 |  | $ | 432 |
Basic weighted average limited partner units outstanding |  |  | 397 |  |  | 365 |  |  | 390 |  |  | 363 |
Effect of dilutive securities: Weighted average LTIP units |  |  | 3 |  |  | 2 |  |  | 3 |  |  | 2 |
Diluted weighted average limited partner units outstanding |  |  | 400 |  |  | 367 |  |  | 393 |  |  | 365 |
Diluted net income/(loss) per limited partner unit |  | $ | (0.06) |  | $ | 0.45 |  | $ | 0.29 |  | $ | 1.18 |
| (1) |  | We calculate net income attributable to limited partners based on the distributions pertaining to the current period’s net income. After adjusting for the appropriate period’s distributions, the remaining undistributed earnings or excess distributions over earnings, if any, are allocated to the general partner, limited partners and participating securities in accordance with the contractual terms of the partnership agreement and as further prescribed under the two-class method.

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration