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Simplification Transactions (Tables)
 6 Months Ended
Jun. 30, 2016
Simplification Transaction  
Selected pro forma results of operations and balance sheet amounts per the Simplification Agreement

Selected unaudited pro forma results of operations for the three and six months ended June 30, 2016 are presented below giving effect to the Simplification Transactions as if they had occurred on January 1, 2016 (amounts in millions, except per unit data):

 

 

 

Three Months Ended

 

Six Months Ended

 

 

 

June 30, 2016

 

June 30, 2016

 

Net income attributable to PAA

 

$
98 

 

$
296 

 

Basic net income per common unit

 

$
0.10 

 

$
0.37 

 

Diluted net income per common unit

 

$
0.10 

 

$
0.37 

 

 

Selected unaudited pro forma balance sheet amounts as of June 30, 2016 are presented below giving effect to the Simplification Transactions as if they had occurred on June 30, 2016 (amounts in millions):

 

 

 

As of

 

 

 

June 30, 2016

 

LONG-TERM LIABILITIES

 

 

 

Other long-term debt, net of unamortized debt issuance costs

 

$
962 

 

 

 

 

 

PARTNERS’ CAPITAL

 

 

 

Common unitholders

 

$
6,799 

 

General partner

 

$

—

 

Total partners’ capital

 

$
8,366