XML 22 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
REVENUES        
Supply and Logistics segment revenues $ 4,876 $ 5,247 $ 13,344 $ 17,225
Transportation segment revenues 159 172 482 538
Facilities segment revenues 135 132 405 393
Total revenues 5,170 5,551 14,231 18,156
COSTS AND EXPENSES        
Purchases and related costs 4,429 4,701 12,000 15,591
Field operating costs 289 348 893 1,111
General and administrative expenses 70 60 210 217
Depreciation and amortization 33 107 351 319
Total costs and expenses 4,821 5,216 13,454 17,238
OPERATING INCOME 349 335 777 918
OTHER INCOME/(EXPENSE)        
Equity earnings in unconsolidated entities 46 45 133 134
Interest expense (net of capitalized interest of $11, $14, $37 and $42, respectively) (113) (109) (339) (320)
Other income/(expense), net 17 (4) 46 (7)
INCOME BEFORE TAX 299 267 617 725
Current income tax expense (4) (11) (45) (72)
Deferred income tax benefit/(expense) 3 (6) 30 6
NET INCOME 298 250 602 659
Net income attributable to noncontrolling interests (1) (1) (3) (2)
NET INCOME ATTRIBUTABLE TO PAA 297 249 599 657
BASIC NET INCOME PER COMMON UNIT (NOTE 3):        
Net income allocated to common unitholders - Basic 162 98 110 211
Net income allocated to common unitholders - Diluted $ 162 $ 98 $ 110 $ 211
Common Units        
BASIC NET INCOME PER COMMON UNIT (NOTE 3):        
Basic weighted average common units outstanding (units) 401 398 399 393
Basic net income per common unit (usd per unit) $ 0.40 $ 0.25 $ 0.27 $ 0.54
Diluted weighted average common units outstanding (units) 402 399 400 395
Diluted net income per common unit (usd per unit) $ 0.40 $ 0.24 $ 0.27 $ 0.53