XML 18 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
REVENUES        
Supply and Logistics segment revenues $ 5,573 $ 4,876 $ 17,749 $ 13,344
Transportation segment revenues 160 159 459 482
Facilities segment revenues 140 135 410 405
Total revenues 5,873 5,170 18,618 14,231
COSTS AND EXPENSES        
Purchases and related costs 5,327 4,429 16,239 12,000
Field operating costs 283 289 876 893
General and administrative expenses 68 70 210 210
Depreciation and amortization 151 33 401 351
Total costs and expenses 5,829 4,821 17,726 13,454
OPERATING INCOME 44 349 892 777
OTHER INCOME/(EXPENSE)        
Equity earnings in unconsolidated entities 80 46 201 133
Interest expense (net of capitalized interest of $11, $11, $26 and $37, respectively) (134) (113) (390) (339)
Other income/(expense), net (1) 17 (6) 46
INCOME/(LOSS) BEFORE TAX (11) 299 697 617
Current income tax benefit/(expense) 1 (4) (9) (45)
Deferred income tax benefit/(expense) 44 3 (21) 30
NET INCOME 34 298 667 602
Net income attributable to noncontrolling interests (1) (1) (2) (3)
NET INCOME ATTRIBUTABLE TO PAA 33 297 665 599
NET INCOME/(LOSS) PER COMMON UNIT (NOTE 3):        
Net income/(loss) allocated to common unitholders — Basic (8) 162 547 110
Net income/(loss) allocated to common unitholders — Diluted $ (8) $ 162 $ 547 $ 110
Common Units        
NET INCOME/(LOSS) PER COMMON UNIT (NOTE 3):        
Basic weighted average common units outstanding (units) 725 401 714 399
Basic net income/(loss) per common unit (usd per unit) $ (0.01) $ 0.40 $ 0.77 $ 0.27
Diluted weighted average common units outstanding (units) 725 402 715 400
Diluted net income/(loss) per common unit (usd per unit) $ (0.01) $ 0.40 $ 0.76 $ 0.27