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Transactions Related to the Partnership
 3 Months Ended
Mar. 31, 2014
Transactions Related to the Partnership  
Transactions Related to the Partnership

16.  Transactions Related to the Partnership

 

In March 2013, we sold to the Partnership contract operations customer service agreements with 50 customers and a fleet of 363 compressor units used to provide compression services under those agreements, comprising approximately 256,000 horsepower, or 8% (by then available horsepower) of our and the Partnership’s combined U.S. contract operations business. The assets sold also included 204 compressor units, comprising approximately 99,000 horsepower, previously leased to the Partnership and contracts relating to approximately 6,000 horsepower of compressor units the Partnership already owned and previously leased to us. Total consideration for the transaction was approximately $174.0 million, excluding transaction costs, and consisted of the Partnership’s issuance to us of approximately 7.1 million common units and approximately 145,000 general partner units. As a result, adjustments were made to noncontrolling interest, accumulated other comprehensive income (loss), deferred income taxes and additional paid-in capital to reflect our new ownership percentage in the Partnership.

 

The following table presents the effects of changes from net income attributable to Exterran stockholders and changes in our equity interest of the Partnership on our equity attributable to Exterran stockholders (in thousands):

 

 

 

Three Months Ended March 31,

 

 

 

2014

 

2013

 

Net income attributable to Exterran stockholders

 

$

32,596

 

$

50,205

 

Increase in Exterran stockholders’ additional paid in capital for change in ownership of Partnership units

 

—

 

31,573

 

Change from net income attributable to Exterran stockholders and transfers to/from the noncontrolling interest

 

$

32,596

 

$

81,778