XML 54 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
REVENUES        
Supply and Logistics segment revenues $ 10,788 $ 10,386 $ 32,988 $ 30,542
Transportation segment revenues 198 179 574 517
Facilities segment revenues 141 138 443 558
Total revenues 11,127 10,703 34,005 31,617
COSTS AND EXPENSES        
Purchases and related costs 10,166 9,909 31,116 28,733
Field operating costs 382 326 1,078 1,010
General and administrative expenses 79 79 260 276
Depreciation and amortization 97 93 294 266
Total costs and expenses 10,724 10,407 32,748 30,285
OPERATING INCOME 403 296 1,257 1,332
OTHER INCOME/(EXPENSE)        
Equity earnings in unconsolidated entities 29 19 73 42
Interest expense (net of capitalized interest of $12, $11, $33 and $30, respectively) (88) (73) (254) (227)
Other income/(expense), net (4) 3 (2) 2
INCOME BEFORE TAX 340 245 1,074 1,149
Current income tax expense (10) (17) (62) (69)
Deferred income tax benefit/(expense) (19) 8 (54) (10)
NET INCOME 311 236 958 1,070
Net income attributable to noncontrolling interests (295) (235) (913) (1,067)
NET INCOME ATTRIBUTABLE TO PAGP $ 16 $ 1 $ 45 $ 3
BASIC AND DILUTED NET INCOME PER CLASS A SHARE (in dollars per share) $ 0.12   $ 0.33  
BASIC AND DILUTED WEIGHTED AVERAGE CLASS A SHARES OUTSTANDING (in shares) 136   136