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Preferred Units (Tables) | 3 Months Ended
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Mar. 31, 2022
Preferred Units and Warrants |
Dividends Declared | We have declared and paid quarterly cash distributions per unit to the holders of the Preferred Units of record as follows:
Payment Date |  | Distribution per Preferred Unit
February 5, 2021 |  | $ | 24.375 |
May 7, 2021 |  | 24.375 |
August 6, 2021 |  | 24.375 |
November 5, 2021 |  | 24.375 |
2021 total distributions |  | $ | 97.500 |
February 4, 2022 |  | $ | 24.375 |
Changes in the Preferred Units balance | Changes in the Preferred Units balance are as follows (in thousands):
| Preferred Units
Balance as of December 31, 2021 | $ | 477,309 |
Net income allocated to Preferred Units | 12,187 |
Cash distributions on Preferred Units | (12,187) |
Balance as of March 31, 2022 | $ | 477,309 |

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- Definition Tabular disclosure of preferred units of master limited partnerships that have priority over limited partner units in areas including liquidation, redemption, conversion, tax status of distribution or sharing in distributions. This schedule ordinarily includes a description of the preferred units that details various rights including redemption, conversion, liquidation, and sharing in distributions; capital contributed by preferred partners; number of preferred units authorized to be issued, issued, and outstanding; aggregate cumulative cash distributions made to the preferred partners; aggregate cumulative net income earned by the preferred partners; capital account balance of the preferred partners. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 5 -Subparagraph (SAB TOPIC 4.F) -URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187171-122770 + Details
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- Definition Represents preferred units and warrants. + References No definition available. + Details
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