XML 20 R5.htm IDEA: XBRL DOCUMENT v3.22.2.2
Consolidated Statements of Income and Comprehensive Income - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Net revenues:      
Affiliate [1] $ 418,826 $ 382,666 $ 261,014
Third party 282,076 180,752 322,978
Net revenues 700,902 563,418 583,992
Cost of sales:      
Cost of materials and other 384,409 269,094 336,473
Operating expenses (excluding depreciation and amortization presented below) 58,398 53,846 71,341
Depreciation and amortization 40,945 33,737 24,893
Total cost of sales 483,752 356,677 432,707
Operating expenses related to wholesale business (excluding depreciation and amortization presented below) 2,337 2,433 2,816
General and administrative expenses 22,545 22,587 20,815
Depreciation and amortization 1,825 1,994 1,808
Other operating (income) expense, net (59) (66) 34
Total operating costs and expenses 510,400 383,625 458,180
Operating income 190,502 179,793 125,812
Interest expense, net 50,221 42,874 47,328
Income from equity method investments (24,575) (22,693) (19,832)
Other (income) expense, net (119) 133 600
Total non-operating expenses, net 25,527 20,314 28,096
Income before income tax expense 164,975 159,479 97,716
Income tax expense 153 223 967
Net income attributable to partners 164,822 159,256 96,749
Comprehensive income attributable to partners 164,822 159,256 96,749
General partner's interest in net income, including incentive distribution rights [2] 0 18,724 33,080
Limited partners' interest in net income $ 164,822 $ 140,532 $ 63,669
Net income per limited partner unit:      
Common units - basic (in dollars per unit) $ 3.79 $ 4.18 $ 2.61
Common - diluted (in dollars per unit) $ 3.79 $ 4.18 $ 2.61
Weighted average limited partner units outstanding:      
Common units - basic (in units) 43,447,739 33,594,284 24,413,294
Common units - diluted (in units) 43,460,470 33,597,418 24,418,641
Cash distributions per limited partner unit (in dollars per unit) $ 3.785 $ 3.605 $ 3.440
[1] See Note 4 for a description of our material affiliate revenue transactions.
[2] See Note 4 for a description of the IDR Restructuring Transaction.