v2.4.0.8
Consolidated Statements Of Income (USD $)
In Thousands, 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
Transportation and terminals revenue $ 360,517 $ 295,326 $ 1,031,722 $ 805,059
Product sales revenue 155,865 144,852 589,585 504,485
Affiliate management fee revenue 5,219 3,657 15,346 10,624
Total revenue 521,601 443,835 1,636,653 1,320,168
Costs and expenses:        
Operating 132,387 103,262 330,758 245,858
Cost of product sales 91,591 120,299 398,734 396,025
Depreciation and amortization 38,054 35,270 122,462 105,788
General and administrative 35,377 32,755 109,621 96,073
Total costs and expenses 297,409 291,586 961,575 843,744
Earnings of non-controlled entities 1,645 2,375 4,066 5,162
Operating profit 225,837 154,624 679,144 481,586
Interest expense 34,993 31,852 108,674 95,295
Interest income (374) (215) (1,171) (250)
Interest capitalized (9,205) (3,780) (21,358) (10,474)
Debt placement fee amortization expense 566 540 1,767 1,620
Income before provision for income taxes 199,857 126,227 591,232 395,395
Provision for income taxes 1,237 604 3,798 3,165
Net income $ 198,620 $ 125,623 $ 587,434 $ 392,230
Basic net income per limited partner unit $ 0.87 $ 0.55 $ 2.59 $ 1.73
Diluted net income per limited partner unit $ 0.87 $ 0.55 $ 2.58 $ 1.73
Weighted average number of limited partner units outstanding used for basic net income per unit calculation 227,294 226,866 227,242 226,812
Weighted average number of limited partner units outstanding used for diluted net income per unit calculation 227,830 226,866 227,422 226,812