Summary of Changes in Outstanding Units |
The following table summarizes changes in the number of our common units outstanding since December 31, 2020:
Common units outstanding at December 31, 2020 |
|
|
2,182,308,958 |
|
Common unit repurchases under 2019 Buyback Program |
|
|
(709,816 |
) |
Common units issued in connection with the vesting of phantom unit awards, net |
|
|
3,553,313 |
|
Other |
|
|
26,148 |
|
Common units outstanding at March 31, 2021 |
|
|
2,185,178,603 |
|
Common units issued in connection with the vesting of phantom unit awards, net |
|
|
203,066 |
|
Common units outstanding at June 30, 2021 |
|
|
2,185,381,669 |
|
Common unit repurchases under 2019 Buyback Program |
|
|
(3,367,377 |
) |
Common units issued in connection with the vesting of phantom unit awards, net |
|
|
115,665 |
|
Common units outstanding at September 30, 2021 |
|
|
2,182,129,957 |
|
The following table summarizes changes in the number of our Series A Cumulative Convertible Preferred Units (“preferred units”) outstanding since December 31, 2020:
Preferred units outstanding at December 31, 2020 |
|
|
50,138 |
|
Paid in-kind distribution to related party |
|
|
274 |
|
Preferred units outstanding at March 31, 2021, June 30, 2021 and September 30, 2021 |
|
|
50,412 |
|
|
Components of Accumulated Other Comprehensive Income (Loss) |
The following tables present the components of accumulated other comprehensive income (loss) as reported on our Unaudited Condensed Consolidated Balance Sheets at the dates indicated:
|
|
Cash Flow Hedges |
|
|
|
|
|
|
|
|
|
Commodity Derivative Instruments |
|
|
Interest Rate Derivative Instruments |
|
|
Other |
|
|
Total |
|
Accumulated Other Comprehensive Income (Loss), December 31, 2020 |
|
$ |
(93.2 |
) |
|
$ |
(74.3 |
) |
|
$ |
2.3 |
|
|
$ |
(165.2 |
) |
Other comprehensive income (loss) for period, before reclassifications |
|
|
(852.2 |
) |
|
|
182.9 |
|
|
|
(0.3 |
) |
|
|
(669.6 |
) |
Reclassification of losses to net income during period |
|
|
633.8 |
|
|
|
29.1 |
|
|
|
0.1 |
|
|
|
663.0 |
|
Total other comprehensive income (loss) for period |
|
|
(218.4 |
) |
|
|
212.0 |
|
|
|
(0.2 |
) |
|
|
(6.6 |
) |
Accumulated Other Comprehensive Income (Loss), September 30, 2021 |
|
$ |
(311.6 |
) |
|
$ |
137.7 |
|
|
$ |
2.1 |
|
|
$ |
(171.8 |
) |
|
|
Cash Flow Hedges |
|
|
|
|
|
|
|
|
|
Commodity Derivative Instruments |
|
|
Interest Rate Derivative Instruments |
|
|
Other |
|
|
Total |
|
Accumulated Other Comprehensive Income, December 31, 2019 |
|
$ |
55.1 |
|
|
$ |
13.9 |
|
|
$ |
2.4 |
|
|
$ |
71.4 |
|
Other comprehensive income (loss) for period, before reclassifications |
|
|
392.7 |
|
|
|
(207.7 |
) |
|
|
(0.1 |
) |
|
|
184.9 |
|
Reclassification of losses (gains) to net income during period |
|
|
(334.8 |
) |
|
|
29.2 |
|
|
|
– |
|
|
|
(305.6 |
) |
Total other comprehensive income (loss) for period |
|
|
57.9 |
|
|
|
(178.5 |
) |
|
|
(0.1 |
) |
|
|
(120.7 |
) |
Accumulated Other Comprehensive Income (Loss), September 30, 2020 |
|
$ |
113.0 |
|
|
$ |
(164.6 |
) |
|
$ |
2.3 |
|
|
$ |
(49.3 |
) |
|
Reclassification out of Accumulated Other Comprehensive Income (Loss) |
The following table presents reclassifications of (income) loss out of accumulated other comprehensive income into net income during the periods indicated:
|
|
|
For the Three Months Ended September 30, |
|
|
For the Nine Months Ended September 30, |
|
Losses (gains) on cash flow hedges: |
Location |
|
2021 |
|
|
2020 |
|
|
2021 |
|
|
2020 |
|
Interest rate derivatives |
Interest expense |
|
$ |
10.3 |
|
|
$ |
9.9 |
|
|
$ |
29.1 |
|
|
$ |
29.2 |
|
Commodity derivatives |
Revenue |
|
|
116.8 |
|
|
|
19.5 |
|
|
|
614.9 |
|
|
|
(344.7 |
) |
Commodity derivatives |
Operating costs and expenses |
|
|
0.3 |
|
|
|
10.0 |
|
|
|
18.9 |
|
|
|
9.9 |
|
Total |
|
|
$ |
127.4 |
|
|
$ |
39.4 |
|
|
$ |
662.9 |
|
|
$ |
(305.6 |
) |
|