XML 20 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
REVENUES        
Total revenues $ 8,792 $ 5,873 $ 25,269 $ 18,618
COSTS AND EXPENSES        
Purchases and related costs 7,768 5,327 22,838 16,239
Field operating costs 326 283 931 876
General and administrative expenses 74 68 232 210
Depreciation and amortization 131 151 306 401
Total costs and expenses 8,299 5,829 24,307 17,726
OPERATING INCOME 493 44 962 892
OTHER INCOME/(EXPENSE)        
Equity earnings in unconsolidated entities 110 80 281 201
Gain on sale of investment in unconsolidated entities 210   210  
Interest expense (net of capitalized interest of $8, $11, $21 and $26, respectively) (110) (134) (327) (390)
Other income/(expense), net (3) (1) 8 (6)
INCOME/(LOSS) BEFORE TAX 700 (11) 1,134 697
Current income tax (expense)/benefit (14) 1 (34) (9)
Deferred income tax (expense)/benefit 24 44 (1) (21)
NET INCOME 710 34 1,099 667
Net income attributable to noncontrolling interests   (1)   (2)
NET INCOME ATTRIBUTABLE TO PAA 710 33 1,099 665
NET INCOME/(LOSS) PER COMMON UNIT (NOTE 4):        
Net income/(loss) allocated to common unitholders — Basic 658 (8) 946 547
Net income/(loss) allocated to common unitholders — Diluted $ 697 $ (8) $ 947 $ 547
Common Units        
NET INCOME/(LOSS) PER COMMON UNIT (NOTE 4):        
Basic weighted average common units outstanding (units) 726 725 726 714
Basic net income/(loss) per common unit (usd per unit) $ 0.91 $ (0.01) $ 1.30 $ 0.77
Diluted weighted average common units outstanding (units) 799 725 728 715
Diluted net income/(loss) per common unit (usd per unit) $ 0.87 $ (0.01) $ 1.30 $ 0.76
Supply and Logistics        
REVENUES        
Total revenues $ 8,482 $ 5,573 $ 24,374 $ 17,749
Transportation        
REVENUES        
Total revenues 161 160 458 459
OTHER INCOME/(EXPENSE)        
Equity earnings in unconsolidated entities 110 80 281 201
Facilities        
REVENUES        
Total revenues $ 149 $ 140 $ 437 $ 410