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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Consolidated Statements of Income        
Transportation and terminals revenues $ 223,192 $ 193,173 $ 428,600 $ 366,342
Product sales revenues 159,943 229,698 397,239 386,034
Affiliate management fee revenue 192 189 385 379
Total revenues 383,327 423,060 826,224 752,755
Costs and expenses:        
Operating 81,323 70,287 143,684 132,396
Product purchases 118,836 183,639 330,066 316,523
Depreciation and amortization 30,664 25,715 60,027 52,057
General and administrative 25,281 20,178 49,871 43,420
Total costs and expenses 256,104 299,819 583,648 544,396
Equity earnings 1,443 1,480 2,810 2,669
Operating profit (loss) 128,666 124,721 245,386 211,028
Interest expense 25,988 22,521 52,474 44,295
Interest income (1) (7) (11) (11)
Interest capitalized (1,190) (803) (1,861) (1,651)
Debt placement fee amortization expense 385 329 770 657
Income before provision for income taxes 103,484 102,681 194,014 167,738
Provision for income taxes 485 229 950 752
Net income 102,999 102,452 193,064 166,986
Allocation of net income (loss):        
Non-controlling owners' interest   (68) (63) (68)
Limited partners' interest 102,999 102,520 193,127 167,054
Net income $ 102,999 $ 102,452 $ 193,064 $ 166,986
Basic and diluted net income per limited partner unit $ 0.91 $ 0.96 $ 1.71 $ 1.56
Weighted average number of limited partner units outstanding used for basic and diluted net income per unit calculation 112,847 106,896 112,804 106,869