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Consolidated Statements Of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Transportation and terminals revenue $ 400,944 $ 360,517 $ 1,120,560 $ 1,031,722
Product sales revenue 172,731 155,865 455,827 589,585
Affiliate management fee revenue 3,557 5,219 10,478 15,346
Total revenue 577,232 521,601 1,586,865 1,636,653
Costs and expenses:        
Operating 137,906 132,387 367,834 330,758
Cost of product sales 85,522 91,591 316,208 398,734
Depreciation and amortization 42,043 38,054 124,180 122,462
General and administrative 37,612 35,377 111,052 109,621
Total costs and expenses 303,083 297,409 919,274 961,575
Earnings of non-controlled entities 15,521 1,645 49,653 4,066
Operating profit 289,670 225,837 717,244 679,144
Interest expense 39,779 34,993 116,142 108,674
Interest income (310) (374) (993) (1,171)
Interest capitalized (3,984) (9,205) (9,037) (21,358)
Debt placement fee amortization expense 640 566 1,867 1,767
Other expense (income) 1,706 0 (4,554) 0
Income before provision for income taxes 251,839 199,857 613,819 591,232
Provision for income taxes 867 1,237 1,820 3,798
Net income $ 250,972 $ 198,620 $ 611,999 $ 587,434
Basic net income per limited partner unit $ 1.10 $ 0.87 $ 2.69 $ 2.59
Diluted net income per limited partner unit $ 1.10 $ 0.87 $ 2.69 $ 2.58
Weighted average number of limited partner units outstanding used for basic net income per unit calculation [1] 227,580 227,294 227,540 227,242
Weighted average number of limited partner units outstanding used for diluted net income per unit calculation [1] 227,945 227,830 227,702 227,422
[1] See Note 10–Long-Term Incentive Plan for additional information regarding our weighted average unit calculations.