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Consolidated Statements Of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Income Statement [Abstract]        
Transportation and terminals revenue $ 433,239 $ 392,240 $ 825,910 $ 762,315
Product sales revenue 182,004 123,689 427,624 270,251
Affiliate management fee revenue 4,197 2,968 7,980 6,147
Total revenue 619,440 518,897 1,261,514 1,038,713
Costs and expenses:        
Operating 145,294 134,183 276,886 257,096
Cost of product sales 145,975 95,703 318,851 209,288
Depreciation and amortization 48,896 43,302 96,194 87,056
General and administrative 43,393 34,554 83,674 75,230
Total costs and expenses 383,558 307,742 775,605 628,670
Earnings of non-controlled entities 25,576 15,339 47,022 32,967
Operating profit 261,458 226,494 532,931 443,010
Interest expense 51,546 48,686 102,758 92,410
Interest income (256) (404) (548) (765)
Interest capitalized (3,183) (7,130) (7,380) (13,266)
Gain on exchange of interest in non-controlled entity 0 (1,244) 0 (28,144)
Other expense (income) 2,043 (1,958) 3,213 (3,710)
Income before provision for income taxes 211,308 188,544 434,888 396,485
Provision for income taxes 908 685 1,752 1,556
Net income $ 210,400 $ 187,859 $ 433,136 $ 394,929
Basic net income per limited partner unit $ 0.92 $ 0.82 $ 1.90 $ 1.73
Diluted net income per limited partner unit $ 0.92 $ 0.82 $ 1.90 $ 1.73
Weighted average number of limited partner units outstanding used for basic net income per unit calculation(1) [1] 228,192 227,952 228,151 227,889
Weighted average number of limited partner units outstanding used for diluted net income per unit calculation(1) [1] 228,245 227,983 228,202 227,921
[1] See Note 10–Long-Term Incentive Plan for additional information regarding our weighted average unit calculations.