Net Income per Limited Partner Unit

6 Months Ended

Jun. 30, 2019

Earnings Per Share [Abstract]

Net Income Per Limited Partner Unit

NET INCOME PER LIMITED PARTNER UNIT

A reconciliation of income and weighted average units used in computing basic and diluted income per unit is as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
	2019		2018		2019		2018
Income from continuing operations	$	1,208	$	659	$	2,388	$	1,385
Less: Income from continuing operations attributable to noncontrolling interests	317		303		614		657
Less: Net income attributable to redeemable noncontrolling interests	13		—		26		—
Income from continuing operations, net of noncontrolling interests	878		356		1,748		728
Less: Series A Convertible Preferred Unitholders’ interest in income	—		12		—		33
Less: General Partner’s interest in income	1		1		2		2
Income from continuing operations available to Limited Partners	$	877	$	343	$	1,746	$	693
Basic Income from Continuing Operations per Limited Partner Unit:
Weighted average limited partner units	2,621.2		1,114.8		2,620.3		1,097.1
Basic income from continuing operations per Limited Partner unit	$	0.33	$	0.31	$	0.67	$	0.63
Basic income (loss) from discontinued operations per Limited Partner unit	$	—	$	—	$	—	$	(0.01	)
Diluted Income from Continuing Operations per Limited Partner Unit:
Income from continuing operations available to Limited Partners	$	877	$	343	$	1,746	$	693
Dilutive effect of distributions to Series A Convertible Preferred Unitholders	—		12		—		33
Diluted income from continuing operations available to Limited Partners	$	877	$	355	$	1,746	$	726
Weighted average limited partner units	2,621.2		1,114.8		2,620.3		1,097.1
Dilutive effect of Series A Convertible Preferred Units	—		43.4		—		61.1
Dilutive effect of unvested unit awards	9.8		—		9.8		—
Weighted average limited partner units, assuming dilutive effect of unvested unit awards	2,631.0		1,158.2		2,630.1		1,158.2
Diluted income from continuing operations per Limited Partner unit	$	0.33	$	0.31	$	0.66	$	0.63
Diluted income (loss) from discontinued operations per Limited Partner unit	$	—	$	—	$	—	$	(0.01	)