XML 101 R4.htm IDEA: XBRL DOCUMENT v3.19.3
Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues:        
Revenues $ 4,331 $ 4,761 $ 12,498 $ 13,117
Cost of sales and operating expenses:        
Cost of sales 4,039 4,428 11,567 12,178
General and administrative 40 34 101 103
Other operating 79 86 236 270
Lease expense 15 20 45 54
Loss (gain) on disposal of assets and impairment charges (4) (8) 46 [1] (3)
Depreciation, amortization and accretion 45 42 137 [1] 132
Total cost of sales and operating expenses 4,214 4,602 12,132 12,734
Operating income 117 159 366 383
Interest expense, net 45 35 130 [1] 105
Loss on extinguishment of debt and other, net 0 0 (3) [1] 109
Income from continuing operations before income taxes 72 124 239 169
Income tax expense 6 10 9 [1] 39
Income from continuing operations 66 114 230 130
Loss from discontinued operations, net of income taxes 0 (2) 0 (265)
Net income (loss) and comprehensive income (loss) $ 66 $ 112 $ 230 $ (135)
Net income (loss) per common unit - basic:        
Continuing operations - common units $ 0.57 $ 1.16 $ 2.09 $ 0.84
Discontinued operations - common units 0.00 (0.03) 0.00 (3.12)
Net income (loss) - common units 0.57 1.13 2.09 (2.28)
Net income (loss) per common unit - diluted:        
Continuing operations - common units 0.57 1.15 2.07 0.83
Discontinued operations - common units 0.00 (0.03) 0.00 (3.12)
Net income (loss) - common units $ 0.57 $ 1.12 $ 2.07 $ (2.29)
Weighted average limited partner units outstanding:        
Common units - basic 82,749,644 82,506,279 82,734,526 84,891,853
Common units - diluted 83,649,898 83,084,713 83,512,121 85,373,976
Cash distributions per unit $ 0.8255 $ 0.8255 $ 2.4765 $ 2.4765
Common Units [Member]        
Net income (loss) per common unit - basic:        
Continuing operations - common units 0.57 1.16 2.09 0.84
Discontinued operations - common units $ 0.00 $ (0.03) $ 0.00 $ (3.12)
Weighted average limited partner units outstanding:        
Common units - basic 82,749,644 82,506,279 82,734,526 84,891,853
Common units - diluted 83,649,898 83,084,713 83,512,121 85,373,976
Motor Fuels [Member]        
Revenues:        
Revenues $ 4,225 $ 4,662 $ 12,174 $ 12,720
Non Motor Fuel Sales [Member]        
Revenues:        
Revenues 69 64 217 306
Leases [Member]        
Revenues:        
Revenues 37 35 107 91
Continuing Operations [Member]        
Cost of sales and operating expenses:        
Interest expense, net $ 45 $ 35 $ 130 $ 105
[1]
Includes amounts from discontinued operations for the nine months ended September 30, 2018.