ANDEAVOR LOGISTICS LP ANDX Income Statement

Andeavor logistics lp (ANDX)

Income statement / Quarterly

Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Revenues:
Revenues
601,000	630,000	623,000	642,000	569,000	546,000	1,128,000	1,094,000	607,000	420,000	768,000	308,000	293,000	300,000	292,000	282,000	275,000	263,000	190,000	150,000	133,000	127,000	99,281	96,725	60,105	51,622	54,899	43,953	36,885	28,263	29,457	28,622	21,566	7,692
Affiliate
-	-	-	-	-	-	-	-	-	-	-	184,000	168,000	169,000	161,000	152,000	154,000	148,000	139,000	130,000	117,000	111,000	84,105	81,215	54,102	47,892	51,948	39,241	32,458	26,353	26,860	26,143	18,878	5,562
Third-party
-	-	-	-	-	-	-	-	-	-	-	124,000	125,000	131,000	-	130,000	121,000	115,000	51,000	20,000	16,000	16,000	15,176	15,510	6,003	3,730	2,951	4,712	4,427	1,910	2,597	2,479	2,688	2,130
Costs and Expenses:
NGL expense (excluding items shown separately below)
33,000	59,000	-	-	45,000	48,000	-	-	56,000	59,000	-	1,000	1,000	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of fuel and other (excluding items shown separately below) (b)
-	-	-	-	-	-	-	-	162,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating expenses (excluding depreciation and amortization)
237,000	239,000	227,000	236,000	221,000	201,000	214,000	199,000	152,000	126,000	238,000	106,000	106,000	110,000	105,000	113,000	111,000	99,000	137,000	72,000	63,000	52,000	52,183	60,191	28,889	19,489	34,317	20,541	16,566	15,576	16,732	13,857	12,418	11,295
Depreciation and amortization expenses
104,000	101,000	100,000	86,000	93,000	89,000	104,000	85,000	66,000	58,000	94,000	47,000	46,000	46,000	54,000	45,000	44,000	44,000	34,000	18,000	17,000	16,000	15,899	16,368	7,314	4,081	5,877	3,433	2,879	2,811	2,828	2,811	2,817	2,821
Imbalance settlement gains, net and reimbursements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,000	11,000	8,000	11,000	17,000	8,000	7,000	1,392	1,159	2,576	2,424	4,309	2,644	2,557	2,490	-	3,126	1,301	-
General and administrative expenses
18,000	20,000	30,000	31,000	29,000	31,000	59,000	44,000	28,000	27,000	35,000	25,000	22,000	24,000	22,000	28,000	28,000	25,000	35,000	16,000	13,000	10,000	10,063	8,437	6,851	6,053	4,442	4,251	3,732	3,575	2,778	2,192	2,244	1,562
Loss on asset disposals and impairments
-2,000	-	-	-1,000	-1,000	-	-	-1,000	26,000	-	-1,000	-2,000	0	-1,000	-1,000	0	0	0	0	0	0	4,000	177	-13	0	-164	-743	-21	0	-236	0	0	-1	-25
Total Costs and Expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	172,000	160,000	-	89,000	85,000	67,000	76,753	83,850	40,478	27,363	41,070	25,602	20,620	19,708	19,612	15,734	16,179	15,703
Operating Income (Loss)
207,000	211,000	224,000	215,000	180,000	177,000	137,000	147,000	169,000	150,000	84,000	127,000	118,000	119,000	81,000	106,000	103,000	103,000	-5,000	61,000	48,000	60,000	22,528	12,875	19,627	24,259	13,829	18,351	16,265	8,555	9,845	12,888	5,387	-8,011
Interest and financing costs, net
-63,000	-61,000	-175,000	57,000	-60,000	-55,000	-523,000	68,000	63,000	62,000	-333,000	49,000	45,000	44,000	38,000	37,000	38,000	37,000	46,000	28,000	17,000	18,000	15,123	12,284	6,571	5,604	5,640	1,810	1,039	511	-2,672	601	461	0
Equity in earnings of equity method investments
9,000	7,000	6,000	7,000	10,000	8,000	11,000	6,000	3,000	2,000	3,000	3,000	3,000	4,000	1,000	2,000	1,000	3,000	1,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Other income, net
7,000	0	2,000	1,000	2,000	1,000	2,000	5,000	2,000	2,000	5,000	0	0	6,000	0	0	0	0	-	-	-	-	9	0	470	23	0	0	0	0	-	-	-	-
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
160,000	157,000	171,000	166,000	132,000	131,000	-	90,000	111,000	-	35,000	81,000	76,000	85,000	43,000	71,000	66,000	69,000	-	33,000	31,000	42,000	-	-	-	-	-	-	-	-	-	-	-	-
Loss Attributable To Predecessors
0	-	-	-	16,000	8,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income (Loss) Attributable To Predecessors
-	-	-	4,000	-	-	-	7,000	-1,000	-	41,000	7,000	7,000	7,000	26,000	6,000	6,000	5,000	42,000	0	3,000	1,000	13,336	20,462	5,647	-	8,592	-963	-2,141	3,512	2,249	2,840	2,969	8,011
Net earnings attributable to noncontrolling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,000	3,000	6,000	10,000	3,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net Income (Loss) Attributable to Parent
160,000	157,000	171,000	170,000	148,000	139,000	50,000	97,000	110,000	92,000	-	-	-	-	-	-	-	-	-	-	31,000	-	7,414	591	13,526	18,678	8,189	16,541	15,226	8,044	9,297	12,287	4,926	-8,011
Preferred unitholders’ interest in net earnings
10,000	10,000	10,000	10,000	10,000	14,000	3,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Earnings Attributable to Partners
-	-	-	-	-	-	-	-	-	-	-	88,000	83,000	92,000	-	74,000	66,000	64,000	-11,000	33,000	34,000	43,000	20,750	21,053	19,173	-	16,781	15,578	13,085	11,556	11,546	15,127	7,895	0
Net Income (Loss) Allocated to General Partners
-	-	-	0	-	-	-2,000	0	-40,000	-37,000	-44,000	-40,000	-36,000	-32,000	-22,000	-20,000	-17,000	-14,000	-14,000	-14,000	-8,000	-7,000	-4,923	-3,563	-1,978	-1,536	-1,564	-842	-364	-230	-232	-303	-157	0
Net Income (Loss) Allocated to Limited Partners
150,000	147,000	161,000	160,000	138,000	125,000	45,000	97,000	70,000	55,000	32,000	48,000	47,000	60,000	46,000	54,000	49,000	50,000	-25,000	19,000	26,000	36,000	15,674	17,490	17,195	17,142	15,217	14,736	12,721	11,326	11,314	14,824	7,738	0
Earnings Per Unit [Abstract]
Common - basic
0.65	0.60	0.67	0.68	0.63	0.59	0.07	0.90	0.63	0.51	0.29	0.46	0.48	0.64	0.48	0.62	0.60	0.63	-	0.33	0.45	-	0.33	0.37	0.38	-	-	0.55	-	-	-	0.49	-	-
Common - diluted
0.65	0.60	0.67	0.68	0.63	0.59	0.07	0.90	0.63	0.51	0.29	0.46	0.48	0.64	0.48	0.62	0.60	0.63	-	0.33	0.45	-	0.33	0.37	0.38	-	-	0.54	-	-	-	0.49	-	-
Common - basic and diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.64	-	-	-	0.40	-	-	0.41	0.37	-	-	0.25	-
Subordinated - basic and diluted (dollars per unit)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.47	0.00	0.45	0.64	0.26	0.37	0.36	0.37	0.28	0.41	0.41	0.37	-	0.49	0.25	-
Weighted average limited partner units outstanding:
Common units - basic
245,600	245,500	246,000	234,400	217,200	217,200	183,200	108,000	108,000	104,800	102,600	101,400	95,200	93,600	91,200	86,600	80,700	80,300	74,802	55,900	46,911	39,186	34,663	31,722	30,752	28,861	20,185	15,553	15,464	15,254	-	15,254	15,254	-
Common units - diluted
245,700	245,700	246,300	234,600	217,300	217,400	183,300	108,100	108,100	104,900	102,600	101,400	95,200	93,600	91,400	86,700	80,800	80,300	74,503	56,000	47,012	39,284	34,778	31,828	30,863	28,929	20,386	15,663	15,489	15,297	-	15,277	15,298	-
Subordinated units - basic and diluted (units)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-398	0	7,543	15,254	15,435	15,254	15,254	15,254	15,254	15,254	15,254	15,254	-	15,254	15,254	-
Cash distributions paid per unit
-	-	-	1.03	-	-	0.98	0.97	0.94	0.91	0.87	0.84	0.81	0.78	0.75	0.72	0.69	0.66	0.64	0.61	0.59	0.56	0.54	0.51	0.49	0.47	0.36	0.45	0.41	0.37	-	0.35	0.24	-
(1) Includes reimbursements from Tesoro
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-
Affiliated Entity
Revenues
424,000	444,000	458,000	415,000	389,000	327,000	489,000	468,000	271,000	203,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Third Party
Revenues
177,000	186,000	-	227,000	180,000	219,000	-	626,000	336,000	217,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Oil and Gas, Purchased [Member]
Cost of Goods and Services Sold
-	-	-	0	-	-	-	554,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Natural Gas, Midstream [Member]
Cost of Goods and Services Sold
-	-	-	73,000	-	-	-	64,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-