BUCKEYE PARTNERS, L.P. BPL Income Statement

Buckeye partners, l.p. (BPL)

Income statement / Quarterly

Sep'19	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	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Revenue:
Total revenue from contracts with customers
658,747	655,847	828,219	835,206	768,823	783,196	980,262	-	707,817	670,461	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total revenue
811,415	791,702	1,028,972	1,074,783	909,548	940,839	1,183,105	946,052	922,619	810,201	969,273	924,055	766,605	777,122	780,594	840,167	728,384	796,783	1,088,100	1,245,994	1,573,473	1,808,951	1,991,829	1,655,584	1,073,851	993,588	1,331,078	1,077,854	965,970	982,640	1,259,439	1,247,081	1,116,911	1,077,092	1,252,536	1,017,961	734,857	667,276	731,174	423,444	351,220
Costs and expenses:
Cost of product sales
410,018	416,397	655,107	669,327	514,811	552,399	785,327	521,774	506,780	392,578	548,050	500,207	326,718	353,953	368,644	433,452	366,319	448,534	717,539	917,659	1,218,471	1,510,043	1,665,379	1,353,996	801,854	725,300	1,063,298	827,667	698,019	747,155	1,031,485	1,041,561	881,596	854,341	1,037,962	833,645	560,248	498,645	569,737	258,507	193,440
Operating expenses
156,936	156,554	152,898	168,834	159,562	156,505	154,868	157,130	157,444	162,107	161,422	179,911	149,867	147,718	149,086	147,874	141,790	141,339	142,365	140,952	138,906	133,018	124,829	120,647	101,142	99,436	92,352	73,907	100,731	101,137	97,218	74,080	96,776	89,869	80,264	75,127	68,685	68,769	66,583	65,537	68,595
Depreciation and amortization
66,896	65,859	63,884	70,252	68,464	66,569	64,138	73,256	65,661	64,838	65,488	66,439	63,472	63,322	61,426	57,074	54,830	55,598	53,776	64,652	45,406	43,394	42,991	37,499	36,842	37,551	35,699	34,371	37,134	34,325	33,027	25,171	31,230	29,756	26,241	15,331	15,062	14,669	14,528	14,253	14,675
General and administrative
18,691	18,306	21,650	15,734	21,578	21,792	23,289	20,988	23,904	24,346	21,737	22,361	20,321	22,185	21,231	24,032	21,885	20,293	22,618	19,764	21,749	20,330	17,357	19,625	17,236	17,330	16,253	14,167	16,222	17,877	16,975	11,177	15,054	17,191	15,506	15,161	11,349	13,254	10,835	8,186	8,365
Asset impairment expense (Note 5)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	72,540
Goodwill impairment
0	-	-	-	536,964	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	169,560	-	-	-	-	-	-	-	-
Other, net
-49	3,007	-1,213	32	0	2,123	14,030	801	-501	4,422	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total costs and expenses
652,590	654,109	894,752	581,131	1,301,379	795,142	1,013,592	772,347	754,290	639,447	796,697	763,731	560,378	587,178	600,387	662,432	584,824	665,764	936,298	1,143,027	1,424,532	1,706,785	1,850,556	1,531,767	957,074	879,617	1,207,602	1,010,062	852,106	900,494	1,178,705	982,429	1,194,216	991,157	1,159,973	960,322	655,344	595,337	661,683	347,479	385,728
Operating income (loss)
158,825	137,593	134,220	493,652	-391,831	145,697	169,513	173,705	168,329	170,754	172,576	160,324	206,227	189,944	180,207	177,735	143,560	131,019	151,802	102,967	148,941	102,166	141,273	123,817	116,777	113,971	123,476	67,792	113,864	82,146	80,734	264,652	-77,305	85,935	92,563	57,639	79,513	71,939	69,491	75,965	-34,508
Other (expense) income:
Earnings (loss) from equity investments
4,711	2,871	3,345	2,510	-292,387	8,265	7,489	13,295	9,232	3,120	10,358	3,077	2,901	2,470	3,088	1,831	-30	2,446	2,134	5,306	2,523	2,170	1,266	272	1,389	1,953	1,629	1,812	553	1,786	1,949	2,674	2,379	2,034	3,347	2,556	3,391	2,764	2,652	3,807	3,142
Gain on sale of equity investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	34,112	-	-	-	-	-	-	-
Interest and debt expense
50,107	49,574	52,168	11,169	60,332	59,566	59,105	56,713	56,561	56,424	55,885	50,829	48,476	47,834	47,783	44,233	43,413	41,975	41,709	44,172	43,838	42,012	41,213	36,093	34,341	30,237	30,249	29,821	28,737	27,612	28,810	29,269	33,199	28,596	28,497	24,081	22,082	21,350	21,656	20,543	16,061
Other expense, net
-120	-78	-3,839	-147	-152	-297	-315	-371	-328	-32	-518	-3,079	-74	-108	80	-82	70	77	33	43	-375	-232	136	8	-12	198	101	-508	90	35	-69	-242	-75	107	400	-1,067	140	85	155	-	-
Other income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	364	156
Total other expense, net
-45,516	-46,781	-52,662	-8,806	-352,871	-51,598	-51,931	-43,789	-47,657	-53,336	-46,045	-50,831	-45,649	-45,472	-44,615	-42,484	-43,373	-39,452	-39,542	-38,823	-41,690	-40,074	-39,811	-35,813	-32,964	-28,086	-28,519	-28,517	-28,094	-25,791	-26,930	-26,222	-30,895	7,657	-24,750	-22,592	-18,551	-18,501	-18,849	-16,372	-12,763
Income (loss) before taxes
113,309	90,812	81,558	484,846	-744,702	94,099	117,582	129,916	120,672	117,418	126,531	109,493	160,578	144,472	135,592	135,251	100,187	91,567	112,260	64,144	107,251	62,092	101,462	88,004	83,813	85,885	94,957	39,275	85,770	56,355	53,804	-	-	-	-	-	-	-	-	-	-
Income tax expense
464	297	298	1,834	634	782	490	-837	448	1,039	222	564	308	-27	615	154	240	241	239	132	243	153	-77	539	195	195	131	-1,852	511	329	337	-	-	-	-	-	-	-	-	-	-
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	135,097	99,947	91,326	112,021	64,012	107,008	61,939	101,539	87,465	83,618	85,690	94,826	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from discontinued operations (Note 4)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-857	-8,133	-3,280	-38,186	-10,042	-169,160	-5,367	-8,320	-4,327	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss)
112,845	90,515	81,260	483,012	-745,336	93,317	117,092	130,753	120,224	116,379	126,309	108,929	160,270	144,499	134,977	135,097	99,947	91,326	111,164	55,879	103,728	23,753	91,497	-81,695	78,251	77,370	90,499	35,799	85,259	56,026	53,467	61,459	-108,200	93,592	67,813	35,966	60,962	53,438	50,642	59,593	-47,271
Less: Net income attributable to noncontrolling interests
495	496	498	492	499	1,413	4,719	4,436	4,037	3,657	2,733	1,264	3,896	4,043	3,864	1,105	-93	-254	-447	-644	785	733	1,029	1,057	997	940	1,158	836	143	1,647	1,508	1,772	1,500	1,571	1,320	27,604	49,021	41,931	39,372	1,704	1,100
Net income (loss) attributable to Buckeye Partners, L.P.
112,350	90,019	80,762	482,520	-745,835	91,904	112,373	126,317	116,187	112,722	123,576	107,665	156,374	140,456	131,113	133,992	100,040	91,580	111,611	56,523	102,943	23,020	90,468	-82,752	77,254	76,430	89,341	34,963	85,116	54,379	51,959	59,687	-109,700	92,021	66,493	8,362	11,941	11,507	11,270	57,889	-48,371
Earnings (loss) per unit attributable to Buckeye Partners, L.P.:
Continuing operations (in dollars per unit)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.03	0.78	0.72	0.89	0.49	0.90	0.53	0.87	0.76	0.78	0.80	0.91	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued operations (in dollars per unit)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	0.00	-0.01	-0.05	-0.03	-0.33	-0.09	-1.58	-0.05	-0.08	-0.04	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic (in dollars per share)
-	-	0.52	-	-	-	0.75	0.83	0.82	0.80	0.88	0.77	1.19	1.08	1.01	1.03	0.78	0.72	0.88	0.44	0.87	0.20	0.78	-0.82	0.73	0.72	0.87	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Continuing operations (in dollars per unit)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.04	0.78	0.71	0.88	0.49	0.89	0.53	0.87	0.76	0.77	0.80	0.90	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued operations (in dollars per unit)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	0.00	-0.01	-0.05	-0.03	-0.33	-0.09	-1.57	-0.05	-0.08	-0.04	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted (in dollars per share)
-	-	0.52	-	-	-	0.74	0.83	0.81	0.80	0.88	0.76	1.19	1.07	1.01	1.04	0.78	0.71	0.87	0.44	0.86	0.20	0.78	-0.81	0.72	0.72	0.86	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings per unit:
Basic (in dollars per share)
0.73	0.58	-	-	-4.86	0.59	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.87	0.56	-	-	-	-	-	-	-	-	-	-	-
Diluted (in dollars per share)
0.73	0.58	-	-	-4.86	0.59	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.87	0.55	-	-	-	-	-	-	-	-	-	-	-
Weighted average units outstanding:
Reorganization expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	996	28,113
Basic (in shares)
153,922	153,918	153,846	153,746	153,512	153,258	148,904	146,713	142,088	140,826	140,377	137,658	131,113	130,494	129,703	129,182	128,329	127,650	127,175	127,091	118,804	116,078	115,319	113,637	106,223	105,701	103,247	98,196	97,993	97,818	95,229	93,298	92,982	91,743	83,669	44,208	19,952	19,952	19,952	51,374	51,243
Diluted (in shares)
154,741	154,742	154,542	152,387	153,512	153,989	149,532	147,255	142,818	141,505	140,998	138,486	131,940	131,153	130,129	129,757	128,906	128,198	127,607	127,719	119,429	116,652	115,796	114,192	106,774	106,171	103,571	98,531	98,342	98,109	95,558	94,064	92,982	92,088	83,954	44,488	19,952	19,952	19,952	51,538	51,243
Net income allocated to general partner
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12,242	11,455
Net income allocated to limited partners
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	45,647	-59,826
Basic
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-1
Diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-1
Product sales
Total revenue from contracts with customers
419,326	420,573	662,996	692,952	525,426	556,850	792,187	-	-	-	565,420	508,060	337,092	364,326	384,762	446,868	382,624	458,613	740,218	936,397	1,241,696	1,492,697	1,677,742	1,357,353	805,281	734,396	1,069,217	869,602	688,948	745,863	1,027,888	1,069,190	884,436	853,706	1,037,556	835,252	564,044	501,744	568,170	258,188	201,777
Transportation, storage and other services
Total revenue from contracts with customers
392,089	371,129	365,976	381,831	384,122	383,989	390,918	-	-	-	403,853	415,995	429,513	412,796	395,832	393,299	345,760	338,170	347,882	309,597	331,777	316,254	314,087	298,231	268,570	259,192	261,861	208,252	277,022	236,777	231,551	177,891	232,475	223,386	214,980	182,709	170,813	165,532	163,004	165,256	149,443