BUCKEYE PARTNERS, L.P. BPL Income Statement

Buckeye partners, l.p. (BPL)

Income statement / TTM

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
2,978	3,088	3,215	3,367	0	0	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total revenue
3,706	3,805	3,954	4,108	3,979	3,992	3,861	3,648	3,626	3,470	3,437	3,248	3,164	3,126	3,145	3,453	3,859	4,704	5,716	6,620	7,029	6,530	5,714	5,054	4,476	4,368	4,357	4,285	4,455	4,606	4,700	4,693	4,464	4,082	3,672	3,151	2,556	2,173	0	0	0
Costs and expenses:
Cost of product sales
2,150	2,255	2,391	2,521	2,374	2,366	2,206	1,969	1,947	1,767	1,728	1,549	1,482	1,522	1,616	1,965	2,450	3,302	4,363	5,311	5,747	5,331	4,546	3,944	3,418	3,314	3,336	3,304	3,518	3,701	3,808	3,815	3,607	3,286	2,930	2,462	1,887	1,520	0	0	0
Operating expenses
635	637	637	639	628	625	631	638	660	653	638	626	594	586	580	573	566	563	555	537	517	479	446	413	366	366	368	372	373	369	357	340	342	313	292	279	269	269	0	0	0
Depreciation and amortization
266	268	269	269	272	269	267	269	262	260	258	254	245	236	228	221	228	219	207	196	169	160	154	147	144	144	141	138	129	123	119	112	102	86	71	59	58	58	0	0	0
General and administrative
74	77	80	82	87	89	92	90	92	88	86	86	87	89	87	88	84	84	84	79	79	74	71	70	64	63	64	65	62	61	60	58	62	59	55	50	43	40	0	0	0
Asset impairment expense (Note 5)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Goodwill impairment
0	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Other, net
1	1	0	16	16	16	18	4	3	4	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total costs and expenses
2,782	3,431	3,572	3,691	3,882	3,335	3,179	2,962	2,954	2,760	2,707	2,511	2,410	2,434	2,513	2,849	3,329	4,169	5,210	6,124	6,513	6,046	5,219	4,576	4,054	3,949	3,970	3,941	3,913	4,255	4,346	4,327	4,305	3,766	3,370	2,872	2,259	1,990	0	0	0
Operating income (loss)
924	373	381	417	97	657	682	685	671	709	729	736	754	691	632	604	529	534	505	495	516	484	495	478	422	419	387	344	541	350	354	365	158	315	301	278	296	182	0	0	0
Other (expense) income:
Earnings (loss) from equity investments
13	-283	-278	-274	-263	38	33	36	25	19	18	11	10	7	7	6	9	12	12	11	6	5	4	5	6	5	5	6	6	8	9	10	10	11	12	11	12	12	0	0	0
Gain on sale of equity investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-
Interest and debt expense
163	173	183	190	235	231	228	225	219	211	203	194	188	183	177	171	171	171	171	171	163	153	141	130	124	119	116	114	114	118	119	119	114	103	96	89	85	79	0	0	0
Other expense, net
-4	-4	-4	-0	-1	-1	-1	-1	-3	-3	-3	-3	-0	-0	0	0	0	-0	-0	-0	-0	-0	0	0	-0	-0	-0	-0	-0	-0	-0	0	-0	-0	-0	-0	0	0	0	-	-
Other income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Total other expense, net
-153	-461	-465	-465	-500	-194	-196	-190	-197	-195	-187	-186	-178	-175	-169	-164	-161	-159	-160	-160	-157	-148	-136	-125	-118	-113	-110	-109	-107	-109	-76	-74	-70	-58	-84	-78	-72	-66	0	0	0
Income (loss) before taxes
770	-87	-84	-48	-403	462	485	494	474	514	541	550	575	515	462	439	368	375	345	334	358	335	359	352	303	305	276	235	0	0	0	-	-	-	-	-	-	-	-	-	-
Income tax expense
2	3	3	3	1	0	1	0	2	2	1	1	1	0	1	0	0	0	0	0	0	0	0	1	-1	-1	-0	-0	0	0	0	-	-	-	-	-	-	-	-	-	-
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	438	367	374	344	334	357	334	358	351	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from discontinued operations (Note 4)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0	-8	-12	-50	-59	-220	-222	-192	-187	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss)
767	-90	-87	-51	-404	461	484	493	471	511	540	548	574	514	461	437	358	362	294	274	137	111	165	164	281	288	267	230	256	62	100	114	89	258	218	201	224	116	0	0	0
Less: Net income attributable to noncontrolling interests
1	1	2	7	11	14	16	14	11	11	11	13	12	8	4	0	-1	-0	0	1	3	3	4	4	3	3	3	4	5	6	6	6	31	79	119	157	132	84	0	0	0
Net income (loss) attributable to Buckeye Partners, L.P.
765	-92	-90	-59	-415	446	467	478	460	500	528	535	561	505	456	437	359	362	294	272	133	107	161	160	277	285	263	226	251	56	93	108	57	178	98	43	92	32	0	0	0
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
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Basic (in shares)
153	153	153	153	153	153	148	146	142	140	140	137	131	130	129	129	128	127	127	127	118	116	115	113	106	105	103	98	97	97	95	93	92	91	83	44	19	19	19	51	51
Diluted (in shares)
154	154	154	152	153	153	149	147	142	141	140	138	131	131	130	129	128	128	127	127	119	116	115	114	106	106	103	98	98	98	95	94	92	92	83	44	19	19	19	51	51
Net income allocated to general partner
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Net income allocated to limited partners
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Basic
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-1
Diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-1
Product sales
Total revenue from contracts with customers
2,195	2,301	2,438	2,567	0	0	0	-	-	-	1,774	1,594	1,533	1,578	1,672	2,028	2,517	3,376	4,411	5,348	5,769	5,333	4,574	3,966	3,478	3,362	3,373	3,332	3,531	3,727	3,835	3,844	3,610	3,290	2,938	2,469	1,892	1,529	0	0	0
Transportation, storage and other services
Total revenue from contracts with customers
1,511	1,503	1,515	1,540	0	0	0	-	-	-	1,662	1,654	1,631	1,547	1,473	1,425	1,341	1,327	1,305	1,271	1,260	1,197	1,140	1,087	997	1,006	983	953	923	878	865	848	853	791	734	682	664	643	0	0	0