Shell Midstream Partners, L.P. SHLX Income Statement

Shell midstream partners, l.p. (SHLX)

Income statement / Quarterly

Mar'20	Dec'19	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	Sep'14	Sep'13
Revenue
Revenue from contract with customer
107,000	112,000	111,000	107,000	117,000	129,000	139,000	115,000	86,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Lease revenue – related parties
14,000	-	14,000	14,000	14,000	-	14,000	14,000	14,000	-	17,100	13,200	5,500	-	0	-	-	-	-	-	-	-	-
Transportation, terminaling and storage services third parties
-	-	-	-	-	-	-	-	-	-	-	-	59,200	-	53,800	60,800	51,300	103,300	65,000	53,600	46,500	34,700	10,600
Transportation, terminaling and storage services related parties
-	-	-	-	-	-	-	-	-	-	-	-	44,400	-	28,100	26,000	25,400	140,300	31,200	26,200	19,400	12,200	9,600
Product revenue related parties
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-
Total revenue
121,000	126,000	125,000	121,000	131,000	143,000	153,000	129,000	100,000	126,700	121,800	112,400	109,100	207,500	81,900	86,800	76,700	243,600	96,200	79,800	65,900	46,900	20,200
Costs and expenses
Operations and maintenance – third parties
14,000	17,000	19,000	16,000	13,000	19,000	21,000	25,000	43,000	29,000	29,500	26,500	19,000	38,500	14,100	14,900	9,400	52,800	12,200	10,400	9,400	4,400	11,100
Operations and maintenance – related parties
14,000	-	-	-	14,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operations and maintenance – related parties
-	-	14,000	16,000	-	15,000	13,000	13,000	13,000	11,200	11,100	10,000	13,700	19,700	7,500	7,400	5,400	24,800	4,500	4,500	5,200	4,300	2,200
Cost of product sold – third parties
15,000	-6,000	0	2,000	9,000	5,000	1,000	1,000	0	-	-	0	-	-	-	-	-	-	-	-	-	-	-
Cost of product sold – related parties
-	-	10,000	5,000	-	4,000	13,000	1,000	7,000	-	-	0	-	-	-	-	-	-	-	-	-	-	-
Loss from revision of asset retirement obligation
0	-	0	0	-2,000	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss (gain) from revision of ARO and disposition of fixed assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-200	20,800
General and administrative – third parties
3,000	3,000	2,000	5,000	1,000	3,000	1,000	2,000	2,000	2,800	1,500	3,700	2,000	3,400	2,200	2,000	2,100	6,400	1,800	3,500	1,700	300	100
General and administrative – related parties
12,000	12,000	14,000	12,000	11,000	13,000	12,000	14,000	13,000	12,200	12,100	11,600	12,100	23,000	7,400	7,600	5,700	24,800	6,300	5,800	5,600	2,500	2,600
Depreciation, amortization and accretion
13,000	13,000	12,000	12,000	12,000	12,000	11,000	12,000	11,000	11,700	10,700	11,300	11,300	19,200	9,100	8,900	5,900	22,000	5,400	5,300	5,200	2,900	1,600
Property and other taxes
5,000	3,000	5,000	5,000	4,000	3,000	3,000	4,000	6,000	3,400	4,500	4,200	4,900	6,700	2,600	3,300	3,200	7,400	900	3,300	3,400	1,200	1,000
Total costs and expenses
76,000	73,000	76,000	73,000	66,000	71,000	75,000	72,000	95,000	70,300	69,400	67,300	63,000	110,700	42,900	44,100	31,700	138,500	31,100	32,800	30,500	15,800	-2,200
Operating income
45,000	53,000	49,000	48,000	65,000	72,000	78,000	57,000	5,000	56,400	52,400	45,100	46,100	96,800	39,000	42,700	45,000	105,100	65,100	47,000	35,400	31,100	22,400
Income from equity method investments
112,000	108,000	115,000	80,000	70,000	74,000	73,000	48,000	40,000	46,500	49,100	44,700	46,700	67,900	21,400	25,600	23,200	57,300	24,100	10,800	12,500	-	-
Dividend income from other investments
0	0	0	0	14,000	14,000	15,000	13,000	25,000	9,800	7,700	9,400	10,100	16,700	4,200	4,600	2,800	14,000	2,700	2,300	1,600	-	-
Other income
9,000	8,000	8,000	12,000	8,000	7,000	8,000	10,000	6,000	0	0	0	0	-	0	-	-	-	100	1,000	-	-	-
Investment, dividend and other income
121,000	116,000	123,000	92,000	92,000	95,000	96,000	71,000	71,000	56,300	56,800	54,100	56,800	84,500	25,600	30,200	26,000	70,500	26,900	14,100	14,100	-	-
Interest expense, net
-24,000	-25,000	-26,000	-21,000	-20,000	-19,000	-19,000	-13,000	-11,000	-10,000	-9,700	-7,500	-4,800	-4,500	-2,800	-2,000	-3,000	-2,100	-1,700	-300	-200	-100	0
Income before income taxes
142,000	144,000	146,000	119,000	137,000	148,000	155,000	115,000	65,000	102,700	99,500	91,700	98,100	176,800	61,800	70,900	68,000	173,500	90,300	60,800	49,300	-	-
Income tax expense
0	0	0	0	0	1,000	0	0	0	0	0	0	0	0	0	0	0	-100	-300	100	200	-	-
Net income
142,000	144,000	146,000	119,000	137,000	147,000	155,000	115,000	65,000	102,700	99,500	91,700	98,100	176,800	61,800	70,900	68,000	173,600	90,600	60,700	49,100	-	-
Less: Net income attributable to Parent
-	-	-	-	-	-	-	-	-	11,000	22,000	21,500	22,500	-	3,000	4,600	-	94,500	16,200	15,400	7,700	-	-
Less: Net income attributable to noncontrolling interests
4,000	4,000	5,000	4,000	5,000	7,000	6,000	4,000	1,000	5,600	4,900	4,700	4,800	12,600	2,500	2,500	12,700	-	20,100	13,100	-	-	-
Net income attributable to the Partnership
138,000	140,000	141,000	115,000	132,000	140,000	149,000	111,000	64,000	86,100	72,600	65,500	70,800	69,500	56,300	63,800	55,300	57,000	54,300	32,200	23,600	31,000	22,400
Limited Partners’ interest in net income attributable to the Partnership
83,000	86,000	105,000	85,000	105,000	102,000	112,000	79,000	37,000	66,100	55,000	51,200	58,700	59,800	49,100	58,800	52,200	54,700	52,800	31,500	23,100	-	-
Net income per Limited Partner Unit - Basic and Diluted:
Distributions per Limited Partner unit (in dollars per share)
0.46	0.46	0.44	0.43	0.41	0.40	0.38	0.36	0.34	0.33	0.31	0.30	0.29	0.27	0.26	0.25	0.23	0.22	0.20	0.19	0.17	-	-
Weighted average Limited Partner Units outstanding - Basic and Diluted:
Noncontrolling Interests
Net income
-	-	-	4,000	-	-	-	4,000	1,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common units – public
Net income
44,000	45,000	56,000	45,000	58,000	56,000	62,000	43,000	21,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common
Net income attributable to the Partnership
83,000	86,000	105,000	85,000	105,000	102,000	112,000	79,000	37,000	-	-	51,200	-	-	-	-	-	-	-	-	-	-	-
Net income per Limited Partner unit (in dollars per share)
0.36	0.36	0.45	0.38	0.47	0.47	0.50	0.35	0.18	-	-	0.29	-	-	-	-	-	-	-	-	-	-	-
Shell Pipeline Company L P
General partner’s interest in net income attributable to the Partnership
55,000	-	36,000	30,000	27,000	-	37,000	32,000	27,000	-	-	14,300	-	-	-	-	-	-	-	-	-	-	-
Common units - public
Weighted average limited partner units - Basic and Diluted (in units)
123,800	123,800	123,800	123,800	123,800	123,800	123,800	123,800	113,800	-	-	88,400	-	-	-	-	-	-	-	-	-	-	-