WILLIAMS PARTNERS L.P. WPZ Income Statement

Williams partners l.p. (WPZ)

Income statement / Quarterly

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
Revenues:
Service revenues
766,000	763,000	763,000	764,000	731,000	717,000	702,000	709,000	668,000	664,000	673,000	-	-	-	-	-	-	-	-	-	-
Product sales
942,000	853,000	930,000	884,000	887,000	1,046,000	1,104,000	1,260,000	1,049,000	1,153,000	1,295,000	-	-	-	-	-	-	-	-	-	-
Total revenues
1,708,000	1,616,000	1,693,000	1,648,000	1,618,000	1,763,000	1,806,000	1,969,000	1,717,000	1,817,000	1,968,000	2,993,000	1,673,000	1,671,000	1,579,000	2,242,000	1,327,000	1,400,000	1,490,000	1,201,000	1,081,000
Costs and expenses:
Product costs
807,000	724,000	769,000	726,000	710,000	801,000	790,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Product costs
-	-	-	-	-	-	-	-	781,000	907,000	974,000	-	-	-	-	-	-	-	-	-	-
Operating and maintenance expenses
267,000	251,000	248,000	269,000	265,000	289,000	257,000	283,000	252,000	264,000	220,000	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization expenses
209,000	207,000	208,000	203,000	201,000	191,000	196,000	-	185,000	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization expenses
-	-	-	-	-	-	-	-	-	171,000	159,000	-	-	-	-	-	-	-	-	-	-
Costs and operating expenses
-	-	-	-	-	-	-	-	-	-	-	-	1,172,000	1,167,000	1,105,000	-	923,000	1,002,000	1,033,000	810,000	738,000
Selling, general, and administrative expenses
129,000	132,000	130,000	128,000	130,000	131,000	130,000	175,000	134,000	148,000	126,000	222,000	66,000	70,000	73,000	206,000	70,000	70,000	62,000	75,000	71,000
Net insurance recoveries - Geismar Incident
0	42,000	119,000	-	50,000	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other (income) expense - net
1,000	-27,000	-17,000	15,000	-21,000	-4,000	-1,000	4,000	-10,000	-12,000	-6,000	-26,000	-4,000	1,000	11,000	-8,000	13,000	6,000	3,000	-	-
Total costs and expenses
1,411,000	1,299,000	1,253,000	1,361,000	1,277,000	1,416,000	1,374,000	1,512,000	1,362,000	1,502,000	1,485,000	-	1,242,000	1,236,000	-	-	-	-	-	-	-
Segment cost and expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,167,000	-	980,000	-	-	-	-
Other (income) expense - net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,000	-3,000
Segment costs and expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,066,000	1,092,000	884,000	812,000
General corporate expenses
-	-	-	-	-	-	-	-	-	-	-	-	29,000	27,000	30,000	-	30,000	28,000	35,000	-	-
General corporate expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	27,000	26,000
Operating income
297,000	317,000	440,000	287,000	341,000	347,000	432,000	457,000	355,000	315,000	483,000	722,000	402,000	408,000	382,000	441,000	317,000	306,000	363,000	290,000	243,000
Equity earnings (losses)
36,000	32,000	23,000	20,000	31,000	35,000	18,000	24,000	30,000	27,000	30,000	41,000	40,000	36,000	25,000	32,000	24,000	27,000	26,000	30,000	16,000
Interest incurred
155,000	142,000	131,000	122,000	119,000	118,000	118,000	129,000	109,000	110,000	110,000	119,000	105,000	107,000	108,000	-	103,000	-	-	-	-
Interest capitalized
36,000	25,000	25,000	22,000	24,000	22,000	22,000	38,000	8,000	5,000	3,000	-	3,000	-	-	-	-	-	-	-	-
Other investing income (loss) - net
-	-	0	-	-	-	-1,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest accrued
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-81,000	-51,000	-51,000
Interest accrued - affiliate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-9,000	-16,000
Interest capitalized
-	-	-	-	-	-	-	-	-	-	-	-	-	-3,000	-	-	-	-	-12,000	-10,000	-17,000
Interest capitalized
-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,000	-	7,000	-	-	-	-
Interest accrued
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	102,000	-	-	-
Interest capitalized
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-7,000	-	-	-
Interest income
-	-	-	-	-	-	-	-	1,000	0	1,000	-	0	0	1,000	-	0	-	-	-	-
Interest Income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,000	5,000	6,000
Other income (expense) - net
13,000	7,000	3,000	5,000	7,000	7,000	6,000	4,000	5,000	6,000	1,000	4,000	2,000	-2,000	5,000	3,000	8,000	2,000	-1,000	4,000	2,000
Income before Income Taxes
227,000	239,000	360,000	213,000	284,000	293,000	359,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income before income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	279,000	217,000
Provision (benefit) for income taxes
9,000	5,000	8,000	-5,000	-1,000	21,000	15,000	-	-	-	-	-	-	-	-	-	-	-	-	1,000	2,000
Net income
218,000	234,000	352,000	218,000	285,000	272,000	344,000	-	290,000	243,000	-	-	-	-	307,000	373,000	253,000	240,000	322,000	278,000	215,000
Less: Net income attributable to noncontrolling interests
1,000	2,000	-	-	1,000	1,000	-	-	0	0	-	-	-	-	-	0	5,000	5,000	6,000	7,000	6,000
Net Income (Loss) Attributable to controlling interests
217,000	232,000	-	-	284,000	271,000	-	350,000	290,000	243,000	408,000	-	342,000	338,000	-	373,000	248,000	235,000	316,000	271,000	209,000
Net Income (Loss) Attributable to controlling interests
217,000	232,000	-	-	284,000	271,000	-	350,000	290,000	243,000	408,000	-	342,000	338,000	-	373,000	248,000	235,000	316,000	271,000	209,000
Net income
218,000	234,000	352,000	218,000	285,000	272,000	344,000	-	290,000	243,000	-	-	-	-	307,000	373,000	253,000	240,000	322,000	278,000	215,000
Allocation of net income to general partner
171,000	167,000	180,000	162,000	60,000	141,000	142,000	189,000	157,000	146,000	154,000	-	79,000	74,000	-	-	-	-	-	-	-
Allocation of net income to Class D units
17,000	18,000	14,000	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Allocation of net income to general partner and Class C units
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	738,000	85,000	65,000	-284,000	-216,000	-183,000
Allocation of net income to general partner
-	-	-	-	-	-	-	-	-	-	-	-	-	-	71,000	-	-	-	-	-	-
Allocation of net income to common units
29,000	47,000	158,000	55,000	224,000	130,000	202,000	161,000	133,000	97,000	254,000	307,000	263,000	264,000	236,000	203,000	163,000	170,000	32,000	55,000	26,000
Basic net income per common unit
0.07	0.11	0.36	0.12	0.52	0.31	0.50	0.37	0.38	0.29	0.85	-	-	-	-	-	-	-	-	-	-
Diluted net income per common unit
0.07	0.11	0.36	0.12	0.52	0.31	0.50	0.37	0.38	0.29	0.85	-	-	-	-	-	-	-	-	-	-
Basic net income per common unit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	-	-	-	-
Diluted net income per common unit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	-	-	-
Basic weighted average number of common units outstanding (thousands)
439,138	438,626	438,626	439,112	428,682	413,901	401,969	382,216	350,519	335,920	299,269	290,485	290,477	290,213	289,845	-	260,508	-	-	-	-
Diluted weighted average number of common units outstanding (thousands)
439,138	438,626	438,626	439,112	428,682	413,901	401,969	382,216	350,519	335,920	299,269	290,485	290,477	290,213	289,845	-	260,508	255,777	-	-	-
Cash distributions per common unit
0.92	0.91	0.90	0.89	0.87	0.86	0.84	-	0.80	-	-	-	-	-	-	-	-	-	-	-	-
Cash distributions per common unit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.71	-	0.68	0.67	-	-	-
Other Comprehensive Income (Loss):
Cash distributions per common unit
-	-	-	-	-	-	-	-	-	0.79	0.77	-	0.74	0.73	-	-	-	-	-	-	-
Net unrealized gain (loss) from derivative instruments
0	0	-	-	1,000	1,000	-	-4,000	-11,000	53,000	-8,000	-5,000	-8,000	-2,000	-2,000	-	-	-	-	-	-
Reclassifications into earnings of net derivative instruments (gain) loss
-	-	-	-	-	-	-	-	14,000	-	-	-	-	-	-	-	-	-	-	-	-
Foreign currency translation adjustments
-53,000	39,000	-39,000	-28,000	17,000	-26,000	-19,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reclassifications into earnings of net derivative instruments (gain) loss
-	-	-	-	-	-	-	-	-	-8,000	2,000	-	6,000	-	-	-	-	-	-	-	-
Other comprehensive income (loss)
-53,000	39,000	-39,000	-29,000	18,000	-25,000	-19,000	6,000	-25,000	45,000	-6,000	-	-2,000	-	-	-	-	-	-	-	-
Comprehensive income
165,000	273,000	313,000	189,000	303,000	247,000	325,000	-	265,000	288,000	-	-	-	-	-	-	-	-	-	-	-
Less: Comprehensive income attributable to noncontrolling interests
1,000	2,000	-	-	1,000	1,000	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Reclassification into earnings of net derivative instruments (gain) loss
-	-	-	-	-	-	-	-	-	-	-	-	-	4,000	0	-	-	-	-	-	-
Other comprehensive income (loss)
-	-	-	-	-	-	-	-	-	-	-	-	-	2,000	-2,000	-	-	-	-	-	-
Comprehensive income attributable to controlling interests
164,000	271,000	-	-	302,000	246,000	-	356,000	265,000	288,000	402,000	604,000	340,000	340,000	305,000	-	-	-	-	-	-
Basic and diluted net income per common unit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.61	1.04	0.48
Weighted average number of common units outstanding
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	52,777	52,777	52,777
Cash distributions per common unit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.65	-	-