Quarterly report pursuant to Section 13 or 15(d)

Net Loss per Common Unit (Tables)

v3.8.0.1
Net Loss per Common Unit (Tables)
 9 Months Ended
Sep. 30, 2017
Earnings Per Share [Abstract]  
Schedule of Net Loss per Common Unit
The following table (in millions, except per unit data) provides a reconciliation of net income (loss) and the allocation of net income (loss) to the common units, the subordinated units and the general partner units for purposes of computing net loss per unit.
 
 
 
 
Limited Partner Units
 
 
 
 
Total
 
Common Units
 
Class B Units
 
Subordinated Units
 
General Partner Units
Three Months Ended September 30, 2017
 
 
 
 
 
 
 
 
 
 
Net income
 
$
23

 
 
 
 
 
 
 
 
Declared distributions
 
217

 
153

 
—

 
60

 
4

Amortization of beneficial conversion feature of Class B units
 
—

 
(288
)
 
974

 
(686
)
 
—

Assumed allocation of undistributed net loss
 
$
(194
)
 
(137
)
 
—

 
(53
)
 
(4
)
Assumed allocation of net income
 
 
 
$
(272
)
 
$
974

 
$
(679
)
 
$
—

 
 
 
 
 
 
 
 
 
 
 
Weighted average units outstanding
 
 
 
247.2

 
50.6

 
135.4

 
 
Net loss per unit (1)
 
 
 
$
(1.10
)
 


 
$
(5.02
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended September 30, 2016
 
 
 
 
 
 
 
 
 
 
Net loss
 
$
(82
)
 
 
 
 
 
 
 
 
Declared distributions
 
24

 
24

 
—

 
—

 
—

Amortization of beneficial conversion feature of Class B units
 
—

 
(9
)
 
30

 
(21
)
 
—

Assumed allocation of undistributed net loss
 
$
(106
)
 
(30
)
 
—

 
(73
)
 
(3
)
Assumed allocation of net loss
 
 
 
$
(15
)
 
$
30

 
$
(94
)
 
$
(3
)
 
 
 
 
 
 
 
 
 
 
 
Weighted average units outstanding
 
 
 
57.1

 
145.3

 
135.4

 
 
Net loss per unit (1)
 
 
 
$
(0.27
)
 


 
$
(0.70
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Nine Months Ended September 30, 2017
 
 
 
 
 
 
 
 
 
 
Net income
 
$
116

 
 
 
 
 
 
 
 
Declared distributions
 
267

 
202

 
—

 
60

 
5

Amortization of beneficial conversion feature of Class B units
 
—

 
(594
)
 
2,004

 
(1,410
)
 
—

Assumed allocation of undistributed net loss
 
$
(151
)
 
(107
)
 
—

 
(41
)
 
(3
)
Assumed allocation of net income
 
 
 
$
(499
)
 
$
2,004

 
$
(1,391
)
 
$
2

 
 
 
 
 
 
 
 
 
 
 
Weighted average units outstanding
 
 
 
121.2

 
113.4

 
135.4

 
 
Net loss per unit (1)
 
 
 
$
(4.12
)
 


 
$
(10.28
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Nine Months Ended September 30, 2016
 
 
 
 
 
 
 
 
 
 
Net loss
 
$
(257
)
 
 
 
 
 
 
 
 
Declared distributions
 
74

 
73

 
—

 
—

 
1

Amortization of beneficial conversion feature of Class B units
 
—

 
(9
)
 
30

 
(21
)
 
—

Assumed allocation of undistributed net loss
 
$
(331
)
 
(96
)
 
—

 
(228
)
 
(7
)
Assumed allocation of net loss
 
 
 
$
(32
)
 
$
30

 
$
(249
)
 
$
(6
)
 
 
 
 
 
 
 
 
 
 
 
Weighted average units outstanding
 
 
 
57.1

 
145.3

 
135.4

 
 
Net loss per unit
 
 
 
$
(0.56
)
 


 
$
(1.84
)
 
 

 
 
(1)
Earnings per unit in the table may not recalculate exactly due to rounding because it is calculated based on whole numbers, not the rounded numbers presented.