Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data |
3 Months Ended | 6 Months Ended | ||
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Jun. 30, 2011
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Jun. 30, 2010
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Jun. 30, 2011
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Jun. 30, 2010
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Revenues | ||||
Revenues from Third Parties | $ 67,177 | $ 66,004 | $ 136,845 | $ 132,831 |
Revenues—affiliate | 6,432 | 63,760 | 11,213 | 127,711 |
Total revenues | 73,609 | 129,764 | 148,058 | 260,542 |
Expenses | ||||
Operating and maintenance expense | 3,904 | 6,168 | 9,590 | 14,242 |
Operating and maintenance expense—affiliate | 3,519 | 3,085 | 6,111 | 6,150 |
Depreciation expense | 10,743 | 10,561 | 21,480 | 21,124 |
Development expense | 11,163 | 407 | 17,780 | 613 |
Development expense—affiliate | 958 | 365 | 1,823 | 485 |
General and administrative expense | 1,430 | 2,059 | 3,201 | 3,799 |
General and administrative expense—affiliate | 4,960 | 5,142 | 10,015 | 10,415 |
Total expenses | 36,677 | 27,787 | 70,000 | 56,828 |
Income from operations | 36,932 | 101,977 | 78,058 | 203,714 |
Other income (expense) | ||||
Interest expense, net | (43,399) | (43,648) | (86,796) | (87,125) |
Derivative gain (loss), net | (448) | (44) | (448) | 461 |
Other | 47 | 86 | 108 | 145 |
Total other expense | (43,800) | (43,606) | (87,136) | (86,519) |
Net income (loss) | $ (6,868) | $ 58,371 | $ (9,078) | $ 117,195 |
Basic and Diluted Net Income Per Common Unit | $ 0.32 | $ 0.43 | $ 0.66 | $ 0.85 |
Weighted Average Number of Common Units Basic and Diluted | 26,754 | 26,416 | 26,592 | 26,416 |
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- Definition
The aggregate total expenses between subsidiaries of a common parent of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line.
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- Definition
Generally recurring costs between subsidiaries of a common parent associated with normal oprations except for the portion of these expenses which can be clearly related to production and included in costs of sales or services. Excludes selling, general and administrative expense.
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- Definition
The aggregate costs between subsidiaries of a common parent incurred in a planned search or critical investigation aimed at discovey of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or to translate research findings or other knowledge into a plan or design for a new product or process.
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- Definition
Aggregate revenue from third parties recognized during the period (derived from goods sold, services rendered, or other activities that constitute an entity's earning process.
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- Definition
Weighted average number of common units basic and diluted
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- Definition
The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate net gain (loss) on all derivative instruments recognized in earnings during the period, before tax effects. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cost of borrowed funds accounted for as interest that was charged against earnings during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Excludes Selling, General and Administrative Expense.
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- Definition
Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense.
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- Details
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- Definition
The net result for the period of deducting operating expenses from operating revenues.
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- Definition
The net amount of other income and expense amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income (expense) recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) net gains or losses on securities, (d) unusual costs, (e) gains or losses on foreign exchange transactions, and (f) miscellaneous other income and expense items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility, and costs allocated in accounting for a business combination to in-process projects deemed to have no alternative future use. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Revenues arising from transactions between (a) a parent company and its subsidiaries; (b) subsidiaries of a common parent; (c) an entity and trusts for the benefit of employees, such as pension and profit-sharing trusts that are managed by or under the trusteeship of the entity's' management; (d) an entity and its principal, owners, management, or members of their immediate families; and (e) affiliates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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