| Schedule of Anticipated Beneficial Conversion Feature impact to Capital Accounts |
The following is a schedule by years, based on the capital structure as of December 31, 2015, of the anticipated impact to the capital accounts in connection with the amortization of the beneficial conversion feature (in thousands):
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Common Units |
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Class B Units |
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Subordinated Units |
2016 |
$ |
(29,565 |
) |
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$ |
99,685 |
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$ |
(70,119 |
) |
2017 |
(594,426 |
) |
|
2,004,209 |
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(1,409,783 |
) |
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| Schedule of Net Loss per Common Unit |
The following table provides a reconciliation of net loss and the allocation of net loss to the common units, the subordinated units, the general partner and the Creole Trail Pipeline Business for purposes of computing net loss per unit The following table (in thousands, except per unit data) also provides net loss per unit, as adjusted, assuming the common units, subordinated units and the general partner had participated in the pre-acquisition date net losses of the Creole Trail Pipeline Business.
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Limited Partner Units |
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Total |
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Common Units |
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Class B Units |
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Subordinated Units |
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General Partner |
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Creole Trail Pipeline Business |
Year Ended December 31, 2015 |
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Net loss |
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$ |
(318,891 |
) |
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Declared distributions |
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99,018 |
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97,038 |
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— |
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— |
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1,980 |
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Assumed allocation of undistributed net loss |
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$ |
(417,909 |
) |
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(121,468 |
) |
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— |
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(288,083 |
) |
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(8,358 |
) |
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— |
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Assumed allocation of net loss |
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$ |
(24,430 |
) |
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$ |
— |
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$ |
(288,083 |
) |
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$ |
(6,378 |
) |
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$ |
— |
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Weighted average units outstanding |
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57,081 |
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145,333 |
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135,384 |
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Net loss per unit |
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$ |
(0.43 |
) |
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$ |
— |
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$ |
(2.13 |
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Year Ended December 31, 2014 |
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Net loss |
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$ |
(410,036 |
) |
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Declared distributions |
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99,015 |
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97,036 |
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— |
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— |
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1,979 |
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Assumed allocation of undistributed net loss |
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$ |
(509,051 |
) |
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(147,952 |
) |
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— |
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(350,918 |
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(10,181 |
) |
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— |
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Assumed allocation of net loss |
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$ |
(50,916 |
) |
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$ |
— |
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$ |
(350,918 |
) |
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$ |
(8,202 |
) |
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$ |
— |
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Weighted average units outstanding |
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57,079 |
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145,333 |
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135,384 |
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Net loss per unit |
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$ |
(0.89 |
) |
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$ |
— |
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$ |
(2.59 |
) |
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Year Ended December 31, 2013 |
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Net loss |
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$ |
(258,117 |
) |
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Declared distributions |
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99,015 |
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97,035 |
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— |
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— |
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1,980 |
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Assumed allocation of undistributed net loss |
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$ |
(357,132 |
) |
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(98,522 |
) |
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— |
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(233,680 |
) |
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(6,780 |
) |
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(18,150 |
) |
Assumed allocation of net loss |
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$ |
(1,487 |
) |
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$ |
— |
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$ |
(233,680 |
) |
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$ |
(4,800 |
) |
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$ |
(18,150 |
) |
Assumed allocation of net loss adjusted for the Creole Trail Pipeline Business |
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$ |
(6,762 |
) |
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$ |
— |
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$ |
(246,192 |
) |
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$ |
(5,163 |
) |
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Weighted average units outstanding |
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54,235 |
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140,500 |
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135,384 |
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Net loss per unit |
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$ |
(0.03 |
) |
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$ |
— |
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$ |
(1.73 |
) |
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Net loss per unit, adjusted to include pre-acquisition date net losses of the Creole Trail Pipeline Business |
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$ |
(0.12 |
) |
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$ |
— |
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$ |
(1.82 |
) |
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