Energy Transfer 2015 Annual Report Download - page 196
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Table of Contents
5. NET INCOME PER LIMITED PARTNER UNIT:
The following table provides a reconciliation of the numerator and denominator of the basic and diluted income (loss) per unit.
Years Ended December 31,
2015
2014
2013
Income from continuing operations $ 1,521
$ 1,235
$ 713
Less: Income from continuing operations attributable to noncontrolling interest 157
116
239
Less: Income (loss) from continuing operations attributable to predecessor (34)
(153)
35
Income from continuing operations, net of noncontrolling interest 1,398
1,272
439
General Partner’s interest in income from continuing operations 1,064
513
505
Class H Unitholder’s interest in income from continuing operations 258
217
—
Class I Unitholder’s interest in income from continuing operations 94
—
—
Common Unitholders’ interest in income (loss) from continuing operations (18)
542
(66)
Additional earnings allocated to General Partner (5)
(4)
(2)
Distributions on employee unit awards, net of allocation to General Partner (16)
(13)
(10)
Income (loss) from continuing operations available to Common Unitholders $ (39)
$ 525
$ (78)
Weighted average Common Units – basic 432.8
331.5
343.4
Basic income (loss) from continuing operations per Common Unit $ (0.09)
$ 1.58
$ (0.23)
Income (loss) from continuing operations available to Common Unitholders $ (39)
$ 525
$ (78)
Loss attributable to ETP Series A Preferred Units (6)
—
—
Diluted income (loss) from continuing operations available to Common Unitholders $ (45)
$ 525
$ (78)
Weighted average Common Units – basic 432.8
331.5
343.4
Dilutive effect of unvested Unit Awards —
1.3
—
Dilutive effect of Preferred Units 0.7
—
—
Weighted average Common Units – diluted 433.5
332.8
343.4
Diluted income (loss) from continuing operations per Common Unit $ (0.10)
$ 1.58
$ (0.23)
Basic income from discontinued operations per Common Unit $ —
$ 0.19
$ 0.05
Diluted income from discontinued operations per Common Unit $ —
$ 0.19
$ 0.05
6. DEBT OBLIGATIONS:
Our debt obligations consist of the following:
December 31,
2015
2014
ETP Debt
5.95% Senior Notes due February 1, 2015 $ —
$ 750
6.125% Senior Notes due February 15, 2017 400
400
2.5% Senior Notes due June 15, 2018 650
—
6.7% Senior Notes due July 1, 2018 600
600
9.7% Senior Notes due March 15, 2019 400
400
F - 35