2017 Q2 Form 10-Q Financial Statement
#000127618717000048 Filed on May 04, 2017
Income Statement
Concept | 2017 Q2 | 2017 Q1 | 2016 Q1 |
---|---|---|---|
Revenue | $9.427B | $9.661B | $11.88B |
YoY Change | -33.23% | -18.69% | 22.99% |
Cost Of Revenue | $7.167B | $7.510B | $5.623B |
YoY Change | 30.81% | 33.56% | -33.75% |
Gross Profit | $2.260B | $2.151B | $6.259B |
YoY Change | -73.84% | -65.63% | 433.13% |
Gross Profit Margin | 23.97% | 22.26% | 52.68% |
Selling, General & Admin | $173.0M | $165.0M | $168.0M |
YoY Change | 15.33% | -1.79% | 8.39% |
% of Gross Profit | 7.65% | 7.67% | 2.68% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $607.0M | $628.0M | $562.0M |
YoY Change | 24.9% | 11.74% | 14.0% |
% of Gross Profit | 26.86% | 29.2% | 8.98% |
Operating Expenses | $173.0M | $165.0M | $168.0M |
YoY Change | 15.33% | -1.79% | 8.39% |
Operating Profit | $743.0M | $757.0M | $1.100B |
YoY Change | -34.01% | -31.18% | 45.12% |
Interest Expense | $477.0M | $473.0M | $427.0M |
YoY Change | 7.67% | 10.77% | 15.09% |
% of Operating Profit | 64.2% | 62.48% | 38.82% |
Other Income/Expense, Net | $57.00M | $17.00M | $16.00M |
YoY Change | 119.23% | 6.25% | 128.57% |
Pretax Income | $347.0M | $368.0M | $281.0M |
YoY Change | -13.68% | 30.96% | 20.6% |
Income Tax | $33.00M | $38.00M | -$55.00M |
% Of Pretax Income | 9.51% | 10.33% | -19.57% |
Net Earnings | $212.0M | $239.0M | $312.0M |
YoY Change | -12.03% | -23.4% | 9.86% |
Net Earnings / Revenue | 2.25% | 2.47% | 2.63% |
Basic Earnings Per Share | |||
Diluted Earnings Per Share | $185.8K | $209.8K | $294.9K |
COMMON SHARES | |||
Basic Shares Outstanding | 1.079B shares | 1.079B shares | 1.045B shares |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2017 Q2 | 2017 Q1 | 2016 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $375.0M | $370.0M | $807.0M |
YoY Change | -21.05% | -54.15% | -56.68% |
Cash & Equivalents | $379.0M | $353.0M | $807.0M |
Short-Term Investments | |||
Other Short-Term Assets | $401.0M | $513.0M | $743.0M |
YoY Change | -37.73% | -30.96% | 80.78% |
Inventory | $1.882B | $2.065B | $1.499B |
Prepaid Expenses | |||
Receivables | $3.329B | $3.485B | $2.412B |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $10.33B | $6.514B | $5.584B |
YoY Change | 69.56% | 16.65% | -17.75% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $56.81B | $56.97B | $50.13B |
YoY Change | 10.55% | 13.65% | 18.38% |
Goodwill | $5.174B | $6.750B | $7.471B |
YoY Change | -31.15% | -9.65% | -3.0% |
Intangibles | $6.267B | $6.837B | $5.396B |
YoY Change | 17.01% | 26.7% | -2.83% |
Long-Term Investments | $3.182B | $3.103B | $3.442B |
YoY Change | -7.85% | -9.85% | -5.85% |
Other Assets | $852.0M | $826.0M | $731.0M |
YoY Change | 14.82% | 13.0% | -23.29% |
Total Long-Term Assets | $72.28B | $74.48B | $67.18B |
YoY Change | 5.57% | 10.87% | 11.57% |
TOTAL ASSETS | |||
Total Short-Term Assets | $10.33B | $6.514B | $5.584B |
Total Long-Term Assets | $72.28B | $74.48B | $67.18B |
Total Assets | $82.61B | $81.00B | $72.77B |
YoY Change | 10.8% | 11.31% | 8.6% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $3.368B | $3.363B | $2.399B |
YoY Change | 14.91% | 40.18% | -16.27% |
Accrued Expenses | $2.923B | $2.304B | $2.273B |
YoY Change | 33.17% | 1.36% | 51.43% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $1.370B | $392.0M | $930.0M |
YoY Change | 35.24% | -57.85% | 245.72% |
Total Short-Term Liabilities | $7.765B | $6.218B | $5.691B |
YoY Change | 25.48% | 9.26% | 6.83% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $43.08B | $42.58B | $37.40B |
YoY Change | 11.9% | 13.86% | 12.8% |
Other Long-Term Liabilities | $1.178B | $1.237B | $1.117B |
YoY Change | 3.61% | 10.74% | -14.93% |
Total Long-Term Liabilities | $44.26B | $43.82B | $38.52B |
YoY Change | 11.67% | 13.76% | 11.74% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $7.765B | $6.218B | $5.691B |
Total Long-Term Liabilities | $44.26B | $43.82B | $38.52B |
Total Liabilities | $52.03B | $50.04B | $44.21B |
YoY Change | 13.53% | 13.19% | 11.08% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | |||
YoY Change | |||
Common Stock | |||
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$1.185B | -$1.147B | -$1.686B |
YoY Change | |||
Total Liabilities & Shareholders Equity | $82.61B | $81.00B | $72.77B |
YoY Change | 10.8% | 11.31% | 8.6% |
Cashflow Statement
Concept | 2017 Q2 | 2017 Q1 | 2016 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $212.0M | $239.0M | $312.0M |
YoY Change | -12.03% | -23.4% | 9.86% |
Depreciation, Depletion And Amortization | $607.0M | $628.0M | $562.0M |
YoY Change | 24.9% | 11.74% | 14.0% |
Cash From Operating Activities | $701.0M | $771.0M | $985.0M |
YoY Change | 29.1% | -21.73% | 71.3% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$1.471B | -$1.408B | -$1.948B |
YoY Change | -17.13% | -27.72% | -9.73% |
Acquisitions | $330.0M | $2.000M | |
YoY Change | 16400.0% | -99.46% | |
Other Investing Activities | -$332.0M | $3.000M | $1.000M |
YoY Change | 472.41% | 200.0% | -75.0% |
Cash From Investing Activities | -$1.803B | $244.0M | -$1.942B |
YoY Change | -1.64% | -112.56% | -24.87% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $0.00 | ||
YoY Change | |||
Debt Paid & Issued, Net | $9.809B | $4.422B | |
YoY Change | 121.82% | -25.53% | |
Cash From Financing Activities | 1.128B | -$1.209B | $1.158B |
YoY Change | 16.53% | -204.4% | -61.73% |
NET CHANGE | |||
Cash From Operating Activities | 701.0M | $771.0M | $985.0M |
Cash From Investing Activities | -1.803B | $244.0M | -$1.942B |
Cash From Financing Activities | 1.128B | -$1.209B | $1.158B |
Net Change In Cash | 26.00M | -$194.0M | $201.0M |
YoY Change | -108.07% | -196.52% | -80.22% |
FREE CASH FLOW | |||
Cash From Operating Activities | $701.0M | $771.0M | $985.0M |
Capital Expenditures | -$1.471B | -$1.408B | -$1.948B |
Free Cash Flow | $2.172B | $2.179B | $2.933B |
YoY Change | -6.3% | -25.71% | 7.32% |
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CY2016Q1 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
-71000000 | USD |
CY2017Q1 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
19000000 | USD |
CY2016Q4 | us-gaap |
Derivative Instruments And Hedges
DerivativeInstrumentsAndHedges
|
21000000 | USD |
CY2017Q1 | us-gaap |
Derivative Instruments And Hedges
DerivativeInstrumentsAndHedges
|
9000000 | USD |
CY2016Q4 | us-gaap |
Derivative Instruments And Hedges Liabilities
DerivativeInstrumentsAndHedgesLiabilities
|
172000000 | USD |
CY2017Q1 | us-gaap |
Derivative Instruments And Hedges Liabilities
DerivativeInstrumentsAndHedgesLiabilities
|
126000000 | USD |
CY2016Q1 | us-gaap |
Derivative Instruments Gain Loss Recognized In Income Ineffective Portion And Amount Excluded From Effectiveness Testing Net
DerivativeInstrumentsGainLossRecognizedInIncomeIneffectivePortionAndAmountExcludedFromEffectivenessTestingNet
|
-4000000 | USD |
CY2017Q1 | us-gaap |
Derivative Instruments Gain Loss Recognized In Income Ineffective Portion And Amount Excluded From Effectiveness Testing Net
DerivativeInstrumentsGainLossRecognizedInIncomeIneffectivePortionAndAmountExcludedFromEffectivenessTestingNet
|
-4000000 | USD |
CY2016Q1 | us-gaap |
Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
|
-70000000 | USD |
CY2017Q1 | us-gaap |
Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
|
5000000 | USD |
CY2016Q4 | us-gaap |
Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
|
76000000 | USD |
CY2017Q1 | us-gaap |
Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
|
72000000 | USD |
CY2016Q4 | us-gaap |
Derivative Liability Collateral Right To Reclaim Cash Offset
DerivativeLiabilityCollateralRightToReclaimCashOffset
|
338000000 | USD |
CY2017Q1 | us-gaap |
Derivative Liability Collateral Right To Reclaim Cash Offset
DerivativeLiabilityCollateralRightToReclaimCashOffset
|
133000000 | USD |
CY2016Q1 | us-gaap |
Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
|
299000000 | USD |
CY2017Q1 | us-gaap |
Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
|
251000000 | USD |
CY2016Q4 | us-gaap |
Due From Related Parties Current
DueFromRelatedPartiesCurrent
|
47000000 | USD |
CY2017Q1 | us-gaap |
Due From Related Parties Current
DueFromRelatedPartiesCurrent
|
72000000 | USD |
CY2016Q4 | us-gaap |
Due To Related Parties Current
DueToRelatedPartiesCurrent
|
42000000 | USD |
CY2017Q1 | us-gaap |
Due To Related Parties Current
DueToRelatedPartiesCurrent
|
33000000 | USD |
CY2016Q4 | us-gaap |
Energy Related Inventory Natural Gas In Storage
EnergyRelatedInventoryNaturalGasInStorage
|
699000000 | USD |
CY2017Q1 | us-gaap |
Energy Related Inventory Natural Gas In Storage
EnergyRelatedInventoryNaturalGasInStorage
|
474000000 | USD |
CY2016Q1 | us-gaap |
Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
|
84000000 | USD |
CY2017Q1 | us-gaap |
Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
|
46000000 | USD |
CY2017Q1 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersNet
|
0 | USD |
CY2016Q1 | us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
-3000000 | USD |
CY2017Q1 | us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
-6000000 | USD |
CY2016Q1 | us-gaap |
Gain Or Loss On Sale Of Previously Unissued Stock By Subsidiary
GainOrLossOnSaleOfPreviouslyUnissuedStockBySubsidiary
|
-12000000 | USD |
CY2017Q1 | us-gaap |
Gain Or Loss On Sale Of Previously Unissued Stock By Subsidiary
GainOrLossOnSaleOfPreviouslyUnissuedStockBySubsidiary
|
-52000000 | USD |
CY2016Q1 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
0 | USD |
CY2017Q1 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-25000000 | USD |
CY2016Q4 | us-gaap |
General Partners Capital Account
GeneralPartnersCapitalAccount
|
-3000000 | USD |
CY2017Q1 | us-gaap |
General Partners Capital Account
GeneralPartnersCapitalAccount
|
-3000000 | USD |
CY2016Q4 | us-gaap |
Goodwill
Goodwill
|
6738000000 | USD |
CY2017Q1 | us-gaap |
Goodwill
Goodwill
|
6750000000 | USD |
CY2016Q1 | us-gaap |
Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
|
24000000 | USD |
CY2017Q1 | us-gaap |
Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
|
51000000 | USD |
CY2016Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
281000000 | USD |
CY2017Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
325000000 | USD |
CY2016Q1 | us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
336000000 | USD |
CY2017Q1 | us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
290000000 | USD |
CY2016Q1 | us-gaap |
Income Loss From Continuing Operations Net Of Tax Per Outstanding Limited Partnership Unit Diluted
IncomeLossFromContinuingOperationsNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
|
0.30 | |
CY2017Q1 | us-gaap |
Income Loss From Continuing Operations Net Of Tax Per Outstanding Limited Partnership Unit Diluted
IncomeLossFromContinuingOperationsNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
|
0.21 | |
CY2016Q1 | us-gaap |
Income Loss From Continuing Operations Per Outstanding Limited Partnership Unit Basic Net Of Tax
IncomeLossFromContinuingOperationsPerOutstandingLimitedPartnershipUnitBasicNetOfTax
|
0.30 | |
CY2017Q1 | us-gaap |
Income Loss From Continuing Operations Per Outstanding Limited Partnership Unit Basic Net Of Tax
IncomeLossFromContinuingOperationsPerOutstandingLimitedPartnershipUnitBasicNetOfTax
|
0.22 | |
CY2016Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
61000000 | USD |
CY2017Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
87000000 | USD |
CY2016Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-55000000 | USD |
CY2017Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
35000000 | USD |
CY2016Q1 | us-gaap |
Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
|
46000000 | USD |
CY2017Q1 | us-gaap |
Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
|
-34000000 | USD |
CY2016Q1 | us-gaap |
Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
|
-90000000 | USD |
CY2017Q1 | us-gaap |
Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
|
57000000 | USD |
CY2016Q1 | us-gaap |
Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
|
1000000 | USD |
CY2017Q1 | us-gaap |
Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
|
0 | USD |
CY2016Q1 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
0 | shares |
CY2017Q1 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
63800000 | shares |
CY2016Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
5992000000 | USD |
CY2017Q1 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
6837000000 | USD |
CY2016Q1 | us-gaap |
Interest Expense
InterestExpense
|
427000000 | USD |
CY2017Q1 | us-gaap |
Interest Expense
InterestExpense
|
486000000 | USD |
CY2016Q4 | us-gaap |
Inventory Crude Oil Products And Merchandise
InventoryCrudeOilProductsAndMerchandise
|
540000000 | USD |
CY2017Q1 | us-gaap |
Inventory Crude Oil Products And Merchandise
InventoryCrudeOilProductsAndMerchandise
|
455000000 | USD |
CY2016Q1 | us-gaap |
Inventory Lifo Reserve Period Charge
InventoryLIFOReservePeriodCharge
|
13000000 | USD |
CY2017Q1 | us-gaap |
Inventory Lifo Reserve Period Charge
InventoryLIFOReservePeriodCharge
|
12000000 | USD |
CY2016Q4 | us-gaap |
Inventory Net
InventoryNet
|
2291000000 | USD |
CY2017Q1 | us-gaap |
Inventory Net
InventoryNet
|
2065000000 | USD |
CY2016Q4 | us-gaap |
Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
3040000000 | USD |
CY2017Q1 | us-gaap |
Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
3103000000 | USD |
CY2016Q1 | us-gaap |
Lease And Rental Expense
LeaseAndRentalExpense
|
51000000 | USD |
CY2017Q1 | us-gaap |
Lease And Rental Expense
LeaseAndRentalExpense
|
54000000 | USD |
CY2017Q1 | us-gaap |
Lease Expiration Date1
LeaseExpirationDate1
|
2034-12-31 | |
CY2016Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
79011000000 | USD |
CY2017Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
80997000000 | USD |
CY2016Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
7277000000 | USD |
CY2017Q1 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
6218000000 | USD |
CY2016Q4 | us-gaap |
Liabilities Fair Value Disclosure Recurring
LiabilitiesFairValueDisclosureRecurring
|
672000000 | USD |
CY2016Q4 | us-gaap |
Limited Partners Capital Account
LimitedPartnersCapitalAccount
|
-1871000000 | USD |
CY2017Q1 | us-gaap |
Limited Partners Capital Account
LimitedPartnersCapitalAccount
|
-1389000000 | USD |
CY2016Q4 | us-gaap |
Limited Partners Capital Account Units Outstanding
LimitedPartnersCapitalAccountUnitsOutstanding
|
1046900000 | shares |
CY2017Q1 | us-gaap |
Limited Partners Capital Account Units Outstanding
LimitedPartnersCapitalAccountUnitsOutstanding
|
1079100000 | shares |
CY2016Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
43800000000 | USD |
CY2017Q1 | us-gaap |
Long Term Debt
LongTermDebt
|
42980000000 | USD |
CY2016Q4 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
1194000000 | USD |
CY2017Q1 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
392000000 | USD |
CY2016Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
42608000000 | USD |
CY2017Q1 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
42583000000 | USD |
CY2016Q4 | us-gaap |
Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
|
77000000 | USD |
CY2017Q1 | us-gaap |
Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
|
94000000 | USD |
CY2016Q4 | us-gaap |
Minority Interest
MinorityInterest
|
24211000000 | USD |
CY2017Q1 | us-gaap |
Minority Interest
MinorityInterest
|
26889000000 | USD |
CY2017Q1 | us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
752000000 | USD |
CY2016Q1 | us-gaap |
Natural Gas Midstream Revenue
NaturalGasMidstreamRevenue
|
1003000000 | USD |
CY2017Q1 | us-gaap |
Natural Gas Midstream Revenue
NaturalGasMidstreamRevenue
|
1065000000 | USD |
CY2016Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
1158000000 | USD |
CY2017Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-1209000000 | USD |
CY2016Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-1942000000 | USD |
CY2017Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
203000000 | USD |
CY2016Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
985000000 | USD |
CY2017Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
893000000 | USD |
CY2016Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
312000000 | USD |
CY2017Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
239000000 | USD |
CY2016Q1 | us-gaap |
Net Income Loss Allocated To General Partners
NetIncomeLossAllocatedToGeneralPartners
|
1000000 | USD |
CY2017Q1 | us-gaap |
Net Income Loss Allocated To General Partners
NetIncomeLossAllocatedToGeneralPartners
|
1000000 | USD |
CY2016Q1 | us-gaap |
Net Income Loss Allocated To Limited Partners
NetIncomeLossAllocatedToLimitedPartners
|
311000000 | USD |
CY2017Q1 | us-gaap |
Net Income Loss Allocated To Limited Partners
NetIncomeLossAllocatedToLimitedPartners
|
232000000 | USD |
CY2016Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
24000000 | USD |
CY2017Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
51000000 | USD |
CY2016Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
311000000 | USD |
CY2017Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
238000000 | USD |
CY2016Q1 | us-gaap |
Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted
NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
|
0.30 | |
CY2017Q1 | us-gaap |
Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted
NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
|
0.21 | |
CY2016Q1 | us-gaap |
Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax
NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
|
0.30 | |
CY2017Q1 | us-gaap |
Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax
NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
|
0.22 | |
CY2017Q1 | us-gaap |
Noncontrolling Interest Increase From Sale Of Parent Equity Interest
NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest
|
2000000000 | USD |
CY2017Q1 | us-gaap |
Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
|
299000000 | USD |
CY2016Q4 | us-gaap |
Notes Payable Related Parties Noncurrent
NotesPayableRelatedPartiesNoncurrent
|
250000000 | USD |
CY2017Q1 | us-gaap |
Notes Payable Related Parties Noncurrent
NotesPayableRelatedPartiesNoncurrent
|
0 | USD |
CY2016Q1 | us-gaap |
Oil And Gas Sales Revenue
OilAndGasSalesRevenue
|
1209000000 | USD |
CY2017Q1 | us-gaap |
Oil And Gas Sales Revenue
OilAndGasSalesRevenue
|
2347000000 | USD |
CY2016Q1 | us-gaap |
Operating Costs And Expenses
OperatingCostsAndExpenses
|
641000000 | USD |
CY2017Q1 | us-gaap |
Operating Costs And Expenses
OperatingCostsAndExpenses
|
673000000 | USD |
CY2016Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
701000000 | USD |
CY2017Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
725000000 | USD |
CY2016Q1 | us-gaap |
Operating Leases Rent Expense Contingent Rentals
OperatingLeasesRentExpenseContingentRentals
|
16000000 | USD |
CY2017Q1 | us-gaap |
Operating Leases Rent Expense Contingent Rentals
OperatingLeasesRentExpenseContingentRentals
|
5000000 | USD |
CY2016Q1 | us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
44000000 | USD |
CY2017Q1 | us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
48000000 | USD |
CY2016Q1 | us-gaap |
Operating Leases Rent Expense Sublease Rentals1
OperatingLeasesRentExpenseSubleaseRentals1
|
7000000 | USD |
CY2017Q1 | us-gaap |
Operating Leases Rent Expense Sublease Rentals1
OperatingLeasesRentExpenseSubleaseRentals1
|
6000000 | USD |
CY2016Q4 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
586000000 | USD |
CY2017Q1 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
513000000 | USD |
CY2016Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
818000000 | USD |
CY2017Q1 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
826000000 | USD |
CY2016 | us-gaap |
Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
|
7000000 | USD |
CY2017Q1 | us-gaap |
Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
|
5000000 | USD |
CY2016Q1 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
-1000000 | USD |
CY2017Q1 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
0 | USD |
CY2016 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
-5000000 | USD |
CY2017Q1 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
-5000000 | USD |
CY2016Q1 | us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
2000000 | USD |
CY2017Q1 | us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
2000000 | USD |
CY2016Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-14000000 | USD |
CY2017Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
0 | USD |
CY2016 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
|
8000000 | USD |
CY2017Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
|
8000000 | USD |
CY2016Q1 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
|
9000000 | USD |
CY2017Q1 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
|
2000000 | USD |
CY2016Q4 | us-gaap |
Other Inventory
OtherInventory
|
369000000 | USD |
CY2017Q1 | us-gaap |
Other Inventory
OtherInventory
|
352000000 | USD |
CY2016Q4 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
2367000000 | USD |
CY2017Q1 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
2304000000 | USD |
CY2016Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
1123000000 | USD |
CY2017Q1 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
1237000000 | USD |
CY2016Q1 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-13000000 | USD |
CY2017Q1 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
60000000 | USD |
CY2016Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
16000000 | USD |
CY2017Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
19000000 | USD |
CY2016Q1 | us-gaap |
Other Sales Revenue Net
OtherSalesRevenueNet
|
1166000000 | USD |
CY2017Q1 | us-gaap |
Other Sales Revenue Net
OtherSalesRevenueNet
|
1122000000 | USD |
CY2016Q4 | us-gaap |
Partners Capital
PartnersCapital
|
-1694000000 | USD |
CY2017Q1 | us-gaap |
Partners Capital
PartnersCapital
|
-1147000000 | USD |
CY2017Q1 | us-gaap |
Partners Capital Account Contributions
PartnersCapitalAccountContributions
|
1094000000 | USD |
CY2017Q1 | us-gaap |
Partners Capital Account Distributions
PartnersCapitalAccountDistributions
|
251000000 | USD |
CY2017Q1 | us-gaap |
Partners Capital Account Sale Of Units
PartnersCapitalAccountSaleOfUnits
|
568000000 | USD |
CY2017Q1 | us-gaap |
Partners Capital Account Units Sale Of Units
PartnersCapitalAccountUnitsSaleOfUnits
|
32200000 | shares |
CY2017Q1 | us-gaap |
Partners Capital Account Units Sold In Private Placement
PartnersCapitalAccountUnitsSoldInPrivatePlacement
|
32200000 | shares |
CY2017Q1 | us-gaap |
Partners Capital Other
PartnersCapitalOther
|
-23000000 | USD |
CY2016Q1 | us-gaap |
Payments For Environmental Liabilities
PaymentsForEnvironmentalLiabilities
|
8000000 | USD |
CY2017Q1 | us-gaap |
Payments For Environmental Liabilities
PaymentsForEnvironmentalLiabilities
|
4000000 | USD |
CY2016Q1 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
1000000 | USD |
CY2017Q1 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
3000000 | USD |
CY2017Q1 | us-gaap |
Payments For Repurchase Of Preferred Stock And Preference Stock
PaymentsForRepurchaseOfPreferredStockAndPreferenceStock
|
53000000 | USD |
CY2016Q1 | us-gaap |
Payments For Repurchase Of Preferred Stock And Preference Stock
PaymentsForRepurchaseOfPreferredStockAndPreferenceStock
|
0 | USD |
CY2017Q1 | us-gaap |
Payments For Repurchase Of Preferred Stock And Preference Stock
PaymentsForRepurchaseOfPreferredStockAndPreferenceStock
|
53000000 | USD |
CY2016Q1 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
19000000 | USD |
CY2017Q1 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
53000000 | USD |
CY2016Q1 | us-gaap |
Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
|
658000000 | USD |
CY2017Q1 | us-gaap |
Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
|
752000000 | USD |
CY2016Q1 | us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
2000000 | USD |
CY2017Q1 | us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
330000000 | USD |
CY2016Q1 | us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
|
1948000000 | USD |
CY2017Q1 | us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
|
1450000000 | USD |
CY2016Q4 | us-gaap |
Preferred Units Preferred Partners Capital Accounts
PreferredUnitsPreferredPartnersCapitalAccounts
|
180000000 | USD |
CY2017Q1 | us-gaap |
Preferred Units Preferred Partners Capital Accounts
PreferredUnitsPreferredPartnersCapitalAccounts
|
245000000 | USD |
CY2016Q1 | us-gaap |
Proceeds From Contribution In Aid Of Construction
ProceedsFromContributionInAidOfConstruction
|
10000000 | USD |
CY2017Q1 | us-gaap |
Proceeds From Contribution In Aid Of Construction
ProceedsFromContributionInAidOfConstruction
|
6000000 | USD |
CY2016Q1 | us-gaap |
Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
|
132000000 | USD |
CY2017Q1 | us-gaap |
Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
|
106000000 | USD |
CY2016Q1 | us-gaap |
Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
21000000 | USD |
CY2017Q1 | us-gaap |
Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
90000000 | USD |
CY2016Q1 | us-gaap |
Proceeds From Issuance Of Common Limited Partners Units
ProceedsFromIssuanceOfCommonLimitedPartnersUnits
|
0 | USD |
CY2017Q1 | us-gaap |
Proceeds From Issuance Of Common Limited Partners Units
ProceedsFromIssuanceOfCommonLimitedPartnersUnits
|
568000000 | USD |
CY2017Q1 | us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
1480000000 | USD |
CY2016Q1 | us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
5750000000 | USD |
CY2017Q1 | us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
9000000000 | USD |
CY2017Q1 | us-gaap |
Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
|
580000000 | USD |
CY2016Q1 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
10000000 | USD |
CY2017Q1 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
4000000 | USD |
CY2016Q1 | us-gaap |
Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
|
10000000 | USD |
CY2017Q1 | us-gaap |
Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
|
1000000 | USD |
CY2016Q1 | us-gaap |
Profit Loss
ProfitLoss
|
336000000 | USD |
CY2017Q1 | us-gaap |
Profit Loss
ProfitLoss
|
290000000 | USD |
CY2016Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
63721000000 | USD |
CY2017Q1 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
65788000000 | USD |
CY2016Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
55438000000 | USD |
CY2017Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
56967000000 | USD |
CY2016Q4 | us-gaap |
Redeemable Noncontrolling Interest Equity Other Carrying Amount
RedeemableNoncontrollingInterestEquityOtherCarryingAmount
|
15000000 | USD |
CY2017Q1 | us-gaap |
Redeemable Noncontrolling Interest Equity Other Carrying Amount
RedeemableNoncontrollingInterestEquityOtherCarryingAmount
|
15000000 | USD |
CY2016Q1 | us-gaap |
Refining And Marketing Revenue
RefiningAndMarketingRevenue
|
2539000000 | USD |
CY2017Q1 | us-gaap |
Refining And Marketing Revenue
RefiningAndMarketingRevenue
|
4155000000 | USD |
CY2016Q1 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
4422000000 | USD |
CY2017Q1 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
9809000000 | USD |
CY2016Q1 | us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
0 | USD |
CY2017Q1 | us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
268000000 | USD |
CY2016Q1 | us-gaap |
Revenue From Related Parties
RevenueFromRelatedParties
|
81000000 | USD |
CY2017Q1 | us-gaap |
Revenue From Related Parties
RevenueFromRelatedParties
|
50000000 | USD |
CY2016Q1 | us-gaap |
Revenues
Revenues
|
7695000000 | USD |
CY2017Q1 | us-gaap |
Revenues
Revenues
|
11247000000 | USD |
CY2016Q1 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
168000000 | USD |
CY2017Q1 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
197000000 | USD |
CY2016Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1000000 | USD |
CY2017Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
27000000 | USD |
CY2017Q1 | us-gaap |
Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
|
936000000 | USD |
CY2016Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
22517000000 | USD |
CY2017Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
25742000000 | USD |
CY2016Q4 | us-gaap |
Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
|
33000000 | USD |
CY2017Q1 | us-gaap |
Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
|
0 | USD |
CY2016Q1 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
-60000000 | USD |
CY2017Q1 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
69000000 | USD |
CY2016Q1 | us-gaap |
Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
|
1044800000 | shares |
CY2017Q1 | us-gaap |
Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
|
1075200000 | shares |
CY2016Q1 | us-gaap |
Weighted Average Limited Partnership Units Outstanding Diluted
WeightedAverageLimitedPartnershipUnitsOutstandingDiluted
|
1044800000 | shares |
CY2017Q1 | us-gaap |
Weighted Average Limited Partnership Units Outstanding Diluted
WeightedAverageLimitedPartnershipUnitsOutstandingDiluted
|
1139000000 | shares |
CY2017Q1 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The unaudited consolidated financial statements have been prepared in conformity with GAAP, which includes the use of estimates and assumptions made by management that affect the reported amounts of assets, liabilities, revenues, expenses and disclosure of contingent assets and liabilities that exist at the date of the consolidated financial statements. Although these estimates are based on management’s available knowledge of current and expected future events, actual results could be different from those estimates.</font></div></div> |