$SPH
SUBURBAN PROPANE PARTNERS LP

2019 Q1 Form 10-Q Financial Statement

#000156459019017742 Filed on May 09, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q1
Revenue $504.4M $536.3M
YoY Change -5.95% 19.02%
Cost Of Revenue $201.5M $246.6M
YoY Change -18.29% 29.81%
Gross Profit $302.9M $289.6M
YoY Change 4.56% 11.14%
Gross Profit Margin 60.05% 54.01%
Selling, General & Admin $21.99M $18.20M
YoY Change 20.81% 49.18%
% of Gross Profit 7.26% 6.28%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $30.62M $32.20M
YoY Change -4.91% -1.22%
% of Gross Profit 10.11% 11.12%
Operating Expenses $160.8M $162.3M
YoY Change -0.95% 4.57%
Operating Profit $142.1M $127.3M
YoY Change 11.58% 20.82%
Interest Expense $19.65M -$23.10M
YoY Change -185.05% 15.5%
% of Operating Profit 13.83% -18.14%
Other Income/Expense, Net -$1.175M -$1.200M
YoY Change -2.08%
Pretax Income $121.3M $106.8M
YoY Change 13.52% 27.48%
Income Tax $252.0K $41.00K
% Of Pretax Income 0.21% 0.04%
Net Earnings $121.0M $106.8M
YoY Change 13.32% 27.43%
Net Earnings / Revenue 23.99% 19.91%
Basic Earnings Per Share $1.96 $1.74
Diluted Earnings Per Share $1.94 $1.73
COMMON SHARES
Basic Shares Outstanding 61.78M 61.46M
Diluted Shares Outstanding 62.23M 61.79M

Balance Sheet

Concept 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.928M $5.700M
YoY Change 4.0% -18.57%
Cash & Equivalents $5.928M $5.700M
Short-Term Investments
Other Short-Term Assets $22.60M $28.50M
YoY Change -20.71% 63.79%
Inventory $50.51M $52.10M
Prepaid Expenses
Receivables $153.6M $160.5M
Other Receivables $0.00 $0.00
Total Short-Term Assets $232.6M $246.9M
YoY Change -5.78% 25.39%
LONG-TERM ASSETS
Property, Plant & Equipment $636.6M $667.4M
YoY Change -4.61% -7.38%
Goodwill $1.096B
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $23.19M $26.40M
YoY Change -12.16% 11.86%
Total Long-Term Assets $1.907B $1.981B
YoY Change -3.72% -5.07%
TOTAL ASSETS
Total Short-Term Assets $232.6M $246.9M
Total Long-Term Assets $1.907B $1.981B
Total Assets $2.140B $2.228B
YoY Change -3.95% -2.45%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $55.92M $51.50M
YoY Change 8.59% -8.69%
Accrued Expenses $45.93M $43.60M
YoY Change 5.34% 41.1%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $179.2M $175.3M
YoY Change 2.2% -1.13%
LONG-TERM LIABILITIES
Long-Term Debt $1.256B $1.285B
YoY Change -2.22% 3.73%
Other Long-Term Liabilities $75.41M $138.9M
YoY Change -45.71% -2.94%
Total Long-Term Liabilities $1.331B $1.424B
YoY Change -6.47% 3.04%
TOTAL LIABILITIES
Total Short-Term Liabilities $179.2M $175.3M
Total Long-Term Liabilities $1.331B $1.424B
Total Liabilities $1.565B $1.599B
YoY Change -2.11% 2.56%
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 $575.0M $629.3M
YoY Change
Total Liabilities & Shareholders Equity $2.140B $2.228B
YoY Change -3.95% -2.45%

Cashflow Statement

Concept 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income $121.0M $106.8M
YoY Change 13.32% 27.43%
Depreciation, Depletion And Amortization $30.62M $32.20M
YoY Change -4.91% -1.22%
Cash From Operating Activities $93.90M $80.90M
YoY Change 16.07% 43.69%
INVESTING ACTIVITIES
Capital Expenditures -$8.847M -$9.700M
YoY Change -8.79% -6.73%
Acquisitions $10.58M
YoY Change
Other Investing Activities -$9.356M $1.600M
YoY Change -684.75% 33.33%
Cash From Investing Activities -$18.20M -$8.100M
YoY Change 124.73% -11.96%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -76.36M -72.90M
YoY Change 4.74% 63.09%
NET CHANGE
Cash From Operating Activities 93.90M 80.90M
Cash From Investing Activities -18.20M -8.100M
Cash From Financing Activities -76.36M -72.90M
Net Change In Cash -660.0K -100.0K
YoY Change 560.0% -104.17%
FREE CASH FLOW
Cash From Operating Activities $93.90M $80.90M
Capital Expenditures -$8.847M -$9.700M
Free Cash Flow $102.7M $90.60M
YoY Change 13.41% 35.83%

Facts In Submission

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us-gaap Nature Of Operations
NatureOfOperations
<div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:4.54%;white-space:nowrap"> <p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">1.</font></p></td> <td valign="top"> <p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;font-weight:bold;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;">Partnership Organization and Formation</p></td></tr></table></div> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Suburban Propane Partners, L.P. (the &#8220;Partnership&#8221;) is a publicly traded Delaware limited partnership principally engaged, through its operating partnership and subsidiaries, in the retail marketing and distribution of propane, fuel oil and refined fuels, as well as the marketing of natural gas and electricity in deregulated markets.&nbsp;&nbsp;In addition, to complement its core marketing and distribution businesses, the Partnership services a wide variety of home comfort equipment, particularly for heating and ventilation.&nbsp;&nbsp;The publicly traded limited partner interests in the Partnership are evidenced by common units traded on the New York Stock Exchange (&#8220;Common Units&#8221;), with 61,663,627 Common Units outstanding at March 30, 2019.&nbsp;&nbsp;The holders of Common Units are entitled to participate in distributions and exercise the rights and privileges available to limited partners under the Third Amended and Restated Agreement of Limited Partnership (the &#8220;Partnership Agreement&#8221;), as amended.&nbsp;&nbsp;Rights and privileges under the Partnership Agreement include, among other things, the election of all members of the Board of Supervisors and voting on the removal of the general partner.</p> <p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Suburban Propane, L.P. (the &#8220;Operating Partnership&#8221;), a Delaware limited partnership, is the Partnership&#8217;s operating subsidiary formed to operate the propane business and assets.&nbsp;&nbsp;In addition, Suburban Sales &amp; Service, Inc. (the &#8220;Service Company&#8221;), a subsidiary of the Operating Partnership, was formed to operate the service work and appliance and parts businesses of the Partnership.&nbsp;&nbsp;The Operating Partnership, together with its direct and indirect subsidiaries, accounts for substantially all of the Partnership&#8217;s assets, revenues and earnings.&nbsp;&nbsp;The Partnership, the Operating Partnership and the Service Company commenced operations in March 1996 in connection with the Partnership&#8217;s initial public offering.</p> <p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The general partner of both the Partnership and the Operating Partnership is Suburban Energy Services Group LLC (the &#8220;General Partner&#8221;), a Delaware limited liability company, the sole member of which is the Partnership&#8217;s Chief Executive Officer.&nbsp;&nbsp;Other than as a holder of 784 Common Units that will remain in the General Partner, the General Partner does not have any economic interest in the Partnership or the Operating Partnership.</p> <p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Partnership&#8217;s fuel oil and refined fuels, natural gas and electricity and services businesses are structured as either limited liability companies that are treated as corporations or corporate entities (collectively referred to as the &#8220;Corporate Entities&#8221;) and, as such, are subject to corporate level U.S. income tax.</p> <p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Suburban Energy Finance Corp., a direct 100%-owned subsidiary of the Partnership, was formed on November 26, 2003 to serve as&#160;co-issuer, jointly and severally with the Partnership, of the Partnership&#8217;s senior notes.</p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
CY2019Q1 sph Percentage Of Wholly Owned Subsidiary
PercentageOfWhollyOwnedSubsidiary
1.00
us-gaap Limited Liability Company Llc Or Limited Partnership Lp Managing Member Or General Partner Ownership Interest
LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest
1.00
sph Minimum Number Of Weeks In Fiscal Year Reporting Calendar
MinimumNumberOfWeeksInFiscalYearReportingCalendar
52
sph Maximum Number Of Weeks In Fiscal Year Reporting Calendar
MaximumNumberOfWeeksInFiscalYearReportingCalendar
53
sph Minimum Number Of Weeks In Fiscal Quarter
MinimumNumberOfWeeksInFiscalQuarter
13
sph Maximum Number Of Weeks In Fiscal Quarter
MaximumNumberOfWeeksInFiscalQuarter
14
CY2019Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
0
sph Maximum Maturity Period Of Highly Liquid Investment Considered As Cash Equivalents
MaximumMaturityPeriodOfHighlyLiquidInvestmentConsideredAsCashEquivalents
P3M
us-gaap Debt Instrument Basis Spread On Variable Rate1
DebtInstrumentBasisSpreadOnVariableRate1
0.01
CY2018Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
1546000
CY2017Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
4108000
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
-1179000
us-gaap Fiscal Period
FiscalPeriod
<p style="text-align:justify;margin-top:2pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">Fiscal Period.<font style="font-weight:normal;">&nbsp;&nbsp;The Partnership uses a 52/53 week fiscal year which ends on the last Saturday in September.&#160; The Partnership&#8217;s fiscal quarters are generally thirteen weeks in duration.&#160; When the Partnership&#8217;s fiscal year is 53 weeks long, the corresponding fourth quarter is fourteen weeks in duration. </font></p>
us-gaap Use Of Estimates
UseOfEstimates
<p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">Use of Estimates.<font style="font-weight:normal;">&nbsp;&nbsp;The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (&#8220;US GAAP&#8221;) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.&nbsp;&nbsp;Estimates have been made by management in the areas of self-insurance and litigation reserves, pension and other postretirement benefit liabilities and costs, valuation of derivative instruments, depreciation and amortization of long-lived assets, asset impairment assessments, tax valuation allowances, allowances for doubtful accounts, and purchase price allocation for acquired businesses.&nbsp;&nbsp;The Partnership uses Society of Actuaries life expectancy information when developing the annual mortality assumptions for the pension and postretirement benefit plans, which are used to measure net periodic benefit costs and the obligation under these plans.&nbsp;&nbsp;Actual results could differ from those estimates, making it reasonably possible that a material change in these estimates could occur in the near term.</font></p>
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="text-align:justify;margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Reclassifications.<font style="font-weight:normal;">&#160; Certain prior period amounts have been reclassified to conform to the current period presentation.&nbsp;&nbsp;See Recently Adopted Accounting</font><font style="color:#000000;font-weight:normal;"> Pronouncements, below.</font></p>
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
-2466000
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
0
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
800000
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Period Increase Decrease
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPeriodIncreaseDecrease
869000
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Period Increase Decrease
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPeriodIncreaseDecrease
-1008000
CY2019Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
1236000
CY2018Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
1434000
CY2018Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
361000
CY2017Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
737000
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
287000
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
532000
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases
0
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases
0
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Period Increase Decrease
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease
-74000
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Period Increase Decrease
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease
-205000
CY2019Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
0
CY2018Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
0
CY2019Q1 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
1920
CY2018Q3 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
0
CY2019Q1 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
1086000000
CY2018Q3 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
1094862000
CY2019Q1 us-gaap Energy Related Inventory
EnergyRelatedInventory
48631000
CY2018Q3 us-gaap Energy Related Inventory
EnergyRelatedInventory
57834000
CY2019Q1 us-gaap Other Inventory
OtherInventory
1879000
CY2018Q3 us-gaap Other Inventory
OtherInventory
1278000
CY2018Q3 us-gaap Goodwill Gross
GoodwillGross
1099932000
CY2019Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
504377000
CY2018Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
536282000
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
881481000
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
909559000
CY2019Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
25988000
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
59146000
CY2018Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
22738000
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
53821000
CY2019Q1 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
32435000
CY2018Q3 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
9606000
CY2019Q1 us-gaap Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
12000000
CY2019Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
10575000
CY2018Q3 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
6462000
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
2649000
CY2019Q1 us-gaap Goodwill Gross
GoodwillGross
1102581000
CY2019Q1 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
6462000
CY2019Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
539324000
CY2018Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
534939000
CY2019Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
387916000
CY2018Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
359756000
CY2019Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
448593
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
417308
CY2018Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
329409
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
296878
CY2019Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1268500000
CY2018Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1268600000
CY2019Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
12452000
CY2018Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
13462000
CY2019Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1256048000
CY2018Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1255138000
sph Consolidated Fixed Charge Coverage Ratio Minimum
ConsolidatedFixedChargeCoverageRatioMinimum
1.75
CY2019Q1 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
0
CY2019Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
0
CY2019Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
143500000
CY2019Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
0
CY2019Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
0
CY2019Q1 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
1125000000
sph Maximum Period After End Of Each Term Partnership Makes Distributions To Its Limited Partners
MaximumPeriodAfterEndOfEachTermPartnershipMakesDistributionsToItsLimitedPartners
P45D
us-gaap Distribution Made To Limited Partner Declaration Date
DistributionMadeToLimitedPartnerDeclarationDate
2019-04-25
us-gaap Distribution Made To Limited Liability Company Llc Member Distributions Paid Per Unit
DistributionMadeToLimitedLiabilityCompanyLLCMemberDistributionsPaidPerUnit
0.60
sph Distribution Made To Member Or Limited Partner Distributions Declared Per Unit Annualized Basis
DistributionMadeToMemberOrLimitedPartnerDistributionsDeclaredPerUnitAnnualizedBasis
2.40
us-gaap Distribution Made To Limited Partner Distribution Date
DistributionMadeToLimitedPartnerDistributionDate
2019-05-14
us-gaap Distribution Made To Limited Partner Date Of Record
DistributionMadeToLimitedPartnerDateOfRecord
2019-05-07
CY2019Q1 us-gaap Accrued Insurance Current And Noncurrent
AccruedInsuranceCurrentAndNoncurrent
67665000
CY2018Q3 us-gaap Accrued Insurance Current And Noncurrent
AccruedInsuranceCurrentAndNoncurrent
70567000
CY2019Q1 us-gaap Loss Contingency Receivable
LossContingencyReceivable
19069000
CY2018Q3 us-gaap Loss Contingency Receivable
LossContingencyReceivable
20837000
CY2019Q1 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
0
sph Number Of Actions For Which Entity Is Unable To Estimate Possible Loss Or Range Of Loss
NumberOfActionsForWhichEntityIsUnableToEstimatePossibleLossOrRangeOfLoss
2
us-gaap Guarantee Obligations Term
GuaranteeObligationsTerm
2028
CY2019Q1 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
17712000
CY2019Q1 us-gaap Multiemployer Plans Withdrawal Obligation
MultiemployerPlansWithdrawalObligation
21978000
CY2018Q3 us-gaap Multiemployer Plans Withdrawal Obligation
MultiemployerPlansWithdrawalObligation
22509000
CY2019Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-552000
CY2018Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-27298000
CY2017Q4 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2017Q4 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-1086000

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