Net Income Per Unit Sample Clauses

Net Income Per Unit. Except as discussed in the following paragraph, basic and diluted net income per limited partner unit is determined by dividing net income after deducting the amount allocated to the general partner interest, (including its incentive distribution in excess of its 2% interest), by the weighted average number of outstanding limited partner units during the period. Subject to applicability of Emerging Issues Task Force Issue No. 03-06 (“EITF 03-06’’), “Participating Securities and the Two-Class Method under FASB Statement No. 128,’’ as discussed below, Partnership income is first allocated to the general partner based on the amount of incentive distributions. The remainder is then allocated between the limited partners and general partner based on percentage ownership in the Partnership. EITF 03-06 addresses the computation of earnings per share by entities that have issued securities other than common stock that contractually entitle the holder to participate in dividends and earnings of the entity when, and if, it declares dividends on its common stock. Essentially, EITF 03-06 provides that in any accounting period where our aggregate net income exceeds our aggregate distribution for such period, we are required to present earnings per unit as if all of the earnings for the periods were distributed, regardless of the pro forma nature of this allocation and whether those earnings would actually be distributed during a particular period from an economic or practical perspective. EITF 03-06 does not impact our overall net income or other financial results, however, for periods in which aggregate net income exceeds our aggregate distributions for such period, it will have the impact of reducing the earnings per limited partner unit. This result occurs as a larger portion of our aggregate earnings is allocated to the incentive distribution rights held by our general partner, as if distributed, even though we make cash distributions on the basis of cash available for distributions, not earnings, in any given accounting period. In accounting periods where aggregate net income does not exceed our aggregate distributions for such period, EITF 03-06 does not have any impact on our earnings per unit calculation. The following sets forth the computation of basic and diluted earnings per limited partner unit. The net income available to limited partners and the weighted average limited partner units outstanding have been adjusted for instruments considered common unit e...
Sample 1
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Net Income Per Unit. Basic and diluted net income per unit is determined by dividing net income after deducting the amount allocated to the general partner interest, (including its incentive distribution in excess of its 2% interest), by the weighted average number of outstanding limited partner units during the period, including common units and subordinated units. Partnership income is first allocated to the general partner based on the amount of incentive distributions. The remainder is then allocated between the limited partners and general partner based on percentage ownership in the Partnership. The following table sets forth the computation of basic and diluted net income per limited partner unit for 2004, 2003 and 2002. Year ended December 31, 2004 2003 2002 Net income............................................................................................................................. $130,006 $59,448 $65,292 Less: Incentive distribution right ................................................................................................. (8,286) (4,884) (3,137) Subtotal............................................................................................................................... 121,720 54,564 62,155 General partner 2% ownership........................................................................................... (2,434) (1,091) (1,243) Numerator for basic earnings per limited partner unit: Net income available for limited partners .......................................................................... 119,286 53,473 60,912 Effect of dilutive securities: Increase in general partner's incentive distribution-contingent equity issuance ................ — (61) — Numerator for diluted earnings per limited partner unit ....................................................... $119,286 $53,412 $60,912 Denominator: Denominator for basic earnings per limited partner unit—weighted average number of limited partner units......................................................................................................... 63,277 52,743 45,546 Effect of dilutive securities: Contingent equity issuance.............................................................................................. — 657 — Denominator for diluted earnings per limited partner unit—weighted average number of limited partner units..................................................................................................... 63,277 53,400 45,546 Basic net income per li...
Sample 1
Net Income Per Unit. Basic and diluted net income per limited partner unit is determined by dividing net income after deducting the amount allocated to the general partner (including the incentive distribution interest in excess of the 2% general partner interest) by the weighted average number of outstanding limited partner units during the period. Subject to applicability of EITF Issue No. 03-06 (‘‘EITF 03-06’’), ‘‘Participating Securities and the Two-Class Method under FASB Statement No. 128,’’ as discussed below, Partnership income is first allocated to the general partner based on the amount of incentive distributions. The remainder is then allocated between the limited partners and general partner based on percentage ownership in the Partnership. EITF 03-06 addresses the computation of earnings per share by entities that have issued securities other than common stock that contractually entitle the holder to participate in dividends and earnings of the entity when, and if, it declares dividends on its common stock. Essentially, EITF 03-06 provides that in any accounting period where our aggregate net income exceeds our aggregate distribution for such period, we are required to present earnings per unit as if all of the earnings for the periods were distributed, regardless of the pro forma nature of this allocation and whether those earnings would actually be distributed during a particular period from an economic or practical perspective.
Sample 1
Net Income Per Unit. Basic and diluted net income per unit is determined by dividing net income after deducting the amount allocated to the general partner interest, (including its incentive distribution in excess of its 2% interest), by the weighted average number of outstanding common units and subordinated units. Partnership income is first allocated to the general partner based on the amount of incentive distributions. The remainder is then allocated between the limited partners and general partner based on percentage ownership in the Partnership. Other comprehensive income is allocated based on the same effective percentages. Basic and diluted net income per unit for 2002, 2001 and 2000 is as follows: Year Ended December 31, 2002 2001 2000 (in millions, except per unit data) Net income $ 65.3 $ 44.2 $ 77.5 Less: General partner incentive distributions (3.1) (1.1) (0.2) General partner 2% ownership (1.3) (0.9) (1.5) Net income attributable to limited partners $ 60.9 $ 42.2 $ 75.8 Weighted average units outstanding 45.5 37.5 34.4 Basic and diluted net income per limited partner unit $ 1.34 $ 1.13 $ 2.20 Foreign Currency Translation Our cash flow stream relating to our Canadian operations is based on the U.S. dollar equivalent of such amounts measured in Canadian dollars. Assets and liabilities of our Canadian subsidiaries are translated to U.S. PLAINS ALL AMERICAN PIPELINE, L.P. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS—(Continued) dollars using the applicable exchange rate as of the end of a reporting period. Revenues and expenses are translated using the average exchange rate during the reporting period.
Sample 1
Net Income Per Unit. The tables below compute our basic and diluted net income per unit utilizing the two class method. Basic and diluted net income per unit is calculated by dividing net income attributable to Crestwood Gas Services common unitholders on a basic and diluted basis by the weighted-average number of basic and diluted units outstanding during each period. Net income attributable to Crestwood Gas Services is determined by taking the general partner and incentive distribution rights (IDR) interest in the income of CMLP and its consolidated affiliates. The weighted average number of units outstanding is calculated based on the presumption that the common and subordinated units issued by NRGY to Crestwood Holdings as part of the June 19, 2013 transaction described in Note 1 were outstanding for the entire period prior to the June 19, 2013 acquisition. Allocation of Net Income Three Months Ended March 31, 2013 2012 Net income attributable to Crestwood Gas Services GP LLC $ 5,133 $ 3,302 Subordinated units’ interest in net income attributable to Crestwood Gas Services GP LLC (570 ) (367 ) Common units’ interest in net income attributable to Crestwood Gas Services GP LLC $ 4,563 $ 2,935 Net Income per Common Unit Three Months Ended March 31, 2013 2012 Net income attributable to Crestwood Gas Services GP LLC’s common unitholders (Basic) $ 4,563 $ 2,935 Add: Dilutive impact of net income attributable to Crestwood Gas Services GP LLC’s subordinated unitholders 570 367 Net income attributable to Crestwood Gas Services GP LLC’s common unitholders (Diluted) $ 5,133 $ 3,302 Three Months Ended March 31, 2013 2012 Weighted average units—basic 35,103 35,103 Effect of dilutive units 4,388 4,388 Weighted-average units—diluted 39,491 39,491 Net income per unit attributable to Crestwood Gas Services GP LLC’s common unitholders: Basic $ 0.13 $ 0.08 Diluted $ 0.13 $ 0.08 5. FINANCIAL INSTRUMENTS Fair Values We separate the fair values of our financial instruments into three levels (Levels 1, 2 and 3) based on our assessment of the availability of observable market data and the significance of non-observable data used to determine fair value. Our assessment and classification of an instrument within a level can change over time based on the maturity or liquidity of the instrument and would be reflected at the end of the period in which the change occurs. At March 31, 2013 and December 31, 2012, there have been no changes to the inputs and valuation techniques used to measure fair value,...
Sample 1

Related to Net Income Per Unit

  • Net Income and Net Loss All net income or net loss of the Company shall be for the account of the Member.

  • Minimum Net Income The Borrower will maintain, during each period described below, its Net Income, determined as at the end of each quarter, at an amount not less than the amount set forth opposite such period (numbers appearing between “( )” are negative): Period Minimum Net Income Six months ending June 30, 2002 ($1,049,000) Nine months ending Sept. 30, 2002 ($665,000) Twelve months ending Dec. 31, 2002 ($600,000) "

  • Net Income After giving effect to the special allocations set forth in Section 6.1(d), Net Income for each taxable year and all items of income, gain, loss and deduction taken into account in computing Net Income for such taxable year shall be allocated as follows:

  • Determination of Net Asset Value, Net Income and Distributions Subject to applicable federal law including the 1940 Act and Section 3.6 hereof, the Trustees, in their sole discretion, may prescribe (and delegate to any officer of the Trust or any other Person or Persons the right and obligation to prescribe) such bases and time (including any methodology or plan) for determining the per Share or net asset value of the Shares of the Trust or any Series or Class or net income attributable to the Shares of the Trust or any Series or Class, or the declaration and payment of dividends and distributions on the Shares of the Trust or any Series or Class and the method of determining the Shareholders to whom dividends and distributions are payable, as they may deem necessary or desirable. Without limiting the generality of the foregoing, but subject to applicable federal law including the 1940 Act, any dividend or distribution may be paid in cash and/or securities or other property, and the composition of any such distribution shall be determined by the Trustees (or by any officer of the Trust or any other Person or Persons to whom such authority has been delegated by the Trustees) and may be different among Shareholders including differences among Shareholders of the same Series or Class.

  • Consolidated Net Income The consolidated net income of the Borrowers after deduction of all expenses, taxes, and other proper charges, determined in accordance with GAAP.

  • EBITDA With respect to REIT and its Subsidiaries for any period (without duplication): (a) Net Income (or Loss) on a Consolidated basis, in accordance with GAAP, exclusive of the following (but only to the extent included in determination of such Net Income (Loss)): (i) depreciation and amortization expense; (ii) Interest Expense; (iii) income tax expense; (iv) Acquisition Closing Costs and extraordinary or non-recurring gains and losses (including, without limitation, gains and losses on the sale of assets) and income and expense allocated to minority owners; and (v) other non-cash items to the extent not actually paid as a cash expense; plus (b) such Person’s pro rata share of EBITDA of its Unconsolidated Affiliates as provided below. With respect to Unconsolidated Affiliates and Subsidiaries of Borrower that are not Wholly Owned Subsidiaries, EBITDA attributable to such entities shall be excluded but EBITDA shall include a Person’s Equity Percentage of Net Income (or Loss) from such Unconsolidated Affiliates or such Subsidiary of Borrower that is not a Wholly Owned Subsidiary plus its Equity Percentage of (i) depreciation and amortization expense; (ii) Interest Expense; (iii) income tax expense; (iv) Acquisition Closing Costs and extraordinary or non-recurring gains and losses (including, without limitation, gains and losses on the sale of assets) and income and expense allocated to minority owners; and (v) other non-cash items to the extent not actually paid as a cash expense.

  • Constant Net Asset Value If the Trust or any Series or Class holds itself out as a money market or stable value fund, the Trustees shall have the power to reduce the number of outstanding Shares of the Trust or such Series or Class by reducing the number of Shares in the account of each Shareholder on a pro rata basis, or to take such other measures as are not prohibited by the 1940 Act, so as to maintain the net asset value per share of the Trust or such Series or Class at a constant dollar amount.

  • Net Asset Value The net asset value of each outstanding Share of the Trust shall be determined at such time or times on such days as the Trustees may determine, in accordance with the 1940 Act. The method of determination of net asset value shall be determined by the Trustees and shall be as set forth in the Prospectus or as may otherwise be determined by the Trustees. The power and duty to make the net asset value calculations may be delegated by the Trustees and shall be as generally set forth in the Prospectus or as may otherwise be determined by the Trustees.

  • Adjusted EBITDA The 2019 adjusted EBITDA for the Affiliated Club Sellers shall total an aggregate of not less than $10,700,000.

  • Allocation of Net Income and Net Loss Net Income or Net Loss of the Partnership shall be determined as of the end of each calendar year and as of the end of any interim period extending through the day immediately preceding any (i) disproportionate Capital Contribution, (ii) disproportionate distribution, (iii) Transfer of a Partnership Interest in accordance with the terms of this Agreement, or (iv) Withdrawal Event. If a calendar year includes an interim period, the determination of Net Income or Net Loss for the period extending through the last day of the calendar year shall include only that period of less than twelve (12) months occurring from the day immediately following the last day of the latest interim period during the calendar year and extending through the last day of the calendar year. For all purposes, including income tax purposes, Net Income, if any, of the Partnership for each calendar year or interim period shall be allocated among the Partners in proportion to their respective Partnership Percentages for the calendar year or interim period. In the event of a Net Loss for a particular calendar year or interim period, then, for such calendar year or interim period, the Net Loss for such calendar year or interim period shall be allocated among the Partners in proportion to their respective Partnership Percentages for the calendar year or interim period.

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