| Address:
|
ONE GREENWAY PLAZA
SUITE 600 |
| City: |
HOUSTON |
|
State: |
TX |
|
Zip Code: |
77046 |
| Telephone: |
832-615-8600 |
|
Description of Business
|
Primary SIC Code:
4610 |
| (As filed with the SEC)
|
|
|
The original Buckeye Pipe Line Company was founded in 1886 as part of the
Standard Oil Company and became a publicly owned, independent company after the
dissolution of Standard Oil in 1911. Expansion into petroleum products
transportation after World War II and subsequent acquisitions thereafter
ultimately led to Buckeye Pipe Line Company becoming a leading independent
common carrier pipeline. In 1964, Buckeye Pipe Line Company was acquired by a
subsidiary of the Pennsylvania Railroad, which later became the Penn Central
Corporation. In 1986, Buckeye Pipe Line Company was reorganized into a master
limited partnership ("MLP"), Buckeye Partners, L.P. We are a publicly traded
Delaware partnership, and our limited partnership units representing limited
partner interests ("LP Units") are listed on the New York Stock Exchange
("NYSE") under the ticker symbol "BPL." Buckeye GP LLC ("Buckeye GP") is our
general partner and is a wholly owned subsidiary of Buckeye GP Holdings L. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 09/2011 | 0.45 | 1.025 | 138.91 | | 06/2011 | 2.31 | 1.012 | 27.95 | | 03/2011 | 1.88 | 0.988 | 33.80 | | 12/2010 | 1.65 | NA | 40.50 | | 09/2010 | 3.74 | 0.975 | 16.98 | | 06/2010 | 3.71 | 0.962 | 15.91 | | 03/2010 | 1.70 | 0.950 | 35.34 | | 12/2009 | 1.84 | 0.938 | 29.59 |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2010 |
Leverage |
2010 |
| Net Inc/Comm Equity | -0.03 | Total Liab/Total Assets | 0.61 | | Net Inc/Total Assets | 0.01 | Total Liab/Inv Cap | 0.79 | | Net Inc/Inv Cap | 0.02 | Total Liab/Comm Equity | -1.57 | | Pretax Inc/Net Sales | 0.06 | Interest Coverage Ratio | 3.25 | | Net Inc/Net Sales | 0.01 | Curr Debt/Equity | NA | | Cash Flow/Net Sales | 0.09 | LTD/Equity | NA | | SG&A/NetSales | 0.11 | Total Debt/Equity | NA |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 20.18 | Quick Ratio | 0.53 | | Inventory Turnover | 7.44 | Current Ratio | 1.21 | | Inventory Day Sales | 0.02 | Net Rec/Curr Assets | 0.28 | | Net Sales/Work Cap | 28.62 | Inv/Curr Assets | 0.56 | | Net Sales/PP&E | 1.37 | | |
Income Statement (Millions) |
| |
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Total Revenues(Net Sales)
|
1,116.91
|
1,077.09
|
1,252.54
|
1,017.96
|
|
Cost of Goods Sold
|
881.60
|
854.34
|
1,037.96
|
833.65
|
|
Selling & Admin Exps
|
111.83
|
107.06
|
95.77
|
110.43
|
|
Operating Income
|
-77.31
|
85.94
|
92.56
|
58.56
|
|
Interest Exp
|
33.20
|
28.60
|
28.50
|
24.08
|
|
Pretax Income
|
-108.20
|
93.59
|
67.81
|
35.97
|
|
Other Income
|
-0.08
|
34.22
|
0.40
|
-1.07
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
-109.70
|
92.02
|
66.49
|
8.36
|
|
Assets
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Cash & Short Term Investments
|
16.20
|
18.13
|
66.43
|
13.63
|
|
Receivables - Total
|
182.15
|
163.97
|
176.33
|
174.08
|
|
Inventories - Total
|
384.31
|
345.71
|
252.83
|
351.61
|
|
Total Current Assets
|
690.85
|
617.03
|
578.10
|
626.63
|
|
Net Property, Plant & Equipment
|
3,738.18
|
3,665.29
|
3,448.12
|
2,305.88
|
|
Total Assets
|
5,557.93
|
5,566.62
|
5,373.83
|
3,574.22
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
251.93
|
269.70
|
218.58
|
213.41
|
|
Debt in Current Liabilities
|
348.46
|
269.70
|
241.91
|
303.11
|
|
Total Current Liabilities
|
600.39
|
539.40
|
460.49
|
516.52
|
|
Long-Term Debt
|
2,315.11
|
2,189.24
|
2,404.07
|
1,519.39
|
|
Total Liabilities
|
3,212.21
|
2,943.70
|
3,062.76
|
2,181.81
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
17.99
|
16.97
|
17.96
|
17.86
|
|
Preferred Stock
|
NA
|
NA
|
NA
|
NA
|
|
Common Stock
|
NA
|
NA
|
NA
|
NA
|
|
Retained Earnings
|
NA
|
NA
|
NA
|
NA
|
|
Treasury Stock
|
NA
|
NA
|
NA
|
NA
|
|
Total Stockholders' Equity
|
NA
|
NA
|
NA
|
NA
|
|
Total Liabilities and Stockholders' Equity
|
NA
|
NA
|
NA
|
NA
|
Cash Flow Summary (Millions) |
|
Categories
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Net Cash Provided by Operating Activities
|
-2.79
|
28.47
|
156.38
|
-3.63
|
|
Net Cash Provided by Investing Activities
|
-113.36
|
-122.40
|
-955.67
|
-72.58
|
|
Net Cash Provided by Financing Activities
|
114.21
|
45.63
|
852.10
|
73.91
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2006 | 461.76 | 110.24 | 2.64 | | 12/2007 | 519.35 | 155.36 | 3.03 | | 12/2008 | 1,896.65 | 184.39 | 3.13 | | 12/2009 | 1,770.37 | 49.59 | 1.84 | | 12/2010 | 3,151.27 | 43.08 | 1.65 | | Growth Rates | 61.63 | -20.94 | -11.09 |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/11 | 291 | 37,205 | 43.29 |
|
Report Date :
2/6/2012
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