XML 43 R30.htm IDEA: XBRL DOCUMENT v3.3.0.814
Business Segment Information (Tables)
9 Months Ended
Sep. 30, 2015
Segment Reporting Information [Line Items]  
Schedule of Segment Reporting Information, by Segment [Table Text Block]
Segment information for the periods presented below was as follows:
 
Onshore Pipeline
Transportation
 
Offshore Pipeline Transportation
 
Refinery
Services
 
Marine Transportation
 
Supply &
Logistics
 
Total
Three Months Ended September 30, 2015
 
 
 
 
 
 
 
 
 
 
 
Segment margin (a)
$
14,984

 
$
70,943

 
$
20,692

 
$
26,583

 
$
7,508

 
$
140,710

Capital expenditures (b)
$
45,933

 
$
1,520,268

 
$
118

 
$
12,489

 
$
43,942

 
$
1,622,750

Revenues:
 
 
 
 
 
 
 
 
 
 
 
External customers
$
16,735

 
$
61,388

 
$
45,738

 
$
58,490

 
$
389,983

 
$
572,334

Intersegment (c)
3,174

 

 
(2,406
)
 
2,046

 
(2,814
)
 

Total revenues of reportable segments
$
19,909

 
$
61,388

 
$
43,332

 
$
60,536

 
$
387,169

 
$
572,334

Three Months Ended September 30, 2014
 
 
 
 
 
 
 
 
 
 
 
Segment margin (a)
$
15,354

 
$
21,666

 
$
21,855

 
$
22,077

 
$
13,838

 
$
94,790

Capital expenditures (b)
$
11,340

 
$
23,949

 
$
1,254

 
$
14,987

 
$
88,347

 
$
139,877

Revenues:
 
 
 
 
 
 
 
 
 
 
 
External customers
$
15,715

 
$
974

 
$
53,930

 
$
53,901

 
$
839,594

 
$
964,114

Intersegment (c)
4,634

 

 
(2,722
)
 
3,099

 
(5,011
)
 

Total revenues of reportable segments
$
20,349

 
$
974

 
$
51,208

 
$
57,000

 
$
834,583

 
$
964,114

Nine Months Ended September 30, 2015
 
 
 
 
 
 
 
 
 
 
 
Segment Margin (a)
$
43,670

 
$
121,241

 
$
60,073

 
$
79,501

 
$
28,913

 
$
333,398

Capital expenditures (b)
$
155,417

 
$
1,522,407

 
$
1,568

 
$
40,151

 
$
136,568

 
$
1,856,111

Revenues:
 
 
 
 
 
 
 
 
 
 
 
External customers
$
48,422

 
$
63,436

 
$
142,959

 
$
173,733

 
$
1,326,968

 
$
1,755,518

Intersegment (c)
9,488

 

 
(7,179
)
 
6,768

 
(9,077
)
 

Total revenues of reportable segments
$
57,910

 
$
63,436

 
$
135,780

 
$
180,501

 
$
1,317,891

 
$
1,755,518

Nine Months Ended September 30, 2014
 
 
 
 
 
 
 
 
 
 
 
Segment Margin (a)
$
46,574

 
$
46,504

 
$
64,354

 
$
61,512

 
$
35,878

 
$
254,822

Capital expenditures (b)
$
39,081

 
$
37,525

 
$
2,153

 
$
63,023

 
$
240,997

 
$
382,779

Revenues:
 
 
 
 
 
 
 
 
 
 
 
External customers
$
50,454

 
$
2,443

 
$
166,589

 
$
156,883

 
$
2,622,513

 
$
2,998,882

Intersegment (c)
12,538

 

 
(8,387
)
 
12,358

 
(16,509
)
 

Total revenues of reportable segments
$
62,992

 
$
2,443

 
$
158,202

 
$
169,241

 
$
2,606,004

 
$
2,998,882

Total assets by reportable segment were as follows:
 
September 30,
2015
 
December 31,
2014
Onshore pipeline transportation
$
552,920

 
$
460,012

Offshore pipeline transportation
2,661,783

 
645,668

Refinery services
395,291

 
403,703

Marine transportation
752,116

 
745,128

Supply and logistics
995,589

 
907,189

Other assets
91,546

 
68,674

Total consolidated assets
5,449,245

 
3,230,374

 
(a)
A reconciliation of Segment Margin to net income for the periods is presented below.
(b)
Capital expenditures include maintenance and growth capital expenditures, such as fixed asset additions (including enhancements to existing facilities and construction of growth projects) as well as acquisitions of businesses and contributions to equity investees related to same. In addition to construction of growth projects, capital spending in our pipeline transportation segment included $0.7 million and $2.5 million during the three and nine months ended September 30, 2015 and $23.4 million and $36.1 million during the three and nine months ended September 30, 2014 representing capital contributions to our SEKCO equity investee to fund our share of the construction costs for its pipeline.
(c)
Intersegment sales were conducted under terms that we believe were no more or less favorable than then-existing market conditions.
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block]
Reconciliation of Segment Margin to net income:
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
2015
 
2014
 
2015
 
2014
Segment Margin
$
140,710

 
$
94,790

 
$
333,398

 
$
254,822

Corporate general and administrative expenses
(25,940
)
 
(12,865
)
 
(52,192
)
 
(37,715
)
Depreciation and amortization
(41,170
)
 
(25,148
)
 
(96,500
)
 
(64,919
)
Interest expense
(29,617
)
 
(20,441
)
 
(66,737
)
 
(47,314
)
Adjustment to exclude distributable cash generated by equity investees not included in income and include equity in investees net income (1)
(7,962
)
 
(6,741
)
 
(25,383
)
 
(20,326
)
Non-cash items not included in Segment Margin
1,316

 
1,653

 
473

 
1,935

Cash payments from direct financing leases in excess of earnings
(1,448
)
 
(1,404
)
 
(4,215
)
 
(4,113
)
Gain on step up of historical basis in CHOPS and SEKCO
335,260

 

 
335,260

 

Loss on extinguishment of debt

 

 
(19,225
)
 

Other, net
(6,643
)
 

 
(6,643
)
 

Income tax expense
(1,292
)
 
(731
)
 
(3,142
)
 
(2,334
)
Net income attributable to Genesis Energy, L.P.
$
363,214

 
$
29,113

 
$
395,094

 
$
80,036


(1)
Includes distributions attributable to the quarter and received during or promptly following such quarter.