Condensed Consolidating Financial Information (Tables)

12 Months Ended

Dec. 31, 2015

Condensed Consolidating Financial Information [Abstract]

Condensed Consolidating Financial Statements

The following is condensed consolidating financial information for Genesis Energy, L.P. and subsidiary guarantors:

Condensed Consolidating Balance Sheet
December 31, 2015
	Genesis Energy, L.P. (Parent and Co-Issuer)		Genesis Energy Finance Corporation (Co-Issuer)		Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Genesis Energy, L.P. Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	6	$	—	$	8,288		$	2,601		$	—		$	10,895
Other current assets	50		—		285,313			10,422			(364		)	295,421
Total current assets	56		—		293,601			13,023			(364		)	306,316
Fixed Assets, at cost	—		—		4,232,641			77,585			—			4,310,226
Less: Accumulated depreciation	—		—		(356,530		)	(21,717		)	—			(378,247		)
Net fixed assets	—		—		3,876,111			55,868			—			3,931,979
Goodwill	—		—		325,046			—			—			325,046
Other assets, net	13,140		—		394,294			140,409			(125,977		)	421,866
Advances to affiliates	2,619,493		—		—			47,034			(2,666,527		)	—
Equity investees and other investments	—		—		474,392			—			—			474,392
Investments in subsidiaries	2,353,804		—		90,741			—			(2,444,545		)	—
Total assets	$	4,986,493	$	—	$	5,454,185		$	256,334		$	(5,237,413	)	$	5,459,599
LIABILITIES AND PARTNERS’ CAPITAL
Current liabilities	$	35,338	$	—	$	267,294		$	—		$	(496	)	$	302,136
Senior secured credit facilities	1,115,000		—		—			—			—			1,115,000
Senior unsecured notes	1,807,054		—		—			—			—			1,807,054
Deferred tax liabilities	—		—		22,586			—			—			22,586
Advances from affiliates	—		—		2,666,527			—			(2,666,527		)	—
Other liabilities	—		—		150,877			167,006			(125,811		)	192,072
Total liabilities	2,957,392		—		3,107,284			167,006			(2,792,834		)	3,438,848
Partners’ capital, common units	2,029,101		—		2,346,901			97,678			(2,444,579		)	2,029,101
Noncontrolling interests	—		—		—			(8,350		)	—			(8,350		)
Total liabilities and partners’ capital	$	4,986,493	$	—	$	5,454,185		$	256,334		$	(5,237,413	)	$	5,459,599

Condensed Consolidating Balance Sheet
December 31, 2014
	Genesis Energy, L.P. (Parent and Co-Issuer)		Genesis Energy Finance Corporation (Co-Issuer)		Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Genesis Energy, L.P. Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	9	$	—	$	8,310		$	1,143		$	—		$	9,462
Other current assets	53		—		333,385			12,474			(8		)	345,904
Total current assets	62		—		341,695			13,617			(8		)	355,366
Fixed Assets, at cost	—		—		1,823,556			75,502			—			1,899,058
Less: Accumulated depreciation	—		—		(251,171		)	(16,886		)	—			(268,057		)
Net fixed assets	—		—		1,572,385			58,616			—			1,631,001
Goodwill	—		—		325,046			—			—			325,046
Other assets, net	8,671		—		269,252			146,700			(154,192		)	270,431
Advances to affiliates	1,378,520		—		—			—			(1,378,520		)	—
Equity investees and other investments	—		—		628,780			—			—			628,780
Investments in subsidiaries	1,434,255		—		97,195			—			(1,531,450		)	—
Total assets	$	2,821,508	$	—	$	3,234,353		$	218,933		$	(3,064,170	)	$	3,210,624
LIABILITIES AND PARTNERS’ CAPITAL
Current liabilities	$	11,016	$	—	$	395,159		$	499		$	(43,529	)	$	363,145
Senior secured credit facilities	550,400		—		—			—			—			550,400
Senior unsecured notes	1,030,889		—		—			—			—			1,030,889
Deferred tax liabilities	—		—		18,754			—			—			18,754
Advances from affiliates	—		—		1,366,697			11,823			(1,378,520		)	—
Other liabilities	—		—		18,233			110,663			(110,663		)	18,233
Total liabilities	1,592,305		—		1,798,843			122,985			(1,532,712		)	1,981,421
Partners' capital	1,229,203		—		1,435,510			95,948			(1,531,458		)	1,229,203
Total liabilities and partners’ capital	$	2,821,508	$	—	$	3,234,353		$	218,933		$	(3,064,170	)	$	3,210,624

Condensed Consolidating Statement of Operations
Year Ended December 31, 2015
	Genesis Energy, L.P. (Parent and Co-Issuer)			Genesis Energy Finance Corporation (Co-Issuer)		Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Genesis Energy, L.P. Consolidated
REVENUES:
Offshore pipeline transportation services	$	—		$	—	$	137,681		$	2,549		$	—		$	140,230
Onshore pipeline transportation services	—			—		53,347			23,745			—			77,092
Refinery services	—			—		175,132			11,942			(9,194		)	177,880
Marine transportation	—			—		238,757			—			—			238,757
Supply and logistics	—			—		1,612,570			—			—			1,612,570
Total revenues	—			—		2,217,487			38,236			(9,194		)	2,246,529
COSTS AND EXPENSES:
Supply and logistics costs	—			—		1,577,497			—			—			1,577,497
Marine transportation costs	—			—		135,200			—			—			135,200
Refinery services operating costs	—			—		94,241			11,759			(9,194		)	96,806
Offshore pipeline transportation operating costs	—			—		38,459			1,254			—			39,713
Onshore pipeline transportation operating costs	—			—		24,475			836			—			25,311
General and administrative	—			—		64,995			—			—			64,995
Depreciation and amortization	—			—		141,785			8,355			—			150,140
Total costs and expenses	—			—		2,076,652			22,204			(9,194		)	2,089,662
OPERATING INCOME	—			—		140,835			16,032			—			156,867
Equity in earnings of equity investees	—			—		54,450			—			—			54,450
Equity in earnings of subsidiaries	542,226			—		2,053			—			(544,279		)	—
Interest (expense) income, net	(100,494		)	—		15,042			(15,144		)	—			(100,596		)
Gain on basis step up on historical interest	—			—		332,380			—			—			332,380
Other income/(expense), net	(19,204		)	—		1,675			—			—			(17,529		)
Income before income taxes	422,528			—		546,435			888			(544,279		)	425,572
Income tax benefit (expense)	—			—		(4,036		)	49			—			(3,987		)
NET INCOME	422,528			—		542,399			937			(544,279		)	421,585
Net loss attributable to noncontrolling interest	—			—		—			943			—			943
NET INCOME ATTRIBUTABLE TO GENESIS ENERGY, L.P.	$	422,528		$	—	$	542,399		$	1,880		$	(544,279	)	$	422,528

Condensed Consolidating Statement of Operations
Year Ended December 31, 2014
	Genesis Energy, L.P. (Parent and Co-Issuer)			Genesis Energy Finance Corporation (Co-Issuer)		Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Genesis Energy, L.P. Consolidated
REVENUES:
Offshore pipeline transportation services	$	—		$	—	$	3,296		$	—		$	—		$	3,296
Onshore pipeline transportation services	—			—		58,391			24,766			—			83,157
Refinery services	—			—		202,250			18,289			(13,138		)	207,401
Marine transportation	—			—		229,282			—			—			229,282
Supply and logistics	—			—		3,323,028			—			—			3,323,028
Total revenues	—			—		3,816,247			43,055			(13,138		)	3,846,164
COSTS AND EXPENSES:
Supply and logistics costs	—			—		3,277,052			—			—			3,277,052
Marine transportation costs	—			—		142,793			—			—			142,793
Refinery services operating costs	—			—		117,788			17,393			(13,780		)	121,401
Offshore pipeline transportation operating costs	—			—		1,271			—			—			1,271
Onshore pipeline transportation operating costs	—			—		28,639			857			—			29,496
General and administrative	—			—		50,692			—			—			50,692
Depreciation and amortization	—			—		88,368			2,540			—			90,908
Total costs and expenses	—			—		3,706,603			20,790			(13,780		)	3,713,613
OPERATING INCOME	—			—		109,644			22,265			642			132,551
Equity in earnings of equity investees	—			—		43,135			—			—			43,135
Equity in earnings of subsidiaries	172,828			—		6,952			—			(179,780		)	—
Interest (expense) income, net	(66,626		)	—		15,662			(15,675		)	—			(66,639		)
Income before income taxes	106,202			—		175,393			6,590			(179,138		)	109,047
Income tax benefit (expense)	—			—		(3,030		)	185			—			(2,845		)
NET INCOME	$	106,202		$	—	$	172,363		$	6,775		$	(179,138	)	$	106,202

Condensed Consolidating Statement of Operations
Year Ended December 31, 2013
	Genesis Energy, L.P. (Parent and Co-Issuer)			Genesis Energy Finance Corporation (Co-Issuer)		Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Genesis Energy, L.P. Consolidated
REVENUES:
Offshore pipeline transportation services	$	—		$	—	$	3,923		$	—		$	—		$	3,923
Onshore pipeline transportation services	—			—		56,784			25,801			—			82,585
Refinery services	—			—		203,021			17,835			(14,871		)	205,985
Marine transportation	—			—		152,542			—			—			152,542
Supply and logistics	—			—		3,689,795			—			—			3,689,795
Total revenues	—			—		4,106,065			43,636			(14,871		)	4,134,830
COSTS AND EXPENSES:
Supply and logistics costs	—			—		3,649,328			—			—			3,649,328
Marine transportation costs	—			—		104,676			—			—			104,676
Refinery services operating costs	—			—		128,814			16,873			(14,398		)	131,289
Offshore pipeline transportation operating costs	—			—		1,234			—			—			1,234
Onshore pipeline transportation operating costs	—			—		24,853			1,119			—			25,972
General and administrative	—			—		46,790			—			—			46,790
Depreciation and amortization	—			—		62,194			2,590			—			64,784
Total costs and expenses	—			—		4,017,889			20,582			(14,398		)	4,024,073
OPERATING INCOME	—			—		88,176			23,054			(473		)	110,757
Equity in earnings of equity investees	—			—		22,675			—			—			22,675
Equity in earnings of subsidiaries	134,616			—		6,913			—			(141,529		)	—
Interest (expense) income, net	(48,507		)	—		16,080			(16,156		)	—			(48,583		)
Income before income taxes	86,109			—		133,844			6,898			(142,002		)	84,849
Income tax expense	—			—		(676		)	(169		)	—			(845		)
Income from continuing operations	86,109			—		133,168			6,729			(142,002		)	84,004
Loss from discontinued operations	—			—		2,105			—			—			2,105
NET INCOME	$	86,109		$	—	$	135,273		$	6,729		$	(142,002	)	$	86,109

Condensed Consolidating Statement of Cash Flows
Year Ended December 31, 2015
	Genesis Energy, L.P. (Parent and Co-Issuer)			Genesis Energy Finance Corporation (Co-Issuer)		Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Genesis Energy, L.P. Consolidated
Net cash (used in) provided by operating activities	$	(14,082	)	$	—	$	308,144		$	45,125		$	(49,651	)	$	289,536
CASH FLOWS FROM INVESTING ACTIVITIES:
Payments to acquire fixed and intangible assets	—			—		(495,774		)	—			—			(495,774		)
Cash distributions received from equity investees - return of investment	186,026			—		25,645			—			(186,026		)	25,645
Investments in equity investees	(633,761		)	—		(3,045		)	—			633,761			(3,045		)
Acquisitions	—			—		(1,520,299		)	—			—			(1,520,299		)
Intercompany transfers	(1,240,973		)	—		—			—			1,240,973			—
Repayments on loan to non-guarantor subsidiary	—			—		5,524			—			(5,524		)	—
Contributions in aid of construction costs	—			—		3,179			—			—			3,179
Proceeds from asset sales	—			—		2,811			—			—			2,811
Other, net	—			—		(1,976		)	—			—			(1,976		)
Net cash used in investing activities	(1,688,708		)	—		(1,983,935		)	—			1,683,184			(1,989,459		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings on senior secured credit facility	1,525,050			—		—			—			—			1,525,050
Repayments on senior secured credit facility	(960,450		)	—		—			—			—			(960,450		)
Proceeds from issuance of senior unsecured notes, including premium	1,139,718			—		—			—			—			1,139,718
Repayment of senior unsecured notes	(350,000		)	—		—			—			—			(350,000		)
Debt issuance costs	(28,901		)	—		—			—			—			(28,901		)
Intercompany transfers	—			—		1,299,830			(58,857		)	(1,240,973		)	—
Issuance of common units for cash, net	633,759			—		633,759			—			(633,759		)	633,759
Distributions to partners/owners	(256,389		)	—		(256,389		)	—			256,389			(256,389		)
Distributions to noncontrolling interest	—			—		(960		)	—			—			(960		)
Other, net	—			—		(471		)	15,190			(15,190		)	(471		)
Net cash provided by financing activities	1,702,787			—		1,675,769			(43,667		)	(1,633,533		)	1,701,356
Net increase (decrease) in cash and cash equivalents	(3		)	—		(22		)	1,458			—			1,433
Cash and cash equivalents at beginning of period	9			—		8,310			1,143			—			9,462
Cash and cash equivalents at end of period	$	6		$	—	$	8,288		$	2,601		$	—		$	10,895

Condensed Consolidating Statement of Cash Flows
Year Ended December 31, 2014
	Genesis Energy, L.P. (Parent and Co-Issuer)			Genesis Energy Finance Corporation (Co-Issuer)		Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Genesis Energy, L.P. Consolidated
Net cash (used in) provided by operating activities	$	96,868		$	—	$	317,520		$	34,331		$	(157,665	)	$	291,054
CASH FLOWS FROM INVESTING ACTIVITIES:
Payments to acquire fixed and intangible assets	—			—		(443,482		)	—			—			(443,482		)
Cash distributions received from equity investees - return of investment	42,755			—		18,363			—			(42,755		)	18,363
Investments in equity investees	(225,725		)	—		(40,926		)	—			225,725			(40,926		)
Acquisitions	—			—		(157,000		)	—			—			(157,000		)
Intercompany transfers	(244,876		)	—		—			—			244,876			—
Repayments on loan to non-guarantor subsidiary	—			—		4,993			—			(4,993		)	—
Proceeds from assets sales	—			—		272			—			—			272
Other, net	—			—		(1,214		)	—			—			(1,214		)
Net cash used in investing activities	(427,846		)	—		(618,994		)	—			422,853			(623,987		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings on senior secured credit facility	1,839,900			—		—			—			—			1,839,900
Repayments on senior secured credit facility	(1,872,300		)	—		—			—			—			(1,872,300		)
Proceeds from issuance of senior unsecured notes, including premium	350,000			—		—			—			—			350,000
Debt issuance costs	(11,896		)	—		—			—			—			(11,896		)
Intercompany transfers	—			—		273,911			(29,035		)	(244,876		)	—
Issuance of ownership interests to partners for cash	225,725			—		225,725			—			(225,725		)	225,725
Distributions to partners/owners	(200,462		)	—		(200,462		)	—			200,463			(200,461		)
Other, net	—			—		2,560			(4,949		)	4,950			2,561
Net cash provided by (used in) financing activities	330,967			—		301,734			(33,984		)	(265,188		)	333,529
Net increase (decrease) in cash and cash equivalents	(11		)	—		260			347			—			596
Cash and cash equivalents at beginning of period	20			—		8,050			796			—			8,866
Cash and cash equivalents at end of period	$	9		$	—	$	8,310		$	1,143		$	—		$	9,462

Condensed Consolidating Statement of Cash Flows
Year Ended December 31, 2013
	Genesis Energy, L.P. (Parent and Co-Issuer)			Genesis Energy Finance Corporation (Co-Issuer)		Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Genesis Energy, L.P. Consolidated
Net cash (used in) provided by operating activities	$	107,951		$	—	$	139,027		$	35,847		$	(144,439	)	$	138,386
CASH FLOWS FROM INVESTING ACTIVITIES:
Payments to acquire fixed and intangible assets	—			—		(343,119		)	—			—			(343,119		)
Cash distributions received from equity investees - return of investment	23,963			—		12,432			—			(23,963		)	12,432
Investments in equity investees	(263,574		)	—		(94,551		)	—			263,574			(94,551		)
Acquisitions	—			—		(230,880		)	—			—			(230,880		)
Intercompany transfers	(388,106		)	—		—			—			388,106			—
Repayments on loan to non-guarantor subsidiary	—			—		4,512			—			(4,512		)	—
Proceeds from asset sales	—			—		1,910			—			—			1,910
Other, net	—			—		(1,622		)	—			—			(1,622		)
Net cash used in investing activities	(627,717		)	—		(651,318		)	—			623,205			(655,830		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings on senior secured credit facility	1,593,300			—		—			—			—			1,593,300
Repayments on senior secured credit facility	(1,510,500		)	—		—			—			—			(1,510,500		)
Proceeds from issuance of senior unsecured notes	350,000			—		—			—			—			350,000
Debt issuance costs	(8,157		)	—		—			—			—			(8,157		)
Intercompany transfers	—			—		418,852			(30,746		)	(388,106		)	—
Issuance of ownership interests to partners for cash	263,574			—		263,574			—			(263,574		)	263,574
Distributions to partners/owners	(168,441		)	—		(168,441		)	—			168,441			(168,441		)
Other, net	—			—		(4,748		)	(4,473		)	4,473			(4,748		)
Net cash provided by (used in) financing activities	519,776			—		509,237			(35,219		)	(478,766		)	515,028
Net increase (decrease) in cash and cash equivalents	10			—		(3,054		)	628			—			(2,416		)
Cash and cash equivalents at beginning of period	10			—		11,104			168			—			11,282
Cash and cash equivalents at end of period	$	20		$	—	$	8,050		$	796		$	—		$	8,866

Condensed Consolidating Financial Information (Restatements)

See below for revisions to previously presented Condensed Consolidating Financial Information.

Balance Sheet Restatements	As Previously Reported		Adjustment		As Revised
December 31, 2014
Parent Column
Other current assets	1,378,573		(1,378,520	)	53
Total current assets	1,378,582		(1,378,520	)	62
Advances to affiliates	—		1,378,520		1,378,520
Guarantor Column
Current liabilities	1,761,856		(1,366,697	)	395,159
Advances from affiliates	—		1,366,697		1,366,697
Non Guarantor Column
Other current assets	46,215		(33,741	)	12,474
Total current assets	47,358		(33,741	)	13,617
Total assets	252,674		(33,741	)	218,933
Current liabilities	2,705		(2,206	)	499
Advances from affiliates	—		11,823		11,823
Other liabilities	154,021		(43,358	)	110,663
Total liabilities	156,726		(33,741	)	122,985
Total liabilities and partners' capital	252,674		(33,741	)	218,933
Eliminations Column
Other current assets	(1,412,269	)	1,412,261		(8	)
Total current assets	(1,412,269	)	1,412,261		(8	)
Advances to affiliates	—		(1,378,520	)	(1,378,520	)
Total assets	(3,097,911	)	33,741		(3,064,170	)
Current liabilities	(1,412,432	)	1,368,903		(43,529	)
Advances from affiliates	—		(1,378,520	)	(1,378,520	)
Other liabilities	(154,021	)	43,358		(110,663	)
Total liabilities	(1,566,453	)	33,741		(1,532,712	)
Total liabilities and partners' capital	(3,097,911	)	33,741		(3,064,170	)

Cash Flow Restatements	As Previously Reported		Adjustment		As Revised
December 31, 2014
Parent Column
Net cash provided by operating activities	(148,008	)	244,876		96,868
Intercompany transfers (investing)	—		(244,876	)	(244,876	)
Net cash used in investing activities	(182,970	)	(244,876	)	(427,846	)
Guarantor Column
Net cash provided by operating activities	591,431		(273,911	)	317,520
Intercompany transfers (financing)	—		273,911		273,911
Net cash provided by (used in) financing activities	27,824		273,910		301,734
Non Guarantor Column
Net cash provided by operating activities	5,296		29,035		34,331
Intercompany transfers (financing)	—		(29,035	)	(29,035	)
Net cash provided by (used in) financing activities	(4,950	)	(29,034	)	(33,984	)
Eliminations Column
Intercompany transfers (investing)	—		244,876		244,876
Net cash used in investing activities	177,977		244,876		422,853
Intercompany transfers (financing)	—		(244,876	)	(244,876	)
Net cash provided by (used in) financing activities	(20,312	)	(244,876	)	(265,188	)

Cash Flow Restatements	As Previously Reported		Adjustment		As Revised
December 31, 2013
Parent Column
Net cash provided by operating activities	(280,155	)	388,106		107,951
Intercompany transfers (investing)	—		(388,106	)	(388,106	)
Net cash used in investing activities	(239,611	)	(388,106	)	(627,717	)
Guarantor Column
Net cash provided by operating activities	557,879		(418,852	)	139,027
Intercompany transfers (financing)	—		418,852		418,852
Net cash provided by (used in) financing activities	90,385		418,852		509,237
Non Guarantor Column
Net cash provided by operating activities	5,101		30,746		35,847
Intercompany transfers (financing)	—		(30,746	)	(30,746	)
Net cash provided by (used in) financing activities	(4,473	)	(30,746	)	(35,219	)
Eliminations Column
Intercompany transfers (investing)	—		388,106		388,106
Net cash used in investing activities	235,099		388,106		623,205
Intercompany transfers (financing)	—		(388,106	)	(388,106	)
Net cash provided by (used in) financing activities	(90,660	)	(388,106	)	(478,766	)