Schedule of 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, 2018 | | | | | | | | | | | | | | 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 |
| | $ | — |
| | $ | 4,924 |
| | $ | 5,370 |
| | $ | — |
| | $ | 10,300 |
| Other current assets | 50 |
| | — |
| | 229,411 |
| | 203,683 |
| | (165 | ) | | 432,979 |
| Total current assets | 56 |
| | — |
| | 234,335 |
| | 209,053 |
| | (165 | ) | | 443,279 |
| Fixed Assets, at cost | — |
| | — |
| | 4,602,164 |
| | 838,694 |
| | — |
| | 5,440,858 |
| Less: Accumulated depreciation | — |
| | — |
| | (926,830 | ) | | (96,995 | ) | | — |
| | (1,023,825 | ) | Net fixed assets | — |
| | — |
| | 3,675,334 |
| | 741,699 |
| | — |
| | 4,417,033 |
| Mineral Leaseholds, net of accumulated depletion | — |
| | — |
| | — |
| | 560,481 |
| | — |
| | 560,481 |
| Goodwill | — |
| | — |
| | 301,959 |
| | — |
| | — |
| | 301,959 |
| Other assets, net | 10,776 |
| | — |
| | 435,540 |
| | 122,538 |
| | (167,620 | ) | | 401,234 |
| Advances to affiliates | 3,305,568 |
| | — |
| | — |
| | 105,917 |
| | (3,411,485 | ) | | — |
| Equity investees | — |
| | — |
| | 355,085 |
| | — |
| | — |
| | 355,085 |
| Investments in subsidiaries | 2,648,510 |
| | — |
| | 1,413,334 |
| | — |
| | (4,061,844 | ) | | — |
| Total assets | $ | 5,964,910 |
| | $ | — |
| | $ | 6,415,587 |
| | $ | 1,739,688 |
| | $ | (7,641,114 | ) | | $ | 6,479,071 |
| LIABILITIES AND CAPITAL | | | | | | | | | | | | Current liabilities | $ | 39,342 |
| | $ | — |
| | $ | 177,104 |
| | $ | 116,498 |
| | $ | (110 | ) | | $ | 332,834 |
| Senior secured credit facility | 970,100 |
| | — |
| | — |
| | — |
| | — |
| | 970,100 |
| Senior unsecured notes, net of debt issuance costs | 2,462,363 |
| | — |
| | — |
| | — |
| | — |
| | 2,462,363 |
| Deferred tax liabilities | — |
| | — |
| | 12,576 |
| | — |
| | — |
| | 12,576 |
| Advances from affiliates | — |
| | — |
| | 3,411,515 |
| | — |
| | (3,411,515 | ) | | — |
| Other liabilities | 40,840 |
| | — |
| | 174,249 |
| | 211,590 |
| | (167,481 | ) | | 259,198 |
| Total liabilities | 3,512,645 |
| | — |
| | 3,775,444 |
| | 328,088 |
| | (3,579,106 | ) | | 4,037,071 |
| Mezzanine Capital: | | | | | | | | | | | | Class A Convertible Preferred Units | 761,466 |
| | — |
| | — |
| | — |
| | — |
| | 761,466 |
| Partners’ capital, common units | 1,690,799 |
| | — |
| | 2,640,143 |
| | 1,421,865 |
| | (4,062,008 | ) | | 1,690,799 |
| Accumulated other comprehensive income (loss)(1) | — |
| | — |
| | — |
| | 939 |
| | — |
| | 939 |
| Noncontrolling interests | — |
| | — |
| | — |
| | (11,204 | ) | | — |
| | (11,204 | ) | Total liabilities, mezzanine capital and partners’ capital | $ | 5,964,910 |
| | $ | — |
| | $ | 6,415,587 |
| | $ | 1,739,688 |
| | $ | (7,641,114 | ) | | $ | 6,479,071 |
|
(1) The entire balance and activity within Accumulated Other Comprehensive Income is related to our pension held within our Non-Guarantor Subsidiaries.
| | | | | | | | | | | | | | | | | | | | | | | | | Condensed Consolidating Balance Sheet | December 31, 2017 | | | | | | | | | | | | | | 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 |
| | $ | — |
| | $ | 5,230 |
| | $ | 3,805 |
| | $ | — |
| | $ | 9,041 |
| Other current assets | 50 |
| | — |
| | 407,821 |
| | 219,177 |
| | (56 | ) | | 626,992 |
| Total current assets | 56 |
| | — |
| | 413,051 |
| | 222,982 |
| | (56 | ) | | 636,033 |
| Fixed Assets, at cost | — |
| | — |
| | 4,832,639 |
| | 768,376 |
| | — |
| | 5,601,015 |
| Less: Accumulated depreciation | — |
| | — |
| | (692,193 | ) | | (42,793 | ) | | — |
| | (734,986 | ) | Net fixed assets | — |
| | — |
| | 4,140,446 |
| | 725,583 |
| | — |
| | 4,866,029 |
| Mineral Leaseholds, net of accumulated depletion | — |
| | — |
| | — |
| | 564,506 |
| | — |
| | 564,506 |
| Goodwill | — |
| | — |
| | 325,046 |
| | — |
| | — |
| | 325,046 |
| Other assets, net | 14,083 |
| | — |
| | 372,201 |
| | 132,470 |
| | (154,437 | ) | | 364,317 |
| Advances to affiliates | 3,808,712 |
| | — |
| | — |
| | 86,023 |
| | (3,894,735 | ) | | — |
| Equity investees | — |
| | — |
| | 381,550 |
| | — |
| | — |
| | 381,550 |
| Investments in subsidiaries | 2,689,861 |
| | — |
| | 1,431,550 |
| | — |
| | (4,121,411 | ) | | — |
| Total assets | $ | 6,512,712 |
|
| $ | — |
|
| $ | 7,063,844 |
| | $ | 1,731,564 |
| | $ | (8,170,639 | ) | | $ | 7,137,481 |
| LIABILITIES AND CAPITAL | | | | | | | | | | | | Current liabilities | $ | 46,086 |
| | $ | — |
| | $ | 307,673 |
| | $ | 102,761 |
| | $ | (256 | ) | | $ | 456,264 |
| Senior secured credit facility | 1,099,200 |
| | — |
| | — |
| | — |
| | — |
| | 1,099,200 |
| Senior unsecured notes, net of debt issuance costs | 2,598,918 |
| | — |
| | — |
| | — |
| | — |
| | 2,598,918 |
| Deferred tax liabilities | — |
| | — |
| | 11,913 |
| | — |
| | — |
| | 11,913 |
| Advances from affiliates | — |
| | — |
| | 3,894,627 |
| | — |
| | (3,894,627 | ) | | — |
| Other liabilities | 45,210 |
| | — |
| | 166,705 |
| | 198,946 |
| | (154,290 | ) | | 256,571 |
| Total liabilities | 3,789,414 |
| | — |
| | 4,380,918 |
| | 301,707 |
| | (4,049,173 | ) | | 4,422,866 |
| Mezzanine Capital | | | | | | | | | | | | Class A Convertible Preferred Units | 697,151 |
| | — |
| | — |
| | — |
| | — |
| | 697,151 |
| Partners' capital | 2,026,147 |
| | — |
| | 2,682,926 |
| | 1,438,540 |
| | (4,121,466 | ) | | 2,026,147 |
| Accumulated other comprehensive income (loss) | — |
| | — |
| | — |
| | (604 | ) | | — |
| | (604 | ) | Noncontrolling interests | — |
| | — |
| | — |
| | (8,079 | ) | | — |
| | (8,079 | ) | Total liabilities, mezzanine capital and partners’ capital | $ | 6,512,712 |
| | $ | — |
| | $ | 7,063,844 |
| | $ | 1,731,564 |
| | $ | (8,170,639 | ) | | $ | 7,137,481 |
|
| | | | | | | | | | | | | | | | | | | | | | | | | Condensed Consolidating Statement of Operations | Year Ended December 31, 2018 | | | | | | | | | | | | | | 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 | $ | — |
| | $ | — |
| | $ | 284,544 |
| | $ | — |
| | $ | — |
| | $ | 284,544 |
| Sodium minerals and sulfur services | — |
| | — |
| | 333,495 |
| | 856,221 |
| | (15,282 | ) | | 1,174,434 |
| Marine transportation | — |
| | — |
| | 219,937 |
| | — |
| | — |
| | 219,937 |
| Onshore facilities and transportation | — |
| | — |
| | 1,214,235 |
| | 19,620 |
| | — |
| | 1,233,855 |
| Total revenues | — |
| | — |
| | 2,052,211 |
| | 875,841 |
| | (15,282 | ) | | 2,912,770 |
| COSTS AND EXPENSES: | | | | | | | | | | | | Onshore facilities and transportation costs | — |
| | — |
| | 1,125,528 |
| | 1,202 |
| | — |
| | 1,126,730 |
| Marine transportation operating costs | — |
| | — |
| | 172,527 |
| | — |
| | — |
| | 172,527 |
| Sodium minerals and sulfur services operating costs | — |
| | — |
| | 259,573 |
| | 668,200 |
| | (15,282 | ) | | 912,491 |
| Offshore pipeline transportation operating costs | — |
| | — |
| | 64,272 |
| | 2,396 |
| | — |
| | 66,668 |
| General and administrative | — |
| | — |
| | 65,481 |
| | 1,417 |
| | — |
| | 66,898 |
| Depreciation, depletion and amortization | — |
| | — |
| | 249,820 |
| | 63,370 |
| | — |
| | 313,190 |
| Gain on sale of assets | — |
| | — |
| | (42,264 | ) | | — |
| | — |
| | (42,264 | ) | Impairment expense | — |
| | — |
| | 100,093 |
| | 26,189 |
| | — |
| | 126,282 |
| Total costs and expenses | — |
| | — |
| | 1,995,030 |
| | 762,774 |
| | (15,282 | ) | | 2,742,522 |
| OPERATING INCOME | — |
| | — |
| | 57,181 |
| | 113,067 |
| | — |
| | 170,248 |
| Equity in earnings of equity investees | — |
| | — |
| | 43,626 |
| | — |
| | — |
| | 43,626 |
| Equity in earnings of subsidiaries | 219,615 |
| | — |
| | 107,684 |
| | — |
| | (327,299 | ) | | — |
| Interest expense, net | (230,713 | ) | | — |
| | 13,027 |
| | (11,505 | ) | | — |
| | (229,191 | ) | Other income | 5,023 |
| | — |
| | — |
| | — |
| | — |
| | 5,023 |
| Income before income taxes | (6,075 | ) | | — |
| | 221,518 |
| | 101,562 |
| | (327,299 | ) | | (10,294 | ) | Income tax benefit (expense) | — |
| | — |
| | (1,727 | ) | | 229 |
| | — |
| | (1,498 | ) | NET INCOME (LOSS) | (6,075 | ) | | — |
| | 219,791 |
| | 101,791 |
| | (327,299 | ) | | (11,792 | ) | Net loss attributable to noncontrolling interests | — |
| | — |
| | — |
| | 5,717 |
| | — |
| | 5,717 |
| NET INCOME (LOSS) ATTRIBUTABLE TO GENESIS ENERGY, L.P. | $ | (6,075 | ) | | $ | — |
| | $ | 219,791 |
| | $ | 107,508 |
| | $ | (327,299 | ) | | $ | (6,075 | ) | Less: Accumulated distributions attributable to Class A Convertible Preferred Units | (69,801 | ) | | — |
| | — |
| | — |
| | — |
| | (69,801 | ) | NET INCOME (LOSS) AVAILABLE TO COMMON UNIT HOLDERS | $ | (75,876 | ) | | $ | — |
| | $ | 219,791 |
| | $ | 107,508 |
| | $ | (327,299 | ) | | $ | (75,876 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | Condensed Consolidating Statement of Operations | Year Ended December 31, 2017 | | | | | | | | | | | | | | 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 | $ | — |
| | $ | — |
| | $ | 318,239 |
| | $ | — |
| | $ | — |
| | $ | 318,239 |
| Sodium minerals and sulfur services | — |
| | — |
| | 185,852 |
| | 286,263 |
| | (9,493 | ) | | 462,622 |
| Marine transportation | — |
| | — |
| | 205,287 |
| | — |
| | — |
| | 205,287 |
| Onshore facilities and transportation | — |
| | — |
| | 1,023,293 |
| | 18,936 |
| | — |
| | 1,042,229 |
| Total revenues | — |
| | — |
| | 1,732,671 |
| | 305,199 |
| | (9,493 | ) | | 2,028,377 |
| COSTS AND EXPENSES: | | | | | | | | | | | | Onshore facilities and transportation costs | — |
| | — |
| | 967,558 |
| | 1,089 |
| | — |
| | 968,647 |
| Marine transportation operating costs | — |
| | — |
| | 154,606 |
| | — |
| | — |
| | 154,606 |
| Sodium minerals and sulfur services operating costs | — |
| | — |
| | 117,224 |
| | 226,187 |
| | (9,493 | ) | | 333,918 |
| Offshore pipeline transportation operating costs | — |
| | — |
| | 69,225 |
| | 2,840 |
| | — |
| | 72,065 |
| General and administrative | — |
| | — |
| | 65,862 |
| | 559 |
| | — |
| | 66,421 |
| Depreciation, depletion and amortization | — |
| | — |
| | 232,303 |
| | 20,177 |
| | — |
| | 252,480 |
| Gain on sale of assets | — |
| | — |
| | (40,311 | ) | | — |
| | — |
| | (40,311 | ) | Total costs and expenses | — |
| | — |
| | 1,566,467 |
| | 250,852 |
| | (9,493 | ) | | 1,807,826 |
| OPERATING INCOME | — |
| | — |
| | 166,204 |
| | 54,347 |
| | — |
| | 220,551 |
| Equity in earnings of equity investees | — |
| | — |
| | 51,046 |
| | — |
| | — |
| | 51,046 |
| Equity in earnings of subsidiaries | 276,341 |
| | — |
| | 41,494 |
| | — |
| | (317,835 | ) | | — |
| Interest expense, net | (176,979 | ) | | — |
| | 13,825 |
| | (13,608 | ) | | — |
| | (176,762 | ) | Other expense | (16,715 | ) | | — |
| | — |
| | — |
| | — |
| | (16,715 | ) | Income before income taxes | 82,647 |
| | — |
| | 272,569 |
| | 40,739 |
| | (317,835 | ) | | 78,120 |
| Income tax expense | — |
| | — |
| | 3,928 |
| | 31 |
| | — |
| | 3,959 |
| NET INCOME | 82,647 |
| | — |
| | 276,497 |
| | 40,770 |
| | (317,835 | ) | | 82,079 |
| Net loss attributable to noncontrolling interests | — |
| | — |
| | — |
| | 568 |
| | — |
| | 568 |
| NET INCOME ATTRIBUTABLE TO GENESIS ENERGY, L.P. | $ | 82,647 |
| | $ | — |
| | $ | 276,497 |
| | $ | 41,338 |
| | $ | (317,835 | ) | | $ | 82,647 |
| Less: Accumulated distributions attributable to Class A Convertible Preferred Units | (21,995 | ) | | — |
| | — |
| | — |
| | — |
| | (21,995 | ) | NET INCOME AVAILABLE TO COMMON UNIT HOLDERS | $ | 60,652 |
| | $ | — |
| | $ | 276,497 |
| | $ | 41,338 |
| | $ | (317,835 | ) | | $ | 60,652 |
|
| | | | | | | | | | | | | | | | | | | | | | | | | Condensed Consolidating Statement of Operations | Year Ended December 31, 2016 | | | | | | | | | | | | | | 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 | $ | — |
| | $ | — |
| | $ | 334,679 |
| | $ | — |
| | $ | — |
| | $ | 334,679 |
| Sodium minerals and sulfur services | — |
| | — |
| | 171,389 |
| | 7,873 |
| | (7,759 | ) | | 171,503 |
| Marine transportation | — |
| | — |
| | 213,021 |
| | — |
| | — |
| | 213,021 |
| Onshore facilities and transportation | — |
| | — |
| | 972,794 |
| | 20,496 |
| | — |
| | 993,290 |
| Total revenues | — |
| | — |
| | 1,691,883 |
| | 28,369 |
| | (7,759 | ) | | 1,712,493 |
| COSTS AND EXPENSES: | | | | | | | | | | | | Onshore facilities and transportation costs | — |
| | — |
| | 923,567 |
| | 1,060 |
| | — |
| | 924,627 |
| Marine transportation operating costs | — |
| | — |
| | 142,551 |
| | — |
| | — |
| | 142,551 |
| Sodium minerals and sulfur services operating costs | — |
| | — |
| | 90,711 |
| | 8,491 |
| | (7,759 | ) | | 91,443 |
| Offshore pipeline transportation operating costs | — |
| | — |
| | 68,791 |
| | 10,833 |
| | — |
| | 79,624 |
| General and administrative | — |
| | — |
| | 45,625 |
| | — |
| | — |
| | 45,625 |
| Depreciation and amortization | — |
| | — |
| | 219,696 |
| | 2,500 |
| | — |
| | 222,196 |
| Total costs and expenses | — |
| | — |
| | 1,490,941 |
| | 22,884 |
| | (7,759 | ) | | 1,506,066 |
| OPERATING INCOME | — |
| | — |
| | 200,942 |
| | 5,485 |
| | — |
| | 206,427 |
| Equity in earnings of equity investees | — |
| | — |
| | 47,944 |
| | — |
| | — |
| | 47,944 |
| Equity in earnings of subsidiaries | 253,048 |
| | — |
| | (6,744 | ) | | — |
| | (246,304 | ) | | — |
| Interest expense, net | (139,799 | ) | | — |
| | 14,407 |
| | (14,555 | ) | | — |
| | (139,947 | ) | Income before income taxes | 113,249 |
| | — |
| | 256,549 |
| | (9,070 | ) | | (246,304 | ) | | 114,424 |
| Income tax expense | — |
| | — |
| | (3,337 | ) | | (5 | ) | | — |
| | (3,342 | ) | NET INCOME | $ | 113,249 |
| | $ | — |
| | $ | 253,212 |
| | $ | (9,075 | ) | | $ | (246,304 | ) | | $ | 111,082 |
| Net loss attributable to noncontrolling interest | $ | — |
| | $ | — |
| | $ | — |
| | $ | 2,167 |
| | $ | — |
| | 2,167 |
| NET INCOME ATTRIBUTABLE TO GENESIS ENERGY, L.P. | $ | 113,249 |
| | $ | — |
| | $ | 253,212 |
| | $ | (6,908 | ) | | $ | (246,304 | ) | | $ | 113,249 |
| Less: Accumulated distributions attributable to Class A Convertible Preferred Units | $ | — |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | — |
| | — |
| NET INCOME AVAILABLE TO COMMON UNIT HOLDERS | $ | 113,249 |
| | $ | — |
| | $ | 253,212 |
| | $ | (6,908 | ) | | $ | (246,304 | ) | | $ | 113,249 |
|
| | | | | | | | | | | | | | | | | | | | | | | | | Condensed Consolidating Statement of Cash Flows | Year Ended December 31, 2018 | | | | | | | | | | | | | | 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 | $ | 28,784 |
| | $ | — |
| | $ | 514,096 |
| | $ | 207,870 |
| | $ | (360,711 | ) | | $ | 390,039 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | | | | | | | | | | | | Payments to acquire fixed and intangible assets | — |
| | — |
| | (114,887 | ) | | (80,480 | ) | | — |
| | (195,367 | ) | Cash distributions received from equity investees - return of investment | — |
| | — |
| | 28,979 |
| | — |
| | — |
| | 28,979 |
| Investments in equity investees | — |
| | — |
| | (3,018 | ) | | — |
| | — |
| | (3,018 | ) | Intercompany transfers | 503,144 |
| | — |
| | — |
| | — |
| | (503,144 | ) | | — |
| Repayments on loan to non-guarantor subsidiary | — |
| | — |
| | 7,484 |
| | — |
| | (7,484 | ) | | — |
| Proceeds from asset sales | — |
| | — |
| | 310,099 |
| | — |
| | — |
| | 310,099 |
| Net cash provided by (used in) provided by investing activities | 503,144 |
| | — |
| | 228,657 |
| | (80,480 | ) | | (510,628 | ) | | 140,693 |
| CASH FLOWS FROM FINANCING ACTIVITIES: | | | | | | | | | | | | Borrowings on senior secured credit facility | 980,700 |
| | — |
| | — |
| | — |
| | — |
| | 980,700 |
| Repayments on senior secured credit facility | (1,109,800 | ) | | — |
| | — |
| | — |
| | — |
| | (1,109,800 | ) | Repayment of senior unsecured notes | (145,170 | ) | | — |
| | — |
| | — |
| | — |
| | (145,170 | ) | Debt issuance costs | (242 | ) | | — |
| | — |
| | — |
| | — |
| | (242 | ) | Intercompany transfers | — |
| | — |
| | (485,506 | ) | | (17,638 | ) | | 503,144 |
| | — |
| Distributions to partners/owners | (257,416 | ) | | — |
| | (257,416 | ) | | (123,900 | ) | | 381,316 |
| | (257,416 | ) | Contributions from noncontrolling interest | — |
| | — |
| | — |
| | 2,592 |
| | — |
| | 2,592 |
| Other, net | — |
| | — |
| | (137 | ) | | 13,121 |
| | (13,121 | ) | | (137 | ) | Net cash provided by (used in) financing activities | (531,928 | ) | | — |
| | (743,059 | ) | | (125,825 | ) | | 871,339 |
| | (529,473 | ) | Net increase in cash and cash equivalents | — |
| | — |
| | (306 | ) | | 1,565 |
| | — |
| | 1,259 |
| Cash and cash equivalents at beginning of period | 6 |
| | — |
| | 5,230 |
| | 3,805 |
| | — |
| | 9,041 |
| Cash and cash equivalents at end of period | $ | 6 |
| | $ | — |
| | $ | 4,924 |
| | $ | 5,370 |
| | $ | — |
| | $ | 10,300 |
|
| | | | | | | | | | | | | | | | | | | | | | | | | Condensed Consolidating Statement of Cash Flows | Year Ended December 31, 2017 | | | | | | | | | | | | | | 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 | $ | 162,980 |
| | $ | — |
| | $ | 448,873 |
| | $ | 30,467 |
| | $ | (318,764 | ) | | $ | 323,556 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | | | | | | | | | | | | Payments to acquire fixed and intangible assets | — |
| | — |
| | (236,151 | ) | | (14,442 | ) | | — |
| | (250,593 | ) | Cash distributions received from equity investees - return of investment | — |
| | — |
| | 35,582 |
| | — |
| | — |
| | 35,582 |
| Investments in equity investees | (140,513 | ) | | — |
| | (4,647 | ) | | — |
| | 140,513 |
| | (4,647 | ) | Acquisitions | — |
| | — |
| | (759 | ) | | (1,325,000 | ) | | — |
| | (1,325,759 | ) | Intercompany transfers | (1,157,781 | ) | | — |
| | (1,325,000 | ) | | — |
| | 2,482,781 |
| | — |
| Repayments on loan to non-guarantor subsidiary | — |
| | — |
| | 6,764 |
| | — |
| | (6,764 | ) | | — |
| Contributions in aid of construction costs | — |
| | — |
| | 124 |
| | — |
| | — |
| | 124 |
| Proceeds from assets sales | — |
| | — |
| | 85,722 |
| | — |
| | — |
| | 85,722 |
| Net cash (used in) provided by investing activities | (1,298,294 | ) | | — |
| | (1,438,365 | ) | | (1,339,442 | ) | | 2,616,530 |
| | (1,459,571 | ) | CASH FLOWS FROM FINANCING ACTIVITIES: | | | | | | | | | | | | Borrowings on senior secured credit facility | 1,458,700 |
| | — |
| | — |
| | — |
| | — |
| | 1,458,700 |
| Repayments on senior secured credit facility | (1,637,700 | ) | | — |
| | — |
| | — |
| | — |
| | (1,637,700 | ) | Proceeds from issuance of senior unsecured notes, including premium | 1,000,000 |
| | — |
| | — |
| | — |
| | — |
| | 1,000,000 |
| Proceeds from issuance of Series A convertible preferred | 726,419 |
| | — |
| | — |
| | — |
| | — |
| | 726,419 |
| Repayment of senior unsecured notes | (204,830 | ) | | — |
| | — |
| | — |
| | — |
| | (204,830 | ) | Debt issuance costs | (25,913 | ) | | — |
| | — |
| | — |
| | — |
| | (25,913 | ) | Intercompany transfers | — |
| | — |
| | 1,169,781 |
| | 1,313,000 |
| | (2,482,781 | ) | | — |
| Issuance of common units for cash, net | 140,513 |
| | — |
| | 140,513 |
| | — |
| | (140,513 | ) | | 140,513 |
| Distributions to partners/owners | (321,875 | ) | | — |
| | (321,875 | ) | | (17,500 | ) | | 339,375 |
| | (321,875 | ) | Contributions from noncontrolling interest | — |
| | — |
| | — |
| | 2,770 |
| | — |
| | 2,770 |
| Other, net | — |
| | — |
| | (57 | ) | | 13,847 |
| | (13,847 | ) | | (57 | ) | Net cash provided by (used in) financing activities | 1,135,314 |
| | — |
| | 988,362 |
| | 1,312,117 |
| | (2,297,766 | ) | | 1,138,027 |
| Net increase in cash and cash equivalents | — |
| | — |
| | (1,130 | ) | | 3,142 |
| | — |
| | 2,012 |
| Cash and cash equivalents at beginning of period | 6 |
| | — |
| | 6,360 |
| | 663 |
| | — |
| | 7,029 |
| Cash and cash equivalents at end of period | $ | 6 |
| | $ | — |
| | $ | 5,230 |
| | $ | 3,805 |
| | $ | — |
| | $ | 9,041 |
|
| | | | | | | | | | | | | | | | | | | | | | | | | Condensed Consolidating Statement of Cash Flows | Year Ended December 31, 2016 | | | | | | | | | | | | | | 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 | $ | 179,853 |
| | $ | — |
| | $ | 382,734 |
| | $ | 9,586 |
| | $ | (289,421 | ) | | $ | 282,752 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | | | | | | | | | | | | Payments to acquire fixed and intangible assets | — |
| | — |
| | (463,100 | ) | | — |
| | — |
| | (463,100 | ) | Cash distributions received from equity investees - return of investment | — |
| | — |
| | 36,939 |
| | — |
| | — |
| | 36,939 |
| Investments in equity investees | (298,020 | ) | | — |
| | — |
| | — |
| | 298,020 |
| | — |
| Acquisitions | — |
| | — |
| | (25,394 | ) | | — |
| | — |
| | (25,394 | ) | Intercompany transfers | (31,436 | ) | | — |
| | — |
| | — |
| | 31,436 |
| | — |
| Repayments on loan to non-guarantor subsidiary | — |
| | — |
| | 6,113 |
| | — |
| | (6,113 | ) | | — |
| Contributions in aid of construction costs | — |
| | — |
| | 13,374 |
| | — |
| | — |
| | 13,374 |
| Proceeds from asset sales | — |
| | — |
| | 3,609 |
| | — |
| | — |
| | 3,609 |
| Other, net | — |
| | — |
| | (151 | ) | | — |
| | — |
| | (151 | ) | Net cash (used in) provided by investing activities | (329,456 | ) | | — |
| | (428,610 | ) | | — |
| | 323,343 |
| | (434,723 | ) | CASH FLOWS FROM FINANCING ACTIVITIES: | | | | | | | | | | | | Borrowings on senior secured credit facility | 1,115,800 |
| | — |
| | — |
| | — |
| | — |
| | 1,115,800 |
| Repayments on senior secured credit facility | (952,600 | ) | | — |
| | — |
| | — |
| | — |
| | (952,600 | ) | Debt issuance costs | (1,578 | ) | | — |
| | — |
| | — |
| | — |
| | (1,578 | ) | Distribution to partners/owners | (310,039 | ) | | — |
| | (310,039 | ) | | — |
| | 310,039 |
| | (310,039 | ) | Contributions from noncontrolling interest | — |
| | — |
| | — |
| | 236 |
| | — |
| | 236 |
| Issuance of common units for cash, net | 298,020 |
| | — |
| | 298,020 |
| | — |
| | (298,020 | ) | | 298,020 |
| Intercompany transfers | — |
| | — |
| | 57,701 |
| | (26,264 | ) | | (31,437 | ) | | — |
| Other, net | — |
| | — |
| | (1,734 | ) | | 14,504 |
| | (14,504 | ) | | (1,734 | ) | Net cash provided by (used in) financing activities | 149,603 |
| | — |
| | 43,948 |
| | (11,524 | ) | | (33,922 | ) | | 148,105 |
| Net decrease in cash and cash equivalents | — |
| | — |
| | (1,928 | ) | | (1,938 | ) | | — |
| | (3,866 | ) | Cash and cash equivalents at beginning of period | 6 |
| | — |
| | 8,288 |
| | 2,601 |
| | — |
| | 10,895 |
| Cash and cash equivalents at end of period | $ | 6 |
| | $ | — |
| | $ | 6,360 |
|
| $ | 663 |
| | $ | — |
| | $ | 7,029 |
|
|