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Condensed Consolidating Financial Information (Tables)
12 Months Ended
Dec. 31, 2018
Condensed Financial Information Disclosure [Abstract]  
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