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Revenue from Contract with Customers (Tables)
 3 Months Ended
Mar. 31, 2019
Revenue from Contract with Customer [Abstract]  
Revenue from External Customers by Products and Services
The following tables provide details of our revenues disaggregated by key activities that comprise our performance obligations by operating segment (in thousands):
 
 
Three Months Ended March 31, 2018
 
 
Refined Products
 
Crude Oil
 
Marine Storage
 
Intersegment Eliminations
 
Total
Transportation
 
$
166,902

 
$
79,123

 
$
—

 
$
—

 
$
246,025

Terminalling
 
39,348

 
—

 
712

 
—

 
40,060

Storage
 
25,247

 
29,990

 
34,211

 
(915
)
 
88,533

Ancillary services
 
25,788

 
5,035

 
7,034

 
—

 
37,857

Lease revenue
 
3,109

 
12,110

 
4,243

 
—

 
19,462

Transportation and terminals revenue
 
260,394

 
126,258

 
46,200

 
(915
)
 
431,937

Product sales revenue
 
232,774

 
6,439

 
2,379

 
—

 
241,592

Affiliate management fee revenue
 
297

 
4,016

 
937

 
—

 
5,250

Total revenue
 
493,465

 
136,713

 
49,516

 
(915
)
 
678,779

Revenue not under the guidance of ASC 606:
 

 

 

 
 
 

Lease revenue(1)
 
(3,109
)
 
(12,110
)
 
(4,243
)
 
—

 
(19,462
)
Losses from futures contracts included in product sales revenue(2)
 
5,465

 
1,910

 
—

 
—

 
7,375

Affiliate management fee revenue
 
(297
)
 
(4,016
)
 
(937
)
 
—

 
(5,250
)
Total revenue from contracts with customers under ASC 606
 
$
495,524

 
$
122,497

 
$
44,336

 
$
(915
)
 
$
661,442


(1) Lease revenue in 2018 is accounted for under ASC 840, Leases.
(2) The impact on product sales revenue from futures contracts falls under the guidance of ASC 815, Derivatives and Hedging.

 
 
Three Months Ended March 31, 2019
 
 
Refined Products
 
Crude Oil
 
Marine Storage
 
Intersegment Eliminations
 
Total
Transportation
 
$
171,027

 
$
85,158

 
$
—

 
$
—

 
$
256,185

Terminalling
 
40,398

 
5,246

 
899

 
—

 
46,543

Storage
 
26,439

 
34,318

 
35,218

 
(938
)
 
95,037

Ancillary services
 
25,896

 
6,021

 
6,885

 
—

 
38,802

Lease revenue
 
3,245

 
16,865

 
4,115

 
—

 
24,225

Transportation and terminals revenue
 
267,005

 
147,608

 
47,117

 
(938
)
 
460,792

Product sales revenue
 
155,156

 
5,713

 
2,126

 
—

 
162,995

Affiliate management fee revenue
 
412

 
3,486

 
1,250

 
—

 
5,148

Total revenue
 
422,573

 
156,807

 
50,493

 
(938
)
 
628,935

Revenue not under the guidance of ASC 606:
 
 
 
 
 
 
 
 
 
 
Lease revenue(1)
 
(3,245
)
 
(16,865
)
 
(4,115
)
 
—

 
(24,225
)
Losses from futures contracts included in product sales revenue(2)
 
52,109

 
2,402

 
—

 
—

 
54,511

Affiliate management fee revenue
 
(412
)
 
(3,486
)
 
(1,250
)
 
—

 
(5,148
)
Total revenue from contracts with customers under ASC 606
 
$
471,025

 
$
138,858

 
$
45,128

 
$
(938
)
 
$
654,073


(1) Lease revenue in 2019 is accounted for under ASC 842, Leases.
(2) The impact on product sales revenue from futures contracts falls under the guidance of ASC 815, Derivatives and Hedging.
Contract with Customer, Asset and Liability
The following table summarizes our accounts receivable, contract assets and contract liabilities resulting from contracts with customers (in thousands):
 
 
December 31, 2018
 
March 31, 2019
Accounts receivable from contracts with customers
 
$
102,684

 
$
130,257

Contract assets
 
$
8,487

 
$
8,618

Contract liabilities
 
$
122,129

 
$
124,439
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction
The following table provides the aggregate amount of the transaction price allocated to our unfulfilled performance obligations (“UPOs”) as of March 31, 2019 by operating segment, including the range of years remaining on our contracts with customers and an estimate of revenues expected to be recognized over the next 12 months (dollars in thousands):
 
 
Refined Products
 
Crude Oil
 
Marine Storage
 
Total
Balances at 3/31/2019
 
$
2,082,007

 
$
1,270,411

 
$
239,820

 
$
3,592,238

Remaining terms
 
1 - 19 years

 
1 - 10 years

 
1 - 5 years

 
 
Estimated revenues from UPOs to be recognized in the next 12 months
 
$
289,218

 
$
327,365

 
$
115,727

 
$
732,310