Business Segments (Tables)

6 Months Ended

Jun. 30, 2012

Business Segments

Schedule of segment information

	Three Months Ended June 30,						Six Months Ended June 30,
	2012			2011			2012			2011
	(in thousands)
Net sales
Petroleum	$	2,229,539		$	1,376,681		$	4,128,024		$	2,487,941
Nitrogen Fertilizer		81,431			80,673			159,707			138,050
Intersegment elimination		(2,652	)		(9,638	)		(10,782	)		(11,010	)
Total	$	2,308,318		$	1,447,716		$	4,276,949		$	2,614,981
Cost of product sold (exclusive of depreciation and amortization)
Petroleum	$	1,866,155		$	1,122,763		$	3,496,820		$	2,053,046
Nitrogen Fertilizer		10,725			9,746			23,323			17,237
Intersegment elimination		(2,670	)		(9,134	)		(10,778	)		(10,086	)
Total	$	1,874,210		$	1,123,375		$	3,509,365		$	2,060,197
Direct operating expenses (exclusive of depreciation and amortization)
Petroleum	$	71,583		$	44,054		$	164,286		$	89,464
Nitrogen Fertilizer		22,524			22,266			45,361			45,290
Other		(8	)		(113	)		(34	)		(113	)
Total	$	94,099		$	66,207		$	209,613		$	134,641
Insurance recovery—business interruption
Petroleum	$	—		$	—		$	—		$	—
Nitrogen Fertilizer		—			—			—			(2,870	)
Other		—			—			—			—
Total	$	—		$	—		$	—		$	(2,870	)
Depreciation and amortization
Petroleum	$	26,638		$	16,966		$	52,897		$	33,882
Nitrogen Fertilizer		5,158			4,648			10,596			9,285
Other		394			429			809			887
Total	$	32,190		$	22,043		$	64,302		$	44,054
Operating income (loss)
Petroleum	$	248,856		$	183,537		$	383,752		$	289,227
Nitrogen Fertilizer		36,047			39,346			67,473			56,112
Other		(49,131	)		(4,963	)		(74,945	)		(17,813	)
Total	$	235,772		$	217,920		$	376,280		$	327,526
Capital expenditures
Petroleum	$	26,990		$	8,626		$	62,393		$	13,214
Nitrogen fertilizer		16,944			4,006			39,218			6,047
Other		1,700			1,010			3,548			1,718
Total	$	45,634		$	13,642		$	105,159		$	20,979

	As of June 30, 2012		As of December 31, 2011
	(in thousands)
Total assets
Petroleum	$	2,540,013	$	2,322,148
Nitrogen Fertilizer		639,703		659,309
Other		104,998		137,834
Total	$	3,284,714	$	3,119,291
Goodwill
Petroleum	$	—	$	—
Nitrogen Fertilizer		40,969		40,969
Other		—		—
Total	$	40,969	$	40,969