Schedule of segment information |
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Three Months Ended
June 30, |
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Six Months Ended
June 30, |
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2012 |
|
2011 |
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2012 |
|
2011 |
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|
(in thousands)
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|
Net sales |
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|
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|
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|
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Petroleum |
|
$ |
2,229,539 |
|
$ |
1,376,681 |
|
$ |
4,128,024 |
|
$ |
2,487,941 |
|
Nitrogen Fertilizer |
|
|
81,431 |
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|
80,673 |
|
|
159,707 |
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|
138,050 |
|
Intersegment elimination |
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|
(2,652 |
) |
|
(9,638 |
) |
|
(10,782 |
) |
|
(11,010 |
) |
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|
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Total |
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$ |
2,308,318 |
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$ |
1,447,716 |
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$ |
4,276,949 |
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$ |
2,614,981 |
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Cost of product sold (exclusive of depreciation and amortization) |
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Petroleum |
|
$ |
1,866,155 |
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$ |
1,122,763 |
|
$ |
3,496,820 |
|
$ |
2,053,046 |
|
Nitrogen Fertilizer |
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|
10,725 |
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|
9,746 |
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|
23,323 |
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|
17,237 |
|
Intersegment elimination |
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|
(2,670 |
) |
|
(9,134 |
) |
|
(10,778 |
) |
|
(10,086 |
) |
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|
|
|
|
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Total |
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$ |
1,874,210 |
|
$ |
1,123,375 |
|
$ |
3,509,365 |
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$ |
2,060,197 |
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Direct operating expenses (exclusive of depreciation and amortization) |
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Petroleum |
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$ |
71,583 |
|
$ |
44,054 |
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$ |
164,286 |
|
$ |
89,464 |
|
Nitrogen Fertilizer |
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|
22,524 |
|
|
22,266 |
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|
45,361 |
|
|
45,290 |
|
Other |
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|
(8 |
) |
|
(113 |
) |
|
(34 |
) |
|
(113 |
) |
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|
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Total |
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$ |
94,099 |
|
$ |
66,207 |
|
$ |
209,613 |
|
$ |
134,641 |
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Insurance recovery—business interruption |
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Petroleum |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
Nitrogen Fertilizer |
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|
— |
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|
— |
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|
— |
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|
(2,870 |
) |
Other |
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|
— |
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— |
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— |
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|
— |
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|
|
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|
|
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Total |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
(2,870 |
) |
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|
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Depreciation and amortization |
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|
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|
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Petroleum |
|
$ |
26,638 |
|
$ |
16,966 |
|
$ |
52,897 |
|
$ |
33,882 |
|
Nitrogen Fertilizer |
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|
5,158 |
|
|
4,648 |
|
|
10,596 |
|
|
9,285 |
|
Other |
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|
394 |
|
|
429 |
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|
809 |
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|
887 |
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Total |
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$ |
32,190 |
|
$ |
22,043 |
|
$ |
64,302 |
|
$ |
44,054 |
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Operating income (loss) |
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Petroleum |
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$ |
248,856 |
|
$ |
183,537 |
|
$ |
383,752 |
|
$ |
289,227 |
|
Nitrogen Fertilizer |
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|
36,047 |
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|
39,346 |
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|
67,473 |
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|
56,112 |
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Other |
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|
(49,131 |
) |
|
(4,963 |
) |
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(74,945 |
) |
|
(17,813 |
) |
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Total |
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$ |
235,772 |
|
$ |
217,920 |
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$ |
376,280 |
|
$ |
327,526 |
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Capital expenditures |
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Petroleum |
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$ |
26,990 |
|
$ |
8,626 |
|
$ |
62,393 |
|
$ |
13,214 |
|
Nitrogen fertilizer |
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|
16,944 |
|
|
4,006 |
|
|
39,218 |
|
|
6,047 |
|
Other |
|
|
1,700 |
|
|
1,010 |
|
|
3,548 |
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|
1,718 |
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Total |
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$ |
45,634 |
|
$ |
13,642 |
|
$ |
105,159 |
|
$ |
20,979 |
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As of June 30,
2012 |
|
As of December 31,
2011 |
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(in thousands)
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|
Total assets |
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|
Petroleum |
|
$ |
2,540,013 |
|
$ |
2,322,148 |
|
Nitrogen Fertilizer |
|
|
639,703 |
|
|
659,309 |
|
Other |
|
|
104,998 |
|
|
137,834 |
|
|
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Total |
|
$ |
3,284,714 |
|
$ |
3,119,291 |
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Goodwill |
|
|
|
|
|
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|
Petroleum |
|
$ |
— |
|
$ |
— |
|
Nitrogen Fertilizer |
|
|
40,969 |
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|
40,969 |
|
Other |
|
|
— |
|
|
— |
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|
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|
Total |
|
$ |
40,969 |
|
$ |
40,969 |
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|