Transactions with Affiliates

3 Months Ended

Jun. 30, 2016

Related Party Transactions [Abstract]

Transactions with Affiliates

Transactions with Affiliates

SemGroup Corporation (“SemGroup”) holds ownership interests in our general partner. We sell product to and purchase product from SemGroup, and these transactions are included within revenues and cost of sales, respectively, in our condensed consolidated statements of operations. We also lease crude oil storage from SemGroup.

We purchase ethanol from an equity method investee. These transactions are reported within cost of sales in our condensed consolidated statements of operations.

Certain members of our management and members of their families as well as other associated parties own interests in entities from which we have purchased products and services and to which we have sold products and services. During the three months endedJune 30, 2016, $7.5 million of these transactions were capital expenditures and were recorded as increases to property, plant and equipment.

The following table summarizes these related party transactions for the periods indicated:

	Three Months Ended June 30,
	2016		2015
	(in thousands)
Sales to SemGroup	$	71	$	37,438
Purchases from SemGroup	2,025		38,825
Sales to equity method investees	405		1,390
Purchases from equity method investees	30,647		30,948
Sales to entities affiliated with management	77		107
Purchases from entities affiliated with management	8,243		7,180

Accounts receivable from affiliates consist of the following at the dates indicated:

	June 30, 2016		March 31, 2016
	(in thousands)
Receivables from SemGroup	$	3,675	$	1,166
Receivables from equity method investees	—		14,446
Receivables from entities affiliated with management	77		13
Total	$	3,752	$	15,625

Accounts payable to affiliates consist of the following at the dates indicated:

	June 30, 2016		March 31, 2016
	(in thousands)
Payables to SemGroup	$	4,336	$	1,823
Payables to equity method investees	548		3,947
Payables to entities affiliated with management	3,585		1,423
Total	$	8,469	$	7,193

We also have a loan receivable of $1.0 million at June 30, 2016 from an equity method investee with an initial maturity date of March 31, 2021, which can be extended for successive one-year periods unless one of the parties terminates the loan agreement.

We had a loan receivable of $22.3 million at March 31, 2016 from an equity method investee. During the three months endedJune 30, 2016, we received loan payments of $0.7 million from our investee in accordance with the loan agreement. On June 3, 2016, we acquired the remaining65%ownership interest in this equity method investee (see Note 4) and this loan receivable is now eliminated upon consolidation.