Segments

3 Months Ended

Jun. 30, 2019

The following table summarizes revenues related to our segments. Transactions between segments are recorded based on prices negotiated between the segments. The “Corporate and Other” category in the table below includes certain corporate expenses that are not allocated to the reportable segments. The table below does not include amounts related to our former Retail Propane segment, as these amounts has been classified within discontinued operations in our unaudited condensed consolidated statements of operations (see Note 16).



	Three Months Ended June 30,
	2019			2018
	(in thousands)
Revenues:
Crude Oil Logistics:
Topic 606 revenues
Crude oil sales	$	682,069		$	756,511
Crude oil transportation and other	39,997			28,546
Non-Topic 606 revenues	3,621			3,298
Elimination of intersegment sales	(9,527		)	(4,525		)
Total Crude Oil Logistics revenues	716,160			783,830
Water Solutions:
Topic 606 revenues
Disposal service fees	51,140			54,004
Sale of recovered hydrocarbons	14,335			20,378
Freshwater revenues	2,096			500
Other service revenues	4,212			1,251
Non-Topic 606 revenues	—			12
Total Water Solutions revenues	71,783			76,145
Liquids:
Topic 606 revenues
Propane sales	139,374			186,489
Butane sales	82,225			113,200
Other product sales	114,605			151,805
Service revenues	8,787			5,671
Non-Topic 606 revenues	3,845			4,397
Elimination of intersegment sales	(1,189		)	(1,665		)
Total Liquids revenues	347,647			459,897
Refined Products and Renewables:
Topic 606 revenues
Refined products sales	1,412,158			1,428,212
Service fees and other revenues	511			4,750
Non-Topic 606 revenues	4,089,377			3,091,445
Total Refined Products and Renewables revenues	5,502,046			4,524,407
Corporate and Other:
Non-Topic 606 revenues	255			376
Elimination of intersegment sales	—			(221		)
Total Corporate and Other revenues	255			155
Total revenues	$	6,637,891		$	5,844,434

The following tables summarize depreciation and amortization expense and operating income (loss) by segment for the periods indicated.



	Three Months Ended June 30,
	2019			2018
	(in thousands)
Depreciation and Amortization:
Crude Oil Logistics	$	17,585		$	19,309
Water Solutions	28,223			25,309
Liquids	7,251			6,505
Refined Products and Renewables	1,928			1,669
Corporate and Other	2,868			3,147
Total depreciation and amortization	$	57,855		$	55,939

Operating Income (Loss):
Crude Oil Logistics	$	33,802		$	(99,738	)
Water Solutions	13,689			969
Liquids	8,484			2,623
Refined Products and Renewables	5,920			29,022
Corporate and Other	(15,342		)	(17,430		)
Total operating income (loss)	$	46,553		$	(84,554	)

The following table summarizes additions to property, plant and equipment and intangible assets by segment for the periods indicated. This information has been prepared on the accrual basis, and includes property, plant and equipment and intangible assets acquired in acquisitions. The information below does not include goodwill by segment.



	Three Months Ended June 30,
	2019		2018
	(in thousands)
Crude Oil Logistics	$	14,805	$	8,382
Water Solutions	203,900		130,422
Liquids	5,549		992
Refined Products and Renewables	4		—
Corporate and Other	739		331
Total	$	224,997	$	140,127

The following tables summarize long-lived assets (consisting of property, plant and equipment, intangible assets, and goodwill) and total assets by segment at the dates indicated:



	June 30, 2019		March 31, 2019
	(in thousands)
Long-lived assets, net:
Crude Oil Logistics	$	1,610,899	$	1,584,636
Water Solutions	1,791,345		1,600,836
Liquids (1)	631,416		498,767
Refined Products and Renewables	554,915		217,881
Corporate and Other	29,716		26,569
Total	$	4,618,291	$	3,928,689


(1)	Includes $29.0 million and $0.5 million of non-US long-lived assets at June 30, 2019 and March 31, 2019, respectively.



	June 30, 2019		March 31, 2019
	(in thousands)
Total assets:
Crude Oil Logistics	$	2,177,945	$	2,237,612
Water Solutions	1,862,624		1,668,292
Liquids (1)	837,184		721,008
Refined Products and Renewables	1,435,978		1,198,562
Corporate and Other	81,174		77,019
Total	$	6,394,905	$	5,902,493

(1)

Includes $41.8 million and $12.0 million of non-US total assets at June 30, 2019 and March 31, 2019, respectively.