Segments (Tables)

6 Months Ended

Sep. 30, 2019

Segment Reporting [Abstract]

Schedule of certain information related to results of operations by segment

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.

	Three Months Ended September 30,						Six Months Ended September 30,
	2019			2018			2019			2018
	(in thousands)
Revenues:
Crude Oil Logistics:
Topic 606 revenues
Crude oil sales	$	596,674		$	825,571		$	1,278,743		$	1,582,082
Crude oil transportation and other	43,157			38,483			83,154			67,029
Non-Topic 606 revenues	3,619			3,084			7,240			6,382
Elimination of intersegment sales	(2,298		)	(7,084		)	(11,825		)	(11,609		)
Total Crude Oil Logistics revenues	641,152			860,054			1,357,312			1,643,884
Water Solutions:
Topic 606 revenues
Disposal service fees	80,209			58,099			131,349			112,103
Sale of recovered hydrocarbons	14,761			18,348			29,096			38,726
Freshwater revenues	2,007			788			4,103			1,288
Other service revenues	4,272			2,516			8,484			3,767
Non-Topic 606 revenues	—			13			—			25
Total Water Solutions revenues	101,249			79,764			173,032			155,909
Liquids:
Topic 606 revenues
Propane sales	115,778			234,892			255,152			421,381
Butane sales	87,821			145,847			170,046			259,047
Other product sales	116,461			168,496			231,066			320,301
Service revenues	8,262			4,222			17,049			9,893
Non-Topic 606 revenues	5,307			5,795			9,152			10,192
Elimination of intersegment sales	(5,120		)	(8,810		)	(6,309		)	(10,475		)
Total Liquids revenues	328,509			550,442			676,156			1,010,339
Refined Products and Renewables:
Topic 606 revenues
Refined products sales	810,409			934,410			1,643,228			1,748,481
Non-Topic 606 revenues	2,407,753			2,690,713			5,605,514			4,815,687
Total Refined Products and Renewables revenues	3,218,162			3,625,123			7,248,742			6,564,168
Corporate and Other:
Non-Topic 606 revenues	264			371			519			747
Elimination of intersegment sales	—			221			—			—
Total Corporate and Other revenues	264			592			519			747
Total revenues	$	4,289,336		$	5,115,975		$	9,455,761		$	9,375,047

The following tables summarize depreciation and amortization expense (including amortization expense recorded within interest expense, cost of sales and operating expenses in Note 7 and Note 8) and operating income (loss) by segment for the periods indicated.

	Three Months Ended September 30,						Six Months Ended September 30,
	2019			2018			2019			2018
	(in thousands)
Depreciation and Amortization:
Crude Oil Logistics	$	17,693		$	18,870		$	35,278		$	38,179
Water Solutions	38,031			26,342			66,254			51,651
Liquids	6,634			6,495			13,885			13,000
Refined Products and Renewables	190			233			381			466
Corporate and Other	3,031			3,218			5,899			6,365
Total depreciation and amortization	$	65,579		$	55,158		$	121,697		$	109,661
Operating Income (Loss):
Crude Oil Logistics	$	38,520		$	31,022		$	72,322		$	(68,716	)
Water Solutions	21,274			9,770			34,963			10,739
Liquids	8,397			10,758			16,881			13,381
Refined Products and Renewables	16,681			(1,851		)	12,282			(66,266		)
Corporate and Other	(38,477		)	(35,352		)	(53,819		)	(52,782		)
Total operating income (loss)	$	46,395		$	14,347		$	82,629		$	(163,644	)

Schedule of additions to property, plant and equipment and intangible assets by segment

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 September 30,				Six Months Ended September 30,
	2019		2018		2019		2018
	(in thousands)
Crude Oil Logistics	$	4,059	$	7,150	$	18,864	$	15,532
Water Solutions	941,511		217,073		1,145,411		347,495
Liquids	5,275		389		10,824		1,381
Refined Products and Renewables	220		—		224		—
Corporate and Other	2,319		267		3,058		598
Total	$	953,384	$	224,879	$	1,178,381	$	365,006

Schedule of long-lived assets (consisting of property, plant and equipment, intangible assets, operating lease right-of-use assets and goodwill) and total assets by segment

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

	September 30, 2019		March 31, 2019
	(in thousands)
Long-lived assets, net:
Crude Oil Logistics	$	1,595,979	$	1,584,636
Water Solutions	2,746,489		1,600,836
Liquids (1)	625,794		498,767
Refined Products and Renewables	58,641		32,170
Corporate and Other	32,722		26,569
Total	$	5,059,625	$	3,742,978

(1) Includes $28.4 million and $0.5 million of non-US long-lived assets at September 30, 2019 and March 31, 2019, respectively.

	September 30, 2019		March 31, 2019
	(in thousands)
Total assets:
Crude Oil Logistics	$	2,188,858	$	2,237,612
Water Solutions	2,851,109		1,668,292
Liquids (1)	844,059		721,008
Refined Products and Renewables	622,713		579,254
Corporate and Other	157,284		77,019
Assets held for sale	—		619,308
Total	$	6,664,023	$	5,902,493

(1) Includes $46.0 million and $12.0 million of non-US total assets at September 30, 2019 and March 31, 2019, respectively.

All of the tables above do not include amounts related to TPSL and our former Retail Propane segment, as these amounts have been classified within discontinued operations in our unaudited condensed consolidated statements of operations and held for sale within our March 31, 2019 unaudited condensed consolidated balance sheet (see Note 16).