Segment Data (Tables)

12 Months Ended

Dec. 31, 2020

Schedule of Segment Reporting Information, by Segment

The following is a summary of business segment operating performance as measured by contribution margin for the periods indicated (in thousands):


	Year Ended December 31,
	2020		2019		2018
Pipelines and Transportation
Net revenues:
Affiliate	$	233,873	$	155,211	$	138,418
Third party	17,596		23,107		15,149
Total pipelines and transportation	251,469		178,318		153,567
Cost of materials and other	45,934		22,826		19,878
Operating expenses (excluding depreciation and amortization)	42,267		54,827		39,934
Segment contribution margin	$	163,268	$	100,665	$	93,755







Capital spending (1)	$	7,631	$	6,600	$	6,840

Wholesale Marketing and Terminalling
Net revenues:
Affiliate (2)	$	148,793	$	105,803	$	102,391
Third party	163,156		299,871		401,651
Total wholesale marketing and terminalling	311,949		405,674		504,042
Cost of materials and other	223,160		313,647		409,183
Operating expenses (excluding depreciation and amortization)	14,012		19,330		18,810
Segment contribution margin	$	74,777	$	72,697	$	76,049







Capital spending (1)	$	7,818	$	3,387	$	4,725

Consolidated
Net revenues:
Affiliate	$	382,666	$	261,014	$	240,809
Third party	180,752		322,978		416,800
Total Consolidated	563,418		583,992		657,609

Cost of materials and other	269,094		336,473		429,061
Operating expenses (excluding depreciation and amortization presented below)	56,279		74,157		58,744
Contribution margin	238,045		173,362		169,804



General and administrative expenses	22,587		20,815		17,166
Depreciation and amortization	35,731		26,701		25,990
Other operating (income) expense, net	(66)		34		891
Operating income	$	179,793	$	125,812	$	125,757
Capital spending (1)	$	15,449	$	9,987	$	11,565

(1) Capital spending excludes transaction costs capitalized in the amount of $0.4 million that relate to the Big Spring Logistics Assets Acquisition for the year ended December 31, 2018. Additionally, capital spending for the year ended December 31, 2020, excludes transaction costs capitalized in the amount of $0.3 million that relate to the Trucking Assets Acquisition and $0.7 million that relate to the Big Spring Gathering Assets Acquisition.

(2) Affiliate revenue for the wholesale marketing and terminalling segment is presented net of amortization expense pertaining to the Marketing Contract Intangible Acquisition. See Note 3 for additional information.

The following table summarizes the total assets for each segment as of December 31, 2020 and 2019 (in thousands). Assets for each segment includes property, plant and equipment, equity method investments, intangible assets and inventory.


	Year Ended December 31,
	2020		2019
Pipelines and transportation	$	723,317	$	509,666
Wholesale marketing and terminalling	206,918		214,259
Other	26,182		20,522
Total assets	$	956,417	$	744,447