Condensed Consolidating Financial Information (Tables)

6 Months Ended

Jun. 30, 2012

Condensed Consolidating Financial Information [Abstract]

Condensed Consolidating Balance Sheet

Unaudited Condensed Consolidating Balance Sheet

June 30, 2012

	Genesis Energy, L.P. (Parent and Co-Issuer)		Genesis Energy Finance Corporation (Co-Issuer)		Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Genesis Energy, L.P. Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	2	$	—	$	14,653		$	387		$	—		$	15,042
Other current assets	712,588		—		306,465			32,011			(724,383		)	326,681
Total current assets	712,590		—		321,118			32,398			(724,383		)	341,723
Fixed assets, at cost	—		—		553,860			98,318			—			652,178
Less: Accumulated depreciation	—		—		(128,585		)	(11,341		)	—			(139,926		)
Net fixed assets	—		—		425,275			86,977			—			512,252
Goodwill	—		—		325,046			—			—			325,046
Other assets, net	15,633		—		263,517			160,069			(165,786		)	273,433
Equity investees	—		—		547,896			—			—			547,896
Investments in subsidiaries	1,003,161		—		98,668			—			(1,101,829		)	—
Total assets	$	1,731,384	$	—	$	1,981,520		$	279,444		$	(1,991,998	)	$	2,000,350
LIABILITIES AND PARTNERS’ CAPITAL
Current liabilities	$	2,129	$	—	$	944,407		$	13,787		$	(724,542	)	$	235,781
Senior secured credit facility	445,000		—		—			—			—			445,000
Senior unsecured notes	350,953		—		—			—			—			350,953
Deferred tax liabilities	—		—		12,110			—			—			12,110
Other liabilities	—		—		21,042			167,763			(165,601		)	23,204
Total liabilities	798,082		—		977,559			181,550			(890,143		)	1,067,048
Partners’ capital	933,302		—		1,003,961			97,894			(1,101,855		)	933,302
Total liabilities and partners’ capital	$	1,731,384	$	—	$	1,981,520		$	279,444		$	(1,991,998	)	$	2,000,350

Unaudited Condensed Consolidating Balance Sheet

December 31, 2011

	Genesis Energy, L.P. (Parent and Co-Issuer)		Genesis Energy Finance Corporation (Co-Issuer)		Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Genesis Energy, L.P. Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	3	$	—	$	9,182		$	1,632		$	—		$	10,817
Other current assets	597,966		—		341,131			31,897			(605,707		)	365,287
Total current assets	597,969		—		350,313			33,529			(605,707		)	376,104
Fixed assets, at cost	—		—		444,262			96,876			—			541,138
Less: Accumulated depreciation	—		—		(114,655		)	(9,558		)	—			(124,213		)
Net fixed assets	—		—		329,607			87,318			—			416,925
Goodwill	—		—		325,046			—			—			325,046
Other assets, net	14,773		—		276,450			162,373			(167,774		)	285,822
Equity investees	—		—		326,947			—			—			326,947
Investments in subsidiaries	841,725		—		96,303			—			(938,028		)	—
Total assets	$	1,454,467	$	—	$	1,704,666		$	283,220		$	(1,711,509	)	$	1,730,844
LIABILITIES AND PARTNERS’ CAPITAL
Current liabilities	$	2,529	$	—	$	835,013		$	17,562		$	(605,676	)	$	249,428
Senior secured credit facility	409,300		—		—			—			—			409,300
Senior unsecured notes	250,000		—		—			—			—			250,000
Deferred tax liabilities	—		—		12,549			—			—			12,549
Other liabilities	—		—		14,673			169,842			(167,586		)	16,929
Total liabilities	661,829		—		862,235			187,404			(773,262		)	938,206
Partners’ capital	792,638		—		842,431			95,816			(938,247		)	792,638
Total liabilities and partners’ capital	$	1,454,467	$	—	$	1,704,666		$	283,220		$	(1,711,509	)	$	1,730,844

Unaud

Condensed Consolidating Statement Of Operations

Unaudited Condensed Consolidating Statement of Operations

Three Months Ended June 30, 2012

	Genesis Energy, L.P. (Parent and Co-Issuer)			Genesis Energy Finance Corporation (Co-Issuer)		Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Genesis Energy, L.P. Consolidated
REVENUES:
Supply and logistics	$	—		$	—	$	849,469	$	32,159		$	(24,501	)	$	857,127
Refinery services	—			—		45,311		6,744			(3,735		)	48,320
Pipeline transportation services	—			—		10,869		6,352			—			17,221
Total revenues	—			—		905,649		45,255			(28,236		)	922,668
COSTS AND EXPENSES:
Supply and logistics costs	—			—		829,597		28,022			(24,499		)	833,120
Refinery services operating costs	—			—		29,175		6,087			(4,212		)	31,050
Pipeline transportation operating costs	—			—		4,856		176			—			5,032
General and administrative	—			—		9,937		30			—			9,967
Depreciation and amortization	—			—		14,459		898			—			15,357
Net loss on disposal of surplus assets	—			—		473		—			—			473
Total costs and expenses	—			—		888,497		35,213			(28,711		)	894,999
OPERATING INCOME	—			—		17,152		10,042			475			27,669
Equity in earnings of subsidiaries	28,791			—		5,809		—			(34,600		)	—
Equity in earnings of equity investees	—			—		1,047		—			—			1,047
Interest (expense) income, net	(10,207		)	—		4,141		(4,162		)	—			(10,228		)
Income before income taxes	18,584			—		28,149		5,880			(34,125		)	18,488
Income tax benefit (expense)	—			—		216		(120		)	—			96
NET INCOME	$	18,584		$	—	$	28,365	$	5,760		$	(34,125	)	$	18,584

Unaudited Condensed Consolidating Statement of Operations

Three Months Ended June 30, 2011

	Genesis Energy, L.P. (Parent and Co-Issuer)			Genesis Energy Finance Corporation (Co-Issuer)		Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Genesis Energy, L.P. Consolidated
REVENUES:
Supply and logistics	$	—		$	—	$	698,343	$	—		$	—		$	698,343
Refinery services	—			—		46,782		4,668			(2,087		)	49,363
Pipeline transportation services	—			—		8,983		6,101			—			15,084
Total revenues	—			—		754,108		10,769			(2,087		)	762,790
COSTS AND EXPENSES:
Supply and logistics costs	—			—		679,357		—			—			679,357
Refinery services operating costs	—			—		28,675		4,004			(2,415		)	30,264
Pipeline transportation operating costs	—			—		4,210		146			—			4,356
General and administrative	—			—		8,380		—			—			8,380
Depreciation and amortization	—			—		13,604		649			—			14,253
Net loss on disposal of surplus assets	—			—		249		—			—			249
Total costs and expenses	—			—		734,475		4,799			(2,415		)	736,859
OPERATING INCOME	—			—		19,633		5,970			328			25,931
Equity in earnings of subsidiaries	26,352			—		1,577		—			(27,929		)	—
Equity in earnings of equity investees	—			—		592		—			—			592
Interest (expense) income, net	(8,994		)	—		4,241		(4,258		)	—			(9,011		)
Income before income taxes	17,358			—		26,043		1,712			(27,601		)	17,512
Income tax benefit (expense)	—			—		30		(184		)	—			(154		)
NET INCOME	$	17,358		$	—	$	26,073	$	1,528		$	(27,601	)	$	17,358

Unaudited Condensed Consolidating Statement of Operations

Six Months Ended June 30, 2012

	Genesis Energy, L.P. (Parent and Co-Issuer)			Genesis Energy Finance Corporation (Co-Issuer)		Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Genesis Energy, L.P. Consolidated
REVENUES:
Supply and logistics	$	—		$	—	$	1,709,376	$	64,338		$	(51,098	)	$	1,722,616
Refinery services	—			—		93,907		9,389			(6,931		)	96,365
Pipeline transportation services	—			—		23,785		12,845			—			36,630
Total revenues	—			—		1,827,068		86,572			(58,029		)	1,855,611
COSTS AND EXPENSES:
Supply and logistics costs	—			—		1,673,465		56,762			(51,096		)	1,679,131
Refinery services operating costs	—			—		59,816		9,136			(7,123		)	61,829
Pipeline transportation operating costs	—			—		9,690		394			—			10,084
General and administrative	—			—		19,499		60			—			19,559
Depreciation and amortization	—			—		28,602		1,790			—			30,392
Net loss on disposal of surplus assets	—			—		217		—			—			217
Total costs and expenses	—			—		1,791,289		68,142			(58,219		)	1,801,212
OPERATING INCOME	—			—		35,779		18,430			190			54,399
Equity in earnings of subsidiaries	58,959			—		10,131		—			(69,090		)	—
Equity in earnings of equity investees				—		4,539		—						4,539
Interest (expense) income, net	(20,771		)	—		8,295		(8,348		)	—			(20,824		)
Income before income taxes	38,188			—		58,744		10,082			(68,900		)	38,114
Income tax benefit (expense)	—			—		121		(47		)	—			74
NET INCOME	$	38,188		$	—	$	58,865	$	10,035		$	(68,900	)	$	38,188

Unaudited Condensed Consolidating Statement of Operations

Six Months Ended June 30, 2011

	Genesis Energy, L.P. (Parent and Co-Issuer)			Genesis Energy Finance Corporation (Co-Issuer)		Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Genesis Energy, L.P. Consolidated
REVENUES:
Supply and logistics	$	—		$	—	$	1,326,140		$	—		$	—		$	1,326,140
Refinery services	—			—		94,292			9,148			(6,531		)	96,909
Pipeline transportation services	—			—		16,904			12,635			—			29,539
Total revenues	—			—		1,437,336			21,783			(6,531		)	1,452,588
COSTS AND EXPENSES:
Supply and logistics costs	—			—		1,300,721			—			—			1,300,721
Refinery services operating costs	—			—		58,193			8,224			(6,567		)	59,850
Pipeline transportation operating costs	—			—		8,119			307			—			8,426
General and administrative	—			—		16,434			—			—			16,434
Depreciation and amortization	—			—		26,858			1,298			—			28,156
Net loss on disposal of surplus assets	—			—		238			—			—			238
Total costs and expenses	—			—		1,410,563			9,829			(6,567		)	1,413,825
OPERATING INCOME	—			—		26,773			11,954			36			38,763
Equity in earnings of subsidiaries	42,060			—		3,293			—			(45,353		)	—
Equity in earnings of equity investees	—			—		3,789			—			—			3,789
Interest (expense) income, net	(17,672		)	—		8,500			(8,538		)	—			(17,710		)
Income before income taxes	24,388			—		42,355			3,416			(45,317		)	24,842
Income tax expense	—			—		(234		)	(220		)	—			(454		)
NET INCOME	$	24,388		$	—	$	42,121		$	3,196		$	(45,317	)	$	24,388

Condensed Consolidating Statements Of Cash Flows

Unaudited Condensed Consolidating Statement of Cash Flows

Six Months Ended June 30, 2012

	Genesis Energy, L.P. (Parent and Co-Issuer)			Genesis Energy Finance Corporation (Co-Issuer)		Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Genesis Energy, L.P. Consolidated
Net cash (used in) provided by operating activities	$	(86,721	)	$	—	$	231,807		$	10,216		$	(56,023	)	$	99,279
CASH FLOWS FROM INVESTING ACTIVITIES:
Payments to acquire fixed and intangible assets	—			—		(78,937		)	(1,441		)	—			(80,378		)
Cash distributions received from equity investees - return of investment	20,155			—		7,309			—			(20,155		)	7,309
Investments in equity investees	(169,421		)	—		(52,226		)	—			170,216			(51,431		)
Acquisitions	—			—		(205,576		)	—			—			(205,576		)
Repayments on loan to non-guarantor subsidiary	—			—		1,987			—			(1,987		)	—
Other, net	—			—		534			(795		)	—			(261		)
Net cash used in by investing activities	(149,266		)	—		(326,909		)	(2,236		)	148,074			(330,337		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings on senior secured credit facility	700,700			—		—			—			—			700,700
Repayments on senior secured credit facility	(665,000		)	—		—			—			—			(665,000		)
Proceeds from issuance of senior unsecured notes, including premium	101,000			—		—			—			—			101,000
Senior unsecured notes issuance costs	(2,690		)	—		—			—			—			(2,690		)
Issuance of ownership interests to partners for cash	169,421			—		169,421			795			(170,216		)	169,421
Distributions to partners/owners	(67,445		)	—		(67,445		)	(8,750		)	76,195			(67,445		)
Other, net	—			—		(1,403		)	(1,270		)	1,970			(703		)
Net cash provided by (used in) financing activities	235,986			—		100,573			(9,225		)	(92,051		)	235,283
Net (decrease) increase in cash and cash equivalents	(1		)	—		5,471			(1,245		)	—			4,225
Cash and cash equivalents at beginning of period	3			—		9,182			1,632			—			10,817
Cash and cash equivalents at end of period	$	2		$	—	$	14,653		$	387		$	—		$	15,042

Unaudited Condensed Consolidating Statement of Cash Flows

Six Months Ended June 30, 2011

	Genesis Energy, L.P. (Parent and Co-Issuer)			Genesis Energy Finance Corporation (Co-Issuer)		Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Genesis Energy, L.P. Consolidated
Net cash (used in) provided by operating activities	$	(45,998	)	$	—	$	53,434		$	1,971		$	15		$	9,422
CASH FLOWS FROM INVESTING ACTIVITIES:
Payments to acquire fixed and intangible assets	—			—		(9,328		)	—			—			(9,328		)
Cash distributions received from equity investees - return of investment	52,189			—		6,096			—			(52,189		)	6,096
Investments in equity investees	—			—		(194		)	—			—			(194		)
Repayments on loan to non-guarantor subsidiary	—			—		1,796			—			(1,796		)	—
Other, net	—			—		1,041			—			—			1,041
Net cash provided by (used in) investing activities	52,189			—		(589		)	—			(53,985		)	(2,385		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings on senior secured credit facility	267,900			—		—			—			—			267,900
Repayments on senior secured credit facility	(221,900		)	—		—			—			—			(221,900		)
Distributions to partners/owners	(52,189		)	—		(52,189		)	—			52,189			(52,189		)
Other, net	—			—		(1,176		)	(1,781		)	1,781			(1,176		)
Net cash used in financing activities	(6,189		)	—		(53,365		)	(1,781		)	53,970			(7,365		)
Net increase (decrease) in cash and cash equivalents	2			—		(520		)	190			—			(328		)
Cash and cash equivalents at beginning of period	1			—		5,082			679			—			5,762
Cash and cash equivalents at end of period	$	3		$	—	$	4,562		$	869		$	—		$	5,434