Condensed Consolidating Financial Information (Tables)

9 Months Ended

Sep. 30, 2012

Condensed Consolidating Financial Information [Abstract]

Condensed Consolidating Balance Sheet

Unaudited Condensed Consolidating Balance Sheet

September 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	$	11	$	—	$	14,753		$	697		$	—		$	15,461
Other current assets	744,217		—		387,772			38,521			(758,704		)	411,806
Total current assets	744,228		—		402,525			39,218			(758,704		)	427,267
Fixed assets, at cost	—		—		583,751			100,912			—			684,663
Less: Accumulated depreciation	—		—		(136,459		)	(12,253		)	—			(148,712		)
Net fixed assets	—		—		447,292			88,659			—			535,951
Goodwill	—		—		325,046			—			—			325,046
Other assets, net	19,152		—		257,694			158,875			(164,755		)	270,966
Equity investees	—		—		547,925			—			—			547,925
Investments in subsidiaries	1,007,650		—		100,005			—			(1,107,655		)	—
Total assets	$	1,771,030	$	—	$	2,080,487		$	286,752		$	(2,031,114	)	$	2,107,155
LIABILITIES AND PARTNERS’ CAPITAL
Current liabilities	$	9,173	$	—	$	1,047,542		$	19,987		$	(758,323	)	$	318,379
Senior secured credit facility	483,000		—		—			—			—			483,000
Senior unsecured notes	350,924		—		—			—			—			350,924
Deferred tax liabilities	—		—		11,598			—			—			11,598
Other liabilities	—		—		12,850			167,041			(164,570		)	15,321
Total liabilities	843,097		—		1,071,990			187,028			(922,893		)	1,179,222
Partners’ capital	927,933		—		1,008,497			99,724			(1,108,221		)	927,933
Total liabilities and partners’ capital	$	1,771,030	$	—	$	2,080,487		$	286,752		$	(2,031,114	)	$	2,107,155

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

Condensed Consolidating Statement Of Operations

Unaudited Condensed Consolidating Statement of Operations

Three Months Ended September 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	$	—		$	—	$	869,726	$	31,113		$	(25,646	)	$	875,193
Refinery services	—			—		48,809		4,367			(5,199		)	47,977
Pipeline transportation services	—			—		12,596		6,568			—			19,164
Total revenues	—			—		931,131		42,048			(30,845		)	942,334
COSTS AND EXPENSES:
Supply and logistics costs	—			—		852,009		26,488			(25,648		)	852,849
Refinery services operating costs	—			—		29,339		4,565			(4,661		)	29,243
Pipeline transportation operating costs	—			—		5,661		250			—			5,911
General and administrative	—			—		10,343		32			—			10,375
Depreciation and amortization	—			—		13,940		898			—			14,838
Total costs and expenses	—			—		911,292		32,233			(30,309		)	913,216
OPERATING INCOME	—			—		19,839		9,815			(536		)	29,118
Equity in earnings of subsidiaries	41,052			—		5,738		—			(46,790		)	—
Equity in earnings of equity investees	—			—		3,432		—			—			3,432
Interest (expense) income, net	(9,858		)	—		4,119		(4,134		)	—			(9,873		)
Income before income taxes	31,194			—		33,128		5,681			(47,326		)	22,677
Income tax benefit	—			—		8,509		8			—			8,517
NET INCOME	$	31,194		$	—	$	41,637	$	5,689		$	(47,326	)	$	31,194

Unaudited Condensed Consolidating Statement of Operations

Three Months Ended September 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	$	—		$	—	$	765,714		$	—		$	—		$	765,714
Refinery services	—			—		48,700			3,805			(4,113		)	48,392
Pipeline transportation services	—			—		9,388			6,706			—			16,094
Total revenues	—			—		823,802			10,511			(4,113		)	830,200
COSTS AND EXPENSES:
Supply and logistics costs	—			—		743,833			—			—			743,833
Refinery services operating costs	—			—		30,448			3,612			(3,924		)	30,136
Pipeline transportation operating costs	—			—		3,818			170			—			3,988
General and administrative	—			—		8,905			—			—			8,905
Depreciation and amortization	—			—		14,057			649			—			14,706
Total costs and expenses	—			—		801,061			4,431			(3,924		)	801,568
OPERATING INCOME	—			—		22,741			6,080			(189		)	28,632
Equity in losses of subsidiaries	28,032			—		1,945			—			(29,977		)	—
Equity in earnings of equity investees	—			—		(412		)	—			—			(412		)
Interest (expense) income, net	(8,944		)	—		4,226			(4,242		)	—			(8,960		)
Income before income taxes	19,088			—		28,500			1,838			(30,166		)	19,260
Income tax (expense) benefit	—			—		(233		)	61			—			(172		)
NET INCOME	$	19,088		$	—	$	28,267		$	1,899		$	(30,166	)	$	19,088

Unaudited Condensed Consolidating Statement of Operations

Nine Months Ended September 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	$	—		$	—	$	2,579,102	$	95,451		$	(76,744	)	$	2,597,809
Refinery services	—			—		142,716		13,756			(12,130		)	144,342
Pipeline transportation services	—			—		36,381		19,413			—			55,794
Total revenues	—			—		2,758,199		128,620			(88,874		)	2,797,945
COSTS AND EXPENSES:
Supply and logistics costs	—			—		2,525,474		83,250			(76,744		)	2,531,980
Refinery services operating costs	—			—		89,155		13,701			(11,784		)	91,072
Pipeline transportation operating costs	—			—		15,351		644			—			15,995
General and administrative	—			—		29,842		92			—			29,934
Depreciation and amortization	—			—		42,759		2,688			—			45,447
Total costs and expenses	—			—		2,702,581		100,375			(88,528		)	2,714,428
OPERATING INCOME	—			—		55,618		28,245			(346		)	83,517
Equity in earnings of subsidiaries	100,011			—		15,869		—			(115,880		)	—
Equity in earnings of equity investees	—			—		7,971		—			—			7,971
Interest (expense) income, net	(30,629		)	—		12,414		(12,482		)	—			(30,697		)
Income before income taxes	69,382			—		91,872		15,763			(116,226		)	60,791
Income tax benefit (expense)	—			—		8,630		(39		)	—			8,591
NET INCOME	$	69,382		$	—	$	100,502	$	15,724		$	(116,226	)	$	69,382

Unaudited Condensed Consolidating Statement of Operations

Nine Months Ended September 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	$	—		$	—	$	2,091,854		$	—		$	—		$	2,091,854
Refinery services	—			—		142,992			12,953			(10,644		)	145,301
Pipeline transportation services	—			—		26,292			19,341			—			45,633
Total revenues	—			—		2,261,138			32,294			(10,644		)	2,282,788
COSTS AND EXPENSES:
Supply and logistics costs	—			—		2,044,554			—			—			2,044,554
Refinery services operating costs	—			—		88,641			11,836			(10,491		)	89,986
Pipeline transportation operating costs	—			—		11,937			477			—			12,414
General and administrative	—			—		25,339			—			—			25,339
Depreciation and amortization	—			—		41,153			1,947			—			43,100
Total costs and expenses	—			—		2,211,624			14,260			(10,491		)	2,215,393
OPERATING INCOME	—			—		49,514			18,034			(153		)	67,395
Equity in earnings of subsidiaries	70,092			—		5,238			—			(75,330		)	—
Equity in earnings of equity investees	—			—		3,377			—			—			3,377
Interest (expense) income, net	(26,616		)	—		12,726			(12,780		)	—			(26,670		)
Income before income taxes	43,476			—		70,855			5,254			(75,483		)	44,102
Income tax expense	—			—		(467		)	(159		)	—			(626		)
NET INCOME	$	43,476		$	—	$	70,388		$	5,095		$	(75,483	)	$	43,476

Condensed Consolidating Statements Of Cash Flows

Unaudited Condensed Consolidating Statement of Cash Flows

Nine Months Ended September 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	$	(91,453	)	$	—	$	304,617		$	17,700		$	(87,926	)	$	142,938
CASH FLOWS FROM INVESTING ACTIVITIES:
Payments to acquire fixed and intangible assets	—			—		(112,665		)	(4,037		)	—			(116,702		)
Cash distributions received from equity investees - return of investment	27,878			—		10,918			—			(27,878		)	10,918
Investments in equity investees	(169,421		)	—		(57,072		)	—			169,421			(57,072		)
Acquisitions	—			—		(205,576		)	—			—			(205,576		)
Repayments on loan to non-guarantor subsidiary	—			—		3,019			—			(3,019		)	—
Proceeds from asset sales	—			—		667			—			—			667
Other, net	—			—		(1,012		)	—			—			(1,012		)
Net cash used in investing activities	(141,543		)	—		(361,721		)	(4,037		)	138,524			(368,777		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings on senior secured credit facility	1,407,000			—		—			—			—			1,407,000
Repayments on senior secured credit facility	(1,333,300		)	—		—			—			—			(1,333,300		)
Proceeds from issuance of senior unsecured notes, including premium	101,000			—		—			—			—			101,000
Debt issuance costs	(7,109		)	—		—			—			—			(7,109		)
Issuance of common units for cash, net	169,421			—		169,421			—			(169,421		)	169,421
Distributions to partners/owners	(104,008		)	—		(104,008		)	(11,819		)	115,827			(104,008		)
Other, net	—			—		(2,738		)	(2,779		)	2,996			(2,521		)
Net cash provided by (used in) financing activities	233,004			—		62,675			(14,598		)	(50,598		)	230,483
Net increase (decrease) in cash and cash equivalents	8			—		5,571			(935		)	—			4,644
Cash and cash equivalents at beginning of period	3			—		9,182			1,632			—			10,817
Cash and cash equivalents at end of period	$	11		$	—	$	14,753		$	697		$	—		$	15,461

Unaudited Condensed Consolidating Statement of Cash Flows

Nine Months Ended September 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	$	(4,881	)	$	—	$	41,160		$	2,844		$	23		$	39,146
CASH FLOWS FROM INVESTING ACTIVITIES:
Payments to acquire fixed and intangible assets	—			—		(15,060		)	(97		)	—			(15,157		)
Cash distributions received from equity investees - return of investment	82,067			—		8,577			—			(82,067		)	8,577
Investments in equity investees	(184,969		)	—		(194		)	—			184,969			(194		)
Acquisitions	—			—		(143,489		)	—			—			(143,489		)
Repayments on loan to non-guarantor subsidiary	—			—		2,729			—			(2,729		)	—
Proceeds from asset sales	—			—		4,444			—			—			4,444
Other, net	—			—		129			—			—			129
Net cash used in investing activities	(102,902		)	—		(142,864		)	(97		)	100,173			(145,690		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings on senior secured credit facility	571,700			—		—			—			—			571,700
Repayments on senior secured credit facility	(563,800		)	—		—			—			—			(563,800		)
Debt issuance costs	(3,018		)	—		—			—			—			(3,018		)
Distributions to partners/owners	(82,067		)	—		(82,067		)	—			82,067			(82,067		)
Issuance of common units for cash, net	184,969			—		184,969			—			(184,969		)	184,969
Other, net	—			—		(2,626		)	(2,706		)	2,706			(2,626		)
Net cash provided by (used in) financing activities	107,784			—		100,276			(2,706		)	(100,196		)	105,158
Net increase (decrease) in cash and cash equivalents	1			—		(1,428		)	41			—			(1,386		)
Cash and cash equivalents at beginning of period	1			—		5,082			679			—			5,762
Cash and cash equivalents at end of period	$	2		$	—	$	3,654		$	720		$	—		$	4,376