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Quarterly Financial Data
12 Months Ended
Dec. 31, 2012
Quarterly Financial Data [Abstract]  
Quarterly Financial Data (Unaudited)
22. Quarterly Financial Data (Unaudited)
The table below summarizes our unaudited quarterly financial data for 2012 and 2011. 
 
2012 Quarters
 
Total
 
First
 
Second
 
Third
 
Fourth
 
Year
Revenues
$
960,717

 
$
1,013,431

 
$
1,041,837

 
$
1,054,072

 
$
4,070,057

Operating income
$
26,730

 
$
27,669

 
$
29,118

 
$
30,173

 
$
113,690

Net income attributable to Genesis Energy, L.P.
$
19,604

 
$
18,584

 
$
31,194

 
$
26,937

 
$
96,319

Net income per common unit—basic and diluted
$
0.27

 
$
0.23

 
$
0.39

 
$
0.34

 
$
1.23

Cash distributions per common unit (1)
$
0.4400

 
$
0.4500

 
$
0.4600

 
$
0.4725

 
$
1.8225

 
2011 Quarters
 
Total
 
First
 
Second
 
Third
 
Fourth
 
Year
Revenues
$
689,798

 
$
762,790

 
$
830,200

 
$
806,881

 
$
3,089,669

Operating income
$
12,832

 
$
25,931

 
$
28,632

 
$
15,057

 
$
82,452

Net income attributable to Genesis Energy, L.P.
$
7,030

 
$
17,358

 
$
19,088

 
$
7,773

 
$
51,249

Net income per common unit—basic and diluted
$
0.11

 
$
0.27

 
$
0.27

 
$
0.10

 
$
0.75

Cash distributions per common unit (1)
$
0.4000

 
$
0.4075

 
$
0.4150

 
$
0.4275

 
$
1.6500

 
(1)
Represents cash distributions declared and paid in the applicable period.

Immaterial Restatement
Annual amounts for revenues and cost of sales for 2012 include corrections to previously reported quarterly amounts for each of the first three quarters of 2012. These corrections were made to present certain sales transactions on a gross basis that previously had been recorded on a net basis. Amounts as reported and as adjusted are reflected in the table below. The corrections had no effect on previously reported operating income, net income or Segment Margin. There was no impact on 2011 results.
 
 
2012 Quarters
AS REPORTED:
 
First
 
Second
 
Third
REVENUES:
 
 
 
 
 
 
Supply and logistics
 
$
865,489

 
$
857,127

 
$
875,193

Total revenues
 
$
932,943

 
$
922,668

 
$
942,334

COSTS AND EXPENSES:
 
 
 
 
 
 
Supply and logistics product costs
 
$
808,095

 
$
792,413

 
$
811,896

Total costs and expenses
 
$
906,213

 
$
894,999

 
$
913,216

OPERATING INCOME
 
$
26,730

 
$
27,669

 
$
29,118

 
 
 
 
 
 
 
 
 
2012 Quarters
AS ADJUSTED:
 
First
 
Second
 
Third
REVENUES:
 
 
 
 
 
 
Supply and logistics
 
$
893,263

 
$
947,890

 
$
974,696

Total revenues
 
$
960,717

 
$
1,013,431

 
$
1,041,837

COSTS AND EXPENSES:
 
 
 
 
 
 
Supply and logistics product costs
 
$
835,869

 
$
883,176

 
$
911,399

Total costs and expenses
 
$
933,987

 
$
985,762

 
$
1,012,719

OPERATING INCOME
 
$
26,730

 
$
27,669

 
$
29,118