Condensed Consolidating Financial Information (Tables)

12 Months Ended

Dec. 31, 2012

Condensed Consolidating Financial Information [Abstract]

Condensed Consolidating Balance Sheet

Condensed Consolidating Balance Sheet
December 31, 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	$	10	$	—	$	11,214		$	58		$	—		$	11,282
Other current assets	745,589		—		367,837			41,533			(762,207		)	392,752
Total current assets	745,599		—		379,051			41,591			(762,207		)	404,034
Fixed Assets, at cost	—		—		617,519			105,706			—			723,225
Less: Accumulated depreciation	—		—		(144,882		)	(13,062		)	—			(157,944		)
Net fixed assets	—		—		472,637			92,644			—			565,281
Goodwill	—		—		325,046			—			—			325,046
Other assets, net	17,737		—		254,423			157,604			(163,696		)	266,068
Equity investees and other investments	—		—		549,235			—			—			549,235
Investments in subsidiaries	1,006,415		—		102,707			—			(1,109,122		)	—
Total assets	$	1,769,751	$	—	$	2,083,099		$	291,839		$	(2,035,025	)	$	2,109,664
LIABILITIES AND PARTNERS’ CAPITAL
Current liabilities	$	2,361	$	—	$	1,048,937		$	23,567		$	(762,214	)	$	312,651
Senior secured credit facilities	500,000		—		—			—			—			500,000
Senior unsecured notes	350,895		—		—			—			—			350,895
Deferred tax liabilities	—		—		13,810			—			—			13,810
Other liabilities	—		—		13,044			166,282			(163,513		)	15,813
Total liabilities	853,256		—		1,075,791			189,849			(925,727		)	1,193,169
Partners’ capital	916,495		—		1,007,308			101,990			(1,109,298		)	916,495
Total liabilities and partners’ capital	$	1,769,751	$	—	$	2,083,099		$	291,839		$	(2,035,025	)	$	2,109,664

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 and other investments	—		—		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 facilities	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

Condensed Consolidating Statement of Operations
Year Ended December 31, 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	$	—		$	—	$	3,772,400	$	135,013		$	(109,663	)	$	3,797,750
Refinery services	—			—		192,083		19,999			(16,065		)	196,017
Pipeline transportation services	—			—		50,106		26,184			—			76,290
Total revenues	—			—		4,014,589		181,196			(125,728		)	4,070,057
COSTS AND EXPENSES:
Supply and logistics costs	—			—		3,696,792		120,280			(109,661		)	3,707,411
Refinery services operating costs	—			—		120,095		19,489			(16,107		)	123,477
Pipeline transportation operating costs	—			—		21,000		894			—			21,894
General and administrative	—			—		42,297		122			—			42,419
Depreciation and amortization	—			—		57,402		3,764			—			61,166
Total costs and expenses	—			—		3,937,586		144,549			(125,768		)	3,956,367
OPERATING INCOME	—			—		77,003		36,647			40			113,690
Equity in earnings of equity investees	—			—		14,345		—			—			14,345
Equity in earnings of subsidiaries	137,151			—		20,547		—			(157,698		)	—
Interest (expense) income, net	(40,832		)	—		16,502		(16,591		)	—			(40,921		)
Income before income taxes	96,319			—		128,397		20,056			(157,658		)	87,114
Income tax benefit	—			—		8,903		302			—			9,205
NET INCOME	$	96,319		$	—	$	137,300	$	20,358		$	(157,658	)	$	96,319

Condensed Consolidating Statement of Operations
Year Ended 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
REVENUES:
Supply and logistics	$	—		$	—	$	2,824,524	$	14,883		$	(13,639	)	$	2,825,768
Refinery services	—			—		197,928		20,548			(16,765		)	201,711
Pipeline transportation services	—			—		36,281		25,909			—			62,190
Total revenues	—			—		3,058,733		61,340			(30,404		)	3,089,669
COSTS AND EXPENSES:
Supply and logistics costs	—			—		2,766,084		14,363			(13,639		)	2,766,808
Refinery services operating costs	—			—		122,724		20,968			(16,910		)	126,782
Pipeline transportation operating costs	—			—		16,174		790			—			16,964
General and administrative	—			—		34,473		—			—			34,473
Depreciation and amortization	—			—		59,439		2,751			—			62,190
Total costs and expenses	—			—		2,998,894		38,872			(30,549		)	3,007,217
OPERATING INCOME	—			—		59,839		22,468			145			82,452
Equity in earnings of equity investees	—			—		3,347		—			—			3,347
Equity in earnings of subsidiaries	86,958			—		5,333		—			(92,291		)	—
Interest (expense) income, net	(35,709		)	—		16,933		(16,991		)	—			(35,767		)
Income before income taxes	51,249			—		85,452		5,477			(92,146		)	50,032
Income tax benefit (expense)	—			—		1,555		(338		)	—			1,217
NET INCOME	$	51,249		$	—	$	87,007	$	5,139		$	(92,146	)	$	51,249

Condensed Consolidating Statement of Operations
Year Ended December 31, 2010
	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	$	—		$	—	$	1,894,612		$	—		$	—		$	1,894,612
Refinery services	—			—		146,570			14,544			(10,054		)	151,060
Pipeline transportation services	—			—		29,497			26,155			—			55,652
Total revenues	—			—		2,070,679			40,699			(10,054		)	2,101,324
COSTS AND EXPENSES:
Supply and logistics costs	—			—		1,858,862			—			—			1,858,862
Refinery services operating costs	—			—		85,250			12,672			(9,828		)	88,094
Pipeline transportation operating costs	—			—		14,301			476			—			14,777
General and administrative	—			—		113,406			—			—			113,406
Depreciation and amortization	—			—		50,973			2,596			—			53,569
Total costs and expenses	—			—		2,122,792			15,744			(9,828		)	2,128,708
OPERATING (LOSS) INCOME	—			—		(52,113		)	24,955			(226		)	(27,384		)
Equity in earnings of equity investees	—			—		2,355			—			—			2,355
Equity in (losses) earnings of subsidiaries	(34,988		)	—		7,401			—			27,587			—
Interest (expense) income, net	(13,471		)	—		7,884			(17,337		)	—			(22,924		)
(Loss) income before income taxes	(48,459		)	—		(34,473		)	7,618			27,361			(47,953		)
Income tax expense	—			—		(2,175		)	(413		)	—			(2,588		)
NET (LOSS) INCOME	(48,459		)	—		(36,648		)	7,205			27,361			(50,541		)
Net loss attributable to noncontrolling interests	—			—		2,083			—			(1		)	2,082
NET (LOSS) INCOME ATTRIBUTABLE TO GENESIS ENERGY, L.P.	$	(48,459	)	$	—	$	(34,565	)	$	7,205		$	27,360		$	(48,459	)

Condensed Consolidating Statement of Comprehensive Income

Condensed Consolidating Statement of Comprehensive Income
Year Ended December 31, 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 income	$	96,319	$	—	$	137,300	$	20,358	$	(157,658	)	$	96,319
Change in fair value of derivatives:
Current period reclassification in earnings -
interest rate swaps	—		—		—		—		—			—
Changes in derivative financial instruments -
interest rate swaps	—		—		—		—		—			—
Comprehensive income	96,319		—		137,300		20,358		(157,658		)	96,319
Comprehensive loss attributable to noncontrolling interests	—		—		—		—		—			—
Comprehensive income attributable to Genesis Energy, L.P.	$	96,319	$	—	$	137,300	$	20,358	$	(157,658	)	$	96,319

Condensed Consolidating Statement of Comprehensive Income
Year Ended 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
Net income	$	51,249	$	—	$	87,007	$	5,139	$	(92,146	)	$	51,249
Change in fair value of derivatives:
Current period reclassification in earnings -
interest rate swaps	—		—		—		—		—			—
Changes in derivative financial instruments -
interest rate swaps	—		—		—		—		—			—
Comprehensive income	51,249		—		87,007		5,139		(92,146		)	51,249
Comprehensive loss attributable to noncontrolling interests	—		—		—		—		—			—
Comprehensive income attributable to Genesis Energy, L.P.	$	51,249	$	—	$	87,007	$	5,139	$	(92,146	)	$	51,249

Condensed Consolidating Statement of Comprehensive Income
Year Ended December 31, 2010
	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 income	$	(48,459	)	$	—	$	(36,648	)	$	7,205	$	27,361		$	(50,541	)
Change in fair value of derivatives:
Current period reclassification in earnings -
interest rate swaps	—			—		2,112			—		—			2,112
Changes in derivative financial instruments -
interest rate swaps	—			—		(424		)	—		—			(424		)
Other comprehensive loss from consolidated subsidiaries	829			—		—			—		(829		)	—
Comprehensive income	(47,630		)	—		(34,960		)	7,205		26,532			(48,853		)
Comprehensive loss attributable to noncontrolling interests	—			—		1,223			—		—			1,223
Comprehensive income attributable to Genesis Energy, L.P.	$	(47,630	)	$	—	$	(33,737	)	$	7,205	$	26,532		$	(47,630	)

Schedule of Condensed Consolidating Statements of Cash Flow

Condensed Consolidating Statement of Cash Flows
Year Ended December 31, 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	$	(70,083	)	$	—	$	362,855		$	25,186		$	(128,654	)	$	189,304
CASH FLOWS FROM INVESTING ACTIVITIES:
Payments to acquire fixed and intangible assets	—			—		(137,362		)	(9,094		)	—			(146,456		)
Cash distributions received from equity investees - return of investment	27,878			—		14,909			—			(27,878		)	14,909
Investments in equity investees	(169,421		)	—		(63,749		)	—			169,421			(63,749		)
Acquisitions	—			—		(205,576		)	—			—			(205,576		)
Repayments on loan to non-guarantor subsidiary	—			—		4,078			—			(4,078		)	—
Proceeds from asset sales	—			—		773			—			—			773
Other, net	—			—		(1,557		)	49			—			(1,508		)
Net cash used in investing activities	(141,543		)	—		(388,484		)	(9,045		)	137,465			(401,607		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings on senior secured credit facility	1,674,400			—		—			—			—			1,674,400
Repayments on senior secured credit facility	(1,583,700		)	—		—			—			—			(1,583,700		)
Proceeds from issuance of senior unsecured notes, including premium	101,000			—		—			—			—			101,000
Debt issuance costs	(7,105		)	—		—			—			—			(7,105		)
Issuance of common units for cash, net	169,421			—		169,421			—			(169,421		)	169,421
Distributions to partners/owners	(142,383		)	—		(142,383		)	(14,183		)	156,566			(142,383		)
Other, net	—			—		623			(3,532		)	4,044			1,135
Net cash provided by (used in) financing activities	211,633			—		27,661			(17,715		)	(8,811		)	212,768
Net increase (decrease) in cash and cash equivalents	7			—		2,032			(1,574		)	—			465
Cash and cash equivalents at beginning of period	3			—		9,182			1,632			—			10,817
Cash and cash equivalents at end of period	$	10		$	—	$	11,214		$	58		$	—		$	11,282

Condensed Consolidating Statement of Cash Flows
Year Ended 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
Net cash (used in) provided by operating activities	$	(41,392	)	$	—		$	99,360		$	17,696		$	(17,357	)	$	58,307
CASH FLOWS FROM INVESTING ACTIVITIES:
Payments to acquire fixed and intangible assets	—			—			(27,417		)	(575		)	—			(27,992		)
Cash distributions received from equity investees - return of investment	107,956			—			11,436			—			(107,956		)	11,436
Investments in equity investees	(184,969		)	—		—	(19,999		)	—			204,968			—
Acquisitions	—			—			(142,886		)	(20,787		)	—			(163,673		)
Repayments on loan to non-guarantor subsidiary	—			—			3,685			—			(3,685		)	—
Proceeds from assets sales	—			—			6,424			—			—			6,424
Other, net	—			—			770			738			—			1,508
Net cash used in investing activities	(77,013		)	—			(167,987		)	(20,624		)	93,327			(172,297		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings on senior secured credit facility	777,600			—			—			—			—			777,600
Repayments on senior secured credit facility	(728,300		)	—			—			—			—			(728,300		)
Debt issuance costs	(3,018		)	—			—			—			—			(3,018		)
Issuance of ownership interests to partners for cash	184,969			—			184,969			19,999			(204,968		)	184,969
Distributions to partners/owners	(112,844		)	—			(112,844		)	(12,500		)	125,344			(112,844		)
Other, net	—			—			602			(3,618		)	3,654			638
Net cash provided by financing activities	118,407			—			72,727			3,881			(75,970		)	119,045
Net increase in cash and cash equivalents	2			—			4,100			953			—			5,055
Cash and cash equivalents at beginning of period	1			—			5,082			679			—			5,762
Cash and cash equivalents at end of period	$	3		$	—		$	9,182		$	1,632		$	—		$	10,817

Condensed Consolidating Statement of Cash Flows
Year Ended December 31, 2010
	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	$	(569,824	)	$	—		$	680,974		$	3,746		$	(24,433	)	$	90,463
CASH FLOWS FROM INVESTING ACTIVITIES:
Payments to acquire fixed and intangible assets	—			—			(12,372		)	(28		)	—			(12,400		)
Cash distributions received from equity investees - return of investment	45,889			—			2,859			—			(45,889		)	2,859
Investments in equity investees	(118,875		)	—		—	—			—			118,875			—
Acquisitions	—			—			(332,462		)	—			—			(332,462		)
Repayments on loan to non-guarantor subsidiary	—			—			3,331			—			(3,331		)	—
Proceeds from asset sales	—			—			1,146			—			—			1,146
Other, net	—			—			119			—			—			119
Net cash used in investing activities	(72,986		)	—			(337,379		)	(28		)	69,655			(340,738		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings on senior secured credit facility	449,729			—			242,100			—			—			691,829
Repayments on senior secured credit facility	(455,629		)	—			(243,100		)	—			—			(698,729		)
Transfer of senior secured credit facility to Parent	364,772						(364,772		)							—
Proceeds from issuance of senior unsecured notes	250,000															250,000
Debt issuance costs	(14,586		)	—			—			—			—			(14,586		)
Issuance of ownership interests to partners for cash	118,875			—			118,888			—			(118,888		)	118,875
Acquisition of noncontrolling interest in DG Marine	—			—			(26,288		)	—			—			(26,288		)
Distributions to partners/owners	(70,352		)	—			(70,359		)	—			70,359			(70,352		)
Other, net	—			—			1,134			(3,301		)	3,307			1,140
Net cash provided by (used in) financing activities	642,809			—			(342,397		)	(3,301		)	(45,222		)	251,889
Net (decrease) increase in cash and cash equivalents	(1		)	—			1,198			417			—			1,614
Cash and cash equivalents at beginning of period	2			—			3,884			262			—			4,148
Cash and cash equivalents at end of period	$	1		$	—		$	5,082		$	679		$	—		$	5,762