Condensed Consolidating Financial Information (Tables)

3 Months Ended

12 Months Ended

Mar. 31, 2011

Dec. 31, 2013

Condensed Consolidating Financial Information [Abstract]

Condensed Consolidating Balance Sheet

Condensed Consolidating Balance Sheet
December 31, 2013
	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	$	20	$	—	$	8,061		$	785		$	—		$	8,866
Other current assets	1,133,695		—		498,230			54,199			(1,159,767		)	526,357
Total current assets	1,133,715		—		506,291			54,984			(1,159,767		)	535,223
Fixed Assets, at cost	—		—		1,211,356			116,618			—			1,327,974
Less: Accumulated depreciation	—		—		(181,905		)	(17,325		)	—			(199,230		)
Net fixed assets	—		—		1,029,451			99,293			—			1,128,744
Goodwill	—		—		325,046			—			—			325,046
Other assets, net	21,432		—		238,282			152,413			(159,185		)	252,942
Equity investees and other investments	—		—		620,247			—			—			620,247
Investments in subsidiaries	1,236,164		—		124,718			—			(1,360,882		)	—
Total assets	$	2,391,311	$	—	$	2,844,035		$	306,690		$	(2,679,834	)	$	2,862,202
LIABILITIES AND PARTNERS’ CAPITAL
Current liabilities	$	10,002	$	—	$	1,576,186		$	19,660		$	(1,159,295	)	$	446,553
Senior secured credit facilities	582,800		—		—			—			—			582,800
Senior unsecured notes	700,772		—		—			—			—			700,772
Deferred tax liabilities	—		—		15,944			—			—			15,944
Other liabilities	—		—		14,664			162,739			(159,007		)	18,396
Total liabilities	1,293,574		—		1,606,794			182,399			(1,318,302		)	1,764,465
Partners’ capital	1,097,737		—		1,237,241			124,291			(1,361,532		)	1,097,737
Total liabilities and partners’ capital	$	2,391,311	$	—	$	2,844,035		$	306,690		$	(2,679,834	)	$	2,862,202

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 Statement of Operations

Condensed Consolidating Statement of Operations
Year Ended December 31, 2013
	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	$	—		$	—	$	3,821,783		$	152,460		$	(131,906	)	$	3,842,337
Refinery services	—			—		203,021			17,835			(14,871		)	205,985
Pipeline transportation services	—			—		60,748			25,760			—			86,508
Total revenues	—			—		4,085,552			196,055			(146,777		)	4,134,830
COSTS AND EXPENSES:
Supply and logistics costs	—			—		3,742,168			143,742			(131,906		)	3,754,004
Refinery services operating costs	—			—		128,814			16,873			(14,398		)	131,289
Pipeline transportation operating costs	—			—		25,827			1,379			—			27,206
General and administrative	—			—		46,670			120			—			46,790
Depreciation and amortization	—			—		60,383			4,401			—			64,784
Total costs and expenses	—			—		4,003,862			166,515			(146,304		)	4,024,073
OPERATING INCOME	—			—		81,690			29,540			(473		)	110,757
Equity in earnings of equity investees	—			—		22,675			—			—			22,675
Equity in earnings of subsidiaries	134,616			—		13,399			—			(148,015		)	—
Interest (expense) income, net	(48,507		)	—		16,080			(16,156		)	—			(48,583		)
Income before income taxes	86,109			—		133,844			13,384			(148,488		)	84,849
Income tax expense	—			—		(676		)	(169		)	—			(845		)
Income from continuing operations	86,109			—		133,168			13,215			(148,488		)	84,004
Income from discontinued operations	—			—		2,105			—			—			2,105
NET INCOME	$	86,109		$	—	$	135,273		$	13,215		$	(148,488	)	$	86,109

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	$	—		$	—	$	3,069,704		$	135,013		$	(109,663	)	$	3,095,054
Refinery services	—			—		192,083			19,999			(16,065		)	196,017
Pipeline transportation services	—			—		50,106			26,184			—			76,290
Total revenues	—			—		3,311,893			181,196			(125,728		)	3,367,361
COSTS AND EXPENSES:
Supply and logistics costs	—			—		2,993,674			120,280			(109,661		)	3,004,293
Refinery services operating costs	—			—		120,095			19,489			(16,107		)	123,477
Pipeline transportation operating costs	—			—		21,000			894			—			21,894
General and administrative	—			—		41,715			122			—			41,837
Depreciation and amortization	—			—		57,386			3,764			—			61,150
Total costs and expenses	—			—		3,233,870			144,549			(125,768		)	3,252,651
OPERATING INCOME	—			—		78,023			36,647			40			114,710
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		)	—		16,500			(16,591		)	—			(40,923		)
Income before income taxes	96,319			—		129,415			20,056			(157,658		)	88,132
Income tax benefit	—			—		8,903			302			—			9,205
Income from continuing operations	96,319			—		138,318			20,358			(157,658		)	97,337
Loss from discontinued operations	—			—		(1,018		)	—			—			(1,018		)
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	$	—		$	—	$	2,172,652		$	14,883		$	(13,639	)	$	2,173,896
Refinery services	—			—		197,928			20,548			(16,765		)	201,711
Pipeline transportation services	—			—		36,281			25,909			—			62,190
Total revenues	—			—		2,406,861			61,340			(30,404		)	2,437,797
COSTS AND EXPENSES:
Supply and logistics costs	—			—		2,114,730			14,363			(13,639		)	2,115,454
Refinery services operating costs	—			—		122,724			20,968			(16,910		)	126,782
Pipeline transportation operating costs	—			—		16,174			790			—			16,964
General and administrative	—			—		33,858			—			—			33,858
Depreciation and amortization	—			—		59,410			2,751			—			62,161
Total costs and expenses	—			—		2,346,896			38,872			(30,549		)	2,355,219
OPERATING INCOME	—			—		59,965			22,468			145			82,578
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		)	—		16,929			(16,991		)	—			(35,771		)
Income before income taxes	51,249			—		85,574			5,477			(92,146		)	50,154
Income tax benefit (expense)	—			—		1,555			(338		)	—			1,217
Income from continuing operations	51,249			—		87,129			5,139			(92,146		)	51,371
Loss from discontinued operations	—			—		(122		)	—			—			(122		)
NET INCOME	51,249			—		87,007			5,139			(92,146		)	51,249

Schedule of Condensed Consolidating Statements of Cash Flow

Condensed Consolidating Statement of Cash Flows
Year Ended December 31, 2013
	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	$	(280,155	)	$	—	$	547,333		$	6,246		$	(135,038	)	$	138,386
CASH FLOWS FROM INVESTING ACTIVITIES:
Payments to acquire fixed and intangible assets	—			—		(332,024		)	(11,095		)	—			(343,119		)
Cash distributions received from equity investees - return of investment	23,963			—		12,432			—			(23,963		)	12,432
Investments in equity investees	(263,574		)	—		(94,551		)	—			263,574			(94,551		)
Acquisitions	—			—		(230,880		)	—			—			(230,880		)
Repayments on loan to non-guarantor subsidiary	—			—		4,512			—			(4,512		)	—
Proceeds from asset sales	—			—		1,910			—			—			1,910
Other, net	—			—		(1,622		)	—			—			(1,622		)
Net cash used in investing activities	(239,611		)	—		(640,223		)	(11,095		)	235,099			(655,830		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings on senior secured credit facility	1,593,300			—		—			—			—			1,593,300
Repayments on senior secured credit facility	(1,510,500		)	—		—			—			—			(1,510,500		)
Proceeds from issuance of senior unsecured notes, including premium	350,000			—		—			—			—			350,000
Debt issuance costs	(8,157		)	—		—			—			—			(8,157		)
Issuance of common units for cash, net	263,574			—		263,574			—			(263,574		)	263,574
Distributions to partners/owners	(168,441		)	—		(168,441		)	9,401			159,040			(168,441		)
Other, net	—			—		(5,396		)	(3,825		)	4,473			(4,748		)
Net cash provided by financing activities	519,776			—		89,737			5,576			(100,061		)	515,028
Net increase (decrease) in cash and cash equivalents	10			—		(3,153		)	727			—			(2,416		)
Cash and cash equivalents at beginning of period	10			—		11,214			58			—			11,282
Cash and cash equivalents at end of period	$	20		$	—	$	8,061		$	785		$	—		$	8,866

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 assets 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 ownership interests to partners for cash	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 asset 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