Condensed Consolidating Financial Information (Tables)

12 Months Ended

Dec. 31, 2014

Condensed Consolidating Financial Information [Abstract]



Condensed Consolidating Balance Sheet
December 31, 2014

	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	$	9	$	—	$	8,352		$	1,101		$	—		$	9,462
Other current assets	1,378,573		—		327,819			51,781			(1,412,269		)	345,904
Total current assets	1,378,582		—		336,171			52,882			(1,412,269		)	355,366
Fixed Assets, at cost	—		—		1,781,158			117,900			—			1,899,058
Less: Accumulated depreciation	—		—		(245,548		)	(22,509		)	—			(268,057		)
Net fixed assets	—		—		1,535,610			95,391			—			1,631,001
Goodwill	—		—		325,046			—			—			325,046
Other assets, net	28,421		—		269,252			146,700			(154,192		)	290,181
Equity investees and other investments	—		—		628,780			—			—			628,780
Investments in subsidiaries	1,434,255		—		126,035			—			(1,560,290		)	—
Total assets	$	2,841,258	$	—	$	3,220,894		$	294,973		$	(3,126,751	)	$	3,230,374
LIABILITIES AND PARTNERS’ CAPITAL
Current liabilities	$	11,016	$	—	$	1,751,548		$	13,013		$	(1,412,432	)	$	363,145
Senior secured credit facilities	550,400		—		—			—			—			550,400
Senior unsecured notes	1,050,639		—		—			—			—			1,050,639
Deferred tax liabilities	—		—		18,754			—			—			18,754
Other liabilities	—		—		15,082			157,172			(154,021		)	18,233
Total liabilities	1,612,055		—		1,785,384			170,185			(1,566,453		)	2,001,171
Partners’ capital	1,229,203		—		1,435,510			124,788			(1,560,298		)	1,229,203
Total liabilities and partners’ capital	$	2,841,258	$	—	$	3,220,894		$	294,973		$	(3,126,751	)	$	3,230,374



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 Statement of Operations



Condensed Consolidating Statement of Operations
Year Ended December 31, 2014

	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:
Pipeline transportation services	$	—		$	—	$	61,221		$	25,232		$	—		$	86,453
Refinery services	—			—		202,250			18,289			(13,138		)	207,401
Marine transportation	—			—		229,282			—			—			229,282
Supply and logistics	—			—		3,312,273			107,752			(96,997		)	3,323,028
Total revenues	—			—		3,805,026			151,273			(110,135		)	3,846,164
COSTS AND EXPENSES:
Supply and logistics costs	—			—		3,264,327			109,722			(96,997		)	3,277,052
Marine transportation costs	—			—		142,793			—			—			142,793
Refinery services operating costs	—			—		117,788			17,393			(13,780		)	121,401
Pipeline transportation operating costs	—			—		29,111			1,656			—			30,767
General and administrative	—			—		50,572			120			—			50,692
Depreciation and amortization	—			—		85,696			5,212			—			90,908
Total costs and expenses	—			—		3,690,287			134,103			(110,777		)	3,713,613
OPERATING INCOME	—			—		114,739			17,170			642			132,551
Equity in earnings of equity investees	—			—		43,135			—			—			43,135
Equity in earnings of subsidiaries	172,828			—		1,857			—			(174,685		)	—
Interest (expense) income, net	(66,626		)	—		15,662			(15,675		)	—			(66,639		)
Income before income taxes	106,202			—		175,393			1,495			(174,043		)	109,047
Income tax benefit (expense)	—			—		(3,030		)	185			—			(2,845		)
Income from continuing operations	106,202			—		172,363			1,680			(174,043		)	106,202
NET INCOME	$	106,202		$	—	$	172,363		$	1,680		$	(174,043	)	$	106,202



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:
Pipeline transportation services	$	—		$	—	$	60,748		$	25,760		$	—		$	86,508
Refinery services	—			—		203,021			17,835			(14,871		)	205,985
Marine transportation	—			—		152,542			—			—			152,542
Supply and logistics	—			—		3,669,241			152,460			(131,906		)	3,689,795
Total revenues	—			—		4,085,552			196,055			(146,777		)	4,134,830
COSTS AND EXPENSES:
Supply and logistics costs	—			—		3,637,492			143,742			(131,906		)	3,649,328
Marine transportation costs	—			—		104,676			—			—			104,676
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 benefit (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:
Pipeline transportation services	$	—		$	—	$	50,106		$	26,184		$	—		$	76,290
Refinery services	—			—		192,083			19,999			(16,065		)	196,017
Marine transportation	—			—		118,204			—			—			118,204
Pipeline transportation services	—			—		2,951,500			135,013			(109,663		)	2,976,850
Total revenues	—			—		3,311,893			181,196			(125,728		)	3,367,361
COSTS AND EXPENSES:
Supply and logistics costs	—			—		2,913,127			120,280			(109,661		)	2,923,746
Marine transportation costs	—			—		80,547			—			—			80,547
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

Schedule of Condensed Consolidating Statements of Cash Flow



Condensed Consolidating Statement of Cash Flows
Year Ended December 31, 2014

	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	$	(148,008	)	$	—	$	589,643		$	8,336		$	(158,917	)	$	291,054
CASH FLOWS FROM INVESTING ACTIVITIES:
Payments to acquire fixed and intangible assets	—			—		(442,173		)	(1,309		)	—			(443,482		)
Cash distributions received from equity investees - return of investment	42,755			—		18,363			—			(42,755		)	18,363
Investments in equity investees	(225,725		)	—		(40,926		)	—			225,725			(40,926		)
Acquisitions	—			—		(157,000		)	—			—			(157,000		)
Repayments on loan to non-guarantor subsidiary	—			—		4,993			—			(4,993		)	—
Proceeds from asset sales	—			—		272			—			—			272
Other, net	—			—		(1,214		)	—			—			(1,214		)
Net cash used in investing activities	(182,970		)	—		(617,685		)	(1,309		)	177,977			(623,987		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings on senior secured credit facility	1,839,900			—		—			—			—			1,839,900
Repayments on senior secured credit facility	(1,872,300		)	—		—			—			—			(1,872,300		)
Proceeds from issuance of senior unsecured notes, including premium	350,000			—		—			—			—			350,000
Debt issuance costs	(11,896		)	—		—			—			—			(11,896		)
Issuance of common units for cash, net	225,725			—		225,725			—			(225,725		)	225,725
Distributions to partners/owners	(200,461		)	—		(200,462		)	(1,252		)	201,714			(200,461		)
Other, net	(1		)	—		3,070			(5,459		)	4,951			2,561
Net cash provided by financing activities	330,967			—		28,333			(6,711		)	(19,060		)	333,529
Net increase (decrease) in cash and cash equivalents	(11		)	—		291			316			—			596
Cash and cash equivalents at beginning of period	20			—		8,061			785			—			8,866
Cash and cash equivalents at end of period	$	9		$	—	$	8,352		$	1,101		$	—		$	9,462



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 assets 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 ownership interests to partners for cash	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 (used in) 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 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	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 financing activities	211,633			—		27,661			(17,715		)	(8,811		)	212,768
Net increase 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