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	$	—	$	8,310		$	1,143		$	—		$	9,462
Other current assets	1,378,573		—		333,385			46,215			(1,412,269		)	345,904
Total current assets	1,378,582		—		341,695			47,358			(1,412,269		)	355,366
Fixed Assets, at cost	—		—		1,823,556			75,502			—			1,899,058
Less: Accumulated depreciation	—		—		(251,171		)	(16,886		)	—			(268,057		)
Net fixed assets	—		—		1,572,385			58,616			—			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		—		97,195			—			(1,531,450		)	—
Total assets	$	2,841,258	$	—	$	3,234,353		$	252,674		$	(3,097,911	)	$	3,230,374
LIABILITIES AND PARTNERS’ CAPITAL
Current liabilities	$	11,016	$	—	$	1,761,856		$	2,705		$	(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	—		—		18,233			154,021			(154,021		)	18,233
Total liabilities	1,612,055		—		1,798,843			156,726			(1,566,453		)	2,001,171
Partners’ capital	1,229,203		—		1,435,510			95,948			(1,531,458		)	1,229,203
Total liabilities and partners’ capital	$	2,841,258	$	—	$	3,234,353		$	252,674		$	(3,097,911	)	$	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	$	—	$	8,049		$	797		$	—		$	8,866
Other current assets	1,133,695		—		515,143			37,286			(1,159,767		)	526,357
Total current assets	1,133,715		—		523,192			38,083			(1,159,767		)	535,223
Fixed Assets, at cost	—		—		1,252,445			75,529			—			1,327,974
Less: Accumulated depreciation	—		—		(184,856		)	(14,374		)	—			(199,230		)
Net fixed assets	—		—		1,067,589			61,155			—			1,128,744
Goodwill	—		—		325,046			—			—			325,046
Other assets, net	21,432		—		238,283			152,412			(159,185		)	252,942
Equity investees and other investments	—		—		620,247			—			—			620,247
Investments in subsidiaries	1,236,164		—		89,600			—			(1,325,764		)	—
Total assets	$	2,391,311	$	—	$	2,863,957		$	251,650		$	(2,644,716	)	$	2,862,202
LIABILITIES AND PARTNERS’ CAPITAL
Current liabilities	$	10,002	$	—	$	1,592,376		$	3,470		$	(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	—		—		18,396			159,007			(159,007		)	18,396
Total liabilities	1,293,574		—		1,626,716			162,477			(1,318,302		)	1,764,465
Partners' capital	1,097,737		—		1,237,241			89,173			(1,326,414		)	1,097,737
Total liabilities and partners’ capital	$	2,391,311	$	—	$	2,863,957		$	251,650		$	(2,644,716	)	$	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	$	—		$	—	$	61,686		$	24,767		$	—		$	86,453
Refinery services	—			—		202,250			18,289			(13,138		)	207,401
Marine transportation	—			—		229,282			—			—			229,282
Supply and logistics	—			—		3,323,028			—			—			3,323,028
Total revenues	—			—		3,816,246			43,056			(13,138		)	3,846,164
COSTS AND EXPENSES:
Supply and logistics costs	—			—		3,277,052			—			—			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	—			—		29,910			857			—			30,767
General and administrative	—			—		50,692			—			—			50,692
Depreciation and amortization	—			—		88,368			2,540			—			90,908
Total costs and expenses	—			—		3,706,603			20,790			(13,780		)	3,713,613
OPERATING INCOME	—			—		109,643			22,266			642			132,551
Equity in earnings of equity investees	—			—		43,135			—			—			43,135
Equity in earnings of subsidiaries	172,828			—		6,952			—			(179,780		)	—
Interest (expense) income, net	(66,626		)	—		15,662			(15,675		)	—			(66,639		)
Income before income taxes	106,202			—		175,392			6,591			(179,138		)	109,047
Income tax benefit (expense)	—			—		(3,030		)	185			—			(2,845		)
Income from continuing operations	106,202			—		172,362			6,776			(179,138		)	106,202
NET INCOME	$	106,202		$	—	$	172,362		$	6,776		$	(179,138	)	$	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	$	—		$	—	$	60,707		$	25,801		$	—		$	86,508
Refinery services	—			—		203,021			17,835			(14,871		)	205,985
Marine transportation	—			—		152,542			—			—			152,542
Supply and logistics	—			—		3,689,795			—			—			3,689,795
Total revenues	—			—		4,106,065			43,636			(14,871		)	4,134,830
COSTS AND EXPENSES:
Supply and logistics costs	—			—		3,649,328			—			—			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	—			—		26,087			1,119			—			27,206
General and administrative	—			—		46,790			—			—			46,790
Depreciation and amortization	—			—		62,194			2,590			—			64,784
Total costs and expenses	—			—		4,017,889			20,582			(14,398		)	4,024,073
OPERATING INCOME	—			—		88,176			23,054			(473		)	110,757
Equity in earnings of equity investees	—			—		22,675			—			—			22,675
Equity in earnings of subsidiaries	134,616			—		6,913			—			(141,529		)	—
Interest (expense) income, net	(48,507		)	—		16,080			(16,156		)	—			(48,583		)
Income before income taxes	86,109			—		133,844			6,898			(142,002		)	84,849
Income tax benefit (expense)	—			—		(676		)	(169		)	—			(845		)
Income from continuing operations	86,109			—		133,168			6,729			(142,002		)	84,004
Income from discontinued operations	—			—		2,105			—			—			2,105
NET INCOME	$	86,109		$	—	$	135,273		$	6,729		$	(142,002	)	$	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
Supply and logistics	—			—		2,976,850			—			—			2,976,850
Total revenues	—			—		3,337,243			46,183			(16,065		)	3,367,361
COSTS AND EXPENSES:
Supply and logistics costs	—			—		2,923,746			—			—			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	—			—		21,081			813			—			21,894
General and administrative	—			—		41,837			—			—			41,837
Depreciation and amortization	—			—		58,554			2,596			—			61,150
Total costs and expenses	—			—		3,245,860			22,898			(16,107		)	3,252,651
OPERATING INCOME	—			—		91,383			23,285			42			114,710
Equity in earnings of equity investees	—			—		14,345			—			—			14,345
Equity in earnings of subsidiaries	137,151			—		7,184			—			(144,335		)	—
Interest (expense) income, net	(40,832		)	—		16,500			(16,591		)	—			(40,923		)
Income before income taxes	96,319			—		129,412			6,694			(144,293		)	88,132
Income tax benefit	—			—		8,903			302			—			9,205
Income from continuing operations	96,319			—		138,315			6,996			(144,293		)	97,337
Loss from discontinued operations	—			—		(1,018		)	—			—			(1,018		)
NET INCOME	96,319			—		137,297			6,996			(144,293		)	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	)	$	—	$	591,431		$	5,296		$	(157,665	)	$	291,054
CASH FLOWS FROM INVESTING ACTIVITIES:
Payments to acquire fixed and intangible assets	—			—		(443,482		)	—			—			(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		)	—		(618,994		)	—			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		)	—			200,462			(200,461		)
Other, net	(1		)	—		2,561			(4,950		)	4,951			2,561
Net cash provided by financing activities	330,967			—		27,824			(4,950		)	(20,312		)	333,529
Net increase (decrease) in cash and cash equivalents	(11		)	—		261			346			—			596
Cash and cash equivalents at beginning of period	20			—		8,049			797			—			8,866
Cash and cash equivalents at end of period	$	9		$	—	$	8,310		$	1,143		$	—		$	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	)	$	—	$	557,879		$	5,101		$	(144,439	)	$	138,386
CASH FLOWS FROM INVESTING ACTIVITIES:
Payments to acquire fixed and intangible assets	—			—		(343,119		)	—			—			(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		)	—		(651,318		)	—			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		)	—			168,441			(168,441		)
Other, net	—			—		(4,748		)	(4,473		)	4,473			(4,748		)
Net cash provided by (used in) financing activities	519,776			—		90,385			(4,473		)	(90,660		)	515,028
Net increase (decrease) in cash and cash equivalents	10			—		(3,054		)	628			—			(2,416		)
Cash and cash equivalents at beginning of period	10			—		11,103			169			—			11,282
Cash and cash equivalents at end of period	$	20		$	—	$	8,049		$	797		$	—		$	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	)	$	—	$	371,256		$	2,602		$	(114,471	)	$	189,304
CASH FLOWS FROM INVESTING ACTIVITIES:
Payments to acquire fixed and intangible assets	—			—		(146,296		)	(160		)	—			(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	—			—		(1,508		)	—			—			(1,508		)
Net cash used in investing activities	(141,543		)	—		(397,369		)	(160		)	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		)	—			142,383			(142,383		)
Other, net	—			—		1,135			(4,044		)	4,044			1,135
Net cash provided by financing activities	211,633			—		28,173			(4,044		)	(22,994		)	212,768
Net increase in cash and cash equivalents	7			—		2,060			(1,602		)	—			465
Cash and cash equivalents at beginning of period	3			—		9,043			1,771			—			10,817
Cash and cash equivalents at end of period	$	10		$	—	$	11,103		$	169		$	—		$	11,282