The following is condensed consolidating financial information for Genesis Energy, L.P. and subsidiary guarantors:



Condensed Consolidating Balance Sheet
December 31, 2016

	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	$	6	$	—	$	6,360		$	663		$	—		$	7,029
Other current assets	50		—		340,555			12,237			(302		)	352,540
Total current assets	56		—		346,915			12,900			(302		)	359,569
Fixed Assets, at cost	—		—		4,685,811			77,585			—			4,763,396
Less: Accumulated depreciation	—		—		(524,315		)	(24,217		)	—			(548,532		)
Net fixed assets	—		—		4,161,496			53,368			—			4,214,864
Goodwill	—		—		325,046			—			—			325,046
Other assets, net	10,696		—		390,214			133,980			(140,533		)	394,357
Advances to affiliates	2,650,930		—		—			73,295			(2,724,225		)	—
Equity investees and other investments	—		—		408,756			—			—			408,756
Investments in subsidiaries	2,594,882		—		80,735			—			(2,675,617		)	—
Total assets	$	5,256,564	$	—	$	5,713,162		$	273,543		$	(5,540,677	)	$	5,702,592
LIABILITIES AND PARTNERS’ CAPITAL
Current liabilities	$	34,864	$	—	$	211,591		$	14,505		$	(157	)	$	260,803
Senior secured credit facilities	1,278,200		—		—			—			—			1,278,200
Senior unsecured notes	1,813,169		—		—			—			—			1,813,169
Deferred tax liabilities	—		—		25,889			—			—			25,889
Advances from affiliates	—		—		2,724,224			—			(2,724,224		)	—
Other liabilities	—		—		165,266			179,592			(140,377		)	204,481
Total liabilities	3,126,233		—		3,126,970			194,097			(2,864,758		)	3,582,542
Partners’ capital, common units	2,130,331		—		2,586,192			89,727			(2,675,919		)	2,130,331
Noncontrolling interests	—		—		—			(10,281		)	—			(10,281		)
Total liabilities and partners’ capital	$	5,256,564	$	—	$	5,713,162		$	273,543		$	(5,540,677	)	$	5,702,592



Condensed Consolidating Balance Sheet
December 31, 2015

	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	$	6	$	—	$	8,288		$	2,601		$	—		$	10,895
Other current assets	50		—		285,313			10,422			(364		)	295,421
Total current assets	56		—		293,601			13,023			(364		)	306,316
Fixed Assets, at cost	—		—		4,232,641			77,585			—			4,310,226
Less: Accumulated depreciation	—		—		(356,530		)	(21,717		)	—			(378,247		)
Net fixed assets	—		—		3,876,111			55,868			—			3,931,979
Goodwill	—		—		325,046			—			—			325,046
Other assets, net	13,140		—		394,294			140,409			(125,977		)	421,866
Advances to affiliates	2,619,493		—		—			47,034			(2,666,527		)	—
Equity investees and other investments	—		—		474,392			—			—			474,392
Investments in subsidiaries	2,353,804		—		90,741			—			(2,444,545		)	—
Total assets	$	4,986,493	$	—	$	5,454,185		$	256,334		$	(5,237,413	)	$	5,459,599
LIABILITIES AND PARTNERS’ CAPITAL
Current liabilities	$	35,338	$	—	$	267,294		$	—		$	(496	)	$	302,136
Senior secured credit facilities	1,115,000		—		—			—			—			1,115,000
Senior unsecured notes	1,807,054		—		—			—			—			1,807,054
Deferred tax liabilities	—		—		22,586			—			—			22,586
Advances from affiliates	—		—		2,666,527			—			(2,666,527		)	—
Other liabilities	—		—		150,877			167,006			(125,811		)	192,072
Total liabilities	2,957,392		—		3,107,284			167,006			(2,792,834		)	3,438,848
Partners' capital	2,029,101		—		2,346,901			97,678			(2,444,579		)	2,029,101
Noncontrolling interests	—		—		—			(8,350		)	—			(8,350		)
Total liabilities and partners’ capital	$	4,986,493	$	—	$	5,454,185		$	256,334		$	(5,237,413	)	$	5,459,599



Condensed Consolidating Statement of Operations
Year Ended December 31, 2016

	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:
Offshore pipeline transportation services	$	—		$	—	$	334,679		$	—		$	—		$	334,679
Refinery services	—			—		171,389			7,873			(7,759		)	171,503
Marine transportation	—			—		213,021			—			—			213,021
Supply and logistics	—			—		972,794			20,496			—			993,290
Total revenues	—			—		1,691,883			28,369			(7,759		)	1,712,493
COSTS AND EXPENSES:
Supply and logistics costs	—			—		923,567			1,060			—			924,627
Marine transportation costs	—			—		142,551			—			—			142,551
Refinery services operating costs	—			—		90,711			8,491			(7,759		)	91,443
Offshore pipeline transportation operating costs	—			—		68,791			10,833			—			79,624
General and administrative	—			—		45,625			—			—			45,625
Depreciation and amortization	—			—		219,696			2,500			—			222,196
Total costs and expenses	—			—		1,490,941			22,884			(7,759		)	1,506,066
OPERATING INCOME	—			—		200,942			5,485			—			206,427
Equity in earnings of equity investees	—			—		47,944			—			—			47,944
Equity in earnings of subsidiaries	253,048			—		(6,744		)	—			(246,304		)	—
Interest (expense) income, net	(139,799		)	—		14,407			(14,555		)	—			(139,947		)
Income before income taxes	113,249			—		256,549			(9,070		)	(246,304		)	114,424
Income tax expense	—			—		(3,337		)	(5		)	—			(3,342		)
NET INCOME	113,249			—		253,212			(9,075		)	(246,304		)	111,082
Net loss attributable to noncontrolling interest	—			—		—			2,167			—			2,167
NET INCOME ATTRIBUTABLE TO GENESIS ENERGY, L.P.	$	113,249		$	—	$	253,212		$	(6,908	)	$	(246,304	)	$	113,249



Condensed Consolidating Statement of Operations
Year Ended December 31, 2015

	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:
Offshore pipeline transportation services	$	—		$	—	$	137,681		$	2,549		$	—		$	140,230
Refinery services	—			—		175,132			11,942			(9,194		)	177,880
Marine transportation	—			—		238,757			—			—			238,757
Supply and logistics	—			—		1,665,917			23,745			—			1,689,662
Total revenues	—			—		2,217,487			38,236			(9,194		)	2,246,529
COSTS AND EXPENSES:
Supply and logistics costs	—			—		1,601,972			836			—			1,602,808
Marine transportation costs	—			—		135,200			—			—			135,200
Refinery services operating costs	—			—		94,241			11,759			(9,194		)	96,806
Offshore pipeline transportation operating costs	—			—		38,459			1,254			—			39,713
General and administrative	—			—		64,995			—			—			64,995
Depreciation and amortization	—			—		141,785			8,355			—			150,140
Total costs and expenses	—			—		2,076,652			22,204			(9,194		)	2,089,662
OPERATING INCOME	—			—		140,835			16,032			—			156,867
Equity in earnings of equity investees	—			—		54,450			—			—			54,450
Equity in earnings of subsidiaries	542,226			—		2,053			—			(544,279		)	—
Interest (expense) income, net	(100,494		)	—		15,042			(15,144		)	—			(100,596		)
Gain on basis step up on historical interest	—			—		332,380			—			—			332,380
Other income/(expense), net	(19,204		)	—		1,675			—			—			(17,529		)
Income before income taxes	422,528			—		546,435			888			(544,279		)	425,572
Income tax benefit (expense)	—			—		(4,036		)	49			—			(3,987		)
NET INCOME	422,528			—		542,399			937			(544,279		)	421,585
Net loss attributable to noncontrolling interest	—			—		—			943			—			943
NET INCOME ATTRIBUTABLE TO GENESIS ENERGY, L.P.	$	422,528		$	—	$	542,399		$	1,880		$	(544,279	)	$	422,528



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:
Offshore pipeline transportation services	$	—		$	—	$	3,296		$	—		$	—		$	3,296
Refinery services	—			—		202,250			18,289			(13,138		)	207,401
Marine transportation	—			—		229,282			—			—			229,282
Supply and logistics	—			—		3,381,419			24,766			—			3,406,185
Total revenues	—			—		3,816,247			43,055			(13,138		)	3,846,164
COSTS AND EXPENSES:
Supply and logistics costs	—			—		3,305,691			857			—			3,306,548
Marine transportation costs	—			—		142,793			—			—			142,793
Refinery services operating costs	—			—		117,788			17,393			(13,780		)	121,401
Offshore pipeline transportation operating costs	—			—		1,271			—			—			1,271
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	—			—		109,644			22,265			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			—		175,393			6,590			(179,138		)	109,047
Income tax expense	—			—		(3,030		)	185			—			(2,845		)
NET INCOME	$	106,202		$	—	$	172,363		$	6,775		$	(179,138	)	$	106,202



Condensed Consolidating Statement of Cash Flows
Year Ended December 31, 2016

	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	$	179,853		$	—	$	398,320		$	9,586		$	(289,421	)	$	298,338
CASH FLOWS FROM INVESTING ACTIVITIES:
Payments to acquire fixed and intangible assets	—			—		(463,100		)	—			—			(463,100		)
Cash distributions received from equity investees - return of investment	—			—		21,353			—			—			21,353
Investments in equity investees	(298,020		)	—		—			—			298,020			—
Acquisitions	—			—		(25,394		)	—			—			(25,394		)
Intercompany transfers	(31,436		)	—		—			—			31,436			—
Repayments on loan to non-guarantor subsidiary	—			—		6,113			—			(6,113		)	—
Contributions in aid of construction costs	—			—		13,374			—			—			13,374
Proceeds from asset sales	—			—		3,609			—			—			3,609
Other, net	—			—		(151		)	—			—			(151		)
Net cash (used in) provided by investing activities	(329,456		)	—		(444,196		)	—			323,343			(450,309		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings on senior secured credit facility	1,115,800			—		—			—			—			1,115,800
Repayments on senior secured credit facility	(952,600		)	—		—			—			—			(952,600		)
Debt issuance costs	(1,578		)	—		—			—			—			(1,578		)
Intercompany transfers	—			—		57,701			(26,264		)	(31,437		)	—
Issuance of common units for cash, net	298,020			—		298,020			—			(298,020		)	298,020
Distributions to partners/owners	(310,039		)	—		(310,039		)	—			310,039			(310,039		)
Contributions from noncontrolling interest	—			—		—			236			—			236
Other, net	—			—		(1,734		)	14,504			(14,504		)	(1,734		)
Net cash provided by financing activities	149,603			—		43,948			(11,524		)	(33,922		)	148,105
Net decrease in cash and cash equivalents	—			—		(1,928		)	(1,938		)	—			(3,866		)
Cash and cash equivalents at beginning of period	6			—		8,288			2,601			—			10,895
Cash and cash equivalents at end of period	$	6		$	—	$	6,360		$	663		$	—		$	7,029



Condensed Consolidating Statement of Cash Flows
Year Ended December 31, 2015

	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	$	(14,082	)	$	—	$	308,144		$	45,125		$	(49,651	)	$	289,536
CASH FLOWS FROM INVESTING ACTIVITIES:
Payments to acquire fixed and intangible assets	—			—		(495,774		)	—			—			(495,774		)
Cash distributions received from equity investees - return of investment	186,026			—		25,645			—			(186,026		)	25,645
Investments in equity investees	(633,761		)	—		(3,045		)	—			633,761			(3,045		)
Acquisitions	—			—		(1,520,299		)	—			—			(1,520,299		)
Intercompany transfers	(1,240,973		)	—		—			—			1,240,973			—
Repayments on loan to non-guarantor subsidiary	—			—		5,524			—			(5,524		)	—
Contributions in aid of construction costs	—			—		3,179			—			—			3,179
Proceeds from assets sales	—			—		2,811			—			—			2,811
Other, net	—			—		(1,976		)	—			—			(1,976		)
Net cash (used in) provided by investing activities	(1,688,708		)	—		(1,983,935		)	—			1,683,184			(1,989,459		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings on senior secured credit facility	1,525,050			—		—			—			—			1,525,050
Repayments on senior secured credit facility	(960,450		)	—		—			—			—			(960,450		)
Proceeds from issuance of senior unsecured notes, including premium	1,139,718			—		—			—			—			1,139,718
Repayment of senior unsecured notes	(350,000		)	—		—			—			—			(350,000		)
Debt issuance costs	(28,901		)	—		—			—			—			(28,901		)
Intercompany transfers	—			—		1,299,830			(58,857		)	(1,240,973		)	—
Issuance of common units for cash, net	633,759			—		633,759			—			(633,759		)	633,759
Distributions to partners/owners	(256,389		)	—		(256,389		)	—			256,389			(256,389		)
Contributions (distributions) to (from) noncontrolling interest	—			—		(960		)	—			—			(960		)
Other, net	—			—		(471		)	15,190			(15,190		)	(471		)
Net cash provided by (used in) financing activities	1,702,787			—		1,675,769			(43,667		)	(1,633,533		)	1,701,356
Net increase (decrease) in cash and cash equivalents	(3		)	—		(22		)	1,458			—			1,433
Cash and cash equivalents at beginning of period	9			—		8,310			1,143			—			9,462
Cash and cash equivalents at end of period	$	6		$	—	$	8,288		$	2,601		$	—		$	10,895



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	$	96,868		$	—	$	317,520		$	34,331		$	(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		)
Intercompany transfers	(244,876		)	—		—			—			244,876			—
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) provided by investing activities	(427,846		)	—		(618,994		)	—			422,853			(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	350,000			—		—			—			—			350,000
Debt issuance costs	(11,896		)	—		—			—			—			(11,896		)
Intercompany transfers	—			—		273,911			(29,035		)	(244,876		)	—
Issuance of ownership interests to partners for cash	225,725			—		225,725			—			(225,725		)	225,725
Distributions to partners/owners	(200,462		)	—		(200,462		)	—			200,463			(200,461		)
Other, net	—			—		2,560			(4,949		)	4,950			2,561
Net cash provided by (used in) financing activities	330,967			—		301,734			(33,984		)	(265,188		)	333,529
Net increase (decrease) in cash and cash equivalents	(11		)	—		260			347			—			596
Cash and cash equivalents at beginning of period	20			—		8,050			796			—			8,866
Cash and cash equivalents at end of period	$	9		$	—	$	8,310		$	1,143		$	—		$	9,462