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Condensed Consolidating Financial Information (Tables)
9 Months Ended
Sep. 30, 2017
Condensed Consolidating Financial Information [Abstract]  
Condensed Consolidating Financial Statements
The following is condensed consolidating financial information for Genesis Energy, L.P., the guarantor subsidiaries and the non-guarantor subsidiaries.


Unaudited Condensed Consolidating Balance Sheet
September 30, 2017

 
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

 
$
—

 
$
8,960

 
$
728

 
$
—

 
$
9,694

Other current assets
75

 
—

 
569,457

 
11,836

 
(238
)
 
581,130

Total current assets
81

 
—

 
578,417

 
12,564

 
(238
)
 
590,824

Fixed assets, at cost
—

 
—

 
5,444,707

 
77,585

 
—

 
5,522,292

Less: Accumulated depreciation
—

 
—

 
(655,808
)
 
(26,092
)
 
—

 
(681,900
)
Net fixed assets
—

 
—

 
4,788,899

 
51,493

 
—

 
4,840,392

Mineral Leaseholds
—

 
—

 
622,756

 
—

 
—

 
622,756

Goodwill
—

 
—

 
325,046

 
—

 
—

 
325,046

Other assets, net
15,229

 
—

 
382,916

 
128,306

 
(151,026
)
 
375,425

Advances to affiliates
3,889,517

 
—

 
—

 
82,479

 
(3,971,996
)
 
—

Equity investees
—

 
—

 
383,191

 
—

 
—

 
383,191

Investments in subsidiaries
2,666,281

 
—

 
81,135

 
—

 
(2,747,416
)
 
—

Total assets
$
6,571,108

 
$
—

 
$
7,162,360

 
$
274,842

 
$
(6,870,676
)
 
$
7,137,634

LIABILITIES AND CAPITAL
 
 
 
 
 
 
 
 
 
 
 
Current liabilities
$
34,731

 
$
—

 
$
321,339

 
$
8,092

 
$
(151
)
 
$
364,011

Senior secured credit facility
1,372,500

 
—

 
—

 
—

 
—

 
1,372,500

Senior unsecured notes
2,358,049

 
—

 
—

 
—

 
—

 
2,358,049

Deferred tax liabilities
—

 
—

 
26,399

 
—

 
—

 
26,399

Advances from affiliates
—

 
—

 
3,971,992

 
—

 
(3,971,992
)
 
—

Other liabilities
36,727

 
—

 
183,552

 
187,057

 
(150,874
)
 
256,462

Total liabilities
3,802,007

 
—

 
4,503,282

 
195,149

 
(4,123,017
)
 
4,377,421

Mezzanine Capital:
 
 
 
 
 
 
 
 
 
 
 
Series A Convertible Preferred Units
691,708

 
—

 
—

 
—

 
—

 
691,708

Partners’ capital, common units
2,077,393

 
—

 
2,659,078

 
88,581

 
(2,747,659
)
 
2,077,393

Noncontrolling interests
—

 
—

 
—

 
(8,888
)
 
—

 
(8,888
)
Total liabilities, mezzanine capital and partners’ capital
$
6,571,108

 
$
—

 
$
7,162,360

 
$
274,842

 
$
(6,870,676
)
 
$
7,137,634


Unaudited 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

Mineral Leaseholds
—

 
—

 
—

 
—

 
—

 
—

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
—

 
—

 
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 CAPITAL
 
 
 
 
 
 
 
 
 
 
 
Current liabilities
$
34,864

 
$
—

 
$
211,591

 
$
14,505

 
$
(157
)
 
$
260,803

Senior secured credit facility
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

Mezzanine Capital:
 
 
 
 
 
 
 
 
 
 
 
Series A Convertible Preferred Units
—

 
—

 
—

 
—

 
—

 
—

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, mezzanine capital and partners’ capital
$
5,256,564

 
$
—

 
$
5,713,162

 
$
273,543

 
$
(5,540,677
)
 
$
5,702,592





















Unaudited Condensed Consolidating Statement of Operations
Three Months Ended September 30, 2017
 
 
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
$
—

 
$
—

 
$
80,671

 
$
—

 
$
—

 
$
80,671

Sodium minerals and sulfur services
—

 
—

 
109,292

 
2,069

 
(1,596
)
 
109,765

Marine transportation
—

 
—

 
48,534

 
—

 
—

 
48,534

Onshore facilities and transportation
—

 
—

 
242,547

 
4,597

 
—

 
247,144

Total revenues
—

 
—

 
481,044

 
6,666

 
(1,596
)
 
486,114

COSTS AND EXPENSES:
 
 
 
 
 
 
 
 
 
 
 
Onshore facilities and transportation
—

 
—

 
225,716

 
313

 
—

 
226,029

Marine transportation costs
—

 
—

 
35,789

 
—

 
—

 
35,789

Sodium minerals and sulfur services operating costs
—

 
—

 
78,869

 
2,092

 
(1,596
)
 
79,365

Offshore pipeline transportation operating costs
—

 
—

 
17,928

 
762

 
—

 
18,690

General and administrative
—

 
—

 
19,409

 
—

 
—

 
19,409

Depreciation and amortization
—

 
—

 
63,107

 
625

 
—

 
63,732

Gain on sale of assets
—

 
—

 
—

 
—

 
—

 
—

Total costs and expenses
—

 
—

 
440,818

 
3,792

 
(1,596
)
 
443,014

OPERATING INCOME
—

 
—

 
40,226

 
2,874

 
—

 
43,100

Equity in earnings of subsidiaries
55,971

 
—

 
(388
)
 
—

 
(55,583
)
 
—

Equity in earnings of equity investees
—

 
—

 
13,044

 
—

 
—

 
13,044

Interest (expense) income, net
(47,383
)
 
—

 
3,450

 
(3,455
)
 
—

 
(47,388
)
Other expense
(2,276
)
 
—

 
—

 
—

 
—

 
(2,276
)
Income before income taxes
6,312

 
—

 
56,332

 
(581
)
 
(55,583
)
 
6,480

Income tax benefit (expense)
—

 
—

 
(322
)
 
2

 
—

 
(320
)
NET INCOME
6,312

 
—

 
56,010

 
(579
)
 
(55,583
)
 
6,160

Net loss attributable to noncontrolling interest
—

 
—

 
—

 
152

 
—

 
152

NET INCOME ATTRIBUTABLE TO GENESIS ENERGY, L.P.
$
6,312

 
$
—

 
$
56,010

 
$
(427
)
 
$
(55,583
)
 
$
6,312

Less: Accumulated distributions attributable to Series A Convertible Preferred Units
(5,469
)
 
—

 
—

 
—

 
—

 
(5,469
)
NET INCOME AVAILABLE TO COMMON UNIT HOLDERS
$
843

 
$
—

 
$
56,010

 
$
(427
)
 
$
(55,583
)
 
$
843


Unaudited Condensed Consolidating Statement of Operations
Three Months Ended September 30, 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
$
—

 
$
—

 
$
89,717

 


 
$
—

 
$
89,717

Sodium minerals and sulfur services
—

 
—

 
45,262

 
2,981

 
(2,518
)
 
45,725

Marine transportation
—

 
—

 
55,285

 
—

 
—

 
55,285

Onshore facilities and transportation
—

 
—

 
264,326

 
4,997

 
—

 
269,323

Total revenues
—

 
—

 
454,590

 
7,978

 
(2,518
)
 
460,050

COSTS AND EXPENSES:
 
 
 
 
 
 
 
 
 
 
 
Onshore facilities and transportation costs
—

 
—

 
252,450

 
255

 
—

 
252,705

Marine transportation costs
—

 
—

 
38,490

 
—

 
—

 
38,490

Sodium minerals and sulfur services
 operating costs
—

 
—

 
24,577

 
3,018

 
(2,518
)
 
25,077

Offshore pipeline transportation operating costs
—

 
—

 
22,533

 
589

 
—

 
23,122

General and administrative
—

 
—

 
11,212

 
—

 
—

 
11,212

Depreciation and amortization
—

 
—

 
53,640

 
625

 
—

 
54,265

Total costs and expenses
—

 
—

 
402,902

 
4,487

 
(2,518
)
 
404,871

OPERATING INCOME
—

 
—

 
51,688

 
3,491

 
—

 
55,179

Equity in earnings of subsidiaries
66,811

 
—

 
28

 
—

 
(66,839
)
 
—

Equity in earnings of equity investees
—

 
—

 
12,488

 
—

 
—

 
12,488

Interest (expense) income, net
(34,710
)
 
—

 
3,595

 
(3,620
)
 
—

 
(34,735
)
Other expense
—

 
—

 
—

 
—

 
—

 
—

Income before income taxes
32,101

 
—

 
67,799

 
(129
)
 
(66,839
)
 
32,932

Income tax expense
—

 
—

 
(949
)
 
—

 
—

 
(949
)
NET INCOME
32,101

 
—

 
66,850

 
(129
)
 
(66,839
)
 
31,983

Net loss attributable to noncontrolling interest
—

 
—

 
—

 
118

 
—

 
118

NET INCOME ATTRIBUTABLE TO GENESIS ENERGY, L.P.
$
32,101

 
$
—

 
$
66,850

 
$
(11
)
 
$
(66,839
)
 
$
32,101

Less: Accumulated distributions attributable to Series A Convertible Preferred Units
—

 
—

 
—

 
—

 
—

 
—

NET INCOME AVAILABLE TO COMMON UNIT HOLDERS
$
32,101

 
$
—

 
$
66,850

 
$
(11
)
 
$
(66,839
)
 
$
32,101


















Unaudited Condensed Consolidating Statement of Operations
Nine Months Ended September 30, 2017
 
 
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
$
—

 
$
—

 
$
243,437

 
$
—

 
$
—

 
$
243,437

Sodium minerals and sulfur services
—

 
—

 
197,321

 
5,968

 
(5,410
)
 
197,879

Marine transportation
—

 
—

 
152,038

 
—

 
—

 
152,038

Onshore facilities and transportation
—

 
—

 
700,908

 
14,066

 
—

 
714,974

Total revenues
—

 
—

 
1,293,704

 
20,034

 
(5,410
)
 
1,308,328

COSTS AND EXPENSES:
 
 
 
 
 
 
 
 
 
 
 
Onshore facilities and transportation costs
—

 
—

 
661,842

 
853

 
—

 
662,695

Marine transportation costs
—

 
—

 
111,980

 
—

 
—

 
111,980

Sodium minerals and sulfur services
 operating costs
—

 
—

 
132,608

 
6,137

 
(5,410
)
 
133,335

Offshore pipeline transportation operating costs
—

 
—

 
52,396

 
2,286

 
—

 
54,682

General and administrative
—

 
—

 
38,723

 
—

 
—

 
38,723

Depreciation and amortization
—

 
—

 
174,578

 
1,875

 
—

 
176,453

Gain on sale of assets
—

 
—

 
(26,684
)
 
—

 
—

 
(26,684
)
Total costs and expenses
—

 
—

 
1,145,443

 
11,151

 
(5,410
)
 
1,151,184

OPERATING INCOME
—

 
—

 
148,261

 
8,883

 
—

 
157,144

Equity in earnings of subsidiaries
191,471

 
—

 
(1,033
)
 
—

 
(190,438
)
 
—

Equity in earnings of equity investees
—

 
—

 
34,805

 
—

 
—

 
34,805

Interest (expense) income, net
(122,060
)
 
—

 
10,436

 
(10,493
)
 
—

 
(122,117
)
Other expense
(2,276
)
 
—

 
—

 
—

 
—

 
(2,276
)
Income before income taxes
67,135

 
—

 
192,469

 
(1,610
)
 
(190,438
)
 
67,556

Income tax expense
—

 
—

 
(880
)
 
2

 
—

 
(878
)
NET INCOME
67,135

 
—

 
191,589

 
(1,608
)
 
(190,438
)
 
66,678

Net loss attributable to noncontrolling interest
—

 
—

 
—

 
457

 
—

 
457

NET INCOME ATTRIBUTABLE TO GENESIS ENERGY, L.P.
$
67,135

 
$
—

 
$
191,589

 
$
(1,151
)
 
$
(190,438
)
 
$
67,135

Less: Accumulated distributions attributable to Series A Convertible Preferred Units
(5,469
)
 
—

 
—

 
—

 
—

 
$
(5,469
)
NET INCOME AVAILABLE TO COMMON UNIT HOLDERS
$
61,666

 
$
—

 
$
191,589

 
$
(1,151
)
 
$
(190,438
)
 
$
61,666


Unaudited Condensed Consolidating Statement of Operations
Nine Months Ended September 30, 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
$
—

 
$
—

 
$
244,837

 


 
$
—

 
$
244,837

Sodium minerals and sulfur services
—

 
—

 
129,671

 
5,499

 
(5,585
)
 
129,585

Marine transportation
—

 
—

 
159,930

 
—

 
—

 
159,930

Onshore facilities and transportation
—

 
—

 
734,560

 
15,528

 
—

 
750,088

Total revenues
—

 
—

 
1,268,998

 
21,027

 
(5,585
)
 
1,284,440

COSTS AND EXPENSES:
 
 
 
 
 
 
 
 
 
 
 
Onshore facilities and transportation costs
—

 
—

 
691,763

 
831

 
—

 
692,594

Marine transportation costs
—

 
—

 
105,942

 
—

 
—

 
105,942

Sodium minerals and sulfur services operating costs
—

 
—

 
67,190

 
6,036

 
(5,585
)
 
67,641

Offshore pipeline transportation operating costs
—

 
—

 
61,882

 
1,850

 
—

 
63,732

General and administrative
—

 
—

 
34,716

 
—

 
—

 
34,716

Depreciation and amortization
—

 
—

 
154,925

 
1,875

 
—

 
156,800

Total costs and expenses
—

 
—

 
1,116,418

 
10,592

 
(5,585
)
 
1,121,425

OPERATING INCOME
—

 
—

 
152,580

 
10,435

 
—

 
163,015

Equity in earnings of subsidiaries
195,674

 
—

 
(50
)
 
—

 
(195,624
)
 
—

Equity in earnings of equity investees
—

 
—

 
35,362

 
—

 
—

 
35,362

Interest (expense) income, net
(104,543
)
 
—

 
10,861

 
(10,975
)
 
—

 
(104,657
)
Other expense
—

 
—

 
—

 
—

 
—

 
—

Income before income taxes
91,131

 
—

 
198,753

 
(540
)
 
(195,624
)
 
93,720

Income tax (expense) benefit
—

 
—

 
(2,956
)
 
(3
)
 
—

 
(2,959
)
NET INCOME
91,131

 
—

 
195,797

 
(543
)
 
(195,624
)
 
90,761

Net loss attributable to noncontrolling interest
—

 
—

 
—

 
370

 
—

 
370

NET INCOME ATTRIBUTABLE TO GENESIS ENERGY, L.P.
$
91,131

 
$
—

 
$
195,797

 
$
(173
)
 
$
(195,624
)
 
$
91,131

Less: Accumulated distributions attributable to Series A Convertible Preferred Units
—

 
—

 
—

 
—

 
—

 
$
—

NET INCOME AVAILABLE TO COMMON UNIT HOLDERS
$
91,131

 
$
—

 
$
195,797

 
$
(173
)
 
$
(195,624
)
 
$
91,131




Unaudited Condensed Consolidating Statement of Cash Flows
Nine Months Ended September 30, 2017
 
 
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 provided by operating activities
$
142,721

 
$
—

 
$
333,709

 
$
(8,346
)
 
$
(250,294
)
 
$
217,790

CASH FLOWS FROM INVESTING ACTIVITIES:
 
 
 
 
 
 
 
 
 
 
 
Payments to acquire fixed and intangible assets
—

 
—

 
(182,653
)
 
—

 
—

 
(182,653
)
Cash distributions received from equity investees - return of investment
—

 
—

 
14,517

 
—

 
—

 
14,517

Investments in equity investees
(140,513
)
 
—

 
—

 
—

 
140,513

 
—

Acquisitions
—

 
—

 
(1,325,759
)
 
—

 
—

 
(1,325,759
)
Intercompany transfers
(1,238,585
)
 
—

 
—

 
—

 
1,238,585

 
—

Repayments on loan to non-guarantor subsidiary
—

 
—

 
(159
)
 
—

 
159

 
—

Contributions in aid of construction costs
—

 
—

 
124

 
—

 
—

 
124

Proceeds from asset sales
—

 
—

 
39,204

 
—

 
—

 
39,204

Other, net
—

 
—

 
—

 
—

 
—

 
—

Net cash used in investing activities
(1,379,098
)
 
—

 
(1,454,726
)
 
—

 
1,379,257

 
(1,454,567
)
CASH FLOWS FROM FINANCING ACTIVITIES:
 
 
 
 
 
 
 
 
 
 
 
Borrowings on senior secured credit facility
1,247,700

 
—

 
—

 
—

 
—

 
1,247,700

Repayments on senior secured credit facility
(1,153,400
)
 
—

 
—

 
—

 
—

 
(1,153,400
)
Proceeds from issuance of senior unsecured notes
550,000

 
—

 
—

 
—

 
—

 
550,000

Proceeds from issuance of Series A convertible preferred units, net

729,958

 
—

 
—

 
—

 
—

 
729,958

Debt issuance costs
(17,808
)
 
—

 
—

 
—

 
—

 
(17,808
)
Intercompany transfers
—

 
—

 
1,242,475

 
(3,890
)
 
(1,238,585
)
 
—

Issuance of common units for cash, net
140,513

 
—

 
140,513

 
—

 
(140,513
)
 
140,513

Distributions to common unitholders
(260,586
)
 
—

 
(260,586
)
 
—

 
260,586

 
(260,586
)
Contributions from noncontrolling interest
—

 
—

 
—

 
1,850

 
—

 
1,850

Other, net
—

 
—

 
1,215

 
10,451

 
(10,451
)
 
1,215

Net cash used in financing activities
1,236,377

 
—

 
1,123,617

 
8,411

 
(1,128,963
)
 
1,239,442

Net increase in cash and cash equivalents
—

 
—

 
2,600

 
65

 
—

 
2,665

Cash and cash equivalents at beginning of period
6

 
—

 
6,360

 
663

 
—

 
7,029

Cash and cash equivalents at end of period
$
6

 
$
—

 
$
8,960

 
$
728

 
$
—

 
$
9,694

 Unaudited Condensed Consolidating Statement of Cash Flows
Nine Months Ended September 30, 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 provided by operating activities
$
122,884

 
$
—

 
$
310,723

 
$
6,781

 
$
(211,991
)
 
$
228,397

CASH FLOWS FROM INVESTING ACTIVITIES:
 
 
 
 
 
 
 
 
 
 
 
Payments to acquire fixed and intangible assets
—

 
—

 
(363,218
)
 
—

 
—

 
(363,218
)
Cash distributions received from equity investees - return of investment
—

 
—

 
16,652

 
—

 
—

 
16,652

Investments in equity investees
(298,051
)
 
—

 
—

 
—

 
298,051

 
—

Acquisitions
—

 
—

 
(25,394
)
 
—

 
—

 
(25,394
)
Intercompany transfers
54,148

 
—

 
—

 
—

 
(54,148
)
 
—

Repayments on loan to non-guarantor subsidiary
—

 
—

 
4,526

 
—

 
(4,526
)
 
—

Contributions in aid of construction costs
—

 
—

 
12,208

 
—

 
—

 
12,208

Proceeds from asset sales
—

 
—

 
3,303

 
—

 
—

 
3,303

Other, net
—

 
—

 
185

 
—

 
—

 
185

Net cash used in investing activities
(243,903
)
 
—

 
(351,738
)
 
—

 
239,377

 
(356,264
)
CASH FLOWS FROM FINANCING ACTIVITIES:
 
 
 
 
 
 
 
 
 
 
 
Borrowings on senior secured credit facility
883,600

 
—

 
—

 
—

 
—

 
883,600

Repayments on senior secured credit facility
(831,600
)
 
—

 
—

 
—

 
—

 
(831,600
)
Debt issuance costs
(1,578
)
 
—

 
—

 
—

 
—

 
(1,578
)
Intercompany transfers
—

 
—

 
(35,144
)
 
(19,004
)
 
54,148

 
—

Issuance of common units for cash, net
298,051

 
—

 
298,051

 
—

 
(298,051
)
 
298,051

Distributions to common unitholders
(227,454
)
 
—

 
(227,454
)
 
—

 
227,454

 
(227,454
)
Other, net
—

 
—

 
(600
)
 
10,937

 
(10,937
)
 
(600
)
Net cash provided by financing activities
121,019

 
—

 
34,853

 
(8,067
)
 
(27,386
)
 
120,419

Net decrease in cash and cash equivalents
—

 
—

 
(6,162
)
 
(1,286
)
 
—

 
(7,448
)
Cash and cash equivalents at beginning of period
6

 
—

 
8,288

 
2,601

 
—

 
10,895

Cash and cash equivalents at end of period
$
6

 
$
—

 
$
2,126

 
$
1,315

 
$
—

 
$
3,447