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



Condensed Consolidating Balance Sheet
December 31, 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	$	—	$	8,340		$	695		$	—		$	9,041
Other current assets	50		—		614,682			12,316			(56		)	626,992
Total current assets	56		—		623,022			13,011			(56		)	636,033
Fixed Assets, at cost	—		—		5,523,431			77,584			—			5,601,015
Less: Accumulated depreciation	—		—		(708,269		)	(26,717		)	—			(734,986		)
Net fixed assets	—		—		4,815,162			50,867			—			4,866,029
Mineral Leaseholds	—		—		564,506			—			—			564,506
Goodwill	—		—		325,046			—			—			325,046
Other assets, net	14,083		—		378,371			126,300			(154,437		)	364,317
Advances to affiliates	3,808,712		—		—			85,423			(3,894,135		)	—
Equity investees and other investments	—		—		381,550			—			—			381,550
Investments in subsidiaries	2,689,861		—		82,616			—			(2,772,477		)	—
Total assets	$	6,512,712	$	—	$	7,170,273		$	275,601		$	(6,821,105	)	$	7,137,481
LIABILITIES AND CAPITAL
Current liabilities	$	46,086	$	—	$	399,017		$	11,417		$	(256	)	$	456,264
Senior secured credit facilities	1,099,200		—		—			—			—			1,099,200
Senior unsecured notes	2,598,918		—		—			—			—			2,598,918
Deferred tax liabilities	—		—		11,913			—			—			11,913
Advances from affiliates	—		—		3,894,027			—			(3,894,027		)	—
Other liabilities	45,210		—		182,414			183,237			(154,290		)	256,571
Total liabilities	3,789,414		—		4,487,371			194,654			(4,048,573		)	4,422,866
Mezzanine Capital:
Class A Convertible Preferred Units	697,151		—		—			—			—			697,151
Partners’ capital, common units	2,026,147		—		2,683,506			89,026			(2,772,532		)	2,026,147
Accumulated other comprehensive income (loss)⁽¹⁾	—		—		(604		)	—			—			(604		)
Noncontrolling interests	—		—		—			(8,079		)	—			(8,079		)
Total liabilities, mezzanine capital and partners’ capital	$	6,512,712	$	—	$	7,170,273		$	275,601		$	(6,821,105	)	$	7,137,481

⁽¹⁾The entire balance and activity within Accumulated Other Comprehensive Income is related to our pension held within our Guarantor Subsidiaries.



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 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 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
Mezzanine Capital
Class A Convertible Preferred Units	—		—		—			—			—			—
Partners' capital	2,130,331		—		2,586,192			89,727			(2,675,919		)	2,130,331
Accumulated other comprehensive income (loss)	—		—		—			—			—			—
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



Condensed Consolidating Statement of Operations
Year Ended December 31, 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	$	—		$	—	$	318,239		$	—		$	—		$	318,239
Sodium minerals and sulfur services	—			—		460,790			9,252			(7,420		)	462,622
Marine transportation	—			—		205,287			—			—			205,287
Onshore facilities and transportation	—			—		1,023,293			18,936			—			1,042,229
Total revenues	—			—		2,007,609			28,188			(7,420		)	2,028,377
COSTS AND EXPENSES:
Onshore facilities and transportation costs	—			—		967,558			1,089			—			968,647
Marine transportation costs	—			—		154,606			—			—			154,606
Sodium minerals and sulfur services operating costs	—			—		332,209			9,129			(7,420		)	333,918
Offshore pipeline transportation operating costs	—			—		69,225			2,840			—			72,065
General and administrative	—			—		66,421			—			—			66,421
Depreciation and amortization	—			—		249,980			2,500			—			252,480
Gain on sale of assets	—			—		(40,311		)	—			—			(40,311		)
Total costs and expenses	—			—		1,799,688			15,558			(7,420		)	1,807,826
OPERATING INCOME	—			—		207,921			12,630			—			220,551
Equity in earnings of equity investees	—			—		51,046			—			—			51,046
Equity in earnings of subsidiaries	276,341			—		(520		)	—			(275,821		)	—
Interest (expense) income, net	(176,979		)	—		14,122			(13,905		)	—			(176,762		)
Other expense	(16,715		)	—		—			—			—			(16,715		)
Income before income taxes	82,647			—		272,569			(1,275		)	(275,821		)	78,120
Income tax benefit (expense)	—			—		3,928			31			—			3,959
NET INCOME	82,647			—		276,497			(1,244		)	(275,821		)	82,079
Net loss attributable to noncontrolling interests	—			—		—			568			—			568
NET INCOME ATTRIBUTABLE TO GENESIS ENERGY, L.P.	$	82,647		$	—	$	276,497		$	(676	)	$	(275,821	)	$	82,647
Less: Accumulated distributions attributable to Class A Convertible Preferred Units	(21,995		)	—		—			—			—			(21,995		)
NET INCOME AVAILABLE TO COMMON UNIT HOLDERS	$	60,652		$	—	$	276,497		$	(676	)	$	(275,821	)	$	60,652



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
Sodium minerals and sulfur services	—			—		171,389			7,873			(7,759		)	171,503
Marine transportation	—			—		213,021			—			—			213,021
Onshore facilities and transportation	—			—		972,794			20,496			—			993,290
Total revenues	—			—		1,691,883			28,369			(7,759		)	1,712,493
COSTS AND EXPENSES:
Onshore facilities and transportation costs	—			—		923,567			1,060			—			924,627
Marine transportation costs	—			—		142,551			—			—			142,551
Sodium minerals and sulfur 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		)
Other expense, net	—			—		—			—			—			—
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 interests	—			—		—			2,167			—			2,167
NET INCOME ATTRIBUTABLE TO GENESIS ENERGY, L.P.	$	113,249		$	—	$	253,212		$	(6,908	)	$	(246,304	)	$	113,249
Less: Accumulated distributions attributable to Class A Convertible Preferred Units	—			—		—			—			—			—
NET INCOME AVAILABLE TO COMMON UNIT HOLDERS	$	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
Sodium minerals and sulfur services	—			—		175,132			11,942			(9,194		)	177,880
Marine transportation	—			—		238,757			—			—			238,757
Onshore facilities and transportation	—			—		1,665,917			23,745			—			1,689,662
Total revenues	—			—		2,217,487			38,236			(9,194		)	2,246,529
COSTS AND EXPENSES:
Onshore facilities and transportation costs	—			—		1,601,972			836			—			1,602,808
Marine transportation costs	—			—		135,200			—			—			135,200
Sodium minerals and sulfur 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		)	—
Gain on basis step up on historical interest	—			—		332,380			—			—			332,380
Interest (expense) income, net	(100,494		)	—		15,042			(15,144		)	—			(100,596		)
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 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
Less: Accumulated distributions attributable to Class A Convertible Preferred Units	$	—		$	—	$	—		$	—		$	—		—
NET INCOME AVAILABLE TO COMMON UNIT HOLDERS	$	422,528		$	—	$	542,399		$	1,880		$	(544,279	)	$	422,528



Condensed Consolidating Statement of Cash Flows
Year Ended December 31, 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 (used in) provided by operating activities	$	162,980		$	—	$	481,727		$	(4,585	)	$	(301,264	)	$	338,858
CASH FLOWS FROM INVESTING ACTIVITIES:
Payments to acquire fixed and intangible assets	—			—		(250,593		)	—			—			(250,593		)
Cash distributions received from equity investees - return of investment	—			—		20,280			—			—			20,280
Investments in equity investees	(140,513		)	—		(4,647		)	—			140,513			(4,647		)
Acquisitions	—			—		(1,325,759		)	—			—			(1,325,759		)
Intercompany transfers	(1,157,781		)	—		—			—			1,157,781			—
Repayments on loan to non-guarantor subsidiary	—			—		6,764			—			(6,764		)	—
Contributions in aid of construction costs	—			—		124			—			—			124
Proceeds from asset sales	—			—		85,722			—			—			85,722
Other, net	—			—		—			—			—			—
Net cash (used in) provided by investing activities	(1,298,294		)	—		(1,468,109		)	—			1,291,530			(1,474,873		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings on senior secured credit facility	1,458,700			—		—			—			—			1,458,700
Repayments on senior secured credit facility	(1,637,700		)	—		—			—			—			(1,637,700		)
Proceeds from issuance of senior unsecured notes, including premium	1,000,000			—		—			—			—			1,000,000
Proceeds from issuance of Class A convertible preferred units, net	726,419			—		—			—			—			726,419
Repayment of senior unsecured notes	(204,830		)	—		—			—			—			(204,830		)
Debt issuance costs	(25,913		)	—		—			—			—			(25,913		)
Intercompany transfers	—			—		1,169,781			(12,000		)	(1,157,781		)	—
Issuance of common units for cash, net	140,513			—		140,513			—			(140,513		)	140,513
Distributions to partners/owners	(321,875		)	—		(321,875		)	—			321,875			(321,875		)
Contributions from noncontrolling interest	—			—		—			2,770			—			2,770
Other, net	—			—		(57		)	13,847			(13,847		)	(57		)
Net cash provided by financing activities	1,135,314			—		988,362			4,617			(990,266		)	1,138,027
Net decrease in cash and cash equivalents	—			—		1,980			32			—			2,012
Cash and cash equivalents at beginning of period	6			—		6,360			663			—			7,029
Cash and cash equivalents at end of period	$	6		$	—	$	8,340		$	695		$	—		$	9,041



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 assets 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 (used in) financing activities	149,603			—		43,948			(11,524		)	(33,922		)	148,105
Net increase (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 asset 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	1,139,718			—		—			—			—			1,139,718
Repayment of senior secured notes	(350,000		)	—		—			—			—			(350,000		)
Debt issuance costs	(28,901		)	—		—			—			—			(28,901		)
Distribution to partners/owners	(256,389		)	—		(256,389		)	—			256,389			(256,389		)
Distributions to noncontrolling interest	—			—		(960		)	—			—			(960		)
Issuance of common units for cash, net	633,759			—		633,759			—			(633,759		)	633,759
Intercompany transfers	—			—		1,299,830			(58,857		)	(1,240,973		)	—
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