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Condensed Consolidating Financial Information (Tables)
9 Months Ended
Sep. 30, 2018
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, 2018

 
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

 
$
—

 
$
9,114

 
$
2,758

 
$
—

 
$
11,878

Other current assets
75

 
—

 
737,367

 
12,152

 
(48
)
 
749,546

Total current assets
81

 
—

 
746,481

 
14,910

 
(48
)
 
761,424

Fixed assets, at cost
—

 
—

 
5,328,399

 
77,585

 
—

 
5,405,984

Less: Accumulated depreciation
—

 
—

 
(854,241
)
 
(28,592
)
 
—

 
(882,833
)
Net fixed assets
—

 
—

 
4,474,158

 
48,993

 
—

 
4,523,151

Mineral Leaseholds
—

 
—

 
561,593

 
—

 
—

 
561,593

Goodwill
—

 
—

 
325,046

 
—

 
—

 
325,046

Other assets, net
11,574

 
—

 
440,330

 
119,979

 
(164,397
)
 
407,486

Advances to affiliates
3,626,049

 
—

 
—

 
97,840

 
(3,723,889
)
 
—

Equity investees
—

 
—

 
356,468

 
—

 
—

 
356,468

Investments in subsidiaries
2,691,191

 
—

 
80,157

 
—

 
(2,771,348
)
 
—

Total assets
$
6,328,895

 
$
—

 
$
6,984,233

 
$
281,722

 
$
(6,659,682
)
 
$
6,935,168

LIABILITIES AND CAPITAL
 
 
 
 
 
 
 
 
 
 
 
Current liabilities
$
55,001

 
$
—

 
$
369,890

 
$
5,352

 
$
(237
)
 
$
430,006

Senior secured credit facility
1,220,700

 
—

 
—

 
—

 
—

 
1,220,700

Senior unsecured notes
2,460,486

 
—

 
—

 
—

 
—

 
2,460,486

Deferred tax liabilities
—

 
—

 
12,293

 
—

 
—

 
12,293

Advances from affiliates
—

 
—

 
3,723,793

 
—

 
(3,723,793
)
 
—

Other liabilities
48,572

 
—

 
193,480

 
198,025

 
(164,254
)
 
275,823

Total liabilities
3,784,759

 
—

 
4,299,456

 
203,377

 
(3,888,284
)
 
4,399,308

Mezzanine Capital:
 
 
 
 
 
 
 
 
 
 
 
Class A Convertible Preferred Units
744,727

 
—

 
—

 
—

 
—

 
744,727

Partners’ capital, common units
1,799,409

 
—

 
2,685,381

 
86,017

 
(2,771,398
)
 
1,799,409

Accumulated other comprehensive loss(1)
—

 
—

 
(604
)
 
—

 
—

 
(604
)
Noncontrolling interests
—

 
—

 
—

 
(7,672
)
 
—

 
(7,672
)
Total liabilities, mezzanine capital and partners’ capital
$
6,328,895

 
$
—

 
$
6,984,233

 
$
281,722

 
$
(6,659,682
)
 
$
6,935,168

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

Unaudited 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 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 plan held within our Guarantor Subsidiaries.
















Unaudited Condensed Consolidating Statement of Operations
Three Months Ended September 30, 2018
 
 
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
$
—

 
$
—

 
$
70,115

 
$
—

 
$
—

 
$
70,115

Sodium minerals and sulfur services
—

 
—

 
290,837

 
2,922

 
(2,037
)
 
291,722

Marine transportation
—

 
—

 
56,296

 
—

 
—

 
56,296

Onshore facilities and transportation
—

 
—

 
322,275

 
4,870

 
—

 
327,145

Total revenues
—

 
—

 
739,523

 
7,792

 
(2,037
)
 
745,278

COSTS AND EXPENSES:
 
 
 
 
 
 
 
 
 
 
 
Onshore facilities and transportation costs
—

 
—

 
294,969

 
287

 
—

 
295,256

Marine transportation costs
—

 
—

 
44,195

 
—

 
—

 
44,195

Sodium minerals and sulfur services operating costs
—

 
—

 
228,721

 
2,520

 
(2,037
)
 
229,204

Offshore pipeline transportation operating costs
—

 
—

 
17,217

 
536

 
—

 
17,753

General and administrative
—

 
—

 
24,209

 
—

 
—

 
24,209

Depreciation, depletion and amortization
—

 
—

 
85,229

 
6,647

 
—

 
91,876

Gain on sale of assets
—

 
—

 
(3,363
)
 
—

 
—

 
(3,363
)
Total costs and expenses
—

 
—

 
691,177

 
9,990

 
(2,037
)
 
699,130

OPERATING INCOME
—

 
—

 
48,346

 
(2,198
)
 
—

 
46,148

Equity in earnings of subsidiaries
57,078

 
—

 
(4,047
)
 
—

 
(53,031
)
 
—

Equity in earnings of equity investees
—

 
—

 
9,492

 
—

 
—

 
9,492

Interest (expense) income, net
(59,229
)
 
—

 
3,683

 
(3,273
)
 
—

 
(58,819
)
Other income
1,828

 
—

 
—

 
—

 
—

 
1,828

Income before income taxes
(323
)
 
—

 
57,474

 
(5,471
)
 
(53,031
)
 
(1,351
)
Income tax benefit (expense)
—

 
—

 
(383
)
 
100

 
—

 
(283
)
NET INCOME (LOSS)
(323
)
 
—

 
57,091

 
(5,371
)
 
(53,031
)
 
(1,634
)
Net loss attributable to noncontrolling interest
—

 
—

 
—

 
1,311

 
—

 
1,311

NET INCOME (LOSS) ATTRIBUTABLE TO GENESIS ENERGY, L.P.
$
(323
)
 
$
—

 
$
57,091

 
$
(4,060
)
 
$
(53,031
)
 
$
(323
)
Less: Accumulated distributions attributable to Class A Convertible Preferred Units
$
(17,635
)
 
$
—

 
$
—

 
$
—

 
$
—

 
$
(17,635
)
NET INCOME (LOSS) AVAILABLE TO COMMON UNIT HOLDERS
$
(17,958
)
 
$
—

 
$
57,091

 
$
(4,060
)
 
$
(53,031
)
 
$
(17,958
)















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 costs
—

 
—

 
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, depletion 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 (LOSS)
6,312

 
—

 
56,010

 
(579
)
 
(55,583
)
 
6,160

Net loss attributable to noncontrolling interest
—

 
—

 
—

 
152

 
—

 
152

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

 
$
—

 
$
56,010

 
$
(427
)
 
$
(55,583
)
 
$
6,312

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

 
—

 
—

 
—

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

 
$
—

 
$
56,010

 
$
(427
)
 
$
(55,583
)
 
$
843









Unaudited Condensed Consolidating Statement of Operations
Nine Months Ended September 30, 2018
 
 
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
$
—

 
$
—

 
$
213,344

 
$
—

 
$
—

 
$
213,344

Sodium minerals and sulfur services
—

 
—

 
873,863

 
9,056

 
(6,406
)
 
876,513

Marine transportation
—

 
—

 
161,410

 
—

 
—

 
161,410

Onshore facilities and transportation
—

 
—

 
957,618

 
14,589

 
—

 
972,207

Total revenues
—

 
—

 
2,206,235

 
23,645

 
(6,406
)
 
2,223,474

COSTS AND EXPENSES:
 
 
 
 
 
 
 
 
 
 
 
Onshore facilities and transportation costs
—

 
—

 
900,638

 
836

 
—

 
901,474

Marine transportation costs
—

 
—

 
126,259

 
—

 
—

 
126,259

Sodium minerals and sulfur services
 operating costs
—

 
—

 
683,989

 
7,636

 
(6,406
)
 
685,219

Offshore pipeline transportation operating costs
—

 
—

 
51,688

 
1,845

 
—

 
53,533

General and administrative
—

 
—

 
49,412

 
—

 
—

 
49,412

Depreciation, depletion and amortization
—

 
—

 
236,914

 
7,897

 
—

 
244,811

Gain on sale of assets
—

 
—

 
(3,363
)
 
—

 
—

 
(3,363
)
Total costs and expenses
—

 
—

 
2,045,537

 
18,214

 
(6,406
)
 
2,057,345

OPERATING INCOME
—

 
—

 
160,698

 
5,431

 
—

 
166,129

Equity in earnings of subsidiaries
196,103

 
—

 
(2,518
)
 
—

 
(193,585
)
 
—

Equity in earnings of equity investees
—

 
—

 
28,388

 
—

 
—

 
28,388

Interest (expense) income, net
(173,791
)
 
—

 
10,887

 
(9,960
)
 
—

 
(172,864
)
Other expense
(3,604
)
 
—

 
—

 
—

 
—

 
(3,604
)
Income before income taxes
18,708

 
—

 
197,455

 
(4,529
)
 
(193,585
)
 
18,049

Income tax benefit (expense)
—

 
—

 
(1,238
)
 
324

 
—

 
(914
)
NET INCOME (LOSS)
18,708

 
—

 
196,217

 
(4,205
)
 
(193,585
)
 
17,135

Net loss attributable to noncontrolling interest
—

 
—

 
—

 
1,573

 
—

 
1,573

NET INCOME (LOSS) ATTRIBUTABLE TO GENESIS ENERGY, L.P.
$
18,708

 
$
—

 
$
196,217

 
$
(2,632
)
 
$
(193,585
)
 
$
18,708

Less: Accumulated distributions attributable to Class A Convertible Preferred Units
(51,780
)
 
—

 
—

 
—

 
—

 
$
(51,780
)
NET INCOME(LOSS) AVAILABLE TO COMMON UNIT HOLDERS
$
(33,072
)
 
$
—

 
$
196,217

 
$
(2,632
)
 
$
(193,585
)
 
$
(33,072
)

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, depletion 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) benefit
—

 
—

 
(880
)
 
2

 
—

 
(878
)
NET INCOME (LOSS)
67,135

 
—

 
191,589

 
(1,608
)
 
(190,438
)
 
66,678

Net loss attributable to noncontrolling interest
—

 
—

 
—

 
457

 
—

 
457

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

 
$
—

 
$
191,589

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

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

 
—

 
—

 
—

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

 
$
—

 
$
191,589

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





Unaudited Condensed Consolidating Statement of Cash Flows
Nine Months Ended September 30, 2018
 
 
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
$
32,474

 
$
—

 
$
448,273

 
$
2,587

 
$
(175,770
)
 
$
307,564

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

 
—

 
(152,868
)
 
—

 
—

 
(152,868
)
Cash distributions received from equity investees - return of investment
—

 
—

 
26,042

 
—

 
—

 
26,042

Investments in equity investees
—

 
—

 
(2,960
)
 
—

 
—

 
(2,960
)
Intercompany transfers
182,662

 
—

 
—

 
—

 
(182,662
)
 
—

Repayments on loan to non-guarantor subsidiary
—

 
—

 
5,541

 
—

 
(5,541
)
 
—

Proceeds from asset sales
—

 
—

 
36,859

 
—

 
—

 
36,859

Net cash used in investing activities
182,662

 
—

 
(87,386
)
 
—

 
(188,203
)
 
(92,927
)
CASH FLOWS FROM FINANCING ACTIVITIES:
 
 
 
 
 
 
 
 
 
 
 
Borrowings on senior secured credit facility
759,800

 
—

 
—

 
—

 
—

 
759,800

Repayments on senior secured credit facility
(638,300
)
 
—

 
—

 
—

 
—

 
(638,300
)
Repayment of senior unsecured notes
(145,170
)
 
—

 
—

 
—

 
—

 
(145,170
)
Debt issuance costs
(242
)
 
—

 
—

 
—

 
—

 
(242
)
Intercompany transfers
—

 
—

 
(170,245
)
 
(12,417
)
 
182,662

 
—

Distributions to common unitholders
(191,224
)
 
—

 
(191,224
)
 
—

 
191,224

 
(191,224
)
Contributions from noncontrolling interest
—

 
—

 
—

 
1,980

 
—

 
1,980

Other, net
—

 
—

 
1,356

 
9,913

 
(9,913
)
 
1,356

Net cash used in financing activities
(215,136
)
 
—

 
(360,113
)
 
(524
)
 
363,973

 
(211,800
)
Net increase in cash and cash equivalents
—

 
—

 
774

 
2,063

 
—

 
2,837

Cash and cash equivalents at beginning of period
6

 
—

 
8,340

 
695

 
—

 
9,041

Cash and cash equivalents at end of period
$
6

 
$
—

 
$
9,114

 
$
2,758

 
$
—

 
$
11,878

 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 (used in) operating activities
$
142,721

 
$
—

 
$
322,309

 
$
(8,346
)
 
$
(250,294
)
 
$
206,390

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
—

 
—

 
25,917

 
—

 
—

 
25,917

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

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

 
(1,443,326
)
 
—

 
1,379,257

 
(1,443,167
)
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 Class 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 provided by 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