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Business Segment Information
 9 Months Ended
Sep. 30, 2019
Segment Reporting [Abstract]  
Business Segment Information Business Segment Information
We currently manage our businesses through four divisions that constitute our reportable segments:
•
Offshore pipeline transportation – offshore transportation of crude oil and natural gas in the Gulf of Mexico;
•
Sodium minerals and sulfur services – trona and trona-based exploring, mining, processing, producing, marketing and selling activities, as well as processing high sulfur (or “sour”) gas streams for refineries to remove the sulfur, and selling the related by-product, NaHS;
•
Onshore facilities and transportation – terminalling, blending, storing, marketing and transporting crude oil, petroleum products (primarily fuel oil, asphalt, and other heavy refined products) and CO2 ;and
•
Marine transportation – marine transportation to provide waterborne transportation of petroleum products and crude oil throughout North America.
Substantially all of our revenues are derived from, and substantially all of our assets are located in, the United States.
We define Segment Margin as revenues less product costs, operating expenses (excluding non-cash gains and charges, such as depreciation, depletion and amortization), and segment general and administrative expenses, plus our equity in distributable cash generated by our equity investees. In addition, our Segment Margin definition excludes the non-cash effects of our long-term incentive compensation plan and includes the non-income portion of payments received under direct financing leases.
Our chief operating decision maker (our Chief Executive Officer) evaluates segment performance based on a variety of measures including Segment Margin, segment volumes, where relevant, and capital investment. 
Segment information for the periods presented below was as follows:
 
Offshore Pipeline Transportation
 
Sodium Minerals & Sulfur Services
 
Onshore Facilities & Transportation
 
Marine Transportation
 
Total
Three Months Ended September 30, 2019
 
 
 
 
 
 
 
 
 
Segment margin (a)
$
81,060

 
$
55,258

 
$
24,829

 
$
14,672

 
$
175,819

Capital expenditures (b)
$
1,996

 
$
26,415

 
$
1,599

 
$
12,741

 
$
42,751

Revenues:
 
 
 
 
 
 
 
 
 
External customers
$
79,738

 
$
279,416

 
$
205,913

 
$
56,630

 
$
621,697

Intersegment (c)
—

 
(1,889
)
 
(885
)
 
2,774

 
—

Total revenues of reportable segments
$
79,738

 
$
277,527

 
$
205,028

 
$
59,404

 
$
621,697

Three Months Ended September 30, 2018
 
 
 
 
 
 
 
 
 
Segment margin (a)
$
70,963

 
$
63,942

 
$
36,189

 
$
12,113

 
$
183,207

Capital expenditures (b)
$
564

 
$
20,819

 
$
16,700

 
$
4,936

 
$
43,019

Revenues:
 
 
 
 
 
 
 
 
 
External customers
$
70,115

 
$
293,491

 
$
327,844

 
$
53,828

 
$
745,278

Intersegment (c)
—

 
(1,769
)
 
(699
)
 
2,468

 
—

Total revenues of reportable segments
$
70,115

 
$
291,722

 
$
327,145

 
$
56,296

 
$
745,278

Nine Months Ended September 30, 2019
 
 
 
 
 
 
 
 
 
Segment Margin (a)
$
233,978

 
$
171,602

 
$
86,352

 
$
41,563

 
$
533,495

Capital expenditures (b)
$
4,975

 
$
75,258

 
$
5,383

 
$
29,665

 
$
115,281

Revenues:
 
 
 
 
 
 
 
 
 
External customers
$
236,482

 
$
833,278

 
$
640,716

 
$
166,015

 
1,876,491

Intersegment (c)
—

 
(5,659
)
 
(3,086
)
 
8,745

 
—

Total revenues of reportable segments
$
236,482

 
$
827,619

 
$
637,630

 
$
174,760

 
$
1,876,491

Nine Months Ended September 30, 2018
 
 
 
 
 
 
 
 
 
Segment Margin (a)
$
215,738

 
$
192,875

 
$
83,622

 
$
35,066

 
$
527,301

Capital expenditures (b)
$
2,665

 
$
49,078

 
$
52,559

 
$
25,615

 
$
129,917

Revenues:
 
 
 
 
 
 
 
 
 
External customers
$
213,344

 
$
881,822

 
$
976,193

 
$
152,115

 
2,223,474

Intersegment (c)
—

 
(5,309
)
 
(3,986
)
 
9,295

 
—

Total revenues of reportable segments
$
213,344

 
$
876,513

 
$
972,207

 
$
161,410

 
$
2,223,474

Total assets by reportable segment were as follows:
 
September 30,
2019
 
December 31,
2018
Offshore pipeline transportation
$
2,307,072

 
$
2,359,013

Sodium minerals and sulfur services
1,991,392

 
1,844,845

Onshore facilities and transportation
1,435,504

 
1,431,910

Marine Transportation
771,235

 
800,243

Other assets
55,478

 
43,060

Total consolidated assets
$
6,560,681

 
$
6,479,071

 
(a)
A reconciliation of total Segment Margin to net income (loss) attributable to Genesis Energy, L.P. for the periods is presented below.
(b)
Capital expenditures include maintenance and growth capital expenditures, such as fixed asset additions (including enhancements to existing facilities and construction of growth projects) as well as contributions to equity investees.
(c)
Intersegment sales were conducted under terms that we believe were no more or less favorable than then-existing market conditions.
Reconciliation of total Segment Margin to net income (loss) attributable to Genesis Energy, L.P:
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
2019
 
2018
 
2019
 
2018
Total Segment Margin
$
175,819

 
$
183,207

 
$
533,495

 
$
527,301

Corporate general and administrative expenses
(15,276
)
 
(23,760
)
 
(39,878
)
 
(47,686
)
Depreciation, depletion, amortization and accretion
(87,209
)
 
(94,522
)
 
(233,250
)
 
(252,392
)
Interest expense
(54,673
)
 
(58,819
)
 
(165,881
)
 
(172,864
)
Adjustment to exclude distributable cash generated by equity investees not included in income and include equity in investees net income (1)
(7,682
)
 
(7,552
)
 
(18,185
)
 
(26,646
)
Other non-cash items
9,880

 
(999
)
 
(7,223
)
 
(7,774
)
Cash payments from direct financing leases in excess of earnings
(2,131
)
 
(1,931
)
 
(6,238
)
 
(5,654
)
Loss on extinguishment of debt
—

 
—

 
—

 
(3,339
)
Differences in timing of cash receipts for certain contractual arrangements (2)
(1,249
)
 
792

 
10,886

 
5,271

Gain on sale of assets
—

 
3,363

 
—

 
3,363

Non-cash provision for leased items no longer in use
461

 
181

 
833

 
42

Redeemable noncontrolling interest redemption value adjustments (3)
(272
)
 
—

 
(272
)
 
—

Income tax expense
(111
)
 
(283
)
 
(656
)
 
(914
)
Net income (loss) attributable to Genesis Energy, L.P.
$
17,557

 
$
(323
)
 
$
73,631

 
$
18,708


(1)
Includes distributions attributable to the quarter and received during or promptly following such quarter.
(2)
Includes the difference in timing of cash receipts from customers during the period and the revenue we recognize in accordance with GAAP on our related contracts.
(3) Includes distributions paid in kind attributable to the period and accretion on the redemption feature.