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Condensed Consolidating Financial Information
 12 Months Ended
Dec. 31, 2019
Condensed Financial Information Disclosure [Abstract]  
Condensed Consolidating Financial Information Disclosure Condensed Consolidating Financial Information
Our $2.5 billion aggregate principal amount of senior unsecured notes co-issued by Genesis Energy, L.P. and Genesis Energy Finance Corporation are fully and unconditionally guaranteed jointly and severally by all of Genesis Energy, L.P.’s current and future 100% owned domestic subsidiaries, except the subsidiaries that hold our Alkali Business, Genesis Free State Pipeline, LLC, Genesis NEJD Pipeline, LLC and certain other minor subsidiaries. Genesis NEJD Pipeline, LLC is 100% owned by Genesis Energy, L.P., the parent company. The remaining non-guarantor subsidiaries are owned by Genesis Crude Oil, L.P., a guarantor subsidiary. As a general rule, the assets and credit of our unrestricted subsidiaries are not available to satisfy the Partnership's debts, and the liabilities of our unrestricted subsidiaries do not constitute obligations of the Partnership except, in the case of the Alkali Business, to the extent agreed to in the services agreement between the Partnership and Alkali Holdings dated as of September 23, 2019. Genesis Energy Finance Corporation has no independent assets or operations. See Note 11 for additional information regarding our consolidated debt obligations.
On September 23, 2019, the Company announced the expansion of its Granger facility which included designating the Alkali Business as unrestricted subsidiaries of the Company under our indentures. Following such designation, the Alkali Business no longer guarantees our notes. The Alkali Business was historically presented as guarantor subsidiaries in footnote 18 and because of such designation will now be presented as non-guarantor subsidiaries. The changes made did not impact the Company's previously reported consolidated net operating results, financial position, or cash flows.
The condensed consolidating balance sheet as of December 31, 2018 and the condensed consolidating statements of operations and cash flows for the year ended December 31, 2018 and 2017 have been retrospectively adjusted to reflect these updates to our non-guarantor subsidiaries as though the Alkali Business had been presented as non-guarantor subsidiaries in all periods presented (consistent with our 8-K filed with the SEC on December 19, 2019).
The following is condensed consolidating financial information for Genesis Energy, L.P., the guarantor subsidiaries and the non-guarantor subsidiaries:

Condensed Consolidating Balance Sheet
December 31, 2019
 
 
 
 
 
 
 
 
 
 
 
 
 
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

 
$
—

 
$
7,269

 
$
21,853

 
$
—

 
$
29,128

Restricted cash
—

 
—

 
—

 
27,277

 
—

 
27,277

Other current assets
50

 
—

 
316,166

 
220,526

 
(73
)
 
536,669

Total current assets
56

 
—

 
323,435

 
269,656

 
(73
)
 
593,074

Fixed Assets, at cost
—

 
—

 
4,627,696

 
912,900

 
—

 
5,540,596

Less: Accumulated depreciation
—

 
—

 
(1,089,246
)
 
(156,875
)
 
—

 
(1,246,121
)
Net fixed assets
—

 
—

 
3,538,450

 
756,025

 
—

 
4,294,475

Mineral Leaseholds, net of accumulated depletion
—

 
—

 
—

 
555,825

 
—

 
555,825

Goodwill
—

 
—

 
301,959

 
—

 
—

 
301,959

Other assets, net of amortization
7,583

 
—

 
403,277

 
109,862

 
(180,008
)
 
340,714

Advances to affiliates
3,039,468

 
—

 
—

 
158,798

 
(3,198,266
)
 
—

Equity investees
—

 
—

 
334,523

 
—

 
—

 
334,523

Investments in subsidiaries
2,706,095

 
—

 
1,420,664

 
—

 
(4,126,759
)
 
—

Right of use assets, net
—

 
—

 
83,942

 
93,129

 
—

 
177,071

Total assets
$
5,753,202

 
$
—

 
$
6,406,250

 
$
1,943,295

 
$
(7,505,106
)
 
$
6,597,641

LIABILITIES AND CAPITAL
 
 
 
 
 
 
 
 
 
 
 
Current liabilities
$
39,015

 
$
—

 
$
253,926

 
$
122,673

 
$
(119
)
 
$
415,495

Senior secured credit facility
959,300

 
—

 
—

 
—

 
—

 
959,300

Senior unsecured notes, net of debt issuance costs
2,469,937

 
—

 
—

 
—

 
—

 
2,469,937

Deferred tax liabilities
—

 
—

 
12,640

 
—

 
—

 
12,640

Advances from affiliates
—

 
—

 
3,198,277

 
—

 
(3,198,277
)
 
—

Other liabilities
51,515

 
—

 
245,424

 
276,789

 
(179,878
)
 
393,850

Total liabilities
3,519,767

 
—

 
3,710,267

 
399,462

 
(3,378,274
)
 
4,251,222

Mezzanine Capital:
 
 
 
 
 
 
 
 
 
 
 
Class A Convertible Preferred Units
790,115

 
—

 
—

 
—

 
—

 
790,115

Redeemable noncontrolling interests
—

 
—

 
—

 
125,133

 
—

 
125,133

 
 
 
 
 
 
 
 
 
 
 
 
Partners’ capital, common units
1,443,320

 
—

 
2,695,983

 
1,430,849

 
(4,126,832
)
 
1,443,320

Accumulated other comprehensive income (loss)(1)
—

 
—

 
—

 
(8,431
)
 
—

 
(8,431
)
Noncontrolling interests
—

 
—

 
—

 
(3,718
)
 
—

 
(3,718
)
Total liabilities, mezzanine capital and partners’ capital
$
5,753,202

 
$
—

 
$
6,406,250

 
$
1,943,295

 
$
(7,505,106
)
 
$
6,597,641


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

Condensed Consolidating Balance Sheet
December 31, 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

 
$
—

 
$
4,924

 
$
5,370

 
$
—

 
$
10,300

Other current assets
50

 
—

 
229,411

 
203,683

 
(165
)
 
432,979

Total current assets
56

 
—

 
234,335

 
209,053

 
(165
)
 
443,279

Fixed Assets, at cost
—

 
—

 
4,602,164

 
838,694

 
—

 
5,440,858

Less: Accumulated depreciation
—

 
—

 
(926,830
)
 
(96,995
)
 
—

 
(1,023,825
)
Net fixed assets
—

 
—

 
3,675,334

 
741,699

 
—

 
4,417,033

Mineral Leaseholds, net of accumulated depletion
—

 
—

 
—

 
560,481

 
—

 
560,481

Goodwill
—

 
—

 
301,959

 
—

 
—

 
301,959

Other assets, net
10,776

 
—

 
435,540

 
122,538

 
(167,620
)
 
401,234

Advances to affiliates
3,305,568

 
—

 
—

 
105,917

 
(3,411,485
)
 
—

Equity investees
—

 
—

 
355,085

 
—

 
—

 
355,085

Investments in subsidiaries
2,648,510

 
—

 
1,413,334

 
—

 
(4,061,844
)
 
—

Total assets
$
5,964,910


$
—


$
6,415,587

 
$
1,739,688

 
$
(7,641,114
)
 
$
6,479,071

LIABILITIES AND CAPITAL
 
 
 
 
 
 
 
 
 
 
 
Current liabilities
$
39,342

 
$
—

 
$
177,104

 
$
116,498

 
$
(110
)
 
$
332,834

Senior secured credit facility
970,100

 
—

 
—

 
—

 
—

 
970,100

Senior unsecured notes, net of debt issuance costs
2,462,363

 
—

 
—

 
—

 
—

 
2,462,363

Deferred tax liabilities
—

 
—

 
12,576

 
—

 
—

 
12,576

Advances from affiliates
—

 
—

 
3,411,515

 
—

 
(3,411,515
)
 
—

Other liabilities
40,840

 
—

 
174,249

 
211,590

 
(167,481
)
 
259,198

Total liabilities
3,512,645

 
—

 
3,775,444

 
328,088

 
(3,579,106
)
 
4,037,071

Mezzanine Capital
 
 
 
 
 
 
 
 
 
 
 
Class A Convertible Preferred Units
761,466

 
—

 
—

 
—

 
—

 
761,466

 
 
 
 
 
 
 
 
 
 
 
 
Partners' capital, common units
1,690,799

 
—

 
2,640,143

 
1,421,865

 
(4,062,008
)
 
1,690,799

Accumulated other comprehensive income (loss) (1)
—

 
—

 
—

 
939

 
—

 
939

Noncontrolling interests
—

 
—

 
—

 
(11,204
)
 
—

 
(11,204
)
Total liabilities, mezzanine capital and partners’ capital
$
5,964,910

 
$
—

 
$
6,415,587

 
$
1,739,688

 
$
(7,641,114
)
 
$
6,479,071


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

Condensed Consolidating Statement of Operations
Year Ended December 31, 2019
 
 
 
 
 
 
 
 
 
 
 
 
 
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
$
—

 
$
—

 
$
318,116

 
$
—

 
$
—

 
$
318,116

Sodium minerals and sulfur services
—

 
—

 
260,675

 
852,949

 
(7,637
)
 
1,105,987

Marine transportation
—

 
—

 
235,645

 
—

 
—

 
235,645

Onshore facilities and transportation
—

 
—

 
802,735

 
18,337

 
—

 
821,072

Total revenues
—

 
—

 
1,617,171

 
871,286

 
(7,637
)
 
2,480,820

COSTS AND EXPENSES:
 
 
 
 
 
 
 
 
 
 
 
Onshore facilities and transportation costs
—

 
—

 
713,577

 
1,327

 
—

 
714,904

Marine transportation operating costs
—

 
—

 
178,032

 
—

 
—

 
178,032

Sodium minerals and sulfur services operating costs
—

 
—

 
200,845

 
690,484

 
(7,637
)
 
883,692

Offshore pipeline transportation operating costs
—

 
—

 
68,167

 
(9,171
)
 
—

 
58,996

General and administrative
—

 
—

 
51,191

 
1,496

 
—

 
52,687

Depreciation, depletion and amortization
—

 
—

 
242,227

 
77,579

 
—

 
319,806

Total costs and expenses
—

 
—

 
1,454,039

 
761,715

 
(7,637
)
 
2,208,117

OPERATING INCOME
—

 
—

 
163,132

 
109,571

 
—

 
272,703

Equity in earnings of equity investees
—

 
—

 
56,484

 
—

 
—

 
56,484

Equity in earnings of subsidiaries
327,257

 
—

 
96,263

 
—

 
(423,520
)
 
—

Interest expense, net
(222,232
)
 
—

 
12,211

 
(9,419
)
 
—

 
(219,440
)
Other expense
(9,026
)
 
—

 
—

 
—

 
—

 
(9,026
)
Income before income taxes
95,999

 
—

 
328,090

 
100,152

 
(423,520
)
 
100,721

Income tax expense
—

 
—

 
(649
)
 
(6
)
 
—

 
(655
)
NET INCOME
95,999

 
—

 
327,441

 
100,146

 
(423,520
)
 
100,066

Net income attributable to noncontrolling interests
—

 
—

 
—

 
(1,834
)
 
—

 
(1,834
)
Net income attributable to redeemable noncontrolling interests
—

 
—

 
—

 
(2,233
)
 
—

 
(2,233
)
NET INCOME ATTRIBUTABLE TO GENESIS ENERGY, L.P.
$
95,999

 
$
—

 
$
327,441

 
$
96,079

 
$
(423,520
)
 
$
95,999

Less: Accumulated distributions attributable to Class A Convertible Preferred Units
(74,467
)
 
—

 
—

 
—

 
—

 
(74,467
)
NET INCOME AVAILABLE TO COMMON UNIT HOLDERS
$
21,532

 
$
—

 
$
327,441

 
$
96,079

 
$
(423,520
)
 
$
21,532




Condensed Consolidating Statement of Operations
Year Ended December 31, 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
$
—

 
$
—

 
$
284,544

 
$
—

 
$
—

 
$
284,544

Sodium minerals and sulfur services
—

 
—

 
333,495

 
856,221

 
(15,282
)
 
1,174,434

Marine transportation
—

 
—

 
219,937

 
—

 
—

 
219,937

Onshore facilities and transportation
—

 
—

 
1,214,235

 
19,620

 
—

 
1,233,855

Total revenues
—

 
—

 
2,052,211

 
875,841

 
(15,282
)
 
2,912,770

COSTS AND EXPENSES:
 
 
 
 
 
 
 
 
 
 
 
Onshore facilities and transportation costs
—

 
—

 
1,125,528

 
1,202

 
—

 
1,126,730

Marine transportation operating costs
—

 
—

 
172,527

 
—

 
—

 
172,527

Sodium minerals and sulfur services operating costs
—

 
—

 
259,573

 
668,200

 
(15,282
)
 
912,491

Offshore pipeline transportation operating costs
—

 
—

 
64,272

 
2,396

 
—

 
66,668

General and administrative
—

 
—

 
65,481

 
1,417

 
—

 
66,898

Depreciation, depletion and amortization
—

 
—

 
249,820

 
63,370

 
—

 
313,190

Gain on sale of assets
—

 
—

 
(42,264
)
 
—

 
—

 
(42,264
)
Impairment expense
—

 
—

 
100,093

 
26,189

 
—

 
126,282

Total costs and expenses
—

 
—

 
1,995,030

 
762,774

 
(15,282
)
 
2,742,522

OPERATING INCOME
—

 
—

 
57,181

 
113,067

 
—

 
170,248

Equity in earnings of equity investees
—

 
—

 
43,626

 
—

 
—

 
43,626

Equity in earnings of subsidiaries
219,615

 
—

 
107,684

 
—

 
(327,299
)
 
—

Interest expense, net
(230,713
)
 
—

 
13,027

 
(11,505
)
 
—

 
(229,191
)
Other income
5,023

 
—

 
—

 
—

 
—

 
5,023

Income before income taxes
(6,075
)
 
—

 
221,518

 
101,562

 
(327,299
)
 
(10,294
)
Income tax expense
—

 
—

 
(1,727
)
 
229

 
—

 
(1,498
)
NET INCOME (LOSS)
(6,075
)
 
—

 
219,791

 
101,791

 
(327,299
)
 
(11,792
)
Net loss attributable to noncontrolling interests
—

 
—

 
—

 
5,717

 
—

 
5,717

NET INCOME (LOSS) ATTRIBUTABLE TO GENESIS ENERGY, L.P.
$
(6,075
)
 
$
—

 
$
219,791

 
$
107,508

 
$
(327,299
)
 
$
(6,075
)
Less: Accumulated distributions attributable to Class A Convertible Preferred Units
(69,801
)
 
—

 
—

 
—

 
—

 
(69,801
)
NET INCOME (LOSS) AVAILABLE TO COMMON UNIT HOLDERS
$
(75,876
)
 
$
—

 
$
219,791

 
$
107,508

 
$
(327,299
)
 
$
(75,876
)

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
$
—

 
$
—

 
$
318,239

 
$
—

 
$
—

 
$
318,239

Sodium minerals and sulfur services
—

 
—

 
185,852

 
286,263

 
(9,493
)
 
462,622

Marine transportation
—

 
—

 
205,287

 
—

 
—

 
205,287

Onshore facilities and transportation
—

 
—

 
1,023,293

 
18,936

 
—

 
1,042,229

Total revenues
—

 
—

 
1,732,671

 
305,199

 
(9,493
)
 
2,028,377

COSTS AND EXPENSES:
 
 
 
 
 
 
 
 
 
 
 
Onshore facilities and transportation costs
—

 
—

 
967,558

 
1,089

 
—

 
968,647

Marine transportation operating costs
—

 
—

 
154,606

 
—

 
—

 
154,606

Sodium minerals and sulfur services operating costs
—

 
—

 
117,224

 
226,187

 
(9,493
)
 
333,918

Offshore pipeline transportation operating costs
—

 
—

 
69,225

 
2,840

 
—

 
72,065

General and administrative
—

 
—

 
65,862

 
559

 
—

 
66,421

Depreciation and amortization
—

 
—

 
232,303

 
20,177

 
—

 
252,480

Gain on sale of assets
—

 
—

 
(40,311
)
 
—

 
—

 
(40,311
)
Total costs and expenses
—

 
—

 
1,566,467

 
250,852

 
(9,493
)
 
1,807,826

OPERATING INCOME
—

 
—

 
166,204

 
54,347

 
—

 
220,551

Equity in earnings of equity investees
—

 
—

 
51,046

 
—

 
—

 
51,046

Equity in earnings of subsidiaries
276,341

 
—

 
41,494

 
—

 
(317,835
)
 
—

Interest expense, net
(176,979
)
 
—

 
13,825

 
(13,608
)
 
—

 
(176,762
)
Other expense
(16,715
)
 
—

 
—

 
—

 
—

 
(16,715
)
Income before income taxes
82,647

 
—

 
272,569

 
40,739

 
(317,835
)
 
78,120

Income tax benefit
—

 
—

 
3,928

 
31

 
—

 
3,959

NET INCOME
$
82,647

 
$
—

 
$
276,497

 
$
40,770

 
$
(317,835
)
 
$
82,079

Net loss attributable to noncontrolling interest
$
—

 
$
—

 
$
—

 
$
568

 
$
—

 
568

NET INCOME ATTRIBUTABLE TO GENESIS ENERGY, L.P.
$
82,647

 
$
—

 
$
276,497

 
$
41,338

 
$
(317,835
)
 
$
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

 
$
41,338

 
$
(317,835
)
 
$
60,652
















Condensed Consolidating Statement of Cash Flows
Year Ended December 31, 2019
 
 
 
 
 
 
 
 
 
 
 
 
 
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
$
101,385

 
$
—

 
$
585,788

 
$
82,070

 
$
(386,956
)
 
$
382,287

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

 
—

 
(80,141
)
 
(83,107
)
 
—

 
(163,248
)
Cash distributions received from equity investees - return of investment
—

 
—

 
21,250

 
—

 
—

 
21,250

Investments in equity investees
—

 
—

 
—

 
—

 
—

 
—

Intercompany transfers
222,595

 
—

 
—

 
—

 
(222,595
)
 
—

Repayments on loan to non-guarantor subsidiary
—

 
—

 
8,281

 
—

 
(8,281
)
 
—

Proceeds from asset sales
—

 
—

 
1,187

 
—

 
—

 
1,187

Net cash provided by (used in) provided by investing activities
222,595

 
—

 
(49,423
)
 
(83,107
)
 
(230,876
)
 
(140,811
)
CASH FLOWS FROM FINANCING ACTIVITIES:
 
 
 
 
 
 
 
 
 
 
 
Borrowings on senior secured credit facility
815,100

 
—

 
—

 
—

 
—

 
815,100

Repayments on senior secured credit facility
(825,900
)
 
—

 
—

 
—

 
—

 
(825,900
)
Proceeds from issuance of preferred units, net
—

 
—

 
—

 
122,900

 
—

 
122,900

Intercompany transfers
—

 
—

 
(220,897
)
 
(1,697
)
 
222,594

 
—

Distributions to partners/owners
(269,674
)
 
—

 
(269,674
)
 
(94,375
)
 
364,049

 
(269,674
)
Distributions to preferred unitholders
(43,506
)
 
—

 
(43,506
)
 
—

 
43,506

 
(43,506
)
Contributions from noncontrolling interest
—

 
—

 
—

 
5,652

 
—

 
5,652

Other, net
—

 
—

 
57

 
12,317

 
(12,317
)
 
57

Net cash provided by (used in) financing activities
(323,980
)
 
—

 
(534,020
)
 
44,797

 
617,832

 
(195,371
)
Net increase in cash and cash equivalents and restricted cash
—

 
—

 
2,345

 
43,760

 
—

 
46,105

Cash and cash equivalents and restricted cash at beginning of period
6

 
—

 
4,924

 
5,370

 
—

 
10,300

Cash and cash equivalents and restricted cash at end of period
$
6

 
$
—

 
$
7,269

 
$
49,130

 
$
—

 
$
56,405



Condensed Consolidating Statement of Cash Flows
Year Ended December 31, 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 (used in) provided by operating activities
$
28,784

 
$
—

 
$
514,096

 
$
207,870

 
$
(360,711
)
 
$
390,039

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

 
—

 
(114,887
)
 
(80,480
)
 
—

 
(195,367
)
Cash distributions received from equity investees - return of investment
—

 
—

 
28,979

 
—

 
—

 
28,979

Investments in equity investees
—

 
—

 
(3,018
)
 
—

 
—

 
(3,018
)
Intercompany transfers
503,144

 
—

 
—

 
—

 
(503,144
)
 
—

Repayments on loan to non-guarantor subsidiary
—

 
—

 
7,484

 
—

 
(7,484
)
 
—

Proceeds from assets sales
—

 
—

 
310,099

 
—

 
—

 
310,099

Net cash (used in) provided by investing activities
503,144

 
—

 
228,657

 
(80,480
)
 
(510,628
)
 
140,693

CASH FLOWS FROM FINANCING ACTIVITIES:
 
 
 
 
 
 
 
 
 
 
 
Borrowings on senior secured credit facility
980,700

 
—

 
—

 
—

 
—

 
980,700

Repayments on senior secured credit facility
(1,109,800
)
 
—

 
—

 
—

 
—

 
(1,109,800
)
Repayment of senior unsecured notes
(145,170
)
 
—

 
—

 
—

 
—

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

 
—

 
—

 
—

 
(242
)
Intercompany transfers
—

 
—

 
(485,506
)
 
(17,638
)
 
503,144

 
—

Distributions to partners/owners
(257,416
)
 
—

 
(257,416
)
 
(123,900
)
 
381,316

 
(257,416
)
Contributions from noncontrolling interest
—

 
—

 
—

 
2,592

 
—

 
2,592

Other, net
—

 
—

 
(137
)
 
13,121

 
(13,121
)
 
(137
)
Net cash provided by (used in) financing activities
(531,928
)
 
—

 
(743,059
)
 
(125,825
)
 
871,339

 
(529,473
)
Net increase in cash and cash equivalents
—

 
—

 
(306
)
 
1,565

 
—

 
1,259

Cash and cash equivalents at beginning of period
6

 
—

 
5,230

 
3,805

 
—

 
9,041

Cash and cash equivalents at end of period
$
6

 
$
—

 
$
4,924

 
$
5,370

 
$
—

 
$
10,300


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

 
$
—

 
$
448,873

 
$
30,467

 
$
(318,764
)
 
$
323,556

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

 
—

 
(236,151
)
 
(14,442
)
 
—

 
(250,593
)
Cash distributions received from equity investees - return of investment
—

 
—

 
35,582

 
—

 
—

 
35,582

Investments in equity investees
(140,513
)
 
—

 
(4,647
)
 
—

 
140,513

 
(4,647
)
Acquisitions
—

 
—

 
(759
)
 
(1,325,000
)
 
—

 
(1,325,759
)
Intercompany transfers
(1,157,781
)
 
—

 
(1,325,000
)
 
—

 
2,482,781

 
—

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

Net cash (used in) provided by investing activities
(1,298,294
)
 
—

 
(1,438,365
)
 
(1,339,442
)
 
2,616,530

 
(1,459,571
)
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
1,000,000

 
—

 
—

 
—

 
—

 
1,000,000

Proceeds from issuance of Series A convertible preferred
726,419

 
—

 
—

 
—

 
—

 
726,419

Repayment of senior secured notes
(204,830
)
 
—

 
—

 
—

 
—

 
(204,830
)
Debt issuance costs
(25,913
)
 
—

 
—

 
—

 
—

 
(25,913
)
Distribution to partners/owners
(321,875
)
 
—

 
(321,875
)
 
(17,500
)
 
339,375

 
(321,875
)
Contributions from noncontrolling interest
—

 
—

 
—

 
2,770

 
—

 
2,770

Issuance of common units for cash, net
140,513

 
—

 
140,513

 
—

 
(140,513
)
 
140,513

Intercompany transfers
—

 
—

 
1,169,781

 
1,313,000

 
(2,482,781
)
 
—

Other, net
—

 
—

 
(57
)
 
13,847

 
(13,847
)
 
(57
)
Net cash provided by (used in) financing activities
1,135,314

 
—

 
988,362

 
1,312,117

 
(2,297,766
)
 
1,138,027

Net increase in cash and cash equivalents
—

 
—

 
(1,130
)
 
3,142

 
—

 
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

 
$
—

 
$
5,230


$
3,805

 
$
—

 
$
9,041