Condensed Consolidating Financial Information (Tables)

12 Months Ended

Dec. 31, 2019

Condensed Financial Information Disclosure [Abstract]

Schedule of Condensed Consolidating Financial Statements

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