Business Segment Information (Tables)

3 Months Ended

Mar. 31, 2021

Schedule of Segment Reporting Information, by Segment

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 March 31, 2021
Segment Margin (a)	$	84,269	$	43,720	$	20,999	$	7,109	$	156,097
Capital expenditures (b)	$	11,528	$	10,038	$	1,099	$	11,714	$	34,379
Revenues:
External customers	$	64,384	$	229,306	$	188,150	$	39,379	$	521,219
Intersegment (c)	—		(2,019)		1,067		952		$	—
Total revenues of reportable segments	$	64,384	$	227,287	$	189,217	$	40,331	$	521,219
Three Months Ended March 31, 2020
Segment Margin (a)	$	85,246	$	36,941	$	28,099	$	19,002	$	169,288
Capital expenditures (b)	$	1,027	$	14,975	$	1,157	$	14,232	$	31,391
Revenues:
External customers	$	78,429	$	245,535	$	156,799	$	59,160	$	539,923
Intersegment (c)	—		(2,145)		(1,041)		3,186		$	—
Total revenues of reportable segments	$	78,429	$	243,390	$	155,758	$	62,346	$	539,923

(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, if any.

(c)Intersegment sales were conducted under terms that we believe were no more or less favorable than then-existing market conditions.

Total assets by reportable segment were as follows:


	March 31, 2021		December 31, 2020
Offshore pipeline transportation	$	2,169,156	$	2,187,083
Sodium minerals and sulfur services	1,958,893		1,962,146
Onshore facilities and transportation	1,065,316		1,035,662
Marine transportation	715,404		711,058
Other assets	40,844		37,670
Total consolidated assets	$	5,949,613	$	5,933,619

Schedule of Reconciliation of Operating Profit (Loss) from Segments to Consolidated

Reconciliation of total Segment Margin to net income (loss) attributable to Genesis Energy, L.P.:


	Three Months Ended March 31,
		2021		2020
Total Segment Margin		$	156,097	$	169,288
Corporate general and administrative expenses		(11,152)		(6,492)
Depreciation, depletion, amortization and accretion		(68,997)		(75,978)
Interest expense		(57,829)		(54,965)
Adjustment to exclude distributable cash generated by equity investees not included in income and include equity in investees net income (1)		(8,856)		(6,406)
Other non-cash items (2)		(18,444)		33,261
Distribution from unrestricted subsidiaries not included in income (3)		(17,500)		(2,238)

Loss on extinguishment of debt (4)		(1,627)		(23,480)
Differences in timing of cash receipts for certain contractual arrangements (5)		(299)		(4,490)


Provision for leased items no longer in use		(604)		130
Redeemable noncontrolling interest redemption value adjustments (6)		(4,791)		(4,086)
Income tax (expense) benefit		(222)		365
Net income (loss) attributable to Genesis Energy, L.P.		$	(34,224)	$	24,909

(1) Includes distributions attributable to the quarter and received during or promptly following such quarter.

(2) The 2021 Quarter and 2020 Quarter include a $18.4 million unrealized loss and $32.5 million unrealized gain, respectively, from the valuation of the embedded derivative associated with our Class A Convertible Preferred Units. Refer to Note 16 for details.

(3) The 2021 Quarter and 2020 Quarter include $17.5 million and $2.2 million, respectively, in cash receipts not included in income associated with principal repayments on our previously owned NEJD pipeline. Genesis NEJD Pipeline, LLC is defined as an unrestricted subsidiary under our credit facility. See N ote 4 for details.

(4) The 2021 Quarter includes the transaction costs and write-off of the unamortized issuance costs associated with the redemption of our remaining 2023 Notes. The 2020 Quarter includes the transaction costs associated with the tender and redemption of our 2022 Notes, along with the write-off of the unamortized issuance costs and discount associated with these notes. Refer to Note 9 for details.

(5) 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.

(6) Includes PIK distributions attributable to the period and accretion on the redemption feature.