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Business Segment Information
 12 Months Ended
Dec. 31, 2022
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 of high sulfur (or “sour”) gas streams for refineries to remove the sulfur and selling the related by-product, NaHS;
•Onshore facilities and transportation – terminaling, blending, storing, marketing and transporting crude oil and petroleum products; and
•Marine transportation – marine transportation to provide waterborne transportation of petroleum products (primarily fuel oil, asphalt and other heavy refined 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, amortization and accretion), segment general and administrative expenses, all of which are net of the effects of our noncontrolling interests, plus our equity in distributable cash generated by our equity investees and unrestricted subsidiaries. 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 our previously owned direct financing lease.
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 each year presented below is as follows:
Offshore Pipeline Transportation Sodium Minerals & Sulfur ServicesOnshore Facilities & TransportationMarine TransportationTotal
Year Ended December 31, 2022
Segment Margin(1)
$363,373 $306,718 $33,755 $66,209 $770,055 
Capital expenditures(2)
$241,446 $174,518 $5,878 $39,084 $460,926 
Revenues:
External customers$319,045 $1,258,236 $918,751 $292,925 $2,788,957 
Intersegment(3)
— (10,151)9,781 370 $— 
Total revenues of reportable segments$319,045 $1,248,085 $928,532 $293,295 $2,788,957 
Year Ended December 31, 2021
Segment Margin(1)
$317,560 $166,773 $98,824 $34,572 $617,729 
Capital expenditures(2)
$50,546 $227,118 $4,609 $34,456 $316,729 
Revenues:
External customers$278,459 $973,354 $685,652 $188,011 $2,125,476 
Intersegment(3)
— (8,722)5,906 2,816 $— 
Total revenues of reportable segments$278,459 $964,632 $691,558 $190,827 $2,125,476 
Year Ended December 31, 2020
Segment Margin(1)
$270,078 $130,083 $147,254 $60,058 $607,473 
Capital expenditures(2)
$13,323 $95,511 $4,133 $31,357 $144,324 
Revenues:
External customers$237,123 $886,078 $500,420 $201,034 $1,824,655 
Intersegment(3)
23 (8,309)(938)9,224 $— 
Total revenues of reportable segments$237,146 $877,769 $499,482 $210,258 $1,824,655 
(1)A reconciliation of Net income (loss) attributable to Genesis Energy, L.P. to total Segment Margin to for each year is presented below.
(2)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.
(3)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:
December 31, 2022December 31, 2021
Offshore pipeline transportation$2,290,488 $2,103,140 
Sodium minerals and sulfur services2,358,086 2,132,588 
Onshore facilities and transportation981,354 923,064 
Marine transportation681,231 703,030 
Other assets54,833 43,979 
Total consolidated assets$6,365,992 $5,905,801 
Reconciliation of Net income (loss) attributable to Genesis Energy, L.P. to total Segment Margin:
 Year Ended
December 31,
202220212020
Net income (loss) attributable to Genesis Energy, L.P.$75,457 $(165,067)$(416,678)
Corporate general and administrative expenses71,820 61,287 51,457 
Depreciation, depletion, amortization and accretion307,519 315,896 302,602 
Interest expense226,156 233,724 209,779 
Adjustment to exclude distributable cash generated by equity investees not included in income and include equity in investees net income(1)
21,199 26,207 17,042 
Other non-cash items(2)
(8,315)30,907 5,847 
Distributions from unrestricted subsidiaries not included in income(3)
32,000 70,000 70,490 
Cancellation of debt income (Note 10)
(8,618)— (27,302)
Loss on extinguishment of debt (Note 10)
794 1,627 31,730 
Differences in timing of cash receipts for certain contractual arrangements(4)
51,102 15,482 40,848 
Loss (gain) on sale of asset, net to our ownership interest (Note 7)
(32,000)— 22,045 
Change in provision for leased items no longer in use(671)598 1,347 
Income tax expense3,169 1,670 1,327 
Redeemable noncontrolling interest redemption value adjustments(5)
30,443 25,398 16,113 
Impairment expense (Note 7)
— — 280,826 
Total Segment Margin$770,055 $617,729 $607,473 
(1)Includes distributions attributable to the period and received during or promptly following such period.
(2)Includes unrealized losses of $18.6 million, $30.8 million and $0.9 million from the valuation of the embedded derivative associated with our Class A Convertible Preferred Units in 2022, 2021 and 2020, respectively. Also includes unrealized gains of $24.4 million and $0.1 million, and an unrealized loss of $0.3 million, from the valuation of our commodity derivative transactions (excluding fair value hedges) in 2022, 2021, and 2020, respectively.
(3)2022 includes $32.0 million in cash receipts associated with the sale of the Independence Hub platform by our 80% owned unrestricted subsidiary (as defined under our credit agreement), Independence Hub, LLC. 2021 includes $70.0 million in cash receipts associated with principal repayments on our previously owned NEJD pipeline not included in income. 2020 includes cash payments received from our NEJD pipeline of $48.0 million not included in income and distributions from our Free State pipeline of $22.5 million not included in income, both of which are defined as unrestricted subsidiaries under our credit agreement.
(4)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.
(5)Includes PIK distributions and accretion on the redemption feature attributable to each period, and valuation adjustments to the redemption feature as the associated preferred units were redeemed during the year ended December 31, 2022. Refer to Note 11 for details.