XML 29 R5.htm IDEA: XBRL DOCUMENT v3.22.4
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
REVENUES:      
Total revenues $ 2,788,957 $ 2,125,476 $ 1,824,655
COSTS AND EXPENSES:      
General and administrative 66,598 61,185 56,920
Depreciation, depletion and amortization 296,205 309,746 295,322
Impairment expense 0 0 280,826
Loss (gain) on sale of assets (40,000) 0 22,045
Total costs and expenses 2,473,945 2,049,780 2,070,613
OPERATING INCOME (LOSS) 315,012 75,696 (245,958)
Equity in earnings of equity investees 54,206 57,898 64,019
Interest expense (226,156) (233,724) (209,779)
Other expense, net (10,758) (36,232) (7,269)
Income (loss) from operations before income taxes 132,304 (136,362) (398,987)
Income tax expense (3,169) (1,670) (1,327)
NET INCOME (LOSS) 129,135 (138,032) (400,314)
Net income attributable to noncontrolling interests (23,235) (1,637) (251)
Net income attributable to redeemable noncontrolling interests (30,443) (25,398) (16,113)
NET INCOME (LOSS) ATTRIBUTABLE TO GENESIS ENERGY, L.P. 75,457 (165,067) (416,678)
Less: Accumulated distributions attributable to Class A Convertible Preferred Units (80,052) (74,736) (74,736)
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON UNITHOLDERS-BASIC (4,595) (239,803) (491,414)
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON UNITHOLDERS-DILUTED $ (4,595) $ (239,803) $ (491,414)
BASIC AND DILUTED NET INCOME (LOSS) PER COMMON UNIT:      
Basic (in dollars per unit) $ (0.04) $ (1.96) $ (4.01)
Diluted (in dollars per unit) $ (0.04) $ (1.96) $ (4.01)
WEIGHTED AVERAGE OUTSTANDING COMMON UNITS:      
Basic (in units) 122,579 122,579 122,579
Diluted (in units) 122,579 122,579 122,579
Operating Lease, Lease Income, Statement of Income or Comprehensive Income [Extensible Enumeration] Total revenues    
Offshore pipeline transportation      
REVENUES:      
Total revenues $ 319,045 $ 278,459 $ 237,146
COSTS AND EXPENSES:      
Cost of products and services sold 99,881 79,641 76,717
Sodium minerals and sulfur services      
REVENUES:      
Total revenues 1,248,085 964,632 877,769
COSTS AND EXPENSES:      
Cost of products and services sold 926,743 795,964 745,858
Marine transportation      
REVENUES:      
Total revenues 293,295 190,827 210,258
COSTS AND EXPENSES:      
Cost of products and services sold 228,300 156,307 149,557
Onshore facilities and transportation      
REVENUES:      
Total revenues 928,532 691,558 499,482
Onshore facilities and transportation | Onshore facilities and transportation product costs      
COSTS AND EXPENSES:      
Cost of products and services sold 828,152 583,824 373,127
Onshore facilities and transportation | Onshore facilities and transportation operating costs      
COSTS AND EXPENSES:      
Cost of products and services sold $ 68,066 $ 63,113 $ 70,241