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Revenue from Contract with Customers (Tables)
 12 Months Ended
Dec. 31, 2019
Revenue from Contract with Customer [Abstract]  
Revenue
The following tables provide details of our revenues disaggregated by key activities that comprise our performance obligations by operating segment (in thousands):
 
 
Year Ended December 31, 2018
 
 
Refined Products
 
Crude Oil
 
Intersegment Eliminations
 
Total
Transportation
 
$
749,266

 
$
337,690

 
$
—

 
$
1,086,956

Terminalling
 
182,648

 
6,365

 
—

 
$
189,013

Storage
 
220,874

 
135,259

 
(3,691
)
 
$
352,442

Ancillary services
 
136,122

 
26,151

 
—

 
$
162,273

Lease revenue
 
27,706

 
60,598

 
—

 
$
88,304

Transportation and terminals revenue
 
1,316,616

 
566,063

 
(3,691
)
 
1,878,988

Product sales revenue
 
880,453

 
46,767

 
—

 
$
927,220

Affiliate management fee revenue
 
5,533

 
14,832

 
—

 
$
20,365

Total revenue
 
2,202,602

 
627,662

 
(3,691
)
 
2,826,573

Revenue not under the guidance of ASC 606:
 
 
 
 
 
 
 
 
Lease revenue(1)
 
(27,706
)
 
(60,598
)
 
—

 
$
(88,304
)
(Gains) losses from futures contracts included in product sales revenue(2)
 
(85,643
)
 
632

 
—

 
$
(85,011
)
Affiliate management fee revenue
 
(5,533
)
 
(14,832
)
 
—

 
$
(20,365
)
Total revenue from contracts with customers under ASC 606
 
$
2,083,720

 
$
552,864

 
$
(3,691
)
 
$
2,632,893


(1) Lease revenue is accounted for under ASC 840, Leases.
(2) The impact on product sales revenue from futures contracts falls under the guidance of ASC 815, Derivatives and Hedging.

 
 
Year Ended December 31, 2019
 
 
Refined Products
 
Crude Oil
 
Intersegment Eliminations
 
Total
Transportation
 
$
778,394

 
$
343,782

 
$
—

 
$
1,122,176

Terminalling
 
185,008

 
17,822

 
—

 
$
202,830

Storage
 
224,336

 
157,202

 
(5,417
)
 
$
376,121

Ancillary services
 
140,055

 
28,376

 
—

 
$
168,431

Lease revenue
 
27,889

 
73,183

 
—

 
$
101,072

Transportation and terminals revenue
 
1,355,682

 
620,365

 
(5,417
)
 
1,970,630

Product sales revenue
 
707,812

 
28,280

 
—

 
$
736,092

Affiliate management fee revenue
 
6,719

 
14,471

 
—

 
$
21,190

Total revenue
 
2,070,213

 
663,116

 
(5,417
)
 
2,727,912

Revenue not under the guidance of ASC 606:
 
 
 
 
 
 
 
 
Lease revenue(1)
 
(27,889
)
 
(73,183
)
 
—

 
$
(101,072
)
(Gains) losses from futures contracts included in product sales revenue(2)
 
69,538

 
3,024

 
—

 
$
72,562

Affiliate management fee revenue
 
(6,719
)
 
(14,471
)
 
—

 
$
(21,190
)
Total revenue from contracts with customers under ASC 606
 
$
2,105,143

 
$
578,486

 
$
(5,417
)
 
$
2,678,212


(1) Lease revenue is accounted for under ASC 842, Leases.
(2) The impact on product sales revenue from futures contracts falls under the guidance of ASC 815, Derivatives and Hedging.
Contract with Customer, Asset and Liability
The following table summarizes our accounts receivable, contract assets and contract liabilities resulting from contracts with customers (in thousands):
 
 
December 31, 2018
 
December 31, 2019
Accounts receivable from contracts with customers
 
$
102,684

 
$
124,701

Contract assets
 
$
8,487

 
$
8,071

Contract liabilities
 
$
122,129

 
$
111,670
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction
The following table provides the aggregate amount of the transaction price allocated to our UPOs as of December 31, 2019 by operating segment, including the range of years remaining on our contracts with customers and an estimate of revenues expected to be recognized over the next 12 months (dollars in thousands):
 
 
Refined Products
 
Crude Oil
 
Total
Balances at December 31, 2019
 
$
2,245,549

 
$
1,154,596

 
$
3,400,145

Remaining terms
 
1 - 19 years

 
1 - 10 years

 
 
Estimated revenues from UPOs to be recognized in the next 12 months
 
$
423,974

 
$
308,454

 
$
732,428