XML 28 R4.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenues:      
Gathering and processing $ 1,051.2 $ 1,831.5 $ 273.6
Marketing, supply and logistics 857.5 1,339.4 714.9
Total product revenue 1,908.7 3,170.9 988.5
Gathering and processing 325.9 332.2 161.5
Storage and transportation 266.3 264.6 130.9
Marketing, supply and logistics 128.0 160.6 70.9
Related party (Note 16) 3.9 3.0 74.9
Total services revenues 724.1 760.4 438.2
Total revenue 2,632.8 3,931.3 1,426.7
Costs of product/services sold (exclusive of items shown separately below):      
Gathering and processing 1,074.4 1,816.9 234.5
Marketing, supply and logistics 705.6 1,196.1 681.7
Related party (Note 16) 28.9 42.2 32.5
Total product costs 1,808.9 3,055.2 948.7
Gathering and processing 0.6 0.8 0.4
Storage and transportation 20.1 33.3 19.7
Marketing, supply and logistics 53.9 76.0 33.5
Total service costs 74.6 110.1 53.6
Total costs of products/services sold 1,883.5 3,165.3 1,002.3
Expenses:      
Operations and maintenance 190.2 203.3 104.6
General and administrative 116.3 100.2 93.5
Depreciation, amortization and accretion 300.1 285.3 167.9
Total expenses 606.6 588.8 366.0
Gain (loss) on long-lived assets, net (821.2) (1.9) 5.3
Goodwill impairment (1,406.3) (48.8) (4.1)
Loss on contingent consideration (Note 15) 0.0 (8.6) (31.4)
Operating income (loss) (2,084.8) 117.9 28.2
Loss from unconsolidated affiliates, net (60.8) (0.7) (0.1)
Interest and debt expense, net (140.1) (127.1) (77.9)
Loss on modification/extinguishment of debt (20.0) 0.0 0.0
Other income, net 0.6 0.6 0.2
Loss before income taxes (2,305.1) (9.3) (49.6)
Provision (benefit) for income taxes (1.4) 1.1 1.0
Net loss (2,303.7) (10.4) (50.6)
Net loss attributable to non-controlling partners 636.8 66.8 57.3
Net income (loss) attributable to parent (1,666.9) 56.4 6.7
Net income attributable to preferred units (6.2) 0.0 0.0
Net income (loss) attributable to partners (1,673.1) 56.4 6.7
Subordinated unitholders' interest in net income 0.0 1.3 0.3
Common unitholders' interest in net income (loss) $ (1,673.1) $ 55.1 $ 6.4
Net income (loss) per limited partner unit:      
Basic (dollars per unit) $ (54.00) $ 3.03 $ 0.59
Diluted (dollars per unit) $ (54.00) $ 3.03 $ 0.59
Weighted-average limited partners’ units outstanding (in thousands):      
Basic (units) 30,983 18,201 10,914
Dilutive units (units) 0 439 439
Diluted (units) 30,983 18,640 11,353
CMLP      
Revenues:      
Gathering and processing $ 1,051.2 $ 1,831.5 $ 273.6
Marketing, supply and logistics 857.5 1,339.4 714.9
Total product revenue 1,908.7 3,170.9 988.5
Gathering and processing 325.9 332.2 161.5
Storage and transportation 266.3 250.8 116.8
Marketing, supply and logistics 128.0 160.6 70.9
Related party (Note 16) 3.9 3.0 74.9
Total services revenues 724.1 746.6 424.1
Total revenue 2,632.8 3,917.5 1,412.6
Costs of product/services sold (exclusive of items shown separately below):      
Gathering and processing 1,074.4 1,816.9 234.5
Marketing, supply and logistics 705.6 1,196.1 681.7
Related party (Note 16) 28.9 42.2 32.5
Total product costs 1,808.9 3,055.2 948.7
Gathering and processing 0.6 0.8 0.4
Storage and transportation 20.1 22.8 12.8
Marketing, supply and logistics 53.9 76.0 33.5
Total service costs 74.6 99.6 46.7
Total costs of products/services sold 1,883.5 3,154.8 995.4
Expenses:      
Operations and maintenance 188.7 195.4 103.4
General and administrative 105.6 91.7 84.1
Depreciation, amortization and accretion 278.5 255.4 139.4
Total expenses 572.8 542.5 326.9
Gain (loss) on long-lived assets, net (227.8) (35.1) 5.3
Goodwill impairment (1,149.1) (48.8) (4.1)
Loss on contingent consideration (Note 15) 0.0 (8.6) (31.4)
Operating income (loss) (1,200.4) 127.7 60.1
Loss from unconsolidated affiliates, net (60.8) (0.7) (0.1)
Interest and debt expense, net (130.5) (111.4) (71.7)
Loss on modification/extinguishment of debt (18.9) 0.0 0.0
Loss before income taxes (1,410.6) 15.6 (11.7)
Provision (benefit) for income taxes 0.0 0.9 0.7
Net loss (1,410.6) 14.7 (12.4)
Net loss attributable to non-controlling partners (23.1) (16.8) (4.9)
Net income (loss) attributable to parent (1,433.7) (2.1) (17.3)
Net income attributable to preferred units (23.1) (17.2) 0.0
Net income (loss) attributable to partners $ (1,456.8) $ (19.3) $ (17.3)