Acquisition and Divestiture (Tables)

12 Months Ended

Dec. 31, 2019

Business Combinations [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the final valuation of the assets acquired and liabilities assumed at the acquisition date (in millions):

Cash	$	22.5
Other current assets	30.9
Property, plant and equipment	532.9
Intangible assets	306.0
Goodwill	80.3
Current liabilities	(30.4		)
Other long-term liabilities	(21.5		)
Estimated fair value of 100% interest in Jackalope	920.7
Less:
Elimination of equity investment in Jackalope	226.7
Gain on acquisition of Jackalope	209.4
Total purchase price	$	484.6

Business Acquisition, Pro Forma Information

The tables below presents selected unaudited pro forma information as if the Jackalope Acquisition had occurred on January 1, 2017 (in millions). The pro forma information is not necessarily indicative of the financial results that would have occurred if the transaction had been completed as of the dates indicated. The amounts have been calculated after applying our accounting policies and adjusting the results to reflect the depreciation, amortization and accretion expense that would have been charged assuming the fair value adjustments to property, plant and equipment and intangible assets had been made at the beginning of the respective reporting period. The pro forma net income also includes the effects of interest expense on incremental borrowings and recognition of deferred revenue.

Crestwood Equity

	Year Ended December 31,
	2019		2018		2017
Revenues	$	3,202.6	$	3,729.5	$	3,935.4
Net income (loss)	$	313.5	$	45.0	$	(193.0	)

Crestwood Midstream

	Year ended December 31,
	2019		2018		2017
Revenues	$	3,202.6	$	3,729.5	$	3,935.4
Net income (loss)	$	304.2	$	36.6	$	(201.9	)