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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Revenues $ 352.7 $ 683.4 $ 1,080.6 $ 1,518.6
Costs of product/services sold (exclusive of items shown separately below):        
Product costs - related party (Note 12) 3.6 0.9 6.8 35.3
Total costs of product/services sold 225.7 537.2 760.1 1,232.8
Operating expenses and other:        
Operations and maintenance 31.6 34.7 69.2 63.3
General and administrative 29.5 22.3 44.4 59.5
Depreciation, amortization and accretion 61.0 49.3 117.1 89.1
Loss on long-lived assets, net 3.8 0.0 4.8 2.0
Goodwill impairment 0.0 0.0 80.3 0.0
Gain on acquisition 0.0 (209.4) 0.0 (209.4)
Total expenses 125.9 (103.1) 315.8 4.5
Operating income (loss) 1.1 249.3 4.7 281.3
Earnings from unconsolidated affiliates, net 8.4 3.7 13.9 10.6
Interest and debt expense, net (34.0) (27.8) (66.6) (52.7)
Other income, net 0.1 0.1 0.2 0.2
Income (loss) before income taxes (24.4) 225.3 (47.8) 239.4
(Provision) benefit for income taxes (0.1) 0.3 (0.1) 0.3
Net income (loss) (24.3) 225.0 (47.7) 239.1
Net income attributable to non-controlling partner 10.2 10.6 20.1 14.6
Net income (loss) attributable to parent (34.5) 214.4 (67.8) 224.5
Net income attributable to preferred unit holders 15.0 15.0 30.0 30.0
Net income (loss) attributable to partners (49.5) 199.4 (97.8) 194.5
Subordinated unitholders’ interest in net income 0.0 1.2 0.0 1.2
Common unitholders’ interest in net income (loss) $ (49.5) $ 198.2 $ (97.8) $ 193.3
Net income (loss) per limited partner unit:        
Basic (in dollars per share) $ (0.68) $ 2.76 $ (1.34) $ 2.69
Diluted (in dollars per share) $ (0.68) $ 2.58 $ (1.34) $ 2.53
Weighted-average limited partners’ units outstanding:        
Basic (units) 73.2 71.8 73.0 71.8
Dilutive units (units) 0.0 11.2 0.0 5.2
Diluted (units) 73.2 83.0 73.0 77.0
Crestwood Midstream Partners LP        
Revenues:        
Revenues $ 352.7 $ 683.4 $ 1,080.6 $ 1,518.6
Related party (Note 12) 0.1 0.0 0.3 0.0
Costs of product/services sold (exclusive of items shown separately below):        
Product costs - related party (Note 12) 3.6 0.9 6.8 35.3
Total costs of product/services sold 225.7 537.2 760.1 1,232.8
Operating expenses and other:        
Operations and maintenance 31.6 34.7 69.2 63.3
General and administrative 28.4 20.9 41.9 56.9
Depreciation, amortization and accretion 64.6 52.7 124.2 96.1
Loss on long-lived assets, net 3.8 0.0 4.8 2.0
Goodwill impairment 0.0 0.0 80.3 0.0
Gain on acquisition 0.0 (209.4) 0.0 (209.4)
Total expenses 128.4 (101.1) 320.4 8.9
Operating income (loss) (1.4) 247.3 0.1 276.9
Earnings from unconsolidated affiliates, net 8.4 3.7 13.9 10.6
Interest and debt expense, net (34.0) (27.8) (66.6) (52.7)
Income (loss) before income taxes (27.0) 223.2 (52.6) 234.8
(Provision) benefit for income taxes (0.2) 0.3 (0.2) 0.3
Net income (loss) (26.8) 222.9 (52.4) 234.5
Net income attributable to non-controlling partner 10.2 10.6 20.1 14.6
Net income (loss) attributable to parent (37.0) 212.3 (72.5) 219.9
Product        
Revenues:        
Revenues 258.4 579.6 864.9 1,327.2
Related party (Note 12) 7.4 1.3 14.7 2.5
Costs of product/services sold (exclusive of items shown separately below):        
Costs of product/services sold 217.4 529.5 742.0 1,183.0
Product | Crestwood Midstream Partners LP        
Revenues:        
Revenues 258.4 579.6 864.9 1,327.2
Related party (Note 12) 7.4 1.3 14.7 2.5
Costs of product/services sold (exclusive of items shown separately below):        
Costs of product/services sold 217.4 529.5 742.0 1,183.0
Service        
Revenues:        
Revenues 94.3 103.8 215.7 191.4
Related party (Note 12) 0.1 0.0 0.3 0.0
Costs of product/services sold (exclusive of items shown separately below):        
Costs of product/services sold 4.7 6.8 11.3 14.5
Service | Crestwood Midstream Partners LP        
Revenues:        
Revenues 94.3 103.8 215.7 191.4
Costs of product/services sold (exclusive of items shown separately below):        
Costs of product/services sold 4.7 6.8 11.3 14.5
Gathering and Processing Segment | Product        
Revenues:        
Revenues 30.5 106.2 133.2 215.8
Gathering and Processing Segment | Product | Crestwood Midstream Partners LP        
Revenues:        
Revenues 30.5 106.2 133.2 215.8
Gathering and Processing Segment | Service        
Revenues:        
Revenues 84.0 93.5 196.2 166.2
Gathering and Processing Segment | Service | Crestwood Midstream Partners LP        
Revenues:        
Revenues 84.0 93.5 196.2 166.2
Marketing Supply and Logistics        
Revenues:        
Revenues       1,123.9
Marketing Supply and Logistics | Product        
Revenues:        
Revenues 220.5 472.1 717.0 1,108.9
Marketing Supply and Logistics | Product | Crestwood Midstream Partners LP        
Revenues:        
Revenues 220.5 472.1 717.0 1,108.9
Marketing Supply and Logistics | Service        
Revenues:        
Revenues 7.1 5.4 12.6 12.5
Marketing Supply and Logistics | Service | Crestwood Midstream Partners LP        
Revenues:        
Revenues 7.1 5.4 12.6 12.5
Storage and Transportation | Service        
Revenues:        
Revenues 3.1 4.9 6.6 12.7
Storage and Transportation | Service | Crestwood Midstream Partners LP        
Revenues:        
Revenues $ 3.1 $ 4.9 $ 6.6 $ 12.7