XML 66 R45.htm IDEA: XBRL DOCUMENT v3.22.0.1
Segments (Tables)
12 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
Reconciliation of Net Income (Loss) to Earnings Before Interest, Taxes, Depreciation and Amortization]
Below is a reconciliation of CEQP’s and CMLP’s net income (loss) to EBITDA (in millions):
CEQPCMLP
Year Ended December 31,Year Ended December 31,
202120202019202120202019
Net income (loss)$(37.4)$(15.3)$319.9 $(44.0)$(23.4)$310.6 
Add:
Interest and debt expense, net132.1 133.6 115.4 132.1 133.6 115.4 
(Gain) loss on modification/extinguishment of debt7.5 (0.1)— 7.5 (0.1)— 
Provision (benefit) for income taxes0.2 0.4 0.3 0.1 (0.1)0.3 
Depreciation, amortization and accretion244.2 237.4 195.8 258.4 251.5 209.9 
EBITDA$346.6 $356.0 $631.4 $354.1 $361.5 $636.2 
Reportable Segments
Segment EBITDA Information
 Year Ended December 31, 2021
 Gathering and Processing NorthGathering and Processing SouthStorage and LogisticsCorporateTotal
Crestwood Midstream
Revenues
$574.7 $105.9 $3,888.4 $— $4,569.0 
Intersegment revenues
459.3 — (459.3)— — 
Costs of product/services sold
553.2 0.9 3,289.8 — 3,843.9 
Operations and maintenance expense
51.1 22.9 47.0 — 121.0 
General and administrative expense
— — — 90.2 90.2 
Gain (loss) on long-lived assets, net
0.4 (40.6)0.7 0.1 (39.4)
Earnings (loss) from unconsolidated affiliates, net
— 9.6 (130.0)— (120.4)
Crestwood Midstream EBITDA$430.1 $51.1 $(37.0)$(90.1)$354.1 
Crestwood Equity
General and administrative expense— — — 7.4 7.4 
Loss on long-lived assets, net— — — (0.2)(0.2)
Other income— — — 0.1 0.1 
Crestwood Equity EBITDA$430.1 $51.1 $(37.0)$(97.6)$346.6 

 Year Ended December 31, 2020
 Gathering and Processing NorthGathering and Processing SouthStorage and LogisticsCorporateTotal
Crestwood Midstream
Revenues
$510.4 $121.0 $1,622.9 $— $2,254.3 
Intersegment revenues
160.5 (0.7)(159.8)— — 
Costs of product/services sold
261.0 0.5 1,339.0 — 1,600.5 
Operations and maintenance expense
55.7 29.2 46.9 — 131.8 
General and administrative expense
— — — 86.7 86.7 
Gain (loss) on long-lived assets, net
(3.8)(20.0)(2.4)0.2 (26.0)
Goodwill impairment
(80.3)— — — (80.3)
Earnings (loss) from unconsolidated affiliates, net— (1.0)33.5 — 32.5 
Crestwood Midstream EBITDA$270.1 $69.6 $108.3 $(86.5)$361.5 
Crestwood Equity
General and administrative expense— — — 4.8 4.8 
Other expense— — — (0.7)(0.7)
Crestwood Equity EBITDA$270.1 $69.6 $108.3 $(92.0)$356.0 
 Year Ended December 31, 2019
 Gathering and Processing NorthGathering and Processing SouthStorage and LogisticsCorporateTotal
Crestwood Midstream
Revenues
$686.9 $148.9 $2,346.1 $— $3,181.9 
Intersegment revenues
174.9 0.1 (175.0)— — 
Costs of product/services sold
524.0 2.1 2,018.8 — 2,544.9 
Operations and maintenance expense
60.8 37.9 40.1 — 138.8 
General and administrative expense
— — — 98.2 98.2 
Gain (loss) on long-lived assets, net(4.2)(2.0)(0.2)0.2 (6.2)
Gain on acquisition209.4 — — — 209.4 
Earnings (loss) from unconsolidated affiliates, net3.7 (5.8)34.9 — 32.8 
Other income, net
— — — 0.2 0.2 
Crestwood Midstream EBITDA$485.9 $101.2 $146.9 $(97.8)$636.2 
Crestwood Equity
General and administrative expense— — — 5.2 5.2 
Other income— — — 0.4 0.4 
Crestwood Equity EBITDA$485.9 $101.2 $146.9 $(102.6)$631.4 

Other Segment Information
CEQPCMLP
Year Ended December 31,Year Ended December 31,
2021202020212020
Total Assets
Gathering and Processing North$2,408.0 $2,480.4 $2,408.0 $2,480.4 
Gathering and Processing South886.5 984.2 1,017.4 1,129.3 
Storage and Logistics1,125.1 1,749.6 1,125.1 1,749.6 
Corporate26.1 29.5 20.7 26.2 
Total assets$4,445.7 $5,243.7 $4,571.2 $5,385.5 

Year Ended December 31,
202120202019
Purchases of property, plant and equipment
Crestwood Midstream
Gathering and Processing North$66.1 $156.5 $434.4 
Gathering and Processing South7.9 3.2 13.3 
Storage and Logistics6.6 7.5 5.9 
Corporate0.7 1.1 1.9 
Total Crestwood Midstream purchases of property, plant and equipment$81.3 $168.3 $455.5 
Crestwood Equity
Corporate1.9 — — 
Total Crestwood Equity purchases of property, plant and equipment$83.2 $168.3 $455.5