Supplemental Guarantor / Non-Guarantor Financial Information (Tables)

12 Months Ended

Dec. 31, 2011

Supplemental Guarantor / Non-Guarantor Financial Information [Abstract]



December 31, 2011	Parent		Guarantor Subsidiaries			Eliminations			Consolidated
	(In thousands)
ASSETS
Current assets:
Cash and cash equivalents	$	2	$	3,267		—			$	3,269
Accounts receivable	—		34,071			—			34,071
Intercompany accounts receivable (payable)	17,745		(17,745		)	—			—
Prepaid and other current assets	266		2,378			—			2,644
Total current assets	18,013		21,971			—			39,984
Properties and equipment, net	—		536,425			—			536,425
Investment in subsidiaries	651,217		—			(651,217		)	—
Transportation agreements, net	—		101,543			—			101,543
Goodwill	—		256,498			—			256,498
Investment in SLC Pipeline	—		25,302			—			25,302
Other assets	1,322		5,882			—			7,204
Total assets	$	670,552	$	947,621		$	(651,217	)	$	966,956
LIABILITIES AND PARTNERS’ EQUITY
Current liabilities:
Accounts payable	$	—	$	11,406		$	—		$	11,406
Accrued interest	7,498		782			—			8,280
Deferred revenue	—		4,032			—			4,032
Accrued property taxes	—		2,196			—			2,196
Other current liabilities	689		1,088			—			1,777
Total current liabilities	8,187		19,504			—			27,691
Long-term debt	332,988		272,900			—			605,888
Other long-term liabilities	—		4,000			—			4,000
Partners’ equity	329,377		651,217			(651,217		)	329,377
Total liabilities and partners’ equity	$	670,552	$	947,621		$	(651,217	)	$	966,956

Condensed Consolidating Balance Sheet



December 31, 2010	Parent			Guarantor Subsidiaries		Eliminations			Consolidated
	(In thousands)
ASSETS
Current assets:
Cash and cash equivalents	$	2		$	401	$	—		$	403
Accounts receivable	—			22,508		—			22,508
Intercompany accounts receivable (payable)	(92,230		)	92,230		—			—
Prepaid and other current assets	235			540		—			775
Total current assets	(91,993		)	115,679		—			23,686
Properties and equipment, net	—			434,950		—			434,950
Investment in subsidiaries	541,262			—		(541,262		)	—
Transportation agreements, net	—			108,489		—			108,489
Goodwill	—			49,109		—			49,109
Investment in SLC Pipeline	—			25,437		—			25,437
Other assets	1,261			341		—			1,602
Total assets	$	450,530		$	734,005	$	(541,262	)	$	643,273
LIABILITIES AND PARTNERS’ EQUITY
Current liabilities:
Accounts payable	$	—		$	10,238	$	—		$	10,238
Accrued interest	7,498			19		—			7,517
Deferred revenue	—			10,437		—			10,437
Accrued property taxes	—			1,990		—			1,990
Other current liabilities	1,011			251		—			1,262
Total current liabilities	8,509			22,935		—			31,444
Long-term debt	332,649			158,999		—			491,648
Other long-term liabilities	—			10,809		—			10,809
Partners’ equity	109,372			541,262		(541,262		)	109,372
Total liabilities and partners’ equity	$	450,530		$	734,005	$	(541,262	)	$	643,273

Condensed Consolidating Statement of Income



Year Ended December 31, 2011	Parent			Guarantor Subsidiaries			Eliminations			Consolidated
	(In thousands)
Revenues:
Affiliates	$	—		$	167,626		$	—		$	167,626
Third parties	—			45,923			—			45,923
	—			213,549			—			213,549
Operating costs and expenses:
Operations	—			62,202			—			62,202
Depreciation and amortization	—			33,150			—			33,150
General and administrative	3,902			2,674			—			6,576
	3,902			98,026			—			101,928
Operating income (loss)	(3,902		)	115,523			—			111,621
Equity in earnings of subsidiaries	106,393			—			(106,393		)	—
Equity in earnings of SLC Pipeline	—			2,552			—			2,552
Interest expense, net	(24,494		)	(11,465		)	—			(35,959		)
Other income	—			17			—			17
	81,899			(8,896		)	(106,393		)	(33,390		)
Income before income taxes	77,997			106,627			(106,393		)	78,231
State income tax	—			(234		)	—			(234		)
Net income	$	77,997		$	106,393		$	(106,393	)	$	77,997

Condensed Consolidating Statement of Income



Year Ended December 31, 2010	Parent			Guarantor Subsidiaries			Eliminations			Consolidated
	(In thousands)
Revenues:
Affiliates	$	—		$	146,376		$	—		$	146,376
Third parties	—			35,721			—			35,721
	—			182,097			—			182,097
Operating costs and expenses:
Operations	—			52,947			—			52,947
Depreciation and amortization	—			30,682			—			30,682
General and administrative	5,053			2,666			—			7,719
	5,053			86,295			—			91,348
Operating income (loss)	(5,053		)	95,802			—			90,749
Equity in earnings of subsidiaries	87,280			—			(87,280		)	—
Equity in earnings of SLC Pipeline	—			2,393			—			2,393
Interest expense, net	(23,358		)	(10,636		)	—			(33,994		)
Other income	—			17			—			17
	63,922			(8,226		)	(87,280		)	(31,584		)
Income before income taxes	58,869			87,576			(87,280		)	59,165
State income tax	—			(296		)	—			(296		)
Net income	$	58,869		$	87,280		$	(87,280	)	$	58,869

Condensed Consolidating Statement of Income



Year Ended December 31, 2009	Parent			Guarantor Subsidiaries			Non- Guarantor		Eliminations			Consolidated
	(In thousands)
Revenues:
Affiliates	$	—		$	101,395		$	—	$	—		$	101,395
Third parties	—			45,166			—		—			45,166
	—			146,561			—		—			146,561
Operating costs and expenses:
Operations	—			44,003			—		—			44,003
Depreciation and amortization	—			26,714			—		—			26,714
General and administrative	4,697			2,889			—		—			7,586
	4,697			73,606			—		—			78,303
Operating income (loss)	(4,697		)	72,955			—		—			68,258
Equity in earnings of subsidiaries	81,773			3,686			—		(85,459		)	—
Equity in earnings of SLC Pipeline	—			1,919			—		—			1,919
SLC Pipeline acquisition costs	—			(2,500		)	—		—			(2,500		)
Interest expense, net	(11,062		)	(10,428		)	—		—			(21,490		)
Other income	—			67			—		—			67
	70,711			(7,256		)	—		(85,459		)	(22,004		)
Income from continuing operations before income taxes	66,014			65,699			—		(85,459		)	46,254
State income tax	—			(20		)	—		—			(20		)
Income from continuing operations	66,014			65,679			—		(85,459		)	46,234
Income from discontinued operations	—			16,094			5,265		(1,579		)	19,780
Net income	$	66,014		$	81,773		$	5,265	$	(87,038	)	$	66,014

Condensed Consolidating Statement of Cash Flows



Year Ended December 31, 2011	Parent			Guarantor Subsidiaries			Eliminations		Consolidated
	(In thousands)
Cash flows from operating activities	$	11,666		$	81,453		$	—	$	93,119
Cash flows from investing activities
Additions to properties and equipment	—			(39,337		)	—		(39,337		)
Cash flows from financing activities
Net borrowings under credit agreement	—			41,000			—		41,000
Repayments on promissory notes	—			(77,100		)	—		(77,100		)
Proceeds from issuance of common units	75,815			—			—		75,815
Capital contribution from general partner	5,887			—			—		5,887
Distributions to unitholders	(91,506		)	—			—		(91,506		)
Purchase of units for incentive grants	(1,641		)	—			—		(1,641		)
Deferred financing costs	—			(3,150		)	—		(3,150		)
Other	(221		)	—			—		(221		)
	(11,666		)	(39,250		)	—		(50,916		)
Cash and cash equivalents
Increase (decrease) for the year	—			2,866			—		2,866
Beginning of year	2			401			—		403
End of year	$	2		$	3,267		$	—	$	3,269

Condensed Consolidating Statement of Cash Flows



Year Ended December 31, 2010	Parent			Guarantor Subsidiaries			Eliminations		Consolidated
	(In thousands)
Cash flows from operating activities	$	(59,916	)	$	163,084		$	—	$	103,168
Cash flows from investing activities
Additions to properties and equipment	—			(25,103		)	—		(25,103		)
Acquisition of assets from HFC	—			(35,526		)	—		(35,526		)
	—			(60,629		)	—		(60,629		)
Cash flows from financing activities
Net repayments under credit agreement	—			(47,000		)	—		(47,000		)
Net proceeds from issuance of senior notes	147,540			—			—		147,540
Distributions to unitholders	(84,426		)	—			—		(84,426		)
Purchase price in excess of transferred basis in assets acquired from HFC	—			(57,560		)	—		(57,560		)
Purchase of units for incentive grants	(2,704		)	—			—		(2,704		)
Deferred financing costs	(494		)	—			—		(494		)
	59,916			(104,560		)	—		(44,644		)
Cash and cash equivalents
Decrease for the year	—			(2,105		)	—		(2,105		)
Beginning of year	2			2,506			—		2,508
End of year	$	2		$	401		$	—	$	403

Condensed Consolidating Statement of Cash Flows



Year Ended December 31, 2009	Parent			Guarantor Subsidiaries			Non- Guarantor			Eliminations			Consolidated
	(In thousands)
Cash flows from operating activities	$	(131,123	)	$	196,205		$	6,613		$	(3,500	)	$	68,195
Cash flows from investing activities
Additions to properties and equipment	—			(32,999		)	—			—			(32,999		)
Acquisitions of assets from HFC	—			(95,080		)	—			—			(95,080		)
Acquisition of assets from Sinclair	—			(25,665		)	—			—			(25,665		)
Investment in SLC Pipeline	—			(25,500		)	—			—			(25,500		)
Proceeds from sale of interest in Rio Grande, net of transferred cash	—			31,865			—			—			31,865
Other	—			3,174			(3,174		)	—			—
	—			(144,205		)	(3,174		)	—			(147,379		)
Cash flows from financing activities
Net borrowings under credit agreement	—			6,000			—			—			6,000
Proceeds from issuance of common units	186,801			(53,500		)	—			—			133,301
Capital contribution from general partner	3,812			—			—			—			3,812
Distributions to unitholders	(61,188		)	—			(5,000		)	5,000			(61,188		)
Distributions to noncontrolling interest	—			—			—			(1,500		)	(1,500		)
Net purchase price in excess of transferred basis in assets acquired from HFC	2,580			(5,700		)	—			—			(3,120		)
Purchase of units for incentive grants	(616		)	—			—			—			(616		)
Other	(266		)	—			—			—			(266		)
	131,123			(53,200		)	(5,000		)	3,500			76,423
Cash and cash equivalents
Decrease for the year	—			(1,200		)	(1,561		)	—			(2,761		)
Beginning of year	2			3,706			1,561			—			5,269
End of year	$	2		$	2,506		$	—		$	—		$	2,508