XML 13 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 8,594 $ 1,116
Accounts receivable, net 358,142 311,354
Accounts receivable-affiliates 3,862 2,578
Inventories 443,994 388,952
Brokerage margin deposits 39,363 31,327
Derivate assets 29,590 66,099
Prepaid expenses and other current assets 67,678 65,609
Total current assets 951,223 867,035
Property and equipment, net 1,207,239 1,242,683
Intangible assets, net 70,200 75,694
Goodwill 435,369 435,369
Other assets 38,938 42,894
Total assets 2,702,969 2,663,675
Current liabilities:    
Accounts payable 286,807 303,781
Working capital revolving credit facility-current portion 218,800 98,100
Environmental liabilities-current portion 5,337 5,350
Trustee taxes payable 96,364 95,264
Accrued expenses and other current liabilities 48,471 60,328
Derivative liabilities 24,088 31,911
Total current liabilities 679,867 594,734
Working capital revolving credit facility-less current portion 150,000 150,000
Revolving credit facility 213,400 269,000
Senior notes 657,866 656,564
Environmental liabilities-less current portion 65,144 67,883
Financing obligation 152,371 89,790
Deferred tax liabilities 79,738 84,836
Other long-term liabilities 56,551 56,884
Total liabilities 2,054,937 1,969,691
Global Partners LP equity:    
Common unitholders 33,995,563 units issued and 33,519,030 outstanding at June 30, 2016 and 33,995,563 units issued and 33,506,844 outstanding at December 31, 2015) 614,042 657,071
General partner interest (0.67% interest with 230,303 equivalent units outstanding at June 30, 2016 and December 31, 2015) (1,496) (1,188)
Accumulated other comprehensive loss (6,867) (8,094)
Total Global Partners LP equity 605,679 647,789
Noncontrolling interest 42,353 46,195
Total partners' equity 648,032 693,984
Total liabilities and partners' equity $ 2,702,969 $ 2,663,675