Trustee Taxes and Accrued Expenses and Other Current Liabilities

12 Months Ended

Dec. 31, 2024

Trustee Taxes and Accrued Expenses and Other Current Liabilities

Trustee Taxes and Accrued Expenses and Other Current Liabilities

Note 13. Trustee Taxes and Accrued Expenses and Other Current Liabilities

Trustee Taxes

The Partnership collects trustee taxes, which consist of various pass through taxes collected on behalf of taxing authorities, and remits such taxes directly to those taxing authorities. Examples of trustee taxes include, among other things, motor fuel excise tax and sales and use tax. As such, it is the Partnership’s policy to exclude trustee taxes from revenues and cost of sales and account for them as current liabilities. The Partnership had trustee taxes payable of $66.8 million and $67.4 million in various pass-through taxes collected on behalf of taxing authorities at December 31, 2024 and 2023, respectively.

Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consisted of the following at December 31 (in thousands):

	2024		2023
Barging transportation, product storage and other ancillary cost accruals	$	61,247	$	50,135
Employee compensation		47,501		44,753
Accrued interest		42,144		23,938
Other		72,412		61,061
Total	$	223,304	$	179,887

Employee compensation consisted of bonuses, vacation and other salary accruals. Ancillary costs consisted of cost accruals related to product expediting and storage.