SEGMENTS

As described in Note 1, our businesses are organized based on the nature and location of the services they provide. Certain summarized information related to our reportable segments is shown in the tables below. None of the operating segments have been aggregated, other than Rose Rock and Glass Mountain, which have been included within the Crude segment and were aggregated based on similarity of operations, customer base and other considerations. Our equity investment NGL Energy is included within the SemStream segment. Although Corporate and Other does not represent an operating segment, it is included in the tables below to reconcile segment information to that of the consolidated Company. Eliminations of transactions between segments are also included within Corporate and Other in the tables below.

The accounting policies of each segment are the same as the accounting policies of the consolidated Company. Transactions between segments are generally recorded based on prices negotiated between the segments. Certain general and administrative and interest expenses incurred at the corporate level were allocated to the segments, based on our allocation policies in effect at the time.



	Year Ended December 31, 2014
	Crude		SemStream			SemCAMS			SemGas		SemLogistics			SemMexico			Corporate and Other			Consolidated
	(in thousands)
Revenues:
External	$	1,300,050	$	—		$	176,724		$	342,286	$	12,650		$	290,869		$	—		$	2,122,579
Intersegment	—		—			—			37,897		—			—			(37,897		)	—
Total revenues	1,300,050		—			176,724			380,183		12,650			290,869			(37,897		)	2,122,579
Expenses:
Costs of products sold, exclusive of depreciation and amortization shown below	1,131,362		—			344			276,852		615			252,082			(37,897		)	1,623,358
Operating	80,793		—			114,587			32,296		8,361			10,576			—			246,613
General and administrative	20,351		83			17,417			9,228		6,139			12,125			22,502			87,845
Depreciation and amortization	40,035		—			14,295			26,353		10,005			6,031			1,678			98,397
Loss (gain) on disposal or impairment of long-lived assets, net	319		—			(950		)	20,092		(2,490		)	(53		)	15,674			32,592
Total expenses	1,272,860		83			145,693			364,821		22,630			280,761			1,957			2,088,805
Earnings from equity method investments	61,856		2,343			—			—		—			—			—			64,199
Gain on issuance of common units by equity method investee	—		29,020			—			—		—			—			—			29,020
Operating income (loss)	89,046		31,280			31,031			15,362		(9,980		)	10,108			(39,854		)	126,993
Other expenses (income), net
Interest expense (income)	31,072		(5,140		)	13,558			8,570		1,528			166			(710		)	49,044
Other expense (income), net	479		(34,212		)	20			—		796			(11		)	12,306			(20,622		)
Total other expenses (income)	31,551		(39,352		)	13,578			8,570		2,324			155			11,596			28,422
Income (loss) from continuing operations before income taxes	$	57,495	$	70,632		$	17,453		$	6,792	$	(12,304	)	$	9,953		$	(51,450	)	$	98,571
Additions to long-lived assets	$	127,335	$	—		$	35,286		$	166,207	$	2,974		$	9,690		$	1,672		$	343,164
Total assets at December 31, 2014 (excluding intersegment receivables)	$	1,158,639	$	162,246		$	279,191		$	662,223	$	150,498		$	107,225		$	69,780		$	2,589,802
Equity investments at December 31, 2014	$	415,674	$	162,246		$	—		$	—	$	—		$	—		$	—		$	577,920



	Year Ended December 31, 2013
	Crude			SemStream			SemCAMS			SemGas			SemLogistics			SemMexico			Corporate and Other			Consolidated
	(in thousands)
Revenues:
External	$	767,202		$	—		$	198,450		$	207,134		$	11,671		$	242,559		$	—		$	1,427,016
Intersegment	—			—			—			23,985			—			—			(23,985		)	—
Total revenues	767,202			—			198,450			231,119			11,671			242,559			(23,985		)	1,427,016
Expenses:
Costs of products sold, exclusive of depreciation and amortization shown below	663,759			—			305			169,800			380			209,841			(23,985		)	1,020,100
Operating	36,242			1			150,319			20,200			7,444			9,379			—			223,585
General and administrative	16,766			600			14,940			7,971			5,854			10,700			21,766			78,597
Depreciation and amortization	23,708			—			10,766			14,517			9,426			5,991			2,001			66,409
Loss (gain) on disposal of long-lived assets, net	(56		)	6			—			665			—			(854		)	—			(239		)
Total expenses	740,419			607			176,330			213,153			23,104			235,057			(218		)	1,388,452
Earnings from equity method investments	45,354			7,123			—			—			—			—			—			52,477
Gain on issuance of common units by equity method investee	—			26,873			—			—			—			—			—			26,873
Operating income (loss)	72,137			33,389			22,120			17,966			(11,433		)	7,502			(23,767		)	117,914
Other expenses (income), net
Interest expense (income)	14,923			(4,810		)	18,928			3,268			1,435			188			(8,790		)	25,142
Other expense (income), net	(14		)	128			(20		)	(3		)	(400		)	(652		)	45,234			44,273
Total other expenses (income)	14,909			(4,682		)	18,908			3,265			1,035			(464		)	36,444			69,415
Income (loss) from continuing operations before income taxes	$	57,228		$	38,071		$	3,212		$	14,701		$	(12,468	)	$	7,966		$	(60,211	)	$	48,499
Additions to long-lived assets	$	66,995		$	—		$	56,122		$	97,021		$	2,071		$	6,375		$	734		$	229,318
Total assets at December 31, 2013 (excluding intersegment receivables)	$	1,070,484		$	208,847		$	306,001		$	552,095		$	168,835		$	104,154		$	60,198		$	2,470,614
Equity investments at December 31, 2013	$	356,276		$	208,848		$	—		$	—		$	—		$	—		$	—		$	565,124



	Year Ended December 31, 2012
	Crude			SemStream			SemCAMS		SemGas			SemLogistics			SemMexico			Corporate and Other			Consolidated
	(in thousands)
Revenues:
External	$	620,797		$	7		$	223,219	$	117,264		$	12,341		$	263,870		$	(1	)	$	1,237,497
Intersegment	—			—			—		10,606			—			—			(10,606		)	—
Total revenues	620,797			7			223,219		127,870			12,341			263,870			(10,607		)	1,237,497
Expenses:
Costs of products sold, exclusive of depreciation and amortization shown below	546,966			33			768		100,677			196			236,851			(10,606		)	874,885
Operating	24,143			(37		)	174,284		12,712			5,921			7,677			—			224,700
General and administrative	13,321			930			14,020		6,195			5,652			9,433			22,367			71,918
Depreciation and amortization	12,131			—			10,589		7,043			9,780			6,171			2,496			48,210
Loss (gain) on disposal of long-lived assets, net	(3,501		)	214			—		46			—			(290		)	—			(3,531		)
Total expenses	593,060			1,140			199,661		126,673			21,549			259,842			14,257			1,216,182
Earnings from equity method investments	36,439			(403		)	—		—			—			—			—			36,036
Operating income (loss)	64,176			(1,536		)	23,558		1,197			(9,208		)	4,028			(24,864		)	57,351
Other expenses (income):
Interest expense (income)	(409		)	(3,449		)	18,727		1,461			2,486			314			(10,228		)	8,902
Other expense (income), net	31			(21		)	14		—			(420		)	(38		)	22,003			21,569
Total other expenses	(378		)	(3,470		)	18,741		1,461			2,066			276			11,775			30,471
Income (loss) from continuing operations before income taxes	$	64,554		$	1,934		$	4,817	$	(264	)	$	(11,274	)	$	3,752		$	(36,639	)	$	26,880
Additions to long-lived assets	$	41,364		$	—		$	13,340	$	47,140		$	1,188		$	3,396		$	14,827		$	121,255

Income tax expense (benefit) relates to the following segments (in thousands):



	Year Ended December 31, 2014			Year Ended December 31, 2013			Year Ended December 31, 2012
SemCAMS	$	3,135		$	6,348		$	720
SemLogistics	(2,231		)	(5,699		)	(7,736		)
SemMexico	4,053			2,589			2,285
Corporate and other	41,556			(20,492		)	2,653
Total	$	46,513		$	(17,254	)	$	(2,078	)