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Rose Rock Midstream, L.P. (Tables)
 12 Months Ended
Dec. 31, 2014
Investments in and Advances to Affiliates, Schedule of Investments [Abstract]  
Quarterly Target Distributions
Rose Rock’s partnership agreement requires Rose Rock to distribute all of its available cash each quarter in the following manner:
 
Total Quarterly Distributions
Per Unit Target Amount
 
Marginal Percentage
Interest in Distributions
 
Unitholders
 
General
Partner
 
Incentive
Distribution
Rights
Minimum Quarterly Distributions
 
 
 
 
 
 
$
0.362500

 
98.0
%
 
2.0
%
 
—

First Target Distribution
above
 
$
0.362500

 
up to
 
$
0.416875

 
98.0
%
 
2.0
%
 
—

Second Target Distribution
above
 
$
0.416875

 
up to
 
$
0.453125

 
85.0
%
 
2.0
%
 
13.0
%
Third Target Distribution
above
 
$
0.453125

 
up to
 
$
0.543750

 
75.0
%
 
2.0
%
 
23.0
%
Thereafter
 
 
 
 
above
 
$
0.543750

 
50.0
%
 
2.0
%
 
48.0
%
Distributions Paid
The following table shows the distributions paid related to the earnings for each of the following periods (in thousands, except for per unit amounts):
 
Distribution
Per Unit
 
Distributions Paid
Quarter Ended
SemGroup
Noncontrolling
Interest
Common Units
Total
Distributions
General
Partner
Incentive
Distributions
Common
Units
Subordinated
Units
December 31, 2011
$
0.0670

* 
$
23

$
—

$
93

$
561

$
470

$
1,147

March 31, 2012
$
0.3725

  
$
128

$
—

$
517

$
3,125

$
2,607

$
6,377

June 30, 2012
$
0.3825

 
$
131

$
—

$
532

$
3,209

$
2,678

$
6,550

September 30, 2012
$
0.3925

 
$
134

$
—

$
545

$
3,294

$
2,748

$
6,721

December 31, 2012
$
0.4025

 
$
167

$
—

$
1,163

$
3,377

$
3,624

$
8,331

March 31, 2013
$
0.4300

 
$
179

$
41

$
1,242

$
3,607

$
3,872

$
8,941

June 30, 2013
$
0.4400

 
$
183

$
72

$
1,271

$
3,692

$
3,962

$
9,180

September 30, 2013
$
0.4500

 
$
232

$
127

$
1,301

$
3,775

$
6,189

$
11,624

December 31, 2013
$
0.4650

 
$
257

$
244

$
2,041

$
3,901

$
6,398

$
12,841

March 31, 2014
$
0.4950

 
$
278

$
488

$
2,173

$
4,153

$
6,811

$
13,903

June 30, 2014
$
0.5350

 
$
334

$
888

$
3,646

$
4,488

$
7,362

$
16,718

September 30, 2014
$
0.5750

 
$
377

$
1,835

$
3,918

$
4,824

$
7,912

$
18,866

December 31, 2014
$
0.6200

**
$
485

$
3,487

$
6,551

$
5,202

$
8,544

$
24,269


*Minimum quarterly distribution for quarter ended December 31, 2011 was prorated for the period beginning immediately after the closing of Rose Rock’s IPO, December 14, 2011 through December 31, 2011.
** The distribution to common unitholders related to earnings for the quarter ended December 31, 2014 was payable on February 13, 2015 to holders of record at February 3, 2015. As such, the Class A units, which converted to common units on January 1, 2015, were eligible for the distribution which is reflected in the amount paid to common unitholders.
Summarized Balance Sheet Information
Certain summarized balance sheet information of Rose Rock is shown below (in thousands):
 
December 31, 2014
 
December 31, 2013
Cash
$
3,666

 
$
15,459

Other current assets
270,224

 
306,128

Property, plant and equipment, net
335,910

 
311,616

Equity method investment
269,635

 
224,095

Goodwill
36,116

 
28,322

Other noncurrent assets
29,677

 
11,627

Total assets
$
945,228

 
$
897,247

Current liabilities
$
263,680

 
$
293,031

Long-term debt
432,092

 
245,088

Partners’ capital attributable to SemGroup
179,527

 
120,610

Partners’ capital attributable to noncontrolling interests
69,929

 
159,961

Noncontrolling interest in consolidated subsidiaries retained by SemGroup
—

 
78,557

Total liabilities and partners’ capital
$
945,228

 
$
897,247
Summarized Income Statement Information
Certain summarized income statement information of Rose Rock for the years ended December 31, 2014, 2013, and 2012 is shown below (in thousands):
 
Year Ended December 31, 2014
 
Year Ended December 31, 2013
 
Year Ended December 31, 2012
Revenue
$
1,290,644

 
$
766,526

 
$
620,417

Costs of products sold
$
1,131,362

 
$
663,759

 
$
546,966

Operating, general and administrative expenses
$
97,575

 
$
51,082

 
$
35,385

Depreciation and amortization expense
$
36,072

 
$
23,165

 
$
12,131

Earnings from equity method investment
$
57,378

 
$
17,571

 
$
—

Net income
$
62,577

 
$
38,005

 
$
23,954

Noncontrolling interest in consolidated subsidiaries retained by SemGroup
$
7,758

 
$
1,256

 
$
—

Net income attributable to Rose Rock Midstream, L.P.
$
54,819

 
$
36,749

 
$
23,954