XML 64 R4.htm IDEA: XBRL DOCUMENT v3.2.0.727
Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - Equity Component [Domain] - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues:        
Product $ 288,736 $ 402,986 $ 508,867 $ 830,016
Service 66,604 53,450 128,481 101,957
Other 21,886 25,788 38,188 49,134
Total revenues 377,226 482,224 675,536 981,107
Expenses:        
Costs of products sold, exclusive of depreciation and amortization shown below 244,158 368,527 436,230 753,640
Operating 60,800 59,424 113,890 110,202
General and administrative 22,917 21,850 55,227 40,586
Depreciation and amortization 24,674 22,062 48,408 45,699
Loss on disposal or impairment of long-lived assets, net 1,372 19,315 2,430 19,257
Total expenses 353,921 491,178 656,185 969,384
Earnings from equity method investments 23,903 19,187 44,462 34,149
Gain on issuance of common units by equity method investee 5,897 0 5,897 8,127
Operating income 53,105 10,233 69,710 53,999
Other expenses (income), net:        
Interest expense 16,822 10,360 31,413 19,587
Foreign currency transaction loss (gain) (295) 167 (814) (516)
Other expense (income), net (6,718) 18,962 (14,703) 17,915
Total other expenses, net 9,809 29,489 15,896 36,986
Income (loss) from continuing operations before income taxes 43,296 (19,256) 53,814 17,013
Income tax expense (benefit) 14,861 (6,672) 19,603 9,854
Income (loss) from continuing operations 28,435 (12,584) 34,211 7,159
Loss from discontinued operations, net of income taxes (2) 0 (2) (5)
Net income (loss) 28,433 (12,584) 34,209 7,154
Less: net income attributable to noncontrolling interests 5,136 5,025 9,446 11,250
Net income (loss) attributable to SemGroup 23,297 (17,609) 24,763 (4,096)
Other comprehensive income (loss), net of income taxes 5,520 6,685 (3,540) 3,713
Comprehensive income (loss) 33,953 (5,899) 30,669 10,867
Less: comprehensive income attributable to noncontrolling interests 5,136 5,025 9,446 11,250
Comprehensive income (loss) attributable to SemGroup $ 28,817 $ (10,924) $ 21,223 $ (383)
Net income (loss) attributable to SemGroup per common share (Note 11):        
Basic $ 0.53 $ (0.41) $ 0.57 $ (0.10)
Diluted $ 0.53 $ (0.41) $ 0.56 $ (0.10)