Condensed Consolidating Guarantor Financial Statements (Tables)

9 Months Ended

Sep. 30, 2015

Condensed Consolidating Guarantor Financial Statements [Abstract]

Schedule of Condensed Balance Sheet [Table Text Block]

Condensed Consolidating Guarantor Balance Sheets

	September 30, 2015
	Parent		Guarantors		Non-guarantors		Consolidating Adjustments			Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	40,950	$	—	$	108,628	$	(3,585	)	$	145,993
Accounts receivable, net	706		26,789		305,662		—			333,157
Receivable from affiliates	921		1,318		8,050		(2,456		)	7,833
Inventories	—		963		62,894		—			63,857
Other current assets	9,564		550		10,287		—			20,401
Total current assets	52,141		29,620		495,521		(6,041		)	571,241
Property, plant and equipment, net	4,728		527,799		942,420		—			1,474,947
Equity method investments	1,514,132		417,621		430,168		(1,814,473		)	547,448
Goodwill	—		13,052		44,540		—			57,592
Other intangible assets, net	22		146,233		18,585		—			164,840
Other noncurrent assets, net	40,240		3,168		18,092		—			61,500
Total assets	$	1,611,263	$	1,137,493	$	1,949,326	$	(1,820,514	)	$	2,877,568
LIABILITIES AND OWNERS’ EQUITY
Current liabilities:
Accounts payable	$	574	$	15,267	$	247,784	$	—		$	263,625
Payable to affiliates	211		10		13,386		(2,457		)	11,150
Accrued liabilities	14,453		12,495		63,639		(3		)	90,584
Deferred revenue	—		—		11,403		—			11,403
Other current liabilities	461		—		910		—			1,371
Current portion of long-term debt	—		—		37		—			37
Total current liabilities	15,699		27,772		337,159		(2,460		)	378,170
Long-term debt	300,000		7,520		760,968		(24,020		)	1,044,468
Deferred income taxes	151,785		—		46,512		—			198,297
Other noncurrent liabilities	2,457		—		20,014		—			22,471
Commitments and contingencies
Owners’ equity excluding noncontrolling interests in consolidated subsidiaries	1,141,322		1,102,201		691,833		(1,794,034		)	1,141,322
Noncontrolling interests in consolidated subsidiaries	—		—		92,840		—			92,840
Total owners’ equity	1,141,322		1,102,201		784,673		(1,794,034		)	1,234,162
Total liabilities and owners’ equity	$	1,611,263	$	1,137,493	$	1,949,326	$	(1,820,514	)	$	2,877,568

	December 31, 2014
	Parent		Guarantors		Non-guarantors		Consolidating Adjustments			Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	9,254	$	—	$	35,445	$	(4,101	)	$	40,598
Restricted cash	3,856		—		3,124		—			6,980
Accounts receivable, net	9,669		32,056		309,609		—			351,334
Receivable from affiliates	2,512		6,624		15,659		(7,976		)	16,819
Inventories	—		248		43,284		—			43,532
Other current assets	10,498		575		8,944		—			20,017
Total current assets	35,789		39,503		416,065		(12,077		)	479,280
Property, plant and equipment, net	4,112		452,352		800,361		—			1,256,825
Equity method investments	1,551,825		348,115		415,673		(1,737,693		)	577,920
Goodwill	—		13,052		45,274		—			58,326
Other intangible assets, net	26		152,383		20,656		—			173,065
Other noncurrent assets, net	24,555		958		18,873		—			44,386
Total assets	$	1,616,307	$	1,006,363	$	1,716,902	$	(1,749,770	)	$	2,589,802
LIABILITIES AND OWNERS’ EQUITY
Current liabilities:
Accounts payable	$	649	$	22,097	$	234,431	$	—		$	257,177
Payable to affiliates	21		7		21,406		(7,974		)	13,460
Accrued liabilities	11,993		17,575		63,126		—			92,694
Payables to pre-petition creditors	3,129		—		—		—			3,129
Deferred revenue	—		—		23,688		—			23,688
Other current liabilities	224		707		543		—			1,474
Current portion of long-term debt	—		—		40		—			40
Total current liabilities	16,016		40,386		343,234		(7,974		)	391,662
Long-term debt	335,000		—		490,946		(58,854		)	767,092
Deferred income taxes	112,897		—		49,059		—			161,956
Other noncurrent liabilities	2,886		—		46,769		—			49,655
Commitments and contingencies
Owners’ equity excluding noncontrolling interests in consolidated subsidiaries	1,149,508		965,977		716,965		(1,682,942		)	1,149,508
Noncontrolling interests in consolidated subsidiaries	—		—		69,929		—			69,929
Total owners’ equity	1,149,508		965,977		786,894		(1,682,942		)	1,219,437
Total liabilities and owners’ equity	$	1,616,307	$	1,006,363	$	1,716,902	$	(1,749,770	)	$	2,589,802

Schedule of Condensed Income Statement [Table Text Block]

Condensed Consolidating Guarantor Statements of Operations

	Three Months Ended September 30, 2015
	Parent			Guarantors		Non-guarantors			Consolidating Adjustments			Consolidated
Revenues:
Product	$	—		$	49,129	$	268,384		$	(4,162	)	$	313,351
Service	—			15,141		48,950			—			64,091
Other	—			—		19,623			—			19,623
Total revenues	—			64,270		336,957			(4,162		)	397,065
Expenses:
Costs of products sold, exclusive of depreciation and amortization shown below	—			36,345		242,456			(4,162		)	274,639
Operating	—			8,507		44,760			—			53,267
General and administrative	4,730			2,376		15,939			—			23,045
Depreciation and amortization	423			8,462		17,137			—			26,022
Loss (gain) on disposal or impairment of long-lived assets, net	—			35		(986		)	—			(951		)
Total expenses	5,153			55,725		319,306			(4,162		)	376,022
Earnings from equity method investments	15,416			13,936		17,116			(30,231		)	16,237
Gain on issuance of common units by equity method investee	136			—		—			—			136
Operating income	10,399			22,481		34,767			(30,231		)	37,416
Other expenses (income), net:
Interest expense	185			7,215		11,998			(228		)	19,170
Foreign currency transaction gain	—			—		(385		)	—			(385		)
Other income, net	(246		)	—		(938		)	228			(956		)
Total other expense (income), net	(61		)	7,215		10,675			—			17,829
Income from continuing operations before income taxes	10,460			15,266		24,092			(30,231		)	19,587
Income tax expense	5,587			—		4,419			—			10,006
Income from continuing operations	4,873			15,266		19,673			(30,231		)	9,581
Loss from discontinued operations, net of income taxes	—			—		(1		)	—			(1		)
Net income	4,873			15,266		19,672			(30,231		)	9,580
Less: net income attributable to noncontrolling interests	—			—		4,707			—			4,707
Net income attributable to SemGroup	$	4,873		$	15,266	$	14,965		$	(30,231	)	$	4,873
Net income	$	4,873		$	15,266	$	19,672		$	(30,231	)	$	9,580
Other comprehensive income (loss), net of income taxes	7,055			251		(27,516		)	—			(20,210		)
Comprehensive income (loss)	11,928			15,517		(7,844		)	(30,231		)	(10,630		)
Less: comprehensive income attributable to noncontrolling interests	—			—		4,707			—			4,707
Comprehensive income (loss) attributable to SemGroup	$	11,928		$	15,517	$	(12,551	)	$	(30,231	)	$	(15,337	)

	Three Months Ended September 30, 2014
	Parent			Guarantors			Non-guarantors			Consolidating Adjustments			Consolidated
Revenues:
Product	$	—		$	83,442		$	421,704		$	(9,710	)	$	495,436
Service	—			12,320			52,899			—			65,219
Other	—			—			33,580			—			33,580
Total revenues	—			95,762			508,183			(9,710		)	594,235
Expenses:
Costs of products sold, exclusive of depreciation and amortization shown below	—			67,929			399,844			(9,710		)	458,063
Operating	—			9,031			60,346			—			69,377
General and administrative	7,862			2,323			13,111			—			23,296
Depreciation and amortization	430			6,893			17,877			—			25,200
Loss (gain) on disposal or impairment of long-lived assets, net	—			(7		)	1,383			—			1,376
Total expenses	8,292			86,169			492,561			(9,710		)	577,312
Earnings from equity method investments	15,778			5,879			18,705			(26,139		)	14,223
Gain on issuance of common units by equity method investee	18,772			—			—			—			18,772
Operating income	26,258			15,472			34,327			(26,139		)	49,918
Other expenses (income), net:
Interest expense	1,658			2,330			11,650			(831		)	14,807
Foreign currency transaction loss	—			—			128			—			128
Other income, net	(22,030		)	—			(104		)	831			(21,303		)
Total other expense (income), net	(20,372		)	2,330			11,674			—			(6,368		)
Income from continuing operations before income taxes	46,630			13,142			22,653			(26,139		)	56,286
Income tax expense	21,368			—			2,722			—			24,090
Net income	25,262			13,142			19,931			(26,139		)	32,196
Less: net income attributable to noncontrolling interests	—			—			6,934			—			6,934
Net income attributable to SemGroup	$	25,262		$	13,142		$	12,997		$	(26,139	)	$	25,262
Net income	$	25,262		$	13,142		$	19,931		$	(26,139	)	$	32,196
Other comprehensive income (loss), net of income taxes	3,377			—			(13,708		)	—			(10,331		)
Comprehensive income	28,639			13,142			6,223			(26,139		)	21,865
Less: comprehensive income attributable to noncontrolling interests	—			—			6,934			—			6,934
Comprehensive income (loss) attributable to SemGroup	$	28,639		$	13,142		$	(711	)	$	(26,139	)	$	14,931

	Nine Months Ended September 30, 2015
	Parent			Guarantors			Non-guarantors			Consolidating Adjustments			Consolidated
Revenues:
Product	$	—		$	150,475		$	688,322		$	(16,579	)	$	822,218
Service	—			45,343			147,229			—			192,572
Other	—			—			57,811			—			57,811
Total revenues	—			195,818			893,362			(16,579		)	1,072,601
Expenses:
Costs of products sold, exclusive of depreciation and amortization shown below	—			112,645			614,803			(16,579		)	710,869
Operating	—			25,443			141,714			—			167,157
General and administrative	26,958			7,082			44,232			—			78,272
Depreciation and amortization	1,046			22,750			50,634			—			74,430
Loss on disposal of long-lived assets, net	—			142			1,337			—			1,479
Total expenses	28,004			168,062			852,720			(16,579		)	1,032,207
Earnings from equity method investments	58,804			41,512			55,663			(95,280		)	60,699
Gain on issuance of common units by equity method investee	6,033			—			—			—			6,033
Operating income	36,833			69,268			96,305			(95,280		)	107,126
Other expenses (income), net:
Interest expense	2,388			18,866			31,056			(1,727		)	50,583
Foreign currency transaction gain	(5		)	—			(1,194		)	—			(1,199		)
Other income, net	(16,333		)	—			(1,053		)	1,727			(15,659		)
Total other expense (income), net	(13,950		)	18,866			28,809			—			33,725
Income from continuing operations before income taxes	50,783			50,402			67,496			(95,280		)	73,401
Income tax expense	21,147			—			8,462			—			29,609
Income from continuing operations	29,636			50,402			59,034			(95,280		)	43,792
Loss from discontinued operations, net of income taxes	—			(1		)	(2		)	—			(3		)
Net income	29,636			50,401			59,032			(95,280		)	43,789
Less: net income attributable to noncontrolling interests	—			—			14,153			—			14,153
Net income attributable to SemGroup	$	29,636		$	50,401		$	44,879		$	(95,280	)	$	29,636
Net income	$	29,636		$	50,401		$	59,032		$	(95,280	)	$	43,789
Other comprehensive income (loss), net of income taxes	13,355			251			(37,356		)	—			(23,750		)
Comprehensive income	42,991			50,652			21,676			(95,280		)	20,039
Less: comprehensive income attributable to noncontrolling interests	—			—			14,153			—			14,153
Comprehensive income attributable to SemGroup	$	42,991		$	50,652		$	7,523		$	(95,280	)	$	5,886

	Nine Months Ended September 30, 2014
	Parent			Guarantors		Non-guarantors			Consolidating Adjustments			Consolidated
Revenues:
Product	$	—		$	263,779	$	1,091,050		$	(29,377	)	$	1,325,452
Service	—			23,132		144,044			—			167,176
Other	—			—		82,714			—			82,714
Total revenues	—			286,911		1,317,808			(29,377		)	1,575,342
Expenses:
Costs of products sold, exclusive of depreciation and amortization shown below	—			212,769		1,028,311			(29,377		)	1,211,703
Operating	—			24,127		155,452			—			179,579
General and administrative	17,380			6,624		39,878			—			63,882
Depreciation and amortization	1,282			18,823		50,794			—			70,899
Loss (gain) on disposal of long-lived assets, net	5,945			54,698		(40,010		)	—			20,633
Total expenses	24,607			317,041		1,234,425			(29,377		)	1,546,696
Earnings from equity method investments	47,097			65,658		36,537			(100,920		)	48,372
Gain on issuance of common units by equity method investee	26,899			—		—			—			26,899
Operating income	49,389			35,528		119,920			(100,920		)	103,917
Other expenses (income), net:
Interest expense	7,241			6,727		22,906			(2,480		)	34,394
Foreign currency transaction gain	—			—		(388		)	—			(388		)
Other income, net	(5,729		)	—		(139		)	2,480			(3,388		)
Total other expenses, net	1,512			6,727		22,379			—			30,618
Income from continuing operations before income taxes	47,877			28,801		97,541			(100,920		)	73,299
Income tax expense	26,711			—		7,233			—			33,944
Income from continuing operations	21,166			28,801		90,308			(100,920		)	39,355
Loss from discontinued operations, net of income taxes	—			—		(5		)	—			(5		)
Net income	21,166			28,801		90,303			(100,920		)	39,350
Less: net income attributable to noncontrolling interests	—			—		18,184			—			18,184
Net income attributable to SemGroup	$	21,166		$	28,801	$	72,119		$	(100,920	)	$	21,166
Net income	21,166			28,801		90,303			(100,920		)	39,350
Other comprehensive income (loss), net of income taxes	951			—		(7,569		)	—			(6,618		)
Comprehensive income	22,117			28,801		82,734			(100,920		)	32,732
Less: comprehensive income attributable to noncontrolling interests	—			—		18,184			—			18,184
Comprehensive income attributable to SemGroup	$	22,117		$	28,801	$	64,550		$	(100,920	)	$	14,548

Schedule of Condensed Cash Flow Statement [Table Text Block]

Condensed Consolidating Guarantor Statements of Cash Flows

	Nine Months Ended September 30, 2015
	Parent			Guarantors			Non-guarantors			Consolidating Adjustments			Consolidated
Net cash provided by operating activities	$	38,781		$	29,040		$	103,172		$	(33,944	)	$	137,049
Cash flows from investing activities:
Capital expenditures	(1,658		)	(94,172		)	(256,986		)	—			(352,816		)
Proceeds from sale of long-lived assets	—			34			2,503			—			2,537
Proceeds from the sale of Wattenberg Holding, LLC and Glass Mountain Holding, LLC to Rose Rock Midstream L.P.	251,181			—			—			(251,181		)	—
Contributions to equity method investments	—			—			(34,059		)	—			(34,059		)
Proceeds from sale of common units of equity method investee	56,318			—			—			—			56,318
Distributions in excess of equity in earnings of affiliates	18,981			—			19,564			(18,981		)	19,564
Net cash provided by (used in) investing activities	324,822			(94,138		)	(268,978		)	(270,162		)	(308,456		)
Cash flows from financing activities:
Debt issuance costs	(601		)	—			(5,688		)	—			(6,289		)
Borrowings on credit facilities	126,000			—			676,208			—			802,208
Principal payments on credit facilities and other obligations	(161,000		)	—			(364,037		)	—			(525,037		)
Proceeds from issuance of Rose Rock Midstream, L.P. common units, net of offering costs	—			—			89,119			—			89,119
Distributions to noncontrolling interests	—			—			(29,780		)	—			(29,780		)
Repurchase of common stock for payment of statutory taxes due on equity-based compensation	(4,259		)	—			—			—			(4,259		)
Dividends paid	(49,836		)	—			—			—			(49,836		)
Proceeds from issuance of common stock under employee stock purchase plan	909			—			—			—			909
Intercompany borrowings (advances), net	(243,120		)	65,098			(126,600		)	304,622			—
Net cash provided by (used in) financing activities	(331,907		)	65,098			239,222			304,622			277,035
Effect of exchange rate changes on cash and cash equivalents	—			—			(233		)	—			(233		)
Change in cash and cash equivalents	31,696			—			73,183			516			105,395
Cash and cash equivalents at beginning of period	9,254			—			35,445			(4,101		)	40,598
Cash and cash equivalents at end of period	$	40,950		$	—		$	108,628		$	(3,585	)	$	145,993

	Nine Months Ended September 30, 2014
	Parent			Guarantors			Non-guarantors			Consolidating Adjustments			Consolidated
Net cash provided by operating activities	$	21,740		$	45,890		$	59,549		$	(21,279	)	$	105,900
Cash flows from investing activities:
Capital expenditures	(1,302		)	(127,861		)	(65,064		)	—			(194,227		)
Proceeds from sale of long-lived assets	—			2,368			1,715			—			4,083
Contributions to equity method investments	—			(16,203		)	(54,527		)	—			(70,730		)
Proceeds from the sale of interest in SemCrude Pipeline, L.L.C. to Rose Rock Midstream L.P.	114,412			—			—			(114,412		)	—
Payments to acquire businesses	—			(514		)	(43,994		)	—			(44,508		)
Proceeds from sale of common units of equity method investee	59,744			—			—			—			59,744
Distributions in excess of equity in earnings of affiliates	1,051			1,145			5,420			(1,051		)	6,565
Net cash provided by (used in) investing activities	173,905			(141,065		)	(156,450		)	(115,463		)	(239,073		)
Cash flows from financing activities:
Debt issuance costs	(93		)	—			(8,577		)	—			(8,670		)
Borrowings on credit facilities	286,500			—			787,744			—			1,074,244
Principal payments on credit facilities and other obligations	(336,500		)	—			(559,761		)	—			(896,261		)
Distributions to noncontrolling interests	—			—			(20,571		)	—			(20,571		)
Proceeds from warrant exercises	86			—			—			—			86
Repurchase of common stock for payment of statutory taxes due on equity-based compensation	(719		)	—			—			—			(719		)
Dividends paid	(31,149		)	—			—			—			(31,149		)
Proceeds from issuance of common stock under employee stock purchase plan	340			—			—			—			340
Excess tax benefit from equity-based awards	1,650			—			—			—			1,650
Intercompany borrowing (advances), net	(112,609		)	95,175			(117,408		)	134,842			—
Net cash provided by (used in) financing activities	(192,494		)	95,175			81,427			134,842			118,950
Effect of exchange rate changes on cash and cash equivalents	—			—			1,921			—			1,921
Change in cash and cash equivalents	3,151			—			(13,553		)	(1,900		)	(12,302		)
Cash and cash equivalents at beginning of period	2,545			—			78,342			(1,536		)	79,351
Cash and cash equivalents at end of period	$	5,696		$	—		$	64,789		$	(3,436	)	$	67,049