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Rose Rock Midstream, L.P. (Tables)
 12 Months Ended
Dec. 31, 2015
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, 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

 
 
 
 
 
 
 
 
 
March 31, 2015
$
0.6350

 
$
568

$
4,450

$
13,148

$
—

$
10,213

$
28,379

June 30, 2015
$
0.6500

 
$
590

$
4,979

$
13,458

$
—

$
10,456

$
29,483

September 30, 2015
$
0.6600

 
$
604

$
5,333

$
13,665

$
—

$
10,619

$
30,221

December 31, 2015
$
0.6600

(1)
$
604

$
5,333

$
13,665

$
—

$
10,622

$
30,224


(1) The distribution to common unitholders related to earnings for the quarter ended December 31, 2015 was payable on February 12, 2016 to holders of record at February 2, 2016.
Summarized Balance Sheet Information
Certain summarized balance sheet information of Rose Rock is shown below (in thousands):
 
December 31,
 
2015
 
2014
Cash
$
9,059

 
$
3,625

Other current assets
310,555

 
271,144

Property, plant and equipment, net
441,596

 
396,066

Equity method investment
438,291

 
269,635

Goodwill
26,628

 
36,116

Other noncurrent assets
31,702

 
29,677

Total assets
$
1,257,831

 
$
1,006,263

 
 
 
 
Current liabilities
$
283,029

 
$
265,682

Long-term debt
744,597

 
432,092

Partners’ capital attributable to SemGroup
149,376

 
238,560

Partners’ capital attributable to noncontrolling interests
80,829

 
69,929

Total liabilities and partners’ capital
$
1,257,831

 
$
1,006,263
Summarized Income Statement Information
Certain summarized income statement information of Rose Rock for the years ended December 31, 2015, 2014, and 2013 is shown below (in thousands):
 
Year Ended December 31,
 
2015
 
2014
 
2013
Revenue
$
844,711

 
$
1,298,097

 
$
767,202

Costs of products sold
$
671,769

 
$
1,131,362

 
$
663,759

Operating, general and administrative expenses
$
114,476

 
$
99,894

 
$
51,624

Depreciation and amortization expense
$
41,998

 
$
40,035

 
$
23,708

Earnings from equity method investment
$
76,355

 
$
57,378

 
$
17,571

Net income
$
49,673

 
$
62,925

 
$
37,515

Noncontrolling interest in consolidated subsidiaries retained by SemGroup
$
—

 
$
7,758

 
$
1,256

Net income attributable to Rose Rock Midstream, L.P.
$
49,673

 
$
55,167

 
$
36,259