Equity Method Investments (Tables)

12 Months Ended

Dec. 31, 2015

Equity Method Investments [Table Text Block]

Our equity method investments consist of the following (in thousands):

	December 31,
	2015		2014
White Cliffs	$	297,109	$	269,635
NGL Energy	112,787		162,246
Glass Mountain	141,182		146,039
Total equity method investments	$	551,078	$	577,920

Cash distributions received from equity method investments [Table Text Block]

Cash distributions received from equity method investments consist of the following (in thousands):

	Year Ended December 31,
	2015		2014		2013
White Cliffs	$	86,845	$	66,768	$	57,576
NGL Energy	19,074		23,404		18,321
Glass Mountain	13,623		6,823		—
Total cash distributions received from equity method investments	$	119,542	$	96,995	$	75,897

Earnings from Equity Method Investments [Table Text Block]

Our earnings from equity method investments consist of the following (in thousands):

	Year Ended December 31,
	2015		2014		2013
White Cliffs	$	70,238	$	57,378	$	45,459
NGL Energy(1)	5,031		2,343		7,123
Glass Mountain	6,117		4,478		(105		)
Total earnings from equity method investments	$	81,386	$	64,199	$	52,477

(1) Excluding gains on issuance of common units of $6.4 million, $29.0 million and $26.9 million for the years ended December 31, 2015, 2014 and 2013, respectively.

White Cliffs Pipeline, LLC [Member]

Schedule of Balance Sheet Information on Equity Method Investments

Certain summarized balance sheet information of White Cliffs is shown below (in thousands):

	December 31,
	2015		2014
Current assets	$	54,091	$	35,623
Property, plant and equipment, net	509,068		471,179
Goodwill	17,000		17,000
Other intangible assets, net	11,974		16,043
Total assets	$	592,133	$	539,845
Current liabilities	$	9,491	$	11,108
Members’ equity	582,642		528,737
Total liabilities and members’ equity	$	592,133	$	539,845

Schedule of Income Statement Information on Equity Method Investments

Certain summarized income statement information of White Cliffs for the years ended December 31, 2015, 2014 and 2013 is shown below (in thousands):

	Year Ended December 31,
	2015		2014		2013
Revenue	$	206,395	$	160,369	$	133,310
Operating, general and administrative expenses	$	33,284	$	23,067	$	23,825
Depreciation and amortization expense	$	34,105	$	23,257	$	18,668
Net income	$	139,000	$	114,045	$	90,817

Ngl Energy Partners Lp [Member]

Schedule of Balance Sheet Information on Equity Method Investments

Certain unaudited summarized balance sheet information of NGL Energy is shown below (in thousands):

	(Unaudited)  September 30,
	2015		2014
Current assets	$	1,276,919	$	2,585,053
Property plant and equipment, net	1,845,112		1,433,313
Goodwill	1,490,928		1,170,490
Intangible and other assets, net	1,836,878		1,362,823
Total assets	$	6,449,837	$	6,551,679
Current liabilities	$	852,170	$	1,759,980
Long-term debt	3,093,694		2,437,351
Other noncurrent liabilities	17,679		39,518
Equity	2,486,294		2,314,830
Total liabilities and equity	$	6,449,837	$	6,551,679

Schedule of Income Statement Information on Equity Method Investments

Certain unaudited summarized income statement information of NGL Energy for the twelve months ended September 30, 2015, 2014 and 2013 is shown below (in thousands):

	(Unaudited) Twelve Months Ended September 30,
	2015		2014		2013
Revenue	$	14,504,581	$	15,748,520	$	5,935,715
Costs of products sold	$	13,573,066	$	15,054,291	$	5,478,361
Operating, general and administrative expenses	$	625,035	$	440,609	$	276,905
Depreciation and amortization expense	$	221,067	$	162,443	$	94,050
Net income	$	22,995	$	11,409	$	44,378

Glass Mountain Pipeline LLC [Member]

Schedule of Balance Sheet Information on Equity Method Investments

Certain summarized balance sheet information of Glass Mountain is shown below (in thousands):

	December 31,
	2015		2014
Current assets	$	7,856	$	8,810
Property, plant and equipment, net	205,920		215,876
Total assets	$	213,776	$	224,686
Current liabilities	$	1,036	$	2,643
Other liabilities	28		42
Members’ equity	212,712		222,001
Total liabilities and members’ equity	$	213,776	$	224,686

Schedule of Income Statement Information on Equity Method Investments

Certain summarized income statement information of Glass Mountain for the year ended December 31, 2015 and 2014 is shown below (in thousands):

	Year Ended December 31,
	2015		2014
Revenue	$	38,526	$	30,398
Cost of Sales	$	3,392	$	757
Operating, general and administrative expenses	$	6,643	$	6,419
Depreciation and amortization expense	$	15,828	$	13,872
Net income	$	12,657	$	9,344