XML 55 R37.htm IDEA: XBRL DOCUMENT v3.3.1.900
Segments (Tables)
 12 Months Ended
Dec. 31, 2015
Segment Reporting Information [Line Items]  
Schedule of Segment Reporting Information
 
Year Ended December 31,
 
2015
 
2014
 
2013
Revenues:
 
 
 
 
 
   Crude Transportation
 
 
 
 
 
External
$
81,991

 
$
84,718

 
$
34,917

Intersegment
15,021

 
10,840

 
225

   Crude Facilities
 
 
 
 
 
External
45,936

 
44,007

 
46,697

   Crude Supply and Logistics
 
 
 
 
 
External
716,784

 
1,169,372

 
685,588

   SemGas
 
 
 
 
 
External
231,569

 
342,286

 
207,134

Intersegment
20,605

 
37,897

 
23,985

   SemCAMS
 
 
 
 
 
External
136,197

 
176,724

 
198,450

   SemLogistics
 
 
 
 
 
External
24,351

 
12,650

 
11,671

   SemMexico
 
 
 
 
 
External
211,291

 
290,869

 
242,559

   Corporate and Other
 
 
 
 
 
External
6,975

 
1,953

 
—

Intersegment
(35,626
)
 
(48,737
)
 
(24,210
)
Total Revenues
$
1,455,094


$
2,122,579

 
$
1,427,016

 
 
 
 
 
 
 
Year Ended December 31,
 
2015
 
2014
 
2013
Earnings from equity method investments:
 
 
 
 
 
   Crude Transportation
$
76,355

 
$
61,856

 
$
45,354

   SemStream(1)
11,416

 
31,363

 
33,996

Total earnings from equity method investments
$
87,771


$
93,219

 
$
79,350

(1) including gain on issuance of common units by equity method investee
 
 
 
 
 
 
 
Year Ended December 31,
 
2015
 
2014
 
2013
Depreciation and amortization:
 
 
 
 
 
   Crude Transportation
$
35,500

 
$
33,679

 
$
17,814

   Crude Facilities
5,829

 
5,365

 
4,833

   Crude Supply and Logistics
159

 
549

 
673

   SemGas
31,803

 
26,353

 
14,517

   SemCAMS
12,940

 
14,295

 
10,766

   SemLogistics
8,543

 
10,005

 
9,426

   SemMexico
4,076

 
6,031

 
5,991

   Corporate and Other
2,032

 
2,120

 
2,389

Total depreciation and amortization
$
100,882

 
$
98,397

 
$
66,409

 
 
 
 
 
 
 
Year Ended December 31,
 
2015
 
2014
 
2013
Income tax expense (benefit):
 
 
 
 
 
SemCAMS
$
4,847

 
$
3,135

 
$
6,348

SemLogistics
(2,195
)
 
(2,231
)
 
(5,699
)
SemMexico
2,611

 
4,053

 
2,589

Corporate and other
28,267

 
41,556

 
(20,492
)
Total income tax expense (benefit)
$
33,530

 
$
46,513

 
$
(17,254
)
 
 
 
 
 
 
 
Year Ended December 31,
 
2015
 
2014
 
2013
Segment profit (1):
 
 
 
 
 
   Crude Transportation
$
81,028

 
$
76,705

 
$
51,100

   Crude Facilities
33,757

 
32,286

 
37,083

   Crude Supply and Logistics
30,088

 
24,021

 
15,010

   SemGas
61,669

 
41,715

 
32,483

   SemCAMS
36,013

 
45,326

 
32,886

   SemStream
11,391

 
31,280

 
33,389

   SemLogistics
7,249

 
25

 
(2,007
)
   SemMexico
15,614

 
16,139

 
13,493

   Corporate and Other
(44,760
)
 
(43,841
)
 
(30,088
)
Total segment profit
$
232,049


$
223,656

 
$
183,349

(1) Segment profit represents revenues excluding unrealized gains (losses) related to derivative instruments plus earnings from equity method investments less cost of sales excluding depreciation and amortization and less operating and general and administrative expenses.
 
 
 
 
 
 
 
Year Ended December 31,
 
2015
 
2014
 
2013
Reconciliation of segment profit to net income:
 
 
 
 
 
   Total segment profit
$
232,049


$
223,656

 
$
183,349

     Less:
 
 
 
 
 
Net unrealized loss (gain) related to derivative instruments
2,014

 
(1,734
)
 
(974
)
Depreciation and amortization
100,882

 
98,397

 
66,409

Interest expense
69,675

 
49,044

 
25,142

Foreign currency transaction gain
(1,067
)
 
(86
)
 
(1,633
)
Other expense (income), net
(15,801
)
 
(20,536
)
 
45,906

Income tax expense (benefit)
33,530

 
46,513

 
(17,254
)
Loss (income) from discontinued operations
4

 
1

 
(59
)
   Net income
$
42,812


$
52,057

 
$
65,812

 
 
 
 
 
 
 
Year Ended December 31,
 
2015
 
2014
 
2013
Additions to long-lived assets, including acquisitions and contributions to equity method investments:
 
 
 
 
 
   Crude Transportation
$
219,227

 
$
160,471

 
$
244,777

   Crude Facilities
30,118

 
8,207

 
11,783

   Crude Supply and Logistics
2,564

 
11,662

 
1,868

   SemGas
110,908

 
153,088

 
410,508

   SemCAMS
142,368

 
35,286

 
56,122

   SemLogistics
12,289

 
2,974

 
2,071

   SemMexico
7,051

 
9,690

 
6,375

   SemStream
—

 
—

 
18,775

   Corporate and Other
1,919

 
1,906

 
1,211

Total additions to long-lived assets
$
526,444


$
383,284

 
$
753,490

 
 
 
 
 
 
 
 
 
December 31,
 
 
 
2015
 
2014
Total assets (excluding intersegment receivables):
 
 
 
 
 
   Crude Transportation
 
 
$
877,017

 
$
746,723

   Crude Facilities
 
 
155,186

 
116,784

   Crude Supply and Logistics
 
 
328,419

 
271,444

   SemGas
 
 
719,789

 
662,223

   SemCAMS
 
 
331,749

 
279,191

   SemLogistics
 
 
155,794

 
150,498

   SemMexico
 
 
89,608

 
107,225

   SemStream
 
 
112,787

 
162,246

   Corporate and Other
 
 
100,947

 
93,468

Total
 
 
$
2,871,296

 
$
2,589,802

 
 
 
 
 
 
 
 
 
December 31,
 
 
 
2015
 
2014
Equity investments:
 
 
 
 
 
   Crude Transportation
 
 
$
438,291

 
$
415,674

   SemStream
 
 
112,787

 
162,246

Total equity investments
 
 
$
551,078


$
577,920