Condensed Consolidating Guarantor Financial Statements (Tables)

3 Months Ended

Mar. 31, 2016

Condensed Consolidating Guarantor Financial Statements [Abstract]

Schedule of Condensed Balance Sheet [Table Text Block]

Condensed Consolidating Guarantor Balance Sheets

	March 31, 2016
	Parent		Guarantors		Non-guarantors		Consolidating Adjustments			Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	2,608	$	—	$	71,969	$	(2,088	)	$	72,489
Accounts receivable, net	703		14,561		273,574		—			288,838
Receivable from affiliates	2,209		881		3,742		(3,155		)	3,677
Inventories	—		122		65,222		—			65,344
Other current assets	8,323		161		10,270		—			18,754
Total current assets	13,843		15,725		424,777		(5,243		)	449,102
Property, plant and equipment, net	4,474		539,195		1,086,082		—			1,629,751
Equity method investments	1,553,273		495,139		433,574		(1,978,072		)	503,914
Goodwill	—		—		35,008		—			35,008
Other intangible assets, net	19		142,133		17,344		—			159,496
Other noncurrent assets	18,761		813		4,987		—			24,561
Total assets	$	1,590,370	$	1,193,005	$	2,001,772	$	(1,983,315	)	$	2,801,832
LIABILITIES AND OWNERS’ EQUITY
Current liabilities:
Accounts payable	$	255	$	9,587	$	205,909	$	—		$	215,751
Payable to affiliates	73		25		6,464		(3,155		)	3,407
Accrued liabilities	10,370		13,341		61,976		1			85,688
Other current liabilities	321		—		11,559		—			11,880
Total current liabilities	11,019		22,953		285,908		(3,154		)	316,726
Long-term debt, net	365,667		7,125		773,421		(23,625		)	1,122,588
Deferred income taxes	132,249		—		48,350		—			180,599
Other noncurrent liabilities	2,601		—		20,950		—			23,551
Commitments and contingencies
Owners’ equity excluding noncontrolling interests in consolidated subsidiaries	1,078,834		1,162,927		793,609		(1,956,536		)	1,078,834
Noncontrolling interests in consolidated subsidiaries	—		—		79,534		—			79,534
Total owners’ equity	1,078,834		1,162,927		873,143		(1,956,536		)	1,158,368
Total liabilities and owners’ equity	$	1,590,370	$	1,193,005	$	2,001,772	$	(1,983,315	)	$	2,801,832

	December 31, 2015
	Parent		Guarantors			Non-guarantors		Consolidating Adjustments			Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	4,559	$	—		$	55,101	$	(1,564	)	$	58,096
Restricted cash	—		—			32		—			32
Accounts receivable, net	640		20,015			306,058		—			326,713
Receivable from affiliates	1,616		1,119			6,141		(2,962		)	5,914
Inventories	—		(48		)	70,287		—			70,239
Other current assets	8,477		359			10,551		—			19,387
Total current assets	15,292		21,445			448,170		(4,526		)	480,381
Property, plant and equipment, net	4,335		536,628			1,025,858		—			1,566,821
Equity method investments	1,546,853		426,801			438,291		(1,860,867		)	551,078
Goodwill	—		13,052			34,980		—			48,032
Other intangible assets, net	20		144,183			18,020		—			162,223
Other noncurrent assets	39,358		881			5,135		—			45,374
Total assets	$	1,605,858	$	1,142,990		$	1,970,454	$	(1,865,393	)	$	2,853,909
LIABILITIES AND OWNERS’ EQUITY
Current liabilities:
Accounts payable	$	734	$	11,221		$	261,711	$	—		$	273,666
Payable to affiliates	78		155			7,762		(2,962		)	5,033
Accrued liabilities	5,551		10,957			68,534		5			85,047
Other current liabilities	569		—			12,712		—			13,281
Total current liabilities	6,932		22,333			350,719		(2,957		)	377,027
Long-term debt, net	325,460		7,340			748,856		(23,840		)	1,057,816
Deferred income taxes	155,411		—			45,542		—			200,953
Other noncurrent liabilities	2,528		—			19,229		—			21,757
Commitments and contingencies
Owners’ equity excluding noncontrolling interests in consolidated subsidiaries	1,115,527		1,113,317			725,279		(1,838,596		)	1,115,527
Noncontrolling interests in consolidated subsidiaries	—		—			80,829		—			80,829
Total owners’ equity	1,115,527		1,113,317			806,108		(1,838,596		)	1,196,356
Total liabilities and owners’ equity	$	1,605,858	$	1,142,990		$	1,970,454	$	(1,865,393	)	$	2,853,909

Schedule of Condensed Income Statement [Table Text Block]

Condensed Consolidating Guarantor Statements of Operations

	Three Months Ended March 31, 2016
	Parent			Guarantors			Non-guarantors			Consolidating Adjustments			Consolidated
Revenues:
Product	$	—		$	33,398		$	206,244		$	(2,746	)	$	236,896
Service	—			12,868			51,205			—			64,073
Other	—			—			13,882			—			13,882
Total revenues	—			46,266			271,331			(2,746		)	314,851
Expenses:
Costs of products sold, exclusive of depreciation and amortization shown below	—			24,609			175,084			(2,746		)	196,947
Operating	—			7,693			42,499			—			50,192
General and administrative	5,872			2,246			12,942			—			21,060
Depreciation and amortization	380			8,874			14,793			—			24,047
Loss on disposal or impairment of long-lived assets, net	—			13,052			255			—			13,307
Total expenses	6,252			56,474			245,573			(2,746		)	305,553
Earnings from equity method investments	6,590			19,180			20,839			(23,538		)	23,071
Loss on issuance of common units by equity method investee	(41		)	—			—			—			(41		)
Operating income	297			8,972			46,597			(23,538		)	32,328
Other expenses (income), net:
Interest expense (income)	(577		)	8,003			11,746			(237		)	18,935
Foreign currency transaction loss	—			—			1,469			—			1,469
Loss on sale or impairment of equity method investment	39,764			—			—			—			39,764
Other income, net	(237		)	—			(187		)	237			(187		)
Total other expenses, net	38,950			8,003			13,028			—			59,981
Income (loss) from continuing operations before income taxes	(38,653		)	969			33,569			(23,538		)	(27,653		)
Income tax expense (benefit)	(23,385		)	—			1,978			—			(21,407		)
Income (loss) from continuing operations	(15,268		)	969			31,591			(23,538		)	(6,246		)
Loss from discontinued operations, net of income taxes	—			(2		)	—			—			(2		)
Net income (loss)	(15,268		)	967			31,591			(23,538		)	(6,248		)
Less: net income attributable to noncontrolling interests	—			—			9,020			—			9,020
Net income (loss) attributable to SemGroup	$	(15,268	)	$	967		$	22,571		$	(23,538	)	$	(15,268	)
Net income (loss)	$	(15,268	)	$	967		$	31,591		$	(23,538	)	$	(6,248	)
Other comprehensive income (loss), net of income taxes	(20,466		)	216			16,141			—			(4,109		)
Comprehensive income (loss)	(35,734		)	1,183			47,732			(23,538		)	(10,357		)
Less: comprehensive income attributable to noncontrolling interests	—			—			9,020			—			9,020
Comprehensive income (loss) attributable to SemGroup	$	(35,734	)	$	1,183		$	38,712		$	(23,538	)	$	(19,377	)

	Three Months Ended March 31, 2015
	Parent			Guarantors			Non-guarantors			Consolidating Adjustments			Consolidated
Revenues:
Product	$	—		$	51,053		$	175,052		$	(5,974	)	$	220,131
Service	—			14,459			47,418			—			61,877
Other	—			—			16,302			—			16,302
Total revenues	—			65,512			238,772			(5,974		)	298,310
Expenses:
Costs of products sold, exclusive of depreciation and amortization shown below	—			40,668			157,378			(5,974		)	192,072
Operating	—			8,114			44,976			—			53,090
General and administrative	17,602			2,064			12,644			—			32,310
Depreciation and amortization	294			7,033			16,407			—			23,734
Loss (gain) on disposal or impairment of long-lived assets, net	—			(1		)	1,059			—			1,058
Total expenses	17,896			57,878			232,464			(5,974		)	302,264
Earnings from equity method investments	14,805			12,528			20,864			(27,638		)	20,559
Operating income (loss)	(3,091		)	20,162			27,172			(27,638		)	16,605
Other expenses (income), net:
Interest expense	1,422			5,491			8,444			(766		)	14,591
Foreign currency transaction gain	—			—			(519		)	—			(519		)
Gain on sale or impairment of equity method investment	(7,894		)	—			—			—			(7,894		)
Other income, net	(792		)	—			(65		)	766			(91		)
Total other expense (income), net	(7,264		)	5,491			7,860			—			6,087
Income from continuing operations before income taxes	4,173			14,671			19,312			(27,638		)	10,518
Income tax expense	2,707			—			2,035			—			4,742
Net income	1,466			14,671			17,277			(27,638		)	5,776
Less: net income attributable to noncontrolling interests	—			—			4,310			—			4,310
Net income attributable to SemGroup	$	1,466		$	14,671		$	12,967		$	(27,638	)	$	1,466
Net income	$	1,466		$	14,671		$	17,277		$	(27,638	)	$	5,776
Other comprehensive income (loss), net of income taxes	8,646			—			(17,706		)	—			(9,060		)
Comprehensive income (loss)	10,112			14,671			(429		)	(27,638		)	(3,284		)
Less: comprehensive income attributable to noncontrolling interests	—			—			4,310			—			4,310
Comprehensive income (loss) attributable to SemGroup	$	10,112		$	14,671		$	(4,739	)	$	(27,638	)	$	(7,594	)

Schedule of Condensed Cash Flow Statement [Table Text Block]

Condensed Consolidating Guarantor Statements of Cash Flows

	Three Months Ended March 31, 2016
	Parent			Guarantors			Non-guarantors			Consolidating Adjustments			Consolidated
Net cash provided by operating activities	$	24,745		$	10,727		$	29,516		$	(17,448	)	$	47,540
Cash flows from investing activities:
Capital expenditures	(518		)	(9,781		)	(63,221		)	—			(73,520		)
Proceeds from sale of long-lived assets	—			—			40			—			40
Contributions to equity method investments	—			—			(1,356		)	—			(1,356		)
Distributions in excess of equity in earnings of affiliates	2,158			—			6,074			(2,158		)	6,074
Net cash provided by (used in) investing activities	1,640			(9,781		)	(58,463		)	(2,158		)	(68,762		)
Cash flows from financing activities:
Borrowings on credit facilities	90,500			—			83,500			—			174,000
Principal payments on credit facilities and other obligations	(50,500		)	—			(59,511		)	—			(110,011		)
Distributions to noncontrolling interests	—			—			(10,833		)	—			(10,833		)
Repurchase of common stock for payment of statutory taxes due on equity-based compensation	(807		)	—			—			—			(807		)
Dividends paid	(19,887		)	—			—			—			(19,887		)
Proceeds from issuance of common stock under employee stock purchase plan	269			—			—			—			269
Intercompany borrowings (advances), net	(47,911		)	(946		)	29,775			19,082			—
Net cash provided by (used in) financing activities	(28,336		)	(946		)	42,931			19,082			32,731
Effect of exchange rate changes on cash and cash equivalents	—			—			2,884			—			2,884
Change in cash and cash equivalents	(1,951		)	—			16,868			(524		)	14,393
Cash and cash equivalents at beginning of period	4,559			—			55,101			(1,564		)	58,096
Cash and cash equivalents at end of period	$	2,608		$	—		$	71,969		$	(2,088	)	$	72,489

	Three Months Ended March 31, 2015
	Parent			Guarantors			Non-guarantors			Consolidating Adjustments			Consolidated
Net cash provided by operating activities	$	5,224		$	4,610		$	15,719		$	(7,009	)	$	18,544
Cash flows from investing activities:
Capital expenditures	(769		)	(34,152		)	(49,406		)	—			(84,327		)
Proceeds from sale of long-lived assets	—			12			105			—			117
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	—			—			(15,182		)	—			(15,182		)
Proceeds from sale of common units of equity method investee	29,012			—			—			—			29,012
Distributions in excess of equity in earnings of affiliates	5,435			—			5,201			(5,435		)	5,201
Net cash provided by (used in) investing activities	284,859			(34,140		)	(59,282		)	(256,616		)	(65,179		)
Cash flows from financing activities:
Debt issuance costs	(601		)	—			—			—			(601		)
Borrowings on credit facilities	110,000			—			312,000			—			422,000
Principal payments on credit facilities and other obligations	(79,000		)	—			(83,012		)	—			(162,012		)
Proceeds from issuance of Rose Rock Midstream, L.P. common units, net of offering costs	—			—			89,119			—			89,119
Distributions to noncontrolling interests	—			—			(8,953		)	—			(8,953		)
Repurchase of common stock for payment of statutory taxes due on equity-based compensation	(3,630		)	—			—			—			(3,630		)
Dividends paid	(14,846		)	—			—			—			(14,846		)
Proceeds from issuance of common stock under employee stock purchase plan	313			—			—			—			313
Intercompany borrowing (advances), net	(59,161		)	29,530			(235,187		)	264,818			—
Net cash provided by (used in) financing activities	(46,925		)	29,530			73,967			264,818			321,390
Effect of exchange rate changes on cash and cash equivalents	—			—			172			—			172
Change in cash and cash equivalents	243,158			—			30,576			1,193			274,927
Cash and cash equivalents at beginning of period	9,254			—			35,445			(4,101		)	40,598
Cash and cash equivalents at end of period	$	252,412		$	—		$	66,021		$	(2,908	)	$	315,525