Condensed Consolidating Guarantor Financial Statements (Tables)

6 Months Ended

Jun. 30, 2016

Condensed Consolidating Guarantor Financial Statements [Abstract]

Schedule of Condensed Balance Sheet [Table Text Block]

Condensed Consolidating Guarantor Balance Sheets

	June 30, 2016
	Parent		Guarantors			Non-guarantors		Consolidating Adjustments			Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	187,987	$	—		$	68,614	$	(821	)	$	255,780
Restricted cash	—		—			31		—			31
Accounts receivable, net	641		12,596			375,431		—			388,668
Receivable from affiliates	4,897		802			9,467		(4,947		)	10,219
Inventories	—		(120		)	85,580		—			85,460
Other current assets	9,228		742			15,475		—			25,445
Total current assets	202,753		14,020			554,598		(5,768		)	765,603
Property, plant and equipment, net	4,915		532,702			1,111,345		—			1,648,962
Equity method investments	1,502,156		510,115			427,961		(1,993,294		)	446,938
Goodwill	—		—			34,698		—			34,698
Other intangible assets, net	18		140,083			16,516		—			156,617
Other noncurrent assets	38,780		778			4,598		—			44,156
Total assets	$	1,748,622	$	1,197,698		$	2,149,716	$	(1,999,062	)	$	3,096,974
LIABILITIES AND OWNERS’ EQUITY
Current liabilities:
Accounts payable	$	533	$	11,346		$	326,841	$	—		$	338,720
Payable to affiliates	53		21			13,903		(4,947		)	9,030
Accrued liabilities	9,392		11,511			63,796		4			84,703
Other current liabilities	364		—			11,146		—			11,510
Total current liabilities	10,342		22,878			415,686		(4,943		)	443,963
Long-term debt, net	295,875		6,640			790,988		(23,140		)	1,070,363
Deferred income taxes	135,985		—			47,791		—			183,776
Other noncurrent liabilities	2,175		—			21,369		—			23,544
Commitments and contingencies
Owners’ equity excluding noncontrolling interests in consolidated subsidiaries	1,304,245		1,168,180			802,799		(1,970,979		)	1,304,245
Noncontrolling interests in consolidated subsidiaries	—		—			71,083		—			71,083
Total owners’ equity	1,304,245		1,168,180			873,882		(1,970,979		)	1,375,328
Total liabilities and owners’ equity	$	1,748,622	$	1,197,698		$	2,149,716	$	(1,999,062	)	$	3,096,974

	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 June 30, 2016
	Parent			Guarantors			Non-guarantors			Consolidating Adjustments			Consolidated
Revenues:
Product	$	—		$	39,849		$	172,798		$	(2,521	)	$	210,126
Service	—			10,872			51,328			—			62,200
Other	—			—			15,051			—			15,051
Total revenues	—			50,721			239,177			(2,521		)	287,377
Expenses:
Costs of products sold, exclusive of depreciation and amortization shown below	—			27,171			152,192			(2,521		)	176,842
Operating	—			9,192			45,515			—			54,707
General and administrative	4,782			2,379			13,614			—			20,775
Depreciation and amortization	393			9,146			15,509			—			25,048
Loss (gain) on disposal or impairment of long-lived assets, net	—			(1		)	1,686			—			1,685
Total expenses	5,175			47,887			228,516			(2,521		)	279,057
Earnings from equity method investments	6,557			9,034			17,077			(15,590		)	17,078
Operating income	1,382			11,868			27,738			(15,590		)	25,398
Other expenses (income), net:
Interest expense (income)	(936		)	8,333			11,714			(236		)	18,875
Foreign currency transaction loss	—			—			1,543			—			1,543
Gain on sale of equity method investment	(9,120		)	—			—			—			(9,120		)
Other income, net	(249		)	—			(478		)	236			(491		)
Total other expense (income), net	(10,305		)	8,333			12,779			—			10,807
Income from continuing operations before income taxes	11,687			3,535			14,959			(15,590		)	14,591
Income tax expense	3,679			—			979			—			4,658
Income from continuing operations	8,008			3,535			13,980			(15,590		)	9,933
Loss from discontinued operations, net of income taxes	—			(1		)	(1		)	—			(2		)
Net income	8,008			3,534			13,979			(15,590		)	9,931
Less: net income attributable to noncontrolling interests	—			—			1,922			—			1,922
Net income attributable to SemGroup	$	8,008		$	3,534		$	12,057		$	(15,590	)	$	8,009
Net income	$	8,008		$	3,534		$	13,979		$	(15,590	)	$	9,931
Other comprehensive income (loss), net of income taxes	18,480			485			(12,374		)	—			6,591
Comprehensive income	26,488			4,019			1,605			(15,590		)	16,522
Less: comprehensive income attributable to noncontrolling interests	—			—			1,922			—			1,922
Comprehensive income (loss) attributable to SemGroup	$	26,488		$	4,019		$	(317	)	$	(15,590	)	$	14,600

	Three Months Ended June 30, 2015
	Parent			Guarantors			Non-guarantors			Consolidating Adjustments			Consolidated
Revenues:
Product	$	—		$	50,293		$	244,886		$	(6,443	)	$	288,736
Service	—			15,743			50,861			—			66,604
Other	—			—			21,886			—			21,886
Total revenues	—			66,036			317,633			(6,443		)	377,226
Expenses:
Costs of products sold, exclusive of depreciation and amortization shown below	—			35,632			214,969			(6,443		)	244,158
Operating	—			8,822			51,978			—			60,800
General and administrative	4,626			2,642			15,649			—			22,917
Depreciation and amortization	329			7,255			17,090			—			24,674
Loss on disposal or impairment of long-lived assets, net	—			108			1,264			—			1,372
Total expenses	4,955			54,459			300,950			(6,443		)	353,921
Earnings from equity method investments	28,583			15,048			17,683			(37,411		)	23,903
Gain on issuance of common units by equity method investee	5,897			—			—			—			5,897
Operating income	29,525			26,625			34,366			(37,411		)	53,105
Other expenses (income), net:
Interest expense	781			6,160			10,614			(733		)	16,822
Foreign currency transaction gain	(5		)	—			(290		)	—			(295		)
Gain on sale of equity method investment	(6,623		)	—			—			—			(6,623		)
Other income, net	(778		)	—			(50		)	733			(95		)
Total other expense (income), net	(6,625		)	6,160			10,274			—			9,809
Income from continuing operations before income taxes	36,150			20,465			24,092			(37,411		)	43,296
Income tax expense	12,853			—			2,008			—			14,861
Income from continuing operations	23,297			20,465			22,084			(37,411		)	28,435
Loss from discontinued operations, net of income taxes	—			(1		)	(1		)	—			(2		)
Net income	23,297			20,464			22,083			(37,411		)	28,433
Less: net income attributable to noncontrolling interests	—			—			5,136			—			5,136
Net income attributable to SemGroup	$	23,297		$	20,464		$	16,947		$	(37,411	)	$	23,297
Net income	$	23,297		$	20,464		$	22,083		$	(37,411	)	$	28,433
Other comprehensive income (loss), net of income taxes	(2,346		)	—			7,866			—			5,520
Comprehensive income	20,951			20,464			29,949			(37,411		)	33,953
Less: comprehensive income attributable to noncontrolling interests	—			—			5,136			—			5,136
Comprehensive income attributable to SemGroup	$	20,951		$	20,464		$	24,813		$	(37,411	)	$	28,817

	Six Months Ended June 30, 2016
	Parent			Guarantors			Non-guarantors			Consolidating Adjustments			Consolidated
Revenues:
Product	$	—		$	73,247		$	379,042		$	(5,267	)	$	447,022
Service	—			23,740			102,533			—			126,273
Other	—			—			28,933			—			28,933
Total revenues	—			96,987			510,508			(5,267		)	602,228
Expenses:
Costs of products sold, exclusive of depreciation and amortization shown below	—			51,780			327,276			(5,267		)	373,789
Operating	—			16,885			88,014			—			104,899
General and administrative	10,654			4,625			26,556			—			41,835
Depreciation and amortization	773			18,020			30,302			—			49,095
Loss on disposal of long-lived assets, net	—			13,051			1,941			—			14,992
Total expenses	11,427			104,361			474,089			(5,267		)	584,610
Earnings from equity method investments	13,147			28,214			37,917			(39,129		)	40,149
Loss on issuance of common units by equity method investee	(41		)	—			—			—			(41		)
Operating income	1,679			20,840			74,336			(39,129		)	57,726
Other expenses (income), net:
Interest expense (income)	(1,513		)	16,336			23,460			(473		)	37,810
Foreign currency transaction loss	—			—			3,012			—			3,012
Loss on sale or impairment of equity method investment	30,644			—			—			—			30,644
Other income, net	(487		)	—			(664		)	473			(678		)
Total other expenses, net	28,644			16,336			25,808			—			70,788
Income (loss) from continuing operations before income taxes	(26,965		)	4,504			48,528			(39,129		)	(13,062		)
Income tax expense (benefit)	(19,706		)	—			2,957			—			(16,749		)
Income (loss) from continuing operations	(7,259		)	4,504			45,571			(39,129		)	3,687
Loss from discontinued operations, net of income taxes	—			(3		)	(1		)	—			(4		)
Net income (loss)	(7,259		)	4,501			45,570			(39,129		)	3,683
Less: net income attributable to noncontrolling interests	—			—			10,942			—			10,942
Net income (loss) attributable to SemGroup	$	(7,259	)	$	4,501		$	34,628		$	(39,129	)	$	(7,259	)
Net income (loss)	$	(7,259	)	$	4,501		$	45,570		$	(39,129	)	$	3,683
Other comprehensive income (loss), net of income taxes	(1,986		)	701			3,767			—			2,482
Comprehensive income (loss)	(9,245		)	5,202			49,337			(39,129		)	6,165
Less: comprehensive income attributable to noncontrolling interests	—			—			10,942			—			10,942
Comprehensive income (loss) attributable to SemGroup	$	(9,245	)	$	5,202		$	38,395		$	(39,129	)	$	(4,777	)

	Six Months Ended June 30, 2015
	Parent			Guarantors			Non-guarantors			Consolidating Adjustments			Consolidated
Revenues:
Product	$	—		$	101,346		$	419,938		$	(12,417	)	$	508,867
Service	—			30,202			98,279			—			128,481
Other	—			—			38,188			—			38,188
Total revenues	—			131,548			556,405			(12,417		)	675,536
Expenses:
Costs of products sold, exclusive of depreciation and amortization shown below	—			76,300			372,347			(12,417		)	436,230
Operating	—			16,936			96,954			—			113,890
General and administrative	22,228			4,706			28,293			—			55,227
Depreciation and amortization	623			14,288			33,497			—			48,408
Loss on disposal of long-lived assets, net	—			107			2,323			—			2,430
Total expenses	22,851			112,337			533,414			(12,417		)	656,185
Earnings from equity method investments	43,388			27,576			38,547			(65,049		)	44,462
Gain on issuance of common units by equity method investee	5,897			—			—			—			5,897
Operating income	26,434			46,787			61,538			(65,049		)	69,710
Other expenses (income), net:
Interest expense	2,203			11,651			19,058			(1,499		)	31,413
Foreign currency transaction gain	(5		)	—			(809		)	—			(814		)
Gain on sale of equity method investment	(14,517		)	—			—			—			(14,517		)
Other income, net	(1,570		)	—			(115		)	1,499			(186		)
Total other expenses (income), net	(13,889		)	11,651			18,134			—			15,896
Income from continuing operations before income taxes	40,323			35,136			43,404			(65,049		)	53,814
Income tax expense	15,560			—			4,043			—			19,603
Income from continuing operations	24,763			35,136			39,361			(65,049		)	34,211
Loss from discontinued operations, net of income taxes	—			(1		)	(1		)	—			(2		)
Net income	24,763			35,135			39,360			(65,049		)	34,209
Less: net income attributable to noncontrolling interests	—			—			9,446			—			9,446
Net income attributable to SemGroup	$	24,763		$	35,135		$	29,914		$	(65,049	)	$	24,763
Net income	24,763			35,135			39,360			(65,049		)	34,209
Other comprehensive income (loss), net of income taxes	6,300			—			(9,840		)	—			(3,540		)
Comprehensive income	31,063			35,135			29,520			(65,049		)	30,669
Less: comprehensive income attributable to noncontrolling interests	—			—			9,446			—			9,446
Comprehensive income attributable to SemGroup	$	31,063		$	35,135		$	20,074		$	(65,049	)	$	21,223

Schedule of Condensed Cash Flow Statement [Table Text Block]

Condensed Consolidating Guarantor Statements of Cash Flows

	Six Months Ended June 30, 2016
	Parent			Guarantors			Non-guarantors			Consolidating Adjustments			Consolidated
Net cash provided by operating activities	$	25,427		$	17,351		$	56,585		$	(25,448	)	$	73,915
Cash flows from investing activities:
Capital expenditures	(1,350		)	(11,211		)	(114,151		)	—			(126,712		)
Proceeds from sale of long-lived assets	—			—			114			—			114
Contributions to equity method investments	—			—			(3,448		)	—			(3,448		)
Proceeds from sale of common units of equity method investee	60,483			—			—			—			60,483
Distributions in excess of equity in earnings of affiliates	13,767			—			13,778			(13,767		)	13,778
Net cash provided by (used in) investing activities	72,900			(11,211		)	(103,707		)	(13,767		)	(55,785		)
Cash flows from financing activities:
Borrowings on credit facilities	118,000			—			165,500			—			283,500
Principal payments on credit facilities and other obligations	(148,367		)	—			(124,514		)	—			(272,881		)
Proceeds from issuance of common units, net of offering costs	228,546			—			—			—			228,546
Distributions to noncontrolling interests	—			—			(21,485		)	—			(21,485		)
Repurchase of common stock for payment of statutory taxes due on equity-based compensation	(904		)	—			—			—			(904		)
Dividends paid	(39,720		)	—			—			—			(39,720		)
Proceeds from issuance of common stock under employee stock purchase plan	555			—			—			—			555
Intercompany borrowings (advances), net	(73,009		)	(6,140		)	39,191			39,958			—
Net cash provided by (used in) financing activities	85,101			(6,140		)	58,692			39,958			177,611
Effect of exchange rate changes on cash and cash equivalents	—			—			1,943			—			1,943
Change in cash and cash equivalents	183,428			—			13,513			743			197,684
Cash and cash equivalents at beginning of period	4,559			—			55,101			(1,564		)	58,096
Cash and cash equivalents at end of period	$	187,987		$	—		$	68,614		$	(821	)	$	255,780

	Six Months Ended June 30, 2015
	Parent			Guarantors			Non-guarantors			Consolidating Adjustments			Consolidated
Net cash provided by operating activities	$	19,092		$	18,222		$	55,462		$	(19,819	)	$	72,957
Cash flows from investing activities:
Capital expenditures	(1,105		)	(73,195		)	(162,656		)	—			(236,956		)
Proceeds from sale of long-lived assets	—			20			210			—			230
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	—			—			(23,461		)	—			(23,461		)
Proceeds from sale of common units of equity method investee	56,318			—			—			—			56,318
Distributions in excess of equity in earnings of affiliates	11,676			—			13,077			(11,676		)	13,077
Net cash provided by (used in) investing activities	318,070			(73,175		)	(172,830		)	(262,857		)	(190,792		)
Cash flows from financing activities:
Debt issuance costs	(601		)	—			(5,688		)	—			(6,289		)
Borrowings on credit facilities and issuance of senior secured notes, net of discount	126,000			—			676,208			—			802,208
Principal payments on credit facilities and other obligations	(161,000		)	—			(364,024		)	—			(525,024		)
Proceeds from issuance of Rose Rock Midstream, L.P. common units, net of offering costs	—			—			89,119			—			89,119
Distributions to noncontrolling interests	—			—			(19,261		)	—			(19,261		)
Repurchase of common stock for payment of statutory taxes due on equity-based compensation	(4,254		)	—			—			—			(4,254		)
Dividends paid	(31,478		)	—			—			—			(31,478		)
Proceeds from issuance of common stock under employee stock purchase plan	609			—			—			—			609
Intercompany borrowing (advances), net	(157,632		)	54,953			(181,841		)	284,520			—
Net cash provided by (used in) financing activities	(228,356		)	54,953			194,513			284,520			305,630
Effect of exchange rate changes on cash and cash equivalents	—			—			390			—			390
Change in cash and cash equivalents	108,806			—			77,535			1,844			188,185
Cash and cash equivalents at beginning of period	9,254			—			35,445			(4,101		)	40,598
Cash and cash equivalents at end of period	$	118,060		$	—		$	112,980		$	(2,257	)	$	228,783