Condensed Consolidating Guarantor Financial Statements (Tables)

9 Months Ended

Sep. 30, 2016

Condensed Consolidating Guarantor Financial Statements [Abstract]

Schedule of Condensed Balance Sheet [Table Text Block]

Condensed Consolidating Guarantor Balance Sheets

	September 30, 2016
	Parent		Guarantors		Non-guarantors		Consolidating Adjustments			Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	98,435	$	—	$	67,345	$	(2,032	)	$	163,748
Accounts receivable, net	691		277,944		56,621		—			335,256
Receivable from affiliates	1,947		4,361		2,968		(4,734		)	4,542
Inventories	—		76,935		6,538		—			83,473
Other current assets	8,944		13,668		2,853		—			25,465
Total current assets	110,017		372,908		136,325		(6,766		)	612,484
Property, plant and equipment, net	5,066		969,311		721,633		—			1,696,010
Equity method investments	2,368,606		853,042		—		(2,783,454		)	438,194
Goodwill	—		26,628		7,847		—			34,475
Other intangible assets, net	16		152,189		1,591		—			153,796
Other noncurrent assets	48,408		1,883		1,282		—			51,573
Total assets	$	2,532,113	$	2,375,961	$	868,678	$	(2,790,220	)	$	2,986,532
LIABILITIES AND OWNERS’ EQUITY
Current liabilities:
Accounts payable	$	215	$	270,095	$	23,857	$	—		$	294,167
Payable to affiliates	199		10,326		—		(4,734		)	5,791
Accrued liabilities	29,566		23,758		45,018		5			98,347
Other current liabilities	783		9,600		7,079		—			17,462
Total current liabilities	30,763		313,779		75,954		(4,729		)	415,767
Long-term debt, net	1,030,108		6,463		16,500		(22,931		)	1,030,140
Deferred income taxes	1,670		—		47,691		—			49,361
Other noncurrent liabilities	2,240		—		21,692		—			23,932
Commitments and contingencies
Owners’ equity excluding noncontrolling interests in consolidated subsidiaries	1,467,332		2,055,719		706,841		(2,762,560		)	1,467,332
Total owners’ equity	1,467,332		2,055,719		706,841		(2,762,560		)	1,467,332
Total liabilities and owners’ equity	$	2,532,113	$	2,375,961	$	868,678	$	(2,790,220	)	$	2,986,532

	December 31, 2015
	Parent		Guarantors		Non-guarantors		Consolidating Adjustments			Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	4,559	$	9,058	$	46,043	$	(1,564	)	$	58,096
Restricted cash	—		—		32		—			32
Accounts receivable, net	640		260,621		65,452		—			326,713
Receivable from affiliates	1,616		7,063		5,430		(8,195		)	5,914
Inventories	—		59,073		11,166		—			70,239
Other current assets	8,477		5,243		5,667		—			19,387
Total current assets	15,292		341,058		133,790		(9,759		)	480,381
Property, plant and equipment, net	4,335		978,224		584,262		—			1,566,821
Equity method investments	1,546,853		770,742		—		(1,766,517		)	551,078
Goodwill	—		39,680		8,352		—			48,032
Other intangible assets, net	20		159,750		2,453		—			162,223
Other noncurrent assets	39,358		4,775		1,241		—			45,374
Total assets	$	1,605,858	$	2,294,229	$	730,098	$	(1,776,276	)	$	2,853,909
LIABILITIES AND OWNERS’ EQUITY
Current liabilities:
Accounts payable	$	734	$	254,785	$	18,147	$	—		$	273,666
Payable to affiliates	78		13,151		—		(8,196		)	5,033
Accrued liabilities	5,551		33,199		46,293		4			85,047
Other current liabilities	569		4,246		8,466		—			13,281
Total current liabilities	6,932		305,381		72,906		(8,192		)	377,027
Long-term debt, net	325,460		739,696		16,500		(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		1,168,323		575,921		(1,744,244		)	1,115,527
Noncontrolling interests in consolidated subsidiaries	—		80,829		—		—			80,829
Total owners’ equity	1,115,527		1,249,152		575,921		(1,744,244		)	1,196,356
Total liabilities and owners’ equity	$	1,605,858	$	2,294,229	$	730,098	$	(1,776,276	)	$	2,853,909

Schedule of Condensed Income Statement [Table Text Block]

Condensed Consolidating Guarantor Statements of Operations

	Three Months Ended September 30, 2016
	Parent			Guarantors			Non-guarantors			Consolidating Adjustments			Consolidated
Revenues:
Product	$	—		$	209,835		$	36,085		$	—		$	245,920
Service	—			39,398			26,676			—			66,074
Other	—			—			15,770			—			15,770
Total revenues	—			249,233			78,531			—			327,764
Expenses:
Costs of products sold, exclusive of depreciation and amortization shown below	—			188,329			30,174			—			218,503
Operating	—			29,212			23,424			—			52,636
General and administrative	4,577			9,558			6,448			—			20,583
Depreciation and amortization	439			17,375			7,098			—			24,912
Loss on disposal or impairment of long-lived assets, net	—			1,018			—			—			1,018
Total expenses	5,016			245,492			67,144			—			317,652
Earnings from equity method investments	6,027			19,658			—			(9,840		)	15,845
Operating income	1,011			23,399			11,387			(9,840		)	25,957
Other expenses (income), net:
Interest expense (income)	(1,231		)	23,060			(558		)	(239		)	21,032
Foreign currency transaction loss (gain)	—			(18		)	677			—			659
Other expense (income), net	(372		)	63			(422		)	239			(492		)
Total other expense (income), net	(1,603		)	23,105			(303		)	—			21,199
Income (loss) from continuing operations before income taxes	2,614			294			11,690			(9,840		)	4,758
Income tax expense	9,979			—			1,919			—			11,898
Net income (loss)	(7,365		)	294			9,771			(9,840		)	(7,140		)
Less: net income attributable to noncontrolling interests	—			225			—			—			225
Net income (loss) attributable to SemGroup	$	(7,365	)	$	69		$	9,771		$	(9,840	)	$	(7,365	)
Net income (loss)	$	(7,365	)	$	294		$	9,771		$	(9,840	)	$	(7,140	)
Other comprehensive income (loss), net of income taxes	3,711			208			(10,970		)	—			(7,051		)
Comprehensive income (loss)	(3,654		)	502			(1,199		)	(9,840		)	(14,191		)
Less: comprehensive income attributable to noncontrolling interests	—			225			—			—			225
Comprehensive income (loss) attributable to SemGroup	$	(3,654	)	$	277		$	(1,199	)	$	(9,840	)	$	(14,416	)

	Three Months Ended September 30, 2015
	Parent			Guarantors			Non-guarantors			Consolidating Adjustments			Consolidated
Revenues:
Product	$	—		$	256,848		$	56,503		$	—		$	313,351
Service	—			47,383			16,708			—			64,091
Other	—			—			19,623			—			19,623
Total revenues	—			304,231			92,834			—			397,065
Expenses:
Costs of products sold, exclusive of depreciation and amortization shown below	—			230,464			44,175			—			274,639
Operating	—			27,561			25,706			—			53,267
General and administrative	4,730			6,715			11,600			—			23,045
Depreciation and amortization	423			19,096			6,503			—			26,022
Loss (gain) on disposal or impairment of long-lived assets, net	—			62			(1,013		)	—			(951		)
Total expenses	5,153			283,898			86,971			—			376,022
Earnings from equity method investments	15,416			8,603			—			(7,782		)	16,237
Gain on issuance of common units by equity method investee	136			—			—			—			136
Operating income	10,399			28,936			5,863			(7,782		)	37,416
Other expenses (income), net:
Interest expense (income)	185			19,706			(493		)	(228		)	19,170
Foreign currency transaction gain	—			—			(385		)	—			(385		)
Other income, net	(246		)	(9		)	(929		)	228			(956		)
Total other expense (income), net	(61		)	19,697			(1,807		)	—			17,829
Income from continuing operations before income taxes	10,460			9,239			7,670			(7,782		)	19,587
Income tax expense	5,587			—			4,419			—			10,006
Income from continuing operations	4,873			9,239			3,251			(7,782		)	9,581
Loss from discontinued operations, net of income taxes	—			—			(1		)	—			(1		)
Net income	4,873			9,239			3,250			(7,782		)	9,580
Less: net income attributable to noncontrolling interests	—			4,707			—			—			4,707
Net income attributable to SemGroup	$	4,873		$	4,532		$	3,250		$	(7,782	)	$	4,873
Net income	$	4,873		$	9,239		$	3,250		$	(7,782	)	$	9,580
Other comprehensive income (loss), net of income taxes	7,055			251			(27,516		)	—			(20,210		)
Comprehensive income (loss)	11,928			9,490			(24,266		)	(7,782		)	(10,630		)
Less: comprehensive income attributable to noncontrolling interests	—			4,707			—			—			4,707
Comprehensive income (loss) attributable to SemGroup	$	11,928		$	4,783		$	(24,266	)	$	(7,782	)	$	(15,337	)

	Nine Months Ended September 30, 2016
	Parent			Guarantors			Non-guarantors			Consolidating Adjustments			Consolidated
Revenues:
Product	$	—		$	597,638		$	95,304		$	—		$	692,942
Service	—			116,410			75,937			—			192,347
Other	—			—			44,703			—			44,703
Total revenues	—			714,048			215,944			—			929,992
Expenses:
Costs of products sold, exclusive of depreciation and amortization shown below	—			514,996			77,296			—			592,292
Operating	—			87,232			70,305			—			157,537
General and administrative	15,230			24,512			22,677			—			62,419
Depreciation and amortization	1,212			51,522			21,273			—			74,007
Loss (gain) on disposal of long-lived assets, net	—			16,077			(67		)	—			16,010
Total expenses	16,442			694,339			191,484			—			902,265
Earnings from equity method investments	19,173			60,341			—			(23,520		)	55,994
Loss on issuance of common units by equity method investee	(41		)	—			—			—			(41		)
Operating income	2,690			80,050			24,460			(23,520		)	83,680
Other expenses (income), net:
Interest expense (income)	(2,744		)	64,267			(1,969		)	(712		)	58,842
Foreign currency transaction loss (gain)	—			(18		)	3,689			—			3,671
Loss on sale or impairment of equity method investment	30,644			—			—			—			30,644
Other expense (income), net	(859		)	63			(1,086		)	712			(1,170		)
Total other expenses, net	27,041			64,312			634			—			91,987
Income (loss) from continuing operations before income taxes	(24,351		)	15,738			23,826			(23,520		)	(8,307		)
Income tax expense (benefit)	(9,727		)	—			4,876			—			(4,851		)
Income (loss) from continuing operations	(14,624		)	15,738			18,950			(23,520		)	(3,456		)
Loss from discontinued operations, net of income taxes	—			—			(1		)	—			(1		)
Net income (loss)	(14,624		)	15,738			18,949			(23,520		)	(3,457		)
Less: net income attributable to noncontrolling interests	—			11,167			—			—			11,167
Net income (loss) attributable to SemGroup	$	(14,624	)	$	4,571		$	18,949		$	(23,520	)	$	(14,624	)
Net income (loss)	$	(14,624	)	$	15,738		$	18,949		$	(23,520	)	$	(3,457	)
Other comprehensive income (loss), net of income taxes	1,725			909			(7,203		)	—			(4,569		)
Comprehensive income (loss)	(12,899		)	16,647			11,746			(23,520		)	(8,026		)
Less: comprehensive income attributable to noncontrolling interests	—			11,167			—			—			11,167
Comprehensive income (loss) attributable to SemGroup	$	(12,899	)	$	5,480		$	11,746		$	(23,520	)	$	(19,193	)

	Nine Months September 30, 2015
	Parent			Guarantors			Non-guarantors			Consolidating Adjustments			Consolidated
Revenues:
Product	$	—		$	645,869		$	176,349		$	—		$	822,218
Service	—			142,772			49,800			—			192,572
Other	—			—			57,811			—			57,811
Total revenues	—			788,641			283,960			—			1,072,601
Expenses:
Costs of products sold, exclusive of depreciation and amortization shown below	—			571,000			139,869			—			710,869
Operating	—			88,974			78,183			—			167,157
General and administrative	26,958			23,371			27,943			—			78,272
Depreciation and amortization	1,046			54,135			19,249			—			74,430
Loss on disposal of long-lived assets, net	—			299			1,180			—			1,479
Total expenses	28,004			737,779			266,424			—			1,032,207
Earnings from equity method investments	58,804			58,592			—			(56,697		)	60,699
Gain on issuance of common units by equity method investee	6,033			—			—			—			6,033
Operating income	36,833			109,454			17,536			(56,697		)	107,126
Other expenses (income), net:
Interest expense	2,388			49,560			362			(1,727		)	50,583
Foreign currency transaction gain	(5		)	—			(1,194		)	—			(1,199		)
Gain on sale of equity method investment	(14,517		)	—			—			—			(14,517		)
Other income, net	(1,816		)	(14		)	(1,039		)	1,727			(1,142		)
Total other expenses (income), net	(13,950		)	49,546			(1,871		)	—			33,725
Income from continuing operations before income taxes	50,783			59,908			19,407			(56,697		)	73,401
Income tax expense	21,147			—			8,462			—			29,609
Income from continuing operations	29,636			59,908			10,945			(56,697		)	43,792
Loss from discontinued operations, net of income taxes	—			(1		)	(2		)	—			(3		)
Net income	29,636			59,907			10,943			(56,697		)	43,789
Less: net income attributable to noncontrolling interests	—			14,153			—			—			14,153
Net income attributable to SemGroup	$	29,636		$	45,754		$	10,943		$	(56,697	)	$	29,636
Net income	29,636			59,907			10,943			(56,697		)	43,789
Other comprehensive income (loss), net of income taxes	13,355			251			(37,356		)	—			(23,750		)
Comprehensive income (loss)	42,991			60,158			(26,413		)	(56,697		)	20,039
Less: comprehensive income attributable to noncontrolling interests	—			14,153			—			—			14,153
Comprehensive income (loss) attributable to SemGroup	$	42,991		$	46,005		$	(26,413	)	$	(56,697	)	$	5,886

Schedule of Condensed Cash Flow Statement [Table Text Block]

Condensed Consolidating Guarantor Statements of Cash Flows

	Nine Months Ended September 30, 2016
	Parent			Guarantors			Non-guarantors			Consolidating Adjustments			Consolidated
Net cash provided by operating activities	$	49,621		$	52,620		$	58,883		$	(25,757	)	$	135,367
Cash flows from investing activities:
Capital expenditures	(1,939		)	(40,610		)	(156,490		)	—			(199,039		)
Proceeds from sale of long-lived assets	—			—			98			—			98
Contributions to equity method investments	—			(3,756		)	—			—			(3,756		)
Proceeds from sale of common units of equity method investee	60,483			—			—			—			60,483
Distributions in excess of equity in earnings of affiliates	33,065			22,792			—			(33,065		)	22,792
Net cash provided by (used in) investing activities	91,609			(21,574		)	(156,392		)	(33,065		)	(119,422		)
Cash flows from financing activities:
Debt issuance costs	(7,459		)	—			—			—			(7,459		)
Borrowings on credit facilities	118,000			244,500			—			—			362,500
Principal payments on credit facilities and other obligations	(149,469		)	(244,525		)	—			—			(393,994		)
Proceeds from issuance of common shares, net of offering costs	223,739			—			—			—			223,739
Distributions to noncontrolling interests	—			(32,133		)	—			—			(32,133		)
Repurchase of common stock for payment of statutory taxes due on equity-based compensation	(945		)	—			—			—			(945		)
Dividends paid	(63,338		)	—			—			—			(63,338		)
Proceeds from issuance of common stock under employee stock purchase plan	774			—			—			—			774
Intercompany borrowings (advances), net	(168,656		)	(7,964		)	118,266			58,354			—
Net cash provided by (used in) financing activities	(47,354		)	(40,122		)	118,266			58,354			89,144
Effect of exchange rate changes on cash and cash equivalents	—			18			545			—			563
Change in cash and cash equivalents	93,876			(9,058		)	21,302			(468		)	105,652
Cash and cash equivalents at beginning of period	4,559			9,058			46,043			(1,564		)	58,096
Cash and cash equivalents at end of period	$	98,435		$	—		$	67,345		$	(2,032	)	$	163,748

	Nine Months Ended September 30, 2015
	Parent			Guarantors			Non-guarantors			Consolidating Adjustments			Consolidated
Net cash provided by operating activities	$	38,781		$	81,479		$	50,732		$	(33,943	)	$	137,049
Cash flows from investing activities:
Capital expenditures	(1,658		)	(153,333		)	(197,825		)	—			(352,816		)
Proceeds from sale of long-lived assets	—			205			2,332			—			2,537
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	—			(34,059		)	—			—			(34,059		)
Proceeds from sale of common units of equity method investee	56,318			—			—			—			56,318
Distributions in excess of equity in earnings of affiliates	18,981			19,564			—			(18,981		)	19,564
Net cash provided by (used in) investing activities	324,822			(167,623		)	(195,493		)	(270,162		)	(308,456		)
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		)	(364,037		)	—			—			(525,037		)
Proceeds from issuance of Rose Rock Midstream, L.P. common units, net of offering costs	—			89,119			—			—			89,119
Distributions to noncontrolling interests	—			(29,780		)	—			—			(29,780		)
Repurchase of common stock for payment of statutory taxes due on equity-based compensation	(4,259		)	—			—			—			(4,259		)
Dividends paid	(49,836		)	—			—			—			(49,836		)
Proceeds from issuance of common stock under employee stock purchase plan	909			—			—			—			909
Intercompany borrowing (advances), net	(243,120		)	(239,292		)	177,791			304,621			—
Net cash provided by (used in) financing activities	(331,907		)	126,530			177,791			304,621			277,035
Effect of exchange rate changes on cash and cash equivalents	—			—			(233		)	—			(233		)
Change in cash and cash equivalents	31,696			40,386			32,797			516			105,395
Cash and cash equivalents at beginning of period	9,254			3,624			31,821			(4,101		)	40,598
Cash and cash equivalents at end of period	$	40,950		$	44,010		$	64,618		$	(3,585	)	$	145,993