Condensed Consolidating Guarantor Financial Statements (Tables)

6 Months Ended

Jun. 30, 2017

Condensed Consolidating Guarantor Financial Statements [Abstract]

Schedule of Condensed Balance Sheet [Table Text Block]

Condensed Consolidating Guarantor Balance Sheets

	June 30, 2017
	Parent		Guarantors		Non-guarantors		Consolidating Adjustments			Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	9,218	$	—	$	49,706	$	(2,389	)	$	56,535
Accounts receivable, net	—		308,737		72,616		(8		)	381,345
Receivable from affiliates	872		7,578		200		—			8,650
Inventories	—		70,050		10,396		—			80,446
Other current assets	6,112		5,497		4,533		8			16,150
Total current assets	16,202		391,862		137,451		(2,389		)	543,126
Property, plant and equipment, net	7,580		971,828		969,379		—			1,948,787
Equity method investments	2,598,141		1,047,744		—		(3,215,371		)	430,514
Goodwill	—		26,628		8,174		—			34,802
Other intangible assets, net	13		144,503		1,123		—			145,639
Other noncurrent assets	44,599		1,934		16,817		—			63,350
Total assets	$	2,666,535	$	2,584,499	$	1,132,944	$	(3,217,760	)	$	3,166,218
LIABILITIES AND OWNERS’ EQUITY
Current liabilities:
Accounts payable	$	884	$	292,924	$	33,002	$	—		$	326,810
Payable to affiliates	—		3,508		—		—			3,508
Accrued liabilities	31,977		30,162		51,641		3			113,783
Other current liabilities	1,485		4,284		5,604		—			11,373
Total current liabilities	34,346		330,878		90,247		3			455,474
Long-term debt, net	1,215,233		6,458		16,500		(22,947		)	1,215,244
Deferred income taxes	9,615		—		53,708		—			63,323
Other noncurrent liabilities	1,942		—		24,836		—			26,778
Commitments and contingencies
Total owners’ equity	1,405,399		2,247,163		947,653		(3,194,816		)	1,405,399
Total liabilities and owners’ equity	$	2,666,535	$	2,584,499	$	1,132,944	$	(3,217,760	)	$	3,166,218

	December 31, 2016
	Parent		Guarantors		Non-guarantors		Consolidating Adjustments			Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	19,002	$	—	$	59,796	$	(4,582	)	$	74,216
Accounts receivable, net	—		361,160		57,179		—			418,339
Receivable from affiliates	27		25,244		184		—			25,455
Inventories	—		89,638		9,596		—			99,234
Other current assets	8,986		5,760		3,887		(3		)	18,630
Total current assets	28,015		481,802		130,642		(4,585		)	635,874
Property, plant and equipment, net	5,621		970,079		786,372		—			1,762,072
Equity method investments	2,454,118		940,696		—		(2,960,525		)	434,289
Goodwill	—		26,628		7,602		—			34,230
Other intangible assets, net	15		149,669		1,294		—			150,978
Other noncurrent assets	54,155		2,080		1,294		—			57,529
Total assets	$	2,541,924	$	2,570,954	$	927,204	$	(2,965,110	)	$	3,074,972
LIABILITIES AND OWNERS’ EQUITY
Current liabilities:
Accounts payable	$	674	$	348,297	$	18,336	$	—		$	367,307
Payable to affiliates	—		26,508		—		—			26,508
Accrued liabilities	25,078		23,423		32,603		—			81,104
Other current liabilities	889		5,108		7,439		—			13,436
Total current liabilities	26,641		403,336		58,378		—			488,355
Long-term debt, net	1,050,893		6,142		16,500		(22,617		)	1,050,918
Deferred income taxes	16,119		—		48,382		—			64,501
Other noncurrent liabilities	2,306		—		22,927		—			25,233
Commitments and contingencies
Total owners’ equity	1,445,965		2,161,476		781,017		(2,942,493		)	1,445,965
Total liabilities and owners’ equity	$	2,541,924	$	2,570,954	$	927,204	$	(2,965,110	)	$	3,074,972

Schedule of Condensed Income Statement [Table Text Block]

Condensed Consolidating Guarantor Statements of Operations

	Three Months Ended June 30, 2017
	Parent			Guarantors			Non-guarantors			Consolidating Adjustments			Consolidated
Revenues:
Product	$	—		$	333,371		$	34,635		$	—		$	368,006
Service	—			37,549			50,938			—			88,487
Other	—			—			16,596			—			16,596
Total revenues	—			370,920			102,169			—			473,089
Expenses:
Costs of products sold, exclusive of depreciation and amortization shown below	—			310,506			29,601			—			340,107
Operating	—			28,014			45,332			—			73,346
General and administrative	10,613			8,443			7,696			—			26,752
Depreciation and amortization	530			17,667			7,405			—			25,602
Gain on disposal or impairment, net	—			(18		)	(216		)	—			(234		)
Total expenses	11,143			364,612			89,818			—			465,573
Earnings from equity method investments	25,104			19,069			—			(26,420		)	17,753
Operating income	13,961			25,377			12,351			(26,420		)	25,269
Other expenses (income), net:
Interest expense (income)	4,725			9,598			(639		)	(207		)	13,477
Loss on early extinguishment of debt	8			—			—			—			8
Foreign currency transaction gain	—			—			(1,011		)	—			(1,011		)
Other income, net	(247		)	(3		)	(398		)	207			(441		)
Total other expense (income), net	4,486			9,595			(2,048		)	—			12,033
Income from continuing operations before income taxes	9,475			15,782			14,399			(26,420		)	13,236
Income tax expense (benefit)	(136		)	—			3,761			—			3,625
Net income	$	9,611		$	15,782		$	10,638		$	(26,420	)	$	9,611
Net income	$	9,611		$	15,782		$	10,638		$	(26,420	)	$	9,611
Other comprehensive income (loss), net of income taxes	(5,369		)	(256		)	14,577			—			8,952
Comprehensive income	$	4,242		$	15,526		$	25,215		$	(26,420	)	$	18,563

	Three Months Ended June 30, 2016
	Parent			Guarantors			Non-guarantors			Consolidating Adjustments			Consolidated
Revenues:
Product	$	—		$	180,529		$	29,597		$	—		$	210,126
Service	—			36,815			25,385			—			62,200
Other	—			—			15,051			—			15,051
Total revenues	—			217,344			70,033			—			287,377
Expenses:
Costs of products sold, exclusive of depreciation and amortization shown below	—			153,413			23,429			—			176,842
Operating	—			28,918			25,789			—			54,707
General and administrative	4,782			7,806			8,187			—			20,775
Depreciation and amortization	393			17,388			7,274			—			25,055
Loss (gain) on disposal or impairment, net	—			1,713			(28		)	—			1,685
Total expenses	5,175			209,238			64,651			—			279,064
Earnings from equity method investments	6,854			18,111			—			(7,887		)	17,078
Operating income	1,679			26,217			5,382			(7,887		)	25,391
Other expenses (income), net:
Interest expense (income)	(1,496		)	20,767			(1,024		)	(236		)	18,011
Foreign currency transaction loss	—			—			1,543			—			1,543
Gain on sale of equity method investment	(9,120		)	—			—			—			(9,120		)
Other income, net	(249		)	—			(477		)	236			(490		)
Total other expense (income), net	(10,865		)	20,767			42			—			9,944
Income from continuing operations before income taxes	12,544			5,450			5,340			(7,887		)	15,447
Income tax expense	3,679			—			979			—			4,658
Income from continuing operations	8,865			5,450			4,361			(7,887		)	10,789
Loss from discontinued operations, net of income taxes	—			(1		)	(1		)	—			(2		)
Net income	8,865			5,449			4,360			(7,887		)	10,787
Less: net income attributable to noncontrolling interests	—			1,922			—			—			1,922
Net income attributable to SemGroup	$	8,865		$	3,527		$	4,360		$	(7,887	)	$	8,865
Net income	$	8,865		$	5,449		$	4,360		$	(7,887	)	$	10,787
Other comprehensive income (loss), net of income taxes	18,480			485			(12,374		)	—			6,591
Comprehensive income (loss)	27,345			5,934			(8,014		)	(7,887		)	17,378
Less: comprehensive income attributable to noncontrolling interests	—			1,922			—			—			1,922
Comprehensive income (loss) attributable to SemGroup	$	27,345		$	4,012		$	(8,014	)	$	(7,887	)	$	15,456

	Six Months Ended June 30, 2017
	Parent			Guarantors			Non-guarantors			Consolidating Adjustments			Consolidated
Revenues:
Product	$	—		$	674,159		$	67,208		$	—		$	741,367
Service	—			75,599			81,081			—			156,680
Other	—			—			31,142			—			31,142
Total revenues	—			749,758			179,431			—			929,189
Expenses:
Costs of products sold, exclusive of depreciation and amortization shown below	—			632,163			56,942			—			689,105
Operating	—			56,134			69,295			—			125,429
General and administrative	16,543			15,373			16,480			—			48,396
Depreciation and amortization	1,003			34,497			14,701			—			50,201
Loss on disposal of long-lived assets, net	—			1,964			212			—			2,176
Total expenses	17,546			740,131			157,630			—			915,307
Earnings from equity method investments	44,295			37,635			—			(47,086		)	34,844
Operating income	26,749			47,262			21,801			(47,086		)	48,726
Other expenses (income), net:
Interest expense (income)	10,591			18,418			(1,269		)	(396		)	27,344
Loss on early extinguishment of debt	19,930			—			—			—			19,930
Foreign currency transaction gain	—			—			(1,011		)	—			(1,011		)
Other income, net	(440		)	(5		)	(542		)	396			(591		)
Total other expense (income), net	30,081			18,413			(2,822		)	—			45,672
Income (loss) from continuing operations before income taxes	(3,332		)	28,849			24,623			(47,086		)	3,054
Income tax expense (benefit)	(2,666		)	—			6,386			—			3,720
Net income (loss)	(666		)	28,849			18,237			(47,086		)	(666		)
Net income (loss)	$	(666	)	$	28,849		$	18,237		$	(47,086	)	$	(666	)
Other comprehensive income (loss), net of income taxes	(8,950		)	(330		)	24,265			—			14,985
Comprehensive income (loss)	(9,616		)	28,519			42,502			(47,086		)	14,319

	Six Months Ended June 30, 2016
	Parent			Guarantors			Non-guarantors			Consolidating Adjustments			Consolidated
Revenues:
Product	$	—		$	387,803		$	59,219		$	—		$	447,022
Service	—			77,012			49,261			—			126,273
Other	—			—			28,933			—			28,933
Total revenues	—			464,815			137,413			—			602,228
Expenses:
Costs of products sold, exclusive of depreciation and amortization shown below	—			326,667			47,122			—			373,789
Operating	—			58,018			46,881			—			104,899
General and administrative	10,654			14,954			16,227			—			41,835
Depreciation and amortization	773			34,159			14,174			—			49,106
Loss (gain) on disposal or impairment, net	—			15,059			(67		)	—			14,992
Total expenses	11,427			448,857			124,337			—			584,621
Earnings from equity method investments	13,960			40,684			—			(14,495		)	40,149
Loss on issuance of common units by equity method investee	(41		)	—			—			—			(41		)
Operating income	2,492			56,642			13,076			(14,495		)	57,715
Other expenses (income), net:
Interest expense (income)	(2,911		)	41,207			(2,235		)	(473		)	35,588
Foreign currency transaction loss	—			—			3,012			—			3,012
Loss on sale of equity method investment	30,644			—			—			—			30,644
Other income, net	(487		)	—			(664		)	473			(678		)
Total other expenses, net	27,246			41,207			113			—			68,566
Income (loss) from continuing operations before income taxes	(24,754		)	15,435			12,963			(14,495		)	(10,851		)
Income tax expense (benefit)	(19,706		)	—			2,957			—			(16,749		)
Income (loss) from continuing operations	(5,048		)	15,435			10,006			(14,495		)	5,898
Loss from discontinued operations, net of income taxes	—			(3		)	(1		)	—			(4		)
Net income (loss)	(5,048		)	15,432			10,005			(14,495		)	5,894
Less: net income attributable to noncontrolling interests	—			10,942			—			—			10,942
Net income (loss) attributable to SemGroup	$	(5,048	)	$	4,490		$	10,005		$	(14,495	)	$	(5,048	)
Net income (loss)	(5,048		)	15,432			10,005			(14,495		)	5,894
Other comprehensive income (loss), net of income taxes	(1,986		)	701			3,767			—			2,482
Comprehensive income (loss)	(7,034		)	16,133			13,772			(14,495		)	8,376
Less: comprehensive income attributable to noncontrolling interests	—			10,942			—			—			10,942
Comprehensive income (loss) attributable to SemGroup	$	(7,034	)	$	5,191		$	13,772		$	(14,495	)	$	(2,566	)

Schedule of Condensed Cash Flow Statement [Table Text Block]

	Six Months Ended June 30, 2017
	Parent			Guarantors			Non-guarantors			Consolidating Adjustments			Consolidated
Net cash provided by (used in) operating activities	$	(11,069	)	$	79,349		$	24,014		$	—		$	92,294
Cash flows from investing activities:
Capital expenditures	(2,959		)	(46,587		)	(161,552		)	—			(211,098		)
Proceeds from sale of long-lived assets	—			15,530			633			—			16,163
Contributions to equity method investments	—			(9,627		)	—			—			(9,627		)
Distributions in excess of equity in earnings of affiliates	—			13,410			—			—			13,410
Net cash provided used in investing activities	(2,959		)	(27,274		)	(160,919		)	—			(191,152		)
Cash flows from financing activities:
Debt issuance costs	(6,019		)	—			—			—			(6,019		)
Borrowings on credit facilities and issuance of senior notes, net of discount	550,018			—			—			—			550,018
Principal payments on credit facilities and other obligations	(388,719		)	(11		)	—			—			(388,730		)
Debt extinguishment costs	(16,293		)	—			—			—			(16,293		)
Repurchase of common stock for payment of statutory taxes due on equity-based compensation	(1,266		)	—			—			—			(1,266		)
Dividends paid	(59,493		)	—			—			—			(59,493		)
Proceeds from issuance of common stock under employee stock purchase plan	542			—			—			—			542
Intercompany borrowings (advances), net	(74,526		)	(52,064		)	124,397			2,193			—
Net cash provided by (used in) financing activities	4,244			(52,075		)	124,397			2,193			78,759
Effect of exchange rate changes on cash and cash equivalents	—			—			2,418			—			2,418
Change in cash and cash equivalents	(9,784		)	—			(10,090		)	2,193			(17,681		)
Cash and cash equivalents at beginning of period	19,002			—			59,796			(4,582		)	74,216
Cash and cash equivalents at end of period	$	9,218		$	—		$	49,706		$	(2,389	)	$	56,535

	Six Months Ended June 30, 2016
	Parent			Guarantors			Non-guarantors			Consolidating Adjustments			Consolidated
Net cash provided by operating activities	$	26,826		$	45,157		$	29,602		$	(25,448	)	$	76,137
Cash flows from investing activities:
Capital expenditures	(1,350		)	(31,397		)	(96,187		)	—			(128,934		)
Proceeds from sale of long-lived assets	—			16			98			—			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			(21,051		)	(96,089		)	(13,767		)	(58,007		)
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 borrowing (advances), net	(74,408		)	(45,578		)	79,207			40,779			—
Net cash provided by (used in) financing activities	83,702			(26,077		)	79,207			40,779			177,611
Effect of exchange rate changes on cash and cash equivalents	—			—			1,943			—			1,943
Change in cash and cash equivalents	183,428			(1,971		)	14,663			1,564			197,684
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	$	187,987		$	7,087		$	60,706		$	—		$	255,780