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Segments
3 Months Ended
Jun. 30, 2015
Segments  
Segments

 

Note 13—Segments

 

Certain financial data related to our segments is shown below. Transactions between segments are recorded based on prices negotiated between the segments.

 

Our liquids and retail propane segments each consist of two divisions, which are organized based on the location of the operations. The “corporate and other” category consists primarily of certain corporate expenses that are incurred and are not allocated to the reportable segments. This data is included to reconcile the data for the reportable segments to data in our condensed consolidated financial statements.

 

 

 

Three Months Ended June 30,

 

 

 

2015

 

2014

 

 

 

(in thousands)

 

Revenues:

 

 

 

 

 

Crude oil logistics—

 

 

 

 

 

Crude oil sales

 

$

1,312,783

 

$

1,929,055

 

Crude oil transportation and other

 

18,949

 

10,003

 

Water solutions—

 

 

 

 

 

Service fees

 

36,738

 

17,701

 

Recovered hydrocarbons

 

15,818

 

24,015

 

Water transportation

 

 

5,598

 

Other revenues

 

1,737

 

 

Liquids—

 

 

 

 

 

Propane sales

 

105,162

 

222,446

 

Other product sales

 

147,589

 

288,359

 

Other revenues

 

9,750

 

5,716

 

Retail propane—

 

 

 

 

 

Propane sales

 

43,185

 

52,026

 

Distillate sales

 

12,947

 

18,695

 

Other revenues

 

8,315

 

7,181

 

Refined products and renewables—

 

 

 

 

 

Refined products sales

 

1,708,949

 

986,223

 

Renewables sales

 

106,153

 

131,274

 

Service fees

 

28,073

 

 

Corporate and other

 

 

1,461

 

Elimination of intersegment sales

 

(17,679

)

(51,139

)

 

 

 

 

 

 

Total revenues

 

$

3,538,469

 

$

3,648,614

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation and Amortization:

 

 

 

 

 

Crude oil logistics

 

$

10,002

 

$

9,731

 

Water solutions

 

20,846

 

17,092

 

Liquids

 

5,004

 

3,201

 

Retail propane

 

8,706

 

7,571

 

Refined products and renewables

 

14,175

 

844

 

Corporate and other

 

1,098

 

936

 

 

 

 

 

 

 

Total depreciation and amortization

 

$

59,831

 

$

39,375

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating Income (Loss):

 

 

 

 

 

Crude oil logistics

 

$

11,960

 

$

1,463

 

Water solutions

 

(3,072

)

(907

)

Liquids

 

(471

)

(913

)

Retail propane

 

(700

)

(1,586

)

Refined products and renewables

 

33,020

 

(1,255

)

Corporate and other

 

(55,466

)

(17,357

)

 

 

 

 

 

 

Total operating loss

 

$

(14,729

)

$

(20,555

)

 

 

 

 

 

 

 

 

 

The following table summarizes additions to property, plant and equipment for each segment. This information has been prepared on the accrual basis, and includes property, plant and equipment acquired in acquisitions.

 

 

 

Three Months Ended June 30,

 

 

 

2015

 

2014

 

 

 

(in thousands)

 

Additions to property, plant and equipment:

 

 

 

 

 

Crude oil logistics

 

$

62,639 

 

$

41,949 

 

Water solutions

 

60,489 

 

7,462 

 

Liquids

 

17,178 

 

1,159 

 

Retail propane

 

6,895 

 

2,844 

 

Refined products and renewables

 

15,695 

 

 

Corporate and other

 

1,169 

 

1,453 

 

 

 

 

 

 

 

Total

 

$

164,065 

 

$

54,867 

 

 

 

 

 

 

 

 

 

 

The following tables summarize long-lived assets (consisting of property, plant and equipment, intangible assets, and goodwill) and total assets by segment:

 

 

 

June 30,

 

March 31,

 

 

 

2015

 

2015

 

 

 

(in thousands)

 

Total assets:

 

 

 

 

 

Crude oil logistics

 

$

2,269,187 

 

$

2,337,188 

 

Water solutions

 

1,298,697 

 

1,185,929 

 

Liquids

 

737,114 

 

713,547 

 

Retail propane

 

528,934 

 

542,476 

 

Refined products and renewables

 

1,671,503 

 

1,668,836 

 

Corporate and other

 

137,216 

 

99,525 

 

 

 

 

 

 

 

Total

 

$

6,642,651 

 

$

6,547,501 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Long-lived assets, net:

 

 

 

 

 

Crude oil logistics

 

$

1,379,921 

 

$

1,327,538 

 

Water solutions

 

1,204,133 

 

1,119,794 

 

Liquids

 

546,204 

 

534,560 

 

Retail propane

 

468,007 

 

467,652 

 

Refined products and renewables

 

800,457 

 

808,757 

 

Corporate and other

 

47,994 

 

50,192 

 

 

 

 

 

 

 

Total

 

$

4,446,716 

 

$

4,308,493