Significant Accounting Policies (Tables)

9 Months Ended

Dec. 31, 2021

Accounting Policies [Abstract]

Schedule of inventories

Inventories consist of the following at the dates indicated:

	December 31, 2021		March 31, 2021
	(in thousands)
Propane	$	144,836	$	45,521
Crude oil	92,842		64,916
Butane	56,287		19,189
Biodiesel	22,655		16,169
Ethanol	5,009		3,056
Diesel	3,100		2,252
Other	9,194		7,364
Total	$	333,923	$	158,467

Schedule of investments in unconsolidated entities

Our investments in unconsolidated entities consist of the following at the dates indicated:

Entity	Segment	Ownership Interest	December 31, 2021		March 31, 2021
			(in thousands)
Water services and land company	Water Solutions	50%	$	15,184	$	15,832
Water services and land company	Water Solutions	50%	2,097		2,284
Water services and land company	Water Solutions	10%	2,837		3,254
Aircraft company (1)	Corporate and Other	50%	586		748
Water services company	Water Solutions	50%	414		424
Natural gas liquids terminal company	Liquids Logistics	50%	145		177
Total			$	21,263	$	22,719

(1)    This is an investment with a related party.

Schedule of other noncurrent assets

Other noncurrent assets consist of the following at the dates indicated:

	December 31, 2021		March 31, 2021
	(in thousands)
Loan receivable (1)	$	3,100	$	2,962
Linefill (2)	28,065		28,110
Minimum shipping fees - pipeline commitments (3)	9,967		13,171
Other	6,347		6,490
Total	$	47,479	$	50,733

(1)    Represents the noncurrent portion of a loan receivable, net of an allowance for an expected credit loss, with a former related party.

(2)    Represents minimum volumes of product we are required to leave on certain third-party owned pipelines under long-term shipment commitments. At December 31, 2021 and March 31, 2021, linefill consisted of 423,978 barrels of crude oil. Linefill held in pipelines we own is included within property, plant and equipment (see Note 4).

(3)    Represents the noncurrent portion of minimum shipping fees paid in excess of volumes shipped, or deficiency credits, for a contract with a crude oil pipeline operator. This amount can be recovered when volumes shipped exceed the minimum monthly volume commitment (see Note 7). As of December 31, 2021, the deficiency credit was $14.2 million, of which $4.2 million is recorded within prepaid expenses and other current assets in our unaudited condensed consolidated balance sheet.

Schedule of accrued expenses and other payables

Accrued expenses and other payables consist of the following at the dates indicated:

	December 31, 2021		March 31, 2021
	(in thousands)
Accrued interest	$	85,383	$	56,299
Derivative liabilities	20,278		21,562
Accrued compensation and benefits	16,300		41,456
Excise and other tax liabilities	7,928		10,970
Product exchange liabilities	12,185		1,188
Other	22,957		38,925
Total	$	165,031	$	170,400