Segments (Tables)

12 Months Ended

Mar. 31, 2022

Schedule of certain information related to results of operations by segment

The following table summarizes revenues related to our segments for the periods indicated:


	Year Ended March 31,
	2022		2021		2020
	(in thousands)
Revenues:
Water Solutions:
Topic 606 revenues
Disposal service fees	$	409,548	$	317,640	$	330,877
Sale of recovered crude oil	77,203		28,599		59,445
Sale of water	39,518		13,569		12,381
Other service revenues	18,597		11,178		19,356
Total Water Solutions revenues	544,866		370,986		422,059
Crude Oil Logistics:
Topic 606 revenues
Crude oil sales	2,432,393		1,574,699		2,383,812
Crude oil transportation and other	75,484		142,233		170,138
Non-Topic 606 revenues	8,687		11,355		13,991
Elimination of intersegment sales	(11,068)		(6,651)		(18,174)
Total Crude Oil Logistics revenues	2,505,496		1,721,636		2,549,767
Liquids Logistics:
Topic 606 revenues
Refined products sales	1,899,761		1,123,963		2,399,642
Propane sales	1,322,210		1,023,479		842,400
Butane sales	861,998		516,358		562,053
Other product sales	551,841		373,707		484,373
Service revenues	8,781		22,270		37,938
Non-Topic 606 revenues	254,285		79,442		289,713
Elimination of intersegment sales	(1,323)		(6,073)		(4,983)
Total Liquids Logistics revenues	4,897,553		3,133,146		4,611,136
Corporate and Other:
Non-Topic 606 revenues	—		1,255		1,038
Total Corporate and Other revenues	—		1,255		1,038
Total revenues	$	7,947,915	$	5,227,023	$	7,584,000

The following table summarizes depreciation and amortization expense (including amortization expense recorded within interest expense, cost of sales and operating expenses in Note 6 and Note 7) and operating income (loss) by segment for the periods indicated:


	Year Ended March 31,
	2022		2021		2020
	(in thousands)
Depreciation and Amortization:
Water Solutions	$	214,805	$	222,354	$	163,874
Crude Oil Logistics	48,489		60,874		70,759
Liquids Logistics	19,000		29,503		28,279
Corporate and Other	23,914		18,469		13,936
Total	$	306,208	$	331,200	$	276,848

Operating Income (Loss):
Water Solutions	$	94,851	$	(92,720)	$	(173,064)
Crude Oil Logistics	45,033		(304,330)		117,768
Liquids Logistics	(8,441)		70,441		142,411
Corporate and Other	(48,400)		(64,144)		(90,447)
Total	$	83,043	$	(390,753)	$	(3,332)

Schedule of additions to property, plant and equipment and intangible assets by segment

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


	Year Ended March 31,
	2022		2021		2020
	(in thousands)
Water Solutions	$	115,267	$	66,649	$	2,076,866
Crude Oil Logistics	6,422		9,933		28,828
Liquids Logistics	11,185		31,172		19,753
Corporate and Other	2,148		11,953		7,968
Total	$	135,022	$	119,707	$	2,133,415

All of the tables above do not include amounts related to Mid-Con, Gas Blending and TPSL, as these amounts have been classified as discontinued operations within our consolidated statements of operations for the years ended March 31, 2021 and 2020 (see Note 18).

Schedule of long-lived assets (consisting of property, plant and equipment, intangible assets, operating lease right-of-use assets and goodwill) and total assets by segment

The following tables summarize long-lived assets (consisting of property, plant and equipment, intangible assets, operating lease right-of-use assets and goodwill) and total assets by segment at the dates indicated:


	March 31,
	2022		2021
	(in thousands)
Long-lived assets, net:
Water Solutions	$	2,970,911	$	3,104,450
Crude Oil Logistics	1,050,546		1,090,578
Liquids Logistics (1)	385,783		626,221
Corporate and Other	49,067		44,802
Total	$	4,456,307	$	4,866,051

(1) Includes $17.1 million and $20.9 million of non-US long-lived assets at March 31, 2022 and 2021, respectively.


	March 31,
	2022		2021
	(in thousands)
Total assets:
Water Solutions	$	3,130,659	$	3,204,850
Crude Oil Logistics	1,952,048		1,665,005
Liquids Logistics (1)	888,927		1,003,370
Corporate and Other	98,711		74,116
Total	$	6,070,345	$	5,947,341

(1) Includes $40.2 million and $37.9 million of non-US total assets at March 31, 2022 and 2021, respectively.