XML 28 R28.htm IDEA: XBRL DOCUMENT v2.4.0.8
Segment Disclosures (Tables)
6 Months Ended
Jun. 30, 2014
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]  
Schedule of segment reporting information, by segment

Segment information is as follows (in thousands):
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2014
 
2013
 
2014
 
2013
REVENUES
 
 
 
 
 
 
 
Crude Oil Gathering:
 
 
 
 
 
 
 
Affiliate
$
25,115

 
$
20,529

 
$
48,366

 
$
41,906

Third-party
1,968

 
416

 
3,341

 
730

Total Crude Oil Gathering
27,083

 
20,945

 
51,707

 
42,636

Terminalling and Transportation:
 
 
 
 
 
 
 
Affiliate (a)
89,099

 
33,573

 
175,428

 
60,088

Third-party
14,143

 
5,587

 
28,239

 
9,003

Total Terminalling and Transportation
103,242

 
39,160

 
203,667

 
69,091

Total Segment Revenues
$
130,325

 
$
60,105

 
$
255,374

 
$
111,727

 
 
 
 
 
 
 
 
OPERATING INCOME
 
 
 
 
 
 
 
Crude Oil Gathering
$
11,925

 
$
7,688

 
$
22,939

 
$
16,715

Terminalling and Transportation
43,026

 
16,043

 
97,436

 
35,592

Total Segment Operating Income
54,951

 
23,731

 
120,375

 
52,307

Unallocated general and administrative expenses
(4,712
)
 
(4,104
)
 
(7,891
)
 
(8,421
)
Interest and financing costs, net
(17,473
)
 
(6,571
)
 
(35,220
)
 
(12,175
)
Interest income

 
470

 

 
493

NET INCOME
$
32,766

 
$
13,526

 
$
77,264

 
$
32,204

 
 
 
 
 
 
 
 
CAPITAL EXPENDITURES
 
 
 
 
 
 
 
Crude Oil Gathering
$
33,667

 
$
14,924

 
$
51,322

 
$
18,869

Terminalling and Transportation
13,878

 
7,510

 
22,707

 
13,801

Total Capital Expenditures
$
47,545

 
$
22,434

 
$
74,029

 
$
32,670


____________ 
(a)
Our Predecessor did not record revenue for transactions with Tesoro in the Terminalling and Transportation segment for assets acquired in the Acquisitions from Tesoro prior to the effective date of each acquisition.

Identifiable assets by operating segment were as follows (in thousands):
Identifiable Assets
June 30, 2014
 
December 31, 2013
Crude Oil Gathering
$
212,603

 
$
154,583

Terminalling and Transportation
1,503,002

 
1,299,310

 Other
31,934

 
48,419

Total Identifiable Assets
$
1,747,539

 
$
1,502,312