Segments (Tables)

3 Months Ended

12 Months Ended

Mar. 31, 2016

Dec. 31, 2015

Reconciliation of Net Income (Loss) to Earnings Before Interest, Taxes, Depreciation and Amortization

Below is a reconciliation of CMLP’s net income to EBITDA (in millions):

	Three Months Ended March 31,
	2016			2015
Net income (loss)	$	(95.3	)	$	29.1
Add:
Interest and debt expense, net		36.1			29.9
Provision (benefit) for income taxes		(0.2	)		0.4
Depreciation, amortization and accretion		64.9			68.8
EBITDA	$	5.5		$	128.2

Reportable Segments

	Three Months Ended March 31, 2016
	Gathering and Processing			Storage and Transportation			Marketing, Supply and Logistics			Corporate			Total
Revenues	$	238.9		$	59.4		$	237.7		$	—		$	536.0
Intersegment revenues		20.5			0.4			(20.9	)		—			—
Costs of product/services sold		179.8			2.9			180.7			—			363.4
Operations and maintenance expense		17.8			7.1			16.8			—			41.7
General and administrative expense		—			—			—			22.2			22.2
Goodwill impairment		(8.6	)		(13.7	)		(87.4	)		—			(109.7	)
Earnings from unconsolidated affiliates, net		5.1			1.4			—			—			6.5
EBITDA	$	58.3		$	37.5		$	(68.1	)	$	(22.2	)	$	5.5
Goodwill	$	45.9		$	757.5		$	172.4		$	—		$	975.8
Total assets	$	2,534.1		$	2,185.0		$	924.4		$	123.9		$	5,767.4
Purchases of property, plant and equipment	$	44.3		$	3.3		$	7.1		$	0.9		$	55.6

	Three Months Ended March 31, 2015
	Gathering and Processing			Storage and Transportation			Marketing, Supply and Logistics			Corporate			Total
Revenues	$	350.3		$	67.6		$	313.6		$	—		$	731.5
Intersegment revenues		10.1			—			(10.1	)		—			—
Costs of product/services sold		266.7			5.3			257.7			—			529.7
Operations and maintenance expense		24.1			6.4			20.1			—			50.6
General and administrative expense		—			—			—			25.6			25.6
Loss on long-lived assets		(0.3	)		(0.5	)		—			—			(0.8	)
Earnings from unconsolidated affiliates, net		2.5			0.9			—			—			3.4
EBITDA	$	71.8		$	56.3		$	25.7		$	(25.6	)	$	128.2
Purchases of property, plant and equipment	$	36.2		$	4.1		$	6.9		$	0.2		$	47.4

Below is a reconciliation of CEQP’s net income to EBITDA (in millions):

	Year Ended December 31,
	2015			2014			2013
Net loss	$	(2,303.7	)	$	(10.4	)	$	(50.6	)
Add:
Interest and debt expense, net		140.1			127.1			77.9
Loss on modification/extinguishment of debt		20.0			—			—
Provision (benefit) for income taxes		(1.4	)		1.1			1.0
Depreciation, amortization and accretion		300.1			285.3			167.9
EBITDA	$	(1,844.9	)	$	403.1		$	196.2

The following tables summarize CEQP’s reportable segment data for the years ended December 31, 2015, 2014 and 2013 (in millions). Included in earnings (loss) from unconsolidated affiliates below was approximately $86.1 million, $7.6 million and $2.6 million of depreciation and amortization expense and gains (losses) on long-lived assets, net related to our equity investments for the years ended December 31, 2015, 2014 and 2013, respectively.

	Year Ended December 31, 2015
	Gathering and Processing			Storage and Transportation			Marketing, Supply and Logistics			Corporate			Total
Revenues	$	1,381.0		$	266.3		$	985.5		$	—		$	2,632.8
Intersegment revenues		66.7			—			(66.7	)		—			—
Costs of product/services sold		1,103.9			20.1			759.5			—			1,883.5
Operations and maintenance expense		89.0			31.7			69.5			—			190.2
General and administrative expense		—			—			—			116.3			116.3
Loss on long-lived assets, net		(787.3	)		(1.6	)		(32.3	)		—			(821.2	)
Goodwill impairment		(329.7	)		(623.4	)		(453.2	)		—			(1,406.3	)
Loss from unconsolidated affiliates, net		(43.4	)		(17.4	)		—			—			(60.8	)
Other income, net		—			—			—			0.6			0.6
EBITDA	$	(905.6	)	$	(427.9	)	$	(395.7	)	$	(115.7	)	$	(1,844.9	)
Goodwill	$	54.5		$	771.2		$	259.8		$	—		$	1,085.5
Total assets	$	2,325.2		$	2,217.4		$	1,083.7		$	177.4		$	5,803.7
Purchases of property, plant and equipment	$	132.7		$	26.4		$	22.8		$	0.8		$	182.7

	Year Ended December 31, 2014
	Gathering and Processing			Storage and Transportation			Marketing, Supply and Logistics			Corporate			Total
Revenues	$	2,166.8		$	264.6		$	1,499.9		$	—		$	3,931.3
Intersegment revenues		50.0			—			(50.0	)		—			—
Costs of product/services sold		1,859.9			33.3			1,272.1			—			3,165.3
Operations and maintenance expense		102.8			28.8			71.7			—			203.3
General and administrative expense		—			—			—			100.2			100.2
Gain (loss) on long-lived assets		(32.7	)		33.8			(3.0	)		—			(1.9	)
Goodwill impairment		(18.5	)		—			(30.3	)		—			(48.8	)
Loss on contingent consideration		(8.6	)		—			—			—			(8.6	)
Earnings (loss) from unconsolidated affiliates		0.5			(1.2	)		—			—			(0.7	)
Other income, net		—			—			—			0.6			0.6
EBITDA	$	194.8		$	235.1		$	72.8		$	(99.6	)	$	403.1
Goodwill	$	384.2		$	1,394.6		$	713.0		$	—		$	2,491.8
Total assets	$	3,593.6		$	2,423.3		$	2,240.6		$	203.9		$	8,461.4
Purchases of property, plant and equipment	$	327.9		$	37.0		$	50.9		$	8.2		$	424.0

	Year Ended December 31, 2013
	Gathering and Processing			Storage and Transportation			Marketing, Supply and Logistics			Corporate			Total
Revenues	$	510.0		$	130.9		$	785.8		$	—		$	1,426.7
Costs of product/services sold		267.5			19.7			715.1			—			1,002.3
Operations and maintenance expense		58.7			14.2			31.7			—			104.6
General and administrative expense		—			—			—			93.5			93.5
Gain (loss) on long-lived assets		5.4			—			(0.1	)		—			5.3
Goodwill impairment		(4.1	)		—			—			—			(4.1	)
Gain on contingent consideration		(31.4	)		—			—			—			(31.4	)
Earnings (loss) from unconsolidated affiliates		0.1			(0.2	)		—			—			(0.1	)
Other income, net		—			—			—			0.2			0.2
EBITDA	$	153.8		$	96.8		$	38.9		$	(93.3	)	$	196.2
Purchases of property, plant and equipment	$	290.7		$	43.4		$	11.9		$	1.0		$	347.0

Below is a reconciliation of CMLP’s net income to EBITDA (in millions):

	Year Ended December 31,
	2015			2014		2013
Net income (loss)	$	(1,410.6	)	$	14.7	$	(12.4	)
Add:
Interest and debt expense, net		130.5			111.4		71.7
Loss on modification/extinguishment of debt		18.9			—		—
Provision for income taxes		—			0.9		0.7
Depreciation, amortization and accretion		278.5			255.4		139.4
EBITDA	$	(982.7	)	$	382.4	$	199.4

The following tables summarize CMLP’s reportable segment data for the years ended December 31, 2015, 2014 and 2013 (in millions). Included in earnings from unconsolidated affiliates below was approximately $86.1 million, $7.6 million and $2.6 million of depreciation and amortization expense and gains (losses) on long-lived assets, net related to our equity investments for the years ended December 31, 2015, 2014 and 2013, respectively.

	Year Ended December 31, 2015
	Gathering and Processing			Storage and Transportation			Marketing, Supply and Logistics			Corporate			Total
Revenues	$	1,381.0		$	266.3		$	985.5		$	—		$	2,632.8
Intersegment revenues		66.7			—			(66.7	)		—			—
Costs of product/services sold		1,103.9			20.1			759.5			—			1,883.5
Operations and maintenance expense		89.0			30.2			69.5			—			188.7
General and administrative expense		—			—			—			105.6			105.6
Loss on long-lived assets, net		(194.1	)		(1.4	)		(32.3	)		—			(227.8	)
Goodwill impairment		(72.5	)		(623.4	)		(453.2	)		—			(1,149.1	)
Loss from unconsolidated affiliates, net		(43.4	)		(17.4	)		—			—			(60.8	)
EBITDA	$	(55.2	)	$	(426.2	)	$	(395.7	)	$	(105.6	)	$	(982.7	)
Goodwill	$	54.5		$	771.2		$	259.8		$	—		$	1,085.5
Total assets	$	2,541.6		$	2,216.7		$	1,083.7		$	162.5		$	6,004.5
Purchases of property, plant and equipment	$	132.7		$	26.4		$	22.8		$	0.8		$	182.7

	Year Ended December 31, 2014
	Gathering and Processing			Storage and Transportation			Marketing, Supply and Logistics			Corporate			Total
Revenues	$	2,166.8		$	250.8		$	1,499.9		$	—		$	3,917.5
Intersegment revenues		50.0			—			(50.0	)		—			—
Costs of product/services sold		1,859.9			22.8			1,272.1			—			3,154.8
Operations and maintenance expense		102.8			22.1			70.5			—			195.4
General and administrative expense		—			—			—			91.7			91.7
Gain (loss) on long-lived assets, net		(32.7	)		0.6			(3.0	)		—			(35.1	)
Goodwill impairment		(18.5	)		—			(30.3	)		—			(48.8	)
Loss on contingent consideration		(8.6	)		—			—			—			(8.6	)
Earnings (loss) from unconsolidated affiliates, net		0.5			(1.2	)		—			—			(0.7	)
EBITDA	$	194.8		$	205.3		$	74.0		$	(91.7	)	$	382.4
Goodwill	$	127.0		$	1,394.6		$	713.0		$	—		$	2,234.6
Total assets	$	2,941.6		$	2,423.3		$	2,240.6		$	179.7		$	7,785.2
Purchases of property, plant and equipment	$	327.9		$	36.4		$	50.9		$	6.5		$	421.7

	Year Ended December 31, 2013
	Gathering and Processing			Storage and Transportation			Marketing, Supply and Logistics			Corporate			Total
Revenues	$	510.0		$	116.8		$	785.8		$	—		$	1,412.6
Costs of product/services sold		267.5			12.8			715.1			—			995.4
Operations and maintenance expense		58.7			12.4			32.3			—			103.4
General and administrative expense		—			—			—			84.1			84.1
Gain on long-lived assets		5.4			—			(0.1	)		—			5.3
Goodwill impairment		(4.1	)		—			—			—			(4.1	)
Loss on contingent consideration		(31.4	)		—			—			—			(31.4	)
Earnings (loss) from unconsolidated affiliates, net		0.1			(0.2	)		—			—			(0.1	)
EBITDA	$	153.8		$	91.4		$	38.3		$	(84.1	)	$	199.4
Purchases of property, plant and equipment	$	290.7		$	35.7		$	11.9		$	1.0		$	339.3

Crestwood Equity Partners LP

Reconciliation of Net Income (Loss) to Earnings Before Interest, Taxes, Depreciation and Amortization

Below is a reconciliation of CEQP’s net income to EBITDA (in millions):

	Three Months Ended March 31,
	2016			2015
Net income (loss)	$	(93.7	)	$	18.1
Add:
Interest and debt expense, net		36.1			33.6
Provision for income taxes		—			0.4
Depreciation, amortization and accretion		62.3			74.2
EBITDA	$	4.7		$	126.3

Reportable Segments

	Three Months Ended March 31, 2016
	Gathering and Processing			Storage and Transportation			Marketing, Supply and Logistics			Corporate			Total
Revenues	$	238.9		$	59.4		$	237.7		$	—		$	536.0
Intersegment revenues		20.5			0.4			(20.9	)		—			—
Costs of product/services sold		179.8			2.9			180.7			—			363.4
Operations and maintenance expense		17.8			7.2			16.8			—			41.8
General and administrative expense		—			—			—			23.0			23.0
Goodwill impairment		(8.6	)		(13.7	)		(87.4	)		—			(109.7	)
Earnings from unconsolidated affiliates, net		5.1			1.4			—			—			6.5
Other income, net		—			—			—			0.1			0.1
EBITDA	$	58.3		$	37.4		$	(68.1	)	$	(22.9	)	$	4.7
Goodwill	$	45.9		$	757.5		$	172.4		$	—		$	975.8
Total assets	$	2,321.2		$	2,185.7		$	924.4		$	138.7		$	5,570.0
Purchases of property, plant and equipment	$	44.3		$	3.3		$	7.1		$	0.9		$	55.6

	Three Months Ended March 31, 2015
	Gathering and Processing			Storage and Transportation			Marketing, Supply and Logistics			Corporate			Total
Revenues	$	350.3		$	67.6		$	313.6		$	—		$	731.5
Intersegment revenues		10.1			—			(10.1	)		—			—
Costs of product/services sold		266.7			5.3			257.7			—			529.7
Operations and maintenance expense		24.1			6.4			20.1			—			50.6
General and administrative expense		—			—			—			27.5			27.5
Loss on long-lived assets		(0.3	)		(0.7	)		—			—			(1.0	)
Earnings from unconsolidated affiliates, net		2.5			0.9			—			—			3.4
Other income, net		—			—			—			0.2			0.2
EBITDA	$	71.8		$	56.1		$	25.7		$	(27.3	)	$	126.3
Purchases of property, plant and equipment	$	36.2		$	4.1		$	6.9		$	0.2		$	47.4