XML 29 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 12 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenues:          
Gathering and processing $ 293.1 $ 162.5 $ 825.5 $ 1,051.2 $ 1,831.5
Marketing, supply and logistics 430.2 206.5 1,144.3 857.5 1,339.4
Total product revenue 723.3 369.0 1,969.8 1,908.7 3,170.9
Gathering and processing 75.0 75.7 290.7 325.9 332.2
Storage and transportation 10.0 59.4 165.3 266.3 264.6
Marketing, supply and logistics 19.3 31.2 92.1 128.0 160.6
Related party 0.5 0.7 2.6 3.9 3.0
Total services revenues 104.8 167.0 550.7 724.1 760.4
Total revenues 828.1 536.0 2,520.5 2,632.8 3,931.3
Costs of product/services sold (exclusive of items shown separately below):          
Gathering and processing 312.5 175.4 899.2 1,074.4 1,816.9
Marketing, supply and logistics 354.2 166.0 952.7 705.6 1,196.1
Related party 4.1 4.3 17.7 28.9 42.2
Total product costs 670.8 345.7 1,869.6 1,808.9 3,055.2
Gathering and processing 0.0 0.1 0.1 0.6 0.8
Storage and transportation 0.0 2.9 5.1 20.1 33.3
Marketing, supply and logistics 12.7 14.7 50.3 53.9 76.0
Total service costs 12.7 17.7 55.5 74.6 110.1
Total costs of product/services sold 683.5 363.4 1,925.1 1,883.5 3,165.3
Expenses:          
Operations and maintenance 33.7 41.8 158.1 190.2 203.3
General and administrative 26.4 23.0 88.2 116.3 100.2
Depreciation, amortization and accretion 48.4 62.3 229.6 300.1 285.3
Total expenses 108.5 127.1 475.9 606.6 588.8
Loss on long-lived assets, net     (65.6) (821.2) (1.9)
Goodwill impairment 0.0 (109.7) (162.6) (1,406.3) (48.8)
Loss on contingent consideration     0.0 0.0 (8.6)
Operating income (loss) 36.1 (64.2) (108.7) (2,084.8) 117.9
Earnings (loss) from unconsolidated affiliates, net 8.1 6.5 31.5 (60.8) (0.7)
Interest and debt expense, net (26.5) (36.1) (125.1) (140.1) (127.1)
Gain (loss) on modification/extinguishment of debt (37.3) 0.0 10.0 (20.0) 0.0
Other income, net 0.1 0.1 0.5 0.6 0.6
Income (loss) before income taxes (19.5) (93.7) (191.8) (2,305.1) (9.3)
(Provision) benefit for income taxes 0.1 0.0 (0.3) 1.4 (1.1)
Net income (loss) (19.4) (93.7) (192.1) (2,303.7) (10.4)
Net income (loss) attributable to non-controlling partners 6.1 5.9 24.2 (636.8) (66.8)
Net income (loss) attributable to parent (25.5) (99.6) (216.3) (1,666.9) 56.4
Net income (loss) attributable to preferred unit holders 17.8 1.6 28.7 6.2 0.0
Net income (loss) attributable to partners (43.3) (101.2) (245.0) (1,673.1) 56.4
Subordinated unitholders' interest in net income 0.0 0.0 0.0 0.0 1.3
Common unitholders' interest in net income (loss) $ (43.3) $ (101.2) $ (245.0) $ (1,673.1) $ 55.1
Net income (loss) per limited partner unit:          
Basic (in dollars per share) $ (0.62) $ (1.47) $ (3.55) $ (54.00) $ 3.03
Diluted (in dollars per share) $ (0.62) $ (1.47) $ (3.55) $ (54.00) $ 3.03
Weighted-average limited partners' units outstanding (in thousands):          
Basic (units) 69,697 68,912 69,017 30,983 18,201
Dilutive units (units) 0 0 0 0 439
Diluted (units) 69,697 68,912 69,017 30,983 18,640
Crestwood Midstream Partners LP          
Revenues:          
Gathering and processing $ 293.1 $ 162.5 $ 825.5 $ 1,051.2 $ 1,831.5
Marketing, supply and logistics 430.2 206.5 1,144.3 857.5 1,339.4
Total product revenue 723.3 369.0 1,969.8 1,908.7 3,170.9
Gathering and processing 75.0 75.7 290.7 325.9 332.2
Storage and transportation 10.0 59.4 165.3 266.3 250.8
Marketing, supply and logistics 19.3 31.2 92.1 128.0 160.6
Related party 0.5 0.7 2.6 3.9 3.0
Total services revenues 104.8 167.0 550.7 724.1 746.6
Total revenues 828.1 536.0 2,520.5 2,632.8 3,917.5
Costs of product/services sold (exclusive of items shown separately below):          
Gathering and processing 312.5 175.4 899.2 1,074.4 1,816.9
Marketing, supply and logistics 354.2 166.0 952.7 705.6 1,196.1
Related party 4.1 4.3 17.7 28.9 42.2
Total product costs 670.8 345.7 1,869.6 1,808.9 3,055.2
Gathering and processing 0.0 0.1 0.1 0.6 0.8
Storage and transportation 0.0 2.9 5.1 20.1 22.8
Marketing, supply and logistics 12.7 14.7 50.3 53.9 76.0
Total service costs 12.7 17.7 55.5 74.6 99.6
Total costs of product/services sold 683.5 363.4 1,925.1 1,883.5 3,154.8
Expenses:          
Operations and maintenance 33.7 41.7 155.0 188.7 195.4
General and administrative 25.5 22.2 85.6 105.6 91.7
Depreciation, amortization and accretion 51.2 64.9 240.5 278.5 255.4
Total expenses 110.4 128.8 481.1 572.8 542.5
Loss on long-lived assets, net     (65.6) (227.8) (35.1)
Goodwill impairment 0.0 (109.7) (162.6) (1,149.1) (48.8)
Loss on contingent consideration     0.0 0.0 (8.6)
Operating income (loss) 34.2 (65.9) (113.9) (1,200.4) 127.7
Earnings (loss) from unconsolidated affiliates, net 8.1 6.5 31.5 (60.8) (0.7)
Interest and debt expense, net (26.5) (36.1) (125.1) (130.5) (111.4)
Gain (loss) on modification/extinguishment of debt (37.3) 0.0 10.0 (18.9) 0.0
Income (loss) before income taxes (21.5) (95.5) (197.5) (1,410.6) 15.6
(Provision) benefit for income taxes 0.1 0.2 0.0 0.0 (0.9)
Net income (loss) (21.4) (95.3) (197.5) (1,410.6) 14.7
Net income (loss) attributable to non-controlling partners 6.1 5.9 24.2 23.1 16.8
Net income (loss) attributable to parent $ (27.5) $ (101.2) (221.7) (1,433.7) (2.1)
Net income (loss) attributable to preferred unit holders     0.0 23.1 17.2
Net income (loss) attributable to partners     $ (221.7) $ (1,456.8) $ (19.3)