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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
[2]
Current assets:    
Cash and cash equivalents [1] $ 80,783 $ 236,579
Receivables from related party 18,088 [1] 8,499
Prepaid expenses and other 632 [1] 727
Total current assets 99,503 [1] 245,805
Property and equipment, at cost 1,110,399 [1],[3] 1,059,032 [4]
Accumulated depreciation (310,558) [1],[3] (273,398) [4]
Property and equipment, net 799,841 [1],[3] 785,634 [4]
Deferred charges and other assets, net 3,322 [1] 1,385
Total assets 902,666 [1] 1,032,824
Current liabilities:    
Current portion of debt and capital lease obligations 913 [1] 1,200
Accounts payable 9,264 [1] 4,297
Accrued liabilities 1,690 [1] 1,054
Taxes other than income taxes 1,276 [1] 765
Deferred revenue from related party 129 [1] 124
Total current liabilities 13,272 [1] 7,440
Debt and capital lease obligations, net of current portion 175,246 [1] 1,519
Notes payable to related party 370,000 [1] 0
Deferred income taxes 320 [1] 830
Other long-term liabilities 1,116 [1] 1,065
Commitments and contingencies [1]
Partners’ capital:    
Common unitholders – public (21,509,651 and 17,255,208 units outstanding) 581,489 [1] 374,954
Common unitholder – Valero (15,018,602 and 11,539,989 units outstanding) 28,430 [1] 58,844
Subordinated unitholder – Valero (28,789,989 and 28,789,989 units outstanding) (313,961) [1] 146,804
General partner – Valero (1,332,829 and 1,175,102 units outstanding) (5,805) [1] 4,617
Net investment 52,559 [1] 436,751
Total partners’ capital 342,712 [1] 1,021,970
Total liabilities and partners’ capital $ 902,666 [1] $ 1,032,824
[1] Financial information has been retrospectively adjusted for the acquisition of the McKee Terminal Services Business from Valero Energy Corporation. See Notes 1 and 3.
[2] Financial information has been retrospectively adjusted for the acquisitions of the Corpus Christi Terminal Services Business and the McKee Terminal Services Business from Valero Energy Corporation. See Notes 1 and 3.
[3] Financial information has been retrospectively adjusted for the acquisition of the McKee Terminal Services Business.
[4] Financial information has been retrospectively adjusted for the acquisitions of the Corpus Christi Terminal Services Business and the McKee Terminal Services Business.