Property and Equipment

3 Months Ended

Mar. 31, 2017

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

4. PROPERTY AND EQUIPMENT

Our property and equipment includes non-leased assets and assets under operating leases for which we are the lessor under U.S. GAAP. Major classes of property and equipment consisted of the following (in thousands):

	March 31, 2017
	Non-Leased Assets			Assets Leased to Valero			Total
Land	$	4,672		$	—		$	4,672
Pipelines and related assets	224,794			112,738			337,532
Terminals and related assets	114,127			805,035			919,162
Other	10,016			—			10,016
Construction-in-progress	31,225			—			31,225
Property and equipment, at cost	384,834			917,773			1,302,607
Accumulated depreciation	(118,091		)	(244,350		)	(362,441		)
Property and equipment, net	$	266,743		$	673,423		$	940,166

	December 31, 2016
	Non-Leased Assets			Assets Leased to Valero			Total
Land	$	4,672		$	—		$	4,672
Pipelines and related assets	224,656			47,366			272,022
Terminals and related assets	112,614			793,765			906,379
Other	9,538			—			9,538
Construction-in-progress	23,677			—			23,677
Property and equipment, at cost	375,157			841,131			1,216,288
Accumulated depreciation	(115,538		)	(235,670		)	(351,208		)
Property and equipment, net	$	259,619		$	605,461		$	865,080