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Segment Information
 6 Months Ended
Jun. 30, 2014
Segment Reporting [Abstract]  
Segment Information
(15) Segment Information
 
Identification of the Company's operating segments is based principally upon geographic regions served.  The Company’s reportable segments consist of the following: natural gas gathering, processing, transmission and fractionation operations located in north Texas, south Texas and the Permian Basin in west Texas ("Texas"), the pipelines and processing plants located in Louisiana and NGL assets located in south Louisiana ("Louisiana"), natural gas gathering and processing operations located throughout Oklahoma ("Oklahoma") and crude rail, truck, pipeline, and barge facilities in the Ohio River Valley ("ORV"), which includes the Company's consolidated E2 operations. Operating activity for intersegment eliminations is shown in the corporate segment.  The Company’s sales are derived from external domestic customers.
 
Corporate expenses include general partnership expenses associated with managing all reportable operating segments. Corporate assets consist primarily of cash, property and equipment, including software, for general corporate support, debt financing costs and its investments in HEP and GCF. The Company evaluates the performance of its operating segments based on operating revenues and segment profits.

Summarized financial information concerning the Company’s reportable segments is shown in the following tables:
 
 
Texas
 
Louisiana
 
Oklahoma
 
Ohio River Valley
 
Corporate
 
Totals
 
(In millions)
Three Months Ended June 30, 2014
 

 
 

 
 

 
 

 
 

 
 

Sales to external customers
$
88.6

 
$
577.4

 
$
—

 
$
89.0

 
$
—

 
$
755.0

Sales to affiliates
152.9

 
1.7

 
47.2

 
—

 
(28.0
)
 
173.8

Purchased gas, NGLs, condensate and crude oil
(88.5
)
 
(530.8
)
 
—

 
(70.6
)
 
28.0

 
(661.9
)
Operating expenses
(38.6
)
 
(16.6
)
 
(7.3
)
 
(10.1
)
 
—

 
(72.6
)
Loss on derivative activity
—

 
—

 
—

 
—

 
(1.6
)
 
(1.6
)
Segment profit (loss)
$
114.4

 
$
31.7

 
$
39.9

 
$
8.3

 
$
(1.6
)
 
$
192.7

Depreciation and amortization
$
(32.8
)
 
$
(19.1
)
 
$
(11.6
)
 
$
(9.9
)
 
$
(0.8
)
 
$
(74.2
)
Goodwill
$
1,168.1

 
$
786.7

 
$
190.3

 
$
118.0

 
$
1,430.4

 
$
3,693.5

Capital expenditures
$
75.4

 
$
121.2

 
$
(2.2
)
 
$
18.0

 
$
3.2

 
$
215.6

Three Months Ended June 30, 2013
 
 
 
 
 
 
 
 
 
 
 
Sales to external customers
$
33.2

 
$
—

 
$
14.3

 
$
—

 
$
—

 
$
47.5

Sales to affiliates
367.3

 
—

 
173.2

 
—

 
—

 
540.5

Purchased gas, NGLs, condensate and crude oil
(295.1
)
 
—

 
(153.6
)
 
—

 
—

 
(448.7
)
Operating expenses
(31.4
)
 
—

 
(7.8
)
 
—

 
—

 
(39.2
)
Segment profit
$
74.0

 
$
—

 
$
26.1

 
$
—

 
$
—

 
$
100.1

Depreciation and amortization
$
(26.7
)
 
$
—

 
$
(19.5
)
 
$
—

 
$
—

 
$
(46.2
)
Goodwill
$
325.4

 
$
—

 
$
76.3

 
$
—

 
$
—

 
$
401.7

Capital expenditures
$
36.0

 
$
—

 
$
16.3

 
$
—

 
$
—

 
$
52.3

Six Months Ended June 30, 2014
 
 
 
 
 
 
 
 
 
 
 
Sales to external customers
$
136.9

 
$
730.6

 
$
11.5

 
$
108.5

 
$
—

 
$
987.5

Sales to affiliates
488.8

 
2.2

 
210.1

 
—

 
(35.4
)
 
665.7

Purchased gas, NGLs, condensate and crude oil
(346.2
)
 
(671.3
)
 
(133.8
)
 
(84.9
)
 
35.4

 
(1,200.8
)
Operating expenses
(70.3
)
 
(21.8
)
 
(14.0
)
 
(12.6
)
 
—

 
(118.7
)
Loss on derivative activity
—

 
—

 
—

 
—

 
(2.9
)
 
(2.9
)
Segment profit (loss)
$
209.2

 
$
39.7

 
$
73.8

 
$
11.0

 
$
(2.9
)
 
$
330.8

Depreciation and amortization
$
(60.1
)
 
$
(24.3
)
 
$
(25.8
)
 
$
(11.3
)
 
$
(0.9
)
 
$
(122.4
)
Goodwill
$
1,168.1

 
$
786.7

 
$
190.3

 
$
118.0

 
$
1,430.4

 
$
3,693.5

Capital expenditures
$
100.5

 
$
143.3

 
$
8.0

 
$
23.1

 
$
8.7

 
$
283.6

Six Months Ended June 30, 2013
 
 
 
 
 
 
 
 
 
 
 
Sales to external customers
$
63.7

 
$
—

 
$
25.6

 
$
—

 
$
—

 
$
89.3

Sales to affiliates
692.9

 
—

 
332.7

 
—

 
—

 
1,025.6

Purchased gas, NGLs, condensate and crude oil
(552.5
)
 
—

 
(291.6
)
 
—

 
—

 
(844.1
)
Operating expenses
(65.2
)
 
—

 
(15.0
)
 
—

 
—

 
(80.2
)
Segment profit
$
138.9

 
$
—

 
$
51.7

 
$
—

 
$
—

 
$
190.6

Depreciation and amortization
$
(53.4
)
 
$
—

 
$
(37.2
)
 
$
—

 
$
—

 
$
(90.6
)
Goodwill
$
325.4

 
$
—

 
$
76.3

 
$
—

 
$
—

 
$
401.7

Capital expenditures
$
86.8

 
$
—

 
$
48.7

 
$
—

 
$
—

 
$
135.5



The table below presents information about segment assets as of June 30, 2014 and December 31, 2013:
 
June 30, 2014
 
December 31, 2013
Segment Identifiable Assets:
(In millions)
Texas
$
3,176.4

 
$
1,460.0

Louisiana
2,891.9

 
—

Oklahoma
907.9

 
777.1

Ohio River Valley
614.1

 
—

Corporate
1,788.9

 
72.7

Total identifiable assets
$
9,379.2

 
$
2,309.8




The following table reconciles the segment profits reported above to the operating income as reported in the condensed consolidated statements of operations (in millions):

Three Months Ended June 30,
 
Six Months Ended June 30,
 
2014
 
2013
 
2014
 
2013
Segment profits
$
192.7

 
$
100.1

 
$
330.8

 
$
190.6

General and administrative expenses
(26.6
)
 
(11.3
)
 
(42.5
)
 
(21.5
)
Depreciation and amortization
(74.2
)
 
(46.2
)
 
(122.4
)
 
(90.6
)
Operating income
$
91.9

 
$
42.6

 
$
165.9

 
$
78.5