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Segment Information (Tables)
 3 Months Ended
Mar. 31, 2015
Segment Reporting [Abstract]  
Company Reportable Segment
Summarized financial information concerning the Company’s reportable segments is shown in the following tables:
 
Texas
 
Louisiana
 
Oklahoma
 
Crude and Condensate
 
Corporate
 
Totals
 
(In millions)
Three Months Ended March 31, 2015
 

 
 

 
 

 
 

 
 

 
 

Sales to external customers
$
70.7

 
$
429.7

 
$
9.0

 
$
263.7

 
$
—

 
$
773.1

Sales to affiliates
140.6

 
11.9

 
34.9

 
—

 
(24.4
)
 
163.0

Purchased gas, NGLs, condensate and
    crude oil
(66.5
)
 
(376.4
)
 
(3.4
)
 
(235.5
)
 
24.4

 
(657.4
)
Operating expenses
(48.5
)
 
(22.5
)
 
(7.9
)
 
(17.3
)
 
—

 
(96.2
)
Gain on derivative activity
—

 
—

 
—

 
—

 
0.2

 
0.2

Segment profit
$
96.3

 
$
42.7

 
$
32.6

 
$
10.9

 
$
0.2

 
$
182.7

Depreciation and amortization
$
(36.5
)
 
$
(27.4
)
 
$
(13.5
)
 
$
(11.1
)
 
$
(1.5
)
 
$
(90.0
)
Goodwill
$
1,168.2

 
$
786.8

 
$
190.3

 
$
137.8

 
$
1,426.9

 
$
3,710.0

Capital expenditures
$
73.7

 
$
17.8

 
$
5.4

 
$
52.3

 
$
4.3

 
$
153.5

Three Months Ended March 31, 2014
 
 
 
 
 
 
 
 
 
 
 
Sales to external customers
$
48.3

 
$
152.5

 
$
11.5

 
$
20.1

 
$
—

 
$
232.4

Sales to affiliates
335.9

 
0.5

 
162.9

 
—

 
(7.4
)
 
491.9

Purchased gas, NGLs, condensate and
    crude oil
(257.7
)
 
(140.5
)
 
(133.8
)
 
(14.3
)
 
7.4

 
(538.9
)
Operating expenses
(31.7
)
 
(5.1
)
 
(6.7
)
 
(2.7
)
 
—

 
(46.2
)
Loss on derivative activity
—

 
—

 
—

 
—

 
(1.3
)
 
(1.3
)
Segment profit
$
94.8

 
$
7.4

 
$
33.9

 
$
3.1

 
$
(1.3
)
 
$
137.9

Depreciation and amortization
$
(27.2
)
 
$
(5.2
)
 
$
(14.2
)
 
$
(1.5
)
 
$
(0.1
)
 
$
(48.2
)
Goodwill
$
1,256.7

 
$
885.1

 
$
190.3

 
$
106.0

 
$
1,383.5

 
$
3,821.6

Capital expenditures
$
25.1

 
$
22.1

 
$
10.2

 
$
5.0

 
$
5.5

 
$
67.9
Segment Table Reconciliation to Condensed Consolidated Financial Statement
The table below presents information about segment assets as of March 31, 2015 and December 31, 2014:
 
March 31, 2015
 
December 31, 2014
Segment Identifiable Assets:
(In millions)
Texas
$
3,958.7

 
$
3,303.0

Louisiana
3,175.7

 
3,316.5

Oklahoma
883.4

 
892.8

Crude and Condensate
1,036.7

 
762.5

Corporate
1,838.0

 
1,822.5

Total identifiable assets
$
10,892.5

 
$
10,097.3
Reconciliation of Operating Profit (Loss) from Segments to Consolidated
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
 March 31,
 
2015
 
2014
Segment profits
$
182.7

 
$
137.9

General and administrative expenses
(42.9
)
 
(15.7
)
Depreciation and amortization
(90.0
)
 
(48.2
)
Operating income
$
49.8

 
$
74.0