XML 59 R42.htm IDEA: XBRL DOCUMENT v3.10.0.1
Segment Information (Tables)
12 Months Ended
Dec. 31, 2018
Segment Reporting [Abstract]  
Summary of Financial Information
Summarized financial information for our reportable segments is shown in the following tables (in millions):
 
Texas
 
Louisiana
 
Oklahoma
 
Crude and Condensate
 
Corporate
 
Totals
Year Ended December 31, 2018
 
 
 
 
 
 
 
 
 
 
 
Natural gas sales
$
292.9

 
$
531.1

 
$
189.7

 
$

 
$

 
$
1,013.7

NGL sales
28.6

 
2,786.3

 
25.2

 
0.9

 

 
2,841.0

Crude oil and condensate sales

 
0.5

 
0.7

 
2,656.4

 

 
2,657.6

Product sales
321.5

 
3,317.9

 
215.6

 
2,657.3

 

 
6,512.3

Natural gas sales—related parties

 

 
2.5

 

 

 
2.5

NGL sales—related parties
503.5

 
47.4

 
590.8

 

 
(1,104.3
)
 
37.4

Crude oil and condensate sales—related parties
49.3

 
0.3

 
85.6

 
3.3

 
(137.4
)
 
1.1

Product sales—related parties
552.8

 
47.7

 
678.9

 
3.3

 
(1,241.7
)
 
41.0

Gathering and transportation
177.9

 
68.8

 
149.1

 
3.1

 

 
398.9

Processing
101.0

 
3.3

 
122.8

 

 

 
227.1

NGL services

 
59.6

 

 

 

 
59.6

Crude services

 

 
0.6

 
66.5

 

 
67.1

Other services
9.6

 
0.6

 
0.2

 
0.2

 

 
10.6

Midstream services
288.5

 
132.3

 
272.7

 
69.8

 

 
763.3

Gathering and transportation—related parties
122.7

 

 
80.6

 

 

 
203.3

Processing—related parties
108.6

 

 
48.4

 

 

 
157.0

NGL services—related parties

 
3.3

 

 

 
(3.3
)
 

Crude services—related parties

 

 
1.5

 
14.9

 

 
16.4

Other services—related parties
0.5

 

 

 

 

 
0.5

Midstream services—related parties
231.8

 
3.3

 
130.5

 
14.9

 
(3.3
)
 
377.2

Revenue from contracts with customers
1,394.6

 
3,501.2

 
1,297.7

 
2,745.3

 
(1,245.0
)
 
7,693.8

Cost of sales
(753.9
)
 
(3,158.7
)
 
(744.0
)
 
(2,596.4
)
 
1,245.0

 
(6,008.0
)
Operating expenses
(180.6
)
 
(108.3
)
 
(89.2
)
 
(75.3
)
 

 
(453.4
)
Gain on derivative activity

 

 

 

 
5.2

 
5.2

Segment profit
$
460.1

 
$
234.2

 
$
464.5

 
$
73.6

 
$
5.2

 
$
1,237.6

Depreciation and amortization
$
(216.2
)
 
$
(122.7
)
 
$
(178.1
)
 
$
(51.6
)
 
$
(8.7
)
 
$
(577.3
)
Impairments
$
(232.0
)
 
$
(24.6
)
 
$

 
$
(109.2
)
 
$

 
$
(365.8
)
Goodwill
$

 
$

 
$
190.3

 
$

 
$
1,119.9

 
$
1,310.2

Capital expenditures
$
249.4

 
$
47.0

 
$
412.5

 
$
135.7

 
$
5.3

 
$
849.9

Total assets
$
2,925.3

 
$
2,347.9

 
$
3,116.5

 
$
959.3

 
$
1,345.1

 
$
10,694.1

 
Texas
 
Louisiana
 
Oklahoma
 
Crude and Condensate
 
Corporate
 
Totals
Year Ended December 31, 2017
 
 
 
 
 
 
 
 
 
 
 
Product sales
$
325.0

 
$
2,529.6

 
$
128.8

 
$
1,375.0

 
$

 
$
4,358.4

Product sales—related parties
500.3

 
45.0

 
349.4

 
0.8

 
(750.6
)
 
144.9

Midstream services
116.3

 
220.6

 
155.0

 
60.4

 

 
552.3

Midstream services—related parties
424.3

 
136.4

 
241.6

 
17.4

 
(131.5
)
 
688.2

Cost of sales
(772.3
)
 
(2,618.1
)
 
(522.9
)
 
(1,330.3
)
 
882.1

 
(4,361.5
)
Operating expenses
(172.7
)
 
(101.3
)
 
(64.6
)
 
(80.1
)
 

 
(418.7
)
Loss on derivative activity

 

 

 

 
(4.2
)
 
(4.2
)
Segment profit (loss)
$
420.9

 
$
212.2

 
$
287.3

 
$
43.2

 
$
(4.2
)
 
$
959.4

Depreciation and amortization
$
(215.2
)
 
$
(116.1
)
 
$
(156.6
)
 
$
(47.5
)
 
$
(9.9
)
 
$
(545.3
)
Impairments
$

 
$
(0.8
)
 
$

 
$
(16.3
)
 
$

 
$
(17.1
)
Goodwill
$
232.0

 
$

 
$
190.3

 
$

 
$
1,119.9

 
$
1,542.2

Capital expenditures
$
145.4

 
$
75.1

 
$
442.1

 
$
79.1

 
$
26.4

 
$
768.1

Total assets
$
3,094.8

 
$
2,408.5

 
$
2,836.7

 
$
929.5

 
$
1,268.3

 
$
10,537.8


 
Texas
 
Louisiana
 
Oklahoma
 
Crude and Condensate
 
Corporate
 
Totals
Year Ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
Product sales
$
237.2

 
$
1,632.5

 
$
48.5

 
$
1,090.7

 
$

 
$
3,008.9

Product sales—related parties
287.6

 
57.8

 
120.4

 
1.5

 
(333.0
)
 
134.3

Midstream services
104.2

 
215.4

 
82.2

 
65.4

 

 
467.2

Midstream services—related parties
439.3

 
95.8

 
185.9

 
18.9

 
(86.8
)
 
653.1

Cost of sales
(483.4
)
 
(1,729.0
)
 
(184.9
)
 
(1,038.0
)
 
419.8

 
(3,015.5
)
Operating expenses
(168.5
)
 
(96.6
)
 
(52.1
)
 
(81.3
)
 

 
(398.5
)
Loss on derivative activity

 

 

 

 
(11.1
)
 
(11.1
)
Segment profit (loss)
$
416.4

 
$
175.9

 
$
200.0

 
$
57.2

 
$
(11.1
)
 
$
838.4

Depreciation and amortization
$
(196.9
)
 
$
(114.8
)
 
$
(140.6
)
 
$
(42.4
)
 
$
(9.2
)
 
$
(503.9
)
Impairments
$
(473.1
)
 
$

 
$

 
$
(93.2
)
 
$
(307.0
)
 
$
(873.3
)
Goodwill
$
232.0

 
$

 
$
190.3

 
$

 
$
1,119.9

 
$
1,542.2

Capital expenditures
$
217.9

 
$
79.1

 
$
295.7

 
$
74.3

 
$
9.1

 
$
676.1

Total assets
$
3,142.6

 
$
2,349.3

 
$
2,524.5

 
$
836.8

 
$
1,422.7

 
$
10,275.9



Reconciliation of Profits to Operating Income (Loss)
The following table reconciles the segment profits reported above to the operating income (loss) as reported on the consolidated statements of operations (in millions):
 
Year Ended December 31,
 
2018
 
2017
 
2016
Segment profit
$
1,237.6

 
$
959.4

 
$
838.4

General and administrative expenses
(140.3
)
 
(128.6
)
 
(122.5
)
Depreciation and amortization
(577.3
)
 
(545.3
)
 
(503.9
)
Loss on disposition of assets
(0.4
)
 

 
(13.2
)
Impairments
(365.8
)
 
(17.1
)
 
(873.3
)
Gain on litigation settlement

 
26.0

 

Operating income (loss)
$
153.8

 
$
294.4

 
$
(674.5
)