XML 63 R42.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Segment Information (Tables)
12 Months Ended
Dec. 31, 2019
Segment Reporting [Abstract]  
Summary of Financial Information Summarized financial information for our reportable segments is shown in the following tables (in millions):
 
Permian
 
North Texas
 
Oklahoma
 
Louisiana
 
Corporate
 
Totals
Year Ended December 31, 2019
 
 
 
 
 
 
 
 
 
 
 
Natural gas sales
$
94.3

 
$
129.3

 
$
236.4

 
$
416.6

 
$

 
$
876.6

NGL sales
0.9

 
30.9

 
19.6

 
1,725.6

 

 
1,777.0

Crude oil and condensate sales
1,975.0

 

 
109.6

 
291.9

 

 
2,376.5

Product sales
2,070.2

 
160.2

 
365.6

 
2,434.1

 

 
5,030.1

Natural gas sales—related parties
0.4

 

 

 

 
(0.4
)
 

NGL sales—related parties
347.7

 
94.8

 
421.1

 
25.7

 
(889.3
)
 

Crude oil and condensate sales—related parties
13.5

 
5.5

 

 
1.7

 
(20.7
)
 

Product sales—related parties
361.6

 
100.3

 
421.1

 
27.4

 
(910.4
)
 

Gathering and transportation
48.8

 
196.4

 
234.5

 
58.3

 

 
538.0

Processing
30.5

 
143.0

 
138.2

 
3.2

 

 
314.9

NGL services

 
0.1

 

 
50.6

 

 
50.7

Crude services
19.2

 

 
19.8

 
51.9

 

 
90.9

Other services
12.0

 
1.1

 
0.1

 
0.7

 

 
13.9

Midstream services
110.5

 
340.6

 
392.6

 
164.7

 

 
1,008.4

NGL services—related parties

 

 

 
(3.4
)
 
3.4

 

Crude services—related parties

 

 
1.8

 

 
(1.8
)
 

Midstream services—related parties

 

 
1.8

 
(3.4
)
 
1.6

 

Revenue from contracts with customers
2,542.3

 
601.1

 
1,181.1

 
2,622.8

 
(908.8
)
 
6,038.5

Cost of sales
(2,283.9
)
 
(208.8
)
 
(627.0
)
 
(2,181.6
)
 
908.8

 
(4,392.5
)
Operating expenses
(112.9
)
 
(102.9
)
 
(104.0
)
 
(147.3
)
 

 
(467.1
)
Gain on derivative activity

 

 

 

 
14.4

 
14.4

Segment profit
$
145.5

 
$
289.4

 
$
450.1

 
$
293.9

 
$
14.4

 
$
1,193.3

Depreciation and amortization
$
(119.8
)
 
$
(139.8
)
 
$
(194.9
)
 
$
(154.1
)
 
$
(8.4
)
 
$
(617.0
)
Impairments
$
(3.5
)
 
$
(127.8
)
 
$
(813.5
)
 
$
(188.7
)
 
$

 
$
(1,133.5
)
Goodwill
$
184.6

 
$

 
$

 
$

 
$

 
$
184.6

Capital expenditures
$
364.5

 
$
39.0

 
$
238.1

 
$
99.9

 
$
6.9

 
$
748.4

 
Permian
 
North Texas
 
Oklahoma
 
Louisiana
 
Corporate
 
Totals
Year Ended December 31, 2018
 
 
 
 
 
 
 
 
 
 
 
Natural gas sales
$
152.3

 
$
140.6

 
$
189.7

 
$
531.1

 
$

 
$
1,013.7

NGL sales
0.5

 
29.0

 
25.2

 
2,786.3

 

 
2,841.0

Crude oil and condensate sales
2,344.1

 
0.5

 
85.9

 
227.1

 

 
2,657.6

Product sales
2,496.9

 
170.1

 
300.8

 
3,544.5

 

 
6,512.3

Natural gas sales—related parties
(0.3
)
 

 
2.5

 
0.3

 

 
2.5

NGL sales—related parties
454.1

 
49.4

 
590.8

 
47.4

 
(1,104.3
)
 
37.4

Crude oil and condensate sales—related parties

 
1.8

 
0.3

 
0.2

 
(1.2
)
 
1.1

Product sales—related parties
453.8

 
51.2

 
593.6

 
47.9

 
(1,105.5
)
 
41.0

Gathering and transportation
28.0

 
146.3

 
143.2

 
68.8

 

 
386.3

Processing
23.8

 
83.9

 
128.7

 
3.3

 

 
239.7

NGL services

 

 

 
59.6

 

 
59.6

Crude services
4.2

 

 
2.8

 
60.1

 

 
67.1

Other services
8.7

 
0.9

 
0.1

 
0.9

 

 
10.6

Midstream services
64.7

 
231.1

 
274.8

 
192.7

 

 
763.3

Gathering and transportation—related parties

 
122.7

 
80.6

 

 

 
203.3

Processing—related parties

 
108.5

 
48.5

 

 

 
157.0

NGL services—related parties

 

 

 
3.3

 
(3.3
)
 

Crude services—related parties
14.9

 

 
1.5

 

 

 
16.4

Other services—related parties

 
0.5

 

 

 

 
0.5

Midstream services—related parties
14.9

 
231.7

 
130.6

 
3.3

 
(3.3
)
 
377.2

Revenue from contracts with customers
3,030.3

 
684.1

 
1,299.8

 
3,788.4

 
(1,108.8
)
 
7,693.8

Cost of sales
(2,808.3
)
 
(199.2
)
 
(743.6
)
 
(3,365.7
)
 
1,108.8

 
(6,008.0
)
Operating expenses
(96.1
)
 
(112.7
)
 
(90.3
)
 
(154.3
)
 

 
(453.4
)
Gain on derivative activity

 

 

 

 
5.2

 
5.2

Segment profit
$
125.9

 
$
372.2

 
$
465.9

 
$
268.4

 
$
5.2

 
$
1,237.6

Depreciation and amortization
$
(111.0
)
 
$
(127.9
)
 
$
(178.8
)
 
$
(150.9
)
 
$
(8.7
)
 
$
(577.3
)
Impairments
$
(138.5
)
 
$
(202.7
)
 
$

 
$
(24.6
)
 
$

 
$
(365.8
)
Goodwill
$

 
$

 
$
190.3

 
$

 
$
1,119.9

 
$
1,310.2

Capital expenditures
$
271.7

 
$
24.7

 
$
493.8

 
$
54.4

 
$
5.3

 
$
849.9


 
Permian
 
North Texas
 
Oklahoma
 
Louisiana
 
Corporate
 
Totals
Year Ended December 31, 2017
 
 
 
 
 
 
 
 
 
 
 
Product sales
$
1,344.0

 
$
162.5

 
$
128.8

 
$
2,723.1

 
$

 
$
4,358.4

Product sales—related parties
357.0

 
120.5

 
349.4

 
39.8

 
(721.8
)
 
144.9

Midstream services
77.5

 
51.6

 
155.0

 
268.2

 

 
552.3

Midstream services—related parties
18.7

 
410.4

 
241.6

 
151.1

 
(133.6
)
 
688.2

Cost of sales
(1,628.5
)
 
(264.5
)
 
(523.0
)
 
(2,800.9
)
 
855.4

 
(4,361.5
)
Operating expenses
(85.1
)
 
(121.8
)
 
(64.6
)
 
(147.2
)
 

 
(418.7
)
Loss on derivative activity

 

 

 

 
(4.2
)
 
(4.2
)
Segment profit (loss)
$
83.6

 
$
358.7

 
$
287.2

 
$
234.1

 
$
(4.2
)
 
$
959.4

Depreciation and amortization
$
(109.9
)
 
$
(127.0
)
 
$
(156.3
)
 
$
(141.7
)
 
$
(10.4
)
 
$
(545.3
)
Impairments
$

 
$

 
$

 
$
(17.1
)
 
$

 
$
(17.1
)
Goodwill
$
29.3

 
$
202.7

 
$
190.3

 
$

 
$
1,119.9

 
$
1,542.2

Capital expenditures
$
186.1

 
$
18.2

 
$
450.1

 
$
87.3

 
$
26.4

 
$
768.1



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,
 
2019
 
2018
 
2017
Segment profit
$
1,193.3

 
$
1,237.6

 
$
959.4

General and administrative expenses
(152.6
)
 
(140.3
)
 
(128.6
)
Gain (loss) on disposition of assets
1.9

 
(0.4
)
 

Depreciation and amortization
(617.0
)
 
(577.3
)
 
(545.3
)
Impairments
(1,133.5
)
 
(365.8
)
 
(17.1
)
Loss on secured term loan receivable
(52.9
)
 

 

Gain on litigation settlement

 

 
26.0

Operating income (loss)
$
(760.8
)
 
$
153.8

 
$
294.4


Schedule of Segment Assets
The table below represents information about segment assets (in millions):
Segment Identifiable Assets:
 
December 31, 2019
 
December 31, 2018
Permian
 
$
2,465.7

 
$
2,096.8

North Texas
 
1,135.8

 
1,308.2

Oklahoma
 
3,035.0

 
3,209.5

Louisiana
 
2,562.0

 
2,734.5

Corporate
 
137.3

 
1,345.1

Total identifiable assets
 
$
9,335.8

 
$
10,694.1