XML 74 R36.htm IDEA: XBRL DOCUMENT v3.19.1
Segment Data (Tables)
3 Months Ended
Mar. 31, 2019
Segment Reporting [Abstract]  
Schedule of Business Segment Operating Performance The following is a summary of business segment operating performance as measured by contribution margin for the period indicated (in millions):
 
 
Three Months Ended March 31, 2019
(In millions)
 
Refining
 
Logistics
 
Retail
 
Corporate,
Other and Eliminations
 
Consolidated
Net revenues (excluding intercompany fees and sales)
 
$
1,907.4

 
$
89.6

 
$
197.2

 
$
5.7

 
$
2,199.9

Intercompany fees and sales 
 
184.6

 
62.9

 

 
(247.5
)
 

Operating costs and expenses:
 
 
 
 
 
 
 
 
 
 
Cost of materials and other
 
1,676.7

 
96.3

 
163.4

 
(237.0
)
 
1,699.4

Operating expenses (excluding depreciation and amortization presented below)
 
121.0

 
16.1

 
23.6

 
6.0

 
166.7

Segment contribution margin
 
$
294.3

 
$
40.1

 
$
10.2

 
$
(10.8
)
 
333.8

Depreciation and amortization
 
31.1

 
6.5

 
4.3

 
4.9

 
46.8

General and administrative expenses
 
 
 
 
 
 
 
 
 
62.2

Other operating expense, net
 
 
 
 
 
 
 
 
 
2.4

Operating income
 
 
 
 
 
 
 
 
 
$
222.4

Total assets
 
$
6,607.2

 
$
640.2

 
$
339.0

 
$
(1,214.6
)
 
$
6,371.8

Capital spending (excluding business combinations)
 
$
81.7

 
$
0.9

 
$
5.1

 
$
40.7

 
$
128.4


 
 
 
 
 
 
 
 
 
 
 

 
 
Three Months Ended March 31, 2018
 
 
Refining
 
Logistics
 
Retail
 
Corporate,
Other and Eliminations
 
 
Consolidated
Net revenues (excluding intercompany fees and sales)
 
$
1,942.8

 
$
106.3

 
$
209.6

 
$
94.5

 
$
2,353.2

Intercompany fees and sales
 
183.1

 
61.6

 

 
(244.7
)
 

Operating costs and expenses:
 
 
 
 
 
 
 
 
 
 
Cost of materials and other
 
1,878.0

 
119.0

 
173.2

 
(127.4
)
 
2,042.8

Operating expenses (excluding depreciation and amortization presented below)
 
114.7

 
12.6

 
24.5

 
6.3

 
158.1

Segment contribution margin
 
$
133.2

 
$
36.3

 
$
11.9

 
$
(29.1
)
 
152.3

Depreciation and amortization
 
32.2

 
6.0

 
6.9

 
2.9

 
48.0

General and administrative expenses
 
 
 
 
 
 
 
 
 
65.2

Other operating expense, net
 
 
 
 
 
 
 
 
 
0.3

Operating income
 
 
 
 
 
 
 
 
 
$
38.8

Total assets (1)
 
$
5,565.8

 
$
665.9

 
$
325.9

 
$
(472.9
)
 
$
6,084.7

Capital spending (excluding business combinations) (2)
 
$
51.5

 
$
2.2

 
$
2.0

 
$
14.4

 
$
70.1

 
 
 
 
 
 
 
 
 
 
 

(1) 
Assets held for sale of $120.7 million are included in the corporate, other and eliminations segment as of March 31, 2018.
(2) 
Capital spending excludes transaction costs capitalized in the amount of $0.4 million during the three months ended March 31, 2018, that relate to the Big Spring Logistic Assets Acquisition (as defined in Note 5).