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Significant Accounting Policies (Tables)
6 Months Ended 12 Months Ended
Sep. 30, 2014
Mar. 31, 2014
Significant Accounting Policies    
Schedule of supplemental cash flow information

 

 

 

Three Months Ended

 

Six Months Ended

 

 

 

September 30,

 

September 30,

 

 

 

2014

 

2013

 

2014

 

2013

 

 

 

(in thousands)

 

Interest paid, exclusive of debt issuance costs and letter of credit fees

 

$

10,445

 

$

8,423

 

$

36,429

 

$

16,908

 

Income taxes paid

 

$

1,241

 

$

369

 

$

2,246

 

$

650

 

 

 

 

 

 

 

 

 

 

 

Value of common units issued in business combinations

 

$

 

$

80,619

 

$

 

$

80,619

 

 

 

 

 

 

Year Ended March 31,

 

 

 

2014

 

2013

 

2012

 

 

 

(in thousands)

 

Interest paid, exclusive of debt issuance costs and letter of credit fees

 

$

31,827

 

$

27,384

 

$

4,966

 

Income taxes paid

 

$

1,639

 

$

1,027

 

$

430

 

Schedule of accounts receivable  

 

 

 

 

March 31, 2014

 

March 31, 2013

 

 

 

 

 

 

 

Gross

 

 

 

 

 

Gross

 

Allowance for

 

Receivable

 

Allowance for

 

Segment

 

Receivable

 

Doubtful Accounts

 

(Note 2)

 

Doubtful Accounts

 

 

 

(in thousands)

 

Crude oil logistics

 

$

411,090

 

$

105

 

$

360,589

 

$

11

 

Water solutions

 

25,700

 

405

 

9,618

 

29

 

Liquids

 

192,529

 

617

 

144,267

 

76

 

Retail propane

 

75,606

 

1,667

 

49,233

 

1,644

 

Refined products

 

105,670

 

 

 

 

Renewables

 

54,466

 

 

 

 

Other

 

38,665

 

28

 

810

 

 

 

 

$

903,726

 

$

2,822

 

$

564,517

 

$

1,760

 

Schedule of changes in the allowance for doubtful accounts  

 

 

 

 

Year Ended March 31,

 

 

 

2014

 

2013

 

2012

 

 

 

(in thousands)

 

Allowance for doubtful accounts, beginning of period

 

$

1,760

 

$

818

 

$

161

 

Provision for doubtful accounts

 

2,172

 

1,315

 

1,049

 

Write off of uncollectible accounts

 

(1,110

)

(373

)

(392

)

Allowance for doubtful accounts, end of period

 

$

2,822

 

$

1,760

 

$

818

 

Schedule of inventories

 

 

 

 

September 30,

 

March 31,

 

 

 

2014

 

2014

 

 

 

(in thousands)

 

Crude oil

 

$

136,722

 

$

156,473

 

Natural gas liquids —

 

 

 

 

 

Propane

 

207,694

 

85,159

 

Butane

 

84,822

 

15,106

 

Other

 

27,091

 

3,945

 

Refined products —

 

 

 

 

 

Gasoline

 

219,111

 

15,597

 

Diesel

 

214,567

 

7,298

 

Other

 

3,675

 

314

 

Renewables

 

36,517

 

11,778

 

Other

 

11,390

 

14,490

 

Total

 

$

941,589

 

$

310,160

 

 

 

 

 

March 31,

 

 

 

2014

 

2013

 

 

 

(in thousands)

 

Crude oil

 

$

156,473

 

$

46,156

 

Natural gas liquids —

 

 

 

 

 

Propane

 

85,159

 

45,428

 

Butane and other

 

19,051

 

24,090

 

Refined products

 

23,209

 

 

Renewables

 

11,778

 

 

Other

 

14,490

 

11,221

 

 

 

$

310,160

 

$

126,895

 

Schedule of accrued expenses and other payables

 

 

 

 

September 30,

 

March 31,

 

 

 

2014

 

2014

 

 

 

(in thousands)

 

Accrued compensation and benefits

 

$

49,146

 

$

45,006

 

Derivative liabilities

 

39,023

 

42,214

 

Product exchange liabilities

 

43,185

 

3,719

 

Accrued interest

 

23,945

 

18,668

 

Income and other tax liabilities

 

38,255

 

13,421

 

Other

 

24,928

 

18,662

 

Total

 

$

218,482

 

$

141,690

 

 

 

 

 

 

March 31,

 

 

 

 

 

2013

 

 

 

2014

 

(Note 4)

 

 

 

(in thousands)

 

Accrued compensation and benefits

 

$

45,006

 

$

27,252

 

Derivative liabilities

 

42,214

 

12,701

 

Income and other tax liabilities

 

13,421

 

22,659

 

Product exchange liabilities

 

3,719

 

6,741

 

Other

 

37,330

 

16,253

 

 

 

$

141,690

 

$

85,606