XML 75 R49.htm IDEA: XBRL DOCUMENT v3.7.0.1
Segment Information (Tables)
12 Months Ended
Dec. 31, 2016
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
Summarized financial information concerning reportable segments consists of the following (in thousands):
For the year ended December 31, 2016
 
Refining
 
Logistics
 
Retail
 
Texadian
 
Corporate, Eliminations and Other (1)
 
Total
Revenues
 
$
1,702,463

 
$
102,779

 
$
290,402

 
$
41,064

 
$
(271,663
)
 
$
1,865,045

Cost of revenues (excluding depreciation)
 
1,580,014

 
65,439

 
220,545

 
42,079

 
(271,738
)
 
1,636,339

Operating expense (excluding depreciation)
 
112,724

 
11,239

 
41,291

 

 
815

 
166,069

Lease operating expenses
 

 

 

 

 
147

 
147

Depreciation, depletion and amortization
 
17,565

 
4,679

 
6,372

 
667

 
2,334

 
31,617

General and administrative expense
 

 

 

 

 
42,073

 
42,073

Acquisition and integration costs
 

 

 

 

 
5,294

 
5,294

Operating income (loss)
 
$
(7,840
)
 
$
21,422

 
$
22,194

 
$
(1,682
)
 
$
(50,588
)
 
$
(16,494
)
Interest expense and financing costs, net
 
 
 
 
 
 
 
 
 
 
 
(28,506
)
Other expense, net
 
 
 
 
 
 
 
 
 
 
 
(98
)
Change in value of common stock warrants
 
 
 
 
 
 
 
 
 
 
 
2,962

Change in value of contingent consideration
 
 
 
 
 
 
 
 
 
 
 
10,770

Equity losses from Laramie Energy, LLC
 
 
 
 
 
 
 
 
 
 
 
(22,381
)
Loss before income taxes
 
 
 
 
 
 
 
 
 
 
 
(53,747
)
Income tax benefit
 
 
 
 
 
 
 
 
 
 
 
7,912

Net loss
 
 
 
 
 
 
 
 
 
 
 
$
(45,835
)
 
 
 
 
 
 
 
 
 
 
 
 


Total assets
 
$
772,438

 
$
120,443

 
$
122,570

 
$
5,339

 
$
124,643

 
$
1,145,433

Goodwill
 
53,037

 
36,145

 
16,550

 

 

 
105,732

Capital expenditures
 
15,106

 
1,344

 
4,375

 

 
4,008

 
24,833

________________________________________________________ 
(1)
Includes eliminations of intersegment revenues and cost of revenues of $271.9 million for the year ended December 31, 2016.

For the year ended December 31, 2015
 
Refining
 
Logistics
 
Retail
 
Texadian
 
Corporate, Eliminations and Other (1)
 
Total
Revenues
 
$
1,895,662

 
$
82,671

 
$
283,507

 
$
132,472

 
$
(327,975
)
 
$
2,066,337

Cost of revenues (excluding depreciation)
 
1,718,729

 
48,660

 
215,194

 
134,780

 
(329,995
)
 
1,787,368

Operating expense (excluding depreciation)
 
95,588

 
5,433

 
35,317

 

 

 
136,338

Lease operating expenses
 

 

 

 

 
5,283

 
5,283

Depreciation, depletion and amortization
 
9,522

 
3,117

 
5,421

 
854

 
1,004

 
19,918

Impairment expense
 

 

 

 
9,639

 

 
9,639

General and administrative expense
 

 

 

 

 
44,271

 
44,271

Acquisition and integration costs
 

 

 

 

 
2,006

 
2,006

Operating income (loss)
 
$
71,823

 
$
25,461

 
$
27,575

 
$
(12,801
)
 
$
(50,544
)
 
$
61,514

Interest expense and financing costs, net
 
 
 
 
 
 
 
 
 
 
 
(20,156
)
Loss on termination of financing agreements
 
 
 
 
 
 
 
 
 
 
 
(19,669
)
Other expense, net
 
 
 
 
 
 
 
 
 
 
 
(291
)
Change in value of common stock warrants
 
 
 
 
 
 
 
 
 
 
 
(3,664
)
Change in value of contingent consideration
 
 
 
 
 
 
 
 
 
 
 
(18,450
)
Equity losses from Laramie Energy, LLC
 
 
 
 
 
 
 
 
 
 
 
(55,983
)
Loss before income taxes
 
 
 
 
 
 
 
 
 
 
 
(56,699
)
Income tax benefit
 
 
 
 
 
 
 
 
 
 
 
16,788

Net loss
 
 
 
 
 
 
 
 
 
 
 
$
(39,911
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Total assets
 
$
516,482

 
$
53,158

 
$
115,544

 
$
29,929

 
$
177,148

 
$
892,261

Goodwill
 
13,765

 
11,012

 
16,550

 

 

 
41,327

Capital expenditures
 
8,573

 
6,089

 
3,643

 
108

 
3,932

 
22,345

________________________________________________________ 
(1)
Includes eliminations of intersegment revenues and cost of revenues of $330.0 million for the year ended December 31, 2015.
For the year ended December 31, 2014
 
Refining
 
Logistics
 
Retail
 
Texadian
 
Corporate, Eliminations and Other (1)
 
Total
Revenues
 
$
2,816,667

 
$
70,457

 
$
231,673

 
$
189,160

 
$
(199,932
)
 
$
3,108,025

Cost of revenues (excluding depreciation)
 
2,732,817

 
39,910

 
187,150

 
183,511

 
(205,916
)
 
2,937,472

Operating expense (excluding depreciation)
 
111,261

 
4,524

 
25,115

 

 

 
140,900

Lease operating expenses
 

 

 

 

 
5,673

 
5,673

Depreciation, depletion and amortization
 
6,008

 
1,881

 
2,353

 
2,018

 
2,637

 
14,897

Gain on sale of assets, net
 

 

 

 

 
624

 
624

Trust litigation and settlements
 

 

 

 

 

 

General and administrative expense
 

 

 

 

 
34,304

 
34,304

Acquisition and integration costs
 

 

 

 

 
11,687

 
11,687

Operating (income) loss
 
$
(33,419
)
 
$
24,142

 
$
17,055

 
$
3,631

 
$
(48,941
)
 
$
(37,532
)
Interest expense and financing costs, net
 
 
 
 
 
 
 
 
 
 
 
(17,995
)
Loss on termination of financing agreements
 
 
 
 
 
 
 
 
 
 
 
(1,788
)
Other income, net
 
 
 
 
 
 
 
 
 
 
 
(312
)
Change in value of common stock warrants
 
 
 
 
 
 
 
 
 
 
 
4,433

Change in value of contingent consideration
 
 
 
 
 
 
 
 
 
 
 
2,849

Equity earnings from Laramie Energy, LLC
 
 
 
 
 
 
 
 
 
 
 
2,849

Loss before income taxes
 
 
 
 
 
 
 
 
 
 
 
(47,496
)
Income tax benefit
 
 
 
 
 
 
 
 
 
 
 
455

Net loss
 
 
 
 
 
 
 
 
 
 
 
$
(47,041
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Total assets
 
$
396,760

 
$
19,070

 
$
42,389

 
$
87,695

 
$
189,322

 
$
735,236

Goodwill
 

 

 
13,796

 
6,990

 

 
20,786

Capital expenditures
 
8,720

 
3,259

 
487

 
300

 
1,534

 
14,300


________________________________________________________ 
(1)
Includes eliminations of intersegment revenues and cost of revenues of $205.9 million for the year ended December 31, 2014.