(12) Segment Information

9 Months Ended

Sep. 30, 2013

Notes

(12) Segment Information

(12) Segment Information

Following our acquisitions of HIE and Texadian, we have four business segments, (i) natural gas and oil exploration and production, (ii) commodity transportation and marketing (iii) refining and (iv) retail. The retail segment is comprised of 31 retail locations that sell various refined products and merchandise to customers located across Oahu, Maui and Hawaii. Summarized financial information concerning reportable segments consists of the following (in thousands):

For the three months ended September 30, 2013:	Natural Gas and Oil Exploration and Production	Commodity Transportation  and Marketing	Refining	Retail	Trust Litigation and Settlements	Total
Sales and operating revenues	$2,182	$4,598	$26,133	$2,472	—	$35.385
Operating income	648	1,952	405	494	(549)	2,950
Loss from unconsolidated affiliate	(907)	—	—	—	—	(907)
Capital expenditures	37	—	—	—	—	37
Capital additions from acquisitions*	—	—	101,103	4,670	—	105,773
Depreciation, depletion, amortization and accretion	519	599	96	—	—	1,214

For the nine months ended September 30, 2013:	Natural Gas  and Oil Exploration and Production	Commodity Transportation and Marketing	Refining	Retail	Trust Litigation and Settlements	Total
Sales and operating revenues	$5,988	$100,355	$26,133	$2,472	$—	$134,948
Operating income (loss)	483	13,773	405	494	(5,713)	9,442
Loss from unconsolidated affiliate	(1,773)	—	—	—	—	(1,773)
Capital expenditures	128	—	—	—	—	128
Capital additions from acquisitions*	—	—	101,103	4,670	—	105,773
Depreciation, depletion, amortization and accretion	1,291	1,631	96	—	—	3,018

* Includes only amounts capitalized as property, plant and equipment from the acquisition of HIE.

At September 30, 2013, our reportable segment assets consisted of the following (in thousands):

	Natural Gas  and Oil Exploration and Production	Commodity Transportation  and Marketing	Refining	Retail	Trust Litigation and Settlements	Total
Current assets	3,273	$33,847	489,056	6,441	$720	533,337
Property and equipment, net	4,697	47	103,715	2,120	—	110,579
Investments in unconsolidated affiliates	102,923	—	—	—	—	102,923
Goodwill and other intangible assets, net	—	15,593	9,801	—	—	25,394
Other long term assets	9	—	17,132	—	—	17,141
Totals	110,902	$49,487	619,704	8,561	$720	789,374

Reconciliation of reportable segment assets to our consolidated totals is as follows (in thousands):

	September 30,  2013
Total assets for reportable segments	789,374
Cash and restricted cash not allocated to segments	33,064
Property and equipment	4,446
Prepaid expenses and other assets	1,230
Total assets	828,114

For the comparable periods in 2012, 100% of our activities were natural gas and oil exploration and production so no comparable segment information has been provided.