XML 39 R32.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Condensed Consolidating Financial Information (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2013
Condensed Consolidating Financial Information [Abstract] |
Condensed Consolidating Balance Sheet | The following is condensed consolidating financial information for Genesis Energy, L.P., the guarantor subsidiaries and the non-guarantor subsidiaries. Unaudited Condensed Consolidating Balance Sheet March 31, 2013
| Genesis Energy, L.P. (Parent and Co-Issuer) |  | Genesis Energy Finance Corporation (Co-Issuer) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Genesis Energy, L.P. Consolidated
ASSETS |  |  |  |  |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 5 |  |  | $ | — |  |  | $ | 15,836 |  |  | $ | 142 |  |  | $ | — |  |  | $ | 15,983 |
Other current assets | 857,903 |  |  | — |  |  | 434,548 |  |  | 50,483 |  |  | (876,660 | ) |  | 466,274 |
Total current assets | 857,908 |  |  | — |  |  | 450,384 |  |  | 50,625 |  |  | (876,660 | ) |  | 482,257 |
Fixed assets, at cost | — |  |  | — |  |  | 648,992 |  |  | 110,900 |  |  | — |  |  | 759,892 |
Less: Accumulated depreciation | — |  |  | — |  |  | (154,184 | ) |  | (13,963 | ) |  | — |  |  | (168,147 | )
Net fixed assets | — |  |  | — |  |  | 494,808 |  |  | 96,937 |  |  | — |  |  | 591,745 |
Goodwill | — |  |  | — |  |  | 325,046 |  |  | — |  |  | — |  |  | 325,046 |
Other assets, net | 24,842 |  |  | — |  |  | 249,576 |  |  | 156,352 |  |  | (162,611 | ) |  | 268,159 |
Equity investees |  |  | — |  |  | 608,076 |  |  | — |  |  | — |  |  | 608,076 |
Investments in subsidiaries | 1,001,279 |  |  | — |  |  | 105,378 |  |  | — |  |  | (1,106,657 | ) |  | — |
Total assets | $ | 1,884,029 |  |  | $ | — |  |  | $ | 2,233,268 |  |  | $ | 303,914 |  |  | $ | (2,145,928 | ) |  | $ | 2,275,283 |
LIABILITIES AND PARTNERS’ CAPITAL |  |  |  |  |  |  |  |  |  |  |
Current liabilities | $ | 12,213 |  |  | $ | — |  |  | $ | 1,204,308 |  |  | $ | 33,681 |  |  | $ | (876,823 | ) |  | $ | 373,379 |
Senior secured credit facility | 271,000 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 271,000 |
Senior unsecured notes | 700,865 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 700,865 |
Deferred tax liabilities | — |  |  | — |  |  | 13,488 |  |  | — |  |  | — |  |  | 13,488 |
Other liabilities | — |  |  | — |  |  | 13,249 |  |  | 165,780 |  |  | (162,429 | ) |  | 16,600 |
Total liabilities | 984,078 |  |  | — |  |  | 1,231,045 |  |  | 199,461 |  |  | (1,039,252 | ) |  | 1,375,332 |
Partners’ capital | 899,951 |  |  | — |  |  | 1,002,223 |  |  | 104,453 |  |  | (1,106,676 | ) |  | 899,951 |
Total liabilities and partners’ capital | $ | 1,884,029 |  |  | $ | — |  |  | $ | 2,233,268 |  |  | $ | 303,914 |  |  | $ | (2,145,928 | ) |  | $ | 2,275,283 |
Unaudited Condensed Consolidating Balance Sheet December 31, 2012
| Genesis Energy, L.P. (Parent and Co-Issuer) |  | Genesis Energy Finance Corporation (Co-Issuer) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Genesis Energy, L.P. Consolidated
ASSETS |  |  |  |  |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 10 |  |  | $ | — |  |  | $ | 11,214 |  |  | $ | 58 |  |  | $ | — |  |  | $ | 11,282 |
Other current assets | 745,589 |  |  | — |  |  | 367,837 |  |  | 41,533 |  |  | (762,207 | ) |  | 392,752 |
Total current assets | 745,599 |  |  | — |  |  | 379,051 |  |  | 41,591 |  |  | (762,207 | ) |  | 404,034 |
Fixed assets, at cost | — |  |  | — |  |  | 617,519 |  |  | 105,706 |  |  | — |  |  | 723,225 |
Less: Accumulated depreciation | — |  |  | — |  |  | (144,882 | ) |  | (13,062 | ) |  | — |  |  | (157,944 | )
Net fixed assets | — |  |  | — |  |  | 472,637 |  |  | 92,644 |  |  | — |  |  | 565,281 |
Goodwill | — |  |  | — |  |  | 325,046 |  |  | — |  |  | — |  |  | 325,046 |
Other assets, net | 17,737 |  |  | — |  |  | 254,423 |  |  | 157,604 |  |  | (163,696 | ) |  | 266,068 |
Equity investees | — |  |  | — |  |  | 549,235 |  |  | — |  |  | — |  |  | 549,235 |
Investments in subsidiaries | 1,006,415 |  |  | — |  |  | 102,707 |  |  | — |  |  | (1,109,122 | ) |  | — |
Total assets | $ | 1,769,751 |  |  | $ | — |  |  | $ | 2,083,099 |  |  | $ | 291,839 |  |  | $ | (2,035,025 | ) |  | $ | 2,109,664 |
LIABILITIES AND PARTNERS’ CAPITAL |  |  |  |  |  |  |  |  |  |  |
Current liabilities | $ | 2,361 |  |  | $ | — |  |  | $ | 1,048,937 |  |  | $ | 23,567 |  |  | $ | (762,214 | ) |  | $ | 312,651 |
Senior secured credit facility | 500,000 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 500,000 |
Senior unsecured notes | 350,895 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 350,895 |
Deferred tax liabilities | — |  |  | — |  |  | 13,810 |  |  | — |  |  | — |  |  | 13,810 |
Other liabilities | — |  |  | — |  |  | 13,044 |  |  | 166,282 |  |  | (163,513 | ) |  | 15,813 |
Total liabilities | 853,256 |  |  | — |  |  | 1,075,791 |  |  | 189,849 |  |  | (925,727 | ) |  | 1,193,169 |
Partners’ capital | 916,495 |  |  | — |  |  | 1,007,308 |  |  | 101,990 |  |  | (1,109,298 | ) |  | 916,495 |
Total liabilities and partners’ capital | $ | 1,769,751 |  |  | $ | — |  |  | $ | 2,083,099 |  |  | $ | 291,839 |  |  | $ | (2,035,025 | ) |  | $ | 2,109,664 |
Condensed Consolidating Statement Of Operations | Unaudited Condensed Consolidating Statement of Operations Three Months Ended March 31, 2013
| Genesis Energy, L.P. (Parent and Co-Issuer) |  | Genesis Energy Finance Corporation (Co-Issuer) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Genesis Energy, L.P. Consolidated
REVENUES: |  |  |  |  |  |  |  |  |  |  |
Supply and logistics | $ | — |  |  | $ | — |  |  | $ | 1,070,489 |  |  | $ | 38,945 |  |  | $ | (32,483 | ) |  | $ | 1,076,951 |
Refinery services | — |  |  | — |  |  | 47,767 |  |  | 5,563 |  |  | (3,846 | ) |  | 49,484 |
Pipeline transportation services | — |  |  | — |  |  | 14,126 |  |  | 6,653 |  |  | — |  |  | 20,779 |
Total revenues | — |  |  | — |  |  | 1,132,382 |  |  | 51,161 |  |  | (36,329 | ) |  | 1,147,214 |
COSTS AND EXPENSES: |  |  |  |  |  |  |  |  |  |  |
Supply and logistics costs | — |  |  | — |  |  | 1,048,931 |  |  | 34,291 |  |  | (32,483 | ) |  | 1,050,739 |
Refinery services operating costs | — |  |  | — |  |  | 31,167 |  |  | 5,282 |  |  | (4,006 | ) |  | 32,443 |
Pipeline transportation operating costs | — |  |  | — |  |  | 6,754 |  |  | 330 |  |  | — |  |  | 7,084 |
General and administrative | — |  |  | — |  |  | 11,714 |  |  | 33 |  |  | — |  |  | 11,747 |
Depreciation and amortization | — |  |  | — |  |  | 14,151 |  |  | 902 |  |  | — |  |  | 15,053 |
Total costs and expenses | — |  |  | — |  |  | 1,112,717 |  |  | 40,838 |  |  | (36,489 | ) |  | 1,117,066 |
OPERATING INCOME | — |  |  | — |  |  | 19,665 |  |  | 10,323 |  |  | 160 |  |  | 30,148 |
Equity in earnings of subsidiaries | 34,252 |  |  | — |  |  | 6,238 |  |  | — |  |  | (40,490 | ) |  | — |
Equity in earnings of equity investees | — |  |  | — |  |  | 3,936 |  |  | — |  |  | — |  |  | 3,936 |
Interest (expense) income, net | (11,406 | ) |  | — |  |  | 4,047 |  |  | (4,082 | ) |  | — |  |  | (11,441 | )
Income before income taxes | 22,846 |  |  | — |  |  | 33,886 |  |  | 6,241 |  |  | (40,330 | ) |  | 22,643 |
Income tax benefit (expense) | — |  |  | — |  |  | 257 |  |  | (54 | ) |  | — |  |  | 203 |
NET INCOME | $ | 22,846 |  |  | $ | — |  |  | $ | 34,143 |  |  | $ | 6,187 |  |  | $ | (40,330 | ) |  | $ | 22,846 |
Unaudited Condensed Consolidating Statement of Operations Three Months Ended March 31, 2012
| Genesis Energy, L.P. (Parent and Co-Issuer) |  | Genesis Energy Finance Corporation (Co-Issuer) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Genesis Energy, L.P. Consolidated
REVENUES: |  |  |  |  |  |  |  |  |  |  |
Supply and logistics | $ | — |  |  | $ | — |  |  | $ | 887,681 |  |  | $ | 32,179 |  |  | $ | (26,597 | ) |  | $ | 893,263 |
Refinery services | — |  |  | — |  |  | 48,596 |  |  | 2,645 |  |  | (3,196 | ) |  | 48,045 |
Pipeline transportation services | — |  |  | — |  |  | 12,916 |  |  | 6,493 |  |  | — |  |  | 19,409 |
Total revenues | — |  |  | — |  |  | 949,193 |  |  | 41,317 |  |  | (29,793 | ) |  | 960,717 |
COSTS AND EXPENSES: |  |  |  |  |  |  |  |  |  |  |
Supply and logistics costs | — |  |  | — |  |  | 871,642 |  |  | 28,740 |  |  | (26,597 | ) |  | 873,785 |
Refinery services operating costs | — |  |  | — |  |  | 30,641 |  |  | 3,049 |  |  | (2,911 | ) |  | 30,779 |
Pipeline transportation operating costs | — |  |  | — |  |  | 4,834 |  |  | 218 |  |  | — |  |  | 5,052 |
General and administrative | — |  |  | — |  |  | 9,562 |  |  | 30 |  |  | — |  |  | 9,592 |
Depreciation and amortization | — |  |  | — |  |  | 13,887 |  |  | 892 |  |  | — |  |  | 14,779 |
Total costs and expenses | — |  |  | — |  |  | 930,566 |  |  | 32,929 |  |  | (29,508 | ) |  | 933,987 |
OPERATING INCOME | — |  |  | — |  |  | 18,627 |  |  | 8,388 |  |  | (285 | ) |  | 26,730 |
Equity in earnings of subsidiaries | 30,168 |  |  | — |  |  | 4,322 |  |  | — |  |  | (34,490 | ) |  | — |
Equity in earnings of equity investees | — |  |  | — |  |  | 3,492 |  |  | — |  |  | — |  |  | 3,492 |
Interest (expense) income, net | (10,564 | ) |  | — |  |  | 4,154 |  |  | (4,186 | ) |  | — |  |  | (10,596 | )
Income before income taxes | 19,604 |  |  | — |  |  | 30,595 |  |  | 4,202 |  |  | (34,775 | ) |  | 19,626 |
Income tax (expense) benefit | — |  |  | — |  |  | (95 | ) |  | 73 |  |  | — |  |  | (22 | )
NET INCOME | $ | 19,604 |  |  | $ | — |  |  | $ | 30,500 |  |  | $ | 4,275 |  |  | $ | (34,775 | ) |  | $ | 19,604 |
Condensed Consolidating Statements Of Cash Flows | Unaudited Condensed Consolidating Statement of Cash Flows Three Months Ended March 31, 2013
| Genesis Energy, L.P. (Parent and Co-Issuer) |  | Genesis Energy Finance Corporation (Co-Issuer) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Genesis Energy, L.P. Consolidated
Net cash (used in) provided by operating activities | $ | (73,458 | ) |  | $ | — |  |  | $ | 145,881 |  |  | $ | 9,500 |  |  | $ | (43,107 | ) |  | $ | 38,816 |
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |
Payments to acquire fixed and intangible assets | — |  |  | — |  |  | (41,950 | ) |  | (5,201 | ) |  | — |  |  | (47,151 | )
Cash distributions received from equity investees - return of investment | — |  |  | — |  |  | 3,583 |  |  | — |  |  |  |  |  | 3,583 |
Investments in equity investees | — |  |  | — |  |  | (64,534 | ) |  | — |  |  |  |  |  | (64,534 | )
Repayments on loan to non-guarantor subsidiary | — |  |  | — |  |  | 1,086 |  |  | — |  |  | (1,086 | ) |  | — |
Proceeds from asset sales | — |  |  | — |  |  | 332 |  |  | — |  |  | — |  |  | 332 |
Other, net | — |  |  | — |  |  | 749 |  |  | 6 |  |  | — |  |  | 755 |
Net cash used in investing activities | — |  |  | — |  |  | (100,734 | ) |  | (5,195 | ) |  | (1,086 | ) |  | (107,015 | )
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |
Borrowings on senior secured credit facility | 386,400 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 386,400 |
Repayments on senior secured credit facility | (615,400 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (615,400 | )
Proceeds from issuance of senior unsecured notes, including premium | 350,000 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 350,000 |
Debt issuance costs | (8,157 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (8,157 | )
Distributions to partners/owners | (39,390 | ) |  | — |  |  | (39,390 | ) |  | (3,727 | ) |  | 43,117 |  |  | (39,390 | )
Other, net | — |  |  | — |  |  | (1,135 | ) |  | (494 | ) |  | 1,076 |  |  | (553 | )
Net cash provided by (used in) financing activities | 73,453 |  |  | — |  |  | (40,525 | ) |  | (4,221 | ) |  | 44,193 |  |  | 72,900 |
Net (decrease) increase in cash and cash equivalents | (5 | ) |  | — |  |  | 4,622 |  |  | 84 |  |  | — |  |  | 4,701 |
Cash and cash equivalents at beginning of period | 10 |  |  | — |  |  | 11,214 |  |  | 58 |  |  | — |  |  | 11,282 |
Cash and cash equivalents at end of period | $ | 5 |  |  | $ | — |  |  | $ | 15,836 |  |  | $ | 142 |  |  | $ | — |  |  | $ | 15,983 |
Unaudited Condensed Consolidating Statement of Cash Flows Three Months Ended March 31, 2012
| Genesis Energy, L.P. (Parent and Co-Issuer) |  | Genesis Energy Finance Corporation (Co-Issuer) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Genesis Energy, L.P. Consolidated
Net cash (used in) provided by operating activities | $ | (110,241 | ) |  | $ | — |  |  | $ | 147,523 |  |  | $ | 3,207 |  |  | $ | (20,567 | ) |  | $ | 19,922 |
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |
Payments to acquire fixed and intangible assets | — |  |  | — |  |  | (47,228 | ) |  | (245 | ) |  | — |  |  | (47,473 | )
Cash distributions received from equity investees - return of investment | 14,602 |  |  | — |  |  | 4,314 |  |  | — |  |  | (14,602 | ) |  | 4,314 |
Investments in equity investees | (169,524 | ) |  | — |  |  | (33,860 | ) |  | — |  |  | 169,842 |  |  | (33,542 | )
Acquisitions | — |  |  | — |  |  | (205,576 | ) |  | — |  |  | — |  |  | (205,576 | )
Repayments on loan to non-guarantor subsidiary | — |  |  | — |  |  | 981 |  |  | — |  |  | (981 | ) |  | — |
Proceeds from asset sales | — |  |  | — |  |  | 359 |  |  | — |  |  | — |  |  | 359 |
Other, net | — |  |  | — |  |  | 221 |  |  | (318 | ) |  | — |  |  | (97 | )
Net cash used in investing activities | (154,922 | ) |  | — |  |  | (280,789 | ) |  | (563 | ) |  | 154,259 |  |  | (282,015 | )
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |
Borrowings on senior secured credit facility | 509,200 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 509,200 |
Repayments on senior secured credit facility | (480,300 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (480,300 | )
Proceeds from issuance of senior unsecured notes, including premium | 101,000 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 101,000 |
Debt issuance costs | (2,584 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (2,584 | )
Distributions to partners/owners | (31,677 | ) |  | — |  |  | (31,677 | ) |  | (3,182 | ) |  | 34,859 |  |  | (31,677 | )
Issuance of common units for cash, net | 169,524 |  |  | — |  |  | 169,524 |  |  | — |  |  | (169,524 | ) |  | 169,524 |
Other, net | — |  |  | — |  |  | 122 |  |  | (658 | ) |  | 973 |  |  | 437 |
Net cash provided by (used in) financing activities | 265,163 |  |  | — |  |  | 137,969 |  |  | (3,840 | ) |  | (133,692 | ) |  | 265,600 |
Net increase (decrease) in cash and cash equivalents | — |  |  | — |  |  | 4,703 |  |  | (1,196 | ) |  | — |  |  | 3,507 |
Cash and cash equivalents at beginning of period | 3 |  |  | — |  |  | 9,182 |  |  | 1,632 |  |  | — |  |  | 10,817 |
Cash and cash equivalents at end of period | $ | 3 |  |  | $ | — |  |  | $ | 13,885 |  |  | $ | 436 |  |  | $ | — |  |  | $ | 14,324 |

X
- Details
Name: | gel_CondensedConsolidatingFinancialInformationAbstract
Namespace Prefix: | gel_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of condensed consolidating balance sheet table text block + References No definition available. + Details
Name: | gel_ScheduleOfCondensedConsolidatingBalanceSheetTableTextBlock
Namespace Prefix: | gel_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of condensed consolidating statements of cash flow table text block + References No definition available. + Details
Name: | gel_ScheduleOfCondensedConsolidatingStatementsOfCashFlowTableTextBlock
Namespace Prefix: | gel_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of condensed consolidating statements of income table text block + References No definition available. + Details
Name: | gel_ScheduleOfCondensedConsolidatingStatementsOfIncomeTableTextBlock
Namespace Prefix: | gel_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration