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Acquisition (Tables) | 9 Months Ended
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Sep. 30, 2015
Enterprise Offshore Acquisition |
Business Acquisition [Line Items] |
Schedule of Purchase Price Allocation | The allocation of the purchase price, as presented on our Consolidated Balance Sheet, is summarized as follows:
Cash | $ | 1,087 |
Accounts receivable | 28,783 |
Inventories | 600 |
Other current assets | 3,504 |
Fixed assets | 1,229,807 |
Intangible assets | 79,416 |
Equity investees | 353,841 |
Accounts payable | (6,464 | )
Accrued liabilities | (15,017 | )
Other long-term liabilities | (163,513 | )
Noncontrolling interest | 6,471 |
Total purchase price | $ | 1,518,515 |
Selected Financial Information | The following table presents selected financial information included in our Consolidated Financial Statements for the periods presented:
| Three Months Ended September 30, 2015 |  | Nine Months Ended September 30, 2015
Revenues | $ | 44,713 |  |  | $ | 44,713 |
Net income | $ | 24,471 |  |  | $ | 24,471 |
Schedule of Pro Forma Financial Information | The table below presents selected unaudited pro forma financial information incorporating the historical results of our newly acquired offshore pipeline transportation assets. The pro forma financial information below has been prepared as if the acquisition had been completed on January 1, 2014 and is based upon assumptions deemed appropriate by us and may not be indicative of actual results. This pro forma information was prepared using historical financial data of the Enterprise offshore pipelines and services businesses and reflects certain estimates and assumptions made by our management. Our unaudited pro forma financial information is not necessarily indicative of what our consolidated financial results would have been had the Enterprise acquisition been completed on January 1, 2014.
| Three Months Ended September 30, |  | Nine Months Ended September 30,
Pro forma consolidated financial operating results: | 2015 |  | 2014 |  | 2015 |  | 2014
Revenues | $ | 590,994 |  |  | $ | 1,049,349 |  |  | $ | 1,930,978 |  |  | $ | 3,205,331 |
Net Income Attributable to Genesis Energy L.P. | $ | 372,548 |  |  | $ | 38,573 |  |  | $ | 392,988 |  |  | $ | 91,466 |
Basic and diluted earnings per unit: |  |  |  |  |  |  |
As reported net income per unit | $ | 3.38 |  |  | $ | 0.33 |  |  | 3.93 |  |  | $ | 0.90 |
Pro forma net income per unit | $ | 3.39 |  |  | $ | 0.39 |  |  | $ | 3.63 |  |  | $ | 0.92 |
American Phoenix Acquisition [Member] |
Business Acquisition [Line Items] |
Schedule of Purchase Price Allocation | The allocation of the purchase price, as presented on our Consolidated Balance Sheet, is summarized as follows:
Property and equipment | $ | 125,000 |
Intangible assets | 32,000 |
Total purchase price | $ | 157,000 |
Selected Financial Information | The following table presents selected financial information included in our Consolidated Financial Statements for the periods presented:
| Three Months Ended September 30, 2015 |  | Nine Months Ended September 30, 2015
Revenues | $ | 5,637 |  |  | $ | 16,859 |
Net income | $ | 1,381 |  |  | $ | 4,052 |
Schedule of Pro Forma Financial Information | The table below presents selected unaudited pro forma financial information incorporating the historical results of our M/T American Phoenix. The pro forma financial information below has been prepared as if the acquisition had been completed on January 1, 2014 and is based upon assumptions deemed appropriate by us and may not be indicative of actual results. Depreciation expense for the fixed assets acquired is calculated on a straight-line basis over an estimated useful life of approximately 30 years.
| Three Months Ended September 30, 2014 |  | Nine Months Ended September 30, 2014
Pro forma consolidated financial operating results: |  |  |
Revenues | $ | 969,127 |  |  | $ | 3,013,597 |
Net Income | $ | 30,471 |  |  | $ | 84,022 |

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