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Condensed Consolidating Financial Information | 3 Months Ended
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Mar. 31, 2015
Condensed Consolidating Financial Information [Abstract] |
Condensed Consolidating Financial Information | 16. Condensed Consolidating Financial Information Our $1.05 billion aggregate principal amount of senior unsecured notes co-issued by Genesis Energy, L.P. and Genesis Energy Finance Corporation are fully and unconditionally guaranteed jointly and severally by all of Genesis Energy, L.P.’s current and future 100% owned domestic subsidiaries, except Genesis Free State Pipeline, LLC, Genesis NEJD Pipeline, LLC and certain other minor subsidiaries. Genesis NEJD Pipeline, LLC is 100% owned by Genesis Energy, L.P., the parent company. The remaining non-guarantor subsidiaries are owned by Genesis Crude Oil, L.P., a guarantor subsidiary. Genesis Energy Finance Corporation has no independent assets or operations. See Note 8 for additional information regarding our consolidated debt obligations. During the second quarter of 2015, the Company took actions related to certain non-guarantor subsidiaries that resulted in these subsidiaries previously categorized as non-guarantor becoming wholly owned guarantor subsidiaries. The changes made to guarantor subsidiaries did not impact the Company's previously reported consolidated revenues, operating income or net income. The condensed consolidating balance sheet as of March 31, 2015 and December 31, 2014 and the condensed consolidating statements of operations and cash flows for the three months ended March 31, 2015 and 2014 have been retrospectively adjusted to reflect these updates to our guarantor subsidiaries. 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, 2015
| 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 | $ | 9 |  |  | $ | — |  |  | $ | 8,774 |  |  | $ | 2,355 |  |  | $ | — |  |  | $ | 11,138 |
Other current assets | 1,465,246 |  |  | — |  |  | 285,832 |  |  | 46,972 |  |  | (1,501,248 | ) |  | 296,802 |
Total current assets | 1,465,255 |  |  | — |  |  | 294,606 |  |  | 49,327 |  |  | (1,501,248 | ) |  | 307,940 |
Fixed assets, at cost | — |  |  | — |  |  | 1,941,764 |  |  | 75,475 |  |  | — |  |  | 2,017,239 |
Less: Accumulated depreciation | — |  |  | — |  |  | (269,565 | ) |  | (17,512 | ) |  | — |  |  | (287,077 | )
Net fixed assets | — |  |  | — |  |  | 1,672,199 |  |  | 57,963 |  |  | — |  |  | 1,730,162 |
Goodwill | — |  |  | — |  |  | 325,046 |  |  | — |  |  | — |  |  | 325,046 |
Other assets, net | 27,140 |  |  | — |  |  | 269,385 |  |  | 145,184 |  |  | (152,864 | ) |  | 288,845 |
Equity investees | — |  |  | — |  |  | 620,147 |  |  | — |  |  | — |  |  | 620,147 |
Investments in subsidiaries | 1,417,120 |  |  | — |  |  | 98,469 |  |  | — |  |  | (1,515,589 | ) |  | — |
Total assets | $ | 2,909,515 |  |  | $ | — |  |  | $ | 3,279,852 |  |  | $ | 252,474 |  |  | $ | (3,169,701 | ) |  | $ | 3,272,140 |
LIABILITIES AND PARTNERS’ CAPITAL |  |  |  |  |  |  |  |  |  |  |
Current liabilities | $ | 17,635 |  |  | $ | — |  |  | $ | 1,823,745 |  |  | $ | 2,604 |  |  | $ | (1,501,413 | ) |  | $ | 342,571 |
Senior secured credit facility | 648,400 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 648,400 |
Senior unsecured notes | 1,050,604 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,050,604 |
Deferred tax liabilities | — |  |  | — |  |  | 19,363 |  |  | — |  |  | — |  |  | 19,363 |
Other liabilities | — |  |  | — |  |  | 18,326 |  |  | 152,695 |  |  | (152,695 | ) |  | 18,326 |
Total liabilities | 1,716,639 |  |  | — |  |  | 1,861,434 |  |  | 155,299 |  |  | (1,654,108 | ) |  | 2,079,264 |
Partners’ capital | 1,192,876 |  |  | — |  |  | 1,418,418 |  |  | 97,175 |  |  | (1,515,593 | ) |  | 1,192,876 |
Total liabilities and partners’ capital | $ | 2,909,515 |  |  | $ | — |  |  | $ | 3,279,852 |  |  | $ | 252,474 |  |  | $ | (3,169,701 | ) |  | $ | 3,272,140 |
Unaudited Condensed Consolidating Balance Sheet December 31, 2014
| 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 | $ | 9 |  |  | $ | — |  |  | $ | 8,310 |  |  | $ | 1,143 |  |  | $ | — |  |  | $ | 9,462 |
Other current assets | 1,378,573 |  |  | — |  |  | 333,385 |  |  | 46,215 |  |  | (1,412,269 | ) |  | 345,904 |
Total current assets | 1,378,582 |  |  | — |  |  | 341,695 |  |  | 47,358 |  |  | (1,412,269 | ) |  | 355,366 |
Fixed assets, at cost | — |  |  | — |  |  | 1,823,556 |  |  | 75,502 |  |  | — |  |  | 1,899,058 |
Less: Accumulated depreciation | — |  |  | — |  |  | (251,171 | ) |  | (16,886 | ) |  | — |  |  | (268,057 | )
Net fixed assets | — |  |  | — |  |  | 1,572,385 |  |  | 58,616 |  |  | — |  |  | 1,631,001 |
Goodwill | — |  |  | — |  |  | 325,046 |  |  | — |  |  | — |  |  | 325,046 |
Other assets, net | 28,421 |  |  | — |  |  | 269,252 |  |  | 146,700 |  |  | (154,192 | ) |  | 290,181 |
Equity investees | — |  |  | — |  |  | 628,780 |  |  | — |  |  | — |  |  | 628,780 |
Investments in subsidiaries | 1,434,255 |  |  | — |  |  | 97,195 |  |  | — |  |  | (1,531,450 | ) |  | — |
Total assets | $ | 2,841,258 |  |  | $ | — |  |  | $ | 3,234,353 |  |  | $ | 252,674 |  |  | $ | (3,097,911 | ) |  | $ | 3,230,374 |
LIABILITIES AND PARTNERS’ CAPITAL |  |  |  |  |  |  |  |  |  |  |
Current liabilities | $ | 11,016 |  |  | $ | — |  |  | $ | 1,761,856 |  |  | $ | 2,705 |  |  | $ | (1,412,432 | ) |  | $ | 363,145 |
Senior secured credit facility | 550,400 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 550,400 |
Senior unsecured notes | 1,050,639 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,050,639 |
Deferred tax liabilities | — |  |  | — |  |  | 18,754 |  |  | — |  |  | — |  |  | 18,754 |
Other liabilities | — |  |  | — |  |  | 18,233 |  |  | 154,021 |  |  | (154,021 | ) |  | 18,233 |
Total liabilities | 1,612,055 |  |  | — |  |  | 1,798,843 |  |  | 156,726 |  |  | (1,566,453 | ) |  | 2,001,171 |
Partners’ capital | 1,229,203 |  |  | — |  |  | 1,435,510 |  |  | 95,948 |  |  | (1,531,458 | ) |  | 1,229,203 |
Total liabilities and partners’ capital | $ | 2,841,258 |  |  | $ | — |  |  | $ | 3,234,353 |  |  | $ | 252,674 |  |  | $ | (3,097,911 | ) |  | $ | 3,230,374 |
Unaudited Condensed Consolidating Statement of Operations Three Months Ended March 31, 2015
| 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: |  |  |  |  |  |  |  |  |  |  |
Pipeline transportation services | $ | — |  |  | $ | — |  |  | $ | 13,611 |  |  | $ | 6,247 |  |  | $ | — |  |  | $ | 19,858 |
Refinery services | — |  |  | — |  |  | 45,319 |  |  | 2,112 |  |  | (1,307 | ) |  | 46,124 |
Marine transportation | — |  |  | — |  |  | 57,371 |  |  | — |  |  | — |  |  | 57,371 |
Supply and logistics | — |  |  | — |  |  | 403,504 |  |  | — |  |  | — |  |  | 403,504 |
Total revenues | — |  |  | — |  |  | 519,805 |  |  | 8,359 |  |  | (1,307 | ) |  | 526,857 |
COSTS AND EXPENSES: |  |  |  |  |  |  |  |  |  |  |
Supply and logistics costs | — |  |  | — |  |  | 396,157 |  |  | — |  |  | — |  |  | 396,157 |
Marine transportation costs | — |  |  | — |  |  | 31,594 |  |  | — |  |  | — |  |  | 31,594 |
Refinery services operating costs | — |  |  | — |  |  | 26,219 |  |  | 2,119 |  |  | (1,311 | ) |  | 27,027 |
Pipeline transportation operating costs | — |  |  | — |  |  | 6,751 |  |  | 163 |  |  | — |  |  | 6,914 |
General and administrative | — |  |  | — |  |  | 13,221 |  |  | — |  |  | — |  |  | 13,221 |
Depreciation and amortization | — |  |  | — |  |  | 26,480 |  |  | 645 |  |  | — |  |  | 27,125 |
Total costs and expenses | — |  |  | — |  |  | 500,422 |  |  | 2,927 |  |  | (1,311 | ) |  | 502,038 |
OPERATING INCOME | — |  |  | — |  |  | 19,383 |  |  | 5,432 |  |  | 4 |  |  | 24,819 |
Equity in earnings of subsidiaries | 39,407 |  |  | — |  |  | 1,640 |  |  | — |  |  | (41,047 | ) |  | — |
Equity in earnings of equity investees | — |  |  | — |  |  | 15,519 |  |  | — |  |  | — |  |  | 15,519 |
Interest (expense) income, net | (19,192 | ) |  | — |  |  | 3,814 |  |  | (3,837 | ) |  | — |  |  | (19,215 | )
Income before income taxes | 20,215 |  |  | — |  |  | 40,356 |  |  | 1,595 |  |  | (41,043 | ) |  | 21,123 |
Income tax expense | — |  |  | — |  |  | (911 | ) |  | 3 |  |  | — |  |  | (908 | )
NET INCOME | $ | 20,215 |  |  | $ | — |  |  | $ | 39,445 |  |  | $ | 1,598 |  |  | $ | (41,043 | ) |  | $ | 20,215 |
Unaudited Condensed Consolidating Statement of Operations Three Months Ended March 31, 2014
| 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: |  |  |  |  |  |  |  |  |  |  |
Pipeline transportation services | $ | — |  |  | $ | — |  |  | $ | 14,535 |  |  | $ | 6,385 |  |  | $ | — |  |  | $ | 20,920 |
Refinery services | — |  |  | — |  |  | 51,730 |  |  | 6,074 |  |  | (3,611 | ) |  | 54,193 |
Marine transportation | — |  |  | — |  |  | 56,293 |  |  | — |  |  | — |  |  | 56,293 |
Supply and logistics | — |  |  | — |  |  | 888,313 |  |  | — |  |  | — |  |  | 888,313 |
Total revenues | — |  |  | — |  |  | 1,010,871 |  |  | 12,459 |  |  | (3,611 | ) |  | 1,019,719 |
COSTS AND EXPENSES: |  |  |  |  |  |  |  |  |  |  |
Supply and logistics costs | — |  |  | — |  |  | 876,580 |  |  | — |  |  | — |  |  | 876,580 |
Marine transportation costs | — |  |  | — |  |  | 35,774 |  |  | — |  |  | — |  |  | 35,774 |
Refinery services operating costs | — |  |  | — |  |  | 31,591 |  |  | 5,846 |  |  | (4,242 | ) |  | 33,195 |
Pipeline transportation operating costs | — |  |  | — |  |  | 7,236 |  |  | 242 |  |  | — |  |  | 7,478 |
General and administrative | — |  |  | — |  |  | 12,010 |  |  | — |  |  | — |  |  | 12,010 |
Depreciation and amortization | — |  |  | — |  |  | 18,660 |  |  | 620 |  |  | — |  |  | 19,280 |
Total costs and expenses | — |  |  | — |  |  | 981,851 |  |  | 6,708 |  |  | (4,242 | ) |  | 984,317 |
OPERATING INCOME | — |  |  | — |  |  | 29,020 |  |  | 5,751 |  |  | 631 |  |  | 35,402 |
Equity in earnings of subsidiaries | 42,579 |  |  | — |  |  | 1,776 |  |  | — |  |  | (44,355 | ) |  | — |
Equity in earnings of equity investees | — |  |  | — |  |  | 7,818 |  |  | — |  |  | — |  |  | 7,818 |
Interest (expense) income, net | (12,804 | ) |  | — |  |  | 3,966 |  |  | (3,966 | ) |  | — |  |  | (12,804 | )
Income before income taxes | 29,775 |  |  | — |  |  | 42,580 |  |  | 1,785 |  |  | (43,724 | ) |  | 30,416 |
Income tax benefit (expense) | — |  |  | — |  |  | (587 | ) |  | (54 | ) |  | — |  |  | (641 | )
NET INCOME | $ | 29,775 |  |  | $ | — |  |  | $ | 41,993 |  |  | $ | 1,731 |  |  | $ | (43,724 | ) |  | $ | 29,775 |
Unaudited Condensed Consolidating Statement of Cash Flows Three Months Ended March 31, 2015
| 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 | $ | (52,471 | ) |  | $ | — |  |  | $ | 157,924 |  |  | $ | 2,530 |  |  | $ | (45,518 | ) |  | $ | 62,465 |
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |
Payments to acquire fixed and intangible assets | — |  |  | — |  |  | (111,504 | ) |  | — |  |  | — |  |  | (111,504 | )
Cash distributions received from equity investees - return of investment | 11,013 |  |  | — |  |  | 7,827 |  |  | — |  |  | (11,013 | ) |  | 7,827 |
Investments in equity investees | — |  |  | — |  |  | (1,750 | ) |  | — |  |  | — |  |  | (1,750 | )
Repayments on loan to non-guarantor subsidiary | — |  |  | — |  |  | 1,329 |  |  | — |  |  | (1,329 | ) |  | — |
Proceeds from asset sales | — |  |  | — |  |  | 1,768 |  |  | — |  |  | — |  |  | 1,768 |
Other, net | — |  |  | — |  |  | 29 |  |  | — |  |  | — |  |  | 29 |
Net cash provided by (used) in investing activities | 11,013 |  |  | — |  |  | (102,301 | ) |  | — |  |  | (12,342 | ) |  | (103,630 | )
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |
Borrowings on senior secured credit facility | 226,200 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 226,200 |
Repayments on senior secured credit facility | (128,200 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (128,200 | )
Distributions to partners/owners | (56,542 | ) |  | — |  |  | (56,542 | ) |  | — |  |  | 56,542 |  |  | (56,542 | )
Other, net | — |  |  | — |  |  | 1,383 |  |  | (1,318 | ) |  | 1,318 |  |  | 1,383 |
Net cash provided by (used in) financing activities | 41,458 |  |  | — |  |  | (55,159 | ) |  | (1,318 | ) |  | 57,860 |  |  | 42,841 |
Net (decrease) increase in cash and cash equivalents | — |  |  | — |  |  | 464 |  |  | 1,212 |  |  | — |  |  | 1,676 |
Cash and cash equivalents at beginning of period | 9 |  |  | — |  |  | 8,310 |  |  | 1,143 |  |  | — |  |  | 9,462 |
Cash and cash equivalents at end of period | $ | 9 |  |  | $ | — |  |  | $ | 8,774 |  |  | $ | 2,355 |  |  | $ | — |  |  | $ | 11,138 |
Unaudited Condensed Consolidating Statement of Cash Flows Three Months Ended March 31, 2014
| 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 | $ | (27,470 | ) |  | $ | — |  |  | $ | 162,514 |  |  | $ | 1,265 |  |  | $ | (30,221 | ) |  | $ | 106,088 |
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |
Payments to acquire fixed and intangible assets | — |  |  | — |  |  | (104,254 | ) |  | — |  |  | — |  |  | (104,254 | )
Cash distributions received from equity investees - return of investment | 17,222 |  |  | — |  |  | 2,636 |  |  | — |  |  | (17,222 | ) |  | 2,636 |
Investments in equity investees | — |  |  | — |  |  | (10,709 | ) |  | — |  |  | — |  |  | (10,709 | )
Repayments on loan to non-guarantor subsidiary | — |  |  | — |  |  | 1,201 |  |  | — |  |  | (1,201 | ) |  | — |
Proceeds from asset sales | — |  |  | — |  |  | 72 |  |  | — |  |  | — |  |  | 72 |
Other, net | — |  |  | — |  |  | (1,270 | ) |  | — |  |  | — |  |  | (1,270 | )
Net cash used in investing activities | 17,222 |  |  | — |  |  | (112,324 | ) |  | — |  |  | (18,423 | ) |  | (113,525 | )
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |
Borrowings on senior secured credit facility | 249,900 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 249,900 |
Repayments on senior secured credit facility | (192,200 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (192,200 | )
Distributions to partners/owners | (47,453 | ) |  | — |  |  | (47,453 | ) |  | — |  |  | 47,453 |  |  | (47,453 | )
Other, net | — |  |  | — |  |  | — |  |  | (1,191 | ) |  | 1,191 |  |  | — |
Net cash provided by (used in) financing activities | 10,247 |  |  | — |  |  | (47,453 | ) |  | (1,191 | ) |  | 48,644 |  |  | 10,247 |
Net (decrease) increase in cash and cash equivalents | (1 | ) |  | — |  |  | 2,737 |  |  | 74 |  |  | — |  |  | 2,810 |
Cash and cash equivalents at beginning of period | 20 |  |  | — |  |  | 8,049 |  |  | 797 |  |  | — |  |  | 8,866 |
Cash and cash equivalents at end of period | $ | 19 |  |  | $ | — |  |  | $ | 10,786 |  |  | $ | 871 |  |  | $ | — |  |  | $ | 11,676 |

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- Definition Condensed Consolidating Financial Information [Abstract] + References No definition available. + Details
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- Definition The entire disclosure for condensed financial statements. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=18733093&loc=d3e5614-111684 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 10 -Paragraph f -Article 3 + Details
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