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Acquisition and Divestiture (Tables) | 9 Months Ended
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Sep. 30, 2017
Business Combinations [Abstract] |
Schedule of Allocation of Purchase Price Presented in Consolidated Balance Sheet | The preliminary allocation of the purchase price, as presented on our Consolidated Balance Sheet, is summarized as follows:
Accounts receivable | 138,291 |
Inventories | 31,944 |
Other current assets | 13,947 |
Fixed assets | 617,878 |
Mineral leaseholds | 623,137 |
Accounts payable | (51,534 | )
Other current liabilities | (29,870 | )
Other long-term liabilities | (18,793 | )
Total Purchase Price | $ | 1,325,000 |
Schedule of 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, 2017 |  | Nine Months Ended September 30, 2017
Revenues | $ | 66,003 |  |  | 66,003 |
Net income | $ | 10,654 |  |  | 10,654 |
Schedule of Pro Forma Financial Information | Our unaudited pro forma financial information is not necessarily indicative of what our consolidated financial results would have been had the Alkali Business acquisition been completed on January 1, 2016. Pro forma net income includes the effects of distributions on preferred units and interest expense on incremental borrowings. The dilutive effect of Series A Preferred Units is calculated using the if-converted method.
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2017 |  | 2016 |  | 2017 |  | 2016
Pro forma consolidated financial operating results: |  |  |  |  |  |  |
Revenues | $ | 615,275 |  |  | $ | 653,749 |  |  | $ | 1,829,389 |  |  | $ | 1,872,939 |
Net Income Attributable to Genesis Energy, L.P. | 10,978 |  |  | 31,400 |  |  | 59,314 |  |  | 78,113 |
Net Income Available to Common Unitholders | (5,276 | ) |  | 15,943 |  |  | 10,939 |  |  | 31,853 |
Basic and diluted earnings per common unit: |  |  |  |  |  |  |
As reported net income per common unit | $ | 0.01 |  |  | $ | 0.28 |  |  | $ | 0.51 |  |  | $ | 0.81 |
Pro forma net income per common unit | $ | (0.04 | ) |  | $ | 0.14 |  |  | $ | 0.09 |  |  | $ | 0.28 |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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