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v3.20.2

Business Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2020
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | Segment information for the periods presented below was as follows:
| Offshore Pipeline Transportation |  | Sodium Minerals & Sulfur Services |  | Onshore Facilities & Transportation |  | Marine Transportation |  | Total
Three Months Ended June 30, 2020 |  |  |  |  |  |  |  |  |
Segment margin (a) | $ | 75,148 |  |  | $ | 24,824 |  |  | $ | 21,215 |  |  | $ | 18,138 |  |  | $ | 139,325 |
Capital expenditures (b) | $ | 1,983 |  |  | $ | 33,462 |  |  | $ | 829 |  |  | $ | 3,493 |  |  | $ | 39,767 |
Revenues: |  |  |  |  |  |  |  |  |
External customers | $ | 64,964 |  |  | $ | 194,543 |  |  | $ | 74,690 |  |  | $ | 54,270 |  |  | $ | 388,467 |
Intersegment (c) | — |  |  | (1,919) |  |  | (531) |  |  | 2,450 |  |  | $ | — |
Total revenues of reportable segments | $ | 64,964 |  |  | $ | 192,624 |  |  | $ | 74,159 |  |  | $ | 56,720 |  |  | $ | 388,467 |
Three Months Ended June 30, 2019 |  |  |  |  |  |  |  |  |
Segment margin (a) | $ | 76,528 |  |  | $ | 57,705 |  |  | $ | 35,920 |  |  | $ | 13,959 |  |  | $ | 184,112 |
Capital expenditures (b) | $ | 2,521 |  |  | $ | 26,137 |  |  | $ | 3,009 |  |  | $ | 7,696 |  |  | $ | 39,363 |
Revenues: |  |  |  |  |  |  |  |  |
External customers | $ | 78,427 |  |  | $ | 276,513 |  |  | $ | 223,778 |  |  | $ | 56,067 |  |  | $ | 634,785 |
Intersegment (c) | — |  |  | (1,907) |  |  | (732) |  |  | 2,639 |  |  | $ | — |
Total revenues of reportable segments | $ | 78,427 |  |  | $ | 274,606 |  |  | $ | 223,046 |  |  | $ | 58,706 |  |  | $ | 634,785 |
Six Months Ended June 30, 2020 |  |  |  |  |  |  |  |  |
Segment Margin (a) | $ | 160,394 |  |  | $ | 61,765 |  |  | $ | 49,314 |  |  | $ | 37,140 |  |  | $ | 308,613 |
Capital expenditures (b) | $ | 3,010 |  |  | $ | 48,437 |  |  | $ | 1,986 |  |  | $ | 17,725 |  |  | $ | 71,158 |
Revenues: |  |  |  |  |  |  |  |  |
External customers | $ | 143,393 |  |  | $ | 440,078 |  |  | $ | 231,489 |  |  | $ | 113,430 |  |  | $ | 928,390 |
Intersegment (c) | — |  |  | (4,064) |  |  | (1,572) |  |  | 5,636 |  |  | $ | — |
Total revenues of reportable segments | $ | 143,393 |  |  | $ | 436,014 |  |  | $ | 229,917 |  |  | $ | 119,066 |  |  | $ | 928,390 |
Six Months Ended June 30, 2019 |  |  |  |  |  |  |  |  |
Segment Margin (a) | $ | 152,918 |  |  | $ | 116,344 |  |  | $ | 61,523 |  |  | $ | 26,891 |  |  | $ | 357,676 |
Capital expenditures (b) | $ | 2,979 |  |  | $ | 48,843 |  |  | $ | 3,784 |  |  | $ | 16,924 |  |  | $ | 72,530 |
Revenues: |  |  |  |  |  |  |  |  |
External customers | $ | 156,744 |  |  | $ | 553,862 |  |  | $ | 434,803 |  |  | $ | 109,385 |  |  | $ | 1,254,794 |
Intersegment (c) | — |  |  | (3,770) |  |  | (2,201) |  |  | 5,971 |  |  | $ | — |
Total revenues of reportable segments | $ | 156,744 |  |  | $ | 550,092 |  |  | $ | 432,602 |  |  | $ | 115,356 |  |  | $ | 1,254,794 |
Total assets by reportable segment were as follows:
| June 30, 2020 |  | December 31, 2019
Offshore pipeline transportation | $ | 2,230,159 |  |  | $ | 2,306,946 |
Sodium minerals and sulfur services | 1,976,792 |  |  | 2,019,905 |
Onshore facilities and transportation | 1,083,460 |  |  | 1,457,190 |
Marine transportation | 739,073 |  |  | 772,383 |
Other assets | 39,953 |  |  | 41,217 |
Total consolidated assets | $ | 6,069,437 |  |  | $ | 6,597,641 |
(a)A reconciliation of total Segment Margin to net income (loss) attributable to Genesis Energy, L.P. for the periods is presented below. (b)Capital expenditures include maintenance and growth capital expenditures, such as fixed asset additions (including enhancements to existing facilities and construction of growth projects) as well as contributions to equity investees, if any. (c)Intersegment sales were conducted under terms that we believe were no more or less favorable than then-existing market conditions.
Schedule of Reconciliation of Operating Profit (Loss) from Segments to Consolidated | Reconciliation of total Segment Margin to net income (loss) attributable to Genesis Energy, L.P.:
| Three Months Ended June 30, |  |  |  | Six Months Ended June 30, |  |
| 2020 |  | 2019 |  | 2020 |  | 2019
Total Segment Margin | $ | 139,325 |  |  | $ | 184,112 |  |  | $ | 308,613 |  |  | $ | 357,676 |
Corporate general and administrative expenses | (24,867) |  |  | (13,502) |  |  | (31,359) |  |  | (24,602) |
Depreciation, depletion, amortization and accretion | (82,580) |  |  | (66,104) |  |  | (158,558) |  |  | (146,041) |
Interest expense | (51,618) |  |  | (55,507) |  |  | (106,583) |  |  | (111,208) |
Adjustment to exclude distributable cash generated by equity investees not included in income and include equity in investees net income (1) | (5,776) |  |  | (5,675) |  |  | (12,182) |  |  | (10,503) |
Other non-cash items (2) | (23,291) |  |  | (11,012) |  |  | 8,777 |  |  | (17,103) |
Cash payments from direct financing leases in excess of earnings | (2,294) |  |  | (2,079) |  |  | (4,532) |  |  | (4,107) |
Cancellation of debt income (3) | 18,532 |  |  | — |  |  | 19,725 |  |  | — |
Loss on extinguishment of debt (3) | — |  |  | — |  |  | (23,480) |  |  | — |
Differences in timing of cash receipts for certain contractual arrangements (4) | (11,638) |  |  | 9,848 |  |  | (16,128) |  |  | 12,135 |
Impairment expense (5) | (277,495) |  |  | — |  |  | (277,495) |  |  | — |
Provision for leased items no longer in use | (58) |  |  | 182 |  |  | 72 |  |  | 372 |
Redeemable noncontrolling interest redemption value adjustments (6) | (4,159) |  |  | — |  |  | (8,245) |  |  | — |
Income tax expense | (795) |  |  | (143) |  |  | (430) |  |  | (545) |
Net income (loss) attributable to Genesis Energy, L.P. | $ | (326,714) |  |  | $ | 40,120 |  |  | $ | (301,805) |  |  | $ | 56,074 |
(1) Includes distributions attributable to the quarter and received during or promptly following such quarter. (2) The three and six months ended June 30, 2020 include a $21.8 million unrealized loss and $10.7 million unrealized gain, respectively, from the valuation of the embedded derivative associated with our Class A Convertible Preferred Units. The three and six months ended June 30, 2019 include a $4.7 million unrealized loss and $7.7 million unrealized loss, respectively, from the valuation of the embedded derivative. Refer to Note 16 for details. (3) Refer to Note 9 for details surrounding the extinguishment of our 2022 notes and note repurchases. (4) Includes the difference in timing of cash receipts from customers during the period and the revenue we recognize in accordance with GAAP on our related contracts. (5) Refer to Note 6 for details surrounding impairment expense. (6) Includes PIK distributions attributable to the period and accretion on the redemption feature.

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- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
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