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Business Segment Information (Tables)

6 Months Ended

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.

X

- 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.

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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.

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