XML 45 R35.htm IDEA: XBRL DOCUMENT
v3.22.1

Business Segment Information (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2022
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 March 31, 2022 |  |  |  |  |  |  |  |  |
Segment Margin(1) | $ | 70,904 |  |  | $ | 67,375 |  |  | $ | 7,036 |  |  | $ | 12,137 |  |  | $ | 157,452 |
Capital expenditures(2) | $ | 35,441 |  |  | $ | 26,326 |  |  | $ | 737 |  |  | $ | 10,059 |  |  | $ | 72,563 |
Revenues: |  |  |  |  |  |  |  |  |
External customers | $ | 68,068 |  |  | $ | 288,008 |  |  | $ | 220,295 |  |  | $ | 55,576 |  |  | $ | 631,947 |
Intersegment(3) | — |  |  | (2,334) |  |  | 2,136 |  |  | 198 |  |  | — |
Total revenues of reportable segments | $ | 68,068 |  |  | $ | 285,674 |  |  | $ | 222,431 |  |  | $ | 55,774 |  |  | $ | 631,947 |
Three Months Ended March 31, 2021 |  |  |  |  |  |  |  |  |
Segment Margin(1) | $ | 84,269 |  |  | $ | 43,720 |  |  | $ | 20,999 |  |  | $ | 7,109 |  |  | $ | 156,097 |
Capital expenditures(2) | $ | 11,528 |  |  | $ | 10,038 |  |  | $ | 1,099 |  |  | $ | 11,714 |  |  | $ | 34,379 |
Revenues: |  |  |  |  |  |  |  |  |
External customers | $ | 64,384 |  |  | $ | 229,306 |  |  | $ | 188,150 |  |  | $ | 39,379 |  |  | $ | 521,219 |
Intersegment(3) | — |  |  | (2,019) |  |  | 1,067 |  |  | 952 |  |  | — |
Total revenues of reportable segments | $ | 64,384 |  |  | $ | 227,287 |  |  | $ | 189,217 |  |  | $ | 40,331 |  |  | $ | 521,219 |
(1)A reconciliation of Net loss attributable to Genesis Energy, L.P. to total Segment Margin for the periods is presented below. (2)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. (3)Intersegment sales were conducted under terms that we believe were no more or less favorable than then-existing market conditions. Total assets by reportable segment were as follows:
| March 31, 2022 |  | December 31, 2021
Offshore pipeline transportation | $ | 2,101,728 |  |  | $ | 2,103,140 |
Sodium minerals and sulfur services | 2,149,589 |  |  | 2,132,588 |
Onshore facilities and transportation | 1,014,005 |  |  | 923,064 |
Marine transportation | 698,209 |  |  | 703,030 |
Other assets | 55,668 |  |  | 43,979 |
Total consolidated assets | $ | 6,019,199 |  |  | $ | 5,905,801 |
Reconciliation of Net loss attributable to Genesis Energy, L.P. to total Segment Margin:
|  |  | Three Months Ended March 31,
|  |  |  |  | 2022 |  | 2021
Net loss attributable to Genesis Energy, L.P. |  |  |  |  | $ | (5,250) |  |  | $ | (34,224) |
Corporate general and administrative expenses |  |  |  |  | 15,721 |  |  | 11,152 |
Depreciation, depletion, amortization and accretion |  |  |  |  | 72,948 |  |  | 68,997 |
Interest expense |  |  |  |  | 55,104 |  |  | 57,829 |
Adjustment to exclude distributable cash generated by equity investees not included in income and include equity in investees net income(1) |  |  |  |  | 6,574 |  |  | 8,856 |
Other non-cash items(2) |  |  |  |  | (3,571) |  |  | 18,444 |
Distribution from unrestricted subsidiaries not included in income(3) |  |  |  |  | — |  |  | 17,500 |
Loss on extinguishment of debt(4) |  |  |  |  | — |  |  | 1,627 |
Differences in timing of cash receipts for certain contractual arrangements(5) |  |  |  |  | 8,230 |  |  | 299 |
Change in provision for leased items no longer in use |  |  |  |  | (431) |  |  | 604 |
Redeemable noncontrolling interest redemption value adjustments(6) |  |  |  |  | 7,823 |  |  | 4,791 |
Income tax expense |  |  |  |  | 304 |  |  | 222 |
Total Segment Margin |  |  |  |  | $ | 157,452 |  |  | $ | 156,097 |
(1)Includes distributions attributable to the quarter and received during or promptly following such quarter. (2)The three months ended March 31, 2022 includes $6.2 million in unrealized gains from the valuation of our commodity derivative transactions (excluding fair value hedges) and an unrealized loss of $4.3 million from the valuation of the embedded derivative associated with our Class A Convertible Preferred Units. The three months ended March 31, 2021 includes an unrealized loss of $18.4 million from the valuation of the embedded derivative associated with our Class A Convertible Preferred Units. Refer to Note 1 5 and Note 16 for details. (3)The three months ended March 31, 2021 include $17.5 million in cash receipts not included in income associated with principal repayments on our previously owned NEJD pipeline. We received the principal payment associated with our previously owned NEJD pipeline in the fourth quarter of 2021. Genesis NEJD Pipeline, LLC is defined as an unrestricted subsidiary under our credit facility. (4)Refer to Note 9 for details surrounding the extinguishment of our 2023 Notes. (5)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. (6)Includes PIK distributions attributable to the period and accretion on the redemption feature.

X
- 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=123359005&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=123359005&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=123359005&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration