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Business Segment Information | 12 Months Ended
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Dec. 31, 2022
Segment Reporting [Abstract] |
Business Segment Information | Business Segment Information We currently manage our businesses through four divisions that constitute our reportable segments: •Offshore pipeline transportation – offshore transportation of crude oil and natural gas in the Gulf of Mexico; •Sodium minerals and sulfur services – trona and trona-based exploring, mining, processing, producing, marketing and selling activities, as well as processing of high sulfur (or “sour”) gas streams for refineries to remove the sulfur and selling the related by-product, NaHS; •Onshore facilities and transportation – terminaling, blending, storing, marketing and transporting crude oil and petroleum products; and •Marine transportation – marine transportation to provide waterborne transportation of petroleum products (primarily fuel oil, asphalt and other heavy refined products) and crude oil throughout North America. Substantially all of our revenues are derived from, and substantially all of our assets are located in, the United States. We define Segment Margin as revenues less product costs, operating expenses (excluding non-cash gains and charges, such as depreciation, depletion, amortization and accretion), segment general and administrative expenses, all of which are net of the effects of our noncontrolling interests, plus our equity in distributable cash generated by our equity investees and unrestricted subsidiaries. In addition, our Segment Margin definition excludes the non-cash effects of our long-term incentive compensation plan and includes the non-income portion of payments received under our previously owned direct financing lease. Our chief operating decision maker (our Chief Executive Officer) evaluates segment performance based on a variety of measures including Segment Margin, segment volumes, where relevant, and capital investment. Segment information for each year presented below is as follows:
| Offshore Pipeline Transportation |  | Sodium Minerals & Sulfur Services |  | Onshore Facilities & Transportation |  | Marine Transportation |  | Total
Year Ended December 31, 2022 |  |  |  |  |  |  |  |  |
Segment Margin(1) | $ | 363,373 |  |  | $ | 306,718 |  |  | $ | 33,755 |  |  | $ | 66,209 |  |  | $ | 770,055 |
Capital expenditures(2) | $ | 241,446 |  |  | $ | 174,518 |  |  | $ | 5,878 |  |  | $ | 39,084 |  |  | $ | 460,926 |
Revenues: |  |  |  |  |  |  |  |  |
External customers | $ | 319,045 |  |  | $ | 1,258,236 |  |  | $ | 918,751 |  |  | $ | 292,925 |  |  | $ | 2,788,957 |
Intersegment(3) | — |  |  | (10,151) |  |  | 9,781 |  |  | 370 |  |  | $ | — |
Total revenues of reportable segments | $ | 319,045 |  |  | $ | 1,248,085 |  |  | $ | 928,532 |  |  | $ | 293,295 |  |  | $ | 2,788,957 |
Year Ended December 31, 2021 |  |  |  |  |  |  |  |  |
Segment Margin(1) | $ | 317,560 |  |  | $ | 166,773 |  |  | $ | 98,824 |  |  | $ | 34,572 |  |  | $ | 617,729 |
Capital expenditures(2) | $ | 50,546 |  |  | $ | 227,118 |  |  | $ | 4,609 |  |  | $ | 34,456 |  |  | $ | 316,729 |
Revenues: |  |  |  |  |  |  |  |  |
External customers | $ | 278,459 |  |  | $ | 973,354 |  |  | $ | 685,652 |  |  | $ | 188,011 |  |  | $ | 2,125,476 |
Intersegment(3) | — |  |  | (8,722) |  |  | 5,906 |  |  | 2,816 |  |  | $ | — |
Total revenues of reportable segments | $ | 278,459 |  |  | $ | 964,632 |  |  | $ | 691,558 |  |  | $ | 190,827 |  |  | $ | 2,125,476 |
Year Ended December 31, 2020 |  |  |  |  |  |  |  |  |
Segment Margin(1) | $ | 270,078 |  |  | $ | 130,083 |  |  | $ | 147,254 |  |  | $ | 60,058 |  |  | $ | 607,473 |
Capital expenditures(2) | $ | 13,323 |  |  | $ | 95,511 |  |  | $ | 4,133 |  |  | $ | 31,357 |  |  | $ | 144,324 |
Revenues: |  |  |  |  |  |  |  |  |
External customers | $ | 237,123 |  |  | $ | 886,078 |  |  | $ | 500,420 |  |  | $ | 201,034 |  |  | $ | 1,824,655 |
Intersegment(3) | 23 |  |  | (8,309) |  |  | (938) |  |  | 9,224 |  |  | $ | — |
Total revenues of reportable segments | $ | 237,146 |  |  | $ | 877,769 |  |  | $ | 499,482 |  |  | $ | 210,258 |  |  | $ | 1,824,655 |
(1)A reconciliation of Net income (loss) attributable to Genesis Energy, L.P. to total Segment Margin to for each year 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:
| December 31, 2022 |  | December 31, 2021
Offshore pipeline transportation | $ | 2,290,488 |  |  | $ | 2,103,140 |
Sodium minerals and sulfur services | 2,358,086 |  |  | 2,132,588 |
Onshore facilities and transportation | 981,354 |  |  | 923,064 |
Marine transportation | 681,231 |  |  | 703,030 |
Other assets | 54,833 |  |  | 43,979 |
Total consolidated assets | $ | 6,365,992 |  |  | $ | 5,905,801 |
Reconciliation of Net income (loss) attributable to Genesis Energy, L.P. to total Segment Margin:
| Year Ended December 31,
| 2022 |  | 2021 |  | 2020
Net income (loss) attributable to Genesis Energy, L.P. | $ | 75,457 |  |  | $ | (165,067) |  |  | $ | (416,678) |
Corporate general and administrative expenses | 71,820 |  |  | 61,287 |  |  | 51,457 |
Depreciation, depletion, amortization and accretion | 307,519 |  |  | 315,896 |  |  | 302,602 |
Interest expense | 226,156 |  |  | 233,724 |  |  | 209,779 |
Adjustment to exclude distributable cash generated by equity investees not included in income and include equity in investees net income(1) | 21,199 |  |  | 26,207 |  |  | 17,042 |
Other non-cash items(2) | (8,315) |  |  | 30,907 |  |  | 5,847 |
Distributions from unrestricted subsidiaries not included in income(3) | 32,000 |  |  | 70,000 |  |  | 70,490 |
Cancellation of debt income (Note 10) | (8,618) |  |  | — |  |  | (27,302) |
Loss on extinguishment of debt (Note 10) | 794 |  |  | 1,627 |  |  | 31,730 |
Differences in timing of cash receipts for certain contractual arrangements(4) | 51,102 |  |  | 15,482 |  |  | 40,848 |
Loss (gain) on sale of asset, net to our ownership interest (Note 7) | (32,000) |  |  | — |  |  | 22,045 |
Change in provision for leased items no longer in use | (671) |  |  | 598 |  |  | 1,347 |
Income tax expense | 3,169 |  |  | 1,670 |  |  | 1,327 |
Redeemable noncontrolling interest redemption value adjustments(5) | 30,443 |  |  | 25,398 |  |  | 16,113 |
Impairment expense (Note 7) | — |  |  | — |  |  | 280,826 |
Total Segment Margin | $ | 770,055 |  |  | $ | 617,729 |  |  | $ | 607,473 |
(1)Includes distributions attributable to the period and received during or promptly following such period. (2)Includes unrealized losses of $18.6 million, $30.8 million and $0.9 million from the valuation of the embedded derivative associated with our Class A Convertible Preferred Units in 2022, 2021 and 2020, respectively. Also includes unrealized gains of $24.4 million and $0.1 million, and an unrealized loss of $0.3 million, from the valuation of our commodity derivative transactions (excluding fair value hedges) in 2022, 2021, and 2020, respectively. (3)2022 includes $32.0 million in cash receipts associated with the sale of the Independence Hub platform by our 80% owned unrestricted subsidiary (as defined under our credit agreement), Independence Hub, LLC. 2021 includes $70.0 million in cash receipts associated with principal repayments on our previously owned NEJD pipeline not included in income. 2020 includes cash payments received from our NEJD pipeline of $48.0 million not included in income and distributions from our Free State pipeline of $22.5 million not included in income, both of which are defined as unrestricted subsidiaries under our credit agreement. (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)Includes PIK distributions and accretion on the redemption feature attributable to each period, and valuation adjustments to the redemption feature as the associated preferred units were redeemed during the year ended December 31, 2022. Refer to Note 1 1 for details.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -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 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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