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Business Consolidation (Tables) | 3 Months Ended
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Mar. 31, 2023
Business Combination and Asset Acquisition [Abstract] |
Summary of Unaudited Consolidated Balance Sheet and Statements of Operations | The preliminary allocation of the purchase price, as presented within our Unaudited Consolidated Balance Sheet as of March 31, 2023 is summarized as follows:
Cash and cash equivalents | $ | 4,332 |
Accounts receivable - trade, net | 231,797 |
Inventories | 19,522 |
Other current assets | 14,203 |
Fixed assets, at cost | 4,000 |
Right of use assets, net | 93,208 |
Other Assets, net of amortization | 13,909 |
Accounts payable - trade(1) | (228,106) |
Accrued liabilities | (75,224) |
Other long-term liabilities | (77,641) |
Net Assets | $ | — |
(1)The “Accounts payable - trade” balance above includes $133.4 million of payables to Genesis at December 31, 2022 that eliminate upon consolidation into our Unaudited Condensed Consolidated Balance Sheet as of March 31, 2023. The following table presents selected financial information included in our Unaudited Consolidated Statement of Operations for the period presented:
| Three Months Ended March 31, 2023
Revenues | $ | 127,142 |
Net Income Attributable to Genesis Energy, L.P. | 1,022 |
Schedule of Pro Forma Financial Information | The dilutive effect of our preferred units is calculated using the if-converted method.
| Three Months Ended March 31,
| 2023 |  | 2022 |  |
Pro forma consolidated financial operating results: |  |  |  |  |
Revenues | $ | 790,612 |  |  | $ | 759,089 |  |  |
Net Loss Attributable to Genesis Energy, L.P. | (1,644) |  |  | (4,228) |  |  |
Net Loss Attributable to Common Unitholders | (25,646) |  |  | (22,912) |  |  |
Basic and diluted earnings (loss) per common unit: |  |  |  |  |
As reported net loss per common unit | $ | (0.21) |  |  | $ | (0.20) |  |  |
Pro forma net loss per common unit | $ | (0.21) |  |  | $ | (0.19) |  |  |

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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/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(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://fasb.org/us-gaap/role/ref/legacyRef -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://fasb.org/us-gaap/role/ref/legacyRef -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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