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v3.20.2

Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2020
Segment Reporting [Abstract] |
Schedule of Segment Summarized Financial Information | Summarized financial information concerning reportable segments consists of the following (in thousands):
Three Months Ended September 30, 2020 |  | Refining |  | Logistics |  | Retail |  | Corporate, Eliminations and Other (1) |  | Total
Revenues |  | $ | 626,426 |  |  | $ | 41,722 |  |  | $ | 91,736 |  |  | $ | (69,903 | ) |  | $ | 689,981 |
Cost of revenues (excluding depreciation) |  | 568,051 |  |  | 26,411 |  |  | 60,725 |  |  | (69,898 | ) |  | 585,289 |
Operating expense (excluding depreciation) |  | 49,972 |  |  | 3,364 |  |  | 16,122 |  |  | — |  |  | 69,458 |
Depreciation, depletion, and amortization |  | 13,509 |  |  | 5,513 |  |  | 2,829 |  |  | 970 |  |  | 22,821 |
General and administrative expense (excluding depreciation) |  | — |  |  | — |  |  | — |  |  | 9,818 |  |  | 9,818 |
Acquisition and integration costs |  | — |  |  | — |  |  | — |  |  | (155 | ) |  | (155 | )
Operating income (loss) |  | $ | (5,106 | ) |  | $ | 6,434 |  |  | $ | 12,060 |  |  | $ | (10,638 | ) |  | $ | 2,750 |
Interest expense and financing costs, net |  |  |  |  |  |  |  |  |  | (17,523 | )
Other income, net |  |  |  |  |  |  |  |  |  | 610 |
Equity losses from Laramie Energy, LLC |  |  |  |  |  |  |  |  |  | — |
Loss before income taxes |  |  |  |  |  |  |  |  |  | (14,163 | )
Income tax expense |  |  |  |  |  |  |  |  |  | (108 | )
Net loss |  |  |  |  |  |  |  |  |  | $ | (14,271 | )
Capital expenditures |  | $ | 9,281 |  |  | $ | 2,216 |  |  | $ | 392 |  |  | $ | 397 |  |  | $ | 12,286 |
Three Months Ended September 30, 2019 |  | Refining |  | Logistics |  | Retail |  | Corporate, Eliminations and Other (1) |  | Total
Revenues |  | $ | 1,336,951 |  |  | $ | 49,623 |  |  | $ | 122,234 |  |  | $ | (107,170 | ) |  | $ | 1,401,638 |
Cost of revenues (excluding depreciation) |  | 1,256,569 |  |  | 28,712 |  |  | 87,631 |  |  | (107,157 | ) |  | 1,265,755 |
Operating expense (excluding depreciation) |  | 63,041 |  |  | 2,553 |  |  | 17,643 |  |  | — |  |  | 83,237 |
Depreciation, depletion, and amortization |  | 14,088 |  |  | 4,798 |  |  | 2,523 |  |  | 818 |  |  | 22,227 |
General and administrative expense (excluding depreciation) |  | — |  |  | — |  |  | — |  |  | 11,391 |  |  | 11,391 |
Acquisition and integration costs |  | — |  |  | — |  |  | — |  |  | 623 |  |  | 623 |
Operating income (loss) |  | $ | 3,253 |  |  | $ | 13,560 |  |  | $ | 14,437 |  |  | $ | (12,845 | ) |  | $ | 18,405 |
Interest expense and financing costs, net |  |  |  |  |  |  |  |  |  | (18,348 | )
Other income, net |  |  |  |  |  |  |  |  |  | 83 |
Change in value of common stock warrants |  |  |  |  |  |  |  |  |  | (826 | )
Equity losses from Laramie Energy, LLC |  |  |  |  |  |  |  |  |  | (85,633 | )
Loss before income taxes |  |  |  |  |  |  |  |  |  | (86,319 | )
Income tax benefit |  |  |  |  |  |  |  |  |  | 2,428 |
Net loss |  |  |  |  |  |  |  |  |  | $ | (83,891 | )
Capital expenditures |  | $ | 6,672 |  |  | $ | 14,759 |  |  | $ | 765 |  |  | $ | 486 |  |  | $ | 22,682 |
________________________________________________________ (1) Includes eliminations of intersegment revenues and cost of revenues of $69.9 million and $107.2 million for the three months ended September 30, 2020 and 2019, respectively.
Nine Months Ended September 30, 2020 |  | Refining |  | Logistics |  | Retail |  | Corporate, Eliminations and Other (1) |  | Total
Revenues |  | $ | 2,229,853 |  |  | $ | 143,004 |  |  | $ | 274,170 |  |  | $ | (237,662 | ) |  | $ | 2,409,365 |
Cost of revenues (excluding depreciation) |  | 2,211,371 |  |  | 85,527 |  |  | 177,537 |  |  | (237,657 | ) |  | 2,236,778 |
Operating expense (excluding depreciation) |  | 151,601 |  |  | 9,882 |  |  | 48,393 |  |  | — |  |  | 209,876 |
Depreciation, depletion, and amortization |  | 39,209 |  |  | 16,082 |  |  | 8,292 |  |  | 2,649 |  |  | 66,232 |
Impairment expense |  | 38,105 |  |  | — |  |  | 29,817 |  |  | — |  |  | 67,922 |
General and administrative expense (excluding depreciation) |  | — |  |  | — |  |  | — |  |  | 31,823 |  |  | 31,823 |
Acquisition and integration costs |  | — |  |  | — |  |  | — |  |  | 600 |  |  | 600 |
Operating income (loss) |  | $ | (210,433 | ) |  | $ | 31,513 |  |  | $ | 10,131 |  |  | $ | (35,077 | ) |  | $ | (203,866 | )
Interest expense and financing costs, net |  |  |  |  |  |  |  |  |  | (52,611 | )
Other income, net |  |  |  |  |  |  |  |  |  | 1,089 |
Change in value of common stock warrants |  |  |  |  |  |  |  |  |  | 4,270 |
Equity losses from Laramie Energy, LLC |  |  |  |  |  |  |  |  |  | (46,905 | )
Loss before income taxes |  |  |  |  |  |  |  |  |  | (298,023 | )
Income tax benefit |  |  |  |  |  |  |  |  |  | 20,855 |
Net loss |  |  |  |  |  |  |  |  |  | $ | (277,168 | )
Capital expenditures |  | $ | 26,529 |  |  | $ | 12,406 |  |  | $ | 2,253 |  |  | $ | 1,263 |  |  | $ | 42,451 |
Nine Months Ended September 30, 2019 |  | Refining |  | Logistics |  | Retail |  | Corporate, Eliminations and Other (1) |  | Total
Revenues |  | $ | 3,830,572 |  |  | $ | 144,978 |  |  | $ | 342,814 |  |  | $ | (315,982 | ) |  | $ | 4,002,382 |
Cost of revenues (excluding depreciation) |  | 3,563,503 |  |  | 82,000 |  |  | 248,751 |  |  | (315,925 | ) |  | 3,578,329 |
Operating expense (excluding depreciation) |  | 173,689 |  |  | 7,945 |  |  | 50,107 |  |  | — |  |  | 231,741 |
Depreciation, depletion, and amortization |  | 42,579 |  |  | 12,683 |  |  | 7,429 |  |  | 2,412 |  |  | 65,103 |
General and administrative expense (excluding depreciation) |  | — |  |  | — |  |  | — |  |  | 34,435 |  |  | 34,435 |
Acquisition and integration costs |  | — |  |  | — |  |  | — |  |  | 4,325 |  |  | 4,325 |
Operating income (loss) |  | $ | 50,801 |  |  | $ | 42,350 |  |  | $ | 36,527 |  |  | $ | (41,229 | ) |  | $ | 88,449 |
Interest expense and financing costs, net |  |  |  |  |  |  |  |  |  | (57,336 | )
Debt extinguishment and commitment costs |  |  |  |  |  |  |  |  |  | (9,186 | )
Other income, net |  |  |  |  |  |  |  |  |  | 2,347 |
Change in value of common stock warrants |  |  |  |  |  |  |  |  |  | (3,065 | )
Equity losses from Laramie Energy, LLC |  |  |  |  |  |  |  |  |  | (84,841 | )
Loss before income taxes |  |  |  |  |  |  |  |  |  | (63,632 | )
Income tax benefit |  |  |  |  |  |  |  |  |  | 69,002 |
Net income |  |  |  |  |  |  |  |  |  | $ | 5,370 |
Capital expenditures |  | $ | 25,555 |  |  | $ | 32,217 |  |  | $ | 5,042 |  |  | $ | 1,272 |  |  | $ | 64,086 |
________________________________________________________ (1) Includes eliminations of intersegment revenues and cost of revenues of $237.7 million and $316.0 million for the nine months ended September 30, 2020 and 2019, respectively.

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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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