v2.4.0.8

Investments in Non-Controlled Entities (Notes) | 3 Months Ended
--- | ---
Mar. 31, 2014
Equity Method Investments and Joint Ventures [Abstract] |
Investments in Non-Controlled Entities | Investments in Non-Controlled Entities We own a 50% interest in Texas Frontera, LLC ("Texas Frontera"), which owns approximately one million barrels of refined products storage at our Galena Park, Texas terminal. The storage capacity owned by this joint venture is leased to an affiliate of Texas Frontera under a long-term lease agreement. We receive management fees from Texas Frontera, which we report as affiliate management fee revenue on our consolidated statements of income. We own a 50% interest in Osage Pipe Line Company, LLC ("Osage"), which owns a 135-mile crude oil pipeline in Oklahoma and Kansas that we operate. We receive management fees from Osage, which we report as affiliate management fee revenue on our consolidated statements of income. Our initial investment in Osage included an excess net investment amount of $21.7 million. Excess investment is the amount by which our initial investment exceeded our proportionate share of the book value of the net assets of the investment. The unamortized excess net investment amount at March 31, 2014 was $15.0 million. We own a 50% interest in Double Eagle Pipeline LLC ("Double Eagle") which transports condensate from the Eagle Ford shale formation in South Texas via a 195-mile pipeline to our terminal in Corpus Christi, Texas. Double Eagle is operated by an affiliate of the other 50% member of Double Eagle. We receive throughput revenue from Double Eagle that is included in our transportation and terminals revenue on our consolidated statements of income. For the three months ended March 31, 2014, we received throughput revenue of $0.5 million. We recorded a $0.2 million and $0.3 million trade accounts receivable from Double Eagle at December 31, 2013 and March 31, 2014, respectively. We own a 50% interest in BridgeTex Pipeline Company, LLC ("BridgeTex"), which is in the process of constructing a 450-mile pipeline with related infrastructure to transport crude oil from Colorado City, Texas for delivery to Houston and Texas City, Texas refineries. This pipeline is expected to begin service in mid-2014. We receive construction management fees from BridgeTex, which we report as affiliate management fee revenue on our consolidated statements of income. During 2013, we received $4.8 million from BridgeTex as a deposit for the purchase of emission reduction credits, which, pending governmental approval, we expect to transfer to BridgeTex during the second quarter of 2014. Also in 2013, we received $1.4 million from BridgeTex for the purchase of easement rights from us, of which $0.7 million was recorded as a reduction of operating expense and $0.7 million was recorded as an adjustment to our investment in BridgeTex, which will be amortized as a reduction of operating expense over the weighted average depreciable lives of the BridgeTex assets. The operating results from Texas Frontera are included in our marine storage segment and the operating results from Osage, Double Eagle and BridgeTex are included in our crude oil segment as earnings of non-controlled entities. A summary of our investments in non-controlled entities follows (in thousands):
|  | BridgeTex |  | All Others |  | Consolidated
Investment at December 31, 2013 |  | $ | 246,875 |  |  | $ | 113,977 |  |  | $ | 360,852 |
Additional investment |  | 126,748 |  |  | 950 |  |  | 127,698 |
Other adjustment to investment |  | — |  |  | (650 | ) |  | (650 | )
Earnings (losses) of non-controlled entities: |  |  |  |  |  |
Proportionate share of earnings (loss) |  | (20 | ) |  | 674 |  |  | 654 |
Amortization of excess investment and capitalized interest |  | — |  |  | (188 | ) |  | (188 | )
Earnings (losses) of non-controlled entities |  | (20 | ) |  | 486 |  |  | 466 |
Less: |  |  |  |  |  |
Distributions of earnings from investments in non-controlled entities |  | — |  |  | 384 |  |  | 384 |
Distributions in excess of earnings of non-controlled entities |  | — |  |  | 687 |  |  | 687 |
Investment at March 31, 2014 |  | $ | 373,603 |  |  | $ | 113,692 |  |  | $ | 487,295 |
Summarized financial information of our non-controlled entities as of and for the three months ended March 31, 2014 follows (in thousands):
|  | BridgeTex |  | All Others |  | Consolidated
Current assets |  | $ | 78,654 |  |  | $ | 19,204 |  |  | $ | 97,858 |
Noncurrent assets |  | 634,188 |  |  | 176,514 |  |  | 810,702 |
Total assets |  | $ | 712,842 |  |  | $ | 195,718 |  |  | $ | 908,560 |
Current liabilities |  | 101,712 |  |  | 3,224 |  |  | 104,936 |
Noncurrent liabilities |  | — |  |  | 96 |  |  | 96 |
Total liabilities |  | $ | 101,712 |  |  | $ | 3,320 |  |  | $ | 105,032 |
Equity |  | $ | 611,130 |  |  | $ | 192,398 |  |  | $ | 803,528 |
Revenue |  | $ | — |  |  | $ | 6,755 |  |  | $ | 6,755 |
Net income (loss) |  | $ | (40 | ) |  | $ | 1,347 |  |  | $ | 1,307 |

X
- Details
Name: | us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.12) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6382943&loc=d3e33918-111571 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 35 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=7658923&loc=d3e32847-111569 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 35 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=7658923&loc=d3e32787-111569 + Details
Name: | us-gaap_EquityMethodInvestmentsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration