A reconciliation of operating margin to operating profit, which is its nearest comparable GAAP financial measure, is included in the tables below. Operating profit includes depreciation and amortization expense and general and administrative ("G&A") expenses that management does not consider when evaluating the core profitability of our separate operating segments.



	Three Months Ended June 30, 2013
	(in thousands)
	Refined Products		Crude Oil			Marine Storage			Intersegment Eliminations			Total
Transportation and terminals revenue	$	202,397	$	41,158		$	38,907		$	—		$	282,462
Product sales revenue	156,321		—			1,601			—			157,922
Affiliate management fee revenue	—		3,239			289			—			3,528
Total revenue	358,718		44,397			40,797			—			443,912
Operating expenses	66,456		4,027			7,694			(762		)	77,415
Cost of product sales	114,460		—			868			—			115,328
Earnings of non-controlled entities	—		(110		)	(626		)	—			(736		)
Operating margin	177,802		40,480			32,861			762			251,905
Depreciation, amortization and impairments	21,224		5,104			7,096			762			34,186
G&A expenses	23,292		4,915			5,055			—			33,262
Operating profit	$	133,286	$	30,461		$	20,710		$	—		$	184,457



	Three Months Ended June 30, 2014
	(in thousands)
	Refined Products		Crude Oil			Marine Storage			Intersegment Eliminations			Total
Transportation and terminals revenue	$	232,489	$	79,556		$	41,523		$	—		$	353,568
Product sales revenue	136,334		—			1,323			—			137,657
Affiliate management fee revenue	—		4,902			319			—			5,221
Total revenue	368,823		84,458			43,165			—			496,446
Operating expenses	97,302		11,867			16,544			(839		)	124,874
Cost of product sales	108,817		—			286			—			109,103
Earnings of non-controlled entities	—		(888		)	(1,067		)	—			(1,955		)
Operating margin	162,704		73,479			27,402			839			264,424
Depreciation, amortization and impairments	32,083		6,725			7,250			839			46,897
G&A expenses	25,374		7,697			6,238			—			39,309
Operating profit	$	105,247	$	59,057		$	13,914		$	—		$	178,218



	Six Months Ended June 30, 2013
	(in thousands)
	Refined Products		Crude Oil			Marine Storage			Intersegment Eliminations			Total
Transportation and terminals revenue	$	367,756	$	64,386		$	77,591		$	—		$	509,733
Product sales revenue	355,736		—			3,897			—			359,633
Affiliate management fee revenue	—		6,398			569			—			6,967
Total revenue	723,492		70,784			82,057			—			876,333
Operating expenses	112,737		9,134			22,247			(1,522		)	142,596
Cost of product sales	272,758		—			2,968			—			275,726
Earnings of non-controlled entities	—		(1,485		)	(1,302		)	—			(2,787		)
Operating margin	337,997		63,135			58,144			1,522			460,798
Depreciation, amortization and impairments	42,577		12,573			13,846			1,522			70,518
G&A expenses	44,494		9,042			9,782			—			63,318
Operating profit	$	250,926	$	41,520		$	34,516		$	—		$	326,962



	Six Months Ended June 30, 2014
	(in thousands)
	Refined Products		Crude Oil			Marine Storage			Intersegment Eliminations			Total
Transportation and terminals revenue	$	442,725	$	147,459		$	81,021		$	—		$	671,205
Product sales revenue	430,044		—			3,676			—			433,720
Affiliate management fee revenue	—		9,497			630			—			10,127
Total revenue	872,769		156,956			85,327			—			1,115,052
Operating expenses	148,459		20,925			30,630			(1,643		)	198,371
Cost of product sales	306,573		—			570			—			307,143
Earnings of non-controlled entities	—		(708		)	(1,713		)	—			(2,421		)
Operating margin	417,737		136,739			55,840			1,643			611,959
Depreciation, amortization and impairments	55,255		13,188			14,322			1,643			84,408
G&A expenses	48,393		13,691			12,160			—			74,244
Operating profit	$	314,089	$	109,860		$	29,358		$	—		$	453,307