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 September 30, 2013
	(in thousands)
	Refined Products		Crude Oil			Marine Storage			Intersegment Eliminations			Total
Transportation and terminals revenue	$	205,859	$	49,519		$	39,948		$	—		$	295,326
Product sales revenue	143,549		—			1,303			—			144,852
Affiliate management fee revenue	—		3,369			288			—			3,657
Total revenue	349,408		52,888			41,539			—			443,835
Operating expenses	82,174		4,034			17,813			(759		)	103,262
Cost of product sales	120,429		—			(130		)	—			120,299
Earnings of non-controlled entities	—		(1,770		)	(605		)	—			(2,375		)
Operating margin	146,805		50,624			24,461			759			222,649
Depreciation and amortization expense	21,851		5,538			7,122			759			35,270
G&A expenses	22,741		5,100			4,914			—			32,755
Operating profit	$	102,213	$	39,986		$	12,425		$	—		$	154,624



	Three Months Ended September 30, 2014
	(in thousands)
	Refined Products		Crude Oil			Marine Storage			Intersegment Eliminations			Total
Transportation and terminals revenue	$	237,972	$	78,839		$	43,706		$	—		$	360,517
Product sales revenue	155,134		—			731			—			155,865
Affiliate management fee revenue	—		4,902			317			—			5,219
Total revenue	393,106		83,741			44,754			—			521,601
Operating expenses	101,206		14,375			17,691			(885		)	132,387
Cost of product sales	91,407		—			184			—			91,591
Earnings of non-controlled entities	—		(959		)	(686		)	—			(1,645		)
Operating margin	200,493		70,325			27,565			885			299,268
Depreciation and amortization expense	23,050		6,918			7,201			885			38,054
G&A expenses	22,600		7,635			5,142			—			35,377
Operating profit	$	154,843	$	55,772		$	15,222		$	—		$	225,837



	Nine Months Ended September 30, 2013
	(in thousands)
	Refined Products		Crude Oil			Marine Storage			Intersegment Eliminations			Total
Transportation and terminals revenue	$	573,615	$	113,905		$	117,539		$	—		$	805,059
Product sales revenue	499,285		—			5,200			—			504,485
Affiliate management fee revenue	—		9,767			857			—			10,624
Total revenue	1,072,900		123,672			123,596			—			1,320,168
Operating expenses	194,911		13,168			40,060			(2,281		)	245,858
Cost of product sales	393,187		—			2,838			—			396,025
Earnings of non-controlled entities	—		(3,255		)	(1,907		)	—			(5,162		)
Operating margin	484,802		113,759			82,605			2,281			683,447
Depreciation and amortization expense	64,428		18,111			20,968			2,281			105,788
G&A expenses	67,235		14,142			14,696			—			96,073
Operating profit	$	353,139	$	81,506		$	46,941		$	—		$	481,586



	Nine Months Ended September 30, 2014
	(in thousands)
	Refined Products		Crude Oil			Marine Storage			Intersegment Eliminations			Total
Transportation and terminals revenue	$	680,697	$	226,298		$	124,727		$	—		$	1,031,722
Product sales revenue	585,178		—			4,407			—			589,585
Affiliate management fee revenue	—		14,399			947			—			15,346
Total revenue	1,265,875		240,697			130,081			—			1,636,653
Operating expenses	249,665		35,300			48,321			(2,528		)	330,758
Cost of product sales	397,980		—			754			—			398,734
Earnings of non-controlled entities	—		(1,667		)	(2,399		)	—			(4,066		)
Operating margin	618,230		207,064			83,405			2,528			911,227
Depreciation and amortization expense	78,305		20,106			21,523			2,528			122,462
G&A expenses	70,993		21,326			17,302			—			109,621
Operating profit	$	468,932	$	165,632		$	44,580		$	—		$	679,144

	As of September 30, 2014
Segment assets	$	2,849,397	$	1,732,464		$	638,948		$	—		$	5,220,809
Corporate assets												90,587
Total assets												$	5,311,396