v3.19.3.a.u2

Revenue from Contract with Customers (Tables)

12 Months Ended

Dec. 31, 2019

Revenue from Contract with Customer [Abstract]

Revenue

The following tables provide details of our revenues disaggregated by key activities that comprise our performance obligations by operating segment (in thousands):

		Year Ended December 31, 2018
		Refined Products				Crude Oil				Marine Storage				Intersegment Eliminations				Total
Transportation		$	749,266			$	337,690			$	—			$	—			$	1,086,956
Terminalling		179,999				6,365				2,649				—				189,013
Storage		100,564				119,606				135,963				(3,691		)		352,442
Ancillary services		111,009				25,590				25,674				—				162,273
Lease revenue		11,142				60,598				16,564				—				88,304
Transportation and terminals revenue		1,151,980				549,849				180,850				(3,691		)		1,878,988
Product sales revenue		872,144				46,767				8,309				—				927,220
Affiliate management fee revenue		1,512				14,832				4,021				—				20,365
Total revenue		2,025,636				611,448				193,180				(3,691		)		2,826,573
Revenue not under the guidance of ASC 606:
Lease revenue(1)		(11,142		)		(60,598		)		(16,564		)		—				(88,304		)
(Gains) losses from futures contracts included in product sales revenue(2)		(85,643		)		632				—				—				(85,011		)
Affiliate management fee revenue		(1,512		)		(14,832		)		(4,021		)		—				(20,365		)
Total revenue from contracts with customers under ASC 606		$	1,927,339			$	536,650			$	172,595			$	(3,691	)		$	2,632,893

(1) Lease revenue is accounted for under ASC 840, Leases.

(2) The impact on product sales revenue from futures contracts falls under the guidance of ASC 815, Derivatives and Hedging.

		Year Ended December 31, 2019
		Refined Products				Crude Oil				Marine Storage				Intersegment Eliminations				Total
Transportation		$	778,394			$	343,782			$	—			$	—			$	1,122,176
Terminalling		181,599				17,822				3,409				—				202,830
Storage		104,423				139,988				137,127				(5,417		)		376,121
Ancillary services		111,387				27,270				29,774				—				168,431
Lease revenue		11,163				73,183				16,726				—				101,072
Transportation and terminals revenue		1,186,966				602,045				187,036				(5,417		)		1,970,630
Product sales revenue		699,766				28,280				8,046				—				736,092
Affiliate management fee revenue		1,747				14,471				4,972				—				21,190
Total revenue		1,888,479				644,796				200,054				(5,417		)		2,727,912
Revenue not under the guidance of ASC 606:
Lease revenue(1)		(11,163		)		(73,183		)		(16,726		)		—				(101,072		)
(Gains) losses from futures contracts included in product sales revenue(2)		69,538				3,024				—				—				72,562
Affiliate management fee revenue		(1,747		)		(14,471		)		(4,972		)		—				(21,190		)
Total revenue from contracts with customers under ASC 606		$	1,945,107			$	560,166			$	178,356			$	(5,417	)		$	2,678,212

(1) Lease revenue is accounted for under ASC 842, Leases.

(2) The impact on product sales revenue from futures contracts falls under the guidance of ASC 815, Derivatives and Hedging.

Contract with Customer, Asset and Liability

The following table summarizes our accounts receivable, contract assets and contract liabilities resulting from contracts with customers (in thousands):

		December 31, 2018				December 31, 2019
Accounts receivable from contracts with customers		$	102,684			$	124,701
Contract assets		$	8,487			$	8,071
Contract liabilities		$	122,129			$	111,670

Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction

The following table provides the aggregate amount of the transaction price allocated to our UPOs as of December 31, 2019 by operating segment, including the range of years remaining on our contracts with customers and an estimate of revenues expected to be recognized over the next 12 months (dollars in thousands):

		Refined Products				Crude Oil				Marine Storage				Total
Balances at December 31, 2019		$	2,090,504			$	1,131,938			$	177,703			$	3,400,145
Remaining terms		1 - 19 years				1 - 10 years				1 - 5 years
Estimated revenues from UPOs to be recognized in the next 12 months		$	337,402			$	293,272			$	101,754			$	732,428

X

- Definition

Tabular disclosure of contract balances and changes in contract balances.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=118956577&loc=SL49130551-203045

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- Definition

Tabular disclosure of expected timing for satisfying remaining performance obligation.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (b)(1)
-URI http://asc.fasb.org/extlink&oid=118956577&loc=SL49130556-203045

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- Definition

Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e9031-108599

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