Condensed Consolidating Financial Information | 12 Months Ended |
Dec. 31, 2014 |
Condensed Financial Information of Parent Company Only Disclosure [Abstract] | |
Condensed Consolidating Financial Information Disclosure | Condensed Consolidating Financial Information |
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We are a holding company and own no operating assets and have no significant operations independent of our subsidiaries. Obligations under the CEQP Senior Notes and the CEQP Credit Facility are jointly and severally guaranteed by our wholly owned domestic subsidiaries. Legacy Crestwood GP and Crestwood Midstream and its wholly owned subsidiaries (collectively, Non-Guarantor Subsidiaries) do not guarantee our obligations under CEQP Senior Notes or CEQP Credit Facility. CEQP Finance Corp., the co-issuer of the CEQP Senior Notes, is our 100% owned subsidiary and has no material assets, operations, revenues or cash flows other than those related to its service as co-issuer of our senior notes. |
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As summarized in the table below, the condensed consolidating statement of cash flows for the year ended December 31, 2013 has been corrected for certain errors in presentation. There was no impact to our consolidated statement of cash flows for the year ended December 31, 2013. |
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| Parent | | Guarantor Subsidiaries | | Eliminations |
| As Adjusted | | As Previously Reported | | As Adjusted | | As Previously Reported | | As Adjusted | | As Previously Reported |
| (in millions) |
Cash flows from operating activities: | $ | (12.3 | ) | | $ | — | | | $ | 14.1 | | | $ | 1.8 | | | $ | — | | | $ | — | |
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Cash flows from investing activities: | | | | | | | | | | | |
Capital contributions from consolidated affiliates, net and other | 20.7 | | | 76 | | | 0.1 | | | 17 | | | (20.7 | ) | | (92.9 | ) |
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Net cash provided by (used in) investing activities | 20.7 | | | 76 | | | (6.4 | ) | | 10.5 | | | (20.7 | ) | | (92.9 | ) |
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Cash flows from financing activities: | | | | | | | | | | | |
Proceeds from the issuance of long-term debt | 394.1 | | | — | | | — | | | 394.1 | | | — | | | — | |
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Principal payments on long-term debt | (333.3 | ) | | — | | | — | | | (333.3 | ) | | — | | | — | |
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Distributions paid to partners | (68.4 | ) | | (76.0 | ) | | — | | | (59.1 | ) | | 26.2 | | | 92.9 | |
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Change in intercompany balances | 0.4 | | | — | | | (0.4 | ) | | — | | | — | | | — | |
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Other | (1.1 | ) | | 0.1 | | | (4.9 | ) | | (11.6 | ) | | (5.5 | ) | | — | |
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Net cash provided by (used in) financing activities | (8.3 | ) | | (75.9 | ) | | (5.3 | ) | | (9.9 | ) | | 20.7 | | | 92.9 | |
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The tables below present condensed consolidating financial statements for us (parent) on a stand-alone, unconsolidated basis, and our combined guarantor and combined non-guarantor subsidiaries as of and for the years ended December 31, 2014 and 2013. The financial information may not necessarily be indicative of the results of operations, cash flows or financial position had the subsidiaries operated as independent entities. As discussed in Note 2, the accounting for the reverse acquisition of Legacy Inergy results in Legacy Inergy's historical operations being acquired on June 19, 2013. The CEQP Senior Notes are thus not included in the financial statements prior to June 19, 2013. Since Legacy Crestwood GP (the accounting predecessor) does not guarantee any debt, the condensed consolidated financial statements do not include financial information for the year ended December 31, 2012. |
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Condensed Consolidating Balance Sheet | | | | |
31-Dec-14 | | | | |
(in millions) | | | | |
| Parent | | Guarantor | | Non- | | Eliminations | | Consolidated | | | | |
Subsidiaries | Guarantor | | | | |
| Subsidiaries | | | | |
Assets | | | | | | | | | | | | | |
Current assets: | | | | | | | | | | | | | |
Cash | $ | 3.7 | | | $ | 0.5 | | | $ | 4.6 | | | $ | — | | | $ | 8.8 | | | | | |
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Accounts receivable | — | | | 137.5 | | | 241.5 | | | — | | | 379 | | | | | |
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Accounts receivable - related party | — | | | 0.3 | | | 0.3 | | | — | | | 0.6 | | | | | |
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Accounts receivable - intercompany | 3.2 | | | — | | | — | | | (3.2 | ) | | — | | | | | |
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Total accounts receivable | 3.2 | | | 137.8 | | | 241.8 | | | (3.2 | ) | | 379.6 | | | | | |
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Inventories | — | | | 38.6 | | | 8 | | | — | | | 46.6 | | | | | |
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Other current assets | — | | | 84.4 | | | 18.7 | | | — | | | 103.1 | | | | | |
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Total current assets | 6.9 | | | 261.3 | | | 273.1 | | | (3.2 | ) | | 538.1 | | | | | |
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Property, plant and equipment, net | 2.5 | | | 227.1 | | | 3,664.20 | | | — | | | 3,893.80 | | | | | |
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Goodwill and intangible assets, net | 1.7 | | | 706.7 | | | 3,014.70 | | | — | | | 3,723.10 | | | | | |
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Investment in consolidated affiliates | 5,971.20 | | | — | | | — | | | (5,971.2 | ) | | — | | | | | |
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Investment in unconsolidated affiliates | — | | | — | | | 295.1 | | | — | | | 295.1 | | | | | |
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Other assets | — | | | 9.9 | | | 1.4 | | | — | | | 11.3 | | | | | |
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Total assets | $ | 5,982.30 | | | $ | 1,205.00 | | | $ | 7,248.50 | | | $ | (5,974.4 | ) | | $ | 8,461.40 | | | | | |
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Liabilities and partners' capital | | | | | | | | | | | | | |
Current liabilities: | | | | | | | | | | | | | |
Accounts payable | $ | — | | | $ | 109.5 | | | $ | 126.1 | | | $ | — | | | $ | 235.6 | | | | | |
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Accounts payable - related party | — | | | 2.5 | | | 3.1 | | | — | | | 5.6 | | | | | |
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Accounts payable - intercompany | — | | | — | | | 3.2 | | | (3.2 | ) | | — | | | | | |
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Total accounts payable | — | | | 112 | | | 132.4 | | | (3.2 | ) | | 241.2 | | | | | |
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Other current liabilities | 4.9 | | | 56.1 | | | 122.7 | | | — | | | 183.7 | | | | | |
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Total current liabilities | 4.9 | | | 168.1 | | | 255.1 | | | (3.2 | ) | | 424.9 | | | | | |
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Long-term liabilities: | | | | | | | | | | | | | |
Long-term debt, less current portion | 380 | | | — | | | 2,012.80 | | | — | | | 2,392.80 | | | | | |
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Other long-term liabilities | 12.9 | | | 15.1 | | | 31.2 | | | — | | | 59.2 | | | | | |
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Total long-term liabilities | 392.9 | | | 15.1 | | | 2,044.00 | | | — | | | 2,452.00 | | | | | |
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Partners' capital | 776.2 | | | 1,021.80 | | | 141.1 | | | (1,162.9 | ) | | 776.2 | | | | | |
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Interest of non-controlling partners in subsidiaries | 4,808.30 | | | — | | | 4,808.30 | | | (4,808.3 | ) | | 4,808.30 | | | | | |
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Total partners' capital | 5,584.50 | | | 1,021.80 | | | 4,949.40 | | | (5,971.2 | ) | | 5,584.50 | | | | | |
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Total liabilities and partners' capital | $ | 5,982.30 | | | $ | 1,205.00 | | | $ | 7,248.50 | | | $ | (5,974.4 | ) | | $ | 8,461.40 | | | | | |
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Condensed Consolidating Balance Sheet | | | | |
31-Dec-13 | | | | |
(in millions) | | | | |
| Parent | | Guarantor | | Non- | | Eliminations | | Consolidated | | | | |
Subsidiaries | Guarantor | | | | |
| Subsidiaries | | | | |
Assets | | | | | | | | | | | | | |
Current assets: | | | | | | | | | | | | | |
Cash | $ | 0.1 | | | $ | 2.4 | | | $ | 2.7 | | | $ | — | | | $ | 5.2 | | | | | |
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Accounts receivable | — | | | 207.5 | | | 205.1 | | | — | | | 412.6 | | | | | |
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Accounts receivable - intercompany | — | | | — | | | — | | | — | | | — | | | | | |
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Total accounts receivable | — | | | 207.5 | | | 205.1 | | | — | | | 412.6 | | | | | |
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Inventories | — | | | 66.6 | | | 7 | | | — | | | 73.6 | | | | | |
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Other current assets | — | | | 25.8 | | | 10.2 | | | (5.4 | ) | | 30.6 | | | | | |
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Total current assets | 0.1 | | | 302.3 | | | 225 | | | (5.4 | ) | | 522 | | | | | |
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Property, plant and equipment, net | — | | | 400.9 | | | 3,504.40 | | | — | | | 3,905.30 | | | | | |
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Goodwill and intangible assets, net | — | | | 742.4 | | | 3,170.20 | | | — | | | 3,912.60 | | | | | |
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Investment in consolidated affiliates | 5,927.10 | | | — | | | — | | | (5,927.1 | ) | | — | | | | | |
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Investment in unconsolidated affiliates | — | | | — | | | 151.4 | | | — | | | 151.4 | | | | | |
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Other assets | — | | | 10.2 | | | 21.7 | | | — | | | 31.9 | | | | | |
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Total assets | $ | 5,927.20 | | | $ | 1,455.80 | | | $ | 7,072.70 | | | $ | (5,932.5 | ) | | $ | 8,523.20 | | | | | |
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Liabilities and partners' capital | | | | | | | | | | | | | |
Current liabilities: | | | | | | | | | | | | | |
Accounts payable | $ | — | | | $ | 218.3 | | | $ | 157.1 | | | $ | — | | | $ | 375.4 | | | | | |
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Accounts payable - related party | — | | | — | | | 3.6 | | | — | | | 3.6 | | | | | |
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Accounts payable - intercompany | — | | | — | | | — | | | — | | | — | | | | | |
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Total accounts payable | — | | | 218.3 | | | 160.7 | | | — | | | 379 | | | | | |
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Other current liabilities | 4.2 | | | 61.6 | | | 156.7 | | | (5.4 | ) | | 217.1 | | | | | |
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Total current liabilities | 4.2 | | | 279.9 | | | 317.4 | | | (5.4 | ) | | 596.1 | | | | | |
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Long-term liabilities: | | | | | | | | | | | | | |
Long-term debt, less current portion | 393 | | | — | | | 1,867.90 | | | — | | | 2,260.90 | | | | | |
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Other long-term liabilities | 21.4 | | | 109.9 | | | 26.3 | | | — | | | 157.6 | | | | | |
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Total long-term liabilities | 414.4 | | | 109.9 | | | 1,894.20 | | | — | | | 2,418.50 | | | | | |
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Partners' capital | 831.6 | | | 1,066.00 | | | 184.1 | | | (1,250.1 | ) | | 831.6 | | | | | |
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Interest of non-controlling partners in subsidiaries | 4,677.00 | | | — | | | 4,677.00 | | | (4,677.0 | ) | | 4,677.00 | | | | | |
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Total partners' capital | 5,508.60 | | | 1,066.00 | | | 4,861.10 | | | (5,927.1 | ) | | 5,508.60 | | | | | |
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Total liabilities and partners' capital | $ | 5,927.20 | | | $ | 1,455.80 | | | $ | 7,072.70 | | | $ | (5,932.5 | ) | | $ | 8,523.20 | | | | | |
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Condensed Consolidating Statements of Operations | | | | |
Year Ended December 31, 2014 | | | | |
(in millions) | | | | |
| Parent | | Guarantor | | Non- | | Eliminations | | Consolidated | | | | |
Subsidiaries | Guarantor | | | | |
| Subsidiaries | | | | |
Revenues: | | | | | | | | | | | | | |
Gathering and processing | $ | — | | | $ | — | | | $ | 328.5 | | | $ | — | | | $ | 328.5 | | | | | |
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Storage and transportation | — | | | 13.8 | | | 179.1 | | | — | | | 192.9 | | | | | |
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NGL and crude services | — | | | 1,366.60 | | | 2,040.30 | | | — | | | 3,406.90 | | | | | |
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Related party | — | | | — | | | 17.6 | | | (14.6 | ) | | 3 | | | | | |
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| — | | | 1,380.40 | | | 2,565.50 | | | (14.6 | ) | | 3,931.30 | | | | | |
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Costs of product/services sold: | | | | | | | | | | | | | |
Gathering and processing | — | | | — | | | 29.1 | | | — | | | 29.1 | | | | | |
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Storage and transportation | — | | | 10.5 | | | 14.3 | | | — | | | 24.8 | | | | | |
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NGL and crude services | — | | | 1,218.30 | | | 1,851.90 | | | (1.0 | ) | | 3,069.20 | | | | | |
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Related party | — | | | 13.6 | | | 42.2 | | | (13.6 | ) | | 42.2 | | | | | |
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| — | | | 1,242.40 | | | 1,937.50 | | | (14.6 | ) | | 3,165.30 | | | | | |
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Expenses: | | | | | | | | | | | | | |
Operations and maintenance | — | | | 64.3 | | | 139 | | | — | | | 203.3 | | | | | |
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General and administrative | 8.5 | | | 6.3 | | | 85.4 | | | — | | | 100.2 | | | | | |
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Depreciation, amortization and accretion | — | | | 44.7 | | | 240.6 | | | — | | | 285.3 | | | | | |
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| 8.5 | | | 115.3 | | | 465 | | | — | | | 588.8 | | | | | |
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Other operating income (expense): | | | | | | | | | | | | | |
Gain (loss) on long-lived assets, net | — | | | 31.7 | | | (33.6 | ) | | — | | | (1.9 | ) | | | | |
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Goodwill impairment | — | | | — | | | (48.8 | ) | | — | | | (48.8 | ) | | | | |
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Loss on contingent consideration | — | | | — | | | (8.6 | ) | | — | | | (8.6 | ) | | | | |
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Operating income (loss) | (8.5 | ) | | 54.4 | | | 72 | | | — | | | 117.9 | | | | | |
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Earnings (loss) from unconsolidated affiliates, net | — | | | — | | | (0.7 | ) | | — | | | (0.7 | ) | | | | |
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Interest and debt expense, net | (15.7 | ) | | — | | | (111.4 | ) | | — | | | (127.1 | ) | | | | |
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Other income, net | — | | | 0.6 | | | — | | | — | | | 0.6 | | | | | |
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Equity in net income (loss) of subsidiary | 14.2 | | | — | | | — | | | (14.2 | ) | | — | | | | | |
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Income (loss) before income taxes | (10.0 | ) | | 55 | | | (40.1 | ) | | (14.2 | ) | | (9.3 | ) | | | | |
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Provision for income taxes | 0.4 | | | — | | | 0.7 | | | — | | | 1.1 | | | | | |
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Net income (loss) | (10.4 | ) | | 55 | | | (40.8 | ) | | (14.2 | ) | | (10.4 | ) | | | | |
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Net (income) loss attributable to non-controlling partners in subsidiaries | — | | | — | | | 66.8 | | | — | | | 66.8 | | | | | |
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Net income (loss) attributable to partners | $ | (10.4 | ) | | $ | 55 | | | $ | 26 | | | $ | (14.2 | ) | | $ | 56.4 | | | | | |
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Condensed Consolidating Statements of Operations | | | | |
Year Ended December 31, 2013 | | | | |
(in millions) | | | | |
| Parent | | Guarantor | | Non- | | Eliminations | | Consolidated | | | | |
Subsidiaries | Guarantor | | | | |
| Subsidiaries | | | | |
Revenues: | | | | | | | | | | | | | |
Gathering and processing | $ | — | | | $ | — | | | $ | 216.3 | | | $ | — | | | $ | 216.3 | | | | | |
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Storage and transportation | — | | | 14.1 | | | 90.1 | | | — | | | 104.2 | | | | | |
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NGL and crude services | — | | | 761.2 | | | 270.1 | | | — | | | 1,031.30 | | | | | |
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Related party | — | | | — | | | 82.1 | | | (7.2 | ) | | 74.9 | | | | | |
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| — | | | 775.3 | | | 658.6 | | | (7.2 | ) | | 1,426.70 | | | | | |
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Costs of product/services sold: | | | | | | | | | | | | | |
Gathering and processing | — | | | — | | | 24.1 | | | — | | | 24.1 | | | | | |
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Storage and transportation | — | | | 7 | | | 8.7 | | | — | | | 15.7 | | | | | |
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NGL and crude services | — | | | 699.6 | | | 230.4 | | | — | | | 930 | | | | | |
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Related party | — | | | 7.2 | | | 32.5 | | | (7.2 | ) | | 32.5 | | | | | |
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| — | | | 713.8 | | | 295.7 | | | (7.2 | ) | | 1,002.30 | | | | | |
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Expenses: | | | | | | | | | | | | | |
Operations and maintenance | — | | | 31.3 | | | 73.3 | | | — | | | 104.6 | | | | | |
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General and administrative | — | | | 10 | | | 83.5 | | | — | | | 93.5 | | | | | |
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Depreciation, amortization and accretion | — | | | 26 | | | 141.9 | | | — | | | 167.9 | | | | | |
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| — | | | 67.3 | | | 298.7 | | | — | | | 366 | | | | | |
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Other operating income (expense): | | | | | | | | | | | | | |
Gain (loss) on long-lived assets, net | — | | | (0.1 | ) | | 5.4 | | | — | | | 5.3 | | | | | |
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Goodwill impairment | — | | | — | | | (4.1 | ) | | — | | | (4.1 | ) | | | | |
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Loss on contingent consideration | — | | | — | | | (31.4 | ) | | — | | | (31.4 | ) | | | | |
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Operating income (loss) | — | | | (5.9 | ) | | 34.1 | | | — | | | 28.2 | | | | | |
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Earnings (loss) from unconsolidated affiliates, net | — | | | — | | | (0.1 | ) | | — | | | (0.1 | ) | | | | |
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Interest and debt expense, net | (6.5 | ) | | — | | | (71.4 | ) | | — | | | (77.9 | ) | | | | |
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Other income, net | — | | | 0.2 | | | — | | | — | | | 0.2 | | | | | |
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Equity in net income (loss) of subsidiary | (43.9 | ) | | — | | | — | | | 43.9 | | | — | | | | | |
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Income (loss) before income taxes | (50.4 | ) | | (5.7 | ) | | (37.4 | ) | | 43.9 | | | (49.6 | ) | | | | |
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Provision for income taxes | 0.2 | | | 0.1 | | | 0.7 | | | — | | | 1 | | | | | |
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Net income (loss) | (50.6 | ) | | (5.8 | ) | | (38.1 | ) | | 43.9 | | | (50.6 | ) | | | | |
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Net (income) loss attributable to non-controlling partners in subsidiaries | — | | | — | | | 57.3 | | | — | | | 57.3 | | | | | |
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Net income (loss) attributable to partners | $ | (50.6 | ) | | $ | (5.8 | ) | | $ | 19.2 | | | $ | 43.9 | | | $ | 6.7 | | | | | |
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Condensed Consolidating Statements of Comprehensive Income | | | | |
Year Ended December 31, 2014 | | | | |
(in millions) | | | | |
| Parent | | Guarantor | | Non- | | Eliminations | | Consolidated | | | | |
Subsidiaries | Guarantor | | | | |
| Subsidiaries | | | | |
Net income (loss) | $ | (10.4 | ) | | $ | 55 | | | $ | (40.8 | ) | | $ | (14.2 | ) | | $ | (10.4 | ) | | | | |
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Change in fair value of Suburban Propane Partners, LP units | (0.5 | ) | | — | | | — | | | — | | | (0.5 | ) | | | | |
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Comprehensive income (loss) | $ | (10.9 | ) | | $ | 55 | | | $ | (40.8 | ) | | $ | (14.2 | ) | | $ | (10.9 | ) | | | | |
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Condensed Consolidating Statements of Comprehensive Income | | | | |
Year Ended December 31, 2013 | | | | |
(in millions) | | | | |
| Parent | | Guarantor | | Non- | | Eliminations | | Consolidated | | | | |
Subsidiaries | Guarantor | | | | |
| Subsidiaries | | | | |
Net income (loss) | $ | (50.6 | ) | | $ | (5.8 | ) | | $ | (38.1 | ) | | $ | 43.9 | | | $ | (50.6 | ) | | | | |
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Change in fair value of Suburban Propane Partners, LP units | (0.1 | ) | | — | | | — | | | — | | | (0.1 | ) | | | | |
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Comprehensive income (loss) | $ | (50.7 | ) | | $ | (5.8 | ) | | $ | (38.1 | ) | | $ | 43.9 | | | $ | (50.7 | ) | | | | |
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Condensed Consolidating Statements of Cash Flows | | | | |
Year Ended December 31, 2014 | | | | |
(in millions) | | | | |
| Parent | | Guarantor | | Non- | | Eliminations | | Consolidated | | | | |
Subsidiaries | Guarantor | | | | |
| Subsidiaries | | | | |
Cash flows from operating activities: | $ | (25.3 | ) | | $ | (14.6 | ) | | $ | 322.9 | | | $ | — | | | $ | 283 | | | | | |
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Cash flows from investing activities: | | | | | | | | | | | | | |
Acquisitions, net of cash acquired | — | | | — | | | (19.5 | ) | | — | | | (19.5 | ) | | | | |
| | | |
Purchases of property, plant and equipment | (3.8 | ) | | (13.2 | ) | | (407.0 | ) | | — | | | (424.0 | ) | | | | |
| | | |
Investment in unconsolidated affiliates | 35.8 | | | — | | | (144.4 | ) | | — | | | (108.6 | ) | | | | |
| | | |
Proceeds from the sale of assets | — | | | 2.7 | | | — | | | — | | | 2.7 | | | | | |
| | | |
Proceeds from the sale of Tres Palacios | 66.4 | | | — | | | — | | | — | | | 66.4 | | | | | |
| | | |
Capital contributions from consolidated affiliates, net | 72.4 | | | — | | | — | | | (72.4 | ) | | — | | | | | |
| | | |
Net cash provided by (used in) investing activities | 170.8 | | | (10.5 | ) | | (570.9 | ) | | (72.4 | ) | | (483.0 | ) | | | | |
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Cash flows from financing activities: | | | | | | | | | | | | | |
Proceeds from the issuance of long-term debt | 734 | | | — | | | 2,089.90 | | | — | | | 2,823.90 | | | | | |
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Principal payments on long-term debt | (746.2 | ) | | — | | | (1,949.8 | ) | | — | | | (2,696.0 | ) | | | | |
| | | |
Payments on capital leases | — | | | — | | | (3.2 | ) | | — | | | (3.2 | ) | | | | |
| | | |
Payments for debt-related deferred costs | (1.8 | ) | | — | | | (0.1 | ) | | — | | | (1.9 | ) | | | | |
| | | |
Distributions paid to partners | (102.5 | ) | | — | | | (72.4 | ) | | 72.4 | | | (102.5 | ) | | | | |
| | | |
Distributions paid to non-controlling partners | — | | | — | | | (296.5 | ) | | — | | | (296.5 | ) | | | | |
| | | |
Net proceeds from issuance of preferred equity of subsidiary | — | | | — | | | 53.9 | | | — | | | 53.9 | | | | | |
| | | |
Net proceeds from issuance of CMLP Class A preferred units | — | | | — | | | 430.5 | | | — | | | 430.5 | | | | | |
| | | |
Taxes paid for unit-based compensation vesting | — | | | (2.3 | ) | | (1.6 | ) | | — | | | (3.9 | ) | | | | |
| | | |
Change in intercompany balances | (25.4 | ) | | 25.4 | | | — | | | — | | | — | | | | | |
| | | |
Other | — | | | 0.1 | | | (0.8 | ) | | — | | | (0.7 | ) | | | | |
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Net cash provided by (used in) financing activities | (141.9 | ) | | 23.2 | | | 249.9 | | | 72.4 | | | 203.6 | | | | | |
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| | | | | | | | | | | | | |
Net change in cash | 3.6 | | | (1.9 | ) | | 1.9 | | | — | | | 3.6 | | | | | |
| | | |
Cash at beginning of period | 0.1 | | | 2.4 | | | 2.7 | | | — | | | 5.2 | | | | | |
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Cash at end of period | $ | 3.7 | | | $ | 0.5 | | | $ | 4.6 | | | $ | — | | | $ | 8.8 | | | | | |
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Condensed Consolidating Statements of Cash Flows | | | | |
Year Ended December 31, 2013 | | | | |
(in millions) | | | | |
| Parent | | Guarantor | | Non- | | Eliminations | | Consolidated | | | | |
Subsidiaries | Guarantor | | | | |
| Subsidiaries | | | | |
Cash flows from operating activities: | $ | (12.3 | ) | | $ | 14.1 | | | $ | 186.5 | | | $ | — | | | $ | 188.3 | | | | | |
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| | | | | | | | | | | | | |
Cash flows from investing activities: | | | | | | | | | | | | | |
Acquisitions, net of cash acquired | — | | | 5.9 | | | (561.5 | ) | | — | | | (555.6 | ) | | | | |
| | | |
Purchases of property, plant and equipment | — | | | (12.4 | ) | | (334.6 | ) | | — | | | (347.0 | ) | | | | |
| | | |
Investment in unconsolidated affiliates, net | — | | | — | | | (151.5 | ) | | — | | | (151.5 | ) | | | | |
| | | |
Capital contributions from consolidated affiliates, net and other | 20.7 | | | 0.1 | | | 11.1 | | | (20.7 | ) | | 11.2 | | | | | |
| | | |
Net cash provided by (used in) investing activities | 20.7 | | | (6.4 | ) | | (1,036.5 | ) | | (20.7 | ) | | (1,042.9 | ) | | | | |
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| | | | | | | | | | | | | |
Cash flows from financing activities: | | | | | | | | | | | | | |
Proceeds from the issuance of long-term debt | 394.1 | | | — | | | 2,072.80 | | | — | | | 2,466.90 | | | | | |
| | | |
Principal payments on long-term debt | (333.3 | ) | | — | | | (1,634.3 | ) | | — | | | (1,967.6 | ) | | | | |
| | | |
Distributions paid to partners | (68.4 | ) | | — | | | (155.2 | ) | | 26.2 | | | (197.4 | ) | | | | |
| | | |
Distributions paid to non-controlling partners | — | | | — | | | (204.5 | ) | | — | | | (204.5 | ) | | | | |
| | | |
Net proceeds from the issuance of CMLP common units | — | | | — | | | 714 | | | — | | | 714 | | | | | |
| | | |
Net proceeds from issuance of preferred equity of subsidiary | — | | | — | | | 96.1 | | | — | | | 96.1 | | | | | |
| | | |
Change in intercompany balances | 0.4 | | | (0.4 | ) | | — | | | — | | | — | | | | | |
| | | |
Other | (1.1 | ) | | (4.9 | ) | | (36.3 | ) | | (5.5 | ) | | (47.8 | ) | | | | |
Net cash provided by (used in) financing activities | (8.3 | ) | | (5.3 | ) | | 852.6 | | | 20.7 | | | 859.7 | | | | | |
| | | |
| | | | | | | | | | | | | |
Net increase in cash | 0.1 | | | 2.4 | | | 2.6 | | | — | | | 5.1 | | | | | |
| | | |
Cash at beginning of period | — | | | — | | | 0.1 | | | — | | | 0.1 | | | | | |
| | | |
Cash at end of period | $ | 0.1 | | | $ | 2.4 | | | $ | 2.7 | | | $ | — | | | $ | 5.2 | | | | | |
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