Document_and_Entity_Informatio
Document and Entity Information (USD $) | 12 Months Ended | |||
Dec. 31, 2013 | Jun. 28, 2013 | Jan. 31, 2014 | Jan. 31, 2014 | |
Class A [Member] | Class B | |||
Document Type | '10-K | ' | ' | ' |
Amendment Flag | 'false | ' | ' | ' |
Document Period End Date | 31-Dec-13 | ' | ' | ' |
Document Fiscal Period Focus | 'FY | ' | ' | ' |
Document Fiscal Year Focus | '2013 | ' | ' | ' |
Entity Registrant Name | 'SemGroup Corporation | ' | ' | ' |
Entity Central Index Key | '0001489136 | ' | ' | ' |
Current Fiscal Year End Date | '--12-31 | ' | ' | ' |
Entity Filer Category | 'Large Accelerated Filer | ' | ' | ' |
Entity Common Stock, Shares Outstanding | ' | ' | 42,452,997 | 28,235 |
Entity Well-known Seasoned Issuer | 'Yes | ' | ' | ' |
Entity Public Float | ' | $2,259,318,526 | ' | ' |
Entity Current Reporting Status | 'Yes | ' | ' | ' |
Entity Voluntary Filers | 'No | ' | ' | ' |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Current assets: | ' | ' |
Cash and cash equivalents | $79,351 | $80,029 |
Restricted cash | 5,119 | 34,678 |
Accounts receivable (net of allowance of $3,661 and $3,687 at December 31, 2013 and 2012, respectively) | 323,965 | 346,169 |
Receivable from affiliates | 67,273 | 6,178 |
Inventories | 44,295 | 34,433 |
Other current assets | 14,011 | 18,516 |
Total current assets | 534,014 | 520,003 |
Property, plant and equipment (net of accumulated depreciation of $188,720 and $130,886 at December 31, 2013 and 2012, respectively) | 1,105,728 | 814,724 |
Equity method investments | 565,124 | 387,802 |
Goodwill | 62,021 | 9,884 |
Other intangible assets (net of accumulated amortization of $12,655 and $6,701 at December 31, 2013 and 2012, respectively) | 174,838 | 7,585 |
Other noncurrent assets, net | 28,889 | 8,181 |
Total assets | 2,470,614 | 1,748,179 |
Current liabilities: | ' | ' |
Accounts payable | 254,467 | 253,623 |
Payable to affiliates | 62,279 | 0 |
Accrued liabilities | 83,429 | 63,831 |
Payables to pre-petition creditors | 3,177 | 32,933 |
Warrant liability | 58,134 | 0 |
Deferred revenue | 25,538 | 18,973 |
Other current liabilities | 12,153 | 4,960 |
Current portion of long-term debt | 37 | 24 |
Total current liabilities | 499,214 | 374,344 |
Long-term debt | 615,088 | 206,062 |
Deferred income taxes | 100,945 | 65,620 |
Other noncurrent liabilities | 41,504 | 80,625 |
Commitments and contingencies (Note 17) | ' | ' |
SemGroup Corporation ownersb equity: | ' | ' |
Common stock (Note 18) | 425 | 420 |
Additional paid-in capital | 1,154,516 | 1,039,189 |
Treasury stock, at cost (Note 18) | -613 | -242 |
Accumulated deficit | -97,572 | -145,674 |
Accumulated other comprehensive loss | -2,854 | -1,299 |
Total SemGroup Corporation ownersb equity | 1,053,902 | 892,394 |
Noncontrolling interests in consolidated subsidiaries | 159,961 | 129,134 |
Total ownersb equity | 1,213,863 | 1,021,528 |
Total liabilities and ownersb equity | $2,470,614 | $1,748,179 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parenthetical) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Accounts receivable, net of allowance | $3,661 | $3,687 |
Property, plant and equipment, net of accumulated depreciation | 188,720 | 130,886 |
Other intangible assets, net of accumulated amortization | $12,655 | $6,701 |
Consolidated_Statements_of_Ope
Consolidated Statements of Operations and Comprehensive Income (Loss) (USD $) | 12 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Revenues: | ' | ' | ' |
Product | $1,145,104 | $953,738 | $1,237,313 |
Service | 140,198 | 117,721 | 123,345 |
Other | 141,714 | 166,038 | 104,588 |
Total revenues | 1,427,016 | 1,237,497 | 1,465,246 |
Expenses: | ' | ' | ' |
Costs of products sold, exclusive of depreciation and amortization shown below | 1,020,100 | 874,885 | 1,144,439 |
Operating | 223,585 | 224,700 | 155,041 |
General and administrative | 78,597 | 71,918 | 75,447 |
Depreciation and amortization | 66,409 | 48,210 | 49,823 |
Loss (gain) on disposal or impairment of long-lived assets, net | 239 | 3,531 | -301 |
Total expenses | 1,388,452 | 1,216,182 | 1,425,051 |
Earnings from equity method investments | 52,477 | 36,036 | 15,004 |
Gain on issuance of common units by equity method investee | 26,873 | 0 | 0 |
Operating income (loss) | 117,914 | 57,351 | 55,199 |
Other expenses (income): | ' | ' | ' |
Interest expense | 25,142 | 8,902 | 60,138 |
Foreign currency transaction loss (gain) | -1,633 | 298 | -3,450 |
Other expense (income), net | 45,906 | 21,271 | -11,539 |
Total other expenses, net | 69,415 | 30,471 | 45,149 |
Income (loss) from continuing operations before income taxes | 48,499 | 26,880 | 10,050 |
Income tax expense (benefit) | -17,254 | -2,078 | -2,310 |
Income (loss) from continuing operations | 65,753 | 28,958 | 12,360 |
Income (loss) from discontinued operations, net of income taxes | 59 | 2,939 | -9,548 |
Net income (loss) | 65,812 | 31,897 | 2,812 |
Less: net income attributable to noncontrolling interests | 17,710 | 9,797 | 435 |
Net income (loss) attributable to SemGroup | 48,102 | 22,100 | 2,377 |
Other comprehensive income (loss): | ' | ' | ' |
Currency translation adjustments | -6,363 | 12,635 | -13,075 |
Other, net of income tax | 4,808 | -59 | -1,915 |
Total other comprehensive income (loss) | -1,555 | 12,576 | -14,990 |
Comprehensive income (loss) | 64,257 | 44,473 | -12,178 |
Less: comprehensive income attributable to noncontrolling interests | 17,710 | 9,797 | 435 |
Comprehensive income (loss) attributable to SemGroup | $46,547 | $34,676 | ($12,613) |
Net income (loss) per common share (Note 18): | ' | ' | ' |
Basic | $1.14 | $0.53 | $0.06 |
Diluted | $1.13 | $0.52 | ($0.06) |
Consolidated_Statements_of_Cha
Consolidated Statements of Changes in Owners' Equity (USD $) | Total | Common Stock [Member] | Additional Paid-in Capital [Member] | Treasury Stock [Member] | Accumulated Deficit [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Noncontrolling Interest [Member] |
In Thousands | |||||||
Beginning Balance at Dec. 31, 2010 | $855,068 | $415 | $1,023,727 | $0 | ($170,189) | $1,115 | $0 |
Net income (loss) | 2,812 | 0 | 0 | 0 | 2,377 | 0 | 435 |
Other comprehensive income (loss) | -14,990 | 0 | 0 | 0 | 0 | -14,990 | 0 |
Non-cash equity compensation | 8,641 | 0 | 8,641 | 0 | 0 | 0 | 0 |
Issuance of common stock under compensation plans | 0 | 3 | -3 | 0 | 0 | 0 | 0 |
Net proceeds from issuance of Rose Rock Midstream, L.P. common units | 127,134 | 0 | 0 | 0 | 0 | 0 | 127,134 |
Ending Balance at Dec. 31, 2011 | 978,665 | 418 | 1,032,365 | 0 | -167,812 | -13,875 | 127,569 |
Net income (loss) | 31,897 | 0 | 0 | 0 | 22,100 | 0 | 9,797 |
Other comprehensive income (loss) | 12,576 | 0 | 0 | 0 | 0 | 12,576 | 0 |
Distributions to noncontrolling interests | -8,502 | 0 | 0 | 0 | 0 | 0 | -8,502 |
Non-cash equity compensation | 6,503 | 0 | 6,195 | 0 | 0 | 0 | 308 |
Issuance of common stock under compensation plans | 0 | 2 | -2 | 0 | 0 | 0 | 0 |
Repurchase of common stock | -242 | 0 | 0 | -242 | 0 | 0 | 0 |
Other | 0 | 0 | 0 | 0 | 38 | 0 | -38 |
Warrants exercised | 631 | 0 | 631 | 0 | 0 | 0 | 0 |
Ending Balance at Dec. 31, 2012 | 1,021,528 | 420 | 1,039,189 | -242 | -145,674 | -1,299 | 129,134 |
Net income (loss) | 65,812 | 0 | 0 | 0 | 48,102 | 0 | 17,710 |
Other comprehensive income (loss) | -1,555 | 0 | 0 | 0 | 0 | -1,555 | 0 |
Distributions to noncontrolling interests | -17,647 | 0 | 0 | 0 | 0 | 0 | -17,647 |
Non-cash equity compensation | 7,330 | 0 | 6,524 | 0 | 0 | 0 | 806 |
Issuance of common stock under compensation plans | 0 | 1 | -1 | 0 | 0 | 0 | 0 |
Repurchase of common stock | -371 | 0 | 0 | -371 | 0 | 0 | 0 |
Net proceeds from issuance of Rose Rock Midstream, L.P. common units | 210,226 | 0 | 0 | 0 | 0 | 0 | 210,226 |
Transfer of SemCrude Pipeline interest to Rose Rock | -67,291 | 0 | 112,929 | 0 | 0 | 0 | -180,220 |
Warrants exercised | 21,379 | 4 | 21,375 | 0 | 0 | 0 | 0 |
Dividends paid | -25,429 | 0 | -25,429 | 0 | 0 | 0 | 0 |
Unvested dividend equivalent rights | -119 | 0 | -71 | 0 | 0 | 0 | -48 |
Ending Balance at Dec. 31, 2013 | $1,213,863 | $425 | $1,154,516 | ($613) | ($97,572) | ($2,854) | $159,961 |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Cash flows from operating activities: | ' | ' | ' |
Net income (loss) | $65,812 | $31,897 | $2,812 |
Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ' | ' | ' |
Net unrealized (gain) loss related to derivative instruments | -974 | 1,196 | -14,114 |
Depreciation and amortization | 66,409 | 48,646 | 51,189 |
Loss (gain) on disposal or impairment of long-lived assets, net | 216 | 6,621 | -9,497 |
Equity earnings from investments | -52,477 | -36,036 | -15,004 |
Gain on issuance of common units by equity method investee | -26,873 | 0 | 0 |
Distributions from equity investments | 63,651 | 36,440 | 15,004 |
Amortization and write down of debt issuance costs | 2,732 | 2,425 | 30,338 |
Deferred tax benefit | -36,274 | -11,818 | -9,847 |
Non-cash compensation expense | 7,330 | 6,503 | 8,641 |
(Gain) loss on fair value of warrants | 46,433 | 21,310 | -5,012 |
Provision for uncollectible accounts receivable, net of recoveries | -372 | -315 | -7,421 |
Currency (gain) loss | -1,633 | 298 | -3,450 |
Changes in operating assets and liabilities (Note 22) | 39,861 | -14,283 | 11,408 |
Net cash provided by operating activities | 173,409 | 79,642 | 74,041 |
Cash flows from investing activities: | ' | ' | ' |
Capital expenditures | -215,609 | -119,319 | -65,995 |
Proceeds from sale of long-lived assets | 1,279 | 2,641 | 1,125 |
Investments in non-consolidated subsidiaries | -173,868 | -78,253 | -3,717 |
Payments to acquire businesses | -362,456 | 0 | 0 |
Proceeds from sale of non-consolidated affiliate | 0 | 3,500 | 0 |
Proceeds from the sale of SemStream assets | 0 | 12,250 | 93,054 |
Distributions in excess of equity in earnings of affiliates | 12,246 | 17,290 | 12,455 |
Net cash provided by (used in) investing activities | -738,408 | -161,891 | 36,922 |
Cash flows from financing activities: | ' | ' | ' |
Debt issuance costs | -14,936 | -707 | -12,533 |
Borrowings on debt and other obligations | 1,268,474 | 318,000 | 263,905 |
Principal payments on debt and other obligations | -859,412 | -222,066 | -503,189 |
Distributions to noncontrolling interests | -17,647 | -8,502 | 0 |
Proceeds from warrant exercises | 225 | 0 | 0 |
Repurchase of common stock | -371 | -242 | 0 |
Dividends paid | -25,429 | 0 | 0 |
Proceeds from issuance of Rose Rock Midstream, L.P. common units, net of offering costs | 210,226 | 0 | 127,134 |
Net cash provided by (used in) financing activities | 561,130 | 86,483 | -124,683 |
Effect of exchange rate changes on cash and cash equivalents | 3,191 | -610 | -34 |
Change in cash and cash equivalents | -678 | 3,624 | -13,754 |
Change in cash and cash equivalents included in discontinued operations | 0 | 2,792 | -454 |
Change in cash and cash equivalents from continuing operations | -678 | 6,416 | -14,208 |
Cash and cash equivalents at beginning of period | 80,029 | 73,613 | 87,821 |
Cash and cash equivalents at end of period | $79,351 | $80,029 | $73,613 |
Overview
Overview | 12 Months Ended | |
Dec. 31, 2013 | ||
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' | |
Overview | ' | |
OVERVIEW | ||
SemGroup Corporation is a Delaware corporation headquartered in Tulsa, Oklahoma that provides diversified services for end-users and consumers of crude oil, natural gas, natural gas liquids, refined products and asphalt. SemGroup Corporation began operations on November 30, 2009, as the successor entity of SemGroup, L.P., which was an Oklahoma limited partnership. | ||
On July 22, 2008 (the “Petition Date”), SemGroup, L.P. and certain subsidiaries filed petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code. Also on July 22, 2008, SemGroup, L.P.’s Canadian subsidiaries filed applications for creditor protection in Canada under the Companies’ Creditors Arrangement Act (the “CCAA”). Later during 2008, certain other U.S. subsidiaries filed petitions for reorganization. While in bankruptcy, SemGroup, L.P. filed a Plan of Reorganization with the court, which was confirmed on October 28, 2009. The Plan of Reorganization determined, among other things, how pre-Petition Date obligations would be settled, the equity structure of the reorganized company upon emergence, and the financing arrangements upon emergence. SemGroup Corporation emerged from bankruptcy on November 30, 2009 (the “Emergence Date”). | ||
The accompanying consolidated financial statements include the activities of SemGroup Corporation and its subsidiaries. The terms “we,” “our,” “us,” “the Company” and similar language used in these notes to consolidated financial statements refer to SemGroup Corporation and its subsidiaries. | ||
Our reportable segments include the following: | ||
• | Crude conducts crude oil transportation, storage, terminalling, gathering and marketing operations in the United States. Crude’s assets include: | |
• | the 2% general partner interest and a 51.6% limited partner interest in Rose Rock Midstream, L.P. ("Rose Rock"), which owns an approximate 624-mile crude oil pipeline network in Kansas and Oklahoma, a crude oil gathering, storage and marketing business in the Bakken Shale in North Dakota and Montana, a crude oil storage facility in Cushing, Oklahoma with a capacity of 7.35 million barrels and a crude oil trucking fleet of over 130 transport trucks and trailers; | |
• | a 51% ownership interest in White Cliffs Pipeline, L.L.C. (“White Cliffs”), which owns a 527-mile pipeline that transports crude oil from Platteville, Colorado to Cushing, Oklahoma (the "White Cliffs Pipeline”); and | |
• | a 50% ownership interest in Glass Mountain Pipeline LLC ("Glass Mountain" or "GMP"), which constructed and will maintain and operate a 210-mile crude oil pipeline system (the "Glass Mountain Pipeline") originating in Alva and Arnett, Oklahoma and terminating at Cushing, Oklahoma. | |
• | SemStream, which owns 9,133,409 common units representing 12.8% of the total limited partner interests, as of September 30, 2013, in NGL Energy Partners LP (“NGL Energy”) (NYSE: NGL), which owns and operates wholesale and retail propane storage and distribution assets, crude oil logistics and water treatment services in the United States, and a 11.78% interest in the general partner of NGL Energy. We report the results of our investment in NGL Energy on a one-quarter lag (Note 5). | |
• | SemCAMS, which provides natural gas gathering and processing services in Alberta, Canada. SemCAMS owns working interests in, and operates, four natural gas processing plants and a network of approximately 600 miles of natural gas gathering and transportation pipelines. | |
• | SemGas, which provides natural gas gathering and processing services in the United States. SemGas owns and operates over 1,300 miles of gathering pipelines in Kansas, Oklahoma, and Texas and three processing plants in Oklahoma and Texas. | |
• | SemLogistics, which provides refined product and crude oil storage services in the United Kingdom. SemLogistics owns a facility in Wales that has a storage capacity of approximately 8.7 million barrels. | |
• | SemMexico, which purchases, produces, stores, and distributes liquid asphalt cement products in Mexico. SemMexico operates twelve manufacturing plants, one emulsion distribution terminal and three portable rail unloading facilities. |
Consolidation_And_Basis_Of_Pre
Consolidation And Basis Of Presentation | 12 Months Ended |
Dec. 31, 2013 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' |
Consolidation and Basis of Presentation | ' |
CONSOLIDATION AND BASIS OF PRESENTATION | |
The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States. | |
Consolidated subsidiaries | |
Our consolidated financial statements include the accounts of our controlled subsidiaries, including Rose Rock. All significant transactions between our consolidated subsidiaries have been eliminated. Outside ownership interests in consolidated subsidiaries are reported as noncontrolling interests in the consolidated financial statements. | |
Proportionally consolidated assets | |
Our SemCAMS segment owns undivided interests in certain natural gas gathering and processing assets, for which we record only our proportionate share of the assets on the consolidated balance sheets. The net book value of the property, plant and equipment recorded by us associated with these undivided interests is approximately $206.4 million at December 31, 2013. We serve as operator of these facilities and incur the costs of operating the facilities (recorded as operating expenses in the consolidated statements of operations) and charge the other owners for their proportionate share of the costs (recorded as other revenue in the consolidated statements of operations). | |
Equity method investments | |
We own a 51% interest in White Cliffs. The other owners have substantive rights to participate in the management of White Cliffs. Because of this, we account for it under the equity method. In 2013, we sold two-thirds of our interest in SemCrude Pipeline, which holds the 51% interest in White Cliffs, to our consolidated subsidiary Rose Rock. We will continue to account for our interest under the equity method. No gain was recorded on the transaction as it was between entities under common control. | |
On November 1, 2011, we contributed the long-lived assets and certain working capital of our SemStream segment to NGL Energy in return for limited partner interests in NGL Energy, an interest in the general partner of NGL Energy, and cash for working capital (Note 7). We hold two seats on the board of directors of the general partner of NGL Energy, and we account for our investment in NGL Energy and its general partner under the equity method. | |
In April 2012, we formed a joint venture, Glass Mountain, to construct, maintain and operate a 210-mile crude oil pipeline system originating in Alva and Arnett, Oklahoma and terminating at Cushing, Oklahoma. Construction was completed in January 2014. The Glass Mountain Pipeline is accounted for under the equity method. Our joint venture partner is Gavilon, LLC ("Gavilon"), a subsidiary of NGL Energy. | |
Discontinued operations | |
During 2012, we completed the disposition of SemStream's residential propane supply business in Arizona, which is accounted for as a discontinued operation (Note 8). |
Summary_of_Significant_Account
Summary of Significant Accounting Policies | 12 Months Ended | |
Dec. 31, 2013 | ||
Accounting Policies [Abstract] | ' | |
Summary of Signifcant Accounting Policies | ' | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | ||
USE OF ESTIMATES—The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts and disclosures in the financial statements. Our significant estimates include, but are not limited to: (1) allowances for doubtful accounts receivable; (2) estimated useful lives of assets, which impact depreciation; (3) estimated fair values of long-lived assets used in impairment tests; (4) fair values of derivative instruments; and (5) accrual and disclosure of contingent losses. Although management believes these estimates are reasonable, actual results could differ materially from these estimates. | ||
CASH AND CASH EQUIVALENTS—Cash includes currency on hand and demand and time deposits with banks or other financial institutions. Cash equivalents include highly liquid investments with maturities of three months or less at the date of purchase. Balances at financial institutions may exceed federally insured limits. | ||
RESTRICTED CASH—Our Plan of Reorganization specified the total amount of consideration we would provide to all pre-petition creditors in settlement of their claims. At December 31, 2013, we had not yet completed the process of disbursing funds to settle pre-petition claims, as we had not yet completed the process of resolving all of the claims. The restricted cash balance of $5.1 million at December 31, 2013 is primarily restricted for this purpose. | ||
ACCOUNTS RECEIVABLE—Accounts receivable are reported net of the allowance for doubtful accounts. Our assessment of the allowance for doubtful accounts is based on several factors, including the overall creditworthiness of our customers, existing economic conditions, and the amount and age of past due accounts. We enter into netting arrangements with certain counterparties to help mitigate credit risk. Receivables subject to netting are presented as gross receivables (with the related accounts payable also presented gross) until such time as the balances are settled. Receivables are considered past due if full payment is not received by the contractual due date. Past due accounts are written off against the allowance for doubtful accounts only after all collection attempts have been exhausted. | ||
INVENTORIES—Inventories primarily consist of natural gas and natural gas liquids, crude oil, and asphalt. Inventories are valued at the lower of cost or market, with cost generally determined using the weighted-average method. The cost of inventory includes applicable transportation costs. | ||
We enter into exchanges with third parties whereby we acquire products that differ in location, grade, or delivery date from products we have available for sale. These exchanges are valued at cost, and although a transportation, location or product differential may be recorded, generally no gain or loss is recognized. | ||
PROPERTY, PLANT AND EQUIPMENT—Property, plant and equipment is recorded at cost. We capitalize costs that extend or increase the future economic benefits of property, plant and equipment, and expense maintenance costs that do not. When assets are disposed of, their cost and related accumulated depreciation are removed from the balance sheet, and any resulting gain or loss is recorded as a gain or loss on disposal or impairment of long-lived assets in the consolidated statements of operations. | ||
Our SemCAMS segment operates plants which periodically undergo planned major maintenance activities, typically occurring every four to five years. Planned major maintenance projects that do not increase the overall life or capacity of the related assets are recorded in operating expense as incurred, whereas major maintenance activity costs that materially increase the life or capacity of the underlying assets are capitalized. When maintenance expenses are recoverable from the producers who use the plants, they are recorded as revenue, and typically include a 10% overhead fee. | ||
Depreciation is calculated primarily on the straight-line method over the following estimated useful lives: | ||
Pipelines and related facilities | 10 – 31 years | |
Storage and terminal facilities | 10 – 25 years | |
Natural gas gathering and processing facilities | 10 – 31 years | |
Office and other property and equipment | 3 – 31 years | |
Construction in process is reclassified to the fixed asset categories above and depreciation commences once the asset has been placed in-service. | ||
LINEFILL—Pipelines and storage facilities generally require a minimum volume of product in the system to enable the system to operate. Such product, known as linefill, is generally not available to be withdrawn from the system. Linefill owned by us in facilities operated by us is recorded at historical cost, is included in property, plant and equipment in the consolidated balance sheets, and is not depreciated. We also own linefill in third-party facilities, which is included in inventory on the consolidated balance sheets. | ||
IMPAIRMENT OF LONG-LIVED ASSETS—We test long-lived asset groups for impairment when events or circumstances indicate that the net book value of the asset group may not be recoverable. We test an asset group for impairment by estimating the undiscounted cash flows expected to result from its use and eventual disposition. If the estimated undiscounted cash flows are lower than the net book value of the asset group, we then estimate the fair value of the asset group and record a reduction to the net book value of the assets and a corresponding impairment loss. | ||
GOODWILL—We test goodwill for impairment on an annual basis, or more often if circumstances warrant, by estimating the fair value of the asset group to which the goodwill relates and comparing this fair value to the net book value of the asset group. If fair value is less than net book value, we estimate the implied fair value of goodwill, reduce the book value of the goodwill to the implied fair value, and record a corresponding impairment loss. Our policy is to test goodwill for impairment on October 1 of each year. See Note 7 for discussion of goodwill impairment. | ||
During September 2011, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2011-08, “Testing Goodwill for Impairment”. This ASU is designed to simplify how entities test goodwill for impairment. Under the new standard, an entity may first assess qualitative factors to determine whether it is more likely than not that the fair value of an asset group is less than the carrying amount, for the purpose of determining whether it is necessary to estimate the fair value of the asset group to which the goodwill relates. We adopted this guidance on January 1, 2012. We tested goodwill for impairment on October 1st in accordance with our policy. However, we did not elect to perform the qualitative assessment for impairment testing. | ||
INTANGIBLE ASSETS—Intangible assets are stated at cost, net of accumulated amortization, which is recorded on a straight-line or accelerated basis over the life of the asset. We review amortizable intangible assets for impairment whenever events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. If such a review should indicate that the carrying amount of amortizable intangible assets is not recoverable, we reduce the carrying amount of such assets to fair value. | ||
EQUITY METHOD INVESTMENTS—We account for an investment under the equity method when we have significant influence over, but not control of, the significant operating decisions of the investee. Under the equity method, we record in the consolidated statements of operations our share of the earnings or losses of the investee, with a corresponding adjustment to the investment balance on our consolidated balance sheet. When we receive a distribution from an equity method investee, we record a corresponding reduction to the investment balance. When an equity method investee issues additional ownership interests which dilute our ownership interest, we recognize a gain or loss in our consolidated statements of operations. | ||
For equity method investments for which we do not expect financial information to be consistently available on a timely basis to apply the equity method currently, our policy is to apply the equity method consistently on a one-quarter lag. | ||
DEBT ISSUANCE COSTS—Costs incurred in connection with the issuance of long-term debt are reported as other noncurrent assets and are amortized to interest expense using the straight-line method over the term of the related debt. Use of the straight-line method of amortization does not differ materially from the “effective interest” method. | ||
COMMODITY DERIVATIVE INSTRUMENTS—We generally record the fair value of commodity derivative instruments on the consolidated balance sheets and the change in fair value as an increase or decrease to product revenue. | ||
As shown in Note 14, the fair value of commodity derivatives at December 31, 2013 and 2012 are recorded to other current assets or other current liabilities on the consolidated balance sheets. Related margin deposits are recorded to other current assets or other current liabilities on the consolidated balance sheets. Margin deposits are not generally netted against derivative assets or liabilities. | ||
The fair value of a derivative contract is determined based on the nature of the transaction and the market in which the transaction was executed. Quoted market prices, when available, are used to value derivative transactions. In situations where quoted market prices are not readily available, we estimate the fair value using other valuation techniques that reflect the best information available under the circumstances. Fair value measurements of derivative assets include consideration of counterparty credit risk. Fair value measurements of derivative liabilities include consideration of our creditworthiness. | ||
We have elected “normal purchase” and “normal sale” treatment for certain commitments to purchase or sell petroleum products at future dates. This election is only available when a transaction that would ordinarily meet the definition of a derivative but instead is expected to result in physical delivery of product over a reasonable period in the normal course of business and is not expected to be net settled. Agreements accounted for under this election are not recorded at fair value; instead, the transaction is recorded when the product is delivered. | ||
On January 31, 2013, the FASB issued ASU 2013-01, "Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities," which clarifies the scope of the offsetting disclosure requirements in ASU 2011-11, "Disclosures About Offsetting Assets and Liabilities." Under ASU 2013-01, the disclosure requirements apply to derivative instruments accounted for in accordance with Accounting Standards Codification ("ASC") 815, "Derivatives and Hedging," including bifurcated embedded derivatives, repurchase agreements and reverse repurchase agreements, and securities borrowing and securities lending arrangements that are either offset on the balance sheet or subject to an enforceable master netting arrangement or similar agreement. ASU 2013-01 is effective for fiscal years beginning on or after January 1, 2013, and interim periods within those years. Retrospective application is required for all comparative periods presented. We adopted this guidance in the first quarter of 2013. The impact of adoption was not material. | ||
PAYABLES TO PRE-PETITION CREDITORS—Our Plan of Reorganization specified the total amount of consideration we would provide to all pre-petition creditors in settlement of their claims. At December 31, 2013, we had not yet completed the process of disbursing funds to settle pre-petition claims, as we had not yet completed the process of resolving all of the claims. We recorded a liability of $3.2 million at December 31, 2013 associated with these obligations and a liability of $0.7 million which is associated with discontinued operations and is reported within other current liabilities. Restricted cash of $5.1 million primarily relates to payables to pre-petition creditors and is held in accounts restricted for this purpose. | ||
CONTINGENT LOSSES—We record a liability for a contingent loss when it is probable that a loss has been incurred and the amount of the loss can be reasonably estimated. We record attorneys’ fees incurred in connection with a contingent loss at the time the fees are incurred. We do not record liabilities for attorneys’ fees that are expected to be incurred in the future. | ||
ASSET RETIREMENT OBLIGATIONS—Asset retirement obligations include legal or contractual obligations associated with the retirement of long-lived assets, such as requirements to incur costs to dispose of equipment or to remediate the environmental impacts of the normal operation of the assets. We record liabilities for asset retirement obligations when a known obligation exists under current law or contract and when a reasonable estimate of the value of the liability can be made. | ||
DISCONTINUED OPERATIONS—We classify a component of our business as a discontinued operation when we commit to a plan to sell the component and believe it is probable that a sale will be completed within one year. A component that is disposed of in a manner other than by sale is classified as discontinued when the component is actually disposed. Investments accounted for under the equity method, or the cost method, do not qualify for treatment as discontinued operations. A component that is disposed of may not qualify for treatment as a discontinued operation if we have significant continuing involvement in the operations of the component after the disposal. | ||
Once a component meets the requirements to be classified as a discontinued operation, previous financial statements are retrospectively adjusted to reflect the component as a discontinued operation for all periods presented. Income and losses of discontinued operations (excluding corporate general and administrative expense allocations) are combined into one line on the consolidated statements of operations. The cash flows from discontinued operations are not separately identified in the consolidated statements of cash flows. | ||
REVENUE RECOGNITION—Sales of product, as well as gathering and marketing revenues, are recognized at the time title to the product transfers to the purchaser, which typically occurs upon receipt of the product by the purchaser. Terminal and storage revenues are recognized at the time the service is performed. Revenue for the transportation of product is recognized upon delivery of the product to its destination. Certain revenue transactions are reported on a net basis, including derivative instruments considered held for trading purposes and certain buy/sell transactions (see “Purchases and Sales of Inventory with the Same Counterparty”). Other revenue primarily represents operating cost recovery from working interest owners in certain processing plants and is recorded when earned in accordance with the terms of related agreements. Taxes collected from customers and remitted to governmental authorities are recorded on a net basis (excluded from revenue). | ||
COSTS OF PRODUCTS SOLD—Costs of products sold consists of the cost to purchase the product, the cost to transport the product to the point of sale, and the cost to store the product until it is sold. | ||
PURCHASES AND SALES OF INVENTORY WITH THE SAME COUNTERPARTY—We routinely enter into transactions to purchase inventory from, and sell inventory to, the same counterparty. Such transactions that are entered into in contemplation of one another are recorded on a net basis. | ||
CURRENCY TRANSLATION—The consolidated financial statements are presented in U.S. dollars. Our segments operate in four countries, and each segment has identified a “functional currency,” which is the primary currency in the environment in which the segment operates. The functional currencies include the U.S. dollar, the Canadian dollar, the British pound sterling, and the Mexican peso. | ||
At the end of each reporting period, the assets and liabilities of each segment are translated from its functional currency to U.S. dollars using the exchange rate at the end of the month. The monthly results of operations of each segment are generally translated from its functional currency to U.S. dollars using the average exchange rate during the month. Changes in exchange rates result in currency translation gains and losses, which are recorded within other comprehensive income (loss). | ||
Certain segments also enter into transactions in currencies other than their functional currencies. At the end of each reporting period, each segment re-measures the related receivables, payables, and cash to its functional currency using the exchange rate at the end of the period. Changes in exchange rates between the time the transactions were entered into and the end of the reporting period result in currency transaction gains or losses, which are recorded in the consolidated statements of operations. | ||
INCOME TAXES—Deferred income taxes are accounted for under the liability method, which takes into account the differences between the basis of the assets and liabilities for financial reporting purposes and amounts recognized for income tax purposes. We record valuation allowances on deferred tax assets when, in the opinion of management, it is more likely than not that the asset will not be recovered. | ||
We monitor uncertain tax positions and we recognize tax benefits only when management believes the relevant tax positions would more likely than not be sustained upon examination. We record any interest and any penalties related to income taxes within income tax expense in the consolidated statements of operations. | ||
In July 2013, the FASB issued ASU 2013-11, "Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists," which requires an unrecognized tax benefit to be classified as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward, except in certain circumstances. For public entities, this ASU is effective for fiscal years beginning on or after December 15, 2013, and interim periods within those years. The Company will adopt this guidance in the first quarter of 2014. The impact is not expected to be material. | ||
RECLASSIFICATIONS—Certain reclassifications have been made to conform prior year balances to the current year presentation. | ||
PENSION BENEFITS—Pension cost and obligations are actuarially determined and are affected by assumptions including expected return on plan assets, discount rates, compensation increases, and employee turnover rates. We evaluate our assumptions periodically and make adjustments to these assumptions and the recorded liability as necessary. Actuarial gains or losses are amortized on a straight-line basis over the expected remaining service life of employees in the pension plan. | ||
EQUITY-BASED COMPENSATION—We grant certain of our employees equity-based compensation awards which vest contingent on continued service of the recipient and, in some cases, on their achievement of specific performance targets. We record compensation expense for these outstanding awards over applicable service or performance periods based on their grant date fair value with a corresponding increase to additional paid-in capital. The expense to be recorded over the life of the awards is discounted for expected forfeitures during the vesting period. | ||
NONCONTROLLING INTERESTS IN CONSOLIDATED SUBSIDIARIES—Noncontrolling interests represents third-party limited partner unitholders' interests in our consolidated subsidiary, Rose Rock. Rose Rock allocates net income to its limited partners based on the distributions pertaining to the current period's available cash as defined by Rose Rock's partnership agreement. After adjusting for the appropriate period's distributions, the remaining undistributed earnings or excess distributions over earnings, if any, are allocated to Rose Rock's general partner, limited partners and participating securities in accordance with the contractual terms of Rose Rock's partnership agreement and as further prescribed under the two-class method. Incentive distribution rights do not participate in undistributed earnings. | ||
COMPREHENSIVE INCOME (LOSS) AND ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)—Comprehensive income (loss) is defined as a change in equity of a business enterprise during a period from transactions and other events and circumstances from non-owner sources and includes all changes in equity during a period except those resulting from investments by owners and distributions to owners. Our comprehensive income (loss) consists of currency translation adjustments, changes in the funded status of pension benefit plans and changes in the fair value of interest rate swaps. | ||
On February 5, 2013, the FASB issued ASU 2013-02, "Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income". This ASU adds new disclosure requirements for items reclassified out of AOCI. The ASU is intended to help entities improve the transparency of changes in other comprehensive income ("OCI") and items reclassified out of AOCI in their financial statements. It does not amend any existing requirements for reporting net income or OCI in the financial statements. We adopted this guidance in the first quarter of 2013. The impact of adoption was not material. | ||
On March 4, 2013, the FASB issued ASU 2013-05, "Parent's Accounting for the Cumulative Translation Adjustment Upon Derecognition of Certain Subsidiaries or Groups of Assets Within a Foreign Entity or of an Investment in a Foreign Entity - a consensus of the FASB Emerging Issues Task Force”, which indicates that the entire amount of a cumulative translation adjustment ("CTA") related to an entity's investment in a foreign entity should be released when there has been a: | ||
• | sale of a subsidiary or group of net assets within a foreign entity and the sale represents the substantially complete liquidation of the investment in the foreign entity; | |
• | loss of a controlling financial interest in an investment in a foreign entity (i.e., the foreign entity is deconsolidated); or | |
• | step acquisition for a foreign entity (i.e., when an entity has changed from applying the equity method for an investment in a foreign entity to consolidating the foreign entity). | |
The ASU does not change the requirement to release a pro rata portion of the CTA of the foreign entity into earnings for a partial sale of an equity method investment in a foreign entity. For public entities, this ASU is effective for fiscal years beginning on or after December 15, 2013, and interim periods within those years. The Company will adopt this guidance in the first quarter of 2014. The impact is not expected to be material. |
Rose_Rock_Midstream_LP
Rose Rock Midstream, L.P. | 12 Months Ended | |||||||||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||||||||
Investments in and Advances to Affiliates, Schedule of Investments [Abstract] | ' | |||||||||||||||||||||||||||
Rose Rock Midstream, L.P. | ' | |||||||||||||||||||||||||||
ROSE ROCK MIDSTREAM, L.P. | ||||||||||||||||||||||||||||
On December 14, 2011, our subsidiary Rose Rock completed an initial public offering ("IPO") in which it sold 7.0 million common units representing limited partner interests. We received proceeds of $127.1 million from this offering, net of underwriter discounts and other fees associated with the offering. We used these proceeds to make principal payments on long-term debt. | ||||||||||||||||||||||||||||
On January 11, 2013, we contributed a 33% interest in SemCrude Pipeline, L.L.C. ("SCPL") to Rose Rock in exchange for (i) cash of approximately $189.5 million, (ii) the issuance of 1.5 million common units, (iii) the issuance of 1.25 million Class A units and (iv) an increase of the capital account of the general partner of Rose Rock and a related issuance of general partner interest, to allow the general partner of Rose Rock to maintain its 2% general partner interest. SCPL owns a 51% membership interest in White Cliffs. | ||||||||||||||||||||||||||||
The Class A units are not entitled to receive any distribution of available cash (other than upon liquidation) prior to the first day of the month immediately following the first month for which the average daily throughput volumes on the White Cliffs Pipeline for such month are 125,000 barrels per day or greater. Upon such date, the Class A units will automatically convert into common units. | ||||||||||||||||||||||||||||
In connection with this transaction, Rose Rock issued and sold 2.0 million common units to third-party purchasers in a private placement for aggregate consideration of approximately $59.3 million. In addition, Rose Rock exercised the accordion feature of its revolving credit facility and increased the total borrowing capacity under the credit facility from $150 million to $385 million and made a borrowing of $133.5 million under the credit facility. The proceeds from the private placement and the borrowing were used by Rose Rock to fund the cash consideration in the transaction with us and to pay certain related transaction costs and expenses. | ||||||||||||||||||||||||||||
On December 16, 2013, we contributed an additional 33% interest in SCPL to Rose Rock in exchange for (i) cash of approximately $173.1 million, (ii) the issuance of 1.5 million common units, (iii) the issuance of 1.25 million Class A units, and (iv) an increase of the capital account of the general partner of Rose Rock and a related issuance of general partner interest, to allow the general partner of Rose Rock to maintain its 2% general partner interest. The cash consideration was funded through a borrowing under Rose Rock's credit facility. | ||||||||||||||||||||||||||||
As these transactions were between parties under common control, Rose Rock recorded its interest in SCPL at SemGroup's historical value and as such no gain on the sales was recognized by SemGroup. Proceeds in excess of the historical value were accounted for as a dividend from Rose Rock to SemGroup and resulted in a $180.2 million reduction to noncontrolling interests in consolidated subsidiaries and an offsetting increase to additional paid-in capital of $112.9 million (net of tax impact of $67.3 million). This non-cash entry represents the portion of the proceeds in excess of historical cost which were attributed to Rose Rock's third-party unitholders. SemGroup used the proceeds from these transactions to pay amounts owed under its revolving credit facility. | ||||||||||||||||||||||||||||
SemGroup incurred approximately $2.2 million of expense associated with these transactions, including expenses of Rose Rock. Rose Rock incurred approximately $4.1 million of cost, of which approximately $1.6 million of equity issuance costs were offset against proceeds, $1.6 million were related to the January 2013 borrowing and were deferred, and $0.9 million were expensed. | ||||||||||||||||||||||||||||
In August 2013, Rose Rock sold 4.75 million common limited partner units to third-party purchasers for $152.5 million, net of underwriting discounts and commissions. Proceeds were used to repay borrowings on the Rose Rock credit facility. | ||||||||||||||||||||||||||||
At December 31, 2013, we owned the 2% general partner interest and a 51.6% limited partner interest that included 4,389,709 common units, 8,389,709 subordinated units and 2,500,000 Class A units of Rose Rock. We also own certain incentive distribution rights, which are described below. We control the operations of Rose Rock through our ownership of the general partner interest, and we continue to consolidate Rose Rock. The outside ownership interests in Rose Rock are reflected in “noncontrolling interests in consolidated subsidiaries” on our consolidated balance sheets. The portion of the net income of Rose Rock subsequent to the initial public offering that is attributable to outside owners is reflected within “net income attributable to noncontrolling interests” in our consolidated statements of operations. | ||||||||||||||||||||||||||||
Rose Rock intends to pay a minimum quarterly distribution of $0.3625 per unit to the extent it has sufficient available cash, as defined in Rose Rock’s partnership agreement. Rose Rock’s partnership agreement requires Rose Rock to distribute all of its available cash each quarter in the following manner: | ||||||||||||||||||||||||||||
Total Quarterly Distributions | Marginal Percentage | |||||||||||||||||||||||||||
Per Unit Target Amount | Interest in Distributions | |||||||||||||||||||||||||||
Unitholders | General | Incentive | ||||||||||||||||||||||||||
Partner | Distribution | |||||||||||||||||||||||||||
Rights | ||||||||||||||||||||||||||||
Minimum Quarterly Distributions | $ | 0.3625 | 98 | % | 2 | % | — | |||||||||||||||||||||
First Target Distribution | above | $ | 0.3625 | up to | $ | 0.416875 | 98 | % | 2 | % | — | |||||||||||||||||
Second Target Distribution | above | $ | 0.416875 | up to | $ | 0.453125 | 85 | % | 2 | % | 13 | % | ||||||||||||||||
Third Target Distribution | above | $ | 0.453125 | up to | $ | 0.54375 | 75 | % | 2 | % | 23 | % | ||||||||||||||||
Thereafter | above | $ | 0.54375 | 50 | % | 2 | % | 48 | % | |||||||||||||||||||
The following table shows the distributions paid (in thousands, except for per unit amounts): | ||||||||||||||||||||||||||||
Record Date | Payment Date | Distribution | Distributions Paid | |||||||||||||||||||||||||
Quarter Ended | Per Unit | SemGroup | Noncontrolling | Total | ||||||||||||||||||||||||
Interest | Distributions | |||||||||||||||||||||||||||
General | Incentive | Common | Subordinated | Common Units | ||||||||||||||||||||||||
Partner | Distributions | Units | Units | |||||||||||||||||||||||||
December 31, 2011 | * | February 3, 2012 | February 13, 2012 | $ | 0.067 | * | $ | 23 | $ | — | $ | 93 | $ | 561 | $ | 470 | $ | 1,147 | ||||||||||
March 31, 2012 | May 7, 2012 | May 15, 2012 | $ | 0.3725 | $ | 128 | $ | — | $ | 517 | $ | 3,125 | $ | 2,607 | $ | 6,377 | ||||||||||||
June 30, 2012 | August 6, 2012 | August 14, 2012 | $ | 0.3825 | $ | 131 | $ | — | $ | 532 | $ | 3,209 | $ | 2,678 | $ | 6,550 | ||||||||||||
September 30, 2012 | November 5, 2012 | November 14, 2012 | $ | 0.3925 | $ | 134 | $ | — | $ | 545 | $ | 3,294 | $ | 2,748 | $ | 6,721 | ||||||||||||
December 31, 2012 | February 4, 2013 | February 14, 2013 | $ | 0.4025 | $ | 167 | $ | — | $ | 1,163 | $ | 3,377 | $ | 3,624 | $ | 8,331 | ||||||||||||
March 31, 2013 | May 6, 2013 | May 15, 2013 | $ | 0.43 | $ | 179 | $ | 41 | $ | 1,242 | $ | 3,607 | $ | 3,872 | $ | 8,941 | ||||||||||||
June 30, 2013 | August 5, 2013 | August 14, 2013 | $ | 0.44 | $ | 183 | $ | 72 | $ | 1,271 | $ | 3,692 | $ | 3,962 | $ | 9,180 | ||||||||||||
September 30, 2013 | November 5, 2013 | November 14, 2013 | $ | 0.45 | $ | 232 | $ | 127 | $ | 1,301 | $ | 3,775 | $ | 6,189 | $ | 11,624 | ||||||||||||
December 31, 2013 | February 4, 2014 | February 14, 2014 | $ | 0.465 | $ | 257 | $ | 244 | $ | 2,041 | $ | 3,901 | $ | 6,398 | $ | 12,841 | ||||||||||||
*Minimum quarterly distribution for quarter ended December 31, 2011 was prorated for the period beginning immediately after the closing of Rose Rock’s IPO, December 14, 2011 through December 31, 2011. | ||||||||||||||||||||||||||||
Certain summarized balance sheet information of Rose Rock is shown below (in thousands): | ||||||||||||||||||||||||||||
31-Dec-13 | 31-Dec-12 | |||||||||||||||||||||||||||
Cash | $ | 15,459 | $ | 108 | ||||||||||||||||||||||||
Other current assets | 306,128 | 250,509 | ||||||||||||||||||||||||||
Property, plant and equipment | 311,616 | 291,530 | ||||||||||||||||||||||||||
Equity method investment | 224,095 | — | ||||||||||||||||||||||||||
Goodwill | 28,322 | — | ||||||||||||||||||||||||||
Other noncurrent assets | 11,627 | 2,579 | ||||||||||||||||||||||||||
Total assets | $ | 897,247 | $ | 544,726 | ||||||||||||||||||||||||
Current liabilities | $ | 293,031 | $ | 231,843 | ||||||||||||||||||||||||
Long-term debt | 245,088 | 4,562 | ||||||||||||||||||||||||||
Partners’ capital attributable to SemGroup | 120,610 | 179,187 | ||||||||||||||||||||||||||
Partners’ capital attributable to noncontrolling interests | 159,961 | 129,134 | ||||||||||||||||||||||||||
Noncontrolling interest in consolidated subsidiaries retained by SemGroup | 78,557 | — | ||||||||||||||||||||||||||
Total liabilities and partners’ capital | $ | 897,247 | $ | 544,726 | ||||||||||||||||||||||||
Certain summarized income statement information of Rose Rock for the years ended December 31, 2013, 2012, and 2011 is shown below (in thousands): | ||||||||||||||||||||||||||||
Year Ended December 31, 2013 | Year Ended December 31, 2012 | Year Ended December 31, 2011 | ||||||||||||||||||||||||||
Revenue | $ | 766,526 | $ | 620,417 | $ | 431,321 | ||||||||||||||||||||||
Costs of products sold | $ | 663,759 | $ | 546,966 | $ | 366,265 | ||||||||||||||||||||||
Operating, general and administrative expenses | $ | 51,082 | $ | 35,385 | $ | 28,816 | ||||||||||||||||||||||
Depreciation and amortization expense | $ | 23,165 | $ | 12,131 | $ | 11,379 | ||||||||||||||||||||||
Earnings from equity method investment | $ | 17,571 | $ | — | $ | — | ||||||||||||||||||||||
Net income | $ | 38,005 | $ | 23,954 | $ | 23,235 | ||||||||||||||||||||||
Noncontrolling interest in consolidated subsidiaries retained by SemGroup | $ | 1,256 | $ | — | $ | — | ||||||||||||||||||||||
Net income attributable to Rose Rock Midstream, L.P. | $ | 36,749 | $ | 23,954 | $ | 23,235 | ||||||||||||||||||||||
The results of Rose Rock included in the table above for the year ended December 31, 2011 include the activity of its predecessor prior to November 29, 2011. The predecessor included SemCrude, L.P., a wholly-owned subsidiary of SemGroup Corporation (exclusive of SemCrude’s ownership interests in SemCrude Pipeline, L.L.C., which holds a 51% ownership interest in White Cliffs, and Eaglwing, L.P. (“Eaglwing”), which is also a wholly-owned subsidiary of SemGroup Corporation). |
Investments_in_NonConsolidated
Investments in Non-Consolidated Subsidiaries | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Equity Method Investments and Joint Ventures [Abstract] | ' | |||||||||||
Investments in Non-Consolidated Subsidiaries | ' | |||||||||||
INVESTMENTS IN NON-CONSOLIDATED SUBSIDIARIES | ||||||||||||
Our investments in affiliates over which we have significant influence, but for which we do not control the operating decisions of the investee, are accounted for under the equity method. Under the equity method, we do not report the individual assets and liabilities of our investees on our consolidated balance sheets. Instead, our ownership interest is reflected in one line as a noncurrent asset on our consolidated balance sheets. Our equity method investments consist of the following (in thousands): | ||||||||||||
December 31, 2013 | December 31, 2012 | |||||||||||
White Cliffs | $ | 224,095 | $ | 138,970 | ||||||||
NGL Energy | 208,848 | 174,398 | ||||||||||
Glass Mountain | 132,181 | 74,434 | ||||||||||
Total equity method investments | $ | 565,124 | $ | 387,802 | ||||||||
Under the equity method, we do not report the individual revenues and expenses of our investees in our consolidated statements of operations. Instead, our interest in the earnings of our investees is reflected in one line item on our consolidated statements of operations. Our earnings from equity method investments consist of the following (in thousands): | ||||||||||||
Year Ended December 31, 2013 | Year Ended December 31, 2012 | Year Ended December 31, 2011 | ||||||||||
White Cliffs | $ | 45,459 | $ | 36,439 | $ | 15,004 | ||||||
NGL Energy* | 7,123 | (403 | ) | — | ||||||||
Glass Mountain | (105 | ) | — | — | ||||||||
Total earnings from equity method investments | $ | 52,477 | $ | 36,036 | $ | 15,004 | ||||||
* Excluding gain on issuance of common units of $26.9 million. | ||||||||||||
Cash distributions received from equity method investments consist of the following (in thousands): | ||||||||||||
Year Ended December 31, 2013 | Year Ended December 31, 2012 | Year Ended December 31, 2011 | ||||||||||
White Cliffs | $ | 57,576 | $ | 44,514 | $ | 27,459 | ||||||
NGL Energy | 18,321 | 9,217 | — | |||||||||
Glass Mountain | — | — | — | |||||||||
Total cash distributions received from equity method investments | $ | 75,897 | $ | 53,731 | $ | 27,459 | ||||||
White Cliffs | ||||||||||||
We account for our 51% ownership of White Cliffs under the equity method, as the other members have substantive rights to participate in its management. | ||||||||||||
In August 2012, the members of White Cliffs approved an expansion project to construct a 12" pipeline from Platteville, Colorado to Cushing, Oklahoma. The project is expected to cost approximately $300 million which will be funded by capital calls to members. Our funding requirement will be 51% of the total cost. For the years ended December 31, 2013 and 2012, we contributed approximately $95.5 million and $2.3 million, respectively, for project funding and estimate our expected remaining contributions to be $53.3 million, which will be made in 2014. | ||||||||||||
Certain summarized balance sheet information of White Cliffs is shown below (in thousands): | ||||||||||||
December 31, | December 31, | |||||||||||
2013 | 2012 | |||||||||||
Current assets | $ | 98,457 | $ | 21,508 | ||||||||
Property, plant and equipment, net | 312,831 | 210,710 | ||||||||||
Goodwill | 17,000 | 17,000 | ||||||||||
Other intangible assets, net | 20,802 | 26,369 | ||||||||||
Total assets | $ | 449,090 | $ | 275,587 | ||||||||
Current liabilities | $ | 9,648 | $ | 3,412 | ||||||||
Members’ equity | 439,442 | 272,175 | ||||||||||
Total liabilities and members’ equity | $ | 449,090 | $ | 275,587 | ||||||||
Certain summarized income statement information of White Cliffs for the years ended December 31, 2013, 2012 and 2011 is shown below (in thousands): | ||||||||||||
Year Ended December 31, 2013 | Year Ended December 31, 2012 | Year Ended December 31, 2011 | ||||||||||
Revenue | $ | 133,310 | $ | 108,125 | $ | 66,097 | ||||||
Operating, general and administrative expenses | $ | 23,825 | $ | 14,821 | $ | 12,746 | ||||||
Depreciation and amortization expense | $ | 18,668 | $ | 19,963 | $ | 20,842 | ||||||
Net income | $ | 90,817 | $ | 73,341 | $ | 32,509 | ||||||
The equity in earnings of White Cliffs for the years ended December 31, 2013, 2012 and 2011 reported in our consolidated statements of operations is less than 51% of the net income of White Cliffs for the same period. This is due to certain general and administrative expenses we incur in managing the operations of White Cliffs that the other members are not obligated to share. Such expenses are recorded by White Cliffs, and are allocated to our membership interests. White Cliffs recorded $1.8 million, $2.0 million and $3.2 million of such general and administrative expense for the years ended December 31, 2013, 2012 and 2011, respectively. | ||||||||||||
Our membership interest in White Cliffs is significant as defined by Securities and Exchange Commission’s Regulation S-X Rule 1-02(w). Accordingly, as required by Regulation S-X Rule 3-09, we have included the audited financial statements of White Cliffs as of December 31, 2013 and 2012 and for each of the three years in the period ended December 31, 2013 as an exhibit to this Form 10-K. | ||||||||||||
NGL Energy | ||||||||||||
We own 9,133,409 common units representing limited partner interests in NGL Energy, which represents approximately 12.8% of the total 71,216,230 limited partner units of NGL Energy outstanding at September 30, 2013, and a 11.78% interest in the general partner of NGL Energy. | ||||||||||||
At December 31, 2013, the fair value of our 9,133,409 common units in NGL Energy was $315 million, based on a December 31, 2013 closing price of $34.50 per common unit. This does not reflect our 11.78% interest in the general partner of NGL Energy. The fair value of our limited partner investment in NGL Energy is categorized as a Level 1 measurement as it is based on quoted market prices. | ||||||||||||
The excess of the recorded amount of our investment over the book value of our share of the underlying net assets primarily represents equity method goodwill. | ||||||||||||
Certain unaudited summarized balance sheet information of NGL Energy is shown below (in thousands): | ||||||||||||
(unaudited) | (unaudited) | |||||||||||
September 30, | September 30, | |||||||||||
2013 | 2012 | |||||||||||
Current assets | $ | 1,013,859 | $ | 736,297 | ||||||||
Property plant and equipment, net | 631,663 | 425,641 | ||||||||||
Goodwill | 840,287 | 515,881 | ||||||||||
Intangible and other assets, net | 540,684 | 351,600 | ||||||||||
Total assets | $ | 3,026,493 | $ | 2,029,419 | ||||||||
Current liabilities | $ | 800,658 | $ | 653,101 | ||||||||
Long-term debt | 906,066 | 569,903 | ||||||||||
Other noncurrent liabilities | 2,673 | 2,599 | ||||||||||
Partners’ equity | 1,317,096 | 803,816 | ||||||||||
Total liabilities and partners’ equity | $ | 3,026,493 | $ | 2,029,419 | ||||||||
Our policy is to record our equity in earnings of NGL Energy on a one-quarter lag, as we do not expect information on the earnings of NGL Energy to always be available in time to consistently record the earnings in the quarter in which they are generated. Accordingly, the equity in earnings from NGL Energy, which is reflected in our consolidated statements of operations and comprehensive income for the years ended December 31, 2013 and 2012, relates to the earnings of NGL Energy for the twelve months ended September 30, 2013 and 2012, prorated for the period of time we held our ownership interest in NGL Energy. | ||||||||||||
Our limited partnership interest was diluted primarily in connection with an NGL public equity offering completed on July 5, 2013, an NGL acquisition completed August 2, 2013 and an NGL public equity offering completed on September 25, 2013. Accordingly, we recorded a non-cash gain of $26.9 million in the fourth quarter of 2013 related to these transactions, which is included in "gain on issuance of common units by equity method investee" in our consolidated statements of operations. On December 2, 2013, NGL Energy announced it completed the issuance of common units in a private placement in connection with the completion of an acquisition. As a result of this transaction, we expect to record an estimated non-cash gain of $8.1 million in the first quarter 2014. | ||||||||||||
Certain unaudited summarized income statement information of NGL Energy for the twelve months ended September 30, 2013 and 2012 is shown below (in thousands): | ||||||||||||
(unaudited) | (unaudited) | |||||||||||
Twelve Months | Twelve Months | |||||||||||
Ended | Ended | |||||||||||
September 30, | September 30, | |||||||||||
2013 | 2012 | |||||||||||
Revenue | $ | 5,935,715 | $ | 2,371,524 | ||||||||
Costs of products sold | $ | 5,478,361 | $ | 2,182,263 | ||||||||
Operating, general and administrative expenses | $ | 276,905 | $ | 125,889 | ||||||||
Depreciation and amortization expense | $ | 94,050 | $ | 34,621 | ||||||||
Net income | $ | 44,378 | $ | 5,405 | ||||||||
Our ownership interest in NGL Energy is significant as defined by Securities and Exchange Commission’s Regulation S-X Rule 1-02(w). Accordingly, as required by Regulation S-X Rule 3-09, we will amend this Form 10-K to include the audited financial statements of NGL Energy as of March 31, 2014 and 2013 and for each of the three years in the period ended March 31, 2014 as an exhibit, when available. | ||||||||||||
Glass Mountain | ||||||||||||
In April 2012, we formed a joint venture, GMP, to construct, maintain and operate a 210-mile crude oil pipeline system originating in Alva and Arnett, Oklahoma and terminating at Cushing, Oklahoma. Construction was completed in January 2014. The pipeline is operated by a subsidiary of Rose Rock. We hold a 50% interest in Glass Mountain. The owner of the remaining 50% is a related party (Note 25). As of December 31, 2013, we have invested $132.2 million in GMP, including our capital contributions, amounts paid to acquire the additional ownership percentage, and capitalized interest. We invested $57.8 million and $74.4 million in GMP for the years ended December 31, 2013 and 2012, respectively. | ||||||||||||
The excess of the recorded amount of our investment over the book value of our share of the underlying net assets represents equity method goodwill and capitalized interest of $31.0 million and $3.7 million, respectively, at December 31, 2013. | ||||||||||||
As of December 31, 2013, we expect to make additional contributions of approximately $9.5 million in 2014. We account for our investment in GMP using the equity method. | ||||||||||||
Our ownership interest in GMP is not significant as defined by Securities and Exchange Commission's Regulation S-X Rule 1-02(w). Accordingly, no audited financial statements of GMP pursuant to Regulation S-X 3-09 have been included as an exhibit to this Form 10-K. |
Acquisitions
Acquisitions | 12 Months Ended | |||
Dec. 31, 2013 | ||||
Acquisitions [Abstract] | ' | |||
Business Combination Disclosure [Text Block] | ' | |||
. | ACQUISITIONS | |||
Mid-America Midstream Gas Services, L.L.C. | ||||
On August 1, 2013, we acquired the equity interest of Mid-America Midstream Gas Services, L.L.C. ("MMGS"), a wholly owned subsidiary of Chesapeake Energy Corporation (NYSE: CHK)("Chesapeake"), which is the owner of gas gathering and processing assets in the Mississippi Lime play for approximately $313.5 million in cash. We incurred approximately $3.6 million in transaction related general and administrative expenses. The transaction was funded through the combination of a portion of the net proceeds from the sale of $300 million of 7.50% senior unsecured notes (Note 16) and a borrowing under the revolving credit facility under SemGroup's corporate credit agreement. Highlights of the acquisition include the following: | ||||
• | 200 miles of gathering pipeline; | |||
• | Rose Valley I plant - A 200 mmcf/d (million cubic feet per day) cryogenic processing plant, expected to be in operation in the first quarter of 2014; | |||
• | Rose Valley II plant - A 200 mmcf/d cryogenic processing plant, expected to be in operation in the first quarter of 2016; | |||
• | Approximately 540,000 net acre dedication in the core of the Mississippi Lime play, supported by a recently announced joint venture between Chesapeake and Sinopec International Petroleum Exploration and Production Corporation ("Sinopec"); and | |||
• | A 20-year, 100% fee based, gas gathering and processing agreement with certain affiliates of Chesapeake and Sinopec. | |||
Rose Valley plants I and II will require approximately $125 million of post-acquisition capital expenditures for completion as well as additional capital related to future well connections. | ||||
We have included MMGS in our consolidated financial statements as of August 1, 2013 in our SemGas segment. During the year ended December 31, 2013, our consolidated statements of operations and comprehensive income (loss) did not include material amounts of revenue or operating income related to MMGS. The proforma impact to comparative prior year periods, had the acquisition occurred at the beginning of the comparative prior year period, is not significant as the business is in the development stage. | ||||
We have received a preliminary independent appraisal of the fair value of the assets acquired in the MMGS acquisition. The estimates of fair value reflected as of December 31, 2013 are subject to change and such changes could be material. We expect to finalize the purchase price allocation in early 2014. During 2013, the estimated acquisition cost was adjusted related to payment of invoices for the period between the acquisition agreement and closing of the acquisition. We have preliminarily estimated the fair value of the assets acquired as follows (in thousands): | ||||
Property, plant and equipment | $ | 123,316 | ||
Customer contract intangible | 166,332 | |||
Goodwill | 23,839 | |||
Total assets acquired | $ | 313,487 | ||
Goodwill represents the excess of the estimated consideration paid for the acquired business over the fair value of the individual assets acquired. Goodwill primarily represents the value of synergies between the acquired entity and the Company and the opportunity to use the acquired business as a platform for growth. | ||||
Barcas Field Services, LLC | ||||
On August 1, 2013, our consolidated subsidiary, Rose Rock, executed a definitive agreement to acquire the assets of Barcas Field Services, LLC ("Barcas"), which owns and operates a crude oil trucking fleet, for $49.0 million in cash. The transaction closed on September 1, 2013. Highlights of the acquisition include the following: | ||||
• | 114 trucks, 120 trailers and miscellaneous equipment; and | |||
• | a long-term take-or-pay customer transportation agreement. | |||
We have included Barcas in our consolidated financial statements as of September 1, 2013 in our Crude segment. During the year ended December 31, 2013, our consolidated statements of operations and comprehensive income (loss) did not include material amounts of revenue or operating income related to Barcas. The proforma impact to comparative prior year periods, had the acquisition occurred at the beginning of the comparative prior year period, is not significant. During 2013, the acquisition price was reduced by approximately $1.0 million due to a computer system which was ultimately not purchased. | ||||
We have received an independent appraisal of the fair value of the assets acquired in the Barcas acquisition and have recorded the following acquisition date fair values for the assets acquired (in thousands): | ||||
Property, plant and equipment | $ | 13,717 | ||
Customer contract intangible | 6,930 | |||
Goodwill | 28,322 | |||
Total assets acquired | $ | 48,969 | ||
Goodwill represents the excess of the estimated consideration paid for the acquired business over the fair value of the individual assets acquired. Goodwill primarily represents the value of synergies between the acquired entity and the Company, the opportunity to use the acquired business as a platform for growth, and the acquired assembled workforce. | ||||
NGL Energy | ||||
On November 1, 2011, we acquired 8,932,031 common units representing limited partner interests in NGL Energy and a 7.5% interest in the general partner of NGL Energy. As part of this transaction, we agreed to waive our distribution rights on certain of the common units for a specified period of time. We recorded our investment in NGL Energy at the acquisition date fair value, estimated to be $184.0 million. We derived our estimate of the fair value of our limited partner interests in NGL Energy using the closing price of limited partner units on October 31, 2011, adjusted to reflect the waiver of certain distribution rights. The waiver on these distribution rights expired in September 2012. | ||||
In conjunction with a June 2012 transaction, we received 201,378 additional common units bringing our total ownership to 9,133,409 common units representing limited partner interests in exchange for a percentage of our general partner interest. Subsequent to the transaction, we held a 6.42% interest in the general partner of NGL. | ||||
On August 6, 2013, we completed the acquisition of approximately 5.36% of the general partner of NGL Energy, which increased our ownership of NGL Energy's general partner to 11.78%. | ||||
Our equity method investment in NGL Energy is included in our SemStream segment. See Note 5 for additional information related to our equity method investment in NGL Energy. | ||||
Glass Mountain | ||||
In September 2012, we acquired an additional 25% ownership interest in GMP, bringing our total ownership percentage in GMP to 50%. See Note 5 for additional information related to our equity method investment in GMP. |
Disposals_And_Impairments_of_L
Disposals And Impairments of Long-Lived Assets | 12 Months Ended | |||||
Dec. 31, 2013 | ||||||
Disposals And Impairments Of Long-Lived Assets [Abstract] | ' | |||||
Disposals and Impairments of Long-Lived Assets | ' | |||||
DISPOSALS AND IMPAIRMENTS OF LONG-LIVED ASSETS | ||||||
Year Ended December 31, 2013 | ||||||
There were no significant gains (losses) recorded during the year ended December 31, 2013 related to the disposal or impairment of long-lived assets. | ||||||
Year Ended December 31, 2012 | ||||||
Gains (losses) recorded during the year ended December 31, 2012 related to the disposal or impairment of long-lived assets included the following (in thousands): | ||||||
Event | Segment | Pre-Tax Gain | ||||
White Cliffs settlement (a) | Crude | $ | 3,500 | |||
Sale of SemStream residential division assets and liabilities (b) | SemStream | $ | 3,090 | |||
(a) | We sold a portion of our ownership interest in White Cliffs during September 2010. At the time, we recorded a loss of $6.8 million on disposal of that asset. In September 2012, we reached a settlement in a dispute concerning the selling price of that ownership interest and reduced the loss by $3.5 million. This $3.5 million gain is reported in "gain on disposal or impairment of long-lived assets, net" in the consolidated statements of operations and comprehensive income (loss). | |||||
(b) | On September 12, 2012, we entered into a definitive agreement to sell the assets and liabilities of SemStream’s Arizona residential business which was subject to regulatory approval by the Arizona Corporation Commission (the "ACC"). In early December 2012, the ACC granted SemStream regulatory approval to proceed with the sale. The sale closed on December 31, 2012 and resulted in a gain of $3.1 million on a cash sales price of $12.3 million. The $3.1 million gain is reported in "income from discontinued operations, net of income taxes" in the consolidated statement of operations and comprehensive income (loss). Property, plant, and equipment with a carrying value of $9.4 million represented the majority of assets included in the sale. | |||||
Year Ended December 31, 2011 | ||||||
Gains (losses) recorded during the year ended December 31, 2011 related to the disposal or impairment of long-lived assets included the following (in thousands): | ||||||
Event | Segment | Pre-Tax Gain | ||||
(Loss) | ||||||
Contribution of SemStream assets to NGL Energy (a) | SemStream | $ | 44,266 | |||
SemStream residential division impairment (b) | SemStream | $ | (8,684 | ) | ||
SemLogistics goodwill impairment (c) | SemLogistics | $ | (44,663 | ) | ||
(a) | On November 1, 2011, we contributed certain assets and liabilities of our SemStream segment to NGL Energy. On that date these assets and liabilities had the net book values (in thousands) below. However, these values were subject to post closing adjustments, which have since been completed, and resulted in a $2.1 million working capital adjustment. | |||||
Inventory | $ | 107,858 | ||||
Other current assets | 11,263 | |||||
Property plant and equipment | 47,756 | |||||
Goodwill | 50,071 | |||||
Other intangible assets | 12,408 | |||||
Other noncurrent assets | 2,818 | |||||
Other current liabilities | (2,947 | ) | ||||
Other noncurrent liabilities | (172 | ) | ||||
Net assets contributed | $ | 229,055 | ||||
In return for this contribution, we received $93.0 million of cash and ownership interests in NGL Energy and its general partner with an estimated fair value of $184.0 million. We recorded a gain of $44.3 million on this transaction, which includes the impact of a $2.1 million working capital adjustment and the write-off of $1.6 million of software. Additionally, $2.2 million of capitalized loan fees were written-off as a result of long-term debt payments made from the proceeds of this transaction. | ||||||
(b) | We test all of our goodwill for impairment as of October 1 of each year. Upon completing this impairment test for 2011, we concluded that the goodwill and other intangible assets attributable to the Arizona residential business of our SemStream segment (which was not contributed to NGL Energy) were impaired. To calculate the impairment loss, we estimated the fair value of this reporting unit using the present value of estimated future cash flows, discounted at a rate of 9.4%, and recorded a full impairment of the $3.6 million balance of goodwill and the $5.0 million balance of other intangible assets associated with customer relationships. No impairment was recorded related to the regulated assets of the Arizona residential business in accordance with ASC 980, "Regulated Operations". | |||||
(c) | High crude oil prices and backwardated market conditions in 2011 had a negative effect on SemLogistic’s storage economics. As a result, the demand for storage is depressed and SemLogistics has had difficulty securing contract renewals. SemLogistics successfully passed the initial 2011 goodwill impairment test. However, a review of the sensitivity of the test results indicated that a ten percent reduction in the estimated revenue in 2012 and 2013 would result in a test failure. In addition, we received notice in late January 2012 from two customers that their intentions were not to renew their storage contracts upon expiration. These notifications, coupled with the sensitivity of the test results to loss of revenue, led us to conclude that impairment of the goodwill of SemLogistics was required. Accordingly, we impaired the full amount of goodwill which was $44.7 million at October 1, 2011. |
Discontinued_Operations
Discontinued Operations | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Discontinued Operations and Disposal Groups [Abstract] | ' | |||||||||||
Discontinued Operations | ' | |||||||||||
DISCONTINUED OPERATIONS | ||||||||||||
As described in Note 7, on November 1, 2011, we contributed the primary operating assets of our SemStream segment to NGL Energy; however, at that time we did not contribute any of the assets or liabilities of SemStream’s Arizona residential business to NGL Energy. On September 12, 2012, we entered into a definitive agreement to sell those assets and liabilities. This sale was subject to regulatory approval by the ACC and closed on December 31, 2012 after that approval was granted; therefore, the operations of SemStream's Arizona residential business are classified as discontinued. The sale resulted in a gain of $3.1 million. There continues to be an insignificant amount of activity related to ongoing bankruptcy matters which is reflected in the results below and is related to operations discontinued during bankruptcy. | ||||||||||||
Certain summarized information on the results of discontinued operations is shown below (in thousands): | ||||||||||||
Year Ended December 31, 2013 | Year Ended December 31, 2012 | Year Ended December 31, 2011 | ||||||||||
External revenue | $ | — | $ | 13,518 | $ | 14,264 | ||||||
Gain (loss) on disposal of long-lived assets, net | $ | — | $ | 3,090 | $ | (9,196 | ) | |||||
Income (loss) from discontinued operations before income taxes | $ | 59 | $ | 2,935 | $ | (9,652 | ) | |||||
Income tax expense (benefit) | — | (4 | ) | (104 | ) | |||||||
Income (loss) from discontinued operations, net of income taxes | $ | 59 | $ | 2,939 | $ | (9,548 | ) | |||||
Segments
Segments | 12 Months Ended | |||||||||||||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||||||||||||
Segment Reporting [Abstract] | ' | |||||||||||||||||||||||||||||||
Segments | ' | |||||||||||||||||||||||||||||||
SEGMENTS | ||||||||||||||||||||||||||||||||
As described in Note 1, our businesses are organized based on the nature and location of the services they provide. Certain summarized information related to our reportable segments is shown in the tables below. None of the operating segments have been aggregated, other than Rose Rock, White Cliffs and Glass Mountain, which have been included within the Crude segment and were aggregated based on similarity of operations, customer base and other considerations. Our investment in NGL Energy is represented by our SemStream segment. Although “Corporate and Other” does not represent an operating segment, it is included in the tables below to reconcile segment information to that of the consolidated Company. Eliminations of transactions between segments are also included within “Corporate and Other” in the tables below. | ||||||||||||||||||||||||||||||||
The accounting policies of each segment are the same as the accounting policies of the consolidated Company. Transactions between segments are generally recorded based on prices negotiated between the segments. Certain general and administrative and interest expenses incurred at the corporate level were allocated to the segments, based on our allocation policies in effect at the time. | ||||||||||||||||||||||||||||||||
Year Ended December 31, 2013 | ||||||||||||||||||||||||||||||||
Crude | SemStream | SemCAMS | SemGas | SemLogistics | SemMexico | Corporate | Consolidated | |||||||||||||||||||||||||
and | ||||||||||||||||||||||||||||||||
Other | ||||||||||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||||||||||
Revenues: | ||||||||||||||||||||||||||||||||
External | $ | 767,202 | $ | — | $ | 198,450 | $ | 207,134 | $ | 11,671 | $ | 242,559 | $ | — | $ | 1,427,016 | ||||||||||||||||
Intersegment | — | — | — | 23,985 | — | — | (23,985 | ) | — | |||||||||||||||||||||||
Total revenues | 767,202 | — | 198,450 | 231,119 | 11,671 | 242,559 | (23,985 | ) | 1,427,016 | |||||||||||||||||||||||
Expenses: | ||||||||||||||||||||||||||||||||
Costs of products sold, exclusive of depreciation and amortization shown below | 663,759 | — | 305 | 169,800 | 380 | 209,841 | (23,985 | ) | 1,020,100 | |||||||||||||||||||||||
Operating | 36,242 | 1 | 150,319 | 20,200 | 7,444 | 9,379 | — | 223,585 | ||||||||||||||||||||||||
General and administrative | 16,766 | 600 | 14,940 | 7,971 | 5,854 | 10,700 | 21,766 | 78,597 | ||||||||||||||||||||||||
Depreciation and amortization | 23,708 | — | 10,766 | 14,517 | 9,426 | 5,991 | 2,001 | 66,409 | ||||||||||||||||||||||||
Loss (gain) on disposal or impairment of long-lived assets, net | (56 | ) | 6 | — | 665 | — | (854 | ) | — | (239 | ) | |||||||||||||||||||||
Total expenses | 740,419 | 607 | 176,330 | 213,153 | 23,104 | 235,057 | (218 | ) | 1,388,452 | |||||||||||||||||||||||
Earnings from equity method investments | 45,354 | 7,123 | — | — | — | — | — | 52,477 | ||||||||||||||||||||||||
Gain on issuance of common units by equity method investee | — | 26,873 | — | — | — | — | — | 26,873 | ||||||||||||||||||||||||
Operating income (loss) | 72,137 | 33,389 | 22,120 | 17,966 | (11,433 | ) | 7,502 | (23,767 | ) | 117,914 | ||||||||||||||||||||||
Other expenses (income), net | ||||||||||||||||||||||||||||||||
Interest expense (income) | 14,923 | (4,810 | ) | 18,928 | 3,268 | 1,435 | 188 | (8,790 | ) | 25,142 | ||||||||||||||||||||||
Other expense (income), net | (14 | ) | 128 | (20 | ) | (3 | ) | (400 | ) | (652 | ) | 45,234 | 44,273 | |||||||||||||||||||
Total other expenses (income) | 14,909 | (4,682 | ) | 18,908 | 3,265 | 1,035 | (464 | ) | 36,444 | 69,415 | ||||||||||||||||||||||
Income (loss) from continuing operations before income taxes | $ | 57,228 | $ | 38,071 | $ | 3,212 | $ | 14,701 | $ | (12,468 | ) | $ | 7,966 | $ | (60,211 | ) | $ | 48,499 | ||||||||||||||
Additions to long-lived assets | $ | 66,995 | $ | — | $ | 56,122 | $ | 97,021 | $ | 2,071 | $ | 6,375 | $ | 734 | $ | 229,318 | ||||||||||||||||
Total assets at December 31, 2013 (excluding intersegment receivables) | $ | 1,070,484 | $ | 208,847 | $ | 306,001 | $ | 552,095 | $ | 168,835 | $ | 104,154 | $ | 60,198 | $ | 2,470,614 | ||||||||||||||||
Equity investments at December 31, 2013 | $ | 356,276 | $ | 208,848 | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 565,124 | ||||||||||||||||
Year Ended December 31, 2012 | ||||||||||||||||||||||||||||||||
Crude | SemStream | SemCAMS | SemGas | SemLogistics | SemMexico | Corporate | Consolidated | |||||||||||||||||||||||||
and | ||||||||||||||||||||||||||||||||
Other | ||||||||||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||||||||||
Revenues: | ||||||||||||||||||||||||||||||||
External | $ | 620,797 | $ | 7 | $ | 223,219 | $ | 117,264 | $ | 12,341 | $ | 263,870 | $ | (1 | ) | $ | 1,237,497 | |||||||||||||||
Intersegment | — | — | — | 10,606 | — | — | (10,606 | ) | — | |||||||||||||||||||||||
Total revenues | 620,797 | 7 | 223,219 | 127,870 | 12,341 | 263,870 | (10,607 | ) | 1,237,497 | |||||||||||||||||||||||
Expenses: | ||||||||||||||||||||||||||||||||
Costs of products sold, exclusive of depreciation and amortization shown below | 546,966 | 33 | 768 | 100,677 | 196 | 236,851 | (10,606 | ) | 874,885 | |||||||||||||||||||||||
Operating | 24,143 | (37 | ) | 174,284 | 12,712 | 5,921 | 7,677 | — | 224,700 | |||||||||||||||||||||||
General and administrative | 13,321 | 930 | 14,020 | 6,195 | 5,652 | 9,433 | 22,367 | 71,918 | ||||||||||||||||||||||||
Depreciation and amortization | 12,131 | — | 10,589 | 7,043 | 9,780 | 6,171 | 2,496 | 48,210 | ||||||||||||||||||||||||
Loss (gain) on disposal or impairment of long-lived assets, net | (3,501 | ) | 214 | — | 46 | — | (290 | ) | — | (3,531 | ) | |||||||||||||||||||||
Total expenses | 593,060 | 1,140 | 199,661 | 126,673 | 21,549 | 259,842 | 14,257 | 1,216,182 | ||||||||||||||||||||||||
Earnings from equity method investments | 36,439 | (403 | ) | — | — | — | — | — | 36,036 | |||||||||||||||||||||||
Operating income (loss) | 64,176 | (1,536 | ) | 23,558 | 1,197 | (9,208 | ) | 4,028 | (24,864 | ) | 57,351 | |||||||||||||||||||||
Other expenses (income), net | ||||||||||||||||||||||||||||||||
Interest expense (income) | (409 | ) | (3,449 | ) | 18,727 | 1,461 | 2,486 | 314 | (10,228 | ) | 8,902 | |||||||||||||||||||||
Other expense (income), net | 31 | (21 | ) | 14 | — | (420 | ) | (38 | ) | 22,003 | 21,569 | |||||||||||||||||||||
Total other expenses (income) | (378 | ) | (3,470 | ) | 18,741 | 1,461 | 2,066 | 276 | 11,775 | 30,471 | ||||||||||||||||||||||
Income (loss) from continuing operations before income taxes | $ | 64,554 | $ | 1,934 | $ | 4,817 | $ | (264 | ) | $ | (11,274 | ) | $ | 3,752 | $ | (36,639 | ) | $ | 26,880 | |||||||||||||
Additions to long-lived assets | $ | 41,364 | $ | — | $ | 13,340 | $ | 47,140 | $ | 1,188 | $ | 3,396 | $ | 14,827 | $ | 121,255 | ||||||||||||||||
Total assets at December 31, 2012 (excluding intersegment receivables) | $ | 771,140 | $ | 175,028 | $ | 302,143 | $ | 133,864 | $ | 174,218 | $ | 94,594 | $ | 97,192 | $ | 1,748,179 | ||||||||||||||||
Equity investments at December 31, 2012 | $ | 213,404 | $ | 174,398 | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 387,802 | ||||||||||||||||
Year Ended December 31, 2011 | ||||||||||||||||||||||||||||||||
Crude | SemStream | SemCAMS | SemGas | SemLogistics | SemMexico | Corporate | Consolidated | |||||||||||||||||||||||||
and | ||||||||||||||||||||||||||||||||
Other | ||||||||||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||||||||||
Revenues: | ||||||||||||||||||||||||||||||||
External | $ | 431,321 | $ | 561,596 | $ | 163,367 | $ | 66,660 | $ | 23,314 | $ | 218,187 | $ | 801 | $ | 1,465,246 | ||||||||||||||||
Intersegment | — | 46,738 | — | 38,588 | — | — | (85,326 | ) | — | |||||||||||||||||||||||
Total revenues | 431,321 | 608,334 | 163,367 | 105,248 | 23,314 | 218,187 | (84,525 | ) | 1,465,246 | |||||||||||||||||||||||
Expenses: | ||||||||||||||||||||||||||||||||
Costs of products sold, exclusive of depreciation and amortization shown below | 366,265 | 595,434 | 218 | 75,066 | 152 | 192,068 | (84,764 | ) | 1,144,439 | |||||||||||||||||||||||
Operating | 17,470 | 6,448 | 110,814 | 9,027 | 6,206 | 5,006 | 70 | 155,041 | ||||||||||||||||||||||||
General and administrative | 9,757 | 7,336 | 16,816 | 6,521 | 6,712 | 11,560 | 16,745 | 75,447 | ||||||||||||||||||||||||
Depreciation and amortization | 11,379 | 3,501 | 10,233 | 5,986 | 9,271 | 6,502 | 2,951 | 49,823 | ||||||||||||||||||||||||
Loss (gain) on disposal or impairment of long-lived assets, net | 64 | (45,821 | ) | (8 | ) | 4 | 44,663 | (200 | ) | 1,599 | 301 | |||||||||||||||||||||
Total expenses | 404,935 | 566,898 | 138,073 | 96,604 | 67,004 | 214,936 | (63,399 | ) | 1,425,051 | |||||||||||||||||||||||
Earnings from equity method investments | 15,004 | — | — | — | — | — | — | 15,004 | ||||||||||||||||||||||||
Operating income (loss) | 41,390 | 41,436 | 25,294 | 8,644 | (43,690 | ) | 3,251 | (21,126 | ) | 55,199 | ||||||||||||||||||||||
Other expenses (income): | ||||||||||||||||||||||||||||||||
Interest expense | 3,749 | 17,152 | 24,685 | 2,346 | 1,005 | 365 | 10,836 | 60,138 | ||||||||||||||||||||||||
Other expense (income), net | (1,600 | ) | (2,112 | ) | (2,811 | ) | (10 | ) | 46 | (173 | ) | (8,329 | ) | (14,989 | ) | |||||||||||||||||
Total other expenses | 2,149 | 15,040 | 21,874 | 2,336 | 1,051 | 192 | 2,507 | 45,149 | ||||||||||||||||||||||||
Income (loss) from continuing operations before income taxes | $ | 39,241 | $ | 26,396 | $ | 3,420 | $ | 6,308 | $ | (44,741 | ) | $ | 3,059 | $ | (23,633 | ) | $ | 10,050 | ||||||||||||||
Additions to long-lived assets | $ | 32,397 | $ | 2,197 | $ | 4,874 | $ | 14,952 | $ | 5,313 | $ | 4,667 | $ | 2,080 | $ | 66,480 | ||||||||||||||||
Income tax expense (benefit) relates to the following segments (in thousands): | ||||||||||||||||||||||||||||||||
Year Ended December 31, 2013 | Year Ended December 31, 2012 | Year Ended December 31, 2011 | ||||||||||||||||||||||||||||||
SemCAMS | $ | 6,348 | $ | 720 | $ | 552 | ||||||||||||||||||||||||||
SemLogistics | (5,699 | ) | (7,736 | ) | (3,331 | ) | ||||||||||||||||||||||||||
SemMexico | 2,589 | 2,285 | 629 | |||||||||||||||||||||||||||||
Corporate and other | (20,492 | ) | 2,653 | (160 | ) | |||||||||||||||||||||||||||
Total | $ | (17,254 | ) | $ | (2,078 | ) | $ | (2,310 | ) |
Inventories
Inventories | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Inventory Disclosure [Abstract] | ' | |||||||
Inventories | ' | |||||||
INVENTORIES | ||||||||
Inventories consist of the following (in thousands): | ||||||||
December 31, | December 31, | |||||||
2013 | 2012 | |||||||
Crude oil | $ | 30,779 | $ | 24,840 | ||||
Asphalt and other | 13,516 | 9,593 | ||||||
Total inventories | $ | 44,295 | $ | 34,433 | ||||
Other_Assets
Other Assets | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Other Assets [Abstract] | ' | ||||||||
Other Assets | ' | ||||||||
OTHER ASSETS | |||||||||
Other current assets consist of the following (in thousands): | |||||||||
December 31, | December 31, | ||||||||
2013 | 2012 | ||||||||
Product prepayments | $ | 779 | $ | 1,550 | |||||
Other prepaid expenses | 4,917 | 13,593 | |||||||
Margin deposits | 838 | 1,850 | |||||||
Deferred tax asset | 7,325 | 875 | |||||||
Other | 152 | 648 | |||||||
Total other current assets | $ | 14,011 | $ | 18,516 | |||||
Other noncurrent assets consist of the following (in thousands): | |||||||||
December 31, | December 31, | ||||||||
2013 | 2012 | ||||||||
Debt issuance costs, net | $ | 17,149 | * | $ | 4,945 | * | |||
Deferred tax asset | 2,832 | — | |||||||
Other | 8,908 | 3,236 | |||||||
Total other noncurrent assets, net | $ | 28,889 | $ | 8,181 | |||||
* See Note 16 for discussion of debt issuance costs. |
Property_Plant_and_Equipment
Property, Plant and Equipment | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Property, Plant and Equipment [Abstract] | ' | |||||||
Property, Plant and Equipment | ' | |||||||
PROPERTY, PLANT AND EQUIPMENT | ||||||||
Property, plant and equipment consists of the following (in thousands): | ||||||||
December 31, | December 31, | |||||||
2013 | 2012 | |||||||
Land | $ | 72,484 | $ | 53,491 | ||||
Pipelines and related facilities | 312,730 | 206,345 | ||||||
Storage and terminal facilities | 281,819 | 268,738 | ||||||
Natural gas gathering and processing facilities | 347,962 | 280,750 | ||||||
Linefill | 14,701 | 13,158 | ||||||
Office and other property and equipment | 65,679 | 47,679 | ||||||
Construction-in-progress | 199,073 | 75,449 | ||||||
Property, plant and equipment, gross | 1,294,448 | 945,610 | ||||||
Accumulated depreciation | (188,720 | ) | (130,886 | ) | ||||
Property, plant and equipment, net | $ | 1,105,728 | $ | 814,724 | ||||
We recorded depreciation expense of $60.4 million, $46.2 million and $45.9 million for the years ended December 31, 2013, 2012 and 2011, respectively. | ||||||||
We include within the cost of property, plant and equipment interest costs incurred while an asset is being constructed. We capitalized $4.3 million and $0.8 million of interest costs during the years ended December 31, 2013 and 2012, respectively. |
Goodwill_and_Other_Intangible_
Goodwill and Other Intangible Assets | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Goodwill And Other Intangible Assets [Abstract] | ' | |||||||
Goodwill and Other Intangible Assets | ' | |||||||
GOODWILL AND OTHER INTANGIBLE ASSETS | ||||||||
Goodwill | ||||||||
Goodwill relates to the following segment (in thousands): | ||||||||
December 31, | December 31, | |||||||
2013 | 2012 | |||||||
Crude | $ | 28,322 | $ | — | ||||
SemGas | 23,839 | — | ||||||
SemMexico | 9,860 | 9,884 | ||||||
Total Goodwill | $ | 62,021 | $ | 9,884 | ||||
In addition to the amounts in the table above, approximately $82.2 million of our investment in NGL Energy, $8.7 million of our investment in White Cliffs and $31.0 million of our investment in GMP represent equity method goodwill. Equity method goodwill is not amortized and is tested for impairment with the equity method investment in accordance with ASC 323. | ||||||||
As described in Note 3, we test goodwill for impairment annually, or more often if circumstances warrant. To perform these tests, we must determine which asset groups the goodwill relates to (such asset groups are referred to as reporting units). SemMexico represents a separate reporting unit. To estimate the fair value of our SemMexico reporting unit, we used two generally accepted valuation approaches, an income approach and a market approach, using assumptions consistent with a market participant’s perspective. Under the income approach, we use a discounted cash flow analysis to determine the estimated fair value of our SemMexico reporting unit. Significant judgments and assumptions including the discount rate, anticipated revenue growth rate and gross margins, estimated operating and interest expense, and capital expenditures are inherent in these fair value estimates, which are based on our operating and capital budgets as well as strategic plans. A significant underlying assumption in our strategic plan is that the Mexican government will continue current spending levels for the maintenance and construction of its national road infrastructure (requiring asphalt). If current spending levels by the Mexican government decreased, the impact would negatively affect our key assumptions and could trigger an impairment. At October 1, 2013, fair value exceeded carrying value by 11.7%. | ||||||||
Under the market approach, we apply multiples to forecasted cash flows from certain guideline public companies in our industry. | ||||||||
For the October 1, 2013 goodwill impairment tests, we developed estimates of cash flows for SemMexico for a period of 18 years, and also developed an estimated terminal value using an assumed 3% growth rate. We discounted the estimated cash flows to present value using a discount rate of 13.0% for SemMexico. | ||||||||
No impairments were indicated for the recently acquired Crude and SemGas goodwill (Note 6). | ||||||||
Changes in goodwill balances during the period from December 31, 2010 to December 31, 2013 are shown below (in thousands): | ||||||||
Balance, December 31, 2010 | $ | 107,823 | ||||||
Impairments (Note 7) | (47,804 | ) | ||||||
Contribution of SemStream assets to NGL Energy (Note 7) | (50,071 | ) | ||||||
Currency translation adjustments | (495 | ) | ||||||
Balance, December 31, 2011 | 9,453 | |||||||
Currency translation adjustments | 431 | |||||||
Balance, December 31, 2012 | 9,884 | |||||||
Barcas acquisition (Note 6) | 28,322 | |||||||
MMGS acquisition (Note 6) | 23,839 | |||||||
Currency translation adjustments | (24 | ) | ||||||
Balance, December 31, 2013 | $ | 62,021 | ||||||
For U.S. federal income tax purposes, goodwill is amortized on a straight-line basis over 15 years. | ||||||||
Other intangible assets | ||||||||
Other intangible assets relate to the following segments (in thousands): | ||||||||
December 31, | December 31, | |||||||
2013 | 2012 | |||||||
Crude | $ | 5,775 | $ | — | ||||
SemGas | 163,144 | — | ||||||
SemMexico | 5,888 | 7,549 | ||||||
Corporate and other | 31 | 36 | ||||||
Total other intangible assets | $ | 174,838 | $ | 7,585 | ||||
Changes in other intangible asset balances are shown below (in thousands): | ||||||||
Balance, December 31, 2010 | $ | 32,264 | ||||||
Amortization | (4,664 | ) | ||||||
Impairment (Note 7) | (5,048 | ) | ||||||
Contribution of SemStream assets to NGL Energy (Note 7) | (12,408 | ) | ||||||
Currency translation adjustments | (1,194 | ) | ||||||
Balance, December 31, 2011 | 8,950 | |||||||
Amortization | (2,017 | ) | ||||||
Currency translation adjustments | 652 | |||||||
Balance, December 31, 2012 | 7,585 | |||||||
Amortization | (6,018 | ) | ||||||
Barcas acquisition (Note 6) | 6,930 | |||||||
MMGS acquisition (Note 6) | 166,332 | |||||||
Currency translation adjustments | 9 | |||||||
Balance, December 31, 2013 | $ | 174,838 | ||||||
Our other intangible assets consist primarily of customer relationships at our Crude, SemGas and SemMexico segments and unpatented technology of our SemMexico segment, which represented $172.8 million and $1.8 million, respectively, of the balance at December 31, 2013. These assets may be subject to impairments in the future if we are unable to maintain the relationships with the customers to which the assets relate. | ||||||||
We recorded a $6.9 million customer contract intangible asset related to the Barcas acquisition. The intangible is being amortized on a straight-line basis over 24 months. We recorded a $166.3 million customer contract intangible asset related to the MMGS acquisition. The intangible is being amortized on a straight-line basis over 20 years. | ||||||||
We estimate that future amortization of other intangible assets will be as follows (in thousands): | ||||||||
For year ending: | ||||||||
31-Dec-14 | $ | 13,113 | ||||||
31-Dec-15 | 11,687 | |||||||
31-Dec-16 | 9,164 | |||||||
31-Dec-17 | 8,996 | |||||||
December 31, 2018 | 8,863 | |||||||
Thereafter | 123,015 | |||||||
Total estimated amortization expense | $ | 174,838 | ||||||
Financial_Instruments_and_Conc
Financial Instruments and Concentrations of Risk | 12 Months Ended | |||||||||||||||||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | |||||||||||||||||||||||||||||||||||
Financial Instruments and Concentrations of Risk | ' | |||||||||||||||||||||||||||||||||||
FINANCIAL INSTRUMENTS AND CONCENTRATIONS OF RISK | ||||||||||||||||||||||||||||||||||||
Fair value of financial instruments | ||||||||||||||||||||||||||||||||||||
We record certain financial assets and liabilities at fair value at each balance sheet date. The tables below summarize the balances of these assets and liabilities at December 31, 2013 and 2012 (in thousands): | ||||||||||||||||||||||||||||||||||||
December 31, 2013 | December 31, 2012 | |||||||||||||||||||||||||||||||||||
Level 1 | Netting* | Total | Level 1 | Netting* | Total | |||||||||||||||||||||||||||||||
Assets: | ||||||||||||||||||||||||||||||||||||
Commodity derivatives | $ | 36 | $ | (36 | ) | $ | — | $ | 22 | $ | (22 | ) | $ | — | ||||||||||||||||||||||
Total assets | $ | 36 | $ | (36 | ) | $ | — | $ | 22 | $ | (22 | ) | $ | — | ||||||||||||||||||||||
Liabilities: | ||||||||||||||||||||||||||||||||||||
Commodity derivatives | $ | 96 | $ | (36 | ) | $ | 60 | $ | 1,056 | $ | (22 | ) | $ | 1,034 | ||||||||||||||||||||||
Warrants | 58,134 | — | 58,134 | 32,858 | — | 32,858 | ||||||||||||||||||||||||||||||
Total liabilities | $ | 58,230 | $ | (36 | ) | $ | 58,194 | $ | 33,914 | $ | (22 | ) | $ | 33,892 | ||||||||||||||||||||||
Net assets (liabilities) at fair value | $ | (58,194 | ) | $ | — | $ | (58,194 | ) | $ | (33,892 | ) | $ | — | $ | (33,892 | ) | ||||||||||||||||||||
* | Relates primarily to exchange traded futures. Gain and loss positions on multiple contracts are settled net on a daily basis with the exchange. | |||||||||||||||||||||||||||||||||||
“Level 1” measurements are based on inputs consisting of unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. These include commodity futures contracts that are traded on an exchange. These also include common stock warrants (Note 18) which are traded on the New York Stock Exchange. | ||||||||||||||||||||||||||||||||||||
“Level 2” measurements are based on inputs consisting of market observable and corroborated prices for similar commodity derivative contracts. Assets and liabilities classified as Level 2 include over-the-counter ("OTC") traded forwards contracts and swaps. | ||||||||||||||||||||||||||||||||||||
“Level 3” measurements were obtained using information from a pricing service and internal valuation models incorporating observable and unobservable market data. These include commodity derivatives, such as forwards and swaps for which there is not a highly liquid market, and therefore are not included in Level 2 above. Level 3 measurements also included common stock warrants until September 2011, when the warrants began to be traded on the New York Stock Exchange. Prior to that point, we used a Black-Scholes pricing model to estimate the fair value of the warrants. | ||||||||||||||||||||||||||||||||||||
Financial assets and liabilities are classified based on the lowest level of input that is significant to the fair value measurement. Our assessment of the significance of a particular input to the measurement requires judgment, and may affect the valuation of assets and liabilities and their placement within the fair value levels. | ||||||||||||||||||||||||||||||||||||
The following table summarizes changes in the fair value of our net financial assets (liabilities) classified as Level 3 in the fair value hierarchy (in thousands): | ||||||||||||||||||||||||||||||||||||
Year Ended December 31, 2013 | Year Ended December 31, 2012 | Year Ended December 31, 2011 | ||||||||||||||||||||||||||||||||||
Warrants | Commodity | Total | Warrants | Commodity | Total | Warrants | Commodity | Total | ||||||||||||||||||||||||||||
Derivatives | Derivatives | Derivatives | ||||||||||||||||||||||||||||||||||
Net assets (liabilities)—beginning balance | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | (17,192 | ) | $ | (547 | ) | $ | (17,739 | ) | |||||||||||||||
Transfers out of Level 3(*) | — | — | — | — | — | — | 8,934 | (419 | ) | 8,515 | ||||||||||||||||||||||||||
Total realized and unrealized gain (loss) included in earnings(**) | — | — | — | — | — | — | 8,258 | 2,783 | 11,041 | |||||||||||||||||||||||||||
Settlements | — | — | — | — | — | — | — | (1,817 | ) | (1,817 | ) | |||||||||||||||||||||||||
Net assets (liabilities)—ending balance | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||
Amount of total gain or loss included in earnings for the period attributable to the change in unrealized gain or loss relating to assets and liabilities still held at the reporting date | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||
(*) | In these tables, transfers in and transfers out are recognized as of the beginning of the reporting period for commodity derivatives and as of the transfer date for warrants. | |||||||||||||||||||||||||||||||||||
(**) | Gains and losses related to commodity derivatives are reported in product revenue. Gains and losses related to warrants are recorded in other expense (income). | |||||||||||||||||||||||||||||||||||
Commodity derivative contracts | ||||||||||||||||||||||||||||||||||||
Our consolidated results of operations and cash flows are impacted by changes in market prices for petroleum products. This exposure to commodity price risk is managed, in part, by entering into various commodity derivatives. | ||||||||||||||||||||||||||||||||||||
We seek to manage the price risk associated with our marketing operations by limiting our net open positions through (i) the concurrent purchase and sale of like quantities of crude oil to create back-to-back transactions that are intended to lock in positive margins based on the timing, location or quality of the crude oil purchased and delivered or (ii) derivative contracts. Our storage and transportation assets also can be used to mitigate location and time basis risk. All marketing activities are subject to our comprehensive risk management policy, which establishes limits in order to manage risk and mitigate financial exposure. | ||||||||||||||||||||||||||||||||||||
We contributed the primary operating assets of SemStream to NGL Energy on November 1, 2011, including all of SemStream’s commodity derivatives. Prior to November 1, 2011, SemStream managed commodity price risk by limiting its net open positions subject to outright price risk and basis risk resulting from grade, location or time differences. SemStream did so by selling and purchasing similar quantities of natural gas liquids with purchase and sale transactions for current or future delivery, by entering into future delivery and purchase obligations with futures contracts or other commodity derivatives and employing its storage and transportation assets. SemStream at times hedged its natural gas liquids commodity price exposure with derivatives on commodities other than natural gas liquids due to the limited size of the market for natural gas liquids derivatives. In addition, physical transaction sale and purchase strategies were intended to lock in positive margins for SemStream, e.g., the sales price was sufficient to cover purchase costs, any other fixed and variable costs and SemStream’s profit. All marketing activities were subject to our risk management policy, which establishes limits to manage risk and mitigate financial exposure. | ||||||||||||||||||||||||||||||||||||
Our commodity derivatives can be comprised of swaps, future contracts, and forward contracts of crude oil and natural gas liquids. These are defined as follows: | ||||||||||||||||||||||||||||||||||||
Swaps—Over the counter transactions where a floating price, basis or index is exchanged for a fixed (or a different floating) price, basis, or index at a preset schedule in the future according to an agreed-upon formula. | ||||||||||||||||||||||||||||||||||||
Futures contracts—Exchange traded contracts to buy or sell a commodity. These contracts are standardized by the exchange in terms of quality, quantity, delivery period and location for each commodity. | ||||||||||||||||||||||||||||||||||||
Forward contracts—Over the counter contracts to buy or sell a commodity at an agreed upon future date. The buyer and seller agree on specific terms (price, quantity, delivery period, and location) and conditions at the inception of the contract. | ||||||||||||||||||||||||||||||||||||
The following table sets forth the notional quantities for derivative instruments entered into (in thousands of barrels): | ||||||||||||||||||||||||||||||||||||
Year Ended December 31, 2013 | Year Ended December 31, 2012 | |||||||||||||||||||||||||||||||||||
Sales | 2,595 | 1,743 | ||||||||||||||||||||||||||||||||||
Purchases | 2,575 | 1,636 | ||||||||||||||||||||||||||||||||||
We have not designated any of our commodity derivative instruments as accounting hedges. We record the fair value of our commodity derivative instruments on our consolidated balance sheets in other current assets and other current liabilities in the following amounts (in thousands): | ||||||||||||||||||||||||||||||||||||
December 31, 2013 | December 31, 2012 | |||||||||||||||||||||||||||||||||||
Other Current Assets | Other Current Liabilities | Other Current Assets | Other Current Liabilities | |||||||||||||||||||||||||||||||||
$ | — | $ | 60 | $ | — | $ | 1,034 | |||||||||||||||||||||||||||||
We have posted margin deposits as collateral with brokers who have the right of set off associated with these funds. Our margin deposit balance was $0.8 million and $1.9 million at December 31, 2013 and 2012, respectively. These margin account balances have not been offset against our net commodity derivative instrument (contract) positions. Had these margin account balances been netted against our net commodity derivative instrument (contract) positions as of December 31, 2013 and 2012, we would have had net asset positions of $0.8 million and $0.8 million, respectively. | ||||||||||||||||||||||||||||||||||||
Realized and unrealized gains (losses) from our commodity derivatives were recorded to product revenue in the following amounts (in thousands): | ||||||||||||||||||||||||||||||||||||
Year Ended December 31, 2013 | Year Ended December 31, 2012 | Year Ended December 31, 2011 | ||||||||||||||||||||||||||||||||||
$ | (1,593 | ) | $ | 149 | $ | 2,153 | ||||||||||||||||||||||||||||||
Interest rate swaps | ||||||||||||||||||||||||||||||||||||
During February 2011, we entered into interest rate swaps in connection with certain SemLogistics credit facilities. For 2011, the swaps were recorded at fair value in other noncurrent liabilities on the consolidated balance sheet, with changes in the fair value (net of income taxes) recorded to other comprehensive income (loss). The swaps were terminated in March 2012 with a loss on closure of $0.4 million, including a reclass of $0.3 million from accumulated other comprehensive income to earnings. | ||||||||||||||||||||||||||||||||||||
Concentrations of risk | ||||||||||||||||||||||||||||||||||||
During the year ended December 31, 2013, one customer of our Crude segment accounted for more than 10% of our consolidated revenue at approximately 17%. At December 31, 2013, one customer of our Crude segment accounted for approximately 16% of our consolidated accounts receivable. | ||||||||||||||||||||||||||||||||||||
During the year ended December 31, 2012, no individual customer accounted for more than 10% of our consolidated revenue. At December 31, 2012, one customer of the Crude segment accounted for approximately 16% of our consolidated accounts receivable. | ||||||||||||||||||||||||||||||||||||
During the year ended December 31, 2011, no individual customer accounted for more than 10% of our consolidated revenue. | ||||||||||||||||||||||||||||||||||||
Assets and liabilities of subsidiaries outside the United States | ||||||||||||||||||||||||||||||||||||
The following table summarizes the assets and liabilities (excluding affiliate balances) at December 31, 2013 of our subsidiaries outside the United States (in thousands): | ||||||||||||||||||||||||||||||||||||
Canada | United | Mexico | Total | |||||||||||||||||||||||||||||||||
Kingdom | ||||||||||||||||||||||||||||||||||||
Cash and cash equivalents | $ | 49,221 | $ | 1,845 | $ | 11,862 | $ | 62,928 | ||||||||||||||||||||||||||||
Other current assets | 59,472 | 2,896 | 45,751 | 108,119 | ||||||||||||||||||||||||||||||||
Noncurrent assets | 212,567 | 164,094 | 46,541 | 423,202 | ||||||||||||||||||||||||||||||||
Total assets | $ | 321,260 | $ | 168,835 | $ | 104,154 | $ | 594,249 | ||||||||||||||||||||||||||||
Current liabilities | $ | 51,124 | $ | 1,788 | $ | 27,450 | $ | 80,362 | ||||||||||||||||||||||||||||
Noncurrent liabilities | 70,392 | 21,826 | 1,865 | 94,083 | ||||||||||||||||||||||||||||||||
Total liabilities | 121,516 | 23,614 | 29,315 | 174,445 | ||||||||||||||||||||||||||||||||
Net assets | $ | 199,744 | $ | 145,221 | $ | 74,839 | $ | 419,804 | ||||||||||||||||||||||||||||
Employees | ||||||||||||||||||||||||||||||||||||
At December 31, 2013, we had approximately 890 employees, including approximately 500 employees outside the U.S. Approximately 110 of the employees in Canada and Mexico are represented by labor unions and are subject to collective bargaining agreements governing their employment with us. Of these employees, approximately 60 are subject to collective bargaining agreements that renew annually and 50 have collective bargaining agreements that expire in January 2016. We have never had a labor related work stoppage and believe our employee relations are good. |
Income_Taxes
Income Taxes | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Income Tax Disclosure [Abstract] | ' | |||||||||||
Income Taxes | ' | |||||||||||
INCOME TAXES | ||||||||||||
Income tax expense (benefit) | ||||||||||||
Our consolidated income from continuing operations before income taxes was generated in the following jurisdictions (in thousands): | ||||||||||||
Year Ended December 31, 2013 | Year Ended December 31, 2012 | Year Ended December 31, 2011 | ||||||||||
U.S. | $ | 40,002 | $ | 21,498 | $ | 39,936 | ||||||
Foreign | 8,497 | 5,382 | (29,886 | ) | ||||||||
Consolidated | $ | 48,499 | $ | 26,880 | $ | 10,050 | ||||||
The following table summarizes income tax benefit from continuing operations by jurisdiction (in thousands): | ||||||||||||
Year Ended December 31, 2013 | Year Ended December 31, 2012 | Year Ended December 31, 2011 | ||||||||||
Current income tax provision: | ||||||||||||
Foreign | $ | 15,546 | $ | 9,662 | $ | 7,427 | ||||||
U.S. federal | 2,067 | — | — | |||||||||
U.S. state | 1,435 | 74 | 4 | |||||||||
19,048 | 9,736 | 7,431 | ||||||||||
Deferred income tax provision (benefit): | ||||||||||||
Foreign | (10,222 | ) | (12,070 | ) | (7,252 | ) | ||||||
U.S. federal | (23,756 | ) | 222 | (2,159 | ) | |||||||
U.S. state | (2,324 | ) | 34 | (330 | ) | |||||||
(36,302 | ) | (11,814 | ) | (9,741 | ) | |||||||
Benefit for income taxes | $ | (17,254 | ) | $ | (2,078 | ) | $ | (2,310 | ) | |||
The following table reconciles income tax benefit at the U.S. federal statutory rate to the consolidated benefit for income taxes (in thousands): | ||||||||||||
Year Ended December 31, 2013 | Year Ended December 31, 2012 | Year Ended December 31, 2011 | ||||||||||
Income from continuing operations before income taxes | $ | 48,499 | $ | 26,880 | $ | 10,050 | ||||||
U.S. federal statutory rate | 35 | % | 35 | % | 35 | % | ||||||
Provision at statutory rate | 16,975 | 9,408 | 3,518 | |||||||||
State income taxes—net of federal benefit | (577 | ) | 71 | (221 | ) | |||||||
Effect of rates other than statutory | (1,041 | ) | (829 | ) | (1,360 | ) | ||||||
Effect of U.S. taxation on foreign branches | 2,974 | 1,883 | (10,460 | ) | ||||||||
Foreign tax adjustment, prior years | 4,533 | — | — | |||||||||
Impairment of goodwill | — | — | 15,745 | |||||||||
Warrants | 24,625 | — | — | |||||||||
Noncontrolling interest | (6,096 | ) | (3,429 | ) | — | |||||||
Foreign tax credit and offset to branch deferreds | (2,876 | ) | (12,360 | ) | 9,339 | |||||||
Impact of valuation allowance on deferred tax assets | (53,218 | ) | 6,233 | (16,421 | ) | |||||||
Other, net | (2,553 | ) | (3,055 | ) | (2,450 | ) | ||||||
Benefit for income taxes | $ | (17,254 | ) | $ | (2,078 | ) | $ | (2,310 | ) | |||
For the years ended December 31, 2013, 2012, and 2011, the foreign subsidiaries are disregarded entities for U.S. federal income tax purposes. The foreign earnings are taxed in foreign jurisdictions as well as in the U.S. Foreign tax credits, subject to limitations, are available to reduce U.S. taxes. | ||||||||||||
Deferred tax positions | ||||||||||||
Deferred income taxes reflect the effects of temporary differences between the amounts of assets and liabilities recognized for financial reporting purposes and the amounts recognized for income tax purposes. Significant components of deferred tax assets and liabilities are as follows at December 31, 2013 and 2012 (in thousands): | ||||||||||||
December 31, | December 31, | |||||||||||
2013 | 2012 | |||||||||||
Deferred tax assets: | ||||||||||||
Net operating loss and other credit carryforwards | $ | 9,498 | $ | 47,910 | ||||||||
Compensation and benefits | 7,991 | 1,573 | ||||||||||
Inventories | 118 | 96 | ||||||||||
Intangible assets | 44,444 | 52,444 | ||||||||||
Pension plan | 2,849 | 3,384 | ||||||||||
Allowance for doubtful accounts | 2,140 | 2,507 | ||||||||||
Deferred revenue | 5,910 | 3,925 | ||||||||||
Foreign tax credit and offset to branch deferreds | 95,435 | 92,559 | ||||||||||
Other | 8,243 | 16,046 | ||||||||||
less: valuation allowance | (95,438 | ) | (155,757 | ) | ||||||||
Net deferred tax assets | 81,190 | 64,687 | ||||||||||
Deferred tax liabilities: | ||||||||||||
Intangible assets | (6,927 | ) | (8,952 | ) | ||||||||
Prepaid expenses | (153 | ) | (150 | ) | ||||||||
Property, plant and equipment | (113,030 | ) | (78,413 | ) | ||||||||
Equity investment in partnerships | (49,720 | ) | (36,749 | ) | ||||||||
Other | (1,471 | ) | (5,876 | ) | ||||||||
Total deferred tax liabilities | (171,301 | ) | (130,140 | ) | ||||||||
Net deferred tax liabilities | $ | (90,111 | ) | $ | (65,453 | ) | ||||||
At December 31, 2013, we had a cumulative U.S. federal net operating loss of approximately $10.9 million that can be carried forward to apply against taxable income generated in future years. This carry forward begins to expire in 2031. We had cumulative U.S. state net operating losses of approximately $40.0 million available for carryforward, which begin to expire in 2014. We had a foreign net operating loss of $16.1 million available for indefinite carry forward. We had foreign tax credits of approximately $44.6 million available for carry forward, which begin to expire in 2020. | ||||||||||||
LongTerm_Debt
Long-Term Debt | 12 Months Ended | |||||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||||
Debt Disclosure [Abstract] | ' | |||||||||||||||||||||||
Long-Term Debt | ' | |||||||||||||||||||||||
LONG-TERM DEBT | ||||||||||||||||||||||||
Our long-term debt consisted of the following (in thousands): | ||||||||||||||||||||||||
December 31, | December 31, | |||||||||||||||||||||||
2013 | 2012 | |||||||||||||||||||||||
SemGroup 7.50% senior unsecured notes | $ | 300,000 | $ | — | ||||||||||||||||||||
SemGroup corporate revolving credit facility | 70,000 | 201,500 | ||||||||||||||||||||||
Rose Rock credit facility | 245,000 | 4,500 | ||||||||||||||||||||||
SemLogistics credit facility | — | — | ||||||||||||||||||||||
SemMexico credit facility | — | — | ||||||||||||||||||||||
Capital leases | 125 | 86 | ||||||||||||||||||||||
Total long-term debt | 615,125 | 206,086 | ||||||||||||||||||||||
less: current portion of long-term debt | 37 | 24 | ||||||||||||||||||||||
Noncurrent portion of long-term debt | $ | 615,088 | $ | 206,062 | ||||||||||||||||||||
SemGroup senior unsecured notes | ||||||||||||||||||||||||
On June 14, 2013, we completed an offering of $300 million of 7.50% senior unsecured notes due 2021 (the “Notes”) to certain initial purchasers for resale to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to non-U.S. persons outside the United States pursuant to Regulation S of the Securities Act. The Notes are guaranteed by certain of our subsidiaries: SemGas, L.P., SemCanada, L.P., SemCanada II, L.P., SemMaterials, L.P., SemGroup Europe Holding, L.L.C., SemOperating G.P., L.L.C., SemMexico, L.L.C., SemDevelopment, L.L.C., Rose Rock Midstream Holdings, LLC, Wattenberg Holding, LLC, Glass Mountain Holding, LLC and Mid-America Midstream Gas Services, L.L.C. (collectively, the "Guarantors"). | ||||||||||||||||||||||||
The net proceeds from the offering were $294.0 million, after underwriters' fees. We used the net proceeds from the offering to (i) fund a portion of our acquisition on August 1, 2013, of all the outstanding equity interests in Mid-America Midstream Gas Services, L.L.C., a subsidiary of Chesapeake Energy Corporation, and (ii) during the second quarter of 2013, repay amounts borrowed under our revolving credit facility. | ||||||||||||||||||||||||
The Notes are governed by an indenture, as supplemented, between the Company and its subsidiary Guarantors and Wilmington Trust, N.A., as trustee (the “Indenture”). The Indenture includes customary covenants, including limitations on our ability to incur additional indebtedness or issue certain preferred shares; pay dividends and make certain distributions, investments and other restricted payments; create certain liens; sell assets; enter into transactions with affiliates; enter into sale and lease-back transactions; merge, consolidate, sell or otherwise dispose of all or substantially all of our assets; and designate our subsidiaries as unrestricted under the Indenture. | ||||||||||||||||||||||||
The Indenture includes customary events of default, including events of default relating to non-payment of principal and other amounts owing from time to time, failure to provide required reports, failure to comply with agreements in the indenture, cross payment-defaults to any material indebtedness, bankruptcy and insolvency events, certain unsatisfied judgments, and invalidation or cessation of the subsidiary guarantee of a significant subsidiary. A default would permit holders to declare the Notes and accrued interest due and payable. | ||||||||||||||||||||||||
The Notes are effectively subordinated in right of payment to any of our, and the Guarantors', existing and future secured indebtedness to the extent of the value of the collateral securing such indebtedness and are structurally subordinated to the obligations of any subsidiary that is not a guarantor of the Notes. | ||||||||||||||||||||||||
The Company may issue additional Notes under the Indenture from time to time, subject to the terms of the Indenture. | ||||||||||||||||||||||||
Except as described below, the Notes are not redeemable at the Company's option prior to June 15, 2016. From and after June 15, 2016, the Company may redeem the Notes, in whole or in part, at the redemption prices (expressed as percentages of principal amount) set forth below, plus accrued and unpaid interest, if redeemed during the twelve-month period beginning on June 15 of each of the years indicated below: | ||||||||||||||||||||||||
Year | Percentage | |||||||||||||||||||||||
2016 | 105.62% | |||||||||||||||||||||||
2017 | 103.75% | |||||||||||||||||||||||
2018 | 101.88% | |||||||||||||||||||||||
2019 and thereafter | 100.00% | |||||||||||||||||||||||
Prior to June 15, 2016, the Company may, at its option, on one or more occasions, redeem up to 35% of the sum of the original aggregate principal amount of the Notes at a redemption price equal to 107.500% of the aggregate principal amount thereof, plus accrued and unpaid interest, with the net cash proceeds of one or more equity offerings of the Company, subject to certain conditions. | ||||||||||||||||||||||||
Prior to June 15, 2016, the Company may also redeem all or part of the Notes at a price equal to the principal plus a premium equal to the greater of 1% of the principal or the excess of the present value of the June 15, 2016 redemption price from the table above plus all required interest payments due through June 15, 2016, computed using a discount rate based on a published United States Treasury Rate plus 50 basis points, over the principal value of such Note. | ||||||||||||||||||||||||
In the event of a change of control, the Company is required to offer to repurchase the Notes at an amount equal to 101% of the principal plus accrued and unpaid interest. | ||||||||||||||||||||||||
In accordance with a Registration Rights Agreement, in December 2013 the Company filed a registration statement with the SEC, which was declared effective by the SEC on January 2, 2014, so that holders of the Notes could exchange the Notes and related guarantees for registered notes (the "Exchange Notes") and guarantees that have substantially identical terms as the Notes and related guarantees. An exchange offer was commenced on January 3, 2014 and expired on February 4, 2014. All of the Notes were exchanged. The guarantees of the Exchange Notes are full and unconditional and constitute the joint and several obligations of the Guarantors. | ||||||||||||||||||||||||
Interest on the Notes is payable in arrears on June 15th and December 15th to holders of record on June 1st and December 1st each year until maturity. For the year ended December 31, 2013, we incurred $12.7 million of interest expense related to the Notes including the amortization of debt issuance costs. At December 31, 2013, we had $6.2 million of unamortized debt issuance costs related to the Notes included in other noncurrent assets on our consolidated balance sheet. | ||||||||||||||||||||||||
At December 31, 2013, we were in compliance with the terms of the Notes. | ||||||||||||||||||||||||
SemGroup corporate credit agreement | ||||||||||||||||||||||||
Our revolving credit facility has a capacity of $500 million at December 31, 2013. This capacity may be used either for cash borrowings or letters of credit, although the maximum letter of credit capacity is $250 million. At December 31, 2013, we had outstanding cash borrowings of $70.0 million on this facility and outstanding letters of credit of $4.0 million. During 2013, the credit agreement was amended to (i) permit the increase of the revolving commitments under the credit agreement by an aggregate amount of $300 million subject to the satisfaction of certain conditions, (ii) extend the availability period of the revolving commitments, and the maturity date of the extensions of credit thereunder, to December 11, 2018, (iii) reduce the interest rate payable in respect of the revolving and term commitments and (iv) modify the commitment fees payable in respect of revolving commitments. Earlier principal payments may be required if we enter into certain transactions to sell assets or obtain new borrowings. We have the right to make additional principal payments without incurring any penalties for early repayment. | ||||||||||||||||||||||||
Interest on revolving credit cash borrowings is charged at either a Eurodollar rate or an alternate base rate ("ABR"), at our election. The Eurodollar rate is calculated as: | ||||||||||||||||||||||||
• | the London Interbank Offered Rate (“LIBOR”) for U.S. dollar deposits adjusted for currency requirements; plus | |||||||||||||||||||||||
• | a margin that can range from 2.0% to 3.25%, depending on a leverage ratio specified in the agreement. | |||||||||||||||||||||||
The ABR is calculated as: | ||||||||||||||||||||||||
• | the greater of i) the U.S. Prime Rate, ii) the Federal Funds Effective Rate plus 0.5%, or iii) one-month LIBOR plus 1%; plus | |||||||||||||||||||||||
• | a margin that can range from 1.0% to 2.25%, depending on a leverage ratio specified in the agreement. | |||||||||||||||||||||||
At December 31, 2013, there was $70.0 million of outstanding revolving cash borrowings of which $30.0 million incurred interest at the ABR and $40.0 million incurred interest at the Eurodollar rate. The interest rate in effect at December 31, 2013 on the $30.0 million of alternate base rate borrowings was 4.75%, calculated as the prime rate of 3.25% plus a margin of 1.5%. The interest rate in effect at December 31, 2013 on the $40 million of Eurodollar rate borrowings was 2.66%, calculated as the LIBOR of 0.16% plus a margin of 2.5%. | ||||||||||||||||||||||||
At each interest payment date, we have the option of electing whether interest will be charged at the Eurodollar rate or at the ABR for the following interest period. If we elect the ABR, the following interest payment date will be at the end of the calendar quarter. If we elect the Eurodollar rate, we may elect for the next interest payment date to occur after one, two, three, or six months, or any other period acceptable to the lenders. | ||||||||||||||||||||||||
Fees are charged on any outstanding letters of credit at a rate that ranges from 2.0% to 3.25%, depending on a leverage ratio specified in the credit agreement. At December 31, 2013, the rate in effect was 2.5%. In addition, a fronting fee of 0.25% is charged on outstanding letters of credit. A commitment fee that ranges from 0.375% to 0.5%, depending on a leverage ratio defined in the credit agreement, is charged on any unused capacity on the revolving credit facility. In addition, we are charged an annual administrative fee of $0.1 million. At December 31, 2013, we had unamortized capitalized loan fees of $6.2 million net of accumulated amortization, which was recorded in other noncurrent assets and is being amortized over the life of the agreement. | ||||||||||||||||||||||||
We recorded interest expense related to the revolving credit facility of $7.7 million, $6.9 million and $2.8 million for the years ended December 31, 2013, 2012 and 2011, respectively, including amortization of capitalized loan fees. | ||||||||||||||||||||||||
The credit agreement includes customary affirmative and negative covenants, including limitations on the creation of new indebtedness, liens, sale and lease-back transactions, new investments, making fundamental changes including mergers and consolidations, making of dividends and other distributions, making material changes in our business, modifying certain documents and maintenance of a consolidated leverage ratio and an interest coverage ratio. In addition, the credit agreement prohibits any commodity transactions that are not permitted by our comprehensive risk management policy. | ||||||||||||||||||||||||
The credit agreement includes customary events of default, including events of default relating to non-payment of principal and other amounts owing under the credit agreement from time to time, including in respect of letter of credit disbursement obligations, inaccuracy of representations and warranties in any material respect when made or when deemed made, violation of covenants, cross payment-defaults to any material indebtedness, cross acceleration to any material indebtedness, bankruptcy and insolvency events, the occurrence of a change of control, certain unsatisfied judgments, certain ERISA events, certain environmental matters and certain assertions of or actual invalidity of certain loan documents. A default under the credit agreement would permit the participating banks to terminate commitments, require immediate repayment of any outstanding loans with interest and any unpaid accrued fees, and require the cash collateralization of outstanding letter of credit obligations. | ||||||||||||||||||||||||
The terms of our current credit facility restrict, to some extent, the payment of cash dividends on our common stock. The credit agreement is guaranteed by all of our material domestic subsidiaries (except for Rose Rock and its general partner and subsidiaries) and secured by a lien on substantially all of our property and assets, subject to customary exceptions. | ||||||||||||||||||||||||
At December 31, 2013, we were in compliance with the terms of the credit agreement. | ||||||||||||||||||||||||
Previous SemGroup Corporation term loan and revolving credit facilities | ||||||||||||||||||||||||
Pursuant to the Plan of Reorganization, on November 30, 2009, we entered into a revolving credit facility and a term loan. We retired these facilities in June 2011 upon entering into a new credit agreement (described above). The revolving credit facility included capacity for cash borrowings and letters of credit. | ||||||||||||||||||||||||
We paid $27 million in fees to the lenders at the inception of the agreement, which we recorded in other noncurrent assets and amortized over the life of the agreement. | ||||||||||||||||||||||||
Interest on revolving cash borrowings was charged at a floating rate, which was calculated as 5.5% plus whichever of the following yielded the highest rate: a) the Federal Funds Effective Rate plus 0.5%; b) the Prime Rate; c) the three-month LIBOR rate plus 1.5%, or d) 2.5%. In addition, a facility fee of $0.4 million was charged each year. | ||||||||||||||||||||||||
The facility included a fee that was payable at maturity. Interest was charged on this fee at a floating rate, which was calculated as 7.0% plus the greater of LIBOR or 1.5%. | ||||||||||||||||||||||||
Certain of the letters of credit were prefunded. Fees were charged on this prefunded tranche at a range of 7.0% to 8.5%. Fees on additional outstanding letters of credit were charged at a rate of 7.0%. | ||||||||||||||||||||||||
Fees ranging from 1.5% to 2.5% were charged on any lender commitments that we did not utilize. | ||||||||||||||||||||||||
Interest was charged on the term loan at a rate of 9%. We had the option under certain circumstances to defer interest on the term loan; when we selected this option, interest was charged during that period at a rate of 11%. | ||||||||||||||||||||||||
We recorded interest expense related to these facilities of $39.3 million during the year ended December 31, 2011. These facilities were retired in 2011, as described above. Included in interest expense was the amortization of debt issuance costs of $22.2 million for the year ended December 31, 2011, which included a $17.4 million write-down due to the refinancing of the credit facility. | ||||||||||||||||||||||||
Rose Rock credit facility | ||||||||||||||||||||||||
On November 10, 2011, our subsidiary Rose Rock entered into a senior secured revolving credit facility agreement. This credit facility became effective upon completion of the Rose Rock IPO on December 14, 2011. Subsequent to amendments in 2013, this credit agreement provides for a revolving credit facility of $585 million and includes a $150 million sub-limit for letters of credit. The credit agreement was amended to extend the agreement to September 20, 2018 and permit the increase of the facility by not more than $200 million, subject to certain conditions. The amended agreement allows Rose Rock to incur unsecured or subordinated debt without limitation, subject to certain conditions, and provides alternative financial performance covenants at Rose Rock's election after the issuance of $200 million or more unsecured or subordinated debt, in aggregate. Additionally, the interest rate and commitment fees related to the revolving facility were lowered. | ||||||||||||||||||||||||
At Rose Rock’s option, amounts borrowed under the credit agreement will bear interest at either the Eurodollar rate or an ABR, plus, in each case, an applicable margin. The applicable margin will range from 1.75% to 3.00% in the case of a Eurodollar rate loan, and from 0.75% to 2.00% in the case of an ABR loan, in each case, based on a leverage ratio specified in the credit agreement. At December 31, 2013, we had outstanding cash borrowings of $245.0 million which incurred interest at the ABR plus an applicable margin. The interest rate at December 31, 2013 was 1.92%. | ||||||||||||||||||||||||
Fees are charged on any outstanding letters of credit at a rate that ranges from 1.75% to 3.00%, depending on a leverage ratio specified in the credit agreement. At December 31, 2013, there were $34.5 million in outstanding letters of credit, and the rate in effect was 1.75%. In addition, a fronting fee of 0.25% is charged on outstanding letters of credit. | ||||||||||||||||||||||||
A commitment fee that ranges from 0.375% to 0.50%, depending on a leverage ratio specified in the credit agreement, is charged on any unused capacity of the revolving credit facility. In addition, we are charged an annual administrative fee of $0.1 million. The credit facility also allows for the use of Secured Bilateral Letters of Credit, which are issued external to the credit facility and do not reduce revolver availability. At December 31, 2013, we had $61.3 million of Bilateral Letters of Credit outstanding and the interest rate in effect was 1.75%. | ||||||||||||||||||||||||
At December 31, 2013, we had $4.8 million in capitalized loan fees, net of accumulated amortization, which is recorded in other noncurrent assets and is being amortized over the life of the agreement. | ||||||||||||||||||||||||
We recorded interest expense related to this facility of $7.2 million, $1.9 million and $0.1 million for the years ended December 31, 2013, 2012 and 2011, respectively, including amortization of debt issuance costs. | ||||||||||||||||||||||||
The credit agreement includes customary representations and warranties and affirmative and negative covenants. The covenants in the agreement include limitations on creation of new indebtedness and liens, entry into sale and lease-back transactions, investments, and fundamental changes including mergers and consolidations, dividends and other distributions, material changes in Rose Rock’s business and modifying certain documents. In addition, the agreement prohibits any commodity transactions that are not permitted by Rose Rock’s comprehensive risk management policy. | ||||||||||||||||||||||||
Additionally, the agreement requires Rose Rock to maintain a minimum ratio of consolidated EBITDA to consolidated cash interest expense at the end of any fiscal quarter, for the immediately preceding four quarter period, of 2.50 to 1.00 and a maximum ratio of consolidated net debt to consolidated EBITDA at the end of any fiscal quarter, for the immediately preceding four quarter period, of 5.00 to 1.00 (or 5.50 to 1.00 during a temporary period from the date of funding of the purchase price of certain acquisitions (as described in the credit facility) until the last day of the third fiscal quarter following such acquisitions). | ||||||||||||||||||||||||
Upon the initial incurrence of at least $200 million of unsecured debt, Rose Rock will have a one-time option to elect to comply with the ratio of consolidated EBITDA to consolidated cash interest expense and the ratio of consolidated net debt to consolidated EBITDA as detailed above or the following alternative covenants: | ||||||||||||||||||||||||
• | a minimum ratio of consolidated EBITDA to consolidated cash interest expense at the end of any fiscal quarter, for the immediately preceding four quarter period, of 2.50 to 1.00; | |||||||||||||||||||||||
• | a maximum ratio of consolidated net debt to consolidated EBITDA at the end of any fiscal quarter, for the immediately preceding four quarter period, of 5.50 to 1.00; and | |||||||||||||||||||||||
• | a maximum ratio of senior secured debt to consolidated EBITDA of 3.50 to 1.00. | |||||||||||||||||||||||
The credit agreement includes customary events of default, including events of default relating to non-payment of principal and other amounts owing under the agreement from time to time, including in respect of letter of credit disbursement obligations, inaccuracy of representations and warranties in any material respect when made or when deemed made, violation of covenants, cross payment-defaults of Rose Rock and its restricted subsidiaries to any material indebtedness, cross acceleration to any material indebtedness, bankruptcy and insolvency events, the occurrence of a change of control, certain unsatisfied judgments, certain ERISA events, certain environmental matters and certain assertions of or actual invalidity of certain loan documents. A default under the Rose Rock credit agreement would permit the participating banks to terminate commitments, require immediate repayment of any outstanding loans with interest and any unpaid accrued fees, and require the cash collateralization of outstanding letter of credit obligations. | ||||||||||||||||||||||||
The credit agreement restricts Rose Rock’s ability to make certain types of payments relating to its units, including the declaration or payment of cash distributions; provided that Rose Rock may make quarterly distributions of available cash so long as no default under the agreement then exists or would result therefrom. The agreement is: | ||||||||||||||||||||||||
• | guaranteed by all of Rose Rock’s material domestic subsidiaries; and | |||||||||||||||||||||||
• | secured by a lien on substantially all of the property and assets of Rose Rock and the guarantors, subject to customary exceptions. | |||||||||||||||||||||||
At December 31, 2013, we were in compliance with the terms of the credit agreement. | ||||||||||||||||||||||||
SemLogistics credit facilities | ||||||||||||||||||||||||
SemLogistics entered into a credit agreement in December 2010, which included a £15 million term loan and a £15 million revolving credit facility (U.S. $24.7 million each, at the December 31, 2013 exchange rate). This facility was terminated in March 2012. | ||||||||||||||||||||||||
SemLogistics recorded interest expense of $1.4 million and $1.0 million for the years ended December 31, 2012 and 2011, respectively, including amortization of debt issuance costs. | ||||||||||||||||||||||||
During February 2011, we entered into three interest swap agreements. The intent of the swaps was to offset a portion of the variability in interest payments due under the term loan. These swaps were terminated in March 2012 with a loss on closure of $0.4 million, including a reclass of $0.3 million from accumulated other comprehensive income to earnings. | ||||||||||||||||||||||||
SemMexico facilities | ||||||||||||||||||||||||
During 2013, SemMexico renewed a credit agreement that allows SemMexico to borrow up to 56 million Mexican pesos (U.S. $4.3 million at the December 31, 2013 exchange rate) at any time during the term of the facility, which matures in July 2014. Borrowings are unsecured and bear interest at the bank prime rate in Mexico plus 1.7%. At December 31, 2013, there were no outstanding borrowings on this facility. | ||||||||||||||||||||||||
On June 13, 2012, SemMexico entered into a revolving credit agreement that allows SemMexico to borrow up to 44 million Mexican pesos (U.S. $3.4 million at the December 31, 2013 exchange rate) at any time during the term of the facility, which matures in June 2015. Borrowings are unsecured and bear interest at the bank prime rate in Mexico plus 2.0%. At December 31, 2013, there were no outstanding borrowings on this facility. | ||||||||||||||||||||||||
During 2011, SemMexico entered into a credit agreement that allowed SemMexico to borrow up to 56 million Mexican pesos (U.S. $4.3 million at the December 31, 2013 exchange rate) at any time during the term of the facility. This facility matured in August 2012. Borrowings were unsecured and bore interest at the bank prime rate in Mexico plus 1.7%. | ||||||||||||||||||||||||
During 2010, SemMexico entered into a credit agreement that allowed SemMexico to borrow up to 80 million Mexican pesos (U.S. $6.1 million at the December 31, 2013 exchange rate) at any time through June 2011. Borrowings on this facility were required to be repaid with monthly payments through May 2013. | ||||||||||||||||||||||||
SemMexico also has outstanding letters of credit of 292.8 million Mexican pesos at December 31, 2013 (U.S. $22.4 million). Fees are generally charged on outstanding letters of credit at a rate of 0.5% . | ||||||||||||||||||||||||
SemMexico recorded interest expense of $0.2 million, $0.4 million and $0.4 million during the years ended December 31, 2013, 2012 and 2011, respectively, related to these facilities. | ||||||||||||||||||||||||
At December 31, 2013, we were in compliance with the terms of these facilities. | ||||||||||||||||||||||||
Scheduled principal payments | ||||||||||||||||||||||||
The following table summarizes the scheduled principal payments as of December 31, 2013 (in thousands). As described above, our credit agreements require accelerated principal payments under certain circumstances. As a result, principal payments may occur earlier than shown in the table below. | ||||||||||||||||||||||||
7.50% Senior Unsecured Notes | SemGroup | Rose Rock | SemMexico | Capital | Total | |||||||||||||||||||
Facility | Facility | Facility | Leases | |||||||||||||||||||||
For the year ended: | ||||||||||||||||||||||||
31-Dec-14 | $ | — | $ | — | $ | — | $ | — | $ | 37 | $ | 37 | ||||||||||||
31-Dec-15 | — | — | — | — | 39 | 39 | ||||||||||||||||||
31-Dec-16 | — | — | — | — | 21 | 21 | ||||||||||||||||||
31-Dec-17 | — | — | — | — | 15 | 15 | ||||||||||||||||||
31-Dec-18 | — | 70,000 | 245,000 | — | 13 | 315,013 | ||||||||||||||||||
Thereafter | 300,000 | — | — | — | — | 300,000 | ||||||||||||||||||
Total | $ | 300,000 | $ | 70,000 | $ | 245,000 | $ | — | $ | 125 | $ | 615,125 | ||||||||||||
Fair value | ||||||||||||||||||||||||
The fair value of our 7.5% senior unsecured notes was $317 million at December 31, 2013, based on unadjusted, transacted market prices, which is categorized as a Level 1 measurement. We estimate that the fair value of our other long-term debt was not materially different than the recorded values at December 31, 2013. It is our belief that neither the market interest rates nor our credit profile have changed significantly enough to have had a material impact on the fair value of our other debt outstanding at December 31, 2013. This estimate is categorized as a Level 3 measurement. |
Commitments_and_Contingencies
Commitments and Contingencies | 12 Months Ended | ||||||
Dec. 31, 2013 | |||||||
Commitments and Contingencies Disclosure [Abstract] | ' | ||||||
Commitments and Contingencies | ' | ||||||
COMMITMENTS AND CONTINGENCIES | |||||||
Bankruptcy matters | |||||||
(a) | Confirmation order appeals | ||||||
Luke Oil appeal. On October 21, 2009, Luke Oil Company, C&S Oil/Cross Properties, Inc., Wayne Thomas Oil and Gas and William R. Earnhardt Company (collectively, “Luke Oil”) filed an objection to the Plan of Reorganization “to the extent that the Plan of Reorganization may alter, impair, or otherwise adversely affect Luke Oil’s legal rights or other interests.” On October 28, 2009, the bankruptcy court overruled the Luke Oil objection and entered the confirmation order. On November 6, 2009, Luke Oil filed a Notice of Appeal. On December 23, 2009, Luke Oil’s appeal was docketed in the United States District Court for the District of Delaware. We filed a motion to dismiss the appeal as equitably moot. On May 21, 2012, the District Court entered an order granting our motion to dismiss Luke Oil's appeal of the confirmation order. On June 18, 2012, Luke Oil filed its Notice of Appeal, notifying the District Court and the parties to the lawsuit that it was appealing the decision of the District Court to the United States Court of Appeals for the Third Circuit. On August 27, 2013, the United States Court of Appeals for the Third Circuit issued an opinion, and on September 18, 2013 issued a judgment, reversing the District Court’s dismissal of the confirmation order and remanding the case to the District Court for consideration on the merits of Luke Oil’s appeal of the confirmation order. On January 28, 2014, the parties reached agreement to settle all outstanding disputes. Once the written settlement agreement is finalized and executed, the Appeal will be dismissed and the parties will release each other from all claims and causes of action. | |||||||
(b) | Investigations | ||||||
Around the time of our predecessor's bankruptcy filings, several governmental agencies launched investigations regarding the circumstances of the filings. The mandate and scope of these investigations were very broad and the investigations are ongoing. | |||||||
Bankruptcy examiner. On October 14, 2008, the bankruptcy court appointed an examiner to (i) investigate the circumstances surrounding our predecessor's trading strategy prior to bankruptcy filings; (ii) investigate the circumstances surrounding certain insider transactions and the formation of SemGroup Energy Partners L.P. (a former subsidiary); (iii) investigate the circumstances surrounding the potential improper use of borrowed funds and funds generated from operations and the liquidation of assets to satisfy margin calls related to our predecessor's trading strategy and that of certain entities owned or controlled by former officers and directors of the general partner of SemGroup, L.P.; (iv) determine whether any directors, officers or employees of the general partner of SemGroup, L.P. participated in fraud, dishonesty, incompetence, misconduct, mismanagement, or irregularity in the management of our affairs; and (v) determine whether the SemGroup debtor estates have causes of action against current or former officers, directors, or employees of the general partner of SemGroup, L.P. arising from such participation. The examiner’s report was filed with the bankruptcy court on April 15, 2009. | |||||||
Certain current and prior employees of the general partner of SemGroup, L.P. are referenced in the examiner’s report and the report’s conclusions may suggest possible civil or criminal liability on their part. To the extent such claims exist, they are property of a litigation trust that was established for the benefit of pre-petition creditors pursuant to the Plan of Reorganization, and are not property of the reorganized SemGroup Corporation. This litigation trust is pursuing claims against certain former officers, at its own expense. We may incur expenses, which are not expected to be material, related to information and document requests of the litigation trust related to such claims. Any indemnification obligations to such officers by SemGroup, L.P. were discharged under the Plan of Reorganization. | |||||||
CFTC. On June 19, 2008, we received a request for voluntary production from the Commodity Futures Trading Commission (“CFTC”). Subsequent to the bankruptcy filings, the CFTC sent other requests for voluntary production. The CFTC has also served subpoenas upon us requiring us to produce various documents and for the depositions of our representatives. We continue to comply with the CFTC’s requests. We are unaware of any currently pending formal charges against us by the CFTC. | |||||||
(c) | Claims reconciliation process | ||||||
A large number of parties have made claims against us for obligations alleged to have been incurred prior to our predecessor's bankruptcy filing. On September 15, 2010, the bankruptcy court entered an order estimating the contingent, unliquidated and disputed claims and authorizing distributions to holders of allowed claims. Pursuant to that order we have begun making distributions to the claimants. We continue to attempt to settle unresolved claims. | |||||||
Pursuant to the Plan of Reorganization, we committed to settle authorized and allowed bankruptcy claims by paying a specified amount of cash, issuing a specified number of warrants, and issuing a specified number of shares of SemGroup Corporation common stock. We do not believe the resolution of the remaining outstanding claims will exceed the total amount of consideration established under the Plan of Reorganization for all claimants; instead, the resolution of the remaining claims in some cases will impact the relative share of the established pool of common stock and warrants that certain claimants receive. | |||||||
However, under certain circumstances we could be required to pay additional funds to settle the specified group of claims to be settled with cash. Pursuant to the Plan of Reorganization, a specified amount of restricted cash was set aside at the Emergence Date, which we expect to be sufficient to settle this group of claims. Since the Emergence Date, we have made significant progress in resolving these claims, and we continue to believe that the cash set aside at the Emergence Date will be sufficient to settle these claims. However, we have not yet reached a resolution of all of these claims, and if the total settlement amount of all of these claims exceeds the specified amount, we will be required to pay additional funds to satisfy the total settlement amount for this specified group of claims. If this were to become probable of occurring, we would be required to record a liability and a corresponding expense. | |||||||
Blueknight claim | |||||||
Blueknight Energy Partners, L.P. (“Blueknight”), which was formerly a subsidiary of SemGroup, together with other entities related to Blueknight, entered into a Shared Services Agreement on April 7, 2009, with SemCrude, L.P., now known as Rose Rock Midstream Crude, L.P. (“SemCrude”) and SemManagement, L.L.C. (which are currently subsidiaries of SemGroup). The services provided by SemCrude to Blueknight under this agreement included assisting Blueknight with movement of crude oil belonging to Blueknight’s customers and with the operation of Blueknight’s Oklahoma pipeline system and its Cushing, Oklahoma terminal. Under the subsequent amendments to the agreements beginning in May 2010, certain of these services were phased out, and Blueknight began to perform all services necessary for the movement of its crude oil and the operation of its Cushing terminal without SemCrude’s assistance. | |||||||
In a letter dated August 18, 2011, Blueknight claimed that SemCrude owes Blueknight approximately 141,000 barrels of crude oil. We responded to Blueknight’s letter denying their charges and requesting documentation from Blueknight of its claim. On February 14, 2012, after months of interaction between the parties through which Blueknight was requested to substantiate its claim, Blueknight filed suit against SemCrude and other related companies in the District Court of Oklahoma County, Oklahoma. On May 1, 2012, the case was transferred to Tulsa County, Oklahoma. On July 2, 2012, the Tulsa County District Court appointed a Special Master to review terminal operations accounting records and determine whether 141,000 barrels of crude oil owned by Blueknight is missing after three months of operations in April through June, 2010. On June 11, 2013, the Special Master’s Report was filed with the District Court finding a shortage in Blueknight’s Cushing terminal and Oklahoma pipeline system of 148,000 barrels. However, after a review of all records created during that three month time period, the Special Master was unable to determine how the shortage might have occurred and was unable to determine the ownership of the potential shortage. | |||||||
We are currently seeking discovery in the District Court of documentation and testimony on the potential cause and the impact, if any, of the shortage found by the Special Master. Blueknight is resisting discovery and has asked for summary judgment against SemCrude and the other defendants for the entire terminal and pipeline system shortage. On February 20, 2014, the Court overruled all requests for summary judgment and ordered Blueknight to allow SemGroup to take further discovery. We will continue to defend our position; however, we cannot predict the outcome. | |||||||
Environmental | |||||||
We may from time to time experience leaks of petroleum products from our facilities, as a result of which we may incur remediation obligations or property damage claims. In addition, we are subject to numerous environmental regulations. Failure to comply with these regulations could result in the assessment of fines or penalties by regulatory authorities. | |||||||
The Kansas Department of Health and Environment (“the KDHE”) initiated discussions during our bankruptcy proceeding regarding six of our sites in Kansas (five owned by Crude and one owned by SemGas) that KDHE believes, based on their historical use, may have soil or groundwater contamination in excess of state standards. KDHE sought our agreement to undertake assessments of these sites to determine whether they are contaminated. We reached an agreement with KDHE on this matter and entered into a Consent Agreement and Final Order with KDHE to conduct environmental assessments on the sites and to pay KDHE’s costs associated with their oversight of this matter. We have conducted phase II investigations at all sites and results indicate that four of the sites have limited amounts of soil contamination that will require remediation and ground water contamination that may require further delineation and/or ongoing monitoring. Work plans have been submitted to, and approved by, the KDHE. We do not anticipate any penalties or fines for these historical sites. Remediation costs are expected to be immaterial. | |||||||
A water pipeline break occurred at a SemCAMS facility during August 2010. This resulted in a spill of material that was predominantly salt water containing a small amount of hydrocarbons. The incident was investigated by Environment Canada and Alberta Environment. On February 14, 2012, charges were filed against SemCAMS by the Federal Government of Canada (Department of Fisheries) and the Province of Alberta (Alberta Environment) in connection with this incident. On June 4, 2013, the Federal and Provincial Crown Prosecutors submitted a settlement offer consisting of approximately $400 thousand in fines and a guilty plea on two counts. Following negotiation with the prosecutors, on December 23, 2013, SemCAMS appeared in the Alberta Provincial Court and pled guilty to one count under the Fisheries Act and one count under provincial environmental legislation and agreed to pay a fine of $350 thousand (CAD). This matter is now settled. | |||||||
Other matters | |||||||
We are party to various other claims, legal actions, and complaints arising in the ordinary course of business. In the opinion of our management, the ultimate resolution of these claims, legal actions, and complaints, after consideration of amounts accrued, insurance coverage, and other arrangements, will not have a material adverse effect on our consolidated financial position, results of operations or cash flows. However, the outcome of such matters is inherently uncertain, and estimates of our consolidated liabilities may change materially as circumstances develop. | |||||||
Asset retirement obligations | |||||||
We will be required to incur significant removal and restoration costs when we retire our natural gas gathering and processing facilities in Canada. We have recorded a liability associated with these obligations, which is reported within other noncurrent liabilities on the consolidated balance sheets. The following table summarizes the changes in this liability from December 31, 2010 through December 31, 2013 (in thousands): | |||||||
Balance at December 31, 2010 | $ | 32,884 | |||||
Accretion | 4,114 | ||||||
Payments made | (341 | ) | |||||
Currency translation adjustments | (771 | ) | |||||
Balance at December 31, 2011 | 35,886 | ||||||
Accretion | 4,554 | ||||||
Payments made | (1,169 | ) | |||||
Currency translation adjustments | 834 | ||||||
Balance at December 31, 2012 | 40,105 | ||||||
Accretion | 4,752 | ||||||
Payments made | (808 | ) | |||||
Currency translation adjustments | (2,864 | ) | |||||
Balance at December 31, 2013 | $ | 41,185 | |||||
The December 31, 2013 liability was calculated using the $100.9 million cost we estimate we would incur to retire these facilities, discounted based on our risk-adjusted cost of borrowing and the estimated timing of remediation. | |||||||
The calculation of the liability for an asset retirement obligation requires the use of significant estimates, including those related to the length of time before the assets will be retired, cost inflation over the assumed life of the assets, actual remediation activities to be required, and the rate at which such obligations should be discounted. Future changes in these estimates could result in material changes in the value of the recorded liability. In addition, future changes in laws or regulations could require us to record additional asset retirement obligations. The $100.9 million estimated cost represents only our proportionate share of the obligations associated with these facilities. An additional $41.7 million of estimated costs are attributable to third-party owners’ proportionate share of the obligations. If an owner fails to perform on its obligations, the other owners (including SemGroup) could be obligated to bear that party’s share of the remediation costs. | |||||||
Our other segments may also be subject to removal and restoration costs upon retirement of their facilities. However, we are unable to predict when, or if, our pipelines, storage tanks and other facilities would become completely obsolete and require decommissioning. Accordingly, we have not recorded a liability or corresponding asset, as both the amount and timing of such potential future costs are indeterminable. | |||||||
Operating leases | |||||||
We have entered into operating lease agreements for office space, office equipment, land, trucks and tank storage. Future minimum payments required under operating leases that have initial or remaining non-cancellable lease terms in excess of one year at December 31, 2013 are as follows (in thousands): | |||||||
For year ending: | |||||||
31-Dec-14 | $ | 8,618 | |||||
31-Dec-15 | 8,890 | ||||||
31-Dec-16 | 8,752 | ||||||
31-Dec-17 | 6,737 | ||||||
31-Dec-18 | 2,785 | ||||||
Thereafter | 6,213 | ||||||
Total future minimum lease payments | $ | 41,995 | |||||
We recorded lease and rental expenses of $11.4 million, $8.4 million and $9.4 million for the years ended December 31, 2013, 2012 and 2011, respectively. | |||||||
Purchase and sale commitments | |||||||
We routinely enter into agreements to purchase and sell petroleum products at specified future dates. We account for these commitments as normal purchases and sales, and therefore we do not record assets or liabilities related to these agreements until the product is purchased or sold. At December 31, 2013, such commitments included the following (in thousands): | |||||||
Volume | Value | ||||||
(barrels) | |||||||
Fixed price purchases | 337 | $ | 30,767 | ||||
Fixed price sales | 397 | $ | 38,311 | ||||
Floating price purchases | 14,610 | $ | 1,432,982 | ||||
Floating price sales | 15,785 | $ | 1,458,312 | ||||
Certain of the commitments shown in the table above relate to agreements to purchase product from a counterparty and to sell a similar amount of product (in a different location) to the same counterparty. Many of the commitments shown in the table above are cancellable by either party, as long as notice is given within the time frame specified in the agreement (generally 30 to 120 days). | |||||||
Our SemGas segment has a take or pay contractual obligation related to the fractionation of natural gas liquids. This obligation began in July 2011 and continues through June 2023, subsequent to the extension of the agreement in the second quarter of 2013. At December 31, 2013, approximately $25.8 thousand was due under the contract and the amount of future obligation is approximately $87.3 million. SemGas also enters into contracts under which we are responsible for marketing the majority of the gas and natural gas liquids produced by the counterparties to the agreements. The majority of SemGas’ revenues were generated from such contracts. | |||||||
See Note 5 for capital commitments related to Glass Mountain Pipeline and the White Cliffs expansion project. |
Equity
Equity | 12 Months Ended | ||||||
Dec. 31, 2013 | |||||||
Stockholders' Equity Note [Abstract] | ' | ||||||
Equity | ' | ||||||
EQUITY | |||||||
Common stock | |||||||
Upon emergence from bankruptcy, we issued 40,882,496 shares of common stock. The Plan of Reorganization specified that we were to issue an additional 517,500 shares of common stock in settlement of pre-petition claims. As of December 31, 2013, we have issued 228,309 shares of this stock and will issue the remainder as the process of resolving the claims progresses. The owners’ equity balances on the consolidated balance sheets include the shares that are required to be issued in settlement of pre-petition claims. The shares of common stock reflected on the consolidated balance sheet at December 31, 2013 are summarized below: | |||||||
Shares issued on Emergence Date | 40,882,496 | ||||||
Shares subsequently issued in settlement of pre-petition claims | 228,309 | ||||||
Remaining shares required to be issued in settlement of pre-petition claims | 289,191 | ||||||
Issuance of shares under employee and director compensation programs (*) | 691,570 | ||||||
Shares issued upon exercise of warrants (**) | 441,325 | ||||||
Total shares | 42,532,891 | ||||||
Par value per share | $ | 0.01 | |||||
Common stock on December 31, 2013 balance sheet (in thousands) | $ | 425 | |||||
(*) These shares include 107,988 shares which vested during the year ended December 31, 2013. Of these vested shares, recipients sold back to the Company 8,591 shares to satisfy tax withholding obligations which are being recognized at cost as treasury stock on the consolidated balance sheet. | |||||||
(**) These shares include 425,618 shares issued during the year ended December 31, 2013. | |||||||
In addition to the shares in the table above, there are shares of unvested restricted stock outstanding at December 31, 2013. The par value of these shares has not yet been reflected in common stock on the consolidated balance sheet, as these shares have not yet vested. There are also shares of restricted stock that were returned to treasury upon forfeiture. The par value of these shares is not reflected in the consolidated balance sheet, as no accounting recognition is given to forfeited shares. | |||||||
The common stock includes Class A and Class B stock. Class A stock is eligible to be listed on an exchange, whereas Class B stock is not. Any share of Class B stock may be converted to Class A at the election of the holder. Both classes of stock have full voting rights. Both classes of stock have a par value of $0.01 per share. The total common stock outstanding at December 31, 2013 and 2012 includes 28,235 shares of Class B stock. The total number of shares authorized for issuance is 90,000,000 shares of Class A stock and 10,000,000 shares of Class B stock. | |||||||
Warrants | |||||||
Upon emergence from bankruptcy protection, we issued 1,634,210 warrants. The Plan of Reorganization specified that we were to issue an additional 544,737 warrants in settlement of the pre-petition claims. As of December 31, 2013, we have issued 240,310 of the warrants and will issue the remainder as the process of resolving the claims progresses. Beginning September 2011, the warrants began trading on the New York Stock Exchange under the ticker symbol, SEMGWS. The warrants reflected on the consolidated balance sheet at December 31, 2013 are summarized below: | |||||||
Warrants issued on Emergence Date | 1,634,210 | ||||||
Warrants subsequently issued in settlement of pre-petition claims | 240,310 | ||||||
Remaining warrants to be issued in settlement of pre-petition claims | 304,427 | ||||||
Warrants exercised | (818,124 | ) | |||||
Total warrants at December 31, 2013 | 1,360,823 | ||||||
Fair value per warrant at December 31, 2013 | $ | 42.72 | |||||
Warrant liability on December 31, 2013 consolidated balance sheet (in thousands) | $ | 58,134 | |||||
Each warrant entitles the holder to purchase one share of common stock for $25 at any time before the November 30, 2014 expiration date. Upon exercise, a holder may elect a cashless exercise, whereby the number of shares to be issued to the holder is reduced, in lieu of a cash payment. In the event of a change in control of the Company, the holders of the warrants would have the right to sell the warrants to us, and we would have the right to purchase the warrants from the holders. In either case, the price to be paid for the warrants would be calculated using a standard pricing model with inputs specified in the warrant agreement. | |||||||
Dividends | |||||||
We began paying a quarterly cash dividend in the second quarter of 2013. The following table sets forth the quarterly dividends per share declared and paid to shareholders for the periods indicated: | |||||||
Quarter Ending | Dividend Per Share | Date Declared | Date of Record | Date Paid | |||
30-Jun-13 | $ | 0.19 | May 8, 2013 | May 20, 2013 | 30-May-13 | ||
30-Sep-13 | $ | 0.2 | August 8, 2013 | August 19, 2013 | 30-Aug-13 | ||
31-Dec-13 | $ | 0.21 | November 11, 2013 | November 22, 2013 | 3-Dec-13 | ||
31-Mar-14 | $ | 0.22 | February 25, 2014 | March 10, 2014 | 20-Mar-14 | ||
Earnings_Per_Share
Earnings Per Share | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Earnings Per Share [Abstract] | ' | |||||||||||
Earnings Per Share | ' | |||||||||||
EARNINGS PER SHARE | ||||||||||||
The following summarizes the calculation of basic earnings per share for the years ended December 31, 2013, 2012 and 2011 (in thousands, except per share amounts): | ||||||||||||
Year Ended December 31, 2013 | ||||||||||||
Continuing | Discontinued | Net | ||||||||||
Operations | Operations | |||||||||||
Income | $ | 65,753 | $ | 59 | $ | 65,812 | ||||||
less: Income attributable to noncontrolling interest | 17,710 | — | 17,710 | |||||||||
Numerator | $ | 48,043 | $ | 59 | $ | 48,102 | ||||||
Common stock issued and to be issued pursuant to Plan of Reorganization | 41,400 | 41,400 | 41,400 | |||||||||
Weighted average common stock outstanding issued under compensation plans and warrant exercises | 939 | 939 | 939 | |||||||||
Denominator | 42,339 | 42,339 | 42,339 | |||||||||
Basic earnings per share | $ | 1.13 | $ | 0 | $ | 1.14 | ||||||
Year Ended December 31, 2012 | ||||||||||||
Continuing | Discontinued | Net | ||||||||||
Operations | Operations | |||||||||||
Income | $ | 28,958 | $ | 2,939 | $ | 31,897 | ||||||
less: Income attributable to noncontrolling interest | 9,797 | — | 9,797 | |||||||||
Numerator | $ | 19,161 | $ | 2,939 | $ | 22,100 | ||||||
Common stock issued and to be issued pursuant to Plan of Reorganization | 41,400 | 41,400 | 41,400 | |||||||||
Weighted average common stock outstanding issued under compensation plans and warrant exercises | 539 | 539 | 539 | |||||||||
Denominator | 41,939 | 41,939 | 41,939 | |||||||||
Basic earnings per share | $ | 0.46 | $ | 0.07 | $ | 0.53 | ||||||
Year Ended December 31, 2011 | ||||||||||||
Continuing | Discontinued | Net | ||||||||||
Operations | Operations | |||||||||||
Income (loss) | $ | 12,360 | $ | (9,548 | ) | $ | 2,812 | |||||
less: Income attributable to noncontrolling interest | 435 | — | 435 | |||||||||
Numerator | $ | 11,925 | $ | (9,548 | ) | $ | 2,377 | |||||
Common stock issued and to be issued pursuant to Plan of Reorganization | 41,400 | 41,400 | 41,400 | |||||||||
Weighted average common stock outstanding issued under compensation plans | 240 | 240 | 240 | |||||||||
Denominator | 41,640 | 41,640 | 41,640 | |||||||||
Basic earnings (loss) per share | $ | 0.29 | $ | (0.23 | ) | $ | 0.06 | |||||
The following summarizes the calculation of diluted earnings per share for the years ended December 31, 2013, 2012 and 2011 (in thousands, except per share amounts): | ||||||||||||
Year Ended December 31, 2013 | ||||||||||||
Continuing | Discontinued | Net | ||||||||||
Operations | Operations | |||||||||||
Income | $ | 65,753 | $ | 59 | $ | 65,812 | ||||||
less: Income attributable to noncontrolling interest | 17,710 | — | 17,710 | |||||||||
Numerator | $ | 48,043 | $ | 59 | $ | 48,102 | ||||||
Common stock issued and to be issued pursuant to Plan of Reorganization | 41,400 | 41,400 | 41,400 | |||||||||
Weighted average common stock outstanding issued under compensation plans and warrant exercise | 939 | 939 | 939 | |||||||||
Effect of dilutive securities | 307 | 307 | 307 | |||||||||
Denominator | 42,646 | 42,646 | 42,646 | |||||||||
Diluted earnings per share | $ | 1.13 | $ | 0 | $ | 1.13 | ||||||
Year Ended December 31, 2012 | ||||||||||||
Continuing | Discontinued | Net | ||||||||||
Operations | Operations | |||||||||||
Income | $ | 28,958 | $ | 2,939 | $ | 31,897 | ||||||
less: Income attributable to noncontrolling interest | 9,797 | — | 9,797 | |||||||||
Numerator | $ | 19,161 | $ | 2,939 | $ | 22,100 | ||||||
Common stock issued and to be issued pursuant to Plan of Reorganization | 41,400 | 41,400 | 41,400 | |||||||||
Weighted average common stock outstanding issued under compensation plans and warrant exercises | 539 | 539 | 539 | |||||||||
Effect of dilutive securities | 315 | 315 | 315 | |||||||||
Denominator | 42,254 | 42,254 | 42,254 | |||||||||
Diluted earnings per share | $ | 0.45 | $ | 0.07 | $ | 0.52 | ||||||
Year Ended December 31, 2011 | ||||||||||||
Continuing | Discontinued | Net | ||||||||||
Operations | Operations | |||||||||||
Income (loss) | $ | 12,360 | $ | (9,548 | ) | $ | 2,812 | |||||
less: Income attributable to noncontrolling interest | 435 | — | 435 | |||||||||
less: Income resulting from change in fair value of warrants | 5,012 | — | 5,012 | |||||||||
Numerator | $ | 6,913 | $ | (9,548 | ) | $ | (2,635 | ) | ||||
Common stock issued and to be issued pursuant to Plan of Reorganization | 41,400 | 41,400 | 41,400 | |||||||||
Weighted average common stock outstanding issued under compensation plans | 240 | 240 | 240 | |||||||||
Denominator | 41,640 | 41,640 | 41,640 | |||||||||
Diluted earnings (loss) per share | $ | 0.17 | $ | (0.23 | ) | $ | (0.06 | ) | ||||
For the years ended December 31, 2013 and December 31, 2012, we recorded a loss on the change in the fair value of the warrants; because of this, the warrants did not cause any dilution for that period. For the year ended December 31, 2011, we recorded a gain on the change in the fair value of the warrants of $5.0 million. | ||||||||||||
On January 1, 2014, we issued 75,942 shares of common stock upon the vesting of certain grants of restricted stock and restricted stock units. These shares are not reflected in the shares of common stock shown in the tables above. |
EquityBased_Compensation
Equity-Based Compensation | 12 Months Ended | ||||||
Dec. 31, 2013 | |||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | ||||||
Equity-Based Compensation | ' | ||||||
EQUITY-BASED COMPENSATION | |||||||
SemGroup Corporation equity awards | |||||||
We have reserved a total of 2,781,635 shares of common stock for issuance pursuant to employee and director compensation programs. These awards give the recipients the right to receive shares of common stock, once specified service or performance related vesting conditions are met. The awards typically have one year vesting period for non-management directors and three years for employees. We record expense for these awards (and corresponding increases to additional paid-in capital) based on the grant date fair value of the awards. Although these awards are to be settled in shares, we may elect to give participants the option of settling a portion of the awards in cash, to meet statutory minimum tax withholding requirements. The activity related to these awards is summarized below: | |||||||
Unvested | Average | ||||||
Shares | Grant Date | ||||||
Fair Value(*) | |||||||
Outstanding at December 31, 2010 | 502,902 | $ | 25 | ||||
Awards granted - 2011 (**) | 173,982 | $ | 28.9 | ||||
Awards vested - 2011 | (201,361 | ) | $ | 25 | |||
Awards forfeited - 2011 | (65,017 | ) | $ | 25.36 | |||
Outstanding at December 31, 2011 | 410,506 | $ | 26.59 | ||||
Awards granted - 2012 (**) | 246,432 | $ | 27.81 | ||||
Awards vested - 2012 | (162,986 | ) | $ | 25.2 | |||
Award forfeited - 2012 | (43,400 | ) | $ | 27.74 | |||
Outstanding at December 31, 2012 | 450,552 | $ | 26.87 | ||||
Awards granted - 2013 (**) | 201,451 | $ | 52.78 | ||||
Awards vested - 2013 | (107,988 | ) | $ | 25.71 | |||
Award forfeited - 2013 | (13,412 | ) | $ | 32.36 | |||
Outstanding at December 31, 2013 | 530,603 | $ | 36.8 | ||||
(*) | The grant date fair value of awards issued prior to our listing on the New York Stock Exchange was estimated at $25 per share, which was the per share reorganization value of the Company. Subsequent to our listing, the grant date fair value is determined based on the closing price on the New York Stock Exchange on the date of issue. | ||||||
(**) | For certain of the awards granted in 2013, 2012 and 2011, the number of shares that will vest is contingent upon our achievement of certain specified targets. Awards with performance conditions are valued based on the grant date closing price on the New York Stock Exchange assuming that 100% of the awards will vest. Awards with market conditions are valued using Monte Carlo simulations. Market awards issued in 2013 were valued using blended volatility of 28.9%, comprised of 50% historical volatility and 50% implied volatility and a risk-free rate based on the three-year United States Treasury spot rate on the grant date. If we meet the specified maximum targets, approximately 74 thousand, 41 thousand and 26 thousand additional shares could vest related to the 2013, 2012 and 2011 awards, respectively. | ||||||
The following table, which includes potential shares from specified targets, assuming maximum achievement (as discussed above), summarizes the scheduled vesting of awards that have been granted as of December 31, 2013: | |||||||
Year ended December 31, 2014 | 165,980 | shares | |||||
Year ended December 31, 2015 | 244,912 | shares | |||||
Year ended December 31, 2016 | 260,898 | shares | |||||
During the month of January 2014, 75,942 of these awards vested. | |||||||
The awards may be subject to accelerated vesting in the event of involuntary terminations. | |||||||
The holders of certain restricted stock awards granted prior to 2013 are entitled to equivalent dividends (“UDs”) to be received upon vesting of the restricted stock awards. The dividends will be settled in common shares based on the market price of our Class A shares as of the close of business on the vesting date. The UDs are subject to the same forfeiture and acceleration conditions as the associated restricted stock awards. At December 31, 2013, the value of the UDs related to unvested restricted stock awards was approximately $120 thousand. This is equivalent to 1,839 Class A shares based on the year end close of business market price of our Class A shares of $65.23 per share. Dividends related to the 2013 restricted stock awards will be settled in cash upon vesting. | |||||||
Compensation costs expensed for the years ended December 31, 2013, 2012 and 2011 were $6.5 million, $6.2 million and $5.4 million, respectively. As of December 31, 2013, there was $10.3 million of total unrecognized compensation cost related to our nonvested awards, which is expected to be recognized over a weighted-average period of 17 months. | |||||||
Rose Rock Midstream L.P. equity-based compensation | |||||||
Certain of our employees who support Rose Rock participate in Rose Rock's equity-based compensation program. Awards under this program generally represent awards of restricted common units representing limited partner interests of Rose Rock, which are typically subject to three year vesting periods. Vesting of these awards dilutes our ownership interest and requires additional equity contributions to Rose Rock to maintain our 2% general partner interest. The activity related to these awards is summarized below: | |||||||
Unvested Units | Average Grant Date Fair Value | ||||||
Outstanding at December 31, 2011 | — | $ | — | ||||
Awards granted - 2012 | 46,069 | $ | 21.97 | ||||
Awards vested - 2012 | — | $ | — | ||||
Awards forfeited - 2012 | (2,109 | ) | $ | 20.6 | |||
Outstanding at December 31, 2012 | 43,960 | $ | 21.91 | ||||
Awards granted - 2013 | 49,104 | $ | 34.41 | ||||
Awards vested - 2013 | (9,333 | ) | $ | 27.25 | |||
Awards forfeited - 2013 | (783 | ) | $ | 34.4 | |||
Outstanding at December 31, 2013 | 82,948 | $ | 28.59 | ||||
The following table summarizes the scheduled vesting of awards that have been granted as of December 31, 2013: | |||||||
Year ended December 31, 2014 | 5,712 | common units | |||||
Year ended December 31, 2015 | 34,627 | common units | |||||
Year ended December 31, 2016 | 42,609 | common units | |||||
Expense of $0.8 million and $0.3 million related to these awards was recorded for the years ended December 31, 2013 and 2012, respectively, and represents an increase in noncontrolling interests in consolidated subsidiaries. As of December 31, 2013, there was $1.5 million of total unrecognized compensation cost related to the nonvested awards, which is expected to be recognized over a weighted-average period of 19 months. | |||||||
The holders of certain of these restricted unit awards granted prior to 2013 are entitled to equivalent distributions (“Unvested Unit Distributions” or “UUD’s”) to be received upon vesting of the restricted unit awards. The distributions will be settled in common units based on the market price of Rose Rock's limited partner common units as of the close of business on the vesting date. The UUD’s are subject to the same forfeiture and acceleration conditions as the associated restricted units. For the year ended December 31, 2013, 406 UUDs were issued upon the vesting of these restricted units. At December 31, 2013, the value of the UUD’s was approximately $101 thousand. This is equivalent to approximately 2,617 common units based on the year end close of business market price of Rose Rock's common units of $38.70 per unit. Holders of restricted units granted in 2013 are entitled to received distributions made during the vesting period in cash upon vesting. | |||||||
Retention Awards | |||||||
During June 2010, we granted retention awards to certain officers and employees, which were scheduled to vest in December 2011, contingent on the continued service of the recipients. Each award had a specified value that was payable either in cash or in shares of SemGroup stock. | |||||||
We recorded $2.4 million of expense during 2011 related to these retention awards. Upon vesting during 2011, we settled awards with a value of $1.2 million by paying cash, and we settled awards with a value of $3.2 million by issuing 125,212 shares of common stock. |
Employee_Benefit_Plans
Employee Benefit Plans | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||
Compensation and Retirement Disclosure [Abstract] | ' | |||||||||||||||||||
Employee Benefit Plans | ' | |||||||||||||||||||
EMPLOYEE BENEFIT PLANS | ||||||||||||||||||||
Defined contribution plans | ||||||||||||||||||||
We sponsor defined contribution retirement plans in which the majority of employees are eligible to participate. Our contributions to the defined contribution plans were $1.1 million, $0.9 million, and $1.1 million for the years ended December 31, 2013, 2012 and 2011, respectively. | ||||||||||||||||||||
Pension plans | ||||||||||||||||||||
We sponsor a defined benefit pension plan and a supplemental defined benefit pension plan (collectively, the “Pension Plans”) for certain employees of the SemCAMS segment hired before June 30, 2001. The following table shows the projected benefit obligations and plan assets of the Pension Plans (in thousands): | ||||||||||||||||||||
December 31, | December 31, | |||||||||||||||||||
2013 | 2012 | |||||||||||||||||||
Change in projected benefit obligation: | ||||||||||||||||||||
Projected benefit obligation at beginning of year | $ | 28,357 | $ | 26,767 | ||||||||||||||||
Service cost | 577 | 596 | ||||||||||||||||||
Interest cost | 1,047 | 1,134 | ||||||||||||||||||
Actuarial (gains) losses | (3,022 | ) | 1,436 | |||||||||||||||||
Benefits paid | (968 | ) | (2,193 | ) | ||||||||||||||||
Currency translation adjustment | (1,955 | ) | 617 | |||||||||||||||||
Projected benefit obligation at end of year | 24,036 | 28,357 | ||||||||||||||||||
Change in fair value of plan assets: | ||||||||||||||||||||
Fair value of plan assets at beginning of year | 22,727 | 21,008 | ||||||||||||||||||
Employer contributions | 1,144 | 1,297 | ||||||||||||||||||
Actual return on plan assets | 4,397 | 2,123 | ||||||||||||||||||
Benefits paid | (968 | ) | (2,193 | ) | ||||||||||||||||
Currency translation adjustment | (1,718 | ) | 492 | |||||||||||||||||
Fair value of plan assets at end of year | 25,582 | 22,727 | ||||||||||||||||||
Funded status: | $ | 1,546 | $ | (5,630 | ) | |||||||||||||||
Accumulated benefit obligation at end of year | $ | 22,687 | $ | 26,725 | ||||||||||||||||
The following table sets forth the assumptions used to determine the projected benefit obligation of the Pension Plans for the periods indicated: | ||||||||||||||||||||
Year Ended December 31, 2013 | Year Ended December 31, 2012 | |||||||||||||||||||
Discount rate | 4.7 | % | 3.9 | % | ||||||||||||||||
Compensation increase rate | 3.5 | % | 3.5 | % | ||||||||||||||||
We recorded other noncurrent assets of $1.5 million at December 31, 2013, and other noncurrent liabilities of $5.6 million at December 31, 2012, to reflect the funded status of the Pension Plans. We recorded changes in the funded status of the Pension Plans to other comprehensive income (loss), net of income taxes. These amounts were a gain of $4.8 million for the year ended December 31, 2013 and losses of $0.4 million and $1.7 million for the years ended December 31, 2012, and 2011, respectively. | ||||||||||||||||||||
The following table summarizes the components of the net periodic benefit cost related to the Pension Plans (in thousands): | ||||||||||||||||||||
Year Ended December 31, 2013 | Year Ended December 31, 2012 | Year Ended December 31, 2011 | ||||||||||||||||||
Service cost | $ | 577 | $ | 596 | $ | 742 | ||||||||||||||
Interest cost | 1,047 | 1,134 | 1,494 | |||||||||||||||||
Expected return on plan assets | (1,298 | ) | (1,263 | ) | (1,585 | ) | ||||||||||||||
Settlement loss | — | (55 | ) | 703 | ||||||||||||||||
Other | 186 | 118 | — | |||||||||||||||||
Net periodic benefit cost | $ | 512 | $ | 530 | $ | 1,354 | ||||||||||||||
The following table sets forth the assumptions used to determine net periodic benefit cost related to the Pension Plans for the periods indicated: | ||||||||||||||||||||
Year Ended December 31, 2013 | Year Ended December 31, 2012 | Year Ended December 31, 2011 | ||||||||||||||||||
Discount rate | 3.9 | % | 4.25 | % | 5.25 | % | ||||||||||||||
Expected long-term rate of return on plan assets | 6 | % | 6 | % | 6.75 | % | ||||||||||||||
Compensation increase rate | 3.5 | % | 3.5 | % | 3.5 | % | ||||||||||||||
The expected return on plan assets is determined annually based upon a review of the historical returns experienced, combined with the general economic industry outlook. | ||||||||||||||||||||
We estimate that benefit payments from the Pension Plans will be as follows for the years 2014 – 2023 (in thousands): | ||||||||||||||||||||
Year | Estimated | |||||||||||||||||||
Benefit Payments | ||||||||||||||||||||
2014 | $ | 1,636 | ||||||||||||||||||
2015 | $ | 1,826 | ||||||||||||||||||
2016 | $ | 1,999 | ||||||||||||||||||
2017 | $ | 2,039 | ||||||||||||||||||
2018 | $ | 1,808 | ||||||||||||||||||
2019 - 2023 | $ | 8,732 | ||||||||||||||||||
We estimate that we will make contributions of $1.0 million to the Pension Plans during the year ended December 31, 2014. | ||||||||||||||||||||
Substantially all of the plan’s assets are invested in pooled funds that hold highly-liquid securities. The value of each share of a pooled fund is calculated based on the quoted market prices of the assets held by the fund. The following table shows the value of each category of plan assets at December 31, 2013 and 2012 and the target investment allocation under our investment policy at December 31, 2013: | ||||||||||||||||||||
Asset Value at | Asset Value at | Actual | Normal | Minimum | Maximum | |||||||||||||||
December 31, | December 31, | Allocation at | Allocation | Allocation | Allocation | |||||||||||||||
2013 | 2012 | December 31, | Per | Per | Per | |||||||||||||||
(in thousands) | (in thousands) | 2013 | Investment | Investment | Investment | |||||||||||||||
Policy | Policy | Policy | ||||||||||||||||||
Cash and cash equivalents | $ | 171 | $ | — | 0.7 | % | — | % | 0 | % | 10 | % | ||||||||
Pooled funds—fixed income | 8,381 | 8,018 | 32.8 | % | 40 | % | 32.5 | % | 47.5 | % | ||||||||||
Pooled funds—Canadian equities | 8,324 | 7,391 | 32.5 | % | 30 | % | 22.5 | % | 37.5 | % | ||||||||||
Pooled funds—non-Canadian equities | 8,706 | 7,318 | 34 | % | 30 | % | 22.5 | % | 37.5 | % | ||||||||||
Total | $ | 25,582 | $ | 22,727 | ||||||||||||||||
Our investment policy for plan assets permits investments in a wide variety of assets, including certain types of derivatives. Our policy prohibits investments of plan assets in certain types of assets, including commodities, mineral rights and collectibles. Our investment policy requires us to maintain an investment allocation within the ranges shown in the table above, and also contains more specific requirements that are designed to achieve an appropriate level of diversification. | ||||||||||||||||||||
The following information discloses the fair values of our Pension Plan assets, by asset category, for the periods indicated (in thousands): | ||||||||||||||||||||
31-Dec-13 | 31-Dec-12 | |||||||||||||||||||
Quoted Price in Active Markets for Identical Assets (Level 1) | Significant Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Quoted Price in Active Markets for Identical Assets (Level 1) | Significant Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | |||||||||||||||
Cash and cash equivalents | $ | 171 | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||
Fixed income mutual funds (a) | — | 8,381 | — | — | 8,018 | — | ||||||||||||||
Equity mutual funds (a) | — | 17,030 | — | — | 14,709 | — | ||||||||||||||
Total | $ | 171 | $ | 25,411 | $ | — | $ | — | $ | 22,727 | $ | — | ||||||||
(a) Mutual funds are valued daily in actively traded markets by an independent custodian for the investment manager. For purposes of calculating the value, portfolio securities and other assets for which market quotes are readily available are valued at market value. Market value is generally determined on a basis of last reported sales prices, or if no sales are reported, based on quotes obtained from a quotation reporting system, established market makers, or pricing services. Investments initially valued in currencies other than the U.S. dollar are converted to the U.S. dollar using exchange rates obtained from pricing services. | ||||||||||||||||||||
Retiree medical plan | ||||||||||||||||||||
We sponsor an unfunded, post-employment health benefit plan (the “Health Plan”) for certain employees of the SemCAMS segment. The projected benefit obligation related to the Health Plan was $1.6 million at December 31, 2013 and $1.8 million at December 31, 2012, and is reported within other noncurrent liabilities on the consolidated balance sheets. | ||||||||||||||||||||
Termination benefits | ||||||||||||||||||||
The laws in Canada, the United Kingdom and Mexico require us to pay certain benefits to employees if their employment is terminated without cause. We recorded $0.4 million of expense during 2011 for termination benefits related to the wind-down of certain operations of SemCanada Crude. |
Accumulated_Other_Comprehensiv
Accumulated Other Comprehensive Income (Loss) | 12 Months Ended | |||||||||||||||
Dec. 31, 2013 | ||||||||||||||||
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | ' | |||||||||||||||
Accumulated Other Comprehensive Income (Loss) | ' | |||||||||||||||
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) | ||||||||||||||||
The following table presents changes in the components of accumulated other comprehensive income (loss) (in thousands): | ||||||||||||||||
Currency | Employee | Interest | Total | |||||||||||||
Translation | Benefit | Rate Swaps | ||||||||||||||
Plans | ||||||||||||||||
Balance, December 31, 2010 | $ | 2,295 | $ | (1,180 | ) | $ | — | $ | 1,115 | |||||||
Currency translation adjustment | (13,075 | ) | — | — | (13,075 | ) | ||||||||||
Changes related to interest rate swaps, net of income tax benefit of $74 | — | — | (284 | ) | (284 | ) | ||||||||||
Changes related to benefit plans, net of income tax benefit of $553 | — | (1,631 | ) | — | (1,631 | ) | ||||||||||
Balance, December 31, 2011 | (10,780 | ) | (2,811 | ) | (284 | ) | (13,875 | ) | ||||||||
Currency translation adjustment, net of income tax expense of $1,168 | 12,635 | — | — | 12,635 | ||||||||||||
Settlement of interest rate swaps | — | — | 284 | 284 | ||||||||||||
Changes related to benefit plans, net of income tax benefit of $117 | — | (343 | ) | — | (343 | ) | ||||||||||
Balance, December 31, 2012 | 1,855 | (3,154 | ) | — | (1,299 | ) | ||||||||||
Currency translation adjustment, net of income tax benefit of $3,993 | (6,363 | ) | — | — | (6,363 | ) | ||||||||||
Changes related to benefit plans, net of income tax expense of $1,603 | — | 4,808 | — | 4,808 | ||||||||||||
Balance, December 31, 2013 | $ | (4,508 | ) | $ | 1,654 | $ | — | $ | (2,854 | ) | ||||||
Supplemental_Cash_Flow_Informa
Supplemental Cash Flow Information | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Supplemental Cash Flow Information [Abstract] | ' | |||||||||||
Supplemental Cash Flow Information | ' | |||||||||||
SUPPLEMENTAL CASH FLOW INFORMATION | ||||||||||||
Operating assets and liabilities | ||||||||||||
The following table summarizes the changes in the components of operating assets and liabilities (in thousands): | ||||||||||||
Year Ended December 31, 2013 | Year Ended December 31, 2012 | Year Ended December 31, 2011 | ||||||||||
Decrease (increase) in restricted cash | $ | 29,467 | $ | 4,907 | $ | 25,827 | ||||||
Decrease (increase) in accounts receivable | 11,172 | (129,102 | ) | 28,568 | ||||||||
Decrease (increase) in receivable from affiliates | (61,095 | ) | 230 | (6,071 | ) | |||||||
Decrease (increase) in inventories | (11,352 | ) | (936 | ) | (8,908 | ) | ||||||
Decrease (increase) in derivatives and margin deposits | 1,012 | (1,245 | ) | 14,287 | ||||||||
Decrease (increase) in other current assets | 9,361 | 4,197 | (7,214 | ) | ||||||||
Decrease (increase) in other assets | 137 | 2,467 | (1,874 | ) | ||||||||
Increase (decrease) in accounts payable and accrued liabilities | 31,030 | 114,776 | (9,446 | ) | ||||||||
Increase (decrease) in payable to affiliates | 62,279 | (6,871 | ) | 6,614 | ||||||||
Increase (decrease) in payables to pre-petition creditors | (29,609 | ) | (5,206 | ) | (34,490 | ) | ||||||
Increase (decrease) in other noncurrent liabilities | (2,541 | ) | 2,500 | 4,115 | ||||||||
$ | 39,861 | $ | (14,283 | ) | $ | 11,408 | ||||||
Non-cash transactions | ||||||||||||
On November 1, 2011, we contributed certain assets and liabilities to NGL Energy in return for cash and ownership interests in NGL Energy and its general partner. The assets and liabilities we contributed are summarized in Note 7. | ||||||||||||
In 2013, we recorded a $180.2 million reduction to noncontrolling interests in consolidated subsidiaries and an offsetting increase to additional paid-in capital of $112.9 million (net of tax impact of $67.3 million). This non-cash entry represents the portion of the proceeds in excess of historical cost which were attributed to Rose Rock's third-party unitholders related to Rose Rock's purchase of a two-thirds interest in SCPL (Note 4). | ||||||||||||
During the year ended December 31, 2013, we issued 425,618 shares of Class A common stock related to the exercise of warrants resulting in the non-cash reclassification of $21.4 million from other noncurrent liabilities to common stock and additional paid-in capital. Cash proceeds of $0.2 million were received in connection with the warrant exercises. | ||||||||||||
Other supplemental disclosures | ||||||||||||
We paid cash for interest totaling $23.9 million, $8.0 million and $32.6 million for the years ended December 31, 2013, 2012 and 2011, respectively. | ||||||||||||
We paid cash for income taxes (net of refunds received) in the amount of $13.9 million, $11.4 million and $10.1 million during the years ended December 31, 2013, 2012 and 2011, respectively. | ||||||||||||
We accrued $10.1 million, $1.6 million and $4.0 million at December 31, 2013, 2012 and 2011, respectively, for purchases of property, plant and equipment. |
Quarterly_Financial_Data
Quarterly Financial Data | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||
Quarterly Financial Data [Abstract] | ' | |||||||||||||||||||
Quarterly Financial Data (Unaudited) | ' | |||||||||||||||||||
QUARTERLY FINANCIAL DATA (UNAUDITED) | ||||||||||||||||||||
Summarized information on our consolidated results of operations for the quarters during the year ended December 31, 2013 is shown below (in thousands, except per share amounts): | ||||||||||||||||||||
First | Second | Third | Fourth | Total | ||||||||||||||||
Quarter | Quarter | Quarter | Quarter | |||||||||||||||||
Total revenues | $ | 287,696 | $ | 324,244 | $ | 357,748 | $ | 457,328 | $ | 1,427,016 | ||||||||||
Loss (gain) on disposal of long-lived assets, net | (162 | ) | (376 | ) | 408 | (109 | ) | (239 | ) | |||||||||||
Other operating costs and expenses | 282,813 | 312,103 | 344,979 | 448,796 | 1,388,691 | |||||||||||||||
Total expenses | 282,651 | 311,727 | 345,387 | 448,687 | 1,388,452 | |||||||||||||||
Earnings from equity method investments | 17,345 | 14,861 | 7,483 | 12,788 | 52,477 | |||||||||||||||
Gain on issuance of common units by equity method investee | — | — | — | 26,873 | 26,873 | |||||||||||||||
Operating income | 22,390 | 27,378 | 19,844 | 48,302 | 117,914 | |||||||||||||||
Other expenses, net | 27,862 | 10,613 | 13,294 | 17,646 | 69,415 | |||||||||||||||
Income (loss) from continuing operations before income taxes | (5,472 | ) | 16,765 | 6,550 | 30,656 | 48,499 | ||||||||||||||
Income tax expense (benefit) | (54,006 | ) | 9,288 | 3,413 | 24,051 | (17,254 | ) | |||||||||||||
Income from continuing operations | 48,534 | 7,477 | 3,137 | 6,605 | 65,753 | |||||||||||||||
Income (loss) from discontinued operations, net of income taxes | 32 | 35 | (2 | ) | (6 | ) | 59 | |||||||||||||
Net income | 48,566 | 7,512 | 3,135 | 6,599 | 65,812 | |||||||||||||||
Less: net income attributable to noncontrolling interests | 5,143 | 3,943 | 5,054 | 3,319 | 17,710 | |||||||||||||||
Net income (loss) attributable to SemGroup | $ | 43,423 | $ | 3,569 | $ | (1,919 | ) | $ | 3,280 | $ | 48,102 | |||||||||
Earnings (loss) per share—basic | $ | 1.03 | $ | 0.08 | $ | (0.05 | ) | $ | 0.08 | $ | 1.14 | |||||||||
Earnings (loss) per share—diluted | $ | 1.03 | $ | 0.08 | $ | (0.05 | ) | $ | 0.08 | $ | 1.13 | |||||||||
Summarized information on our consolidated results of operations for the quarters during the year ended December 31, 2012 is shown below (in thousands, except per share amounts): | ||||||||||||||||||||
First | Second | Third | Fourth | Total | ||||||||||||||||
Quarter | Quarter | Quarter | Quarter | |||||||||||||||||
Total revenues | $ | 312,031 | $ | 331,777 | $ | 277,852 | $ | 315,837 | $ | 1,237,497 | ||||||||||
Loss (gain) on disposal of long-lived assets, net | — | 119 | (3,615 | ) | (35 | ) | (3,531 | ) | ||||||||||||
Other operating costs and expenses | 311,067 | 330,768 | 270,958 | 306,920 | 1,219,713 | |||||||||||||||
Total expenses | 311,067 | 330,887 | 267,343 | 306,885 | 1,216,182 | |||||||||||||||
Earnings from equity method investments | 7,498 | 12,289 | 3,116 | 13,133 | 36,036 | |||||||||||||||
Operating income | 8,462 | 13,179 | 13,625 | 22,085 | 57,351 | |||||||||||||||
Other expenses, net | 7,616 | 5,587 | 11,701 | 5,567 | 30,471 | |||||||||||||||
Income from continuing operations before income taxes | 846 | 7,592 | 1,924 | 16,518 | 26,880 | |||||||||||||||
Income tax expense (benefit) | (1,012 | ) | (92 | ) | 2,092 | (3,066 | ) | (2,078 | ) | |||||||||||
Income (loss) from continuing operations | 1,858 | 7,684 | (168 | ) | 19,584 | 28,958 | ||||||||||||||
Income (loss) from discontinued operations, net of income taxes | 252 | (441 | ) | (264 | ) | 3,392 | 2,939 | |||||||||||||
Net income (loss) | 2,110 | 7,243 | (432 | ) | 22,976 | 31,897 | ||||||||||||||
Less: net income attributable to noncontrolling interests | 3,483 | 2,096 | 2,336 | 1,882 | 9,797 | |||||||||||||||
Net income (loss) attributable to SemGroup | $ | (1,373 | ) | $ | 5,147 | $ | (2,768 | ) | $ | 21,094 | $ | 22,100 | ||||||||
Earnings (loss) per share—basic | $ | (0.03 | ) | $ | 0.12 | $ | (0.07 | ) | $ | 0.5 | $ | 0.53 | ||||||||
Earnings (loss) per share—diluted | $ | (0.03 | ) | $ | 0.12 | $ | (0.07 | ) | $ | 0.5 | $ | 0.52 | ||||||||
In the third quarter of 2012, we classified SemStream Arizona's residential business as discontinued operations. Prior periods were recast to reflect the discontinued operations classification. See Notes 7 and 8 for additional information. |
Related_Party_Transactions
Related Party Transactions | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Related Party Transactions [Abstract] | ' | |||||||||||
Related Party Transactions | ' | |||||||||||
RELATED PARTY TRANSACTIONS | ||||||||||||
NGL Energy | ||||||||||||
As described in Note 5, we own interests in NGL Energy, which we account for under the equity method. | ||||||||||||
During the years ended December 31, 2013, 2012 and 2011 we purchased condensate and propane from and sold natural gas liquids to NGL Energy. During the years ended December 31, 2013, 2012 and 2011 we received payments from NGL Energy for transition services and certain on-going services. The amounts were as follows for the years ended December 31, 2013, 2012 and 2011 (in thousands): | ||||||||||||
Year Ended December 31, 2013 | Year Ended December 31, 2012 | Year Ended December 31, 2011 | ||||||||||
Revenues | $ | 103,203 | $ | 58,643 | $ | 9,708 | ||||||
Purchases | $ | 15,255 | $ | 42,741 | $ | 11,270 | ||||||
Reimbursements from NGL Energy for services | $ | 198 | $ | 575 | $ | 346 | ||||||
High Sierra Crude Oil and Marketing, LLC | ||||||||||||
We generated revenues from High Sierra Crude Oil and Marketing, LLC ("High Sierra"), which is a subsidiary of NGL Energy, of $132.8 million and $42.6 million for the years ended December 31, 2013 and 2012, respectively. Purchases from High Sierra were $102.2 million and $44.4 million for the years ended December 31, 2013 and 2012, respectively. Transactions with High Sierra primarily relate to transportation and marketing of crude oil and condensate. In accordance with ASC 845-10-15, these transactions were reported as revenue on a net basis in our consolidated statements of operations and comprehensive income (loss) as the purchases of inventory and subsequent sales of the inventory were with the same counterparty. | ||||||||||||
White Cliffs | ||||||||||||
We generated approximately $2.9 million, $2.5 million and $2.2 million of revenue from services we provided to White Cliffs during the years ended December 31, 2013, 2012 and 2011, respectively. | ||||||||||||
Glass Mountain | ||||||||||||
As described in Note 5, in April 2012, we formed a joint venture, Glass Mountain, to construct, maintain and operate a 210-mile crude oil pipeline system originating in Alva and Arnett, Oklahoma and terminating at Cushing, Oklahoma. In connection with the pipeline project, Glass Mountain entered into a Pipeline Construction Management Agreement with Glass Mountain Holding, LLC (“GMH”), a wholly-owned subsidiary of SemGroup. The Pipeline Construction Management Agreement appoints GMH as construction manager of the pipeline project for which GMH received $0.9 million prorated over the period of construction. For the years ended December 31, 2013 and 2012, Glass Mountain paid $0.5 million and $0.4 million, respectively, to GMH pursuant to this agreement. | ||||||||||||
Gavilon, LLC | ||||||||||||
In December 2013, our equity method investee, NGL Energy, announced the acquisition of Gavilon, LLC ("Gavilon"). Through the acquisition, NGL Energy acquired the 50% interest in Glass Mountain held by Gavilon. We generated sales to Gavilon of $560.4 million for the year ended December 31, 2013. Purchases from Gavilon were $552.1 million for the year ended December 31, 2013. Transactions with Gavilon primarily relate to leased storage and transportation services of crude oil, including buy/sell transactions. In accordance with ASC 845-10-15, buy/sell transactions were reported as revenue on a net basis in our consolidated statements of operations and comprehensive income (loss) as the purchases of inventory and subsequent sales of the inventory were with the same counterparty. | ||||||||||||
Legal Services | ||||||||||||
The law firm of Conner & Winters, LLP, of which Mark D. Berman is a partner, performs legal services for us. Mr. Berman is the spouse of Candice L. Cheeseman, General Counsel and Secretary. Mr. Berman does not perform any legal services for us. SemGroup paid $1.9 million, $1.7 million and $1.8 million in legal fees and related expenses to this law firm during the years ended December 31, 2013, 2012 and 2011, respectively (of which $0.2 million, $0.1 million and $0.2 million was paid by White Cliffs, respectively). |
Condensed_Consolidating_Guaran
Condensed Consolidating Guarantor Financial Statements | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||
Condensed Consolidating Guarantor Financial Statements [Abstract] | ' | ||||||||||||||||||||
Condensed Financial Information of Parent Company Only Disclosure [Text Block] | ' | ||||||||||||||||||||
On June 14, 2013, we completed an offering of $300 million of 7.50% senior unsecured notes due 2021 (the “Notes”) to certain initial purchasers for resale to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to non-U.S. persons outside the United States pursuant to Regulation S of the Securities Act. The Notes are guaranteed by certain of our subsidiaries as follows: SemGas, L.P., SemCanada, L.P., SemCanada II, L.P., SemMaterials, L.P., SemGroup Europe Holding, L.L.C., SemOperating G.P., L.L.C., SemMexico, L.L.C., SemDevelopment, L.L.C., Rose Rock Midstream Holdings, LLC, Wattenberg Holding, LLC, Glass Mountain Holding, LLC and Mid-America Midstream Gas Services, L.L.C. (collectively, the "Guarantors"). | |||||||||||||||||||||
In accordance with a Registration Rights Agreement, in December 2013 the Company filed a registration statement with the SEC, which was declared effective on January 2, 2014, so that holders of the Notes could exchange the Notes and related guarantees for registered notes (the "Exchange Notes") and guarantees that have substantially identical terms as the Notes and related guarantees. An exchange offer was commenced on January 3, 2014 and expired on February 4, 2014. All of the Notes were exchanged. The guarantees of the Exchange Notes are full and unconditional and constitute the joint and several obligations of the Guarantors. | |||||||||||||||||||||
Each of the Guarantors is 100% owned by SemGroup Corporation (the "Parent"). There are no significant restrictions upon the ability of the Parent or any of the Guarantors to obtain funds from its respective subsidiaries by dividend or loan. None of the assets of the Guarantors represent restricted net assets pursuant to Rule 4-08(e)(3) of Regulation S-X under the Securities Act. | |||||||||||||||||||||
Condensed consolidating financial statements for the Parent, the Guarantors and non-guarantors as of December 31, 2013 and 2012 and for the years ended December 31, 2013, 2012 and 2011 is as follows (in thousands). | |||||||||||||||||||||
Intercompany receivable and payable balances, including notes receivable and payable, are capital transactions primarily to facilitate the capital needs of our subsidiaries. As such, subsidiary intercompany balances have been reported as a reduction to equity on the condensed consolidating Guarantor balance sheets. The Parent's net intercompany balance, including note receivable, and investments in subsidiaries have been reported in equity method investments on the condensed consolidating Guarantor balance sheets. Intercompany transactions, such as daily cash management activities, have been reported as financing activities within the condensed consolidating Guarantor statements of cash flows. Quarterly cash distributions from Rose Rock representing a return on capital have been included in the Parent's cash flows from operations. Dispositions of the Parent's investments in subsidiaries have been treated as investing activities in the cash flow statement, consistent with the presentation of investments in subsidiaries as equity method investments. These balances are eliminated through consolidating adjustments below. | |||||||||||||||||||||
Condensed Consolidating Guarantor Balance Sheets | |||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||
Parent | Guarantors | Non-guarantors | Consolidating Adjustments | Consolidated | |||||||||||||||||
ASSETS | |||||||||||||||||||||
Current assets: | |||||||||||||||||||||
Cash and cash equivalents | $ | 2,545 | $ | — | $ | 78,364 | $ | (1,558 | ) | $ | 79,351 | ||||||||||
Restricted cash | 3,851 | — | 1,268 | — | 5,119 | ||||||||||||||||
Accounts receivable | 649 | 14,642 | 308,674 | — | 323,965 | ||||||||||||||||
Receivable from affiliates | 1,519 | 14,063 | 56,040 | (4,349 | ) | 67,273 | |||||||||||||||
Inventories | — | 1,046 | 43,249 | — | 44,295 | ||||||||||||||||
Other current assets | 8,712 | 193 | 5,106 | — | 14,011 | ||||||||||||||||
Total current assets | 17,276 | 29,944 | 492,701 | (5,907 | ) | 534,014 | |||||||||||||||
Property, plant and equipment | 4,114 | 366,067 | 735,547 | — | 1,105,728 | ||||||||||||||||
Equity method investments | 1,511,922 | 461,056 | 159,321 | (1,567,175 | ) | 565,124 | |||||||||||||||
Goodwill | — | 23,839 | 38,182 | — | 62,021 | ||||||||||||||||
Other intangible assets | 31 | 163,144 | 11,663 | — | 174,838 | ||||||||||||||||
Other noncurrent assets, net | 15,263 | 1,302 | 12,324 | — | 28,889 | ||||||||||||||||
Total assets | $ | 1,548,606 | $ | 1,045,352 | $ | 1,449,738 | $ | (1,573,082 | ) | $ | 2,470,614 | ||||||||||
LIABILITIES AND OWNERS’ EQUITY | |||||||||||||||||||||
Current liabilities: | |||||||||||||||||||||
Accounts payable | $ | 1,172 | $ | 24,234 | $ | 229,061 | $ | — | $ | 254,467 | |||||||||||
Payable to affiliates | 17 | 115 | 67,062 | (4,915 | ) | 62,279 | |||||||||||||||
Accrued liabilities | 10,072 | 17,341 | 56,011 | 5 | 83,429 | ||||||||||||||||
Payables to pre-petition creditors | 3,124 | — | 53 | — | 3,177 | ||||||||||||||||
Deferred revenue | — | — | 25,538 | — | 25,538 | ||||||||||||||||
Other current liabilities | 61,875 | 715 | 7,697 | — | 70,287 | ||||||||||||||||
Current portion of long-term debt | — | — | 37 | — | 37 | ||||||||||||||||
Total current liabilities | 76,260 | 42,405 | 385,459 | (4,910 | ) | 499,214 | |||||||||||||||
Long-term debt | 370,000 | — | 245,088 | — | 615,088 | ||||||||||||||||
Deferred income taxes | 48,436 | — | 52,509 | — | 100,945 | ||||||||||||||||
Other noncurrent liabilities | 8 | — | 41,496 | — | 41,504 | ||||||||||||||||
Commitments and contingencies | |||||||||||||||||||||
Owners’ equity excluding noncontrolling interests in consolidated subsidiaries | 1,053,902 | 1,002,947 | 565,225 | (1,568,172 | ) | 1,053,902 | |||||||||||||||
Noncontrolling interests in consolidated subsidiaries | — | — | 159,961 | — | 159,961 | ||||||||||||||||
Total owners’ equity | 1,053,902 | 1,002,947 | 725,186 | (1,568,172 | ) | 1,213,863 | |||||||||||||||
Total liabilities and owners’ equity | $ | 1,548,606 | $ | 1,045,352 | $ | 1,449,738 | $ | (1,573,082 | ) | $ | 2,470,614 | ||||||||||
31-Dec-12 | |||||||||||||||||||||
Parent | Guarantors | Non-guarantors | Consolidating Adjustments | Consolidated | |||||||||||||||||
ASSETS | |||||||||||||||||||||
Current assets: | |||||||||||||||||||||
Cash and cash equivalents | $ | 19,123 | $ | — | $ | 63,844 | $ | (2,938 | ) | $ | 80,029 | ||||||||||
Restricted cash | 33,324 | — | 1,354 | — | 34,678 | ||||||||||||||||
Accounts receivable | 1,155 | 7,927 | 337,087 | — | 346,169 | ||||||||||||||||
Receivable from affiliates | 827 | 7,222 | 109 | (1,980 | ) | 6,178 | |||||||||||||||
Inventories | — | 181 | 34,252 | — | 34,433 | ||||||||||||||||
Other current assets | 2,528 | 312 | 15,676 | — | 18,516 | ||||||||||||||||
Total current assets | 56,957 | 15,642 | 452,322 | (4,918 | ) | 520,003 | |||||||||||||||
Property, plant and equipment | 5,399 | 122,899 | 686,426 | — | 814,724 | ||||||||||||||||
Equity method investments | 1,104,832 | 468,033 | 138,970 | (1,324,033 | ) | 387,802 | |||||||||||||||
Goodwill | — | — | 9,884 | — | 9,884 | ||||||||||||||||
Other intangible assets | 36 | — | 7,549 | — | 7,585 | ||||||||||||||||
Other noncurrent assets, net | 3,606 | 1,317 | 3,258 | — | 8,181 | ||||||||||||||||
Total assets | $ | 1,170,830 | $ | 607,891 | $ | 1,298,409 | $ | (1,328,951 | ) | $ | 1,748,179 | ||||||||||
LIABILITIES AND OWNERS’ EQUITY | |||||||||||||||||||||
Current liabilities: | |||||||||||||||||||||
Accounts payable | $ | 70 | $ | 12,304 | $ | 241,249 | $ | — | $ | 253,623 | |||||||||||
Accrued liabilities | 8,972 | 4,546 | 50,313 | — | 63,831 | ||||||||||||||||
Payables to pre-petition creditors | 32,876 | — | 57 | — | 32,933 | ||||||||||||||||
Deferred revenue | — | — | 18,973 | — | 18,973 | ||||||||||||||||
Other current liabilities | 134 | 580 | 4,263 | (17 | ) | 4,960 | |||||||||||||||
Current portion of long-term debt | — | — | 24 | — | 24 | ||||||||||||||||
Total current liabilities | 42,052 | 17,430 | 314,879 | (17 | ) | 374,344 | |||||||||||||||
Long-term debt | 201,500 | — | 4,562 | — | 206,062 | ||||||||||||||||
Deferred income taxes | 2,018 | — | 63,602 | — | 65,620 | ||||||||||||||||
Other noncurrent liabilities | 32,866 | — | 47,759 | — | 80,625 | ||||||||||||||||
Commitments and contingencies | |||||||||||||||||||||
Owners’ equity excluding noncontrolling interests in consolidated subsidiaries | 892,394 | 590,461 | 738,473 | (1,328,934 | ) | 892,394 | |||||||||||||||
Noncontrolling interests in consolidated subsidiaries | — | — | 129,134 | — | 129,134 | ||||||||||||||||
Total owners’ equity | 892,394 | 590,461 | 867,607 | (1,328,934 | ) | 1,021,528 | |||||||||||||||
Total liabilities and owners’ equity | $ | 1,170,830 | $ | 607,891 | $ | 1,298,409 | $ | (1,328,951 | ) | $ | 1,748,179 | ||||||||||
Condensed Consolidating Guarantor Statements of Operations | |||||||||||||||||||||
Year Ended December 31, 2013 | |||||||||||||||||||||
Parent | Guarantors | Non-guarantors | Consolidating Adjustments | Consolidated | |||||||||||||||||
Revenues: | |||||||||||||||||||||
Product | $ | — | $ | 224,072 | $ | 944,984 | $ | (23,952 | ) | $ | 1,145,104 | ||||||||||
Service | — | 3,868 | 136,330 | — | 140,198 | ||||||||||||||||
Other | — | — | 141,714 | — | 141,714 | ||||||||||||||||
Total revenues | — | 227,940 | 1,223,028 | (23,952 | ) | 1,427,016 | |||||||||||||||
Expenses: | — | ||||||||||||||||||||
Costs of products sold, exclusive of depreciation and amortization shown below | — | 166,735 | 877,317 | (23,952 | ) | 1,020,100 | |||||||||||||||
Operating | — | 19,541 | 204,044 | — | 223,585 | ||||||||||||||||
General and administrative | 21,560 | 9,437 | 47,600 | — | 78,597 | ||||||||||||||||
Depreciation and amortization | 2,001 | 14,452 | 49,956 | — | 66,409 | ||||||||||||||||
Loss (gain) loss on disposal of long-lived assets, net | — | 668 | (907 | ) | — | (239 | ) | ||||||||||||||
Total expenses | 23,561 | 210,833 | 1,178,010 | (23,952 | ) | 1,388,452 | |||||||||||||||
Earnings from equity method investments | 67,965 | 54,995 | 44,203 | (114,686 | ) | 52,477 | |||||||||||||||
Gain on issuance of common units by equity method investee | 26,873 | — | — | — | 26,873 | ||||||||||||||||
Operating income | 71,277 | 72,102 | 89,221 | (114,686 | ) | 117,914 | |||||||||||||||
Other expenses (income): | — | ||||||||||||||||||||
Interest expense | 4,826 | 9,781 | 15,947 | (5,412 | ) | 25,142 | |||||||||||||||
Foreign currency transaction loss (gain) | — | — | (1,633 | ) | — | (1,633 | ) | ||||||||||||||
Other expense (income), net | 40,928 | — | (434 | ) | 5,412 | 45,906 | |||||||||||||||
Total other expenses, net | 45,754 | 9,781 | 13,880 | — | 69,415 | ||||||||||||||||
Income from continuing operations before income taxes | 25,523 | 62,321 | 75,341 | (114,686 | ) | 48,499 | |||||||||||||||
Income tax expense (benefit) | (22,579 | ) | — | 5,325 | — | (17,254 | ) | ||||||||||||||
Income from continuing operations | 48,102 | 62,321 | 70,016 | (114,686 | ) | 65,753 | |||||||||||||||
Income (loss) from discontinued operations, net of income taxes | — | 65 | (6 | ) | — | 59 | |||||||||||||||
Net income | 48,102 | 62,386 | 70,010 | (114,686 | ) | 65,812 | |||||||||||||||
Less: net income attributable to noncontrolling interests | — | — | 17,710 | — | 17,710 | ||||||||||||||||
Net income attributable to SemGroup | $ | 48,102 | $ | 62,386 | $ | 52,300 | $ | (114,686 | ) | $ | 48,102 | ||||||||||
Net income | $ | 48,102 | $ | 62,386 | $ | 70,010 | $ | (114,686 | ) | $ | 65,812 | ||||||||||
Other comprehensive loss, net of income taxes | (1,517 | ) | — | (38 | ) | — | (1,555 | ) | |||||||||||||
Comprehensive income | 46,585 | 62,386 | 69,972 | (114,686 | ) | 64,257 | |||||||||||||||
Less: comprehensive income attributable to noncontrolling interests | — | — | 17,710 | — | 17,710 | ||||||||||||||||
Comprehensive income attributable to SemGroup | $ | 46,585 | $ | 62,386 | $ | 52,262 | $ | (114,686 | ) | $ | 46,547 | ||||||||||
Year Ended December 31, 2012 | |||||||||||||||||||||
Parent | Guarantors | Non-guarantors | Consolidating Adjustments | Consolidated | |||||||||||||||||
Revenues: | |||||||||||||||||||||
Product | $ | — | $ | 123,424 | $ | 840,892 | $ | (10,578 | ) | $ | 953,738 | ||||||||||
Service | — | 1,198 | 116,523 | — | 117,721 | ||||||||||||||||
Other | — | 387 | 165,651 | — | 166,038 | ||||||||||||||||
Total revenues | — | 125,009 | 1,123,066 | (10,578 | ) | 1,237,497 | |||||||||||||||
Expenses: | |||||||||||||||||||||
Costs of products sold, exclusive of depreciation and amortization shown below | — | 98,224 | 787,239 | (10,578 | ) | 874,885 | |||||||||||||||
Operating | — | 12,719 | 211,981 | — | 224,700 | ||||||||||||||||
General and administrative | 22,105 | 8,360 | 41,453 | — | 71,918 | ||||||||||||||||
Depreciation and amortization | 2,496 | 6,448 | 39,266 | — | 48,210 | ||||||||||||||||
(Gain) loss on disposal of long-lived assets, net | — | 276 | (3,807 | ) | — | (3,531 | ) | ||||||||||||||
Total expenses | 24,601 | 126,027 | 1,076,132 | (10,578 | ) | 1,216,182 | |||||||||||||||
Earnings from equity method investments | 66,671 | 85,330 | 36,439 | (152,404 | ) | 36,036 | |||||||||||||||
Operating income | 42,070 | 84,312 | 83,373 | (152,404 | ) | 57,351 | |||||||||||||||
Other expenses (income): | |||||||||||||||||||||
Interest expense | 3,942 | (240 | ) | 11,056 | (5,856 | ) | 8,902 | ||||||||||||||
Foreign currency transaction loss | — | — | 298 | — | 298 | ||||||||||||||||
Other expense (income), net | 15,698 | (21 | ) | (262 | ) | 5,856 | 21,271 | ||||||||||||||
Total other expenses (income), net | 19,640 | (261 | ) | 11,092 | — | 30,471 | |||||||||||||||
Income from continuing operations before income taxes | 22,430 | 84,573 | 72,281 | (152,404 | ) | 26,880 | |||||||||||||||
Income tax expense (benefit) | 334 | — | (2,412 | ) | — | (2,078 | ) | ||||||||||||||
Income from continuing operations | 22,096 | 84,573 | 74,693 | (152,404 | ) | 28,958 | |||||||||||||||
Income (loss) from discontinued operations, net of income taxes | 4 | (17 | ) | 2,952 | — | 2,939 | |||||||||||||||
Net income | 22,100 | 84,556 | 77,645 | (152,404 | ) | 31,897 | |||||||||||||||
Less: net income attributable to noncontrolling interests | — | — | 9,797 | — | 9,797 | ||||||||||||||||
Net income attributable to SemGroup | $ | 22,100 | $ | 84,556 | $ | 67,848 | $ | (152,404 | ) | $ | 22,100 | ||||||||||
Net income | $ | 22,100 | $ | 84,556 | $ | 77,645 | $ | (152,404 | ) | $ | 31,897 | ||||||||||
Other comprehensive income, net of income taxes | 917 | — | 11,659 | — | 12,576 | ||||||||||||||||
Comprehensive income | 23,017 | 84,556 | 89,304 | (152,404 | ) | 44,473 | |||||||||||||||
Less: comprehensive income attributable to noncontrolling interests | — | — | 9,797 | — | 9,797 | ||||||||||||||||
Comprehensive income attributable to SemGroup | $ | 23,017 | $ | 84,556 | $ | 79,507 | $ | (152,404 | ) | $ | 34,676 | ||||||||||
Year Ended December 31, 2011 | |||||||||||||||||||||
Parent | Guarantors | Non-guarantors | Consolidating Adjustments | Consolidated | |||||||||||||||||
Revenues: | |||||||||||||||||||||
Product | $ | — | $ | 712,724 | $ | 609,870 | $ | (85,281 | ) | $ | 1,237,313 | ||||||||||
Service | — | 2,778 | 120,567 | — | 123,345 | ||||||||||||||||
Other | — | 311 | 104,277 | — | 104,588 | ||||||||||||||||
Total revenues | — | 715,813 | 834,714 | (85,281 | ) | 1,465,246 | |||||||||||||||
Expenses: | |||||||||||||||||||||
Costs of products sold, exclusive of depreciation and amortization shown below | — | 673,927 | 555,793 | (85,281 | ) | 1,144,439 | |||||||||||||||
Operating | — | 14,594 | 140,447 | — | 155,041 | ||||||||||||||||
General and administrative | 15,564 | 13,854 | 46,029 | — | 75,447 | ||||||||||||||||
Depreciation and amortization | 2,930 | 8,892 | 38,001 | — | 49,823 | ||||||||||||||||
(Gain) loss on disposal of long-lived assets, net | 1,605 | (46,139 | ) | 44,835 | — | 301 | |||||||||||||||
Total expenses | 20,099 | 665,128 | 825,105 | (85,281 | ) | 1,425,051 | |||||||||||||||
Earnings (losses) from equity method investments | 32,096 | (20,736 | ) | 15,004 | (11,360 | ) | 15,004 | ||||||||||||||
Operating income | 11,997 | 29,949 | 24,613 | (11,360 | ) | 55,199 | |||||||||||||||
Other expenses (income): | |||||||||||||||||||||
Interest expense | 24,352 | 19,498 | 21,157 | (4,869 | ) | 60,138 | |||||||||||||||
Foreign currency transaction loss (gain) | — | 39 | (3,489 | ) | — | (3,450 | ) | ||||||||||||||
Other (income) expense, net | (12,141 | ) | (2,150 | ) | (2,117 | ) | 4,869 | (11,539 | ) | ||||||||||||
Total other expenses, net | 12,211 | 17,387 | 15,551 | — | 45,149 | ||||||||||||||||
Income (loss) from continuing operations before income taxes | (214 | ) | 12,562 | 9,062 | (11,360 | ) | 10,050 | ||||||||||||||
Income tax (benefit) expense | (2,485 | ) | — | 175 | — | (2,310 | ) | ||||||||||||||
Income from continuing operations | 2,271 | 12,562 | 8,887 | (11,360 | ) | 12,360 | |||||||||||||||
Income (loss) from discontinued operations, net of income taxes | 106 | 28 | (9,682 | ) | — | (9,548 | ) | ||||||||||||||
Net income (loss) | 2,377 | 12,590 | (795 | ) | (11,360 | ) | 2,812 | ||||||||||||||
Less: net income attributable to noncontrolling interests | — | — | 435 | — | 435 | ||||||||||||||||
Net income (loss) attributable to SemGroup | $ | 2,377 | $ | 12,590 | $ | (1,230 | ) | $ | (11,360 | ) | $ | 2,377 | |||||||||
Net income (loss) | $ | 2,377 | $ | 12,590 | $ | (795 | ) | $ | (11,360 | ) | $ | 2,812 | |||||||||
Other comprehensive loss, net of income taxes | (1,853 | ) | — | (13,137 | ) | — | (14,990 | ) | |||||||||||||
Comprehensive income (loss) | 524 | 12,590 | (13,932 | ) | (11,360 | ) | (12,178 | ) | |||||||||||||
Less: comprehensive income attributable to noncontrolling interests | — | — | 435 | — | 435 | ||||||||||||||||
Comprehensive income (loss) attributable to SemGroup | $ | 524 | $ | 12,590 | $ | (14,367 | ) | $ | (11,360 | ) | $ | (12,613 | ) | ||||||||
Condensed Consolidating Guarantor Statements of Cash Flows | |||||||||||||||||||||
Year Ended December 31, 2013 | |||||||||||||||||||||
Parent | Guarantors | Non-guarantors | Consolidating Adjustments | Consolidated | |||||||||||||||||
Net cash provided by (used in) operating activities | $ | 20,130 | $ | 24,642 | $ | 148,872 | $ | (20,235 | ) | $ | 173,409 | ||||||||||
Cash flows from investing activities: | |||||||||||||||||||||
Capital expenditures | (734 | ) | (123,246 | ) | (91,629 | ) | — | (215,609 | ) | ||||||||||||
Proceeds from sale of long-lived assets | 23 | 19 | 1,237 | — | 1,279 | ||||||||||||||||
Investments in non-consolidated subsidiaries | (18,775 | ) | (57,850 | ) | (97,243 | ) | — | (173,868 | ) | ||||||||||||
Payments to acquire businesses | — | (313,487 | ) | (48,969 | ) | — | (362,456 | ) | |||||||||||||
Proceeds from the sale of interest in SemCrude Pipeline, L.L.C. to Rose Rock Midstream, L.P. | 362,600 | — | — | (362,600 | ) | — | |||||||||||||||
Distributions in excess of equity in earnings of affiliates | — | — | 12,246 | — | 12,246 | ||||||||||||||||
Net cash provided by (used in) investing activities | 343,114 | (494,564 | ) | (224,358 | ) | (362,600 | ) | (738,408 | ) | ||||||||||||
Cash flows from financing activities: | |||||||||||||||||||||
Debt issuance costs | (10,866 | ) | — | (4,070 | ) | — | (14,936 | ) | |||||||||||||
Borrowings on debt | 706,000 | — | 562,474 | — | 1,268,474 | ||||||||||||||||
Principal payments on debt and other obligations | (537,500 | ) | — | (321,912 | ) | — | (859,412 | ) | |||||||||||||
Proceeds from issuance of Rose Rock Midstream, L.P. common units, net of offering costs | — | — | 210,226 | — | 210,226 | ||||||||||||||||
Distributions to noncontrolling interests | — | — | (17,647 | ) | — | (17,647 | ) | ||||||||||||||
Proceeds from warrant exercises | 225 | — | — | — | 225 | ||||||||||||||||
Repurchase of common stock | (371 | ) | — | — | — | (371 | ) | ||||||||||||||
Dividends paid | (25,429 | ) | — | — | — | (25,429 | ) | ||||||||||||||
Intercompany borrowings (advances), net | (511,881 | ) | 469,922 | (342,256 | ) | 384,215 | — | ||||||||||||||
Net cash provided by (used in) financing activities | (379,822 | ) | 469,922 | 86,815 | 384,215 | 561,130 | |||||||||||||||
Effect of exchange rate changes on cash and cash equivalents | — | — | 3,191 | — | 3,191 | ||||||||||||||||
Change in cash and cash equivalents | (16,578 | ) | — | 14,520 | 1,380 | (678 | ) | ||||||||||||||
Cash and cash equivalents at beginning of period | 19,123 | — | 63,844 | (2,938 | ) | 80,029 | |||||||||||||||
Cash and cash equivalents at end of period | $ | 2,545 | $ | — | $ | 78,364 | $ | (1,558 | ) | $ | 79,351 | ||||||||||
Year Ended December 31, 2012 | |||||||||||||||||||||
Parent | Guarantors | Non-guarantors | Consolidating Adjustments | Consolidated | |||||||||||||||||
Net cash provided by (used in) operating activities | $ | (4,535 | ) | $ | 6,236 | $ | 93,534 | $ | (15,593 | ) | $ | 79,642 | |||||||||
Cash flows from investing activities: | |||||||||||||||||||||
Capital expenditures | (1,977 | ) | (59,317 | ) | (58,025 | ) | — | (119,319 | ) | ||||||||||||
Proceeds from sale of long-lived assets | 19 | (202 | ) | 2,824 | — | 2,641 | |||||||||||||||
Investments in non-consolidated subsidiaries | (1,740 | ) | (74,434 | ) | (2,079 | ) | — | (78,253 | ) | ||||||||||||
Proceeds from the sale of non-consolidated affiliate | — | — | 3,500 | — | 3,500 | ||||||||||||||||
Proceeds from the sale of SemStream assets | 12,250 | — | — | — | 12,250 | ||||||||||||||||
Distributions in excess of equity in earnings of affiliates | 9,218 | — | 8,072 | — | 17,290 | ||||||||||||||||
Net cash provided by (used in) investing activities | 17,770 | (133,953 | ) | (45,708 | ) | — | (161,891 | ) | |||||||||||||
Cash flows from financing activities: | |||||||||||||||||||||
Debt issuance costs | (455 | ) | — | (252 | ) | — | (707 | ) | |||||||||||||
Borrowings on credit facilities | 318,000 | — | — | — | 318,000 | ||||||||||||||||
Principal payments on credit facilities and other obligations | (194,000 | ) | — | (28,066 | ) | — | (222,066 | ) | |||||||||||||
Distributions to noncontrolling interests | — | — | (8,502 | ) | — | (8,502 | ) | ||||||||||||||
Repurchase of common stock | (242 | ) | — | — | — | (242 | ) | ||||||||||||||
Intercompany borrowings (advances), net | (117,526 | ) | 127,717 | (25,608 | ) | 15,417 | — | ||||||||||||||
Net cash provided by (used in) financing activities | 5,777 | 127,717 | (62,428 | ) | 15,417 | 86,483 | |||||||||||||||
Effect of exchange rate changes on cash and cash equivalents | — | — | (610 | ) | — | (610 | ) | ||||||||||||||
Change in cash and cash equivalents | 19,012 | — | (15,212 | ) | (176 | ) | 3,624 | ||||||||||||||
Change in cash and cash equivalents included in discontinued operations | — | — | 2,792 | — | 2,792 | ||||||||||||||||
Change in cash and cash equivalents from continuing operations | 19,012 | — | (12,420 | ) | (176 | ) | 6,416 | ||||||||||||||
Cash and cash equivalents at beginning of period | 111 | — | 76,264 | (2,762 | ) | 73,613 | |||||||||||||||
Cash and cash equivalents at end of period | $ | 19,123 | $ | — | $ | 63,844 | $ | (2,938 | ) | $ | 80,029 | ||||||||||
Year Ended December 31, 2011 | |||||||||||||||||||||
Parent | Guarantors | Non-guarantors | Consolidating Adjustments | Consolidated | |||||||||||||||||
Net cash provided by operating activities | $ | 6,817 | $ | 44,957 | $ | 17,004 | $ | 5,263 | $ | 74,041 | |||||||||||
Cash flows from investing activities: | |||||||||||||||||||||
Capital expenditures | (2,080 | ) | (16,865 | ) | (47,050 | ) | — | (65,995 | ) | ||||||||||||
Proceeds from sale of long-lived assets | — | 82 | 1,043 | — | 1,125 | ||||||||||||||||
Investments in non-consolidated subsidiaries | (3,218 | ) | (23 | ) | (476 | ) | — | (3,717 | ) | ||||||||||||
Proceeds from the sale of SemStream assets | 93,054 | — | — | — | 93,054 | ||||||||||||||||
Proceeds from sale of limited partner interest in subsidiary, net of offering costs | 127,134 | — | — | (127,134 | ) | — | |||||||||||||||
Distributions in excess of equity in earnings of affiliates | — | — | 12,455 | — | 12,455 | ||||||||||||||||
Net cash provided by (used in) investing activities | 214,890 | (16,806 | ) | (34,028 | ) | (127,134 | ) | 36,922 | |||||||||||||
Cash flows from financing activities: | |||||||||||||||||||||
Debt issuance costs | (10,867 | ) | — | (1,666 | ) | — | (12,533 | ) | |||||||||||||
Borrowings on credit facilities | 255,471 | — | 8,434 | — | 263,905 | ||||||||||||||||
Principal payments on credit facilities and other obligations | (498,515 | ) | (21 | ) | (4,653 | ) | — | (503,189 | ) | ||||||||||||
Proceeds from issuance of Rose Rock Midstream, L.P. common units, net of offering costs | — | — | 127,134 | — | 127,134 | ||||||||||||||||
Intercompany borrowings (advances), net | 25,099 | (28,130 | ) | (116,789 | ) | 119,820 | — | ||||||||||||||
Net cash provided by (used in) financing activities | (228,812 | ) | (28,151 | ) | 12,460 | 119,820 | (124,683 | ) | |||||||||||||
Effect of exchange rate changes on cash and cash equivalents | — | — | (34 | ) | — | (34 | ) | ||||||||||||||
Change in cash and cash equivalents | (7,105 | ) | — | (4,598 | ) | (2,051 | ) | (13,754 | ) | ||||||||||||
Change in cash and cash equivalents included in discontinued operations | — | — | (454 | ) | — | (454 | ) | ||||||||||||||
Change in cash and cash equivalents from continuing operations | (7,105 | ) | — | (5,052 | ) | (2,051 | ) | (14,208 | ) | ||||||||||||
Cash and cash equivalents at beginning of period | 7,216 | — | 81,316 | (711 | ) | 87,821 | |||||||||||||||
Cash and cash equivalents at end of period | $ | 111 | $ | — | $ | 76,264 | $ | (2,762 | ) | $ | 73,613 | ||||||||||
Consolidation_And_Basis_Of_Pre1
Consolidation And Basis Of Presentation Consolidation and Basis of Presentation (Policies) | 12 Months Ended |
Dec. 31, 2013 | |
Consolidation and Basis of Presentation [Abstract] | ' |
Consolidation, Policy [Policy Text Block] | ' |
Consolidated subsidiaries | |
Our consolidated financial statements include the accounts of our controlled subsidiaries, including Rose Rock. All significant transactions between our consolidated subsidiaries have been eliminated. Outside ownership interests in consolidated subsidiaries are reported as noncontrolling interests in the consolidated financial statements. | |
Proportionally consolidated assets | |
Our SemCAMS segment owns undivided interests in certain natural gas gathering and processing assets, for which we record only our proportionate share of the assets on the consolidated balance sheets. The net book value of the property, plant and equipment recorded by us associated with these undivided interests is approximately $206.4 million at December 31, 2013. We serve as operator of these facilities and incur the costs of operating the facilities (recorded as operating expenses in the consolidated statements of operations) and charge the other owners for their proportionate share of the costs (recorded as other revenue in the consolidated statements of operations). |
Summary_of_Significant_Account1
Summary of Significant Accounting Policies (Policies) | 12 Months Ended | |
Dec. 31, 2013 | ||
Accounting Policies [Abstract] | ' | |
Use of Estimates | ' | |
USE OF ESTIMATES—The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts and disclosures in the financial statements. Our significant estimates include, but are not limited to: (1) allowances for doubtful accounts receivable; (2) estimated useful lives of assets, which impact depreciation; (3) estimated fair values of long-lived assets used in impairment tests; (4) fair values of derivative instruments; and (5) accrual and disclosure of contingent losses. Although management believes these estimates are reasonable, actual results could differ materially from these estimates. | ||
Cash And Cash Equivalents | ' | |
CASH AND CASH EQUIVALENTS—Cash includes currency on hand and demand and time deposits with banks or other financial institutions. Cash equivalents include highly liquid investments with maturities of three months or less at the date of purchase. Balances at financial institutions may exceed federally insured limits. | ||
Restricted Cash | ' | |
RESTRICTED CASH—Our Plan of Reorganization specified the total amount of consideration we would provide to all pre-petition creditors in settlement of their claims. At December 31, 2013, we had not yet completed the process of disbursing funds to settle pre-petition claims, as we had not yet completed the process of resolving all of the claims. The restricted cash balance of $5.1 million at December 31, 2013 is primarily restricted for this purpose. | ||
Accounts Receivable | ' | |
ACCOUNTS RECEIVABLE—Accounts receivable are reported net of the allowance for doubtful accounts. Our assessment of the allowance for doubtful accounts is based on several factors, including the overall creditworthiness of our customers, existing economic conditions, and the amount and age of past due accounts. We enter into netting arrangements with certain counterparties to help mitigate credit risk. Receivables subject to netting are presented as gross receivables (with the related accounts payable also presented gross) until such time as the balances are settled. Receivables are considered past due if full payment is not received by the contractual due date. Past due accounts are written off against the allowance for doubtful accounts only after all collection attempts have been exhausted. | ||
Inventories | ' | |
INVENTORIES—Inventories primarily consist of natural gas and natural gas liquids, crude oil, and asphalt. Inventories are valued at the lower of cost or market, with cost generally determined using the weighted-average method. The cost of inventory includes applicable transportation costs. | ||
We enter into exchanges with third parties whereby we acquire products that differ in location, grade, or delivery date from products we have available for sale. These exchanges are valued at cost, and although a transportation, location or product differential may be recorded, generally no gain or loss is recognized. | ||
Property, Plant and Equipment | ' | |
PROPERTY, PLANT AND EQUIPMENT—Property, plant and equipment is recorded at cost. We capitalize costs that extend or increase the future economic benefits of property, plant and equipment, and expense maintenance costs that do not. When assets are disposed of, their cost and related accumulated depreciation are removed from the balance sheet, and any resulting gain or loss is recorded as a gain or loss on disposal or impairment of long-lived assets in the consolidated statements of operations. | ||
Our SemCAMS segment operates plants which periodically undergo planned major maintenance activities, typically occurring every four to five years. Planned major maintenance projects that do not increase the overall life or capacity of the related assets are recorded in operating expense as incurred, whereas major maintenance activity costs that materially increase the life or capacity of the underlying assets are capitalized. When maintenance expenses are recoverable from the producers who use the plants, they are recorded as revenue, and typically include a 10% overhead fee. | ||
Depreciation is calculated primarily on the straight-line method over the following estimated useful lives: | ||
Pipelines and related facilities | 10 – 31 years | |
Storage and terminal facilities | 10 – 25 years | |
Natural gas gathering and processing facilities | 10 – 31 years | |
Office and other property and equipment | 3 – 31 years | |
Construction in process is reclassified to the fixed asset categories above and depreciation commences once the asset has been placed in-service. | ||
Linefill | ' | |
LINEFILL—Pipelines and storage facilities generally require a minimum volume of product in the system to enable the system to operate. Such product, known as linefill, is generally not available to be withdrawn from the system. Linefill owned by us in facilities operated by us is recorded at historical cost, is included in property, plant and equipment in the consolidated balance sheets, and is not depreciated. We also own linefill in third-party facilities, which is included in inventory on the consolidated balance sheets. | ||
Impairment f Long-Lived Assets | ' | |
IMPAIRMENT OF LONG-LIVED ASSETS—We test long-lived asset groups for impairment when events or circumstances indicate that the net book value of the asset group may not be recoverable. We test an asset group for impairment by estimating the undiscounted cash flows expected to result from its use and eventual disposition. If the estimated undiscounted cash flows are lower than the net book value of the asset group, we then estimate the fair value of the asset group and record a reduction to the net book value of the assets and a corresponding impairment loss. | ||
Goodwil | ' | |
GOODWILL—We test goodwill for impairment on an annual basis, or more often if circumstances warrant, by estimating the fair value of the asset group to which the goodwill relates and comparing this fair value to the net book value of the asset group. If fair value is less than net book value, we estimate the implied fair value of goodwill, reduce the book value of the goodwill to the implied fair value, and record a corresponding impairment loss. Our policy is to test goodwill for impairment on October 1 of each year. See Note 7 for discussion of goodwill impairment. | ||
During September 2011, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2011-08, “Testing Goodwill for Impairment”. This ASU is designed to simplify how entities test goodwill for impairment. Under the new standard, an entity may first assess qualitative factors to determine whether it is more likely than not that the fair value of an asset group is less than the carrying amount, for the purpose of determining whether it is necessary to estimate the fair value of the asset group to which the goodwill relates. We adopted this guidance on January 1, 2012. We tested goodwill for impairment on October 1st in accordance with our policy. However, we did not elect to perform the qualitative assessment for impairment testing. | ||
Intangible Assets | ' | |
INTANGIBLE ASSETS—Intangible assets are stated at cost, net of accumulated amortization, which is recorded on a straight-line or accelerated basis over the life of the asset. We review amortizable intangible assets for impairment whenever events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. If such a review should indicate that the carrying amount of amortizable intangible assets is not recoverable, we reduce the carrying amount of such assets to fair value. | ||
Equity Method Investments | ' | |
EQUITY METHOD INVESTMENTS—We account for an investment under the equity method when we have significant influence over, but not control of, the significant operating decisions of the investee. Under the equity method, we record in the consolidated statements of operations our share of the earnings or losses of the investee, with a corresponding adjustment to the investment balance on our consolidated balance sheet. When we receive a distribution from an equity method investee, we record a corresponding reduction to the investment balance. When an equity method investee issues additional ownership interests which dilute our ownership interest, we recognize a gain or loss in our consolidated statements of operations. | ||
For equity method investments for which we do not expect financial information to be consistently available on a timely basis to apply the equity method currently, our policy is to apply the equity method consistently on a one-quarter lag. | ||
Debt Issuance Costs | ' | |
DEBT ISSUANCE COSTS—Costs incurred in connection with the issuance of long-term debt are reported as other noncurrent assets and are amortized to interest expense using the straight-line method over the term of the related debt. Use of the straight-line method of amortization does not differ materially from the “effective interest” method. | ||
Commodity Derivative Instruments | ' | |
COMMODITY DERIVATIVE INSTRUMENTS—We generally record the fair value of commodity derivative instruments on the consolidated balance sheets and the change in fair value as an increase or decrease to product revenue. | ||
As shown in Note 14, the fair value of commodity derivatives at December 31, 2013 and 2012 are recorded to other current assets or other current liabilities on the consolidated balance sheets. Related margin deposits are recorded to other current assets or other current liabilities on the consolidated balance sheets. Margin deposits are not generally netted against derivative assets or liabilities. | ||
The fair value of a derivative contract is determined based on the nature of the transaction and the market in which the transaction was executed. Quoted market prices, when available, are used to value derivative transactions. In situations where quoted market prices are not readily available, we estimate the fair value using other valuation techniques that reflect the best information available under the circumstances. Fair value measurements of derivative assets include consideration of counterparty credit risk. Fair value measurements of derivative liabilities include consideration of our creditworthiness. | ||
We have elected “normal purchase” and “normal sale” treatment for certain commitments to purchase or sell petroleum products at future dates. This election is only available when a transaction that would ordinarily meet the definition of a derivative but instead is expected to result in physical delivery of product over a reasonable period in the normal course of business and is not expected to be net settled. Agreements accounted for under this election are not recorded at fair value; instead, the transaction is recorded when the product is delivered. | ||
On January 31, 2013, the FASB issued ASU 2013-01, "Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities," which clarifies the scope of the offsetting disclosure requirements in ASU 2011-11, "Disclosures About Offsetting Assets and Liabilities." Under ASU 2013-01, the disclosure requirements apply to derivative instruments accounted for in accordance with Accounting Standards Codification ("ASC") 815, "Derivatives and Hedging," including bifurcated embedded derivatives, repurchase agreements and reverse repurchase agreements, and securities borrowing and securities lending arrangements that are either offset on the balance sheet or subject to an enforceable master netting arrangement or similar agreement. ASU 2013-01 is effective for fiscal years beginning on or after January 1, 2013, and interim periods within those years. Retrospective application is required for all comparative periods presented. We adopted this guidance in the first quarter of 2013. The impact of adoption was not material. | ||
Payables to Pre-Petition Creditors | ' | |
PAYABLES TO PRE-PETITION CREDITORS—Our Plan of Reorganization specified the total amount of consideration we would provide to all pre-petition creditors in settlement of their claims. At December 31, 2013, we had not yet completed the process of disbursing funds to settle pre-petition claims, as we had not yet completed the process of resolving all of the claims. We recorded a liability of $3.2 million at December 31, 2013 associated with these obligations and a liability of $0.7 million which is associated with discontinued operations and is reported within other current liabilities. Restricted cash of $5.1 million primarily relates to payables to pre-petition creditors and is held in accounts restricted for this purpose. | ||
Contingent Losses | ' | |
CONTINGENT LOSSES—We record a liability for a contingent loss when it is probable that a loss has been incurred and the amount of the loss can be reasonably estimated. We record attorneys’ fees incurred in connection with a contingent loss at the time the fees are incurred. We do not record liabilities for attorneys’ fees that are expected to be incurred in the future. | ||
Asset Retirement Obligations | ' | |
ASSET RETIREMENT OBLIGATIONS—Asset retirement obligations include legal or contractual obligations associated with the retirement of long-lived assets, such as requirements to incur costs to dispose of equipment or to remediate the environmental impacts of the normal operation of the assets. We record liabilities for asset retirement obligations when a known obligation exists under current law or contract and when a reasonable estimate of the value of the liability can be made. | ||
Discontinued Operations | ' | |
DISCONTINUED OPERATIONS—We classify a component of our business as a discontinued operation when we commit to a plan to sell the component and believe it is probable that a sale will be completed within one year. A component that is disposed of in a manner other than by sale is classified as discontinued when the component is actually disposed. Investments accounted for under the equity method, or the cost method, do not qualify for treatment as discontinued operations. A component that is disposed of may not qualify for treatment as a discontinued operation if we have significant continuing involvement in the operations of the component after the disposal. | ||
Once a component meets the requirements to be classified as a discontinued operation, previous financial statements are retrospectively adjusted to reflect the component as a discontinued operation for all periods presented. Income and losses of discontinued operations (excluding corporate general and administrative expense allocations) are combined into one line on the consolidated statements of operations. The cash flows from discontinued operations are not separately identified in the consolidated statements of cash flows. | ||
Revenue Recognition | ' | |
REVENUE RECOGNITION—Sales of product, as well as gathering and marketing revenues, are recognized at the time title to the product transfers to the purchaser, which typically occurs upon receipt of the product by the purchaser. Terminal and storage revenues are recognized at the time the service is performed. Revenue for the transportation of product is recognized upon delivery of the product to its destination. Certain revenue transactions are reported on a net basis, including derivative instruments considered held for trading purposes and certain buy/sell transactions (see “Purchases and Sales of Inventory with the Same Counterparty”). Other revenue primarily represents operating cost recovery from working interest owners in certain processing plants and is recorded when earned in accordance with the terms of related agreements. Taxes collected from customers and remitted to governmental authorities are recorded on a net basis (excluded from revenue). | ||
Costs of Products Sold | ' | |
COSTS OF PRODUCTS SOLD—Costs of products sold consists of the cost to purchase the product, the cost to transport the product to the point of sale, and the cost to store the product until it is sold. | ||
Purchases and Sales of Inventory With the Same Counterparty | ' | |
PURCHASES AND SALES OF INVENTORY WITH THE SAME COUNTERPARTY—We routinely enter into transactions to purchase inventory from, and sell inventory to, the same counterparty. Such transactions that are entered into in contemplation of one another are recorded on a net basis. | ||
Currency Translation | ' | |
CURRENCY TRANSLATION—The consolidated financial statements are presented in U.S. dollars. Our segments operate in four countries, and each segment has identified a “functional currency,” which is the primary currency in the environment in which the segment operates. The functional currencies include the U.S. dollar, the Canadian dollar, the British pound sterling, and the Mexican peso. | ||
At the end of each reporting period, the assets and liabilities of each segment are translated from its functional currency to U.S. dollars using the exchange rate at the end of the month. The monthly results of operations of each segment are generally translated from its functional currency to U.S. dollars using the average exchange rate during the month. Changes in exchange rates result in currency translation gains and losses, which are recorded within other comprehensive income (loss). | ||
Certain segments also enter into transactions in currencies other than their functional currencies. At the end of each reporting period, each segment re-measures the related receivables, payables, and cash to its functional currency using the exchange rate at the end of the period. Changes in exchange rates between the time the transactions were entered into and the end of the reporting period result in currency transaction gains or losses, which are recorded in the consolidated statements of operations. | ||
Income Taxes | ' | |
INCOME TAXES—Deferred income taxes are accounted for under the liability method, which takes into account the differences between the basis of the assets and liabilities for financial reporting purposes and amounts recognized for income tax purposes. We record valuation allowances on deferred tax assets when, in the opinion of management, it is more likely than not that the asset will not be recovered. | ||
We monitor uncertain tax positions and we recognize tax benefits only when management believes the relevant tax positions would more likely than not be sustained upon examination. We record any interest and any penalties related to income taxes within income tax expense in the consolidated statements of operations. | ||
In July 2013, the FASB issued ASU 2013-11, "Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists," which requires an unrecognized tax benefit to be classified as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward, except in certain circumstances. For public entities, this ASU is effective for fiscal years beginning on or after December 15, 2013, and interim periods within those years. The Company will adopt this guidance in the first quarter of 2014. The impact is not expected to be material. | ||
Reclassifications | ' | |
RECLASSIFICATIONS—Certain reclassifications have been made to conform prior year balances to the current year presentation. | ||
Pension Benefits | ' | |
PENSION BENEFITS—Pension cost and obligations are actuarially determined and are affected by assumptions including expected return on plan assets, discount rates, compensation increases, and employee turnover rates. We evaluate our assumptions periodically and make adjustments to these assumptions and the recorded liability as necessary. Actuarial gains or losses are amortized on a straight-line basis over the expected remaining service life of employees in the pension plan. | ||
Equity-Based Compensation | ' | |
EQUITY-BASED COMPENSATION—We grant certain of our employees equity-based compensation awards which vest contingent on continued service of the recipient and, in some cases, on their achievement of specific performance targets. We record compensation expense for these outstanding awards over applicable service or performance periods based on their grant date fair value with a corresponding increase to additional paid-in capital. The expense to be recorded over the life of the awards is discounted for expected forfeitures during the vesting period. | ||
Noncontrolling interests in consolidated subsidiaries | ' | |
NONCONTROLLING INTERESTS IN CONSOLIDATED SUBSIDIARIES—Noncontrolling interests represents third-party limited partner unitholders' interests in our consolidated subsidiary, Rose Rock. Rose Rock allocates net income to its limited partners based on the distributions pertaining to the current period's available cash as defined by Rose Rock's partnership agreement. After adjusting for the appropriate period's distributions, the remaining undistributed earnings or excess distributions over earnings, if any, are allocated to Rose Rock's general partner, limited partners and participating securities in accordance with the contractual terms of Rose Rock's partnership agreement and as further prescribed under the two-class method. Incentive distribution rights do not participate in undistributed earnings. | ||
Comprehensive Income | ' | |
COMPREHENSIVE INCOME (LOSS) AND ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)—Comprehensive income (loss) is defined as a change in equity of a business enterprise during a period from transactions and other events and circumstances from non-owner sources and includes all changes in equity during a period except those resulting from investments by owners and distributions to owners. Our comprehensive income (loss) consists of currency translation adjustments, changes in the funded status of pension benefit plans and changes in the fair value of interest rate swaps. | ||
On February 5, 2013, the FASB issued ASU 2013-02, "Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income". This ASU adds new disclosure requirements for items reclassified out of AOCI. The ASU is intended to help entities improve the transparency of changes in other comprehensive income ("OCI") and items reclassified out of AOCI in their financial statements. It does not amend any existing requirements for reporting net income or OCI in the financial statements. We adopted this guidance in the first quarter of 2013. The impact of adoption was not material. | ||
On March 4, 2013, the FASB issued ASU 2013-05, "Parent's Accounting for the Cumulative Translation Adjustment Upon Derecognition of Certain Subsidiaries or Groups of Assets Within a Foreign Entity or of an Investment in a Foreign Entity - a consensus of the FASB Emerging Issues Task Force”, which indicates that the entire amount of a cumulative translation adjustment ("CTA") related to an entity's investment in a foreign entity should be released when there has been a: | ||
• | sale of a subsidiary or group of net assets within a foreign entity and the sale represents the substantially complete liquidation of the investment in the foreign entity; | |
• | loss of a controlling financial interest in an investment in a foreign entity (i.e., the foreign entity is deconsolidated); or | |
• | step acquisition for a foreign entity (i.e., when an entity has changed from applying the equity method for an investment in a foreign entity to consolidating the foreign entity). | |
The ASU does not change the requirement to release a pro rata portion of the CTA of the foreign entity into earnings for a partial sale of an equity method investment in a foreign entity. For public entities, this ASU is effective for fiscal years beginning on or after December 15, 2013, and interim periods within those years. The Company will adopt this guidance in the first quarter of 2014. The impact is not expected to be material. |
Summary_of_Significant_Account2
Summary of Significant Accounting Policies (Tables) | 12 Months Ended | |
Dec. 31, 2013 | ||
Accounting Policies [Abstract] | ' | |
Schedule of Estimated Useful Lives of Property, Plant and Equipment | ' | |
Depreciation is calculated primarily on the straight-line method over the following estimated useful lives: | ||
Pipelines and related facilities | 10 – 31 years | |
Storage and terminal facilities | 10 – 25 years | |
Natural gas gathering and processing facilities | 10 – 31 years | |
Office and other property and equipment | 3 – 31 years |
Rose_Rock_Midstream_LP_Tables
Rose Rock Midstream, L.P. (Tables) | 12 Months Ended | |||||||||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||||||||
Investments in and Advances to Affiliates, Schedule of Investments [Abstract] | ' | |||||||||||||||||||||||||||
Quarterly Target Distributions | ' | |||||||||||||||||||||||||||
Rose Rock’s partnership agreement requires Rose Rock to distribute all of its available cash each quarter in the following manner: | ||||||||||||||||||||||||||||
Total Quarterly Distributions | Marginal Percentage | |||||||||||||||||||||||||||
Per Unit Target Amount | Interest in Distributions | |||||||||||||||||||||||||||
Unitholders | General | Incentive | ||||||||||||||||||||||||||
Partner | Distribution | |||||||||||||||||||||||||||
Rights | ||||||||||||||||||||||||||||
Minimum Quarterly Distributions | $ | 0.3625 | 98 | % | 2 | % | — | |||||||||||||||||||||
First Target Distribution | above | $ | 0.3625 | up to | $ | 0.416875 | 98 | % | 2 | % | — | |||||||||||||||||
Second Target Distribution | above | $ | 0.416875 | up to | $ | 0.453125 | 85 | % | 2 | % | 13 | % | ||||||||||||||||
Third Target Distribution | above | $ | 0.453125 | up to | $ | 0.54375 | 75 | % | 2 | % | 23 | % | ||||||||||||||||
Thereafter | above | $ | 0.54375 | 50 | % | 2 | % | 48 | % | |||||||||||||||||||
Distributions Paid | ' | |||||||||||||||||||||||||||
The following table shows the distributions paid (in thousands, except for per unit amounts): | ||||||||||||||||||||||||||||
Record Date | Payment Date | Distribution | Distributions Paid | |||||||||||||||||||||||||
Quarter Ended | Per Unit | SemGroup | Noncontrolling | Total | ||||||||||||||||||||||||
Interest | Distributions | |||||||||||||||||||||||||||
General | Incentive | Common | Subordinated | Common Units | ||||||||||||||||||||||||
Partner | Distributions | Units | Units | |||||||||||||||||||||||||
December 31, 2011 | * | February 3, 2012 | February 13, 2012 | $ | 0.067 | * | $ | 23 | $ | — | $ | 93 | $ | 561 | $ | 470 | $ | 1,147 | ||||||||||
March 31, 2012 | May 7, 2012 | May 15, 2012 | $ | 0.3725 | $ | 128 | $ | — | $ | 517 | $ | 3,125 | $ | 2,607 | $ | 6,377 | ||||||||||||
June 30, 2012 | August 6, 2012 | August 14, 2012 | $ | 0.3825 | $ | 131 | $ | — | $ | 532 | $ | 3,209 | $ | 2,678 | $ | 6,550 | ||||||||||||
September 30, 2012 | November 5, 2012 | November 14, 2012 | $ | 0.3925 | $ | 134 | $ | — | $ | 545 | $ | 3,294 | $ | 2,748 | $ | 6,721 | ||||||||||||
December 31, 2012 | February 4, 2013 | February 14, 2013 | $ | 0.4025 | $ | 167 | $ | — | $ | 1,163 | $ | 3,377 | $ | 3,624 | $ | 8,331 | ||||||||||||
March 31, 2013 | May 6, 2013 | May 15, 2013 | $ | 0.43 | $ | 179 | $ | 41 | $ | 1,242 | $ | 3,607 | $ | 3,872 | $ | 8,941 | ||||||||||||
June 30, 2013 | August 5, 2013 | August 14, 2013 | $ | 0.44 | $ | 183 | $ | 72 | $ | 1,271 | $ | 3,692 | $ | 3,962 | $ | 9,180 | ||||||||||||
September 30, 2013 | November 5, 2013 | November 14, 2013 | $ | 0.45 | $ | 232 | $ | 127 | $ | 1,301 | $ | 3,775 | $ | 6,189 | $ | 11,624 | ||||||||||||
December 31, 2013 | February 4, 2014 | February 14, 2014 | $ | 0.465 | $ | 257 | $ | 244 | $ | 2,041 | $ | 3,901 | $ | 6,398 | $ | 12,841 | ||||||||||||
*Minimum quarterly distribution for quarter ended December 31, 2011 was prorated for the period beginning immediately after the closing of Rose Rock’s IPO, December 14, 2011 through December 31, 2011. | ||||||||||||||||||||||||||||
Summarized Balance Sheet Information | ' | |||||||||||||||||||||||||||
Certain summarized balance sheet information of Rose Rock is shown below (in thousands): | ||||||||||||||||||||||||||||
31-Dec-13 | 31-Dec-12 | |||||||||||||||||||||||||||
Cash | $ | 15,459 | $ | 108 | ||||||||||||||||||||||||
Other current assets | 306,128 | 250,509 | ||||||||||||||||||||||||||
Property, plant and equipment | 311,616 | 291,530 | ||||||||||||||||||||||||||
Equity method investment | 224,095 | — | ||||||||||||||||||||||||||
Goodwill | 28,322 | — | ||||||||||||||||||||||||||
Other noncurrent assets | 11,627 | 2,579 | ||||||||||||||||||||||||||
Total assets | $ | 897,247 | $ | 544,726 | ||||||||||||||||||||||||
Current liabilities | $ | 293,031 | $ | 231,843 | ||||||||||||||||||||||||
Long-term debt | 245,088 | 4,562 | ||||||||||||||||||||||||||
Partners’ capital attributable to SemGroup | 120,610 | 179,187 | ||||||||||||||||||||||||||
Partners’ capital attributable to noncontrolling interests | 159,961 | 129,134 | ||||||||||||||||||||||||||
Noncontrolling interest in consolidated subsidiaries retained by SemGroup | 78,557 | — | ||||||||||||||||||||||||||
Total liabilities and partners’ capital | $ | 897,247 | $ | 544,726 | ||||||||||||||||||||||||
Summarized Income Statement Information | ' | |||||||||||||||||||||||||||
Certain summarized income statement information of Rose Rock for the years ended December 31, 2013, 2012, and 2011 is shown below (in thousands): | ||||||||||||||||||||||||||||
Year Ended December 31, 2013 | Year Ended December 31, 2012 | Year Ended December 31, 2011 | ||||||||||||||||||||||||||
Revenue | $ | 766,526 | $ | 620,417 | $ | 431,321 | ||||||||||||||||||||||
Costs of products sold | $ | 663,759 | $ | 546,966 | $ | 366,265 | ||||||||||||||||||||||
Operating, general and administrative expenses | $ | 51,082 | $ | 35,385 | $ | 28,816 | ||||||||||||||||||||||
Depreciation and amortization expense | $ | 23,165 | $ | 12,131 | $ | 11,379 | ||||||||||||||||||||||
Earnings from equity method investment | $ | 17,571 | $ | — | $ | — | ||||||||||||||||||||||
Net income | $ | 38,005 | $ | 23,954 | $ | 23,235 | ||||||||||||||||||||||
Noncontrolling interest in consolidated subsidiaries retained by SemGroup | $ | 1,256 | $ | — | $ | — | ||||||||||||||||||||||
Net income attributable to Rose Rock Midstream, L.P. | $ | 36,749 | $ | 23,954 | $ | 23,235 | ||||||||||||||||||||||
Recovered_Sheet1
Investments In Non-Consolidated Subsidiaries (Tables) | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Equity Method Investments [Table Text Block] | ' | |||||||||||
Our equity method investments consist of the following (in thousands): | ||||||||||||
December 31, 2013 | December 31, 2012 | |||||||||||
White Cliffs | $ | 224,095 | $ | 138,970 | ||||||||
NGL Energy | 208,848 | 174,398 | ||||||||||
Glass Mountain | 132,181 | 74,434 | ||||||||||
Total equity method investments | $ | 565,124 | $ | 387,802 | ||||||||
Cash distributions received from equity method investments [Table Text Block] | ' | |||||||||||
Cash distributions received from equity method investments consist of the following (in thousands): | ||||||||||||
Year Ended December 31, 2013 | Year Ended December 31, 2012 | Year Ended December 31, 2011 | ||||||||||
White Cliffs | $ | 57,576 | $ | 44,514 | $ | 27,459 | ||||||
NGL Energy | 18,321 | 9,217 | — | |||||||||
Glass Mountain | — | — | — | |||||||||
Total cash distributions received from equity method investments | $ | 75,897 | $ | 53,731 | $ | 27,459 | ||||||
Earnings from Equity Method Investments [Table Text Block] | ' | |||||||||||
Our earnings from equity method investments consist of the following (in thousands): | ||||||||||||
Year Ended December 31, 2013 | Year Ended December 31, 2012 | Year Ended December 31, 2011 | ||||||||||
White Cliffs | $ | 45,459 | $ | 36,439 | $ | 15,004 | ||||||
NGL Energy* | 7,123 | (403 | ) | — | ||||||||
Glass Mountain | (105 | ) | — | — | ||||||||
Total earnings from equity method investments | $ | 52,477 | $ | 36,036 | $ | 15,004 | ||||||
* Excluding gain on issuance of common units of $26.9 million. | ||||||||||||
White Cliffs Pipeline, LLC [Member] | ' | |||||||||||
Schedule of Balance Sheet Information on Equity Method Investments | ' | |||||||||||
Certain summarized balance sheet information of White Cliffs is shown below (in thousands): | ||||||||||||
December 31, | December 31, | |||||||||||
2013 | 2012 | |||||||||||
Current assets | $ | 98,457 | $ | 21,508 | ||||||||
Property, plant and equipment, net | 312,831 | 210,710 | ||||||||||
Goodwill | 17,000 | 17,000 | ||||||||||
Other intangible assets, net | 20,802 | 26,369 | ||||||||||
Total assets | $ | 449,090 | $ | 275,587 | ||||||||
Current liabilities | $ | 9,648 | $ | 3,412 | ||||||||
Members’ equity | 439,442 | 272,175 | ||||||||||
Total liabilities and members’ equity | $ | 449,090 | $ | 275,587 | ||||||||
Schedule of Income Statement Information on Equity Method Investments | ' | |||||||||||
Certain summarized income statement information of White Cliffs for the years ended December 31, 2013, 2012 and 2011 is shown below (in thousands): | ||||||||||||
Year Ended December 31, 2013 | Year Ended December 31, 2012 | Year Ended December 31, 2011 | ||||||||||
Revenue | $ | 133,310 | $ | 108,125 | $ | 66,097 | ||||||
Operating, general and administrative expenses | $ | 23,825 | $ | 14,821 | $ | 12,746 | ||||||
Depreciation and amortization expense | $ | 18,668 | $ | 19,963 | $ | 20,842 | ||||||
Net income | $ | 90,817 | $ | 73,341 | $ | 32,509 | ||||||
Ngl Energy Partners Lp [Member] | ' | |||||||||||
Schedule of Balance Sheet Information on Equity Method Investments | ' | |||||||||||
Certain unaudited summarized balance sheet information of NGL Energy is shown below (in thousands): | ||||||||||||
(unaudited) | (unaudited) | |||||||||||
September 30, | September 30, | |||||||||||
2013 | 2012 | |||||||||||
Current assets | $ | 1,013,859 | $ | 736,297 | ||||||||
Property plant and equipment, net | 631,663 | 425,641 | ||||||||||
Goodwill | 840,287 | 515,881 | ||||||||||
Intangible and other assets, net | 540,684 | 351,600 | ||||||||||
Total assets | $ | 3,026,493 | $ | 2,029,419 | ||||||||
Current liabilities | $ | 800,658 | $ | 653,101 | ||||||||
Long-term debt | 906,066 | 569,903 | ||||||||||
Other noncurrent liabilities | 2,673 | 2,599 | ||||||||||
Partners’ equity | 1,317,096 | 803,816 | ||||||||||
Total liabilities and partners’ equity | $ | 3,026,493 | $ | 2,029,419 | ||||||||
Schedule of Income Statement Information on Equity Method Investments | ' | |||||||||||
Certain unaudited summarized income statement information of NGL Energy for the twelve months ended September 30, 2013 and 2012 is shown below (in thousands): | ||||||||||||
(unaudited) | (unaudited) | |||||||||||
Twelve Months | Twelve Months | |||||||||||
Ended | Ended | |||||||||||
September 30, | September 30, | |||||||||||
2013 | 2012 | |||||||||||
Revenue | $ | 5,935,715 | $ | 2,371,524 | ||||||||
Costs of products sold | $ | 5,478,361 | $ | 2,182,263 | ||||||||
Operating, general and administrative expenses | $ | 276,905 | $ | 125,889 | ||||||||
Depreciation and amortization expense | $ | 94,050 | $ | 34,621 | ||||||||
Net income | $ | 44,378 | $ | 5,405 | ||||||||
Acquisitions_Tables
Acquisitions (Tables) | 12 Months Ended | |||
Dec. 31, 2013 | ||||
Mid-America Midstream Gas Services, LLC [Member] | ' | |||
Business Acquisition [Line Items] | ' | |||
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] | ' | |||
We have preliminarily estimated the fair value of the assets acquired as follows (in thousands): | ||||
Property, plant and equipment | $ | 123,316 | ||
Customer contract intangible | 166,332 | |||
Goodwill | 23,839 | |||
Total assets acquired | $ | 313,487 | ||
Barcas Field Services, LLC [Member] | ' | |||
Business Acquisition [Line Items] | ' | |||
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] | ' | |||
We have received an independent appraisal of the fair value of the assets acquired in the Barcas acquisition and have recorded the following acquisition date fair values for the assets acquired (in thousands): | ||||
Property, plant and equipment | $ | 13,717 | ||
Customer contract intangible | 6,930 | |||
Goodwill | 28,322 | |||
Total assets acquired | $ | 48,969 | ||
Disposals_And_Impairments_of_L1
Disposals And Impairments of Long-Lived Assets (Tables) | 12 Months Ended | |||||
Dec. 31, 2013 | ||||||
Disposals And Impairments Of Long-Lived Assets [Abstract] | ' | |||||
Gains (Losses) Related to Disposal or Impairment of Long-Lived Assets | ' | |||||
Year Ended December 31, 2012 | ||||||
Gains (losses) recorded during the year ended December 31, 2012 related to the disposal or impairment of long-lived assets included the following (in thousands): | ||||||
Event | Segment | Pre-Tax Gain | ||||
White Cliffs settlement (a) | Crude | $ | 3,500 | |||
Sale of SemStream residential division assets and liabilities (b) | SemStream | $ | 3,090 | |||
(a) | We sold a portion of our ownership interest in White Cliffs during September 2010. At the time, we recorded a loss of $6.8 million on disposal of that asset. In September 2012, we reached a settlement in a dispute concerning the selling price of that ownership interest and reduced the loss by $3.5 million. This $3.5 million gain is reported in "gain on disposal or impairment of long-lived assets, net" in the consolidated statements of operations and comprehensive income (loss). | |||||
(b) | On September 12, 2012, we entered into a definitive agreement to sell the assets and liabilities of SemStream’s Arizona residential business which was subject to regulatory approval by the Arizona Corporation Commission (the "ACC"). In early December 2012, the ACC granted SemStream regulatory approval to proceed with the sale. The sale closed on December 31, 2012 and resulted in a gain of $3.1 million on a cash sales price of $12.3 million. The $3.1 million gain is reported in "income from discontinued operations, net of income taxes" in the consolidated statement of operations and comprehensive income (loss). Property, plant, and equipment with a carrying value of $9.4 million represented the majority of assets included in the sale. | |||||
Year Ended December 31, 2011 | ||||||
Gains (losses) recorded during the year ended December 31, 2011 related to the disposal or impairment of long-lived assets included the following (in thousands): | ||||||
Event | Segment | Pre-Tax Gain | ||||
(Loss) | ||||||
Contribution of SemStream assets to NGL Energy (a) | SemStream | $ | 44,266 | |||
SemStream residential division impairment (b) | SemStream | $ | (8,684 | ) | ||
SemLogistics goodwill impairment (c) | SemLogistics | $ | (44,663 | ) | ||
(a) | On November 1, 2011, we contributed certain assets and liabilities of our SemStream segment to NGL Energy. On that date these assets and liabilities had the net book values (in thousands) below. However, these values were subject to post closing adjustments, which have since been completed, and resulted in a $2.1 million working capital adjustment. | |||||
Inventory | $ | 107,858 | ||||
Other current assets | 11,263 | |||||
Property plant and equipment | 47,756 | |||||
Goodwill | 50,071 | |||||
Other intangible assets | 12,408 | |||||
Other noncurrent assets | 2,818 | |||||
Other current liabilities | (2,947 | ) | ||||
Other noncurrent liabilities | (172 | ) | ||||
Net assets contributed | $ | 229,055 | ||||
In return for this contribution, we received $93.0 million of cash and ownership interests in NGL Energy and its general partner with an estimated fair value of $184.0 million. We recorded a gain of $44.3 million on this transaction, which includes the impact of a $2.1 million working capital adjustment and the write-off of $1.6 million of software. Additionally, $2.2 million of capitalized loan fees were written-off as a result of long-term debt payments made from the proceeds of this transaction. | ||||||
(b) | We test all of our goodwill for impairment as of October 1 of each year. Upon completing this impairment test for 2011, we concluded that the goodwill and other intangible assets attributable to the Arizona residential business of our SemStream segment (which was not contributed to NGL Energy) were impaired. To calculate the impairment loss, we estimated the fair value of this reporting unit using the present value of estimated future cash flows, discounted at a rate of 9.4%, and recorded a full impairment of the $3.6 million balance of goodwill and the $5.0 million balance of other intangible assets associated with customer relationships. No impairment was recorded related to the regulated assets of the Arizona residential business in accordance with ASC 980, "Regulated Operations". | |||||
(c) | High crude oil prices and backwardated market conditions in 2011 had a negative effect on SemLogistic’s storage economics. As a result, the demand for storage is depressed and SemLogistics has had difficulty securing contract renewals. SemLogistics successfully passed the initial 2011 goodwill impairment test. However, a review of the sensitivity of the test results indicated that a ten percent reduction in the estimated revenue in 2012 and 2013 would result in a test failure. In addition, we received notice in late January 2012 from two customers that their intentions were not to renew their storage contracts upon expiration. These notifications, coupled with the sensitivity of the test results to loss of revenue, led us to conclude that impairment of the goodwill of SemLogistics was required. Accordingly, we impaired the full amount of goodwill which was $44.7 million at October 1, 2011. |
Discontinued_Operations_Tables
Discontinued Operations (Tables) | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Discontinued Operations and Disposal Groups [Abstract] | ' | |||||||||||
Summarized Information on Results of Discontinued Operations | ' | |||||||||||
Certain summarized information on the results of discontinued operations is shown below (in thousands): | ||||||||||||
Year Ended December 31, 2013 | Year Ended December 31, 2012 | Year Ended December 31, 2011 | ||||||||||
External revenue | $ | — | $ | 13,518 | $ | 14,264 | ||||||
Gain (loss) on disposal of long-lived assets, net | $ | — | $ | 3,090 | $ | (9,196 | ) | |||||
Income (loss) from discontinued operations before income taxes | $ | 59 | $ | 2,935 | $ | (9,652 | ) | |||||
Income tax expense (benefit) | — | (4 | ) | (104 | ) | |||||||
Income (loss) from discontinued operations, net of income taxes | $ | 59 | $ | 2,939 | $ | (9,548 | ) | |||||
Segments_Tables
Segments (Tables) | 12 Months Ended | |||||||||||||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||||||||||||
Segment Reporting [Abstract] | ' | |||||||||||||||||||||||||||||||
Schedule of Segment Reporting Information | ' | |||||||||||||||||||||||||||||||
Year Ended December 31, 2013 | ||||||||||||||||||||||||||||||||
Crude | SemStream | SemCAMS | SemGas | SemLogistics | SemMexico | Corporate | Consolidated | |||||||||||||||||||||||||
and | ||||||||||||||||||||||||||||||||
Other | ||||||||||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||||||||||
Revenues: | ||||||||||||||||||||||||||||||||
External | $ | 767,202 | $ | — | $ | 198,450 | $ | 207,134 | $ | 11,671 | $ | 242,559 | $ | — | $ | 1,427,016 | ||||||||||||||||
Intersegment | — | — | — | 23,985 | — | — | (23,985 | ) | — | |||||||||||||||||||||||
Total revenues | 767,202 | — | 198,450 | 231,119 | 11,671 | 242,559 | (23,985 | ) | 1,427,016 | |||||||||||||||||||||||
Expenses: | ||||||||||||||||||||||||||||||||
Costs of products sold, exclusive of depreciation and amortization shown below | 663,759 | — | 305 | 169,800 | 380 | 209,841 | (23,985 | ) | 1,020,100 | |||||||||||||||||||||||
Operating | 36,242 | 1 | 150,319 | 20,200 | 7,444 | 9,379 | — | 223,585 | ||||||||||||||||||||||||
General and administrative | 16,766 | 600 | 14,940 | 7,971 | 5,854 | 10,700 | 21,766 | 78,597 | ||||||||||||||||||||||||
Depreciation and amortization | 23,708 | — | 10,766 | 14,517 | 9,426 | 5,991 | 2,001 | 66,409 | ||||||||||||||||||||||||
Loss (gain) on disposal or impairment of long-lived assets, net | (56 | ) | 6 | — | 665 | — | (854 | ) | — | (239 | ) | |||||||||||||||||||||
Total expenses | 740,419 | 607 | 176,330 | 213,153 | 23,104 | 235,057 | (218 | ) | 1,388,452 | |||||||||||||||||||||||
Earnings from equity method investments | 45,354 | 7,123 | — | — | — | — | — | 52,477 | ||||||||||||||||||||||||
Gain on issuance of common units by equity method investee | — | 26,873 | — | — | — | — | — | 26,873 | ||||||||||||||||||||||||
Operating income (loss) | 72,137 | 33,389 | 22,120 | 17,966 | (11,433 | ) | 7,502 | (23,767 | ) | 117,914 | ||||||||||||||||||||||
Other expenses (income), net | ||||||||||||||||||||||||||||||||
Interest expense (income) | 14,923 | (4,810 | ) | 18,928 | 3,268 | 1,435 | 188 | (8,790 | ) | 25,142 | ||||||||||||||||||||||
Other expense (income), net | (14 | ) | 128 | (20 | ) | (3 | ) | (400 | ) | (652 | ) | 45,234 | 44,273 | |||||||||||||||||||
Total other expenses (income) | 14,909 | (4,682 | ) | 18,908 | 3,265 | 1,035 | (464 | ) | 36,444 | 69,415 | ||||||||||||||||||||||
Income (loss) from continuing operations before income taxes | $ | 57,228 | $ | 38,071 | $ | 3,212 | $ | 14,701 | $ | (12,468 | ) | $ | 7,966 | $ | (60,211 | ) | $ | 48,499 | ||||||||||||||
Additions to long-lived assets | $ | 66,995 | $ | — | $ | 56,122 | $ | 97,021 | $ | 2,071 | $ | 6,375 | $ | 734 | $ | 229,318 | ||||||||||||||||
Total assets at December 31, 2013 (excluding intersegment receivables) | $ | 1,070,484 | $ | 208,847 | $ | 306,001 | $ | 552,095 | $ | 168,835 | $ | 104,154 | $ | 60,198 | $ | 2,470,614 | ||||||||||||||||
Equity investments at December 31, 2013 | $ | 356,276 | $ | 208,848 | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 565,124 | ||||||||||||||||
Year Ended December 31, 2012 | ||||||||||||||||||||||||||||||||
Crude | SemStream | SemCAMS | SemGas | SemLogistics | SemMexico | Corporate | Consolidated | |||||||||||||||||||||||||
and | ||||||||||||||||||||||||||||||||
Other | ||||||||||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||||||||||
Revenues: | ||||||||||||||||||||||||||||||||
External | $ | 620,797 | $ | 7 | $ | 223,219 | $ | 117,264 | $ | 12,341 | $ | 263,870 | $ | (1 | ) | $ | 1,237,497 | |||||||||||||||
Intersegment | — | — | — | 10,606 | — | — | (10,606 | ) | — | |||||||||||||||||||||||
Total revenues | 620,797 | 7 | 223,219 | 127,870 | 12,341 | 263,870 | (10,607 | ) | 1,237,497 | |||||||||||||||||||||||
Expenses: | ||||||||||||||||||||||||||||||||
Costs of products sold, exclusive of depreciation and amortization shown below | 546,966 | 33 | 768 | 100,677 | 196 | 236,851 | (10,606 | ) | 874,885 | |||||||||||||||||||||||
Operating | 24,143 | (37 | ) | 174,284 | 12,712 | 5,921 | 7,677 | — | 224,700 | |||||||||||||||||||||||
General and administrative | 13,321 | 930 | 14,020 | 6,195 | 5,652 | 9,433 | 22,367 | 71,918 | ||||||||||||||||||||||||
Depreciation and amortization | 12,131 | — | 10,589 | 7,043 | 9,780 | 6,171 | 2,496 | 48,210 | ||||||||||||||||||||||||
Loss (gain) on disposal or impairment of long-lived assets, net | (3,501 | ) | 214 | — | 46 | — | (290 | ) | — | (3,531 | ) | |||||||||||||||||||||
Total expenses | 593,060 | 1,140 | 199,661 | 126,673 | 21,549 | 259,842 | 14,257 | 1,216,182 | ||||||||||||||||||||||||
Earnings from equity method investments | 36,439 | (403 | ) | — | — | — | — | — | 36,036 | |||||||||||||||||||||||
Operating income (loss) | 64,176 | (1,536 | ) | 23,558 | 1,197 | (9,208 | ) | 4,028 | (24,864 | ) | 57,351 | |||||||||||||||||||||
Other expenses (income), net | ||||||||||||||||||||||||||||||||
Interest expense (income) | (409 | ) | (3,449 | ) | 18,727 | 1,461 | 2,486 | 314 | (10,228 | ) | 8,902 | |||||||||||||||||||||
Other expense (income), net | 31 | (21 | ) | 14 | — | (420 | ) | (38 | ) | 22,003 | 21,569 | |||||||||||||||||||||
Total other expenses (income) | (378 | ) | (3,470 | ) | 18,741 | 1,461 | 2,066 | 276 | 11,775 | 30,471 | ||||||||||||||||||||||
Income (loss) from continuing operations before income taxes | $ | 64,554 | $ | 1,934 | $ | 4,817 | $ | (264 | ) | $ | (11,274 | ) | $ | 3,752 | $ | (36,639 | ) | $ | 26,880 | |||||||||||||
Additions to long-lived assets | $ | 41,364 | $ | — | $ | 13,340 | $ | 47,140 | $ | 1,188 | $ | 3,396 | $ | 14,827 | $ | 121,255 | ||||||||||||||||
Total assets at December 31, 2012 (excluding intersegment receivables) | $ | 771,140 | $ | 175,028 | $ | 302,143 | $ | 133,864 | $ | 174,218 | $ | 94,594 | $ | 97,192 | $ | 1,748,179 | ||||||||||||||||
Equity investments at December 31, 2012 | $ | 213,404 | $ | 174,398 | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 387,802 | ||||||||||||||||
Year Ended December 31, 2011 | ||||||||||||||||||||||||||||||||
Crude | SemStream | SemCAMS | SemGas | SemLogistics | SemMexico | Corporate | Consolidated | |||||||||||||||||||||||||
and | ||||||||||||||||||||||||||||||||
Other | ||||||||||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||||||||||
Revenues: | ||||||||||||||||||||||||||||||||
External | $ | 431,321 | $ | 561,596 | $ | 163,367 | $ | 66,660 | $ | 23,314 | $ | 218,187 | $ | 801 | $ | 1,465,246 | ||||||||||||||||
Intersegment | — | 46,738 | — | 38,588 | — | — | (85,326 | ) | — | |||||||||||||||||||||||
Total revenues | 431,321 | 608,334 | 163,367 | 105,248 | 23,314 | 218,187 | (84,525 | ) | 1,465,246 | |||||||||||||||||||||||
Expenses: | ||||||||||||||||||||||||||||||||
Costs of products sold, exclusive of depreciation and amortization shown below | 366,265 | 595,434 | 218 | 75,066 | 152 | 192,068 | (84,764 | ) | 1,144,439 | |||||||||||||||||||||||
Operating | 17,470 | 6,448 | 110,814 | 9,027 | 6,206 | 5,006 | 70 | 155,041 | ||||||||||||||||||||||||
General and administrative | 9,757 | 7,336 | 16,816 | 6,521 | 6,712 | 11,560 | 16,745 | 75,447 | ||||||||||||||||||||||||
Depreciation and amortization | 11,379 | 3,501 | 10,233 | 5,986 | 9,271 | 6,502 | 2,951 | 49,823 | ||||||||||||||||||||||||
Loss (gain) on disposal or impairment of long-lived assets, net | 64 | (45,821 | ) | (8 | ) | 4 | 44,663 | (200 | ) | 1,599 | 301 | |||||||||||||||||||||
Total expenses | 404,935 | 566,898 | 138,073 | 96,604 | 67,004 | 214,936 | (63,399 | ) | 1,425,051 | |||||||||||||||||||||||
Earnings from equity method investments | 15,004 | — | — | — | — | — | — | 15,004 | ||||||||||||||||||||||||
Operating income (loss) | 41,390 | 41,436 | 25,294 | 8,644 | (43,690 | ) | 3,251 | (21,126 | ) | 55,199 | ||||||||||||||||||||||
Other expenses (income): | ||||||||||||||||||||||||||||||||
Interest expense | 3,749 | 17,152 | 24,685 | 2,346 | 1,005 | 365 | 10,836 | 60,138 | ||||||||||||||||||||||||
Other expense (income), net | (1,600 | ) | (2,112 | ) | (2,811 | ) | (10 | ) | 46 | (173 | ) | (8,329 | ) | (14,989 | ) | |||||||||||||||||
Total other expenses | 2,149 | 15,040 | 21,874 | 2,336 | 1,051 | 192 | 2,507 | 45,149 | ||||||||||||||||||||||||
Income (loss) from continuing operations before income taxes | $ | 39,241 | $ | 26,396 | $ | 3,420 | $ | 6,308 | $ | (44,741 | ) | $ | 3,059 | $ | (23,633 | ) | $ | 10,050 | ||||||||||||||
Additions to long-lived assets | $ | 32,397 | $ | 2,197 | $ | 4,874 | $ | 14,952 | $ | 5,313 | $ | 4,667 | $ | 2,080 | $ | 66,480 | ||||||||||||||||
Schedule of Segment Reporting Information by Segment Income Tax Expense (Benefit) | ' | |||||||||||||||||||||||||||||||
Income tax expense (benefit) relates to the following segments (in thousands): | ||||||||||||||||||||||||||||||||
Year Ended December 31, 2013 | Year Ended December 31, 2012 | Year Ended December 31, 2011 | ||||||||||||||||||||||||||||||
SemCAMS | $ | 6,348 | $ | 720 | $ | 552 | ||||||||||||||||||||||||||
SemLogistics | (5,699 | ) | (7,736 | ) | (3,331 | ) | ||||||||||||||||||||||||||
SemMexico | 2,589 | 2,285 | 629 | |||||||||||||||||||||||||||||
Corporate and other | (20,492 | ) | 2,653 | (160 | ) | |||||||||||||||||||||||||||
Total | $ | (17,254 | ) | $ | (2,078 | ) | $ | (2,310 | ) |
Inventories_Tables
Inventories (Tables) | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Inventory Disclosure [Abstract] | ' | |||||||
Components Of Inventories | ' | |||||||
Inventories consist of the following (in thousands): | ||||||||
December 31, | December 31, | |||||||
2013 | 2012 | |||||||
Crude oil | $ | 30,779 | $ | 24,840 | ||||
Asphalt and other | 13,516 | 9,593 | ||||||
Total inventories | $ | 44,295 | $ | 34,433 | ||||
Other_Assets_Tables
Other Assets (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Other Assets [Abstract] | ' | ||||||||
Other current assets | ' | ||||||||
Other current assets consist of the following (in thousands): | |||||||||
December 31, | December 31, | ||||||||
2013 | 2012 | ||||||||
Product prepayments | $ | 779 | $ | 1,550 | |||||
Other prepaid expenses | 4,917 | 13,593 | |||||||
Margin deposits | 838 | 1,850 | |||||||
Deferred tax asset | 7,325 | 875 | |||||||
Other | 152 | 648 | |||||||
Total other current assets | $ | 14,011 | $ | 18,516 | |||||
Other noncurrent assets | ' | ||||||||
Other noncurrent assets consist of the following (in thousands): | |||||||||
December 31, | December 31, | ||||||||
2013 | 2012 | ||||||||
Debt issuance costs, net | $ | 17,149 | * | $ | 4,945 | * | |||
Deferred tax asset | 2,832 | — | |||||||
Other | 8,908 | 3,236 | |||||||
Total other noncurrent assets, net | $ | 28,889 | $ | 8,181 | |||||
* See Note 16 for discussion of debt issuance costs. |
Property_Plant_and_Equipment_T
Property, Plant and Equipment (Tables) | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Property, Plant and Equipment [Abstract] | ' | |||||||
Schedule Of Property, Plant And Equipment | ' | |||||||
Property, plant and equipment consists of the following (in thousands): | ||||||||
December 31, | December 31, | |||||||
2013 | 2012 | |||||||
Land | $ | 72,484 | $ | 53,491 | ||||
Pipelines and related facilities | 312,730 | 206,345 | ||||||
Storage and terminal facilities | 281,819 | 268,738 | ||||||
Natural gas gathering and processing facilities | 347,962 | 280,750 | ||||||
Linefill | 14,701 | 13,158 | ||||||
Office and other property and equipment | 65,679 | 47,679 | ||||||
Construction-in-progress | 199,073 | 75,449 | ||||||
Property, plant and equipment, gross | 1,294,448 | 945,610 | ||||||
Accumulated depreciation | (188,720 | ) | (130,886 | ) | ||||
Property, plant and equipment, net | $ | 1,105,728 | $ | 814,724 | ||||
Goodwill_and_Other_Intangible_1
Goodwill and Other Intangible Assets (Tables) | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Goodwill And Other Intangible Assets [Abstract] | ' | |||||||
Goodwill by Segment | ' | |||||||
Goodwill relates to the following segment (in thousands): | ||||||||
December 31, | December 31, | |||||||
2013 | 2012 | |||||||
Crude | $ | 28,322 | $ | — | ||||
SemGas | 23,839 | — | ||||||
SemMexico | 9,860 | 9,884 | ||||||
Total Goodwill | $ | 62,021 | $ | 9,884 | ||||
Reconciliation of Goodwill | ' | |||||||
Changes in goodwill balances during the period from December 31, 2010 to December 31, 2013 are shown below (in thousands): | ||||||||
Balance, December 31, 2010 | $ | 107,823 | ||||||
Impairments (Note 7) | (47,804 | ) | ||||||
Contribution of SemStream assets to NGL Energy (Note 7) | (50,071 | ) | ||||||
Currency translation adjustments | (495 | ) | ||||||
Balance, December 31, 2011 | 9,453 | |||||||
Currency translation adjustments | 431 | |||||||
Balance, December 31, 2012 | 9,884 | |||||||
Barcas acquisition (Note 6) | 28,322 | |||||||
MMGS acquisition (Note 6) | 23,839 | |||||||
Currency translation adjustments | (24 | ) | ||||||
Balance, December 31, 2013 | $ | 62,021 | ||||||
Other Intangible Assets by Segment | ' | |||||||
Other intangible assets relate to the following segments (in thousands): | ||||||||
December 31, | December 31, | |||||||
2013 | 2012 | |||||||
Crude | $ | 5,775 | $ | — | ||||
SemGas | 163,144 | — | ||||||
SemMexico | 5,888 | 7,549 | ||||||
Corporate and other | 31 | 36 | ||||||
Total other intangible assets | $ | 174,838 | $ | 7,585 | ||||
Reconciliation of Other Intangible Assets | ' | |||||||
Changes in other intangible asset balances are shown below (in thousands): | ||||||||
Balance, December 31, 2010 | $ | 32,264 | ||||||
Amortization | (4,664 | ) | ||||||
Impairment (Note 7) | (5,048 | ) | ||||||
Contribution of SemStream assets to NGL Energy (Note 7) | (12,408 | ) | ||||||
Currency translation adjustments | (1,194 | ) | ||||||
Balance, December 31, 2011 | 8,950 | |||||||
Amortization | (2,017 | ) | ||||||
Currency translation adjustments | 652 | |||||||
Balance, December 31, 2012 | 7,585 | |||||||
Amortization | (6,018 | ) | ||||||
Barcas acquisition (Note 6) | 6,930 | |||||||
MMGS acquisition (Note 6) | 166,332 | |||||||
Currency translation adjustments | 9 | |||||||
Balance, December 31, 2013 | $ | 174,838 | ||||||
Future Amortization of Other Intangible Assets | ' | |||||||
We estimate that future amortization of other intangible assets will be as follows (in thousands): | ||||||||
For year ending: | ||||||||
31-Dec-14 | $ | 13,113 | ||||||
31-Dec-15 | 11,687 | |||||||
31-Dec-16 | 9,164 | |||||||
31-Dec-17 | 8,996 | |||||||
December 31, 2018 | 8,863 | |||||||
Thereafter | 123,015 | |||||||
Total estimated amortization expense | $ | 174,838 | ||||||
Financial_Instruments_and_Conc1
Financial Instruments and Concentrations of Risk (Tables) | 12 Months Ended | |||||||||||||||||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | |||||||||||||||||||||||||||||||||||
Fair Value of Financial Assets and Liabilities | ' | |||||||||||||||||||||||||||||||||||
The tables below summarize the balances of these assets and liabilities at December 31, 2013 and 2012 (in thousands): | ||||||||||||||||||||||||||||||||||||
December 31, 2013 | December 31, 2012 | |||||||||||||||||||||||||||||||||||
Level 1 | Netting* | Total | Level 1 | Netting* | Total | |||||||||||||||||||||||||||||||
Assets: | ||||||||||||||||||||||||||||||||||||
Commodity derivatives | $ | 36 | $ | (36 | ) | $ | — | $ | 22 | $ | (22 | ) | $ | — | ||||||||||||||||||||||
Total assets | $ | 36 | $ | (36 | ) | $ | — | $ | 22 | $ | (22 | ) | $ | — | ||||||||||||||||||||||
Liabilities: | ||||||||||||||||||||||||||||||||||||
Commodity derivatives | $ | 96 | $ | (36 | ) | $ | 60 | $ | 1,056 | $ | (22 | ) | $ | 1,034 | ||||||||||||||||||||||
Warrants | 58,134 | — | 58,134 | 32,858 | — | 32,858 | ||||||||||||||||||||||||||||||
Total liabilities | $ | 58,230 | $ | (36 | ) | $ | 58,194 | $ | 33,914 | $ | (22 | ) | $ | 33,892 | ||||||||||||||||||||||
Net assets (liabilities) at fair value | $ | (58,194 | ) | $ | — | $ | (58,194 | ) | $ | (33,892 | ) | $ | — | $ | (33,892 | ) | ||||||||||||||||||||
* | Relates primarily to exchange traded futures. Gain and loss positions on multiple contracts are settled net on a daily basis with the exchange. | |||||||||||||||||||||||||||||||||||
Schedule of Changes in Fair Value of Financial Assets (Liabilities) Classified as Level 3 | ' | |||||||||||||||||||||||||||||||||||
The following table summarizes changes in the fair value of our net financial assets (liabilities) classified as Level 3 in the fair value hierarchy (in thousands): | ||||||||||||||||||||||||||||||||||||
Year Ended December 31, 2013 | Year Ended December 31, 2012 | Year Ended December 31, 2011 | ||||||||||||||||||||||||||||||||||
Warrants | Commodity | Total | Warrants | Commodity | Total | Warrants | Commodity | Total | ||||||||||||||||||||||||||||
Derivatives | Derivatives | Derivatives | ||||||||||||||||||||||||||||||||||
Net assets (liabilities)—beginning balance | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | (17,192 | ) | $ | (547 | ) | $ | (17,739 | ) | |||||||||||||||
Transfers out of Level 3(*) | — | — | — | — | — | — | 8,934 | (419 | ) | 8,515 | ||||||||||||||||||||||||||
Total realized and unrealized gain (loss) included in earnings(**) | — | — | — | — | — | — | 8,258 | 2,783 | 11,041 | |||||||||||||||||||||||||||
Settlements | — | — | — | — | — | — | — | (1,817 | ) | (1,817 | ) | |||||||||||||||||||||||||
Net assets (liabilities)—ending balance | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||
Amount of total gain or loss included in earnings for the period attributable to the change in unrealized gain or loss relating to assets and liabilities still held at the reporting date | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||
(*) | In these tables, transfers in and transfers out are recognized as of the beginning of the reporting period for commodity derivatives and as of the transfer date for warrants. | |||||||||||||||||||||||||||||||||||
(**) | Gains and losses related to commodity derivatives are reported in product revenue. Gains and losses related to warrants are recorded in other expense (income). | |||||||||||||||||||||||||||||||||||
Schedule of Notional Quantities for Commodity Derivative Instruments | ' | |||||||||||||||||||||||||||||||||||
The following table sets forth the notional quantities for derivative instruments entered into (in thousands of barrels): | ||||||||||||||||||||||||||||||||||||
Year Ended December 31, 2013 | Year Ended December 31, 2012 | |||||||||||||||||||||||||||||||||||
Sales | 2,595 | 1,743 | ||||||||||||||||||||||||||||||||||
Purchases | 2,575 | 1,636 | ||||||||||||||||||||||||||||||||||
Schedule of Not Designated Commodity Derivative Instruments Fair Value on Condensed Consolidated Balance Sheets | ' | |||||||||||||||||||||||||||||||||||
We record the fair value of our commodity derivative instruments on our consolidated balance sheets in other current assets and other current liabilities in the following amounts (in thousands): | ||||||||||||||||||||||||||||||||||||
December 31, 2013 | December 31, 2012 | |||||||||||||||||||||||||||||||||||
Other Current Assets | Other Current Liabilities | Other Current Assets | Other Current Liabilities | |||||||||||||||||||||||||||||||||
$ | — | $ | 60 | $ | — | $ | 1,034 | |||||||||||||||||||||||||||||
Schedule of Realized and Unrealized Gains (Losses) from Commodity Derivatives | ' | |||||||||||||||||||||||||||||||||||
Realized and unrealized gains (losses) from our commodity derivatives were recorded to product revenue in the following amounts (in thousands): | ||||||||||||||||||||||||||||||||||||
Year Ended December 31, 2013 | Year Ended December 31, 2012 | Year Ended December 31, 2011 | ||||||||||||||||||||||||||||||||||
$ | (1,593 | ) | $ | 149 | $ | 2,153 | ||||||||||||||||||||||||||||||
Schedule of Assets and Liabilities Excluding from Affiliate Balance Sheet | ' | |||||||||||||||||||||||||||||||||||
The following table summarizes the assets and liabilities (excluding affiliate balances) at December 31, 2013 of our subsidiaries outside the United States (in thousands): | ||||||||||||||||||||||||||||||||||||
Canada | United | Mexico | Total | |||||||||||||||||||||||||||||||||
Kingdom | ||||||||||||||||||||||||||||||||||||
Cash and cash equivalents | $ | 49,221 | $ | 1,845 | $ | 11,862 | $ | 62,928 | ||||||||||||||||||||||||||||
Other current assets | 59,472 | 2,896 | 45,751 | 108,119 | ||||||||||||||||||||||||||||||||
Noncurrent assets | 212,567 | 164,094 | 46,541 | 423,202 | ||||||||||||||||||||||||||||||||
Total assets | $ | 321,260 | $ | 168,835 | $ | 104,154 | $ | 594,249 | ||||||||||||||||||||||||||||
Current liabilities | $ | 51,124 | $ | 1,788 | $ | 27,450 | $ | 80,362 | ||||||||||||||||||||||||||||
Noncurrent liabilities | 70,392 | 21,826 | 1,865 | 94,083 | ||||||||||||||||||||||||||||||||
Total liabilities | 121,516 | 23,614 | 29,315 | 174,445 | ||||||||||||||||||||||||||||||||
Net assets | $ | 199,744 | $ | 145,221 | $ | 74,839 | $ | 419,804 | ||||||||||||||||||||||||||||
Income_Taxes_Tables
Income Taxes (Tables) | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Income Tax Disclosure [Abstract] | ' | |||||||||||
Consolidated Income (Loss) From Continuing Operations | ' | |||||||||||
Our consolidated income from continuing operations before income taxes was generated in the following jurisdictions (in thousands): | ||||||||||||
Year Ended December 31, 2013 | Year Ended December 31, 2012 | Year Ended December 31, 2011 | ||||||||||
U.S. | $ | 40,002 | $ | 21,498 | $ | 39,936 | ||||||
Foreign | 8,497 | 5,382 | (29,886 | ) | ||||||||
Consolidated | $ | 48,499 | $ | 26,880 | $ | 10,050 | ||||||
Summary of Income Tax Expense (Benefit) | ' | |||||||||||
Year Ended December 31, 2013 | Year Ended December 31, 2012 | Year Ended December 31, 2011 | ||||||||||
U.S. | $ | 40,002 | $ | 21,498 | $ | 39,936 | ||||||
Foreign | 8,497 | 5,382 | (29,886 | ) | ||||||||
Consolidated | $ | 48,499 | $ | 26,880 | $ | 10,050 | ||||||
The following table summarizes income tax benefit from continuing operations by jurisdiction (in thousands): | ||||||||||||
Year Ended December 31, 2013 | Year Ended December 31, 2012 | Year Ended December 31, 2011 | ||||||||||
Current income tax provision: | ||||||||||||
Foreign | $ | 15,546 | $ | 9,662 | $ | 7,427 | ||||||
U.S. federal | 2,067 | — | — | |||||||||
U.S. state | 1,435 | 74 | 4 | |||||||||
19,048 | 9,736 | 7,431 | ||||||||||
Deferred income tax provision (benefit): | ||||||||||||
Foreign | (10,222 | ) | (12,070 | ) | (7,252 | ) | ||||||
U.S. federal | (23,756 | ) | 222 | (2,159 | ) | |||||||
U.S. state | (2,324 | ) | 34 | (330 | ) | |||||||
(36,302 | ) | (11,814 | ) | (9,741 | ) | |||||||
Benefit for income taxes | $ | (17,254 | ) | $ | (2,078 | ) | $ | (2,310 | ) | |||
Reconciliation of Income Tax Provision (Benefit) | ' | |||||||||||
The following table reconciles income tax benefit at the U.S. federal statutory rate to the consolidated benefit for income taxes (in thousands): | ||||||||||||
Year Ended December 31, 2013 | Year Ended December 31, 2012 | Year Ended December 31, 2011 | ||||||||||
Income from continuing operations before income taxes | $ | 48,499 | $ | 26,880 | $ | 10,050 | ||||||
U.S. federal statutory rate | 35 | % | 35 | % | 35 | % | ||||||
Provision at statutory rate | 16,975 | 9,408 | 3,518 | |||||||||
State income taxes—net of federal benefit | (577 | ) | 71 | (221 | ) | |||||||
Effect of rates other than statutory | (1,041 | ) | (829 | ) | (1,360 | ) | ||||||
Effect of U.S. taxation on foreign branches | 2,974 | 1,883 | (10,460 | ) | ||||||||
Foreign tax adjustment, prior years | 4,533 | — | — | |||||||||
Impairment of goodwill | — | — | 15,745 | |||||||||
Warrants | 24,625 | — | — | |||||||||
Noncontrolling interest | (6,096 | ) | (3,429 | ) | — | |||||||
Foreign tax credit and offset to branch deferreds | (2,876 | ) | (12,360 | ) | 9,339 | |||||||
Impact of valuation allowance on deferred tax assets | (53,218 | ) | 6,233 | (16,421 | ) | |||||||
Other, net | (2,553 | ) | (3,055 | ) | (2,450 | ) | ||||||
Benefit for income taxes | $ | (17,254 | ) | $ | (2,078 | ) | $ | (2,310 | ) | |||
Significant Components of Deferred Tax Assets and Liabilities | ' | |||||||||||
Significant components of deferred tax assets and liabilities are as follows at December 31, 2013 and 2012 (in thousands): | ||||||||||||
December 31, | December 31, | |||||||||||
2013 | 2012 | |||||||||||
Deferred tax assets: | ||||||||||||
Net operating loss and other credit carryforwards | $ | 9,498 | $ | 47,910 | ||||||||
Compensation and benefits | 7,991 | 1,573 | ||||||||||
Inventories | 118 | 96 | ||||||||||
Intangible assets | 44,444 | 52,444 | ||||||||||
Pension plan | 2,849 | 3,384 | ||||||||||
Allowance for doubtful accounts | 2,140 | 2,507 | ||||||||||
Deferred revenue | 5,910 | 3,925 | ||||||||||
Foreign tax credit and offset to branch deferreds | 95,435 | 92,559 | ||||||||||
Other | 8,243 | 16,046 | ||||||||||
less: valuation allowance | (95,438 | ) | (155,757 | ) | ||||||||
Net deferred tax assets | 81,190 | 64,687 | ||||||||||
Deferred tax liabilities: | ||||||||||||
Intangible assets | (6,927 | ) | (8,952 | ) | ||||||||
Prepaid expenses | (153 | ) | (150 | ) | ||||||||
Property, plant and equipment | (113,030 | ) | (78,413 | ) | ||||||||
Equity investment in partnerships | (49,720 | ) | (36,749 | ) | ||||||||
Other | (1,471 | ) | (5,876 | ) | ||||||||
Total deferred tax liabilities | (171,301 | ) | (130,140 | ) | ||||||||
Net deferred tax liabilities | $ | (90,111 | ) | $ | (65,453 | ) |
LongTerm_Debt_Tables
Long-Term Debt (Tables) | 12 Months Ended | |||||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||||
Debt Disclosure [Abstract] | ' | |||||||||||||||||||||||
Summary of Long-Term Debt | ' | |||||||||||||||||||||||
Our long-term debt consisted of the following (in thousands): | ||||||||||||||||||||||||
December 31, | December 31, | |||||||||||||||||||||||
2013 | 2012 | |||||||||||||||||||||||
SemGroup 7.50% senior unsecured notes | $ | 300,000 | $ | — | ||||||||||||||||||||
SemGroup corporate revolving credit facility | 70,000 | 201,500 | ||||||||||||||||||||||
Rose Rock credit facility | 245,000 | 4,500 | ||||||||||||||||||||||
SemLogistics credit facility | — | — | ||||||||||||||||||||||
SemMexico credit facility | — | — | ||||||||||||||||||||||
Capital leases | 125 | 86 | ||||||||||||||||||||||
Total long-term debt | 615,125 | 206,086 | ||||||||||||||||||||||
less: current portion of long-term debt | 37 | 24 | ||||||||||||||||||||||
Noncurrent portion of long-term debt | $ | 615,088 | $ | 206,062 | ||||||||||||||||||||
Early Redemption Premium Percentages [Table Text Block] | ' | |||||||||||||||||||||||
Year | Percentage | |||||||||||||||||||||||
2016 | 105.62% | |||||||||||||||||||||||
2017 | 103.75% | |||||||||||||||||||||||
2018 | 101.88% | |||||||||||||||||||||||
2019 and thereafter | 100.00% | |||||||||||||||||||||||
Scheduled Principal Payments of Debt | ' | |||||||||||||||||||||||
The following table summarizes the scheduled principal payments as of December 31, 2013 (in thousands). As described above, our credit agreements require accelerated principal payments under certain circumstances. As a result, principal payments may occur earlier than shown in the table below. | ||||||||||||||||||||||||
7.50% Senior Unsecured Notes | SemGroup | Rose Rock | SemMexico | Capital | Total | |||||||||||||||||||
Facility | Facility | Facility | Leases | |||||||||||||||||||||
For the year ended: | ||||||||||||||||||||||||
31-Dec-14 | $ | — | $ | — | $ | — | $ | — | $ | 37 | $ | 37 | ||||||||||||
31-Dec-15 | — | — | — | — | 39 | 39 | ||||||||||||||||||
31-Dec-16 | — | — | — | — | 21 | 21 | ||||||||||||||||||
31-Dec-17 | — | — | — | — | 15 | 15 | ||||||||||||||||||
31-Dec-18 | — | 70,000 | 245,000 | — | 13 | 315,013 | ||||||||||||||||||
Thereafter | 300,000 | — | — | — | — | 300,000 | ||||||||||||||||||
Total | $ | 300,000 | $ | 70,000 | $ | 245,000 | $ | — | $ | 125 | $ | 615,125 | ||||||||||||
Commitments_and_Contingencies_
Commitments and Contingencies (Tables) | 12 Months Ended | ||||||
Dec. 31, 2013 | |||||||
Commitments and Contingencies Disclosure [Abstract] | ' | ||||||
Summary of Changes in Asset Retirement Obligations | ' | ||||||
The following table summarizes the changes in this liability from December 31, 2010 through December 31, 2013 (in thousands): | |||||||
Balance at December 31, 2010 | $ | 32,884 | |||||
Accretion | 4,114 | ||||||
Payments made | (341 | ) | |||||
Currency translation adjustments | (771 | ) | |||||
Balance at December 31, 2011 | 35,886 | ||||||
Accretion | 4,554 | ||||||
Payments made | (1,169 | ) | |||||
Currency translation adjustments | 834 | ||||||
Balance at December 31, 2012 | 40,105 | ||||||
Accretion | 4,752 | ||||||
Payments made | (808 | ) | |||||
Currency translation adjustments | (2,864 | ) | |||||
Balance at December 31, 2013 | $ | 41,185 | |||||
Schedule of Future Minimum Lease Payments | ' | ||||||
Future minimum payments required under operating leases that have initial or remaining non-cancellable lease terms in excess of one year at December 31, 2013 are as follows (in thousands): | |||||||
For year ending: | |||||||
31-Dec-14 | $ | 8,618 | |||||
31-Dec-15 | 8,890 | ||||||
31-Dec-16 | 8,752 | ||||||
31-Dec-17 | 6,737 | ||||||
31-Dec-18 | 2,785 | ||||||
Thereafter | 6,213 | ||||||
Total future minimum lease payments | $ | 41,995 | |||||
Summary of Purchase and Sale Commitments | ' | ||||||
At December 31, 2013, such commitments included the following (in thousands): | |||||||
Volume | Value | ||||||
(barrels) | |||||||
Fixed price purchases | 337 | $ | 30,767 | ||||
Fixed price sales | 397 | $ | 38,311 | ||||
Floating price purchases | 14,610 | $ | 1,432,982 | ||||
Floating price sales | 15,785 | $ | 1,458,312 | ||||
Equity_Tables
Equity (Tables) | 12 Months Ended | |||
Dec. 31, 2013 | ||||
Stockholders' Equity Note [Abstract] | ' | |||
Schedule of common stock reflected on the consolidated balance sheet | ' | |||
The shares of common stock reflected on the consolidated balance sheet at December 31, 2013 are summarized below: | ||||
Shares issued on Emergence Date | 40,882,496 | |||
Shares subsequently issued in settlement of pre-petition claims | 228,309 | |||
Remaining shares required to be issued in settlement of pre-petition claims | 289,191 | |||
Issuance of shares under employee and director compensation programs (*) | 691,570 | |||
Shares issued upon exercise of warrants (**) | 441,325 | |||
Total shares | 42,532,891 | |||
Par value per share | $ | 0.01 | ||
Common stock on December 31, 2013 balance sheet (in thousands) | $ | 425 | ||
(*) These shares include 107,988 shares which vested during the year ended December 31, 2013. Of these vested shares, recipients sold back to the Company 8,591 shares to satisfy tax withholding obligations which are being recognized at cost as treasury stock on the consolidated balance sheet. | ||||
Schedule of warrants reflected on the consolidated balance sheet | ' | |||
The warrants reflected on the consolidated balance sheet at December 31, 2013 are summarized below: | ||||
Warrants issued on Emergence Date | 1,634,210 | |||
Warrants subsequently issued in settlement of pre-petition claims | 240,310 | |||
Remaining warrants to be issued in settlement of pre-petition claims | 304,427 | |||
Warrants exercised | (818,124 | ) | ||
Total warrants at December 31, 2013 | 1,360,823 | |||
Fair value per warrant at December 31, 2013 | $ | 42.72 | ||
Warrant liability on December 31, 2013 consolidated balance sheet (in thousands) | $ | 58,134 | ||
Earnings_Per_Share_Tables
Earnings Per Share (Tables) | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Earnings Per Share [Abstract] | ' | |||||||||||
Basic earnings per share | ' | |||||||||||
The following summarizes the calculation of basic earnings per share for the years ended December 31, 2013, 2012 and 2011 (in thousands, except per share amounts): | ||||||||||||
Year Ended December 31, 2013 | ||||||||||||
Continuing | Discontinued | Net | ||||||||||
Operations | Operations | |||||||||||
Income | $ | 65,753 | $ | 59 | $ | 65,812 | ||||||
less: Income attributable to noncontrolling interest | 17,710 | — | 17,710 | |||||||||
Numerator | $ | 48,043 | $ | 59 | $ | 48,102 | ||||||
Common stock issued and to be issued pursuant to Plan of Reorganization | 41,400 | 41,400 | 41,400 | |||||||||
Weighted average common stock outstanding issued under compensation plans and warrant exercises | 939 | 939 | 939 | |||||||||
Denominator | 42,339 | 42,339 | 42,339 | |||||||||
Basic earnings per share | $ | 1.13 | $ | 0 | $ | 1.14 | ||||||
Year Ended December 31, 2012 | ||||||||||||
Continuing | Discontinued | Net | ||||||||||
Operations | Operations | |||||||||||
Income | $ | 28,958 | $ | 2,939 | $ | 31,897 | ||||||
less: Income attributable to noncontrolling interest | 9,797 | — | 9,797 | |||||||||
Numerator | $ | 19,161 | $ | 2,939 | $ | 22,100 | ||||||
Common stock issued and to be issued pursuant to Plan of Reorganization | 41,400 | 41,400 | 41,400 | |||||||||
Weighted average common stock outstanding issued under compensation plans and warrant exercises | 539 | 539 | 539 | |||||||||
Denominator | 41,939 | 41,939 | 41,939 | |||||||||
Basic earnings per share | $ | 0.46 | $ | 0.07 | $ | 0.53 | ||||||
Year Ended December 31, 2011 | ||||||||||||
Continuing | Discontinued | Net | ||||||||||
Operations | Operations | |||||||||||
Income (loss) | $ | 12,360 | $ | (9,548 | ) | $ | 2,812 | |||||
less: Income attributable to noncontrolling interest | 435 | — | 435 | |||||||||
Numerator | $ | 11,925 | $ | (9,548 | ) | $ | 2,377 | |||||
Common stock issued and to be issued pursuant to Plan of Reorganization | 41,400 | 41,400 | 41,400 | |||||||||
Weighted average common stock outstanding issued under compensation plans | 240 | 240 | 240 | |||||||||
Denominator | 41,640 | 41,640 | 41,640 | |||||||||
Basic earnings (loss) per share | $ | 0.29 | $ | (0.23 | ) | $ | 0.06 | |||||
Diluted earnings per share | ' | |||||||||||
The following summarizes the calculation of diluted earnings per share for the years ended December 31, 2013, 2012 and 2011 (in thousands, except per share amounts): | ||||||||||||
Year Ended December 31, 2013 | ||||||||||||
Continuing | Discontinued | Net | ||||||||||
Operations | Operations | |||||||||||
Income | $ | 65,753 | $ | 59 | $ | 65,812 | ||||||
less: Income attributable to noncontrolling interest | 17,710 | — | 17,710 | |||||||||
Numerator | $ | 48,043 | $ | 59 | $ | 48,102 | ||||||
Common stock issued and to be issued pursuant to Plan of Reorganization | 41,400 | 41,400 | 41,400 | |||||||||
Weighted average common stock outstanding issued under compensation plans and warrant exercise | 939 | 939 | 939 | |||||||||
Effect of dilutive securities | 307 | 307 | 307 | |||||||||
Denominator | 42,646 | 42,646 | 42,646 | |||||||||
Diluted earnings per share | $ | 1.13 | $ | 0 | $ | 1.13 | ||||||
Year Ended December 31, 2012 | ||||||||||||
Continuing | Discontinued | Net | ||||||||||
Operations | Operations | |||||||||||
Income | $ | 28,958 | $ | 2,939 | $ | 31,897 | ||||||
less: Income attributable to noncontrolling interest | 9,797 | — | 9,797 | |||||||||
Numerator | $ | 19,161 | $ | 2,939 | $ | 22,100 | ||||||
Common stock issued and to be issued pursuant to Plan of Reorganization | 41,400 | 41,400 | 41,400 | |||||||||
Weighted average common stock outstanding issued under compensation plans and warrant exercises | 539 | 539 | 539 | |||||||||
Effect of dilutive securities | 315 | 315 | 315 | |||||||||
Denominator | 42,254 | 42,254 | 42,254 | |||||||||
Diluted earnings per share | $ | 0.45 | $ | 0.07 | $ | 0.52 | ||||||
Year Ended December 31, 2011 | ||||||||||||
Continuing | Discontinued | Net | ||||||||||
Operations | Operations | |||||||||||
Income (loss) | $ | 12,360 | $ | (9,548 | ) | $ | 2,812 | |||||
less: Income attributable to noncontrolling interest | 435 | — | 435 | |||||||||
less: Income resulting from change in fair value of warrants | 5,012 | — | 5,012 | |||||||||
Numerator | $ | 6,913 | $ | (9,548 | ) | $ | (2,635 | ) | ||||
Common stock issued and to be issued pursuant to Plan of Reorganization | 41,400 | 41,400 | 41,400 | |||||||||
Weighted average common stock outstanding issued under compensation plans | 240 | 240 | 240 | |||||||||
Denominator | 41,640 | 41,640 | 41,640 | |||||||||
Diluted earnings (loss) per share | $ | 0.17 | $ | (0.23 | ) | $ | (0.06 | ) | ||||
EquityBased_Compensation_Table
Equity-Based Compensation (Tables) | 12 Months Ended | ||||||
Dec. 31, 2013 | |||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ||||||
Schedule of unvested share activity | ' | ||||||
The activity related to these awards is summarized below: | |||||||
Unvested | Average | ||||||
Shares | Grant Date | ||||||
Fair Value(*) | |||||||
Outstanding at December 31, 2010 | 502,902 | $ | 25 | ||||
Awards granted - 2011 (**) | 173,982 | $ | 28.9 | ||||
Awards vested - 2011 | (201,361 | ) | $ | 25 | |||
Awards forfeited - 2011 | (65,017 | ) | $ | 25.36 | |||
Outstanding at December 31, 2011 | 410,506 | $ | 26.59 | ||||
Awards granted - 2012 (**) | 246,432 | $ | 27.81 | ||||
Awards vested - 2012 | (162,986 | ) | $ | 25.2 | |||
Award forfeited - 2012 | (43,400 | ) | $ | 27.74 | |||
Outstanding at December 31, 2012 | 450,552 | $ | 26.87 | ||||
Awards granted - 2013 (**) | 201,451 | $ | 52.78 | ||||
Awards vested - 2013 | (107,988 | ) | $ | 25.71 | |||
Award forfeited - 2013 | (13,412 | ) | $ | 32.36 | |||
Outstanding at December 31, 2013 | 530,603 | $ | 36.8 | ||||
(*) | The grant date fair value of awards issued prior to our listing on the New York Stock Exchange was estimated at $25 per share, which was the per share reorganization value of the Company. Subsequent to our listing, the grant date fair value is determined based on the closing price on the New York Stock Exchange on the date of issue. | ||||||
(**) | For certain of the awards granted in 2013, 2012 and 2011, the number of shares that will vest is contingent upon our achievement of certain specified targets. Awards with performance conditions are valued based on the grant date closing price on the New York Stock Exchange assuming that 100% of the awards will vest. Awards with market conditions are valued using Monte Carlo simulations. Market awards issued in 2013 were valued using blended volatility of 28.9%, comprised of 50% historical volatility and 50% implied volatility and a risk-free rate based on the three-year United States Treasury spot rate on the grant date. If we meet the specified maximum targets, approximately 74 thousand, 41 thousand and 26 thousand additional shares could vest related to the 2013, 2012 and 2011 awards, respectively. | ||||||
Summary of scheduled vesting of awards Granted | ' | ||||||
The following table, which includes potential shares from specified targets, assuming maximum achievement (as discussed above), summarizes the scheduled vesting of awards that have been granted as of December 31, 2013: | |||||||
Year ended December 31, 2014 | 165,980 | shares | |||||
Year ended December 31, 2015 | 244,912 | shares | |||||
Year ended December 31, 2016 | 260,898 | shares | |||||
Rose Rock equity incentive plan [Member] | ' | ||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ||||||
Schedule of unvested share activity | ' | ||||||
Unvested Units | Average Grant Date Fair Value | ||||||
Outstanding at December 31, 2011 | — | $ | — | ||||
Awards granted - 2012 | 46,069 | $ | 21.97 | ||||
Awards vested - 2012 | — | $ | — | ||||
Awards forfeited - 2012 | (2,109 | ) | $ | 20.6 | |||
Outstanding at December 31, 2012 | 43,960 | $ | 21.91 | ||||
Awards granted - 2013 | 49,104 | $ | 34.41 | ||||
Awards vested - 2013 | (9,333 | ) | $ | 27.25 | |||
Awards forfeited - 2013 | (783 | ) | $ | 34.4 | |||
Outstanding at December 31, 2013 | 82,948 | $ | 28.59 | ||||
Summary of scheduled vesting of awards Granted | ' | ||||||
he following table summarizes the scheduled vesting of awards that have been granted as of December 31, 2013: | |||||||
Year ended December 31, 2014 | 5,712 | common units | |||||
Year ended December 31, 2015 | 34,627 | common units | |||||
Year ended December 31, 2016 | 42,609 | common units | |||||
Expense of $0.8 million and $0.3 million related to these awards was recorded for the years ended December 31, 2013 and 2012, respectively, and represents an increase in noncontrolling interests in consolidated subsidiaries. As of December 31, 2013, there was $1.5 million of total unrecognized compensation cost related to the nonvested awards, which is expected to be recognized over a weighted-average period of 19 months. | |||||||
The holders of certain of these restricted unit awards granted prior to 2013 are entitled to equivalent distributions (“Unvested Unit Distributions” or “UUD’s”) to be received upon vesting of the restricted unit awards. The distributions will be settled in common units based on the market price of Rose Rock's limited partner common units as of the close of business on the vesting date. The UUD’s are subject to the same forfeiture and acceleration conditions as the associated restricted units. For the year ended December 31, 2013, 406 UUDs were issued upon the vesting of these restricted units. At December 31, 2013, the value of the UUD’s was approximately $101 thousand. This is equivalent to approximately 2,617 common units based on the year end close of business market price of Rose Rock's common units of $38.70 per unit. Holders of restricted units granted in 2013 are entitled to received distributions made during the vesting period in cash upon vesting. |
Employee_Benefit_Plans_Tables
Employee Benefit Plans (Tables) | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||
Weighted Average Discount Rate [Line Items] | ' | |||||||||||||||||||
Projected benefit obligations and plan assets of the pension plans | ' | |||||||||||||||||||
The following table shows the projected benefit obligations and plan assets of the Pension Plans (in thousands): | ||||||||||||||||||||
December 31, | December 31, | |||||||||||||||||||
2013 | 2012 | |||||||||||||||||||
Change in projected benefit obligation: | ||||||||||||||||||||
Projected benefit obligation at beginning of year | $ | 28,357 | $ | 26,767 | ||||||||||||||||
Service cost | 577 | 596 | ||||||||||||||||||
Interest cost | 1,047 | 1,134 | ||||||||||||||||||
Actuarial (gains) losses | (3,022 | ) | 1,436 | |||||||||||||||||
Benefits paid | (968 | ) | (2,193 | ) | ||||||||||||||||
Currency translation adjustment | (1,955 | ) | 617 | |||||||||||||||||
Projected benefit obligation at end of year | 24,036 | 28,357 | ||||||||||||||||||
Change in fair value of plan assets: | ||||||||||||||||||||
Fair value of plan assets at beginning of year | 22,727 | 21,008 | ||||||||||||||||||
Employer contributions | 1,144 | 1,297 | ||||||||||||||||||
Actual return on plan assets | 4,397 | 2,123 | ||||||||||||||||||
Benefits paid | (968 | ) | (2,193 | ) | ||||||||||||||||
Currency translation adjustment | (1,718 | ) | 492 | |||||||||||||||||
Fair value of plan assets at end of year | 25,582 | 22,727 | ||||||||||||||||||
Funded status: | $ | 1,546 | $ | (5,630 | ) | |||||||||||||||
Accumulated benefit obligation at end of year | $ | 22,687 | $ | 26,725 | ||||||||||||||||
Components of the net periodic benefit cost related to the pension plans | ' | |||||||||||||||||||
The following table summarizes the components of the net periodic benefit cost related to the Pension Plans (in thousands): | ||||||||||||||||||||
Year Ended December 31, 2013 | Year Ended December 31, 2012 | Year Ended December 31, 2011 | ||||||||||||||||||
Service cost | $ | 577 | $ | 596 | $ | 742 | ||||||||||||||
Interest cost | 1,047 | 1,134 | 1,494 | |||||||||||||||||
Expected return on plan assets | (1,298 | ) | (1,263 | ) | (1,585 | ) | ||||||||||||||
Settlement loss | — | (55 | ) | 703 | ||||||||||||||||
Other | 186 | 118 | — | |||||||||||||||||
Net periodic benefit cost | $ | 512 | $ | 530 | $ | 1,354 | ||||||||||||||
Estimate of benefit payments from the pension plans | ' | |||||||||||||||||||
We estimate that benefit payments from the Pension Plans will be as follows for the years 2014 – 2023 (in thousands): | ||||||||||||||||||||
Year | Estimated | |||||||||||||||||||
Benefit Payments | ||||||||||||||||||||
2014 | $ | 1,636 | ||||||||||||||||||
2015 | $ | 1,826 | ||||||||||||||||||
2016 | $ | 1,999 | ||||||||||||||||||
2017 | $ | 2,039 | ||||||||||||||||||
2018 | $ | 1,808 | ||||||||||||||||||
2019 - 2023 | $ | 8,732 | ||||||||||||||||||
Target allocation of plan assets | ' | |||||||||||||||||||
The following table shows the value of each category of plan assets at December 31, 2013 and 2012 and the target investment allocation under our investment policy at December 31, 2013: | ||||||||||||||||||||
Asset Value at | Asset Value at | Actual | Normal | Minimum | Maximum | |||||||||||||||
December 31, | December 31, | Allocation at | Allocation | Allocation | Allocation | |||||||||||||||
2013 | 2012 | December 31, | Per | Per | Per | |||||||||||||||
(in thousands) | (in thousands) | 2013 | Investment | Investment | Investment | |||||||||||||||
Policy | Policy | Policy | ||||||||||||||||||
Cash and cash equivalents | $ | 171 | $ | — | 0.7 | % | — | % | 0 | % | 10 | % | ||||||||
Pooled funds—fixed income | 8,381 | 8,018 | 32.8 | % | 40 | % | 32.5 | % | 47.5 | % | ||||||||||
Pooled funds—Canadian equities | 8,324 | 7,391 | 32.5 | % | 30 | % | 22.5 | % | 37.5 | % | ||||||||||
Pooled funds—non-Canadian equities | 8,706 | 7,318 | 34 | % | 30 | % | 22.5 | % | 37.5 | % | ||||||||||
Total | $ | 25,582 | $ | 22,727 | ||||||||||||||||
Fair value of pension plan assets | ' | |||||||||||||||||||
he following information discloses the fair values of our Pension Plan assets, by asset category, for the periods indicated (in thousands): | ||||||||||||||||||||
31-Dec-13 | 31-Dec-12 | |||||||||||||||||||
Quoted Price in Active Markets for Identical Assets (Level 1) | Significant Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Quoted Price in Active Markets for Identical Assets (Level 1) | Significant Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | |||||||||||||||
Cash and cash equivalents | $ | 171 | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||
Fixed income mutual funds (a) | — | 8,381 | — | — | 8,018 | — | ||||||||||||||
Equity mutual funds (a) | — | 17,030 | — | — | 14,709 | — | ||||||||||||||
Total | $ | 171 | $ | 25,411 | $ | — | $ | — | $ | 22,727 | $ | — | ||||||||
(a) Mutual funds are valued daily in actively traded markets by an independent custodian for the investment manager. For purposes of calculating the value, portfolio securities and other assets for which market quotes are readily available are valued at market value. Market value is generally determined on a basis of last reported sales prices, or if no sales are reported, based on quotes obtained from a quotation reporting system, established market makers, or pricing services. Investments initially valued in currencies other than the U.S. dollar are converted to the U.S. dollar using exchange rates obtained from pricing services. | ||||||||||||||||||||
Projected benefit obligation assumptions [Member] | ' | |||||||||||||||||||
Weighted Average Discount Rate [Line Items] | ' | |||||||||||||||||||
Schedule of Assumptions Used [Table Text Block] | ' | |||||||||||||||||||
The following table sets forth the assumptions used to determine the projected benefit obligation of the Pension Plans for the periods indicated: | ||||||||||||||||||||
Year Ended December 31, 2013 | Year Ended December 31, 2012 | |||||||||||||||||||
Discount rate | 4.7 | % | 3.9 | % | ||||||||||||||||
Compensation increase rate | 3.5 | % | 3.5 | % | ||||||||||||||||
Net periodic benefit cost assumptions [Member] | ' | |||||||||||||||||||
Weighted Average Discount Rate [Line Items] | ' | |||||||||||||||||||
Schedule of Assumptions Used [Table Text Block] | ' | |||||||||||||||||||
The following table sets forth the assumptions used to determine net periodic benefit cost related to the Pension Plans for the periods indicated: | ||||||||||||||||||||
Year Ended December 31, 2013 | Year Ended December 31, 2012 | Year Ended December 31, 2011 | ||||||||||||||||||
Discount rate | 3.9 | % | 4.25 | % | 5.25 | % | ||||||||||||||
Expected long-term rate of return on plan assets | 6 | % | 6 | % | 6.75 | % | ||||||||||||||
Compensation increase rate | 3.5 | % | 3.5 | % | 3.5 | % |
Accumulated_Other_Comprehensiv1
Accumulated Other Comprehensive Income (Loss) (Tables) | 12 Months Ended | |||||||||||||||
Dec. 31, 2013 | ||||||||||||||||
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | ' | |||||||||||||||
Components of accumulated other comprehensive income (loss) | ' | |||||||||||||||
The following table presents changes in the components of accumulated other comprehensive income (loss) (in thousands): | ||||||||||||||||
Currency | Employee | Interest | Total | |||||||||||||
Translation | Benefit | Rate Swaps | ||||||||||||||
Plans | ||||||||||||||||
Balance, December 31, 2010 | $ | 2,295 | $ | (1,180 | ) | $ | — | $ | 1,115 | |||||||
Currency translation adjustment | (13,075 | ) | — | — | (13,075 | ) | ||||||||||
Changes related to interest rate swaps, net of income tax benefit of $74 | — | — | (284 | ) | (284 | ) | ||||||||||
Changes related to benefit plans, net of income tax benefit of $553 | — | (1,631 | ) | — | (1,631 | ) | ||||||||||
Balance, December 31, 2011 | (10,780 | ) | (2,811 | ) | (284 | ) | (13,875 | ) | ||||||||
Currency translation adjustment, net of income tax expense of $1,168 | 12,635 | — | — | 12,635 | ||||||||||||
Settlement of interest rate swaps | — | — | 284 | 284 | ||||||||||||
Changes related to benefit plans, net of income tax benefit of $117 | — | (343 | ) | — | (343 | ) | ||||||||||
Balance, December 31, 2012 | 1,855 | (3,154 | ) | — | (1,299 | ) | ||||||||||
Currency translation adjustment, net of income tax benefit of $3,993 | (6,363 | ) | — | — | (6,363 | ) | ||||||||||
Changes related to benefit plans, net of income tax expense of $1,603 | — | 4,808 | — | 4,808 | ||||||||||||
Balance, December 31, 2013 | $ | (4,508 | ) | $ | 1,654 | $ | — | $ | (2,854 | ) | ||||||
Supplemental_Cash_Flow_Informa1
Supplemental Cash Flow Information (Tables) | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Supplemental Cash Flow Information [Abstract] | ' | |||||||||||
Schedule of Changes in Operating Assets and Liabilities | ' | |||||||||||
The following table summarizes the changes in the components of operating assets and liabilities (in thousands): | ||||||||||||
Year Ended December 31, 2013 | Year Ended December 31, 2012 | Year Ended December 31, 2011 | ||||||||||
Decrease (increase) in restricted cash | $ | 29,467 | $ | 4,907 | $ | 25,827 | ||||||
Decrease (increase) in accounts receivable | 11,172 | (129,102 | ) | 28,568 | ||||||||
Decrease (increase) in receivable from affiliates | (61,095 | ) | 230 | (6,071 | ) | |||||||
Decrease (increase) in inventories | (11,352 | ) | (936 | ) | (8,908 | ) | ||||||
Decrease (increase) in derivatives and margin deposits | 1,012 | (1,245 | ) | 14,287 | ||||||||
Decrease (increase) in other current assets | 9,361 | 4,197 | (7,214 | ) | ||||||||
Decrease (increase) in other assets | 137 | 2,467 | (1,874 | ) | ||||||||
Increase (decrease) in accounts payable and accrued liabilities | 31,030 | 114,776 | (9,446 | ) | ||||||||
Increase (decrease) in payable to affiliates | 62,279 | (6,871 | ) | 6,614 | ||||||||
Increase (decrease) in payables to pre-petition creditors | (29,609 | ) | (5,206 | ) | (34,490 | ) | ||||||
Increase (decrease) in other noncurrent liabilities | (2,541 | ) | 2,500 | 4,115 | ||||||||
$ | 39,861 | $ | (14,283 | ) | $ | 11,408 | ||||||
Quarterly_Financial_Data_Table
Quarterly Financial Data (Tables) | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||
Quarterly Financial Data [Abstract] | ' | |||||||||||||||||||
Summarized Information on the Consolidated Results of Operations | ' | |||||||||||||||||||
Summarized information on our consolidated results of operations for the quarters during the year ended December 31, 2013 is shown below (in thousands, except per share amounts): | ||||||||||||||||||||
First | Second | Third | Fourth | Total | ||||||||||||||||
Quarter | Quarter | Quarter | Quarter | |||||||||||||||||
Total revenues | $ | 287,696 | $ | 324,244 | $ | 357,748 | $ | 457,328 | $ | 1,427,016 | ||||||||||
Loss (gain) on disposal of long-lived assets, net | (162 | ) | (376 | ) | 408 | (109 | ) | (239 | ) | |||||||||||
Other operating costs and expenses | 282,813 | 312,103 | 344,979 | 448,796 | 1,388,691 | |||||||||||||||
Total expenses | 282,651 | 311,727 | 345,387 | 448,687 | 1,388,452 | |||||||||||||||
Earnings from equity method investments | 17,345 | 14,861 | 7,483 | 12,788 | 52,477 | |||||||||||||||
Gain on issuance of common units by equity method investee | — | — | — | 26,873 | 26,873 | |||||||||||||||
Operating income | 22,390 | 27,378 | 19,844 | 48,302 | 117,914 | |||||||||||||||
Other expenses, net | 27,862 | 10,613 | 13,294 | 17,646 | 69,415 | |||||||||||||||
Income (loss) from continuing operations before income taxes | (5,472 | ) | 16,765 | 6,550 | 30,656 | 48,499 | ||||||||||||||
Income tax expense (benefit) | (54,006 | ) | 9,288 | 3,413 | 24,051 | (17,254 | ) | |||||||||||||
Income from continuing operations | 48,534 | 7,477 | 3,137 | 6,605 | 65,753 | |||||||||||||||
Income (loss) from discontinued operations, net of income taxes | 32 | 35 | (2 | ) | (6 | ) | 59 | |||||||||||||
Net income | 48,566 | 7,512 | 3,135 | 6,599 | 65,812 | |||||||||||||||
Less: net income attributable to noncontrolling interests | 5,143 | 3,943 | 5,054 | 3,319 | 17,710 | |||||||||||||||
Net income (loss) attributable to SemGroup | $ | 43,423 | $ | 3,569 | $ | (1,919 | ) | $ | 3,280 | $ | 48,102 | |||||||||
Earnings (loss) per share—basic | $ | 1.03 | $ | 0.08 | $ | (0.05 | ) | $ | 0.08 | $ | 1.14 | |||||||||
Earnings (loss) per share—diluted | $ | 1.03 | $ | 0.08 | $ | (0.05 | ) | $ | 0.08 | $ | 1.13 | |||||||||
Summarized information on our consolidated results of operations for the quarters during the year ended December 31, 2012 is shown below (in thousands, except per share amounts): | ||||||||||||||||||||
First | Second | Third | Fourth | Total | ||||||||||||||||
Quarter | Quarter | Quarter | Quarter | |||||||||||||||||
Total revenues | $ | 312,031 | $ | 331,777 | $ | 277,852 | $ | 315,837 | $ | 1,237,497 | ||||||||||
Loss (gain) on disposal of long-lived assets, net | — | 119 | (3,615 | ) | (35 | ) | (3,531 | ) | ||||||||||||
Other operating costs and expenses | 311,067 | 330,768 | 270,958 | 306,920 | 1,219,713 | |||||||||||||||
Total expenses | 311,067 | 330,887 | 267,343 | 306,885 | 1,216,182 | |||||||||||||||
Earnings from equity method investments | 7,498 | 12,289 | 3,116 | 13,133 | 36,036 | |||||||||||||||
Operating income | 8,462 | 13,179 | 13,625 | 22,085 | 57,351 | |||||||||||||||
Other expenses, net | 7,616 | 5,587 | 11,701 | 5,567 | 30,471 | |||||||||||||||
Income from continuing operations before income taxes | 846 | 7,592 | 1,924 | 16,518 | 26,880 | |||||||||||||||
Income tax expense (benefit) | (1,012 | ) | (92 | ) | 2,092 | (3,066 | ) | (2,078 | ) | |||||||||||
Income (loss) from continuing operations | 1,858 | 7,684 | (168 | ) | 19,584 | 28,958 | ||||||||||||||
Income (loss) from discontinued operations, net of income taxes | 252 | (441 | ) | (264 | ) | 3,392 | 2,939 | |||||||||||||
Net income (loss) | 2,110 | 7,243 | (432 | ) | 22,976 | 31,897 | ||||||||||||||
Less: net income attributable to noncontrolling interests | 3,483 | 2,096 | 2,336 | 1,882 | 9,797 | |||||||||||||||
Net income (loss) attributable to SemGroup | $ | (1,373 | ) | $ | 5,147 | $ | (2,768 | ) | $ | 21,094 | $ | 22,100 | ||||||||
Earnings (loss) per share—basic | $ | (0.03 | ) | $ | 0.12 | $ | (0.07 | ) | $ | 0.5 | $ | 0.53 | ||||||||
Earnings (loss) per share—diluted | $ | (0.03 | ) | $ | 0.12 | $ | (0.07 | ) | $ | 0.5 | $ | 0.52 | ||||||||
In the third quarter of 2012, we classified SemStream Arizona's residential business as discontinued operations. Prior periods were recast to reflect the discontinued operations classification. See Notes 7 and 8 for additional information. |
Related_Party_Transactions_Tab
Related Party Transactions (Tables) | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Related Party Transactions [Abstract] | ' | |||||||||||
Related Party Transactions | ' | |||||||||||
The amounts were as follows for the years ended December 31, 2013, 2012 and 2011 (in thousands): | ||||||||||||
Year Ended December 31, 2013 | Year Ended December 31, 2012 | Year Ended December 31, 2011 | ||||||||||
Revenues | $ | 103,203 | $ | 58,643 | $ | 9,708 | ||||||
Purchases | $ | 15,255 | $ | 42,741 | $ | 11,270 | ||||||
Reimbursements from NGL Energy for services | $ | 198 | $ | 575 | $ | 346 | ||||||
Condensed_Consolidating_Guaran1
Condensed Consolidating Guarantor Financial Statements (Tables) | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||
Condensed Financial Statements, Captions [Line Items] | ' | ||||||||||||||||||||
Condensed Balance Sheet [Table Text Block] | ' | ||||||||||||||||||||
Condensed Consolidating Guarantor Balance Sheets | |||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||
Parent | Guarantors | Non-guarantors | Consolidating Adjustments | Consolidated | |||||||||||||||||
ASSETS | |||||||||||||||||||||
Current assets: | |||||||||||||||||||||
Cash and cash equivalents | $ | 2,545 | $ | — | $ | 78,364 | $ | (1,558 | ) | $ | 79,351 | ||||||||||
Restricted cash | 3,851 | — | 1,268 | — | 5,119 | ||||||||||||||||
Accounts receivable | 649 | 14,642 | 308,674 | — | 323,965 | ||||||||||||||||
Receivable from affiliates | 1,519 | 14,063 | 56,040 | (4,349 | ) | 67,273 | |||||||||||||||
Inventories | — | 1,046 | 43,249 | — | 44,295 | ||||||||||||||||
Other current assets | 8,712 | 193 | 5,106 | — | 14,011 | ||||||||||||||||
Total current assets | 17,276 | 29,944 | 492,701 | (5,907 | ) | 534,014 | |||||||||||||||
Property, plant and equipment | 4,114 | 366,067 | 735,547 | — | 1,105,728 | ||||||||||||||||
Equity method investments | 1,511,922 | 461,056 | 159,321 | (1,567,175 | ) | 565,124 | |||||||||||||||
Goodwill | — | 23,839 | 38,182 | — | 62,021 | ||||||||||||||||
Other intangible assets | 31 | 163,144 | 11,663 | — | 174,838 | ||||||||||||||||
Other noncurrent assets, net | 15,263 | 1,302 | 12,324 | — | 28,889 | ||||||||||||||||
Total assets | $ | 1,548,606 | $ | 1,045,352 | $ | 1,449,738 | $ | (1,573,082 | ) | $ | 2,470,614 | ||||||||||
LIABILITIES AND OWNERS’ EQUITY | |||||||||||||||||||||
Current liabilities: | |||||||||||||||||||||
Accounts payable | $ | 1,172 | $ | 24,234 | $ | 229,061 | $ | — | $ | 254,467 | |||||||||||
Payable to affiliates | 17 | 115 | 67,062 | (4,915 | ) | 62,279 | |||||||||||||||
Accrued liabilities | 10,072 | 17,341 | 56,011 | 5 | 83,429 | ||||||||||||||||
Payables to pre-petition creditors | 3,124 | — | 53 | — | 3,177 | ||||||||||||||||
Deferred revenue | — | — | 25,538 | — | 25,538 | ||||||||||||||||
Other current liabilities | 61,875 | 715 | 7,697 | — | 70,287 | ||||||||||||||||
Current portion of long-term debt | — | — | 37 | — | 37 | ||||||||||||||||
Total current liabilities | 76,260 | 42,405 | 385,459 | (4,910 | ) | 499,214 | |||||||||||||||
Long-term debt | 370,000 | — | 245,088 | — | 615,088 | ||||||||||||||||
Deferred income taxes | 48,436 | — | 52,509 | — | 100,945 | ||||||||||||||||
Other noncurrent liabilities | 8 | — | 41,496 | — | 41,504 | ||||||||||||||||
Commitments and contingencies | |||||||||||||||||||||
Owners’ equity excluding noncontrolling interests in consolidated subsidiaries | 1,053,902 | 1,002,947 | 565,225 | (1,568,172 | ) | 1,053,902 | |||||||||||||||
Noncontrolling interests in consolidated subsidiaries | — | — | 159,961 | — | 159,961 | ||||||||||||||||
Total owners’ equity | 1,053,902 | 1,002,947 | 725,186 | (1,568,172 | ) | 1,213,863 | |||||||||||||||
Total liabilities and owners’ equity | $ | 1,548,606 | $ | 1,045,352 | $ | 1,449,738 | $ | (1,573,082 | ) | $ | 2,470,614 | ||||||||||
31-Dec-12 | |||||||||||||||||||||
Parent | Guarantors | Non-guarantors | Consolidating Adjustments | Consolidated | |||||||||||||||||
ASSETS | |||||||||||||||||||||
Current assets: | |||||||||||||||||||||
Cash and cash equivalents | $ | 19,123 | $ | — | $ | 63,844 | $ | (2,938 | ) | $ | 80,029 | ||||||||||
Restricted cash | 33,324 | — | 1,354 | — | 34,678 | ||||||||||||||||
Accounts receivable | 1,155 | 7,927 | 337,087 | — | 346,169 | ||||||||||||||||
Receivable from affiliates | 827 | 7,222 | 109 | (1,980 | ) | 6,178 | |||||||||||||||
Inventories | — | 181 | 34,252 | — | 34,433 | ||||||||||||||||
Other current assets | 2,528 | 312 | 15,676 | — | 18,516 | ||||||||||||||||
Total current assets | 56,957 | 15,642 | 452,322 | (4,918 | ) | 520,003 | |||||||||||||||
Property, plant and equipment | 5,399 | 122,899 | 686,426 | — | 814,724 | ||||||||||||||||
Equity method investments | 1,104,832 | 468,033 | 138,970 | (1,324,033 | ) | 387,802 | |||||||||||||||
Goodwill | — | — | 9,884 | — | 9,884 | ||||||||||||||||
Other intangible assets | 36 | — | 7,549 | — | 7,585 | ||||||||||||||||
Other noncurrent assets, net | 3,606 | 1,317 | 3,258 | — | 8,181 | ||||||||||||||||
Total assets | $ | 1,170,830 | $ | 607,891 | $ | 1,298,409 | $ | (1,328,951 | ) | $ | 1,748,179 | ||||||||||
LIABILITIES AND OWNERS’ EQUITY | |||||||||||||||||||||
Current liabilities: | |||||||||||||||||||||
Accounts payable | $ | 70 | $ | 12,304 | $ | 241,249 | $ | — | $ | 253,623 | |||||||||||
Accrued liabilities | 8,972 | 4,546 | 50,313 | — | 63,831 | ||||||||||||||||
Payables to pre-petition creditors | 32,876 | — | 57 | — | 32,933 | ||||||||||||||||
Deferred revenue | — | — | 18,973 | — | 18,973 | ||||||||||||||||
Other current liabilities | 134 | 580 | 4,263 | (17 | ) | 4,960 | |||||||||||||||
Current portion of long-term debt | — | — | 24 | — | 24 | ||||||||||||||||
Total current liabilities | 42,052 | 17,430 | 314,879 | (17 | ) | 374,344 | |||||||||||||||
Long-term debt | 201,500 | — | 4,562 | — | 206,062 | ||||||||||||||||
Deferred income taxes | 2,018 | — | 63,602 | — | 65,620 | ||||||||||||||||
Other noncurrent liabilities | 32,866 | — | 47,759 | — | 80,625 | ||||||||||||||||
Commitments and contingencies | |||||||||||||||||||||
Owners’ equity excluding noncontrolling interests in consolidated subsidiaries | 892,394 | 590,461 | 738,473 | (1,328,934 | ) | 892,394 | |||||||||||||||
Noncontrolling interests in consolidated subsidiaries | — | — | 129,134 | — | 129,134 | ||||||||||||||||
Total owners’ equity | 892,394 | 590,461 | 867,607 | (1,328,934 | ) | 1,021,528 | |||||||||||||||
Total liabilities and owners’ equity | $ | 1,170,830 | $ | 607,891 | $ | 1,298,409 | $ | (1,328,951 | ) | $ | 1,748,179 | ||||||||||
Condensed Income Statement [Table Text Block] | ' | ||||||||||||||||||||
Condensed Consolidating Guarantor Statements of Operations | |||||||||||||||||||||
Year Ended December 31, 2013 | |||||||||||||||||||||
Parent | Guarantors | Non-guarantors | Consolidating Adjustments | Consolidated | |||||||||||||||||
Revenues: | |||||||||||||||||||||
Product | $ | — | $ | 224,072 | $ | 944,984 | $ | (23,952 | ) | $ | 1,145,104 | ||||||||||
Service | — | 3,868 | 136,330 | — | 140,198 | ||||||||||||||||
Other | — | — | 141,714 | — | 141,714 | ||||||||||||||||
Total revenues | — | 227,940 | 1,223,028 | (23,952 | ) | 1,427,016 | |||||||||||||||
Expenses: | — | ||||||||||||||||||||
Costs of products sold, exclusive of depreciation and amortization shown below | — | 166,735 | 877,317 | (23,952 | ) | 1,020,100 | |||||||||||||||
Operating | — | 19,541 | 204,044 | — | 223,585 | ||||||||||||||||
General and administrative | 21,560 | 9,437 | 47,600 | — | 78,597 | ||||||||||||||||
Depreciation and amortization | 2,001 | 14,452 | 49,956 | — | 66,409 | ||||||||||||||||
Loss (gain) loss on disposal of long-lived assets, net | — | 668 | (907 | ) | — | (239 | ) | ||||||||||||||
Total expenses | 23,561 | 210,833 | 1,178,010 | (23,952 | ) | 1,388,452 | |||||||||||||||
Earnings from equity method investments | 67,965 | 54,995 | 44,203 | (114,686 | ) | 52,477 | |||||||||||||||
Gain on issuance of common units by equity method investee | 26,873 | — | — | — | 26,873 | ||||||||||||||||
Operating income | 71,277 | 72,102 | 89,221 | (114,686 | ) | 117,914 | |||||||||||||||
Other expenses (income): | — | ||||||||||||||||||||
Interest expense | 4,826 | 9,781 | 15,947 | (5,412 | ) | 25,142 | |||||||||||||||
Foreign currency transaction loss (gain) | — | — | (1,633 | ) | — | (1,633 | ) | ||||||||||||||
Other expense (income), net | 40,928 | — | (434 | ) | 5,412 | 45,906 | |||||||||||||||
Total other expenses, net | 45,754 | 9,781 | 13,880 | — | 69,415 | ||||||||||||||||
Income from continuing operations before income taxes | 25,523 | 62,321 | 75,341 | (114,686 | ) | 48,499 | |||||||||||||||
Income tax expense (benefit) | (22,579 | ) | — | 5,325 | — | (17,254 | ) | ||||||||||||||
Income from continuing operations | 48,102 | 62,321 | 70,016 | (114,686 | ) | 65,753 | |||||||||||||||
Income (loss) from discontinued operations, net of income taxes | — | 65 | (6 | ) | — | 59 | |||||||||||||||
Net income | 48,102 | 62,386 | 70,010 | (114,686 | ) | 65,812 | |||||||||||||||
Less: net income attributable to noncontrolling interests | — | — | 17,710 | — | 17,710 | ||||||||||||||||
Net income attributable to SemGroup | $ | 48,102 | $ | 62,386 | $ | 52,300 | $ | (114,686 | ) | $ | 48,102 | ||||||||||
Net income | $ | 48,102 | $ | 62,386 | $ | 70,010 | $ | (114,686 | ) | $ | 65,812 | ||||||||||
Other comprehensive loss, net of income taxes | (1,517 | ) | — | (38 | ) | — | (1,555 | ) | |||||||||||||
Comprehensive income | 46,585 | 62,386 | 69,972 | (114,686 | ) | 64,257 | |||||||||||||||
Less: comprehensive income attributable to noncontrolling interests | — | — | 17,710 | — | 17,710 | ||||||||||||||||
Comprehensive income attributable to SemGroup | $ | 46,585 | $ | 62,386 | $ | 52,262 | $ | (114,686 | ) | $ | 46,547 | ||||||||||
Year Ended December 31, 2012 | |||||||||||||||||||||
Parent | Guarantors | Non-guarantors | Consolidating Adjustments | Consolidated | |||||||||||||||||
Revenues: | |||||||||||||||||||||
Product | $ | — | $ | 123,424 | $ | 840,892 | $ | (10,578 | ) | $ | 953,738 | ||||||||||
Service | — | 1,198 | 116,523 | — | 117,721 | ||||||||||||||||
Other | — | 387 | 165,651 | — | 166,038 | ||||||||||||||||
Total revenues | — | 125,009 | 1,123,066 | (10,578 | ) | 1,237,497 | |||||||||||||||
Expenses: | |||||||||||||||||||||
Costs of products sold, exclusive of depreciation and amortization shown below | — | 98,224 | 787,239 | (10,578 | ) | 874,885 | |||||||||||||||
Operating | — | 12,719 | 211,981 | — | 224,700 | ||||||||||||||||
General and administrative | 22,105 | 8,360 | 41,453 | — | 71,918 | ||||||||||||||||
Depreciation and amortization | 2,496 | 6,448 | 39,266 | — | 48,210 | ||||||||||||||||
(Gain) loss on disposal of long-lived assets, net | — | 276 | (3,807 | ) | — | (3,531 | ) | ||||||||||||||
Total expenses | 24,601 | 126,027 | 1,076,132 | (10,578 | ) | 1,216,182 | |||||||||||||||
Earnings from equity method investments | 66,671 | 85,330 | 36,439 | (152,404 | ) | 36,036 | |||||||||||||||
Operating income | 42,070 | 84,312 | 83,373 | (152,404 | ) | 57,351 | |||||||||||||||
Other expenses (income): | |||||||||||||||||||||
Interest expense | 3,942 | (240 | ) | 11,056 | (5,856 | ) | 8,902 | ||||||||||||||
Foreign currency transaction loss | — | — | 298 | — | 298 | ||||||||||||||||
Other expense (income), net | 15,698 | (21 | ) | (262 | ) | 5,856 | 21,271 | ||||||||||||||
Total other expenses (income), net | 19,640 | (261 | ) | 11,092 | — | 30,471 | |||||||||||||||
Income from continuing operations before income taxes | 22,430 | 84,573 | 72,281 | (152,404 | ) | 26,880 | |||||||||||||||
Income tax expense (benefit) | 334 | — | (2,412 | ) | — | (2,078 | ) | ||||||||||||||
Income from continuing operations | 22,096 | 84,573 | 74,693 | (152,404 | ) | 28,958 | |||||||||||||||
Income (loss) from discontinued operations, net of income taxes | 4 | (17 | ) | 2,952 | — | 2,939 | |||||||||||||||
Net income | 22,100 | 84,556 | 77,645 | (152,404 | ) | 31,897 | |||||||||||||||
Less: net income attributable to noncontrolling interests | — | — | 9,797 | — | 9,797 | ||||||||||||||||
Net income attributable to SemGroup | $ | 22,100 | $ | 84,556 | $ | 67,848 | $ | (152,404 | ) | $ | 22,100 | ||||||||||
Net income | $ | 22,100 | $ | 84,556 | $ | 77,645 | $ | (152,404 | ) | $ | 31,897 | ||||||||||
Other comprehensive income, net of income taxes | 917 | — | 11,659 | — | 12,576 | ||||||||||||||||
Comprehensive income | 23,017 | 84,556 | 89,304 | (152,404 | ) | 44,473 | |||||||||||||||
Less: comprehensive income attributable to noncontrolling interests | — | — | 9,797 | — | 9,797 | ||||||||||||||||
Comprehensive income attributable to SemGroup | $ | 23,017 | $ | 84,556 | $ | 79,507 | $ | (152,404 | ) | $ | 34,676 | ||||||||||
Year Ended December 31, 2011 | |||||||||||||||||||||
Parent | Guarantors | Non-guarantors | Consolidating Adjustments | Consolidated | |||||||||||||||||
Revenues: | |||||||||||||||||||||
Product | $ | — | $ | 712,724 | $ | 609,870 | $ | (85,281 | ) | $ | 1,237,313 | ||||||||||
Service | — | 2,778 | 120,567 | — | 123,345 | ||||||||||||||||
Other | — | 311 | 104,277 | — | 104,588 | ||||||||||||||||
Total revenues | — | 715,813 | 834,714 | (85,281 | ) | 1,465,246 | |||||||||||||||
Expenses: | |||||||||||||||||||||
Costs of products sold, exclusive of depreciation and amortization shown below | — | 673,927 | 555,793 | (85,281 | ) | 1,144,439 | |||||||||||||||
Operating | — | 14,594 | 140,447 | — | 155,041 | ||||||||||||||||
General and administrative | 15,564 | 13,854 | 46,029 | — | 75,447 | ||||||||||||||||
Depreciation and amortization | 2,930 | 8,892 | 38,001 | — | 49,823 | ||||||||||||||||
(Gain) loss on disposal of long-lived assets, net | 1,605 | (46,139 | ) | 44,835 | — | 301 | |||||||||||||||
Total expenses | 20,099 | 665,128 | 825,105 | (85,281 | ) | 1,425,051 | |||||||||||||||
Earnings (losses) from equity method investments | 32,096 | (20,736 | ) | 15,004 | (11,360 | ) | 15,004 | ||||||||||||||
Operating income | 11,997 | 29,949 | 24,613 | (11,360 | ) | 55,199 | |||||||||||||||
Other expenses (income): | |||||||||||||||||||||
Interest expense | 24,352 | 19,498 | 21,157 | (4,869 | ) | 60,138 | |||||||||||||||
Foreign currency transaction loss (gain) | — | 39 | (3,489 | ) | — | (3,450 | ) | ||||||||||||||
Other (income) expense, net | (12,141 | ) | (2,150 | ) | (2,117 | ) | 4,869 | (11,539 | ) | ||||||||||||
Total other expenses, net | 12,211 | 17,387 | 15,551 | — | 45,149 | ||||||||||||||||
Income (loss) from continuing operations before income taxes | (214 | ) | 12,562 | 9,062 | (11,360 | ) | 10,050 | ||||||||||||||
Income tax (benefit) expense | (2,485 | ) | — | 175 | — | (2,310 | ) | ||||||||||||||
Income from continuing operations | 2,271 | 12,562 | 8,887 | (11,360 | ) | 12,360 | |||||||||||||||
Income (loss) from discontinued operations, net of income taxes | 106 | 28 | (9,682 | ) | — | (9,548 | ) | ||||||||||||||
Net income (loss) | 2,377 | 12,590 | (795 | ) | (11,360 | ) | 2,812 | ||||||||||||||
Less: net income attributable to noncontrolling interests | — | — | 435 | — | 435 | ||||||||||||||||
Net income (loss) attributable to SemGroup | $ | 2,377 | $ | 12,590 | $ | (1,230 | ) | $ | (11,360 | ) | $ | 2,377 | |||||||||
Net income (loss) | $ | 2,377 | $ | 12,590 | $ | (795 | ) | $ | (11,360 | ) | $ | 2,812 | |||||||||
Other comprehensive loss, net of income taxes | (1,853 | ) | — | (13,137 | ) | — | (14,990 | ) | |||||||||||||
Comprehensive income (loss) | 524 | 12,590 | (13,932 | ) | (11,360 | ) | (12,178 | ) | |||||||||||||
Less: comprehensive income attributable to noncontrolling interests | — | — | 435 | — | 435 | ||||||||||||||||
Comprehensive income (loss) attributable to SemGroup | $ | 524 | $ | 12,590 | $ | (14,367 | ) | $ | (11,360 | ) | $ | (12,613 | ) | ||||||||
Condensed Cash Flow Statement [Table Text Block] | ' | ||||||||||||||||||||
Condensed Consolidating Guarantor Statements of Cash Flows | |||||||||||||||||||||
Year Ended December 31, 2013 | |||||||||||||||||||||
Parent | Guarantors | Non-guarantors | Consolidating Adjustments | Consolidated | |||||||||||||||||
Net cash provided by (used in) operating activities | $ | 20,130 | $ | 24,642 | $ | 148,872 | $ | (20,235 | ) | $ | 173,409 | ||||||||||
Cash flows from investing activities: | |||||||||||||||||||||
Capital expenditures | (734 | ) | (123,246 | ) | (91,629 | ) | — | (215,609 | ) | ||||||||||||
Proceeds from sale of long-lived assets | 23 | 19 | 1,237 | — | 1,279 | ||||||||||||||||
Investments in non-consolidated subsidiaries | (18,775 | ) | (57,850 | ) | (97,243 | ) | — | (173,868 | ) | ||||||||||||
Payments to acquire businesses | — | (313,487 | ) | (48,969 | ) | — | (362,456 | ) | |||||||||||||
Proceeds from the sale of interest in SemCrude Pipeline, L.L.C. to Rose Rock Midstream, L.P. | 362,600 | — | — | (362,600 | ) | — | |||||||||||||||
Distributions in excess of equity in earnings of affiliates | — | — | 12,246 | — | 12,246 | ||||||||||||||||
Net cash provided by (used in) investing activities | 343,114 | (494,564 | ) | (224,358 | ) | (362,600 | ) | (738,408 | ) | ||||||||||||
Cash flows from financing activities: | |||||||||||||||||||||
Debt issuance costs | (10,866 | ) | — | (4,070 | ) | — | (14,936 | ) | |||||||||||||
Borrowings on debt | 706,000 | — | 562,474 | — | 1,268,474 | ||||||||||||||||
Principal payments on debt and other obligations | (537,500 | ) | — | (321,912 | ) | — | (859,412 | ) | |||||||||||||
Proceeds from issuance of Rose Rock Midstream, L.P. common units, net of offering costs | — | — | 210,226 | — | 210,226 | ||||||||||||||||
Distributions to noncontrolling interests | — | — | (17,647 | ) | — | (17,647 | ) | ||||||||||||||
Proceeds from warrant exercises | 225 | — | — | — | 225 | ||||||||||||||||
Repurchase of common stock | (371 | ) | — | — | — | (371 | ) | ||||||||||||||
Dividends paid | (25,429 | ) | — | — | — | (25,429 | ) | ||||||||||||||
Intercompany borrowings (advances), net | (511,881 | ) | 469,922 | (342,256 | ) | 384,215 | — | ||||||||||||||
Net cash provided by (used in) financing activities | (379,822 | ) | 469,922 | 86,815 | 384,215 | 561,130 | |||||||||||||||
Effect of exchange rate changes on cash and cash equivalents | — | — | 3,191 | — | 3,191 | ||||||||||||||||
Change in cash and cash equivalents | (16,578 | ) | — | 14,520 | 1,380 | (678 | ) | ||||||||||||||
Cash and cash equivalents at beginning of period | 19,123 | — | 63,844 | (2,938 | ) | 80,029 | |||||||||||||||
Cash and cash equivalents at end of period | $ | 2,545 | $ | — | $ | 78,364 | $ | (1,558 | ) | $ | 79,351 | ||||||||||
Year Ended December 31, 2012 | |||||||||||||||||||||
Parent | Guarantors | Non-guarantors | Consolidating Adjustments | Consolidated | |||||||||||||||||
Net cash provided by (used in) operating activities | $ | (4,535 | ) | $ | 6,236 | $ | 93,534 | $ | (15,593 | ) | $ | 79,642 | |||||||||
Cash flows from investing activities: | |||||||||||||||||||||
Capital expenditures | (1,977 | ) | (59,317 | ) | (58,025 | ) | — | (119,319 | ) | ||||||||||||
Proceeds from sale of long-lived assets | 19 | (202 | ) | 2,824 | — | 2,641 | |||||||||||||||
Investments in non-consolidated subsidiaries | (1,740 | ) | (74,434 | ) | (2,079 | ) | — | (78,253 | ) | ||||||||||||
Proceeds from the sale of non-consolidated affiliate | — | — | 3,500 | — | 3,500 | ||||||||||||||||
Proceeds from the sale of SemStream assets | 12,250 | — | — | — | 12,250 | ||||||||||||||||
Distributions in excess of equity in earnings of affiliates | 9,218 | — | 8,072 | — | 17,290 | ||||||||||||||||
Net cash provided by (used in) investing activities | 17,770 | (133,953 | ) | (45,708 | ) | — | (161,891 | ) | |||||||||||||
Cash flows from financing activities: | |||||||||||||||||||||
Debt issuance costs | (455 | ) | — | (252 | ) | — | (707 | ) | |||||||||||||
Borrowings on credit facilities | 318,000 | — | — | — | 318,000 | ||||||||||||||||
Principal payments on credit facilities and other obligations | (194,000 | ) | — | (28,066 | ) | — | (222,066 | ) | |||||||||||||
Distributions to noncontrolling interests | — | — | (8,502 | ) | — | (8,502 | ) | ||||||||||||||
Repurchase of common stock | (242 | ) | — | — | — | (242 | ) | ||||||||||||||
Intercompany borrowings (advances), net | (117,526 | ) | 127,717 | (25,608 | ) | 15,417 | — | ||||||||||||||
Net cash provided by (used in) financing activities | 5,777 | 127,717 | (62,428 | ) | 15,417 | 86,483 | |||||||||||||||
Effect of exchange rate changes on cash and cash equivalents | — | — | (610 | ) | — | (610 | ) | ||||||||||||||
Change in cash and cash equivalents | 19,012 | — | (15,212 | ) | (176 | ) | 3,624 | ||||||||||||||
Change in cash and cash equivalents included in discontinued operations | — | — | 2,792 | — | 2,792 | ||||||||||||||||
Change in cash and cash equivalents from continuing operations | 19,012 | — | (12,420 | ) | (176 | ) | 6,416 | ||||||||||||||
Cash and cash equivalents at beginning of period | 111 | — | 76,264 | (2,762 | ) | 73,613 | |||||||||||||||
Cash and cash equivalents at end of period | $ | 19,123 | $ | — | $ | 63,844 | $ | (2,938 | ) | $ | 80,029 | ||||||||||
Year Ended December 31, 2011 | |||||||||||||||||||||
Parent | Guarantors | Non-guarantors | Consolidating Adjustments | Consolidated | |||||||||||||||||
Net cash provided by operating activities | $ | 6,817 | $ | 44,957 | $ | 17,004 | $ | 5,263 | $ | 74,041 | |||||||||||
Cash flows from investing activities: | |||||||||||||||||||||
Capital expenditures | (2,080 | ) | (16,865 | ) | (47,050 | ) | — | (65,995 | ) | ||||||||||||
Proceeds from sale of long-lived assets | — | 82 | 1,043 | — | 1,125 | ||||||||||||||||
Investments in non-consolidated subsidiaries | (3,218 | ) | (23 | ) | (476 | ) | — | (3,717 | ) | ||||||||||||
Proceeds from the sale of SemStream assets | 93,054 | — | — | — | 93,054 | ||||||||||||||||
Proceeds from sale of limited partner interest in subsidiary, net of offering costs | 127,134 | — | — | (127,134 | ) | — | |||||||||||||||
Distributions in excess of equity in earnings of affiliates | — | — | 12,455 | — | 12,455 | ||||||||||||||||
Net cash provided by (used in) investing activities | 214,890 | (16,806 | ) | (34,028 | ) | (127,134 | ) | 36,922 | |||||||||||||
Cash flows from financing activities: | |||||||||||||||||||||
Debt issuance costs | (10,867 | ) | — | (1,666 | ) | — | (12,533 | ) | |||||||||||||
Borrowings on credit facilities | 255,471 | — | 8,434 | — | 263,905 | ||||||||||||||||
Principal payments on credit facilities and other obligations | (498,515 | ) | (21 | ) | (4,653 | ) | — | (503,189 | ) | ||||||||||||
Proceeds from issuance of Rose Rock Midstream, L.P. common units, net of offering costs | — | — | 127,134 | — | 127,134 | ||||||||||||||||
Intercompany borrowings (advances), net | 25,099 | (28,130 | ) | (116,789 | ) | 119,820 | — | ||||||||||||||
Net cash provided by (used in) financing activities | (228,812 | ) | (28,151 | ) | 12,460 | 119,820 | (124,683 | ) | |||||||||||||
Effect of exchange rate changes on cash and cash equivalents | — | — | (34 | ) | — | (34 | ) | ||||||||||||||
Change in cash and cash equivalents | (7,105 | ) | — | (4,598 | ) | (2,051 | ) | (13,754 | ) | ||||||||||||
Change in cash and cash equivalents included in discontinued operations | — | — | (454 | ) | — | (454 | ) | ||||||||||||||
Change in cash and cash equivalents from continuing operations | (7,105 | ) | — | (5,052 | ) | (2,051 | ) | (14,208 | ) | ||||||||||||
Cash and cash equivalents at beginning of period | 7,216 | — | 81,316 | (711 | ) | 87,821 | |||||||||||||||
Cash and cash equivalents at end of period | $ | 111 | $ | — | $ | 76,264 | $ | (2,762 | ) | $ | 73,613 | ||||||||||
Overview_Details
Overview (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Sep. 30, 2013 |
In Thousands, except Share data, unless otherwise specified | Rose Rock Midstream L P [Member] | Crude [Member] | SemCAMS [Member] | SemGas [Member] | SemLogistics [Member] | SemMexico [Member] | General Partner [Member] | Limited Partner [Member] | Glass Mountain Pipeline Llc [Member] | Glass Mountain Pipeline Llc [Member] | White Cliffs Pipeline, LLC [Member] | White Cliffs Pipeline, LLC [Member] | Ngl Energy Partners Lp [Member] | Ngl Energy Partners Lp [Member] | Ngl Energy Partners Lp [Member] | Ngl Energy Partners Lp [Member] | Partnership Interest [Member] | Partnership Interest [Member] | ||
mi | mi | mi | bbl | Plant | Crude [Member] | Crude [Member] | Ngl Energy Partners Lp [Member] | Crude [Member] | Crude [Member] | General Partner [Member] | General Partner [Member] | General Partner [Member] | Limited Partner [Member] | Glass Mountain Pipeline Llc [Member] | Ngl Energy Partners Lp [Member] | |||||
Trucks | Plant | Plant | Facility | Rose Rock Midstream L P [Member] | Rose Rock Midstream L P [Member] | mi | mi | SemStream [Member] | SemStream [Member] | SemStream [Member] | SemStream [Member] | Limited Partner [Member] | ||||||||
bbl | Terminal | SemStream [Member] | ||||||||||||||||||
Schedule Of Overview [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Payables to pre-petition creditors | $3,177 | $32,933 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
General partner ownership interest | ' | ' | 2.00% | ' | ' | ' | ' | ' | 2.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Equity method investment, ownership percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 50.00% | 50.00% | 51.00% | 51.00% | 11.78% | 11.78% | 6.42% | ' | 50.00% | 12.80% |
Length of pipeline network (in miles) | ' | ' | ' | 624 | 600 | 1,300 | ' | ' | ' | ' | ' | 210 | ' | 527 | ' | ' | ' | ' | ' | ' |
Limited partner units owned | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 9,133,409 | ' | ' |
Limited partner ownership interest | ' | ' | ' | ' | ' | ' | ' | ' | ' | 51.60% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Oil storage capacity, barrels | ' | ' | ' | 7,350,000 | ' | ' | 8,700,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Trucks and trailers | ' | ' | ' | 130 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of manufacturing plants | ' | ' | ' | ' | 4 | 3 | ' | 12 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of emulsion distribution terminals | ' | ' | ' | ' | ' | ' | ' | 1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of rail unloading facilities | ' | ' | ' | ' | ' | ' | ' | 3 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Consolidation_And_Basis_Of_Pre2
Consolidation And Basis Of Presentation (Details Textual) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 |
SemCAMS [Member] | SemCAMS [Member] | Crude [Member] | NGL Energy [Member] | White Cliffs Pipeline, LLC [Member] | White Cliffs Pipeline, LLC [Member] | White Cliffs Pipeline, LLC [Member] | Glass Mountain Pipeline Llc [Member] | Semcrude Pipeline [Member] | Semcrude Pipeline [Member] | |||
mi | Proportionally Consolidated Assets [Member] | mi | SemStream [Member] | Semcrude Pipeline [Member] | Crude [Member] | Crude [Member] | Rose Rock Midstream L P [Member] | Common control transaction [Member] | ||||
Seat | mi | mi | Rose Rock Midstream L P [Member] | |||||||||
Consolidation And Basis Of Presentation [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Property, plant and equipment | $1,105,728,000 | $814,724,000 | ' | $206,400,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Equity method investment, ownership percentage | ' | ' | ' | ' | ' | ' | 51.00% | 51.00% | 51.00% | 50.00% | ' | ' |
Percentage ownership sold to subsidiary in common control transaction | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 66.67% | ' |
Gain (loss) sale of interest in SemCrude Pipeline, L.L.C. to subsidiary | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $0 |
Number of seats on the board of directors | ' | ' | ' | ' | ' | 2 | ' | ' | ' | ' | ' | ' |
Length of pipeline network (in miles) | ' | ' | 600 | ' | 624 | ' | ' | ' | 527 | 210 | ' | ' |
Summary_of_Significant_Account3
Summary of Significant Accounting Policies (Details) | 12 Months Ended |
Dec. 31, 2013 | |
Pipelines and related facilities [Member] | Minimum [Member] | ' |
Property, Plant and Equipment [Line Items] | ' |
Useful life property, plant and equipment (in years) | '10 years |
Pipelines and related facilities [Member] | Maximum [Member] | ' |
Property, Plant and Equipment [Line Items] | ' |
Useful life property, plant and equipment (in years) | '31 years |
Storage and terminal facilities [Member] | Minimum [Member] | ' |
Property, Plant and Equipment [Line Items] | ' |
Useful life property, plant and equipment (in years) | '10 years |
Storage and terminal facilities [Member] | Maximum [Member] | ' |
Property, Plant and Equipment [Line Items] | ' |
Useful life property, plant and equipment (in years) | '25 years |
Natural gas gathering and processing facilities [Member] | Minimum [Member] | ' |
Property, Plant and Equipment [Line Items] | ' |
Useful life property, plant and equipment (in years) | '10 years |
Natural gas gathering and processing facilities [Member] | Maximum [Member] | ' |
Property, Plant and Equipment [Line Items] | ' |
Useful life property, plant and equipment (in years) | '31 years |
Office and Other Property and Equipment [Member] | Minimum [Member] | ' |
Property, Plant and Equipment [Line Items] | ' |
Useful life property, plant and equipment (in years) | '3 years |
Office and Other Property and Equipment [Member] | Maximum [Member] | ' |
Property, Plant and Equipment [Line Items] | ' |
Useful life property, plant and equipment (in years) | '31 years |
Summary_of_Significant_Account4
Summary of Significant Accounting Policies (Details Textual) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | Country | Restricted Cash For Settlement Purposes [Member] | SemCAMS [Member] | Minimum [Member] | Maximum [Member] | Other Current Liabilities [Member] | |
SemCAMS [Member] | SemCAMS [Member] | Discontinued Operations [Member] | |||||
Summary Of Significant Accounting Policies [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Payables to pre-petition creditors | $3,177 | $32,933 | ' | ' | ' | ' | $700 |
Restricted cash | $5,119 | $34,678 | $5,100 | ' | ' | ' | ' |
Maintenance period | ' | ' | ' | ' | '4 years | '5 years | ' |
Number of countries in which segments operate | 4 | ' | ' | ' | ' | ' | ' |
Percentage mark-up on pass-through of recoverable maintenance costs | ' | ' | ' | 10.00% | ' | ' | ' |
Rose_Rock_Midstream_LP_Details
Rose Rock Midstream, L.P. (Details) (USD $) | 1 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | 0 Months Ended | 0 Months Ended | 12 Months Ended | 12 Months Ended | |||||||||||||||||
Aug. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Jan. 11, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 14, 2011 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 14, 2011 | Dec. 31, 2013 | Jan. 13, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Jan. 11, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Jan. 11, 2013 | Jan. 11, 2013 | Jan. 11, 2013 | Jan. 11, 2013 | Dec. 16, 2013 | Dec. 16, 2013 | Dec. 16, 2013 | Dec. 16, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | |
Rose Rock Midstream L P [Member] | Rose Rock Midstream L P [Member] | Semcrude Pipeline [Member] | Common Units [Member] | Subordinated Units [Member] | Class A [Member] | IPO [Member] | White Cliffs Pipeline, LLC [Member] | White Cliffs Pipeline, LLC [Member] | Limited Partner [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Common Units [Member] | Common Units [Member] | Noncontrolling Interest [Member] | Additional Paid-in Capital [Member] | Initial contribution of 33% Interest in SemCrude Pipeline [Member] [Member] | Initial contribution of 33% Interest in SemCrude Pipeline [Member] [Member] | Initial contribution of 33% Interest in SemCrude Pipeline [Member] [Member] | Initial contribution of 33% Interest in SemCrude Pipeline [Member] [Member] | Second contribution of 33% Interest in SemCrude Pipeline [Member] | Second contribution of 33% Interest in SemCrude Pipeline [Member] | Second contribution of 33% Interest in SemCrude Pipeline [Member] | Second contribution of 33% Interest in SemCrude Pipeline [Member] | Minimum [Member] | Crude [Member] | Crude [Member] | |||||
Rose Rock Midstream L P [Member] | Rose Rock Midstream L P [Member] | Rose Rock Midstream L P [Member] | bbl | Semcrude Pipeline [Member] | IPO [Member] | Rose Rock Midstream L P [Member] | Rose Rock Midstream L P [Member] | Rose Rock Midstream L P [Member] | Rose Rock Midstream L P [Member] | Private Placement [Member] | Semcrude Pipeline [Member] | Rose Rock Midstream L P [Member] | Capital Unit, Class A [Member] | Common Units [Member] | Semcrude Pipeline [Member] | Rose Rock Midstream L P [Member] | Capital Unit, Class A [Member] | Common Units [Member] | First Target Distribution [Member] | White Cliffs Pipeline, LLC [Member] | Limited Partner [Member] | |||||||||||
Semcrude Pipeline [Member] | Rose Rock Midstream L P [Member] | Rose Rock Midstream L P [Member] | Semcrude Pipeline [Member] | Rose Rock Midstream L P [Member] | Rose Rock Midstream L P [Member] | Rose Rock Midstream L P [Member] | ||||||||||||||||||||||||||
Ownership Interest [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common units representing limited partner interests | ' | ' | ' | ' | ' | ' | ' | 4,389,709 | 8,389,709 | 2,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
General partner ownership interest | ' | ' | ' | ' | ' | 2.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Limited partner ownership interest | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 51.60% |
Limited Partners' Capital Account, Units Issued | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 7,000,000 | ' | ' | ' | 4,750,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from issuance of Rose Rock Midstream, L.P. common units, net of offering costs | $152,500,000 | $210,226,000 | $0 | $127,134,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Average daily throughput threshold in barrels for conversion of Class A units | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 125,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common units sold in private placement | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Transaction related costs | ' | 2,200,000 | ' | ' | ' | 4,100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from issuance of common stock | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 59,300,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from lines of credit | ' | ' | ' | ' | 133,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Capacity of revolving credit facility | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 585,000,000 | 385,000,000 | 150,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Equity issuance costs paid from proceeds | ' | ' | ' | ' | ' | 1,600,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Deferred borrowing costs | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,600,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Transaction costs expensed | ' | ' | ' | ' | ' | 900,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Gain (Loss) on Sale of Equity Investments | ' | ' | ' | ' | ' | ' | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Sale of interest in equity investment to related party | ' | 67,291,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 180,220,000 | -112,929,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Tax effect of adjustment to APIC from sale of equity investment to less than wholly owned subsidiary | ' | 67,300,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from issuance initial public offering | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 127,100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Equity method investment, ownership percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 51.00% | 51.00% | ' | ' | ' | ' | ' | ' | ' | ' | 33.00% | ' | ' | ' | 33.00% | ' | ' | ' | ' | 51.00% | ' |
Proceeds from sale of SemCrude Pipeline investment to Rose Rock | ' | $0 | ' | $0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $189,500,000 | ' | ' | ' | $173,100,000 | ' | ' | ' | ' | ' |
Equity consideration received for SemCrude Pipeline ownership interest | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '1250000 | '1500000 | ' | ' | '1250000 | '1500000 | ' | ' | ' |
Partners' minimum quarterly distribution per unit | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.3625 | ' | ' |
Rose_Rock_Midstream_LP_Details1
Rose Rock Midstream, L.P. (Details 1) | 12 Months Ended |
Dec. 31, 2013 | |
Minimum Quarterly Distributions [Member] | ' |
Quarterly Target Distributions | ' |
Marginal Percentage Interest, Unitholders | 98.00% |
Marginal Percentage Interest, General Partner | 2.00% |
Marginal Percentage Interest, Incentive Distribution Rights | 0.00% |
Minimum Quarterly Distributions [Member] | Minimum [Member] | ' |
Quarterly Target Distributions | ' |
Partners' minimum quarterly distribution per unit | 0.3625 |
First Target Distribution [Member] | ' |
Quarterly Target Distributions | ' |
Marginal Percentage Interest, Unitholders | 98.00% |
Marginal Percentage Interest, General Partner | 2.00% |
Marginal Percentage Interest, Incentive Distribution Rights | 0.00% |
First Target Distribution [Member] | Minimum [Member] | ' |
Quarterly Target Distributions | ' |
Partners' minimum quarterly distribution per unit | 0.3625 |
First Target Distribution [Member] | Maximum [Member] | ' |
Quarterly Target Distributions | ' |
Partners' minimum quarterly distribution per unit | 0.416875 |
Second Target Distribution [Member] | ' |
Quarterly Target Distributions | ' |
Marginal Percentage Interest, Unitholders | 85.00% |
Marginal Percentage Interest, General Partner | 2.00% |
Marginal Percentage Interest, Incentive Distribution Rights | 13.00% |
Second Target Distribution [Member] | Minimum [Member] | ' |
Quarterly Target Distributions | ' |
Partners' minimum quarterly distribution per unit | 0.416875 |
Second Target Distribution [Member] | Maximum [Member] | ' |
Quarterly Target Distributions | ' |
Partners' minimum quarterly distribution per unit | 0.453125 |
Third Target Distribution [Member] | ' |
Quarterly Target Distributions | ' |
Marginal Percentage Interest, Unitholders | 75.00% |
Marginal Percentage Interest, General Partner | 2.00% |
Marginal Percentage Interest, Incentive Distribution Rights | 23.00% |
Third Target Distribution [Member] | Minimum [Member] | ' |
Quarterly Target Distributions | ' |
Partners' minimum quarterly distribution per unit | 0.453125 |
Third Target Distribution [Member] | Maximum [Member] | ' |
Quarterly Target Distributions | ' |
Partners' minimum quarterly distribution per unit | 0.54375 |
Thereafter [Member] | ' |
Quarterly Target Distributions | ' |
Marginal Percentage Interest, Unitholders | 50.00% |
Marginal Percentage Interest, General Partner | 2.00% |
Marginal Percentage Interest, Incentive Distribution Rights | 48.00% |
Thereafter [Member] | Minimum [Member] | ' |
Quarterly Target Distributions | ' |
Partners' minimum quarterly distribution per unit | 0.54375 |
Rose_Rock_Midstream_LP_Details2
Rose Rock Midstream, L.P. (Details 2) (USD $) | 0 Months Ended | 9 Months Ended | 0 Months Ended | 9 Months Ended | 0 Months Ended | 9 Months Ended | 0 Months Ended | 9 Months Ended | 0 Months Ended | 9 Months Ended | 0 Months Ended | 9 Months Ended | 0 Months Ended | 9 Months Ended | 0 Months Ended | 9 Months Ended | 0 Months Ended | 12 Months Ended | 0 Months Ended | |||||||||||||||||||||||||||||||||||||||||
In Thousands, except Per Share data, unless otherwise specified | Feb. 13, 2012 | Sep. 30, 2013 | Feb. 13, 2012 | Feb. 13, 2012 | Feb. 13, 2012 | 15-May-12 | Sep. 30, 2013 | 15-May-12 | 15-May-12 | 15-May-12 | Aug. 14, 2012 | Sep. 30, 2013 | Aug. 14, 2012 | Aug. 14, 2012 | Aug. 14, 2012 | Nov. 14, 2012 | Sep. 30, 2013 | Nov. 14, 2012 | Nov. 14, 2012 | Nov. 14, 2012 | Feb. 14, 2013 | Sep. 30, 2013 | Feb. 14, 2013 | Feb. 14, 2013 | Feb. 14, 2013 | 15-May-13 | Sep. 30, 2013 | 15-May-13 | 15-May-13 | 15-May-13 | Aug. 14, 2013 | Sep. 30, 2013 | Aug. 14, 2013 | Aug. 14, 2013 | Aug. 14, 2013 | Nov. 14, 2013 | Sep. 30, 2013 | Nov. 14, 2013 | Nov. 14, 2013 | Nov. 14, 2013 | Feb. 14, 2014 | Dec. 31, 2013 | Feb. 14, 2014 | Feb. 14, 2014 | Feb. 14, 2014 | Feb. 13, 2012 | 15-May-12 | Aug. 14, 2012 | Nov. 14, 2012 | Feb. 14, 2013 | 15-May-13 | Aug. 14, 2013 | Nov. 14, 2013 | Feb. 14, 2014 | ||||||
Distribution of Q4 2011 earnings (pro-rated) [Member] | Distribution of Q4 2011 earnings (pro-rated) [Member] | Distribution of Q4 2011 earnings (pro-rated) [Member] | Distribution of Q4 2011 earnings (pro-rated) [Member] | Distribution of Q4 2011 earnings (pro-rated) [Member] | Distribution of Q1 2012 earnings [Member] | Distribution of Q1 2012 earnings [Member] | Distribution of Q1 2012 earnings [Member] | Distribution of Q1 2012 earnings [Member] | Distribution of Q1 2012 earnings [Member] | Distribution of Q2 2012 earnings [Member] | Distribution of Q2 2012 earnings [Member] | Distribution of Q2 2012 earnings [Member] | Distribution of Q2 2012 earnings [Member] | Distribution of Q2 2012 earnings [Member] | Distribution of Q3 2012 earnings [Member] | Distribution of Q3 2012 earnings [Member] | Distribution of Q3 2012 earnings [Member] | Distribution of Q3 2012 earnings [Member] | Distribution of Q3 2012 earnings [Member] | Distribution of Q4 2012 earnings [Member] | Distribution of Q4 2012 earnings [Member] | Distribution of Q4 2012 earnings [Member] | Distribution of Q4 2012 earnings [Member] | Distribution of Q4 2012 earnings [Member] | Distribution of Q1 2013 earnings [Member] | Distribution of Q1 2013 earnings [Member] | Distribution of Q1 2013 earnings [Member] | Distribution of Q1 2013 earnings [Member] | Distribution of Q1 2013 earnings [Member] | Distribution of Q2 2013 earnings [Member] | Distribution of Q2 2013 earnings [Member] | Distribution of Q2 2013 earnings [Member] | Distribution of Q2 2013 earnings [Member] | Distribution of Q2 2013 earnings [Member] | Distribution of Q3 2013 earnings [Member] | Distribution of Q3 2013 earnings [Member] | Distribution of Q3 2013 earnings [Member] | Distribution of Q3 2013 earnings [Member] | Distribution of Q3 2013 earnings [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Semgroup [Member] | Semgroup [Member] | Semgroup [Member] | Semgroup [Member] | Semgroup [Member] | Semgroup [Member] | Semgroup [Member] | Semgroup [Member] | Semgroup [Member] | |||||||
Noncontrolling Interest [Member] | Semgroup [Member] | Semgroup [Member] | Noncontrolling Interest [Member] | Semgroup [Member] | Semgroup [Member] | Noncontrolling Interest [Member] | Semgroup [Member] | Semgroup [Member] | Noncontrolling Interest [Member] | Semgroup [Member] | Semgroup [Member] | Noncontrolling Interest [Member] | Semgroup [Member] | Semgroup [Member] | Noncontrolling Interest [Member] | Semgroup [Member] | Semgroup [Member] | Noncontrolling Interest [Member] | Semgroup [Member] | Semgroup [Member] | Noncontrolling Interest [Member] | Semgroup [Member] | Semgroup [Member] | Distribution of Q4 2013 earnings [Member] | Distribution of Q4 2013 earnings [Member] | Distribution of Q4 2013 earnings [Member] | Distribution of Q4 2013 earnings [Member] | Distribution of Q4 2013 earnings [Member] | Distribution of Q4 2011 earnings (pro-rated) [Member] | Distribution of Q1 2012 earnings [Member] | Distribution of Q2 2012 earnings [Member] | Distribution of Q3 2012 earnings [Member] | Distribution of Q4 2012 earnings [Member] | Distribution of Q1 2013 earnings [Member] | Distribution of Q2 2013 earnings [Member] | Distribution of Q3 2013 earnings [Member] | Subsequent Event [Member] | |||||||||||||||||||||||
Common Unit [Member] | Subordinated Units [Member] | Common Unit [Member] | Subordinated Units [Member] | Common Unit [Member] | Subordinated Units [Member] | Common Unit [Member] | Subordinated Units [Member] | Common Unit [Member] | Subordinated Units [Member] | Common Unit [Member] | Subordinated Units [Member] | Common Unit [Member] | Subordinated Units [Member] | Common Unit [Member] | Subordinated Units [Member] | Noncontrolling Interest [Member] | Semgroup [Member] | Semgroup [Member] | Distribution of Q4 2013 earnings [Member] | |||||||||||||||||||||||||||||||||||||||||
Common Unit [Member] | Subordinated Units [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Distributions Paid | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||
Distribution Made to Member or Limited Partner, Declaration Date | ' | 3-Feb-12 | [1] | ' | ' | ' | ' | 7-May-12 | ' | ' | ' | ' | 6-Aug-12 | ' | ' | ' | ' | 5-Nov-12 | ' | ' | ' | ' | 4-Feb-13 | ' | ' | ' | ' | 6-May-13 | ' | ' | ' | ' | 5-Aug-13 | ' | ' | ' | ' | 5-Nov-13 | ' | ' | ' | ' | 4-Feb-14 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Distribution Made to Limited Partner, Distribution Date | ' | 13-Feb-12 | [1] | ' | ' | ' | ' | 15-May-12 | ' | ' | ' | ' | 14-Aug-12 | ' | ' | ' | ' | 14-Nov-12 | ' | ' | ' | ' | 14-Feb-13 | ' | ' | ' | ' | 15-May-13 | ' | ' | ' | ' | 14-Aug-13 | ' | ' | ' | ' | 14-Nov-13 | ' | ' | ' | ' | 14-Feb-14 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Distribution per unit | $0.07 | [1] | ' | ' | ' | ' | $0.37 | ' | ' | ' | ' | $0.38 | ' | ' | ' | ' | $0.39 | ' | ' | ' | ' | $0.40 | ' | ' | ' | ' | $0.43 | ' | ' | ' | ' | $0.44 | ' | ' | ' | ' | $0.45 | ' | ' | ' | ' | $0.47 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
General partner distributions | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $23 | [1] | $128 | $131 | $134 | $167 | $179 | $183 | $232 | $257 | |||||
Incentive distributions | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | [1] | 0 | 0 | 0 | 0 | 41 | 72 | 127 | 244 | |||||
Total distributions paid | ' | ' | 470 | [1] | 93 | [1] | 561 | [1] | ' | ' | 2,607 | 517 | 3,125 | ' | ' | 2,678 | 532 | 3,209 | ' | ' | 2,748 | 545 | 3,294 | ' | ' | 3,624 | 1,163 | 3,377 | ' | ' | 3,872 | 1,242 | 3,607 | ' | ' | 3,962 | 1,271 | 3,692 | ' | ' | 6,189 | 1,301 | 3,775 | ' | ' | 6,398 | 2,041 | 3,901 | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Partners' Capital Account, Distributions | $1,147 | [1] | ' | ' | ' | ' | $6,377 | ' | ' | ' | ' | $6,550 | ' | ' | ' | ' | $6,721 | ' | ' | ' | ' | $8,331 | ' | ' | ' | ' | $8,941 | ' | ' | ' | ' | $9,180 | ' | ' | ' | ' | $11,624 | ' | ' | ' | ' | $12,841 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
[1] | *Minimum quarterly distribution for quarter ended December 31, 2011 was prorated for the period beginning immediately after the closing of Rose Rockbs IPO, December 14, 2011 through December 31, 2011. |
Rose_Rock_Midstream_LP_Details3
Rose Rock Midstream, L.P. (Details 3) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
In Thousands, unless otherwise specified | ||||
Summarized Balance Sheet Information | ' | ' | ' | ' |
Other current assets | $14,011 | $18,516 | ' | ' |
Property, plant and equipment | 1,105,728 | 814,724 | ' | ' |
Equity method investments | 565,124 | 387,802 | ' | ' |
Goodwill | 62,021 | 9,884 | 9,453 | 107,823 |
Other noncurrent assets | 28,889 | 8,181 | ' | ' |
Total assets | 2,470,614 | 1,748,179 | ' | ' |
Current liabilities | 499,214 | 374,344 | ' | ' |
Long-term debt | 615,088 | 206,062 | ' | ' |
Noncontrolling interest in consolidated subsidiaries retained by SemGroup | 159,961 | 129,134 | ' | ' |
Total liabilities and ownersb equity | 2,470,614 | 1,748,179 | ' | ' |
Rose Rock Midstream L P [Member] | ' | ' | ' | ' |
Summarized Balance Sheet Information | ' | ' | ' | ' |
Cash | 15,459 | 108 | ' | ' |
Other current assets | 306,128 | 250,509 | ' | ' |
Property, plant and equipment | 311,616 | 291,530 | ' | ' |
Equity method investments | 224,095 | 0 | ' | ' |
Goodwill | 28,322 | 0 | ' | ' |
Other noncurrent assets | 11,627 | 2,579 | ' | ' |
Total assets | 897,247 | 544,726 | ' | ' |
Current liabilities | 293,031 | 231,843 | ' | ' |
Long-term debt | 245,088 | 4,562 | ' | ' |
Partnersb capital attributable to SemGroup | 120,610 | 179,187 | ' | ' |
Partnersb capital attributable to noncontrolling interests | 159,961 | 129,134 | ' | ' |
Noncontrolling interest in consolidated subsidiaries retained by SemGroup | 78,557 | 0 | ' | ' |
Total liabilities and ownersb equity | $897,247 | $544,726 | ' | ' |
Rose_Rock_Midstream_LP_Details4
Rose Rock Midstream, L.P. (Details 4) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Summarized Income Statement Information | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenue | $457,328 | $357,748 | $324,244 | $287,696 | $315,837 | $277,852 | $331,777 | $312,031 | $1,427,016 | $1,237,497 | $1,465,246 |
Costs of products sold | ' | ' | ' | ' | ' | ' | ' | ' | 1,020,100 | 874,885 | 1,144,439 |
Depreciation and amortization expense | ' | ' | ' | ' | ' | ' | ' | ' | 66,409 | 48,210 | 49,823 |
Earnings from equity method investments | 12,788 | 7,483 | 14,861 | 17,345 | 13,133 | 3,116 | 12,289 | 7,498 | 52,477 | 36,036 | 15,004 |
Net income (loss) | 6,599 | 3,135 | 7,512 | 48,566 | 22,976 | -432 | 7,243 | 2,110 | 65,812 | 31,897 | 2,812 |
Less: net income attributable to noncontrolling interests | 3,319 | 5,054 | 3,943 | 5,143 | 1,882 | 2,336 | 2,096 | 3,483 | 17,710 | 9,797 | 435 |
Net Income (Loss) Attributable to Parent | 3,280 | -1,919 | 3,569 | 43,423 | 21,094 | -2,768 | 5,147 | -1,373 | 48,102 | 22,100 | 2,377 |
Rose Rock Midstream L P [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Summarized Income Statement Information | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenue | ' | ' | ' | ' | ' | ' | ' | ' | 766,526 | 620,417 | 431,321 |
Costs of products sold | ' | ' | ' | ' | ' | ' | ' | ' | 663,759 | 546,966 | 366,265 |
Operating, general and administrative expenses | ' | ' | ' | ' | ' | ' | ' | ' | 51,082 | 35,385 | 28,816 |
Depreciation and amortization expense | ' | ' | ' | ' | ' | ' | ' | ' | 23,165 | 12,131 | 11,379 |
Earnings from equity method investments | ' | ' | ' | ' | ' | ' | ' | ' | 17,571 | 0 | 0 |
Net income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | 38,005 | 23,954 | 23,235 |
Less: net income attributable to noncontrolling interests | ' | ' | ' | ' | ' | ' | ' | ' | 1,256 | 0 | 0 |
Net Income (Loss) Attributable to Parent | ' | ' | ' | ' | ' | ' | ' | ' | $36,749 | $23,954 | $23,235 |
Investments_in_NonConsolidated1
Investments in Non-Consolidated Subsidiaries Investments in Non-Consolidated Subsidiaries (Investment Summary) (Details) (USD $) | 3 Months Ended | 12 Months Ended | 12 Months Ended | ||||||||||||||||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Nov. 01, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
White Cliffs Pipeline, LLC [Member] | White Cliffs Pipeline, LLC [Member] | White Cliffs Pipeline, LLC [Member] | Ngl Energy Partners Lp [Member] | Ngl Energy Partners Lp [Member] | Ngl Energy Partners Lp [Member] | Ngl Energy Partners Lp [Member] | Glass Mountain Pipeline Llc [Member] | Glass Mountain Pipeline Llc [Member] | Glass Mountain Pipeline Llc [Member] | Return of and return on capital [Member] | Return of and return on capital [Member] | Return of and return on capital [Member] | |||||||||||||
Schedule of Equity Method Investments [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |
Distributions from equity investments | ' | ' | ' | ' | ' | ' | ' | ' | $63,651 | $36,440 | $15,004 | $57,576 | $44,514 | $27,459 | $18,321 | $9,217 | $0 | ' | $0 | $0 | $0 | $75,897 | $53,731 | $27,459 | |
Earnings from equity method investments | 12,788 | 7,483 | 14,861 | 17,345 | 13,133 | 3,116 | 12,289 | 7,498 | 52,477 | 36,036 | 15,004 | 45,459 | 36,439 | 15,004 | 7,123 | [1] | -403 | 0 | ' | -105 | 0 | 0 | ' | ' | ' |
Equity method investments | $565,124 | ' | ' | ' | $387,802 | ' | ' | ' | $565,124 | $387,802 | ' | $224,095 | $138,970 | ' | $208,848 | $174,398 | ' | $184,000 | $132,181 | $74,434 | ' | ' | ' | ' | |
[1] | * Excluding gain on issuance of common units of $26.9 million. |
Recovered_Sheet2
Investments In Non-Consolidated Subsidiaries (Balance Sheet Disclosure) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
In Thousands, unless otherwise specified | White Cliffs Pipeline, LLC [Member] | White Cliffs Pipeline, LLC [Member] | Ngl Energy Partners Lp [Member] | Ngl Energy Partners Lp [Member] |
Current assets | $98,457 | $21,508 | $1,013,859 | $736,297 |
Property, plant and equipment, net | 312,831 | 210,710 | 631,663 | 425,641 |
Goodwill | 17,000 | 17,000 | 840,287 | 515,881 |
Other intangible assets, net | 20,802 | 26,369 | 540,684 | 351,600 |
Total assets | 449,090 | 275,587 | 3,026,493 | 2,029,419 |
Current liabilities | 9,648 | 3,412 | 800,658 | 653,101 |
Long-term debt | ' | ' | 906,066 | 569,903 |
Other noncurrent liabilities | ' | ' | 2,673 | 2,599 |
Membersb equity | 439,442 | 272,175 | 1,317,096 | 803,816 |
Total liabilities and membersb equity | $449,090 | $275,587 | $3,026,493 | $2,029,419 |
Investments_in_NonConsolidated2
Investments in Non-Consolidated Subsidiaries (Income Statement Disclosure) (Details) (USD $) | 12 Months Ended | |||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Sep. 30, 2013 | Sep. 30, 2012 |
White Cliffs Pipeline, LLC [Member] | White Cliffs Pipeline, LLC [Member] | White Cliffs Pipeline, LLC [Member] | Ngl Energy Partners Lp [Member] | Ngl Energy Partners Lp [Member] | ||||
Summarized income statement information | ' | ' | ' | ' | ' | ' | ' | ' |
Revenue | ' | ' | ' | $133,310 | $108,125 | $66,097 | $5,935,715 | $2,371,524 |
Costs of products sold | 1,020,100 | 874,885 | 1,144,439 | ' | ' | ' | 5,478,361 | 2,182,263 |
Operating, general and administrative expenses | ' | ' | ' | 23,825 | 14,821 | 12,746 | 276,905 | 125,889 |
Depreciation and amortization expense | ' | ' | ' | 18,668 | 19,963 | 20,842 | 94,050 | 34,621 |
Net income | ' | ' | ' | $90,817 | $73,341 | $32,509 | $44,378 | $5,405 |
Investments_in_NonConsolidated3
Investments in Non-Consolidated Subsidiaries (Details Textual) (USD $) | 3 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | 12 Months Ended | ||||||||||||||||||||||||||||||||||||||
Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Mar. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Sep. 30, 2013 | Nov. 01, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Sep. 30, 2013 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2012 | ||
White Cliffs Pipeline, LLC [Member] | White Cliffs Pipeline, LLC [Member] | White Cliffs Pipeline, LLC [Member] | Ngl Energy Partners Lp [Member] | Glass Mountain Pipeline LLC [Member] | SemStream [Member] | SemStream [Member] | SemStream [Member] | Crude [Member] | Crude [Member] | Crude [Member] | Subsequent Event [Member] | Glass Mountain Pipeline Llc [Member] | Glass Mountain Pipeline Llc [Member] | Glass Mountain Pipeline Llc [Member] | Glass Mountain Pipeline Llc [Member] | Ngl Energy Partners Lp [Member] | Ngl Energy Partners Lp [Member] | Ngl Energy Partners Lp [Member] | Ngl Energy Partners Lp [Member] | Ngl Energy Partners Lp [Member] | White Cliffs Pipeline, LLC [Member] | White Cliffs Pipeline, LLC [Member] | White Cliffs Pipeline, LLC [Member] | White Cliffs Pipeline, LLC [Member] | Partnership Interest [Member] | Partnership Interest [Member] | Limited Partner [Member] | Limited Partner [Member] | General Partner [Member] | General Partner [Member] | General Partner [Member] | ||||||||||||||
mi | Crude [Member] | in | Crude [Member] | Glass Mountain Pipeline Llc [Member] | Glass Mountain Pipeline Llc [Member] | Ngl Energy Partners Lp [Member] | Partnership Interest [Member] | Ngl Energy Partners Lp [Member] | Ngl Energy Partners Lp [Member] | Ngl Energy Partners Lp [Member] | |||||||||||||||||||||||||||||||||||
mi | mi | Co-venturer [Member] | SemStream [Member] | Ngl Energy Partners Lp [Member] | SemStream [Member] | SemStream [Member] | SemStream [Member] | ||||||||||||||||||||||||||||||||||||||
SemStream [Member] | |||||||||||||||||||||||||||||||||||||||||||||
Business Acquisition, Equity Interests Issued or Issuable [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |
Accumulated Capitalized Interest Costs | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $3,700,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |
Margin deposits | 838,000 | ' | ' | ' | 1,850,000 | ' | ' | ' | 838,000 | 1,850,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |
Investment in Non Consolidated Subsidiaries (Textual) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |
Gain on issuance of common units by equity method investee | 26,873,000 | 0 | 0 | 0 | ' | ' | ' | ' | 26,873,000 | 0 | 0 | ' | ' | ' | ' | ' | ' | 26,873,000 | ' | ' | 0 | ' | ' | 8,100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |
Width of Pipeline | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 12 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |
Total estimated project costs | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 300,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |
Project funding contributions | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 95,500,000 | 2,300,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | |
General and administrative expenses | ' | ' | ' | ' | ' | ' | ' | ' | 78,597,000 | 71,918,000 | 75,447,000 | ' | 1,800,000 | 2,000,000 | 3,200,000 | ' | ' | 600,000 | 930,000 | 7,336,000 | 16,766,000 | 13,321,000 | 9,757,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |
Limited partner units owned | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 9,133,409 | ' | ' | ' | ' | |
Common units representing limited partner interests | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 71,216,230 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |
Percentage of ownership interest | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 50.00% | ' | ' | ' | ' | ' | 51.00% | ' | ' | 51.00% | 50.00% | 50.00% | ' | 12.80% | 11.78% | 11.78% | 6.42% | |
Estimated project contributions in 2013 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 53,300,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |
Value of common units acquired | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 315,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |
Length of pipeline network (in miles) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 624 | ' | ' | ' | ' | ' | ' | 210 | ' | ' | ' | ' | ' | ' | ' | ' | 527 | ' | ' | ' | ' | ' | ' | ' | |
Share Price | $65.23 | ' | ' | ' | ' | ' | ' | ' | $65.23 | ' | ' | ' | ' | ' | ' | $34.50 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |
Equity method investments | 565,124,000 | ' | ' | ' | 387,802,000 | ' | ' | ' | 565,124,000 | 387,802,000 | ' | ' | ' | ' | ' | ' | ' | 208,848,000 | 174,398,000 | ' | 356,276,000 | 213,404,000 | ' | ' | 132,181,000 | 74,434,000 | ' | ' | 208,848,000 | 174,398,000 | ' | ' | 184,000,000 | 224,095,000 | 138,970,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | |
Partners' Capital Account, Contributions | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 57,800,000 | 74,400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |
Earnings from equity method investments | 12,788,000 | 7,483,000 | 14,861,000 | 17,345,000 | 13,133,000 | 3,116,000 | 12,289,000 | 7,498,000 | 52,477,000 | 36,036,000 | 15,004,000 | ' | ' | ' | ' | ' | ' | 7,123,000 | -403,000 | 0 | 45,354,000 | 36,439,000 | 15,004,000 | ' | -105,000 | 0 | 0 | ' | 7,123,000 | [1] | -403,000 | 0 | ' | ' | 45,459,000 | 36,439,000 | 15,004,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Additional cash capital contribution | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 9,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |
Goodwill | $62,021,000 | ' | ' | ' | $9,884,000 | ' | ' | ' | $62,021,000 | $9,884,000 | $9,453,000 | $107,823,000 | ' | ' | ' | ' | ' | ' | ' | ' | $28,322,000 | $0 | ' | ' | $31,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | $8,700,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |
[1] | * Excluding gain on issuance of common units of $26.9 million. |
Acquisitions_Details
Acquisitions (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Aug. 01, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Aug. 01, 2013 |
In Thousands, unless otherwise specified | Mid-America Midstream Gas Services, LLC [Member] | SemGas [Member] | SemGas [Member] | SemGas [Member] | ||||
Mid-America Midstream Gas Services, LLC [Member] | ||||||||
Business Acquisition [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Property, plant, and equipment acquired | ' | ' | ' | ' | $123,316 | ' | ' | ' |
Customer contract intangible asset acquired | ' | ' | ' | ' | 166,332 | ' | ' | ' |
Goodwill acquired | 62,021 | 9,884 | 9,453 | 107,823 | ' | 23,839 | 0 | 23,839 |
Total assets acquired | ' | ' | ' | ' | $313,487 | ' | ' | ' |
Acquisitions_Details_1
Acquisitions (Details 1) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Sep. 02, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Sep. 02, 2013 |
In Thousands, unless otherwise specified | Barcas Field Services, LLC [Member] | Crude [Member] | Crude [Member] | Crude [Member] | ||||
Barcas Field Services, LLC [Member] | ||||||||
Business Acquisition [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Property, plant, and equipment acquired | ' | ' | ' | ' | $13,717 | ' | ' | ' |
Customer contract intangible asset acquired | ' | ' | ' | ' | 6,930 | ' | ' | ' |
Goodwill acquired | 62,021 | 9,884 | 9,453 | 107,823 | ' | 28,322 | 0 | 28,322 |
Total assets acquired | ' | ' | ' | ' | $48,969 | ' | ' | ' |
Acquisitions_Details_Textual
Acquisitions (Details Textual) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Aug. 01, 2013 | Sep. 02, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Nov. 01, 2011 | Aug. 01, 2013 | Aug. 01, 2013 | Dec. 31, 2013 | Aug. 01, 2013 | Dec. 31, 2013 | Jun. 30, 2012 | Dec. 31, 2013 | Nov. 01, 2011 | Sep. 30, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Sep. 30, 2013 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2012 | Nov. 01, 2011 | Aug. 06, 2013 |
Mid-America Midstream Gas Services, LLC [Member] | Mid-America Midstream Gas Services, LLC [Member] | Barcas Field Services, LLC [Member] | Glass Mountain Pipeline Llc [Member] | Glass Mountain Pipeline Llc [Member] | Ngl Energy Partners Lp [Member] | Ngl Energy Partners Lp [Member] | Ngl Energy Partners Lp [Member] | Rose Valley I plant [Member] | Rose Valley II plant [Member] | Gathering and processing agreement [Member] | Gathering and processing agreement [Member] | Partnership Interest [Member] | Common Units [Member] | Computer system not purchased [Member] | Acquisitions [Member] | Additional interest acquired [Member] | Senior Notes [Member] | SemStream [Member] | SemStream [Member] | SemStream [Member] | SemStream [Member] | SemStream [Member] | SemStream [Member] | SemStream [Member] | SemStream [Member] | SemStream [Member] | |||
acre | Trucks | Mid-America Midstream Gas Services, LLC [Member] | Mid-America Midstream Gas Services, LLC [Member] | Mid-America Midstream Gas Services, LLC [Member] | Mid-America Midstream Gas Services, LLC [Member] | Glass Mountain Pipeline Llc [Member] | Ngl Energy Partners Lp [Member] | Barcas Field Services, LLC [Member] | Common Units [Member] | Partnership Interest [Member] | Limited Partner [Member] | Limited Partner [Member] | General Partner [Member] | General Partner [Member] | General Partner [Member] | General Partner [Member] | General Partner [Member] | ||||||||||||
mi | Trailers | MMcf | MMcf | Ngl Energy Partners Lp [Member] | Glass Mountain Pipeline Llc [Member] | Ngl Energy Partners Lp [Member] | Partnership Interest [Member] | Ngl Energy Partners Lp [Member] | Ngl Energy Partners Lp [Member] | Ngl Energy Partners Lp [Member] | Acquisitions [Member] | Additional interest acquired [Member] | |||||||||||||||||
Ngl Energy Partners Lp [Member] | Ngl Energy Partners Lp [Member] | Ngl Energy Partners Lp [Member] | |||||||||||||||||||||||||||
Business Acquisition [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Limited partner units owned | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 8,932,031 | ' | ' | ' | ' | 9,133,409 | ' | ' | ' | ' | ' | ' |
Payments to acquire businesses | ' | ' | $313,487,000 | ' | $48,969,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Transaction costs expensed | ' | ' | 3,600,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Length of gathering pipeline acquired | ' | ' | ' | 200 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Processing capacity | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 200 | 200 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net acre dedication acquired | ' | ' | ' | 540,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Contract tenor | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '20 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of contract which is fee based | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Post-acquisition capital expenditures related to acquisition | ' | ' | ' | 125,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Trucks purchased | ' | ' | ' | ' | 114 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Trailers purchased | ' | ' | ' | ' | 120 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Equity method investments | 565,124,000 | 387,802,000 | ' | ' | ' | 132,181,000 | 74,434,000 | 208,848,000 | 174,398,000 | 184,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 208,848,000 | 174,398,000 | ' | ' | ' | ' | ' | ' | ' |
Number of common units received due to dilution | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 201,378 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Equity method investment, ownership percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 50.00% | ' | ' | ' | 25.00% | ' | ' | ' | ' | 12.80% | 11.78% | 11.78% | 6.42% | 7.50% | 5.36% |
Senior notes | 300,000,000 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt instrument, interest rate stated percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 7.50% | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Change in acquisition price | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $1,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Recovered_Sheet3
Disposals and Impairments of Long-Lived Assets (Details) (USD $) | 12 Months Ended | 1 Months Ended | 12 Months Ended | ||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2012 | Sep. 30, 2010 | Dec. 31, 2012 | Dec. 31, 2012 | ||
SemStream Arizona Residential Propane Business [Member] | Crude [Member] | SemStream [Member] | Loss (gain) on impairment or disposal of long-lived assets, net [Member] | ||||||
SemStream [Member] | White Cliffs Pipeline, LLC [Member] | SemStream Arizona Residential Propane Business [Member] | Crude [Member] | ||||||
White Cliffs Pipeline, LLC [Member] | |||||||||
Gain (loss) on deconsolidation, pre-tax | ' | ' | ' | ' | ($6,800) | ' | $3,500 | [1] | |
Property, plant and equipment | ' | ' | ' | 9,400 | ' | ' | ' | ||
Cash proceeds from divestiture | 0 | 12,250 | 93,054 | ' | ' | 12,300 | ' | ||
Gain (loss) on disposal of discontinued operation, pre-tax | ' | ' | ' | ' | ' | $3,090 | [2] | ' | |
[1] | We sold a portion of our ownership interest in White Cliffs during September 2010. At the time, we recorded a loss of $6.8 million on disposal of that asset. In September 2012, we reached a settlement in a dispute concerning the selling price of that ownership interest and reduced the loss by $3.5 million. This $3.5 million gain is reported in "gain on disposal or impairment of long-lived assets, net" in the consolidated statements of operations and comprehensive income (loss). | ||||||||
[2] | On September 12, 2012, we entered into a definitive agreement to sell the assets and liabilities of SemStreambs Arizona residential business which was subject to regulatory approval by the Arizona Corporation Commission (the "ACC"). In early December 2012, the ACC granted SemStream regulatory approval to proceed with the sale. The sale closed on December 31, 2012 and resulted in a gain of $3.1 million on a cash sales price of $12.3 million. The $3.1 million gain is reported in "income from discontinued operations, net of income taxes" in the consolidated statement of operations and comprehensive income (loss). Property, plant, and equipment with a carrying value of $9.4 million represented the majority of assets included in the sale. |
Disposals_And_Impairments_of_L2
Disposals And Impairments of Long-Lived Assets (Details 1) (USD $) | 12 Months Ended | |
Dec. 31, 2011 | ||
Loss on goodwill impairment, pre-tax | ($47,804,000) | |
SemStream [Member] | SemStream [Member] | ' | |
Gain on contribution of SemStream assets to NGL energy, pre-tax | 44,300,000 | |
SemStream Arizona Residential Propane Business [Member] | SemStream [Member] | ' | |
Gain (Loss) on disposal or impairment of long-lived assets, net, pre-tax | -8,684,000 | [1] |
Loss on goodwill impairment, pre-tax | -3,600,000 | |
Loss (gain) on impairment or disposal of long-lived assets, net [Member] | SemLogistics [Member] | ' | |
Loss on goodwill impairment, pre-tax | -44,663,000 | [2] |
Loss (gain) on impairment or disposal of long-lived assets, net [Member] | SemStream [Member] | SemStream [Member] | ' | |
Gain on contribution of SemStream assets to NGL energy, pre-tax | $44,266,000 | [3] |
[1] | We test all of our goodwill for impairment as of OctoberB 1 of each year. Upon completing this impairment test for 2011, we concluded that the goodwill and other intangible assets attributable to the Arizona residential business of our SemStream segment (which was not contributed to NGL Energy) were impaired. To calculate the impairment loss, we estimated the fair value of this reporting unit using the present value of estimated future cash flows, discounted at a rate of 9.4%, and recorded a full impairment of the $3.6 million balance of goodwill and the $5.0 million balance of other intangible assets associated with customer relationships. No impairment was recorded related to the regulated assets of the Arizona residential business in accordance with ASC 980, "Regulated Operations". | |
[2] | High crude oil prices and backwardated market conditions in 2011 had a negative effect on SemLogisticbs storage economics. As a result, the demand for storage is depressed and SemLogistics has had difficulty securing contract renewals. SemLogistics successfully passed the initial 2011 goodwill impairment test. However, a review of the sensitivity of the test results indicated that a ten percent reduction in the estimated revenue in 2012 and 2013 would result in a test failure. In addition, we received notice in late January 2012 from two customers that their intentions were not to renew their storage contracts upon expiration. These notifications, coupled with the sensitivity of the test results to loss of revenue, led us to conclude that impairment of the goodwill of SemLogistics was required. Accordingly, we impaired the full amount of goodwill which was $44.7 million at OctoberB 1, 2011. | |
[3] | On NovemberB 1, 2011, we contributed certain assets and liabilities of our SemStream segment to NGL Energy. On that date these assets and liabilities had the net book values (in thousands) below. However, these values were subject to post closing adjustments, which have since been completed, and resulted in a $2.1 million working capital adjustment.Inventory$107,858Other current assets11,263Property plant and equipment47,756Goodwill50,071Other intangible assets12,408Other noncurrent assets2,818Other current liabilities(2,947)Other noncurrent liabilities(172)Net assets contributed$229,055In return for this contribution, we received $93.0 million of cash and ownership interests in NGL Energy and its general partner with an estimated fair value of $184.0 million. We recorded a gain of $44.3 million on this transaction, which includes the impact of a $2.1 million working capital adjustment and the write-off of $1.6 million of software. Additionally, $2.2 million of capitalized loan fees were written-off as a result of long-term debt payments made from the proceeds of this transaction. |
Disposals_And_Impairments_of_L3
Disposals And Impairments of Long-Lived Assets (Details 2) (SemStream [Member], SemStream [Member], USD $) | Nov. 01, 2011 |
In Thousands, unless otherwise specified | |
SemStream [Member] | SemStream [Member] | ' |
Inventory | $107,858 |
Other current assets | 11,263 |
Property, plant and equipment | 47,756 |
Goodwill | 50,071 |
Other intangible assets | 12,408 |
Other noncurrent assets | 2,818 |
Other current liabilities | -2,947 |
Other noncurrent liabilities | -172 |
Net assets contributed | $229,055 |
Disposals_And_Impairments_of_L4
Disposals And Impairments of Long-Lived Assets (Details 3) (USD $) | 12 Months Ended |
In Thousands, unless otherwise specified | Dec. 31, 2011 |
Loss on goodwill impairment, pre-tax | ($47,804) |
Disposals_And_Impairments_of_L5
Disposals And Impairments of Long-Lived Assets (Details 4) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
In Thousands, unless otherwise specified | ||||
Goodwill | $62,021 | $9,884 | $9,453 | $107,823 |
Disposals_And_Impairments_of_L6
Disposals And Impairments of Long-Lived Assets (Details Textual) (USD $) | 12 Months Ended | 12 Months Ended | 12 Months Ended | |||||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2011 | Dec. 31, 2011 | Dec. 31, 2011 | Oct. 02, 2011 | Dec. 31, 2011 | Nov. 01, 2011 | |
SemStream [Member] | SemStream [Member] | SemLogistics [Member] | SemLogistics [Member] | SemStream [Member] | SemStream [Member] | |||||
SemStream Arizona Residential Propane Business [Member] | Customer | |||||||||
Loss on goodwill impairment, pre-tax | ' | ' | ($47,804,000) | ' | ' | ($3,600,000) | ' | ' | ' | ' |
Working capital adjustment | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,100,000 |
Cash proceeds from divestiture | 0 | 12,250,000 | 93,054,000 | ' | ' | ' | ' | ' | 93,000,000 | ' |
Estimated fair value | ' | ' | ' | ' | ' | ' | ' | ' | 184,000,000 | ' |
Gain on contribution of SemStream assets to NGL energy, pre-tax | ' | ' | ' | ' | ' | ' | ' | ' | 44,300,000 | ' |
Write-off of software | ' | ' | ' | ' | 1,600,000 | ' | ' | ' | ' | ' |
Write-off capitalized loan fees | ' | ' | ' | ' | 2,200,000 | ' | ' | ' | ' | ' |
Present value of estimated future cash flows, discounted rate | ' | ' | ' | ' | ' | 9.40% | ' | ' | ' | ' |
Impairment of intangible assets | ' | ' | ' | ' | ' | 5,000,000 | ' | ' | ' | ' |
Impairment of long-lived assets held-for-use | ' | ' | ' | ' | ' | 0 | ' | ' | ' | ' |
Number of customers | ' | ' | ' | ' | ' | ' | 2 | ' | ' | ' |
Goodwill | $62,021,000 | $9,884,000 | $9,453,000 | $107,823,000 | ' | ' | ' | $44,700,000 | ' | ' |
Discontinued_Operations_Detail
Discontinued Operations (Details) (USD $) | 3 Months Ended | 12 Months Ended | ||||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Income (loss) from discontinued operations, net of income taxes | ($6) | ($2) | $35 | $32 | $3,392 | ($264) | ($441) | $252 | $59 | $2,939 | ($9,548) | |
Discontinued Operations [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |
External revenue | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 13,518 | 14,264 | |
Gain (loss) on disposal of discontinued operation, pre-tax | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 3,090 | -9,196 | |
Income (loss) from discontinued operations before income taxes | ' | ' | ' | ' | ' | ' | ' | ' | 59 | 2,935 | -9,652 | |
Income tax expense | ' | ' | ' | ' | ' | ' | ' | ' | 0 | -4 | -104 | |
Income (loss) from discontinued operations, net of income taxes | ' | ' | ' | ' | ' | ' | ' | ' | 59 | 2,939 | -9,548 | |
SemStream [Member] | SemStream Arizona Residential Propane Business [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |
Gain (loss) on disposal of discontinued operation, pre-tax | ' | ' | ' | ' | ' | ' | ' | ' | ' | $3,090 | [1] | ' |
[1] | On September 12, 2012, we entered into a definitive agreement to sell the assets and liabilities of SemStreambs Arizona residential business which was subject to regulatory approval by the Arizona Corporation Commission (the "ACC"). In early December 2012, the ACC granted SemStream regulatory approval to proceed with the sale. The sale closed on December 31, 2012 and resulted in a gain of $3.1 million on a cash sales price of $12.3 million. The $3.1 million gain is reported in "income from discontinued operations, net of income taxes" in the consolidated statement of operations and comprehensive income (loss). Property, plant, and equipment with a carrying value of $9.4 million represented the majority of assets included in the sale. |
Segments_Details
Segments (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Segment Reporting Information | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenue | $457,328 | $357,748 | $324,244 | $287,696 | $315,837 | $277,852 | $331,777 | $312,031 | $1,427,016 | $1,237,497 | $1,465,246 |
Costs of products sold, exclusive of depreciation and amortization shown below | ' | ' | ' | ' | ' | ' | ' | ' | 1,020,100 | 874,885 | 1,144,439 |
Operating | ' | ' | ' | ' | ' | ' | ' | ' | 223,585 | 224,700 | 155,041 |
General and administrative | ' | ' | ' | ' | ' | ' | ' | ' | 78,597 | 71,918 | 75,447 |
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | 66,409 | 48,210 | 49,823 |
Gain (Loss) on Sale of Assets and Asset Impairment Charges | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -301 |
Loss (gain) on disposal or impairment of long-lived assets, net | -109 | 408 | -376 | -162 | -35 | -3,615 | 119 | 0 | -239 | -3,531 | 301 |
Total expenses | 448,687 | 345,387 | 311,727 | 282,651 | 306,885 | 267,343 | 330,887 | 311,067 | 1,388,452 | 1,216,182 | 1,425,051 |
Earnings from equity method investments | 12,788 | 7,483 | 14,861 | 17,345 | 13,133 | 3,116 | 12,289 | 7,498 | 52,477 | 36,036 | 15,004 |
Gain on issuance of common units by equity method investee | 26,873 | 0 | 0 | 0 | ' | ' | ' | ' | 26,873 | 0 | 0 |
Operating income (loss) | 48,302 | 19,844 | 27,378 | 22,390 | 22,085 | 13,625 | 13,179 | 8,462 | 117,914 | 57,351 | 55,199 |
Interest expense (income) | ' | ' | ' | ' | ' | ' | ' | ' | 25,142 | 8,902 | 60,138 |
Other expense (income), net | ' | ' | ' | ' | ' | ' | ' | ' | 44,273 | 21,569 | -14,989 |
Total other expenses, net | 17,646 | 13,294 | 10,613 | 27,862 | 5,567 | 11,701 | 5,587 | 7,616 | 69,415 | 30,471 | 45,149 |
Income (loss) from continuing operations before income taxes | 30,656 | 6,550 | 16,765 | -5,472 | 16,518 | 1,924 | 7,592 | 846 | 48,499 | 26,880 | 10,050 |
Additions to long-lived assets | ' | ' | ' | ' | ' | ' | ' | ' | 229,318 | 121,255 | 66,480 |
Total assets | 2,470,614 | ' | ' | ' | 1,748,179 | ' | ' | ' | 2,470,614 | 1,748,179 | ' |
Equity method investments | 565,124 | ' | ' | ' | 387,802 | ' | ' | ' | 565,124 | 387,802 | ' |
SemStream [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenue | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 7 | 608,334 |
Costs of products sold, exclusive of depreciation and amortization shown below | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 33 | 595,434 |
Operating | ' | ' | ' | ' | ' | ' | ' | ' | 1 | -37 | 6,448 |
General and administrative | ' | ' | ' | ' | ' | ' | ' | ' | 600 | 930 | 7,336 |
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 3,501 |
Gain (Loss) on Sale of Assets and Asset Impairment Charges | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 45,821 |
Loss (gain) on disposal or impairment of long-lived assets, net | ' | ' | ' | ' | ' | ' | ' | ' | 6 | 214 | ' |
Total expenses | ' | ' | ' | ' | ' | ' | ' | ' | 607 | 1,140 | 566,898 |
Earnings from equity method investments | ' | ' | ' | ' | ' | ' | ' | ' | 7,123 | -403 | 0 |
Gain on issuance of common units by equity method investee | ' | ' | ' | ' | ' | ' | ' | ' | 26,873 | ' | ' |
Operating income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | 33,389 | -1,536 | 41,436 |
Interest expense (income) | ' | ' | ' | ' | ' | ' | ' | ' | -4,810 | -3,449 | 17,152 |
Other expense (income), net | ' | ' | ' | ' | ' | ' | ' | ' | 128 | -21 | -2,112 |
Total other expenses, net | ' | ' | ' | ' | ' | ' | ' | ' | -4,682 | -3,470 | 15,040 |
Income (loss) from continuing operations before income taxes | ' | ' | ' | ' | ' | ' | ' | ' | 38,071 | 1,934 | 26,396 |
Additions to long-lived assets | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 2,197 |
Total assets | 208,847 | ' | ' | ' | 175,028 | ' | ' | ' | 208,847 | 175,028 | ' |
Equity method investments | 208,848 | ' | ' | ' | 174,398 | ' | ' | ' | 208,848 | 174,398 | ' |
SemCAMS [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenue | ' | ' | ' | ' | ' | ' | ' | ' | 198,450 | 223,219 | 163,367 |
Costs of products sold, exclusive of depreciation and amortization shown below | ' | ' | ' | ' | ' | ' | ' | ' | 305 | 768 | 218 |
Operating | ' | ' | ' | ' | ' | ' | ' | ' | 150,319 | 174,284 | 110,814 |
General and administrative | ' | ' | ' | ' | ' | ' | ' | ' | 14,940 | 14,020 | 16,816 |
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | 10,766 | 10,589 | 10,233 |
Gain (Loss) on Sale of Assets and Asset Impairment Charges | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 8 |
Loss (gain) on disposal or impairment of long-lived assets, net | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' |
Total expenses | ' | ' | ' | ' | ' | ' | ' | ' | 176,330 | 199,661 | 138,073 |
Earnings from equity method investments | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Gain on issuance of common units by equity method investee | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' |
Operating income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | 22,120 | 23,558 | 25,294 |
Interest expense (income) | ' | ' | ' | ' | ' | ' | ' | ' | 18,928 | 18,727 | 24,685 |
Other expense (income), net | ' | ' | ' | ' | ' | ' | ' | ' | -20 | 14 | -2,811 |
Total other expenses, net | ' | ' | ' | ' | ' | ' | ' | ' | 18,908 | 18,741 | 21,874 |
Income (loss) from continuing operations before income taxes | ' | ' | ' | ' | ' | ' | ' | ' | 3,212 | 4,817 | 3,420 |
Additions to long-lived assets | ' | ' | ' | ' | ' | ' | ' | ' | 56,122 | 13,340 | 4,874 |
Total assets | 306,001 | ' | ' | ' | 302,143 | ' | ' | ' | 306,001 | 302,143 | ' |
Equity method investments | 0 | ' | ' | ' | 0 | ' | ' | ' | 0 | 0 | ' |
SemGas [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenue | ' | ' | ' | ' | ' | ' | ' | ' | 231,119 | 127,870 | 105,248 |
Costs of products sold, exclusive of depreciation and amortization shown below | ' | ' | ' | ' | ' | ' | ' | ' | 169,800 | 100,677 | 75,066 |
Operating | ' | ' | ' | ' | ' | ' | ' | ' | 20,200 | 12,712 | 9,027 |
General and administrative | ' | ' | ' | ' | ' | ' | ' | ' | 7,971 | 6,195 | 6,521 |
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | 14,517 | 7,043 | 5,986 |
Gain (Loss) on Sale of Assets and Asset Impairment Charges | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -4 |
Loss (gain) on disposal or impairment of long-lived assets, net | ' | ' | ' | ' | ' | ' | ' | ' | 665 | 46 | ' |
Total expenses | ' | ' | ' | ' | ' | ' | ' | ' | 213,153 | 126,673 | 96,604 |
Earnings from equity method investments | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Gain on issuance of common units by equity method investee | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' |
Operating income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | 17,966 | 1,197 | 8,644 |
Interest expense (income) | ' | ' | ' | ' | ' | ' | ' | ' | 3,268 | 1,461 | 2,346 |
Other expense (income), net | ' | ' | ' | ' | ' | ' | ' | ' | -3 | 0 | -10 |
Total other expenses, net | ' | ' | ' | ' | ' | ' | ' | ' | 3,265 | 1,461 | 2,336 |
Income (loss) from continuing operations before income taxes | ' | ' | ' | ' | ' | ' | ' | ' | 14,701 | -264 | 6,308 |
Additions to long-lived assets | ' | ' | ' | ' | ' | ' | ' | ' | 97,021 | 47,140 | 14,952 |
Total assets | 552,095 | ' | ' | ' | 133,864 | ' | ' | ' | 552,095 | 133,864 | ' |
Equity method investments | 0 | ' | ' | ' | 0 | ' | ' | ' | 0 | 0 | ' |
SemLogistics [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenue | ' | ' | ' | ' | ' | ' | ' | ' | 11,671 | 12,341 | 23,314 |
Costs of products sold, exclusive of depreciation and amortization shown below | ' | ' | ' | ' | ' | ' | ' | ' | 380 | 196 | 152 |
Operating | ' | ' | ' | ' | ' | ' | ' | ' | 7,444 | 5,921 | 6,206 |
General and administrative | ' | ' | ' | ' | ' | ' | ' | ' | 5,854 | 5,652 | 6,712 |
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | 9,426 | 9,780 | 9,271 |
Gain (Loss) on Sale of Assets and Asset Impairment Charges | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -44,663 |
Loss (gain) on disposal or impairment of long-lived assets, net | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' |
Total expenses | ' | ' | ' | ' | ' | ' | ' | ' | 23,104 | 21,549 | 67,004 |
Earnings from equity method investments | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Gain on issuance of common units by equity method investee | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' |
Operating income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | -11,433 | -9,208 | -43,690 |
Interest expense (income) | ' | ' | ' | ' | ' | ' | ' | ' | 1,435 | 2,486 | 1,005 |
Other expense (income), net | ' | ' | ' | ' | ' | ' | ' | ' | -400 | -420 | 46 |
Total other expenses, net | ' | ' | ' | ' | ' | ' | ' | ' | 1,035 | 2,066 | 1,051 |
Income (loss) from continuing operations before income taxes | ' | ' | ' | ' | ' | ' | ' | ' | -12,468 | -11,274 | -44,741 |
Additions to long-lived assets | ' | ' | ' | ' | ' | ' | ' | ' | 2,071 | 1,188 | 5,313 |
Total assets | 168,835 | ' | ' | ' | 174,218 | ' | ' | ' | 168,835 | 174,218 | ' |
Equity method investments | 0 | ' | ' | ' | 0 | ' | ' | ' | 0 | 0 | ' |
SemMexico [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenue | ' | ' | ' | ' | ' | ' | ' | ' | 242,559 | 263,870 | 218,187 |
Costs of products sold, exclusive of depreciation and amortization shown below | ' | ' | ' | ' | ' | ' | ' | ' | 209,841 | 236,851 | 192,068 |
Operating | ' | ' | ' | ' | ' | ' | ' | ' | 9,379 | 7,677 | 5,006 |
General and administrative | ' | ' | ' | ' | ' | ' | ' | ' | 10,700 | 9,433 | 11,560 |
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | 5,991 | 6,171 | 6,502 |
Gain (Loss) on Sale of Assets and Asset Impairment Charges | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 200 |
Loss (gain) on disposal or impairment of long-lived assets, net | ' | ' | ' | ' | ' | ' | ' | ' | -854 | -290 | ' |
Total expenses | ' | ' | ' | ' | ' | ' | ' | ' | 235,057 | 259,842 | 214,936 |
Earnings from equity method investments | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Gain on issuance of common units by equity method investee | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' |
Operating income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | 7,502 | 4,028 | 3,251 |
Interest expense (income) | ' | ' | ' | ' | ' | ' | ' | ' | 188 | 314 | 365 |
Other expense (income), net | ' | ' | ' | ' | ' | ' | ' | ' | -652 | -38 | -173 |
Total other expenses, net | ' | ' | ' | ' | ' | ' | ' | ' | -464 | 276 | 192 |
Income (loss) from continuing operations before income taxes | ' | ' | ' | ' | ' | ' | ' | ' | 7,966 | 3,752 | 3,059 |
Additions to long-lived assets | ' | ' | ' | ' | ' | ' | ' | ' | 6,375 | 3,396 | 4,667 |
Total assets | 104,154 | ' | ' | ' | 94,594 | ' | ' | ' | 104,154 | 94,594 | ' |
Equity method investments | 0 | ' | ' | ' | 0 | ' | ' | ' | 0 | 0 | ' |
Corporate and other [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenue | ' | ' | ' | ' | ' | ' | ' | ' | -23,985 | -10,607 | -84,525 |
Costs of products sold, exclusive of depreciation and amortization shown below | ' | ' | ' | ' | ' | ' | ' | ' | -23,985 | -10,606 | -84,764 |
Operating | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 70 |
General and administrative | ' | ' | ' | ' | ' | ' | ' | ' | 21,766 | 22,367 | 16,745 |
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | 2,001 | 2,496 | 2,951 |
Gain (Loss) on Sale of Assets and Asset Impairment Charges | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -1,599 |
Loss (gain) on disposal or impairment of long-lived assets, net | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' |
Total expenses | ' | ' | ' | ' | ' | ' | ' | ' | -218 | 14,257 | -63,399 |
Earnings from equity method investments | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Gain on issuance of common units by equity method investee | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' |
Operating income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | -23,767 | -24,864 | -21,126 |
Interest expense (income) | ' | ' | ' | ' | ' | ' | ' | ' | -8,790 | -10,228 | 10,836 |
Other expense (income), net | ' | ' | ' | ' | ' | ' | ' | ' | 45,234 | 22,003 | -8,329 |
Total other expenses, net | ' | ' | ' | ' | ' | ' | ' | ' | 36,444 | 11,775 | 2,507 |
Income (loss) from continuing operations before income taxes | ' | ' | ' | ' | ' | ' | ' | ' | -60,211 | -36,639 | -23,633 |
Additions to long-lived assets | ' | ' | ' | ' | ' | ' | ' | ' | 734 | 14,827 | 2,080 |
Total assets | 60,198 | ' | ' | ' | 97,192 | ' | ' | ' | 60,198 | 97,192 | ' |
Equity method investments | 0 | ' | ' | ' | 0 | ' | ' | ' | 0 | 0 | ' |
Crude [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenue | ' | ' | ' | ' | ' | ' | ' | ' | 767,202 | 620,797 | 431,321 |
Costs of products sold, exclusive of depreciation and amortization shown below | ' | ' | ' | ' | ' | ' | ' | ' | 663,759 | 546,966 | 366,265 |
Operating | ' | ' | ' | ' | ' | ' | ' | ' | 36,242 | 24,143 | 17,470 |
General and administrative | ' | ' | ' | ' | ' | ' | ' | ' | 16,766 | 13,321 | 9,757 |
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | 23,708 | 12,131 | 11,379 |
Gain (Loss) on Sale of Assets and Asset Impairment Charges | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -64 |
Loss (gain) on disposal or impairment of long-lived assets, net | ' | ' | ' | ' | ' | ' | ' | ' | -56 | -3,501 | ' |
Total expenses | ' | ' | ' | ' | ' | ' | ' | ' | 740,419 | 593,060 | 404,935 |
Earnings from equity method investments | ' | ' | ' | ' | ' | ' | ' | ' | 45,354 | 36,439 | 15,004 |
Gain on issuance of common units by equity method investee | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' |
Operating income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | 72,137 | 64,176 | 41,390 |
Interest expense (income) | ' | ' | ' | ' | ' | ' | ' | ' | 14,923 | -409 | 3,749 |
Other expense (income), net | ' | ' | ' | ' | ' | ' | ' | ' | -14 | 31 | -1,600 |
Total other expenses, net | ' | ' | ' | ' | ' | ' | ' | ' | 14,909 | -378 | 2,149 |
Income (loss) from continuing operations before income taxes | ' | ' | ' | ' | ' | ' | ' | ' | 57,228 | 64,554 | 39,241 |
Additions to long-lived assets | ' | ' | ' | ' | ' | ' | ' | ' | 66,995 | 41,364 | 32,397 |
Total assets | 1,070,484 | ' | ' | ' | 771,140 | ' | ' | ' | 1,070,484 | 771,140 | ' |
Equity method investments | 356,276 | ' | ' | ' | 213,404 | ' | ' | ' | 356,276 | 213,404 | ' |
Intersegment Eliminations [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenue | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Intersegment Eliminations [Member] | SemStream [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenue | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 46,738 |
Intersegment Eliminations [Member] | SemCAMS [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenue | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Intersegment Eliminations [Member] | SemGas [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenue | ' | ' | ' | ' | ' | ' | ' | ' | 23,985 | 10,606 | 38,588 |
Intersegment Eliminations [Member] | SemLogistics [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenue | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Intersegment Eliminations [Member] | SemMexico [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenue | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Intersegment Eliminations [Member] | Corporate and other [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenue | ' | ' | ' | ' | ' | ' | ' | ' | -23,985 | -10,606 | -85,326 |
Intersegment Eliminations [Member] | Crude [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenue | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Operating Segments [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenue | ' | ' | ' | ' | ' | ' | ' | ' | 1,427,016 | 1,237,497 | 1,465,246 |
Operating Segments [Member] | SemStream [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenue | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 7 | 561,596 |
Operating Segments [Member] | SemCAMS [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenue | ' | ' | ' | ' | ' | ' | ' | ' | 198,450 | 223,219 | 163,367 |
Operating Segments [Member] | SemGas [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenue | ' | ' | ' | ' | ' | ' | ' | ' | 207,134 | 117,264 | 66,660 |
Operating Segments [Member] | SemLogistics [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenue | ' | ' | ' | ' | ' | ' | ' | ' | 11,671 | 12,341 | 23,314 |
Operating Segments [Member] | SemMexico [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenue | ' | ' | ' | ' | ' | ' | ' | ' | 242,559 | 263,870 | 218,187 |
Operating Segments [Member] | Corporate and other [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenue | ' | ' | ' | ' | ' | ' | ' | ' | 0 | -1 | 801 |
Operating Segments [Member] | Crude [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenue | ' | ' | ' | ' | ' | ' | ' | ' | $767,202 | $620,797 | $431,321 |
Segments_Details_1
Segments (Details 1) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Income tax expense (benefit) | $24,051 | $3,413 | $9,288 | ($54,006) | ($3,066) | $2,092 | ($92) | ($1,012) | ($17,254) | ($2,078) | ($2,310) |
SemCAMS [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Income tax expense (benefit) | ' | ' | ' | ' | ' | ' | ' | ' | 6,348 | 720 | 552 |
SemLogistics [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Income tax expense (benefit) | ' | ' | ' | ' | ' | ' | ' | ' | -5,699 | -7,736 | -3,331 |
SemMexico [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Income tax expense (benefit) | ' | ' | ' | ' | ' | ' | ' | ' | 2,589 | 2,285 | 629 |
Corporate and other [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Income tax expense (benefit) | ' | ' | ' | ' | ' | ' | ' | ' | ($20,492) | $2,653 | ($160) |
Inventories_Details
Inventories (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Inventory Disclosure [Abstract] | ' | ' |
Crude oil | $30,779 | $24,840 |
Asphalt and other | 13,516 | 9,593 |
Inventories | $44,295 | $34,433 |
Other_Assets_Details
Other Assets (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Other Assets [Abstract] | ' | ' |
Product prepayments | $779 | $1,550 |
Other prepaid expenses | 4,917 | 13,593 |
Margin deposits | 838 | 1,850 |
Deferred tax asset | 7,325 | 875 |
Other | 152 | 648 |
Total other current assets | $14,011 | $18,516 |
Other_Assets_Details_1
Other Assets (Details 1) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | ||
In Thousands, unless otherwise specified | ||||
Other Assets [Abstract] | ' | ' | ||
Debt issuance costs, net | $17,149 | [1] | $4,945 | [1] |
Deferred tax asset | 2,832 | 0 | ||
Other | 8,908 | 3,236 | ||
Total other noncurrent assets, net | $28,889 | $8,181 | ||
[1] | * See Note 16 for discussion of debt issuance costs. |
Property_Plant_and_Equipment_D
Property, Plant and Equipment (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Property, Plant and Equipment [Line Items] | ' | ' |
Property, plant and equipment, gross | $1,294,448 | $945,610 |
Accumulated depreciation | -188,720 | -130,886 |
Property, plant and equipment, net | 1,105,728 | 814,724 |
Land [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property, plant and equipment, gross | 72,484 | 53,491 |
Pipelines and related facilities [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property, plant and equipment, gross | 312,730 | 206,345 |
Storage and terminal facilities [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property, plant and equipment, gross | 281,819 | 268,738 |
Natural gas gathering and processing facilities [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property, plant and equipment, gross | 347,962 | 280,750 |
Linefill [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property, plant and equipment, gross | 14,701 | 13,158 |
Office and other property and equipment [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property, plant and equipment, gross | 65,679 | 47,679 |
Construction-in-progress [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property, plant and equipment, gross | $199,073 | $75,449 |
Property_Plant_and_Equipment_D1
Property, Plant and Equipment (Details Textual) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Property, Plant and Equipment [Abstract] | ' | ' | ' |
Depreciation | $60.40 | $46.20 | $45.90 |
Capitalized interest costs | $4.30 | $0.80 | ' |
Goodwill_and_Other_Intangible_2
Goodwill and Other Intangible Assets (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Sep. 02, 2013 | Aug. 01, 2013 |
In Thousands, unless otherwise specified | Crude [Member] | Crude [Member] | SemGas [Member] | SemGas [Member] | SemMexico [Member] | SemMexico [Member] | Barcas Field Services, LLC [Member] | Mid-America Midstream Gas Services, LLC [Member] | ||||
Crude [Member] | SemGas [Member] | |||||||||||
Goodwill [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Goodwill | $62,021 | $9,884 | $9,453 | $107,823 | $28,322 | $0 | $23,839 | $0 | $9,860 | $9,884 | $28,322 | $23,839 |
Goodwill_and_Other_Intangible_3
Goodwill and Other Intangible Assets (Details 1) (USD $) | 12 Months Ended | 12 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Sep. 02, 2013 | Dec. 31, 2013 | Aug. 01, 2013 |
SemStream [Member] | Crude [Member] | Crude [Member] | SemGas [Member] | SemGas [Member] | Barcas Field Services, LLC [Member] | Barcas Field Services, LLC [Member] | Mid-America Midstream Gas Services, LLC [Member] | Mid-America Midstream Gas Services, LLC [Member] | ||||
Crude [Member] | Crude [Member] | SemGas [Member] | SemGas [Member] | |||||||||
Goodwill [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Goodwill, Beginning Balance | $9,884 | $9,453 | $107,823 | ' | $28,322 | $0 | $23,839 | $0 | ' | $28,322 | ' | $23,839 |
Impairments | ' | ' | -47,804 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Goodwill, Written off Related to Sale of Business Unit | ' | ' | ' | -50,071 | ' | ' | ' | ' | ' | ' | ' | ' |
Currency translation adjustments | -24 | 431 | -495 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Goodwill, Acquired During Period | ' | ' | ' | ' | ' | ' | ' | ' | 28,322 | ' | 23,839 | ' |
Goodwill, Ending Balance | $62,021 | $9,884 | $9,453 | ' | $28,322 | $0 | $23,839 | $0 | ' | $28,322 | ' | $23,839 |
Goodwill_and_Other_Intangible_4
Goodwill and Other Intangible Assets (Details 2) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Acquired Finite-Lived Intangible Assets [Line Items] | ' | ' |
Other intangible assets | $174,838 | $7,585 |
Crude [Member] | ' | ' |
Acquired Finite-Lived Intangible Assets [Line Items] | ' | ' |
Other intangible assets | 5,775 | 0 |
SemGas [Member] | ' | ' |
Acquired Finite-Lived Intangible Assets [Line Items] | ' | ' |
Other intangible assets | 163,144 | 0 |
SemMexico [Member] | ' | ' |
Acquired Finite-Lived Intangible Assets [Line Items] | ' | ' |
Other intangible assets | 5,888 | 7,549 |
Corporate and other [Member] | ' | ' |
Acquired Finite-Lived Intangible Assets [Line Items] | ' | ' |
Other intangible assets | $31 | $36 |
Goodwill_and_Other_Intangible_5
Goodwill and Other Intangible Assets (Details 3) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Finite-Lived Intangible Assets [Line Items] | ' | ' | ' |
Finite-Lived Intangible Assets, Net, beginning balance | $7,585 | $8,950 | $32,264 |
Amortization | -6,018 | -2,017 | -4,664 |
Impairment | ' | ' | -5,048 |
Reduction to other intangible assets | ' | ' | -12,408 |
Currency translation adjustments | 9 | 652 | -1,194 |
Finite-Lived Intangible Assets, Net, ending balance | 174,838 | 7,585 | 8,950 |
Barcas Field Services, LLC [Member] | ' | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' | ' |
Customer contract intangible asset acquired | 6,930 | ' | ' |
Mid-America Midstream Gas Services, LLC [Member] | ' | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' | ' |
Customer contract intangible asset acquired | $166,332 | ' | ' |
Goodwill_and_Other_Intangible_6
Goodwill and Other Intangible Assets (Details 4) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
In Thousands, unless otherwise specified | ||||
Goodwill And Other Intangible Assets [Abstract] | ' | ' | ' | ' |
For year ending, December 31, 2013 | $13,113 | ' | ' | ' |
For year ending, December 31, 2014 | 11,687 | ' | ' | ' |
For year ending, December 31, 2015 | 9,164 | ' | ' | ' |
For year ending, December 31, 2016 | 8,996 | ' | ' | ' |
For year ending, December 31, 2017 | 8,863 | ' | ' | ' |
Thereafter | 123,015 | ' | ' | ' |
Total estimated amortization expense | $174,838 | $7,585 | $8,950 | $32,264 |
Goodwill_and_Other_Intangible_7
Goodwill and Other Intangible Assets (Details Textual) (USD $) | 12 Months Ended | |||||||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Oct. 02, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Sep. 02, 2013 | Aug. 01, 2013 |
NGL Energy [Member] | White Cliffs Pipeline, LLC [Member] | Glass Mountain Pipeline Llc [Member] | SemMexico [Member] | SemMexico [Member] | SemMexico [Member] | Customer Relationships [Member] | Unpatented Technology [Member] | Barcas Field Services, LLC [Member] | Mid-America Midstream Gas Services, LLC [Member] | |||||
SemMexico [Member] | ||||||||||||||
Goodwill [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Goodwill, Amortization Period for Income Taxes | '15 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Goodwill | $62,021 | $9,884 | $9,453 | $107,823 | $82,200 | $8,700 | $31,000 | $9,860 | ' | $9,884 | ' | ' | ' | ' |
Fair value in excess of carrying value | ' | ' | ' | ' | ' | ' | ' | ' | 11.70% | ' | ' | ' | ' | ' |
Goodwill impairment tests, period of estimates of cash flow, maximum, years | ' | ' | ' | ' | ' | ' | ' | ' | '18 years | ' | ' | ' | ' | ' |
Assumed terminal growth rate | ' | ' | ' | ' | ' | ' | ' | ' | 3.00% | ' | ' | ' | ' | ' |
Weighted average cost of capital | ' | ' | ' | ' | ' | ' | ' | ' | 13.00% | ' | ' | ' | ' | ' |
Finite-lived intangible assets | 174,838 | 7,585 | 8,950 | 32,264 | ' | ' | ' | ' | ' | ' | 172,800 | 1,800 | ' | ' |
Customer contract intangible asset acquired | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $6,930 | $166,332 |
Financial_Instruments_and_Conc2
Financial Instruments and Concentrations of Risk (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | ||
In Thousands, unless otherwise specified | ||||
Fair Value of Financial Assets and Liabilities | ' | ' | ||
Total assets | $0 | $0 | ||
Total liabilities | 58,194 | 33,892 | ||
Derivative, Fair Value, Net | -58,194 | -33,892 | ||
Level 1 [Member] | ' | ' | ||
Fair Value of Financial Assets and Liabilities | ' | ' | ||
Total assets | 36 | 22 | ||
Total liabilities | 58,230 | 33,914 | ||
Derivative, Fair Value, Net | -58,194 | -33,892 | ||
Netting [Member] | ' | ' | ||
Fair Value of Financial Assets and Liabilities | ' | ' | ||
Total assets | -36 | [1] | -22 | [1] |
Total liabilities | -36 | [1] | -22 | [1] |
Derivative, Fair Value, Net | 0 | [1] | 0 | [1] |
Commodity Derivatives [Member] | ' | ' | ||
Fair Value of Financial Assets and Liabilities | ' | ' | ||
Total assets | 0 | 0 | ||
Total liabilities | 60 | 1,034 | ||
Commodity Derivatives [Member] | Level 1 [Member] | ' | ' | ||
Fair Value of Financial Assets and Liabilities | ' | ' | ||
Total assets | 36 | 22 | ||
Total liabilities | 96 | 1,056 | ||
Commodity Derivatives [Member] | Netting [Member] | ' | ' | ||
Fair Value of Financial Assets and Liabilities | ' | ' | ||
Total assets | -36 | [1] | -22 | [1] |
Total liabilities | -36 | [1] | -22 | [1] |
Warrants [Member] | ' | ' | ||
Fair Value of Financial Assets and Liabilities | ' | ' | ||
Total liabilities | 58,134 | 32,858 | ||
Warrants [Member] | Level 1 [Member] | ' | ' | ||
Fair Value of Financial Assets and Liabilities | ' | ' | ||
Total liabilities | 58,134 | 32,858 | ||
Warrants [Member] | Netting [Member] | ' | ' | ||
Fair Value of Financial Assets and Liabilities | ' | ' | ||
Total liabilities | ' | $0 | ||
[1] | Relates primarily to exchange traded futures. Gain and loss positions on multiple contracts are settled net on a daily basis with the exchange. |
Financial_Instruments_and_Conc3
Financial Instruments and Concentrations of Risk (Details 1) (USD $) | 12 Months Ended | ||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | |||
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis with Unobservable Inputs | $0 | $0 | $0 | ($17,739) | |||
Schedule of Changes in Fair Value of Financial Assets (Liabilities) Classified as Level 3 | ' | ' | ' | ' | |||
Transfers out of Level 3 | 0 | [1] | 0 | [1] | 8,515 | [1] | ' |
Total realized and unrealized gain (loss) included in earnings | 0 | [2] | 0 | [2] | 11,041 | [2] | ' |
Settlements | 0 | 0 | -1,817 | ' | |||
Amount of total gain or loss included in earnings for the period attributable to the change in unrealized gain or loss relating to assets and liabilities still held at the reporting date | 0 | 0 | 0 | ' | |||
Commodity Derivatives [Member] | ' | ' | ' | ' | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | |||
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis with Unobservable Inputs | 0 | 0 | 0 | -547 | |||
Schedule of Changes in Fair Value of Financial Assets (Liabilities) Classified as Level 3 | ' | ' | ' | ' | |||
Transfers out of Level 3 | 0 | [1] | 0 | [1] | -419 | [1] | ' |
Total realized and unrealized gain (loss) included in earnings | 0 | [2] | 0 | [2] | 2,783 | [2] | ' |
Settlements | 0 | 0 | -1,817 | ' | |||
Amount of total gain or loss included in earnings for the period attributable to the change in unrealized gain or loss relating to assets and liabilities still held at the reporting date | 0 | 0 | 0 | ' | |||
Warrants [Member] | ' | ' | ' | ' | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | |||
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis with Unobservable Inputs | 0 | 0 | 0 | -17,192 | |||
Schedule of Changes in Fair Value of Financial Assets (Liabilities) Classified as Level 3 | ' | ' | ' | ' | |||
Transfers out of Level 3 | 0 | [1] | 0 | [1] | 8,934 | [1] | ' |
Total realized and unrealized gain (loss) included in earnings | 0 | [2] | 0 | [2] | 8,258 | [2] | ' |
Settlements | 0 | 0 | 0 | ' | |||
Amount of total gain or loss included in earnings for the period attributable to the change in unrealized gain or loss relating to assets and liabilities still held at the reporting date | $0 | $0 | $0 | ' | |||
[1] | In these tables, transfers in and transfers out are recognized as of the beginning of the reporting period for commodity derivatives and as of the transfer date for warrants. | ||||||
[2] | Gains and losses related to commodity derivatives are reported in product revenue. Gains and losses related to warrants are recorded in other expense (income). |
Financial_Instruments_and_Conc4
Financial Instruments and Concentrations of Risk (Details 2) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
bbl | bbl | |
Sales [Member] | ' | ' |
Derivative, Nonmonetary Notional Amount, Volume | 2,595,000 | 1,743,000 |
Purchases [Member] | ' | ' |
Derivative, Nonmonetary Notional Amount, Volume | 2,575,000 | 1,636,000 |
Financial_Instruments_and_Conc5
Financial Instruments and Concentrations of Risk (Details 3) (USD $) | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | Other Current Assets [Member] | Other Current Liabilities [Member] | Commodity Contract [Member] | Commodity Contract [Member] |
Other Current Assets [Member] | Other Current Liabilities [Member] | |||
Derivatives, Fair Value [Line Items] | ' | ' | ' | ' |
Derivative Asset | $0 | ' | $0 | ' |
Derivative Liability | ' | $1,034 | ' | $60 |
Financial_Instruments_and_Conc6
Financial Instruments and Concentrations of Risk (Details 4) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Fair Value Disclosures [Abstract] | ' | ' | ' |
Realized and unrealized gains (losses) from commodity derivatives | ($1,593) | $149 | $2,153 |
Financial_Instruments_and_Conc7
Financial Instruments and Concentrations of Risk (Details 5) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
In Thousands, unless otherwise specified | ||||
Concentration of net assets outside of the U.S. | ' | ' | ' | ' |
Cash and cash equivalents | $79,351 | $80,029 | $73,613 | $87,821 |
Other current assets | 14,011 | 18,516 | ' | ' |
Total assets | 2,470,614 | 1,748,179 | ' | ' |
Current liabilities | 499,214 | 374,344 | ' | ' |
Outside Of United States [Member] | ' | ' | ' | ' |
Concentration of net assets outside of the U.S. | ' | ' | ' | ' |
Cash and cash equivalents | 62,928 | ' | ' | ' |
Other current assets | 108,119 | ' | ' | ' |
Noncurrent assets | 423,202 | ' | ' | ' |
Total assets | 594,249 | ' | ' | ' |
Current liabilities | 80,362 | ' | ' | ' |
Noncurrent liabilities | 94,083 | ' | ' | ' |
Total liabilities | 174,445 | ' | ' | ' |
Net assets | 419,804 | ' | ' | ' |
Canada [Member] | ' | ' | ' | ' |
Concentration of net assets outside of the U.S. | ' | ' | ' | ' |
Cash and cash equivalents | 49,221 | ' | ' | ' |
Other current assets | 59,472 | ' | ' | ' |
Noncurrent assets | 212,567 | ' | ' | ' |
Total assets | 321,260 | ' | ' | ' |
Current liabilities | 51,124 | ' | ' | ' |
Noncurrent liabilities | 70,392 | ' | ' | ' |
Total liabilities | 121,516 | ' | ' | ' |
Net assets | 199,744 | ' | ' | ' |
United Kingdom [Member] | ' | ' | ' | ' |
Concentration of net assets outside of the U.S. | ' | ' | ' | ' |
Cash and cash equivalents | 1,845 | ' | ' | ' |
Other current assets | 2,896 | ' | ' | ' |
Noncurrent assets | 164,094 | ' | ' | ' |
Total assets | 168,835 | ' | ' | ' |
Current liabilities | 1,788 | ' | ' | ' |
Noncurrent liabilities | 21,826 | ' | ' | ' |
Total liabilities | 23,614 | ' | ' | ' |
Net assets | 145,221 | ' | ' | ' |
Mexico [Member] | ' | ' | ' | ' |
Concentration of net assets outside of the U.S. | ' | ' | ' | ' |
Cash and cash equivalents | 11,862 | ' | ' | ' |
Other current assets | 45,751 | ' | ' | ' |
Noncurrent assets | 46,541 | ' | ' | ' |
Total assets | 104,154 | ' | ' | ' |
Current liabilities | 27,450 | ' | ' | ' |
Noncurrent liabilities | 1,865 | ' | ' | ' |
Total liabilities | 29,315 | ' | ' | ' |
Net assets | $74,839 | ' | ' | ' |
Financial_Instruments_and_Conc8
Financial Instruments and Concentrations of Risk (Details Textual) (USD $) | 12 Months Ended | 12 Months Ended | 1 Months Ended | |||||||||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Jan. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Mar. 31, 2012 | |
Unionized Employees Concentration Risk [Member] | Unionized Employees Concentration Risk [Member] | Unionized Employees Concentration Risk [Member] | Unionized Employees Concentration Risk [Member] | Sales Revenue, Goods, Net [Member] | Sales Revenue, Goods, Net [Member] | Sales Revenue, Goods, Net [Member] | Sales Revenue, Goods, Net [Member] | Accounts Receivable [Member] | Accounts Receivable [Member] | Interest Rate Swap [Member] | ||||
employees | Outside Of United States [Member] | Canada And Mexico [Member] | Canada And Mexico [Member] | Customer | Customer | Crude [Member] | Customer Concentration Risk [Member] | Customer Concentration Risk [Member] | Customer Concentration Risk [Member] | |||||
employees | employees | employees | Customer | SemCrude [Member] | Crude [Member] | SemCrude [Member] | ||||||||
Customer | Customer | |||||||||||||
Margin deposits | $838,000 | $1,850,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Derivative, Gain (Loss) on Derivative, Net | -1,593,000 | 149,000 | 2,153,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 400,000 |
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 300,000 |
Number of customers | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 1 | ' | 1 | 1 | ' |
Percentage of accounts receivables | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 17.00% | 16.00% | 16.00% | ' |
Number of employees | ' | ' | ' | 890 | 500 | 110 | ' | ' | ' | ' | ' | ' | ' | ' |
Number of employees with contracts expiring in collective bargaining agreements | ' | ' | ' | ' | ' | 60 | ' | ' | ' | ' | ' | ' | ' | ' |
Number of employees with contracts renewing collective bargaining agreements | ' | ' | ' | ' | ' | ' | 50 | ' | ' | ' | ' | ' | ' | ' |
Derivative Asset, Fair Value, Amount Offset Against Collateral | $800,000 | $800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Income_Taxes_Details_1
Income Taxes (Details 1) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Income Tax Disclosure [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
U.S. | ' | ' | ' | ' | ' | ' | ' | ' | $40,002 | $21,498 | $39,936 |
Foreign | ' | ' | ' | ' | ' | ' | ' | ' | 8,497 | 5,382 | -29,886 |
Income (loss) from continuing operations before income taxes | $30,656 | $6,550 | $16,765 | ($5,472) | $16,518 | $1,924 | $7,592 | $846 | $48,499 | $26,880 | $10,050 |
Income_Taxes_Details_2
Income Taxes (Details 2) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Income Tax Expense (Benefit), Continuing Operations, by Jurisdiction [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Deferred income tax provision (benefit) | ' | ' | ' | ' | ' | ' | ' | ' | ($36,274) | ($11,818) | ($9,847) |
Provision (benefit) for income taxes | 24,051 | 3,413 | 9,288 | -54,006 | -3,066 | 2,092 | -92 | -1,012 | -17,254 | -2,078 | -2,310 |
Continuing Operations [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Income Tax Expense (Benefit), Continuing Operations, by Jurisdiction [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Foreign | ' | ' | ' | ' | ' | ' | ' | ' | 15,546 | 9,662 | 7,427 |
U.S. federal | ' | ' | ' | ' | ' | ' | ' | ' | 2,067 | 0 | 0 |
U.S. state | ' | ' | ' | ' | ' | ' | ' | ' | 1,435 | 74 | 4 |
Current income tax provision (benefit) | ' | ' | ' | ' | ' | ' | ' | ' | 19,048 | 9,736 | 7,431 |
Foreign | ' | ' | ' | ' | ' | ' | ' | ' | -10,222 | -12,070 | -7,252 |
U.S. federal | ' | ' | ' | ' | ' | ' | ' | ' | -23,756 | 222 | -2,159 |
U.S. state | ' | ' | ' | ' | ' | ' | ' | ' | -2,324 | 34 | -330 |
Deferred income tax provision (benefit) | ' | ' | ' | ' | ' | ' | ' | ' | -36,302 | -11,814 | -9,741 |
Provision (benefit) for income taxes | ' | ' | ' | ' | ' | ' | ' | ' | ($17,254) | ($2,078) | ($2,310) |
Income_Taxes_Details_3
Income Taxes (Details 3) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Income Tax Disclosure [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Income (loss) from continuing operations before income taxes | $30,656 | $6,550 | $16,765 | ($5,472) | $16,518 | $1,924 | $7,592 | $846 | $48,499 | $26,880 | $10,050 |
U.S. federal statutory rate | ' | ' | ' | ' | ' | ' | ' | ' | 35.00% | 35.00% | 35.00% |
Provision at statutory rate | ' | ' | ' | ' | ' | ' | ' | ' | 16,975 | 9,408 | 3,518 |
State income taxesbnet of federal benefit | ' | ' | ' | ' | ' | ' | ' | ' | -577 | 71 | -221 |
Effect of rates other than statutory | ' | ' | ' | ' | ' | ' | ' | ' | -1,041 | -829 | -1,360 |
Effect of U.S. taxation on foreign branches | ' | ' | ' | ' | ' | ' | ' | ' | 2,974 | 1,883 | -10,460 |
Foreign tax adjustment, prior years | ' | ' | ' | ' | ' | ' | ' | ' | 4,533 | 0 | 0 |
Impairment of goodwill | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 15,745 |
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Other, Amount | ' | ' | ' | ' | ' | ' | ' | ' | 24,625 | 0 | 0 |
Noncontrolling interest | ' | ' | ' | ' | ' | ' | ' | ' | 6,096 | 3,429 | 0 |
Foreign tax credit and offset to branch deferreds | ' | ' | ' | ' | ' | ' | ' | ' | -2,876 | -12,360 | 9,339 |
Impact of valuation allowance on deferred tax assets | ' | ' | ' | ' | ' | ' | ' | ' | -53,218 | 6,233 | -16,421 |
Other, net | ' | ' | ' | ' | ' | ' | ' | ' | -2,553 | -3,055 | -2,450 |
Provision (benefit) for income taxes | $24,051 | $3,413 | $9,288 | ($54,006) | ($3,066) | $2,092 | ($92) | ($1,012) | ($17,254) | ($2,078) | ($2,310) |
Income_Taxes_Details_4
Income Taxes (Details 4) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Components of Deferred Tax Assets [Abstract] | ' | ' |
Net operating loss and other credit carryforwards | $9,498 | $47,910 |
Compensation and benefits | 7,991 | 1,573 |
Inventories | 118 | 96 |
Intangible assets | 44,444 | 52,444 |
Pension plan | 2,849 | 3,384 |
Allowance for doubtful accounts | 2,140 | 2,507 |
Deferred revenue | 5,910 | 3,925 |
Foreign tax credit and offset to branch deferreds | 95,435 | 92,559 |
Other | 8,243 | 16,046 |
less: valuation allowance | -95,438 | -155,757 |
Net deferred tax assets | 81,190 | 64,687 |
Components of Deferred Tax Liabilities [Abstract] | ' | ' |
Intangible assets | -6,927 | -8,952 |
Prepaid expenses | -153 | -150 |
Property, plant and equipment | -113,030 | -78,413 |
Equity Investment in partnerships | -49,720 | -36,749 |
Other | -1,471 | -5,876 |
Total deferred tax liabilities | -171,301 | -130,140 |
Net deferred tax assets (liabilities) | ($90,111) | ($65,453) |
Income_Taxes_Details_Textual
Income Taxes (Details Textual) (USD $) | 12 Months Ended |
In Millions, unless otherwise specified | Dec. 31, 2013 |
Operating Loss Carryforwards [Line Items] | ' |
Federal net operating loss | $10.90 |
Deferred Tax Assets, Operating Loss Carryforwards, State and Local | 40 |
U.S. Capital losses | 16.1 |
Forgein income tax credits | 44.6 |
Change in valuation allowance | -60.3 |
Decrease caused by recognition of discrete tax benefits for federal and state NOLs [Member] | ' |
Operating Loss Carryforwards [Line Items] | ' |
Change in valuation allowance | 52.5 |
Net increase for foreign tax credits and offset to branch deferreds [Member] | ' |
Operating Loss Carryforwards [Line Items] | ' |
Change in valuation allowance | 2.9 |
Decrease due to reclassification of prior warrant expense as non-deductible for tax [Member] | ' |
Operating Loss Carryforwards [Line Items] | ' |
Change in valuation allowance | $10.70 |
LongTerm_Debt_Details
Long-Term Debt (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Debt Instrument [Line Items] | ' | ' |
Senior notes | $300,000,000 | $0 |
Capital leases | 125,000 | 86,000 |
Total long-term debt | 615,125,000 | 206,086,000 |
less: current portion of long-term debt | 37,000 | 24,000 |
Noncurrent portion of long-term debt | 615,088,000 | 206,062,000 |
SemGroup corporate revolving credit facility [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Total long-term debt | 70,000,000 | ' |
Rose Rock Credit Facility [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Borrowings | 245,000,000 | 4,500,000 |
Total long-term debt | 245,000,000 | ' |
SemLogistics credit facility [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Borrowings | 0 | 0 |
SemMexico credit facility [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Total long-term debt | 0 | ' |
Corporate Segment [Member] | SemGroup corporate revolving credit facility [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Borrowings | ' | 201,500,000 |
SemMexico [Member] | SemMexico credit facility [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Borrowings | $0 | $0 |
LongTerm_Debt_LongTerm_Debt_De
Long-Term Debt Long-Term Debt (Details 1) | 12 Months Ended |
Dec. 31, 2013 | |
2016 Redemption [Member] | ' |
Debt Instrument [Line Items] | ' |
Early redemption premium | 105.63% |
2017 Redemption [Member] | ' |
Debt Instrument [Line Items] | ' |
Early redemption premium | 103.75% |
2018 Redemption [Member] | ' |
Debt Instrument [Line Items] | ' |
Early redemption premium | 101.88% |
2019 Redemption and Thereafter [Member] | ' |
Debt Instrument [Line Items] | ' |
Early redemption premium | 100.00% |
LongTerm_Debt_Details_2
Long-Term Debt (Details 2) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Debt Instrument [Line Items] | ' | ' |
Scheduled principal payments in the next twelve months | $37 | ' |
Scheduled principal payments, year two | 39 | ' |
Scheduled principal payments, year three | 21 | ' |
Scheduled principal payments, year four | 15 | ' |
Scheduled principal payments, year five | 315,013 | ' |
Scheduled principal payments, thereafter | 300,000 | ' |
Total long-term debt | 615,125 | 206,086 |
SemGroup corporate revolving credit facility [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Scheduled principal payments in the next twelve months | 0 | ' |
Scheduled principal payments, year two | 0 | ' |
Scheduled principal payments, year three | 0 | ' |
Scheduled principal payments, year four | 0 | ' |
Scheduled principal payments, year five | 70,000 | ' |
Scheduled principal payments, thereafter | 0 | ' |
Total long-term debt | 70,000 | ' |
Rose Rock Credit Facility [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Scheduled principal payments in the next twelve months | 0 | ' |
Scheduled principal payments, year two | 0 | ' |
Scheduled principal payments, year three | 0 | ' |
Scheduled principal payments, year four | 0 | ' |
Scheduled principal payments, year five | 245,000 | ' |
Scheduled principal payments, thereafter | 0 | ' |
Total long-term debt | 245,000 | ' |
SemMexico credit facility [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Scheduled principal payments in the next twelve months | 0 | ' |
Scheduled principal payments, year two | 0 | ' |
Scheduled principal payments, year three | 0 | ' |
Scheduled principal payments, year four | 0 | ' |
Scheduled principal payments, year five | 0 | ' |
Scheduled principal payments, thereafter | 0 | ' |
Total long-term debt | 0 | ' |
Capital Leases [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Scheduled principal payments in the next twelve months | 37 | ' |
Scheduled principal payments, year two | 39 | ' |
Scheduled principal payments, year three | 21 | ' |
Scheduled principal payments, year four | 15 | ' |
Scheduled principal payments, year five | 13 | ' |
Scheduled principal payments, thereafter | 0 | ' |
Total long-term debt | 125 | ' |
Senior Notes [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Scheduled principal payments in the next twelve months | 0 | ' |
Scheduled principal payments, year two | 0 | ' |
Scheduled principal payments, year three | 0 | ' |
Scheduled principal payments, year four | 0 | ' |
Scheduled principal payments, year five | 0 | ' |
Scheduled principal payments, thereafter | 300,000 | ' |
Total long-term debt | $300,000 | ' |
LongTerm_Debt_Details_Textual
Long-Term Debt (Details Textual) | 12 Months Ended | 12 Months Ended | 12 Months Ended | 1 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2011 | Nov. 30, 2009 | Dec. 31, 2011 | Jun. 30, 2011 | Dec. 31, 2011 | Dec. 31, 2011 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Jan. 13, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Mar. 31, 2012 | Mar. 31, 2012 | Mar. 31, 2012 | Mar. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Aug. 31, 2012 | Aug. 31, 2012 | Jun. 30, 2011 | Jun. 30, 2011 | Dec. 31, 2013 | |||
USD ($) | USD ($) | USD ($) | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Semgroup Corporation Term Loan And Revolving Credit Facilities [Member] | Semgroup Corporation Term Loan And Revolving Credit Facilities [Member] | Semgroup Corporation Term Loan And Revolving Credit Facilities [Member] | Semgroup Corporation Term Loan And Revolving Credit Facilities [Member] | Semgroup Corporation Term Loan And Revolving Credit Facilities [Member] | Semgroup Corporation Term Loan And Revolving Credit Facilities [Member] | Interest Rate Swap [Member] | Rose Rock Midstream L P [Member] | Rose Rock Midstream L P [Member] | Rose Rock Midstream L P [Member] | Rose Rock Midstream L P [Member] | Rose Rock Midstream L P [Member] | Rose Rock Midstream L P [Member] | Rose Rock Midstream L P [Member] | Rose Rock Midstream L P [Member] | Rose Rock Midstream L P [Member] | Rose Rock Midstream L P [Member] | Rose Rock Midstream L P [Member] | Rose Rock Midstream L P [Member] | Rose Rock Midstream L P [Member] | Rose Rock Midstream L P [Member] | Rose Rock Midstream L P [Member] | Rose Rock Midstream L P [Member] | Rose Rock Midstream L P [Member] | Senior Notes [Member] | sale of stock [Member] | Debt issuance [Member] | During a temporary period subsequent to certain acquisitions [Member] | Possible alternative covenants subsequent to unsecured debt issuance [Member] | Possible alternative covenants subsequent to unsecured debt issuance [Member] | Possible alternative covenants subsequent to unsecured debt issuance [Member] | SemLogistics [Member] | SemLogistics [Member] | SemLogistics [Member] | SemLogistics [Member] | SemLogistics [Member] | SemLogistics [Member] | Corporate Segment [Member] | Corporate Segment [Member] | Corporate Segment [Member] | Corporate Segment [Member] | Corporate Segment [Member] | Corporate Segment [Member] | Corporate Segment [Member] | Corporate Segment [Member] | Corporate Segment [Member] | SemMexico [Member] | SemMexico [Member] | SemMexico [Member] | SemMexico [Member] | SemMexico [Member] | SemMexico [Member] | SemMexico [Member] | SemMexico [Member] | SemMexico [Member] | SemMexico [Member] | SemMexico [Member] | SemMexico [Member] | SemMexico [Member] | SemMexico [Member] | Level 1 [Member] | |||
Alternate Base Rate Borrowings [Member] | Minimum [Member] | Minimum [Member] | Maximum [Member] | Maximum [Member] | USD ($) | USD ($) | Term Loan [Member] | Term Loan [Member] | Minimum [Member] | Maximum [Member] | USD ($) | Bilateral Letter of Credit [Member] | Minimum [Member] | Minimum [Member] | Minimum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Maximum net debt to EBITDA ratio [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Minimum EBITDA to interest expense ratio [Member] | USD ($) | Rose Rock Midstream L P [Member] | Rose Rock Midstream L P [Member] | Rose Rock Midstream L P [Member] | Rose Rock Midstream L P [Member] | Rose Rock Midstream L P [Member] | USD ($) | USD ($) | Term Loan [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Cash Flow Hedging [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Letter of Credit [Member] | Letter of Credit [Member] | USD ($) | USD ($) | USD ($) | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Line of Credit [Member] | Line of Credit [Member] | Line of Credit [Member] | Line of Credit [Member] | Line of Credit [Member] | Line of Credit [Member] | Line of Credit [Member] | USD ($) | |||||||
Alternate Base Rate Borrowings [Member] | Eurodollar Rate Borrowings [Member] | Alternate Base Rate Borrowings [Member] | Eurodollar Rate Borrowings [Member] | USD ($) | Alternate Base Rate Borrowings [Member] | Letter of Credit [Member] | Eurodollar Rate Borrowings [Member] | Alternate Base Rate Borrowings [Member] | Letter of Credit [Member] | Eurodollar Rate Borrowings [Member] | USD ($) | USD ($) | USD ($) | USD ($) | Alternate Base Rate Borrowings [Member] | Letter of Credit [Member] | Minimum [Member] | Maximum [Member] | Subordinated Debt [Member] | Maximum net debt to EBITDA ratio [Member] | Maximum net debt to EBITDA ratio [Member] | Maximum senior secured debt to EBITDA ratio [Member] | Minimum EBITDA to interest expense ratio [Member] | GBP (£) | USD ($) | GBP (£) | Interest Rate Swap [Member] | USD ($) | USD ($) | USD ($) | Alternate Base Rate Borrowings [Member] | Eurodollar [Member] | Minimum [Member] | Maximum [Member] | USD ($) | Maximum [Member] | USD ($) | MXN | Letter of Credit [Member] | Letter of Credit [Member] | Additional Credit Agreement [Member] | Additional Credit Agreement [Member] | Additional Credit Agreement [Member] | Additional Credit Agreement [Member] | Additional Credit Agreement [Member] | Additional Credit Agreement [Member] | Additional Credit Agreement [Member] | ||||||||||||||||||||||||
USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | MXN | USD ($) | MXN | USD ($) | MXN | USD ($) | MXN | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Senior Notes Redemable Prior to June 15, 2016 | 35.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Early Redemption Premium on Senior Notes Redeemed Prior to June 15, 2016 | 1.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 107.50% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Senior notes | $300,000,000 | $0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Long Term Debt (Textual) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Capacity of revolving credit facility | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 585,000,000 | 150,000,000 | ' | 385,000,000 | ' | 150,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 15,000,000 | 24,700,000 | 15,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Line of Credit Facility, Maximum Borrowing Incremental Increases | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 200,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 300,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Minimum aggregate issuance to elect alternative financial covenants | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 200,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Maximum borrowing capacity | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 500,000,000 | ' | 250,000,000 | ' | ' | ' | 3,400,000 | 44,000,000 | ' | ' | 4,300,000 | 56,000,000 | ' | 4,300,000 | 56,000,000 | 6,100,000 | 80,000,000 | ' | ||
Borrowings outstanding | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 245,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 70,000,000 | ' | ' | 30,000,000 | 40,000,000 | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' | ' | 0 | ' | ' | ' | ' | ' | ' | ' | ||
Capitalized costs | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Amount of Incurred Interest | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 61,300,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 34,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,000,000 | ' | ' | ' | ' | ' | ' | 22,400,000 | 292,800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ||
Margin added to LIBOR for determining effective interest rate | ' | ' | ' | 1.00% | ' | ' | ' | ' | 1.50% | ' | ' | ' | 2.50% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Margin added to alternate base rate | ' | ' | ' | ' | 1.00% | ' | 2.25% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Facility fee | ' | ' | ' | ' | ' | ' | ' | ' | 400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Base facility interest rate | ' | ' | ' | ' | ' | ' | ' | ' | 7.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
LIBOR rate threshold used to determining margin | ' | ' | ' | ' | ' | ' | ' | ' | 1.50% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Fees charged on prefunded tranche | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 7.00% | 8.50% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Margin added to Federal Funds Effective Rate to determine effective interest rate | ' | ' | ' | 0.50% | ' | ' | ' | ' | 0.50% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Prime rate used to determine interest rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3.25% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Margin added to Prime Rate to determine effective interest rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2.00% | 2.00% | ' | ' | 1.70% | 1.70% | 1.70% | ' | ' | ' | ' | ' | ||
Interest rate in effect | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.75% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.75% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2.50% | ' | ' | 4.75% | 2.66% | 2.00% | 3.25% | ' | ' | ' | ' | ' | ' | ' | 0.50% | 0.50% | ' | ' | ' | ' | ' | ' | ' | ' | ||
LIBOR rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.16% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Debt instrument, applicable margin percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.75% | ' | 1.75% | 2.00% | ' | 3.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.50% | 0.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Fees charged on outstanding letters of credit effect rate | ' | ' | ' | ' | ' | 2.00% | ' | 3.25% | 7.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Percentage of line of credit facility fronting fee | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.25% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.25% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Commitment fee on unused capacity | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.50% | 2.50% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.38% | 0.50% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Debt Instrument Annual Administrative Fee | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Debt instrument, interest rate stated percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 9.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 7.50% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Proceeds from Issuance of Senior Long-term Debt | 294,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Debt instrument, interest rate during period | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 11.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Amortization of debt issuance costs | ' | ' | ' | ' | ' | ' | ' | ' | 22,200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Write-off capitalized loan fees | ' | ' | ' | ' | ' | ' | ' | ' | 17,400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Fees to lenders and advisors | 17,149,000 | [1] | 4,945,000 | [1] | ' | ' | ' | ' | ' | ' | ' | 27,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6,200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6,200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Base floating rate for cash borrowings | ' | ' | ' | ' | ' | ' | ' | ' | 5.50% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Loss on terminations of interest rate swaps | 1,593,000 | -149,000 | -2,153,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Swaps reclass from accumulated other comprehensive income to earnings | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -300,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 300,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Interest expense recorded | ' | ' | ' | ' | ' | ' | ' | ' | 39,300,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 7,200,000 | 1,900,000 | 100,000 | ' | ' | ' | ' | ' | ' | 12,700,000 | ' | ' | ' | ' | ' | ' | 1,400,000 | 1,000,000 | ' | ' | ' | ' | 7,700,000 | 6,900,000 | 2,800,000 | ' | ' | ' | ' | ' | ' | 200,000 | 400,000 | 400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Line of Credit Facility, Covenant Terms | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '5.00 | ' | ' | ' | ' | ' | ' | ' | ' | '2.50 | ' | ' | ' | '5.50 | '5.50 | '3.50 | '2.50 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Effective interest rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.92% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Line of Credit Facility, Interest Rate During Period | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.75% | ' | ' | 3.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Basis point adjustment to discount rate | 50 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Redemption premium on senior notes in the event of a change in control | 101.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Long-term Debt, Fair Value | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $317,000,000 | ||
[1] | * See Note 16 for discussion of debt issuance costs. |
Commitments_and_Contingencies_1
Commitments and Contingencies (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward] | ' | ' | ' |
Beginning Balance | $40,105 | $35,886 | $32,884 |
Accretion | 4,752 | 4,554 | 4,114 |
Payments made | -808 | -1,169 | -341 |
Currency translation adjustments | -2,864 | 834 | -771 |
Ending Balance | $41,185 | $40,105 | $35,886 |
Commitments_and_Contingencies_2
Commitments and Contingencies (Details 1) (USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Commitments and Contingencies Disclosure [Abstract] | ' |
Operating Leases, December 31, 2013 | $8,618 |
Operating Leases, December 31, 2014 | 8,890 |
Operating Leases, December 31, 2015 | 8,752 |
Operating Leases, December 31, 2016 | 6,737 |
Operating Leases, December 31, 2017 | 2,785 |
Operating Leases, Thereafter | 6,213 |
Operating Leases, Total future minimum lease payments | $41,995 |
Commitments_and_Contingencies_3
Commitments and Contingencies (Details 2) (USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | bbl |
Fixed Price Sales [Member] | ' |
Summary Of Purchase And Sale Commitments | ' |
Sale commitments, Volume (barrels) | 397,000 |
Sale commitments, Value | $38,311 |
Floating Price Sales [Member] | ' |
Summary Of Purchase And Sale Commitments | ' |
Sale commitments, Volume (barrels) | 15,785,000 |
Sale commitments, Value | 1,458,312 |
Fixed Price Purchases [Member] | ' |
Summary Of Purchase And Sale Commitments | ' |
Purchase commitments, Volume (barrels) | 337,000 |
Purchase commitments, Value | 30,767 |
Floating Price Purchases [Member] | ' |
Summary Of Purchase And Sale Commitments | ' |
Purchase commitments, Volume (barrels) | 14,610,000 |
Purchase commitments, Value | $1,432,982 |
Commitments_and_Contingencies_4
Commitments and Contingencies (Details 3) (USD $) | 12 Months Ended | 12 Months Ended | 12 Months Ended | ||||||||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Aug. 18, 2011 | Dec. 31, 2013 | Dec. 31, 2013 | Jun. 11, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 23, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | |
sites | bbl | Minimum [Member] | Maximum [Member] | Blueknight Energy Partners, L.P. [Member] | Crude [Member] | SemGas [Member] | SemCAMS [Member] | SemCAMS [Member] | Commitments [Member] | Capacity [Member] | |||
bbl | sites | sites | SemGas [Member] | SemGas [Member] | |||||||||
Commitments and Contingencies (Textual) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loss contingency claims, number of barrels of crude oil claimed to be owed | ' | ' | ' | 141,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Inventory shortage identified | ' | ' | ' | ' | ' | ' | 148,000 | ' | ' | ' | ' | ' | ' |
Site contingency number of sites checked | 6 | ' | ' | ' | ' | ' | ' | 5 | 1 | ' | ' | ' | ' |
Number of sites requiring remediation and water contamination as per phase two investigations | 4 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Accrued liability, estimated fines and environmental contributions | $400,000 | ' | ' | ' | ' | ' | ' | ' | ' | $400,000 | ' | ' | ' |
Estimated cost to retire facilities | 100,900,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Asset retirement obligation additional estimated costs attributable to third-party owners' | 41,700,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operating leases, rent expense | 11,400,000 | 8,400,000 | 9,400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Notice required to cancel purchase agreements, days | ' | ' | ' | ' | '30 days | '120 days | ' | ' | ' | ' | ' | ' | ' |
Agreed upon fine | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 350,000 | ' | ' |
Accrued liabilities | 83,429,000 | 63,831,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 25,800 | ' |
Unrecorded Unconditional Purchase Obligation | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $87,300,000 |
Equity_Details
Equity (Details) (USD $) | 12 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | |
Schedule of Common Stock | ' | ' | |
Total shares | 42,532,891 | ' | |
Par value per share | $0.01 | ' | |
Common stock on balance sheet | $425 | $420 | |
Shares paid for tax withholding | 8,591 | ' | |
Shares issued on Emergence Date [Member] | ' | ' | |
Schedule of Common Stock | ' | ' | |
Total shares | 40,882,496 | ' | |
Shares subsequently issued in settlement of pre-petition claims [Member] | ' | ' | |
Schedule of Common Stock | ' | ' | |
Total shares | 228,309 | ' | |
Remaining shares required to be issued in settlement of pre-petition claims [Member] | ' | ' | |
Schedule of Common Stock | ' | ' | |
Total shares | 289,191 | ' | |
Issuance of shares under employee and director compensation programs [Member] | ' | ' | |
Schedule of Common Stock | ' | ' | |
Total shares | 691,570 | [1] | ' |
Awards vested, shares | 107,988 | ' | |
Shares issued upon exercise of warrants [Member] | ' | ' | |
Schedule of Common Stock | ' | ' | |
Total shares | 441,325 | [2] | ' |
[1] | These shares include 107,988 shares which vested during the year ended December 31, 2013. Of these vested shares, recipients sold back to the Company 8,591 shares to satisfy tax withholding obligations which are being recognized at cost as treasury stock on the consolidated balance sheet. | ||
[2] | (**) These shares include 425,618 shares issued during the year ended December 31, 2013. |
Equity_Details_1
Equity (Details 1) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, except Share data, unless otherwise specified | ||
Warrants and Rights Note Disclosure [Abstract] | ' | ' |
Total warrants | 1,360,823 | ' |
Fair value per warrant | $42.72 | ' |
Warrant liability included current liabilities on consolidated balance sheet | $58,134 | $0 |
Warrants issued on emergence date [Member] | ' | ' |
Warrants and Rights Note Disclosure [Abstract] | ' | ' |
Total warrants | 1,634,210 | ' |
Warrants subsequently issued in settlement of pre-petition claims [Member] | ' | ' |
Warrants and Rights Note Disclosure [Abstract] | ' | ' |
Total warrants | 240,310 | ' |
Remaining warrants to be issued in settlement of pre-petition Claims [Member] | ' | ' |
Warrants and Rights Note Disclosure [Abstract] | ' | ' |
Total warrants | 304,427 | ' |
Warrants exercised [Member] | ' | ' |
Warrants and Rights Note Disclosure [Abstract] | ' | ' |
Total warrants | 818,124 | ' |
Equity_Equity_Details_2
Equity Equity (Details 2) (USD $) | 0 Months Ended | 1 Months Ended | 12 Months Ended | |||||
Mar. 10, 2014 | Nov. 22, 2013 | Aug. 19, 2013 | 30-May-13 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | |
Second quarter 2013 dividend [Member] | Third quarter 2013 dividend [Member] | Fourth quarter 2013 dividend [Member] | First quarter 2014 dividend [Member] | |||||
Dividends paid | ' | $0.21 | $0.20 | $0.19 | ' | ' | ' | ' |
Dividends, date declared | ' | ' | ' | ' | 8-May-13 | 8-Aug-13 | 11-Nov-13 | 25-Feb-14 |
Dividends, date of record | ' | ' | ' | ' | 20-May-13 | 19-Aug-13 | 22-Nov-13 | 10-Mar-14 |
Dividends declared | $0.22 | ' | ' | ' | ' | ' | ' | ' |
Equity_Details_Textual
Equity (Details Textual) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | ||
Equity [Line Items] | ' | |
Common stock shares issued | 42,532,891 | |
Number of shares to be issued in settlement of pre-petition claims | 517,500 | |
Additional warrants issued in settlement of pre-petition claims | 544,737 | |
Par value per share | $0.01 | |
Warrants issued | 1,360,823 | |
Price of purchase of one share of common stock against warrant | 25 | |
Closing price of common stock price per share | $0.01 | |
Warrants issued on emergence date [Member] | ' | |
Equity [Line Items] | ' | |
Warrants issued | 1,634,210 | |
Warrants subsequently issued in settlement of pre-petition claims [Member] | ' | |
Equity [Line Items] | ' | |
Warrants issued | 240,310 | |
Class A [Member] | ' | |
Equity [Line Items] | ' | |
Common stock shares authorized | 90,000,000 | |
Class B [Member] | ' | |
Equity [Line Items] | ' | |
Common stock shares authorized | 10,000,000 | |
Par value per share | $0.01 | |
Closing price of common stock price per share | $0.01 | |
Common Stock, Shares, Outstanding | 28,235 | |
Shares issued upon exercise of warrants [Member] | ' | |
Equity [Line Items] | ' | |
Stock issued from warrant exercises, shares | 425,618 | |
Common stock shares issued | 441,325 | [1] |
Shares issued on Emergence Date [Member] | ' | |
Equity [Line Items] | ' | |
Common stock shares issued | 40,882,496 | |
Shares subsequently issued in settlement of pre-petition claims [Member] | ' | |
Equity [Line Items] | ' | |
Common stock shares issued | 228,309 | |
[1] | (**) These shares include 425,618 shares issued during the year ended December 31, 2013. |
Earnings_Per_Share_Details
Earnings Per Share (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Earnings Per Share [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Income (Loss) from Continuing Operations Attributable to Parent | ' | ' | ' | ' | ' | ' | ' | ' | $65,753 | $28,958 | $12,360 |
Basic earnings per share | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net income (loss) | 6,599 | 3,135 | 7,512 | 48,566 | 22,976 | -432 | 7,243 | 2,110 | 65,812 | 31,897 | 2,812 |
Income (loss) from discontinued operations, net of income taxes | -6 | -2 | 35 | 32 | 3,392 | -264 | -441 | 252 | 59 | 2,939 | -9,548 |
less: Income attributable to noncontrolling interest | 3,319 | 5,054 | 3,943 | 5,143 | 1,882 | 2,336 | 2,096 | 3,483 | 17,710 | 9,797 | 435 |
Numerator | 3,280 | -1,919 | 3,569 | 43,423 | 21,094 | -2,768 | 5,147 | -1,373 | 48,102 | 22,100 | 2,377 |
Common stock issued and to be issued pursuant to Plan of Reorganization | ' | ' | ' | ' | ' | ' | ' | ' | 41,400 | 41,400 | 41,400 |
Weighted average common stock outstanding issued under compensation plans | ' | ' | ' | ' | ' | ' | ' | ' | 939 | 539 | 240 |
Denominator, net, basic | ' | ' | ' | ' | ' | ' | ' | ' | 42,339 | 41,939 | 41,640 |
Basic earnings (loss) per share, net | $0.08 | ($0.05) | $0.08 | $1.03 | $0.50 | ($0.07) | $0.12 | ($0.03) | $1.14 | $0.53 | $0.06 |
Continuing Operations [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Earnings Per Share [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Income (Loss) from Continuing Operations Attributable to Parent | ' | ' | ' | ' | ' | ' | ' | ' | 65,753 | 28,958 | 12,360 |
Basic earnings per share | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
less: Income attributable to noncontrolling interest | ' | ' | ' | ' | ' | ' | ' | ' | 17,710 | 9,797 | 435 |
Numerator | ' | ' | ' | ' | ' | ' | ' | ' | 48,043 | 19,161 | 11,925 |
Common stock issued and to be issued pursuant to Plan of Reorganization | ' | ' | ' | ' | ' | ' | ' | ' | 41,400 | 41,400 | 41,400 |
Weighted average common stock outstanding issued under compensation plans | ' | ' | ' | ' | ' | ' | ' | ' | 939 | 539 | 240 |
Denominator, net, basic | ' | ' | ' | ' | ' | ' | ' | ' | 42,339 | 41,939 | 41,640 |
Basic earnings (loss) per share from continuing operations | ' | ' | ' | ' | ' | ' | ' | ' | $1.13 | $0.46 | $0.29 |
Discontinued Operations [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Basic earnings per share | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Income (loss) from discontinued operations, net of income taxes | ' | ' | ' | ' | ' | ' | ' | ' | 59 | 2,939 | -9,548 |
less: Income attributable to noncontrolling interest | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Numerator | ' | ' | ' | ' | ' | ' | ' | ' | $59 | $2,939 | ($9,548) |
Common stock issued and to be issued pursuant to Plan of Reorganization | ' | ' | ' | ' | ' | ' | ' | ' | 41,400 | 41,400 | 41,400 |
Weighted average common stock outstanding issued under compensation plans | ' | ' | ' | ' | ' | ' | ' | ' | 939 | 539 | 240 |
Denominator, net, basic | ' | ' | ' | ' | ' | ' | ' | ' | 42,339 | 41,939 | 41,640 |
Basic earnings (loss) per share from discontinued operations | ' | ' | ' | ' | ' | ' | ' | ' | $0 | $0.07 | ($0.23) |
Earnings_Per_Share_Details_1
Earnings Per Share (Details 1) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Diluted earnings per share | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net income (loss) | $6,599 | $3,135 | $7,512 | $48,566 | $22,976 | ($432) | $7,243 | $2,110 | $65,812 | $31,897 | $2,812 |
Less: net income attributable to noncontrolling interests | 3,319 | 5,054 | 3,943 | 5,143 | 1,882 | 2,336 | 2,096 | 3,483 | 17,710 | 9,797 | 435 |
less: Income resulting from change in fair value of warrants | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5,012 |
Numerator | 3,280 | -1,919 | 3,569 | 43,423 | 21,094 | -2,768 | 5,147 | -1,373 | 48,102 | 22,100 | 2,377 |
Common stock issued and to be issued pursuant to Plan of Reorganization | ' | ' | ' | ' | ' | ' | ' | ' | 41,400 | 41,400 | 41,400 |
Weighted average common stock outstanding issued under compensation plans | ' | ' | ' | ' | ' | ' | ' | ' | 939 | 539 | 240 |
Incremental Common Shares Attributable to Dilutive Effect of Contingently Issuable Shares | ' | ' | ' | ' | ' | ' | ' | ' | 307 | 315 | ' |
Denominator, net, diluted | ' | ' | ' | ' | ' | ' | ' | ' | 42,646 | 42,254 | 41,640 |
Diluted earnings (loss) per share, Net | $0.08 | ($0.05) | $0.08 | $1.03 | $0.50 | ($0.07) | $0.12 | ($0.03) | $1.13 | $0.52 | ($0.06) |
Continuing Operations [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Diluted earnings per share | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Less: net income attributable to noncontrolling interests | ' | ' | ' | ' | ' | ' | ' | ' | 17,710 | 9,797 | 435 |
less: Income resulting from change in fair value of warrants | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5,012 |
Numerator | ' | ' | ' | ' | ' | ' | ' | ' | 48,043 | 19,161 | 11,925 |
Common stock issued and to be issued pursuant to Plan of Reorganization | ' | ' | ' | ' | ' | ' | ' | ' | 41,400 | 41,400 | 41,400 |
Weighted average common stock outstanding issued under compensation plans | ' | ' | ' | ' | ' | ' | ' | ' | 939 | 539 | 240 |
Incremental Common Shares Attributable to Dilutive Effect of Contingently Issuable Shares | ' | ' | ' | ' | ' | ' | ' | ' | 307 | 315 | ' |
Denominator, net, diluted | ' | ' | ' | ' | ' | ' | ' | ' | 42,646 | 42,254 | 41,640 |
Diluted earnings (loss) per share from continuing operations | ' | ' | ' | ' | ' | ' | ' | ' | $1.13 | $0.45 | $0.17 |
Discontinued Operations [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Diluted earnings per share | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Less: net income attributable to noncontrolling interests | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
less: Income resulting from change in fair value of warrants | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 |
Numerator | ' | ' | ' | ' | ' | ' | ' | ' | 59 | 2,939 | -9,548 |
Common stock issued and to be issued pursuant to Plan of Reorganization | ' | ' | ' | ' | ' | ' | ' | ' | 41,400 | 41,400 | 41,400 |
Weighted average common stock outstanding issued under compensation plans | ' | ' | ' | ' | ' | ' | ' | ' | 939 | 539 | 240 |
Incremental Common Shares Attributable to Dilutive Effect of Contingently Issuable Shares | ' | ' | ' | ' | ' | ' | ' | ' | 307 | 315 | ' |
Denominator, net, diluted | ' | ' | ' | ' | ' | ' | ' | ' | 42,646 | 42,254 | 41,640 |
Diluted earnings (loss) per share from discontinued operations | ' | ' | ' | ' | ' | ' | ' | ' | $0 | $0.07 | ($0.23) |
After reduction for gain on warrants [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Diluted earnings per share | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Numerator | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -2,635 |
After reduction for gain on warrants [Member] | Continuing Operations [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Diluted earnings per share | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Numerator | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6,913 |
After reduction for gain on warrants [Member] | Discontinued Operations [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Diluted earnings per share | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Numerator | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ($9,548) |
Earnings_Per_Share_Details_Tex
Earnings Per Share (Details Textual) (USD $) | 12 Months Ended | 0 Months Ended | 1 Months Ended | 12 Months Ended | |||||
In Thousands, except Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Jan. 02, 2014 | Jan. 31, 2013 | Dec. 31, 2011 |
Stock Compensation Plan [Member] | Stock Compensation Plan [Member] | Stock Compensation Plan [Member] | Stock Compensation Plan [Member] | Stock Compensation Plan [Member] | Continuing Operations [Member] | ||||
Subsequent Event [Member] | Subsequent Event [Member] | ||||||||
Earnings Per Share [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' |
(Gain) loss on fair value of warrants | $46,433 | $21,310 | ($5,012) | ' | ' | ' | ' | ' | $5,012 |
Awards vested, shares | ' | ' | ' | 107,988 | 162,986 | 201,361 | 75,942 | 75,942 | ' |
EquityBased_Compensation_Detai
Equity-Based Compensation (Details) (Stock Compensation Plan [Member], USD $) | 12 Months Ended | 0 Months Ended | 1 Months Ended | |||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Jan. 02, 2014 | Jan. 31, 2013 | ||||
Subsequent Event [Member] | Subsequent Event [Member] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award | ' | ' | ' | ' | ' | |||
Outstanding, shares | 450,552 | 410,506 | 502,902 | ' | ' | |||
Awards granted, shares | 201,451 | [1] | 246,432 | [1] | 173,982 | [1] | ' | ' |
Awards vested, shares | -107,988 | -162,986 | -201,361 | -75,942 | -75,942 | |||
Awards forfeited, shares | -13,412 | -43,400 | -65,017 | ' | ' | |||
Outstanding, shares | 530,603 | 450,552 | 410,506 | ' | ' | |||
Awards outstanding, average grant date fair value | $26.87 | [2] | $26.59 | [2] | $25 | [2] | ' | ' |
Awards granted, average grant date fair value per share | $52.78 | [1],[2] | $27.81 | [1],[2] | $28.90 | [1],[2] | ' | ' |
Awards vested, average grant date fair value per share | $25.71 | [2] | $25.20 | [2] | $25 | [2] | ' | ' |
Awards forfeited, average grant date fair value per share | $32.36 | [2] | $27.74 | [2] | $25.36 | [2] | ' | ' |
Awards outstanding, average grant date fair value | $36.80 | [2] | $26.87 | [2] | $26.59 | [2] | ' | ' |
[1] | For certain of the awards granted in 2013, 2012 and 2011, the number of shares that will vest is contingent upon our achievement of certain specified targets. Awards with performance conditions are valued based on the grant date closing price on the New York Stock Exchange assuming that 100% of the awards will vest. Awards with market conditions are valued using Monte Carlo simulations. Market awards issued in 2013 were valued using blended volatility of 28.9%, comprised of 50% historical volatility and 50% implied volatility and a risk-free rate based on the three-year United States Treasury spot rate on the grant date. If we meet the specified maximum targets, approximately 74 thousand, 41 thousand and 26 thousand additional shares could vest related to the 2013, 2012 and 2011 awards, respectively. | |||||||
[2] | The grant date fair value of awards issued prior to our listing on the New York Stock Exchange was estimated at $25 per share, which was the per share reorganization value of the Company. Subsequent to our listing, the grant date fair value is determined based on the closing price on the New York Stock Exchange on the date of issue. |
EquityBased_Compensation_Equit
Equity-Based Compensation Equity-Based Compensation (Details 1) | Dec. 31, 2013 |
Awards to Vest in Next Twelve Months [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Outstanding shares | 165,980 |
Awards to Vest in Year Two [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Outstanding shares | 244,912 |
Awards to Vest in Year Three [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Outstanding shares | 260,898 |
EquityBased_Compensation_Equit1
Equity-Based Compensation Equity-Based Compensation (Details 2) (Rose Rock Midstream L P [Member], USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Rose Rock Midstream L P [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Outstanding, shares | 43,960 | 0 |
Awards granted, shares | 49,104 | 46,069 |
Awards vested, shares | -9,333 | 0 |
Awards forfeited, shares | -783 | -2,109 |
Outstanding, shares | 82,948 | 43,960 |
Awards outstanding, average grant date fair value | $21.91 | $0 |
Awards granted, average grant date fair value per share | $34.41 | $21.97 |
Awards vested, average grant date fair value per share | $27.25 | $0 |
Awards forfeited, average grant date fair value per share | $34.40 | $20.60 |
Awards outstanding, average grant date fair value | $28.59 | $21.91 |
EquityBased_Compensation_Equit2
Equity-Based Compensation Equity-Based Compensation (Details 3) (Rose Rock equity incentive plan [Member]) | Dec. 31, 2013 |
Awards to Vest in Next Twelve Months [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Outstanding, shares | 5,712 |
Awards to Vest in Year Two [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Outstanding, shares | 34,627 |
Awards to Vest in Year Three [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Outstanding, shares | 42,609 |
EquityBased_Compensation_Detai1
Equity-Based Compensation (Details Textual) (USD $) | 12 Months Ended | 0 Months Ended | 1 Months Ended | 12 Months Ended | 1 Months Ended | 12 Months Ended | |||||||||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Jan. 02, 2014 | Jan. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Jan. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | |
Stock Compensation Plan [Member] | Stock Compensation Plan [Member] | Stock Compensation Plan [Member] | Retention Awards [Member] | 2013 stock compensation awards [Member] | 2012 stock compensation awards [Member] | 2011 stock compensation awards [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Rose Rock equity incentive plan [Member] | Rose Rock equity incentive plan [Member] | Rose Rock equity incentive plan [Member] | Rose Rock Midstream L P [Member] | Rose Rock Midstream L P [Member] | ||||
Stock Compensation Plan [Member] | Stock Compensation Plan [Member] | Distribution equivalent [Member] | |||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common stock reserved for issuance pursuant to employee and director compensation programs | ' | ' | ' | 2,781,635 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Awards vested, shares | ' | ' | ' | 107,988 | 162,986 | 201,361 | ' | ' | ' | ' | 75,942 | 75,942 | ' | ' | 406 | 9,333 | 0 |
Value of unvested dividend rights to be settled in Class A shares | $120,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of Class A shares equal to unvested dividend rights | 1,839 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Equity-based compensation expense recognized | 6,500,000 | 6,200,000 | 5,400,000 | ' | ' | ' | 2,400,000 | ' | ' | ' | ' | ' | 800,000 | 300,000 | ' | ' | ' |
Unrecognized compensation expense for nonvested awards | 10,300,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,500,000 | ' | ' | ' | ' |
Weighted average vesting period | '17 months | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '19 months | ' | ' | ' | ' |
General partner ownership interest | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2.00% | ' |
Unvested Unit Distributions Value | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 101,000 | ' | ' | ' | ' |
Number Of Common Units Equivalent To Unvested Unit Distributions | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,617 | ' | ' | ' | ' |
Cash used to settle awards | ' | ' | ' | ' | ' | ' | 1,200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Liability of awards settled | ' | ' | ' | ' | ' | ' | $3,200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common stock, shares issued to settle awards | ' | ' | ' | ' | ' | ' | 125,212 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share price | $65.23 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $38.70 | ' |
Estimated grant date fair value prior to listing | ' | ' | ' | $25 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Equity-based compensation awards which could vest if certain targets are met | ' | ' | ' | ' | ' | ' | ' | 74,000 | 41,000 | 26,000 | ' | ' | ' | ' | ' | ' | ' |
Percentage of awards assumed will ultimately vest at grant date | 100.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Equity-based award volatility assumption | 28.90% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of volatility assumption based on historical volatility | 50.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of volatility assumption based on implied volatility | 50.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Employee_Benefit_Plans_Details
Employee Benefit Plans (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Change in projected benefit obligation: | ' | ' | ' |
Projected benefit obligation at beginning of year | $28,357 | $26,767 | ' |
Service cost | 577 | 596 | 742 |
Interest cost | 1,047 | 1,134 | 1,494 |
Actuarial (gains) losses | -3,022 | 1,436 | ' |
Benefits paid | -968 | -2,193 | ' |
Currency translation adjustment | -1,955 | 617 | ' |
Projected benefit obligation at end of year | 24,036 | 28,357 | 26,767 |
Change in fair value of plan assets: | ' | ' | ' |
Fair value of plan assets at beginning of year | 22,727 | 21,008 | ' |
Employer contributions | 1,144 | 1,297 | ' |
Actual return on plan assets | 4,397 | 2,123 | ' |
Benefits paid | -968 | -2,193 | ' |
Currency translation adjustment | -1,718 | 492 | ' |
Fair value of plan assets at end of year | 25,582 | 22,727 | 21,008 |
Funded status: | 1,546 | -5,630 | ' |
Accumulated benefit obligation at end of year | $22,687 | $26,725 | ' |
Employee_Benefit_Plans_Employe
Employee Benefit Plans Employee Benefit Plans (Details 1) | Dec. 31, 2013 | Dec. 31, 2012 |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Benefit obligation discount rate | 4.70% | 3.90% |
Benefit obligation rate of compensation increase | 3.50% | 3.50% |
Employee_Benefit_Plans_Details1
Employee Benefit Plans (Details 2) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Compensation and Retirement Disclosure [Abstract] | ' | ' | ' |
Service cost | $577 | $596 | $742 |
Interest cost | 1,047 | 1,134 | 1,494 |
Expected return on plan assets | -1,298 | -1,263 | -1,585 |
Settlement loss | 0 | -55 | 703 |
Other | 186 | 118 | 0 |
Net periodic benefit cost | $512 | $530 | $1,354 |
Employee_Benefit_Plans_Employe1
Employee Benefit Plans Employee Benefit Plans (Details 3) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Net periodic benefit cost discount rate | 3.90% | 4.25% | 5.25% |
Net periodic benefit costs long-term rate of return on assets | 6.00% | 6.00% | 6.75% |
Net periodic benefit cost rate of compensation increase | 3.50% | 3.50% | 3.50% |
Employee_Benefit_Plans_Details2
Employee Benefit Plans (Details 4) (USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Compensation and Retirement Disclosure [Abstract] | ' |
Next twelve months | $1,636 |
Year two | 1,826 |
Year three | 1,999 |
Year four | 2,039 |
Year five | 1,808 |
Years six through ten | $8,732 |
Employee_Benefit_Plans_Details3
Employee Benefit Plans (Details 5) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | |||
Fair value of plan assets | $25,582 | $22,727 | $21,008 |
Cash and cash equivalents [Member] | ' | ' | ' |
Fair value of plan assets | 171 | 0 | ' |
Actual Allocation | 0.70% | ' | ' |
Normal Allocation Per Investment Policy | 0.00% | ' | ' |
Minimum Allocation Per Investment Policy | 0.00% | ' | ' |
Maximum Allocation Per Investment Policy | 10.00% | ' | ' |
Pooled Funds-fixed income [Member] | ' | ' | ' |
Fair value of plan assets | 8,381 | 8,018 | ' |
Actual Allocation | 32.80% | ' | ' |
Normal Allocation Per Investment Policy | 40.00% | ' | ' |
Minimum Allocation Per Investment Policy | 32.50% | ' | ' |
Maximum Allocation Per Investment Policy | 47.50% | ' | ' |
Pooled Funds-Canadian Equities [Member] | ' | ' | ' |
Fair value of plan assets | 8,324 | 7,391 | ' |
Actual Allocation | 32.50% | ' | ' |
Normal Allocation Per Investment Policy | 30.00% | ' | ' |
Minimum Allocation Per Investment Policy | 22.50% | ' | ' |
Maximum Allocation Per Investment Policy | 37.50% | ' | ' |
Pooled Funds-non-Canadian Equities [Member] | ' | ' | ' |
Fair value of plan assets | $8,706 | $7,318 | ' |
Actual Allocation | 34.00% | ' | ' |
Normal Allocation Per Investment Policy | 30.00% | ' | ' |
Minimum Allocation Per Investment Policy | 22.50% | ' | ' |
Maximum Allocation Per Investment Policy | 37.50% | ' | ' |
Employee_Benefit_Plans_Details4
Employee Benefit Plans (Details 6) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | ||
In Thousands, unless otherwise specified | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Total assets | $0 | $0 | ||
Level 1 [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Total assets | 36 | 22 | ||
Recurring [Member] | Level 1 [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Total assets | 171 | 0 | ||
Recurring [Member] | Level 1 [Member] | Cash and cash equivalents [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Total assets | 171 | 0 | ||
Recurring [Member] | Level 1 [Member] | Fixed income mutual funds [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Total assets | 0 | 0 | [1] | |
Recurring [Member] | Level 1 [Member] | Equity mutual funds [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Total assets | 0 | 0 | [1] | |
Recurring [Member] | Level 2 [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Total assets | 25,411 | 22,727 | ||
Recurring [Member] | Level 2 [Member] | Cash and cash equivalents [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Total assets | 0 | 0 | ||
Recurring [Member] | Level 2 [Member] | Fixed income mutual funds [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Total assets | 8,381 | [1] | 8,018 | [1] |
Recurring [Member] | Level 2 [Member] | Equity mutual funds [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Total assets | 17,030 | [1] | 14,709 | [1] |
Recurring [Member] | Level 3 [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Total assets | 0 | 0 | ||
Recurring [Member] | Level 3 [Member] | Cash and cash equivalents [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Total assets | 0 | 0 | ||
Recurring [Member] | Level 3 [Member] | Fixed income mutual funds [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Total assets | 0 | 0 | ||
Recurring [Member] | Level 3 [Member] | Equity mutual funds [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Total assets | $0 | $0 | ||
[1] | (a) Mutual funds are valued daily in actively traded markets by an independent custodian for the investment manager. For purposes of calculating the value, portfolio securities and other assets for which market quotes are readily available are valued at market value. Market value is generally determined on a basis of last reported sales prices, or if no sales are reported, based on quotes obtained from a quotation reporting system, established market makers, or pricing services. Investments initially valued in currencies other than the U.S. dollar are converted to the U.S. dollar using exchange rates obtained from pricing services. |
Employee_Benefit_Plans_Details5
Employee Benefit Plans (Details Textual) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Postretirement Benefits [Line Items] | ' | ' | ' |
Contributions to the defined contribution plans | $1,100,000 | $900,000 | $1,100,000 |
Funded status of the Pension Plans | 1,546,000 | -5,630,000 | ' |
Funded status of the pension plans to other comprehensive income (loss), net of income taxes | -4,800,000 | 400,000 | 1,700,000 |
Estimated contributions to pension plans | 1,000,000 | ' | ' |
Projected benefit obligation | 24,036,000 | 28,357,000 | 26,767,000 |
Severance Costs | ' | ' | 400,000 |
Retiree Medical Plan [Member] | ' | ' | ' |
Postretirement Benefits [Line Items] | ' | ' | ' |
Projected benefit obligation | 1,600,000 | 1,800,000 | ' |
Other Noncurrent Assets [Member] | ' | ' | ' |
Postretirement Benefits [Line Items] | ' | ' | ' |
Funded status of the Pension Plans | 1,546,000 | ' | ' |
Other Noncurrent Liabilities [Member] | ' | ' | ' |
Postretirement Benefits [Line Items] | ' | ' | ' |
Funded status of the Pension Plans | ' | ($5,630,000) | ' |
Accumulated_Other_Comprehensiv2
Accumulated Other Comprehensive Income (Loss) (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Beginning Balance | ($1,299) | ($13,875) | $1,115 |
Currency translation adjustments | -6,363 | 12,635 | -13,075 |
Changes related to benefit plans, net of income tax expense | 4,808 | -343 | -1,631 |
Changes related to interest rate swaps net income tax benefits | ' | 284 | -284 |
Ending Balance | -2,854 | -1,299 | -13,875 |
Changes related to interest rate swaps, income tax benefits | ' | ' | -74 |
Changes related to benefit plans, income tax expense (benefit) | 1,603 | -117 | -553 |
Changes related foreign currency translation, net of tax expense (benefit) | -3,999 | 1,168 | 0 |
Currency Translation [Member] | ' | ' | ' |
Beginning Balance | 1,855 | -10,780 | 2,295 |
Currency translation adjustments | -6,363 | 12,635 | -13,075 |
Changes related to benefit plans, net of income tax expense | 0 | 0 | 0 |
Changes related to interest rate swaps net income tax benefits | ' | 0 | 0 |
Ending Balance | -4,508 | 1,855 | -10,780 |
Employee Benefit Plans [Member] | ' | ' | ' |
Beginning Balance | -3,154 | -2,811 | -1,180 |
Currency translation adjustments | 0 | 0 | 0 |
Changes related to benefit plans, net of income tax expense | 4,808 | -343 | -1,631 |
Changes related to interest rate swaps net income tax benefits | ' | 0 | 0 |
Ending Balance | 1,654 | -3,154 | -2,811 |
Interest Rate Swaps [Member] | ' | ' | ' |
Beginning Balance | 0 | -284 | 0 |
Currency translation adjustments | 0 | 0 | 0 |
Changes related to benefit plans, net of income tax expense | 0 | 0 | 0 |
Changes related to interest rate swaps net income tax benefits | ' | 284 | -284 |
Ending Balance | $0 | $0 | ($284) |
Supplemental_Cash_Flow_Informa2
Supplemental Cash Flow Information (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Components of operating assets and liabilities | ' | ' | ' |
Decrease (increase) in restricted cash | $29,467 | $4,907 | $25,827 |
Decrease (increase) in accounts receivable | 11,172 | -129,102 | 28,568 |
Decrease (increase) in receivable from affiliates | -61,095 | 230 | -6,071 |
Decrease (increase) in inventories | -11,352 | -936 | -8,908 |
Decrease (increase) in derivatives and margin deposits | 1,012 | -1,245 | 14,287 |
Decrease (increase) in other current assets | 9,361 | 4,197 | -7,214 |
Increase (decrease) in other noncurrent assets | -137 | -2,467 | 1,874 |
Increase (decrease) in accounts payable and accrued liabilities | 31,030 | 114,776 | -9,446 |
Increase (decrease) in payable to affiliates | 62,279 | -6,871 | 6,614 |
Increase (decrease) in payables to pre-petition creditors | -29,609 | -5,206 | -34,490 |
Increase (decrease) in other noncurrent liabilities | -2,541 | 2,500 | 4,115 |
Total changes in operating assets and liabilities | $39,861 | ($14,283) | $11,408 |
Supplemental_Cash_Flow_Informa3
Supplemental Cash Flow Information (Details Textual) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Other Significant Noncash Transactions [Line Items] | ' | ' | ' |
Sale of interest in equity investment to related party | $67,291,000 | ' | ' |
Tax effect of adjustment to APIC from sale of equity investment to less than wholly owned subsidiary | 67,300,000 | ' | ' |
Proceeds from warrant exercises | 225,000 | 0 | 0 |
Cash paid for interest | 23,900,000 | 8,000,000 | 32,600,000 |
Income taxes (net of refunds received) | 13,900,000 | 11,400,000 | 10,100,000 |
Purchases Of Property, Plant And Equipment, Accrued | 10,100,000 | 1,600,000 | 4,000,000 |
Noncontrolling Interest [Member] | ' | ' | ' |
Other Significant Noncash Transactions [Line Items] | ' | ' | ' |
Sale of interest in equity investment to related party | 180,220,000 | ' | ' |
Additional Paid-in Capital [Member] | ' | ' | ' |
Other Significant Noncash Transactions [Line Items] | ' | ' | ' |
Sale of interest in equity investment to related party | -112,929,000 | ' | ' |
Warrant [Member] | ' | ' | ' |
Other Significant Noncash Transactions [Line Items] | ' | ' | ' |
Increase in additional paid in capital due to warrant exercises | $21,400,000 | ' | ' |
Quarterly_Financial_Data_Detai
Quarterly Financial Data (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Quarterly Financial Data [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total revenues | $457,328 | $357,748 | $324,244 | $287,696 | $315,837 | $277,852 | $331,777 | $312,031 | $1,427,016 | $1,237,497 | $1,465,246 |
Loss (gain) on disposal or impairment of long-lived assets, net | -109 | 408 | -376 | -162 | -35 | -3,615 | 119 | 0 | -239 | -3,531 | 301 |
Other operating costs and expenses | 448,796 | 344,979 | 312,103 | 282,813 | 306,920 | 270,958 | 330,768 | 311,067 | 1,388,691 | 1,219,713 | ' |
Total expenses | 448,687 | 345,387 | 311,727 | 282,651 | 306,885 | 267,343 | 330,887 | 311,067 | 1,388,452 | 1,216,182 | 1,425,051 |
Earnings from equity method investments | 12,788 | 7,483 | 14,861 | 17,345 | 13,133 | 3,116 | 12,289 | 7,498 | 52,477 | 36,036 | 15,004 |
Gain on issuance of common units by equity method investee | 26,873 | 0 | 0 | 0 | ' | ' | ' | ' | 26,873 | 0 | 0 |
Operating income | 48,302 | 19,844 | 27,378 | 22,390 | 22,085 | 13,625 | 13,179 | 8,462 | 117,914 | 57,351 | 55,199 |
Other expenses, net | 17,646 | 13,294 | 10,613 | 27,862 | 5,567 | 11,701 | 5,587 | 7,616 | 69,415 | 30,471 | 45,149 |
Income (loss) from continuing operations before income taxes | 30,656 | 6,550 | 16,765 | -5,472 | 16,518 | 1,924 | 7,592 | 846 | 48,499 | 26,880 | 10,050 |
Income tax expense (benefit) | 24,051 | 3,413 | 9,288 | -54,006 | -3,066 | 2,092 | -92 | -1,012 | -17,254 | -2,078 | -2,310 |
Income (loss) from continuing operations | 6,605 | 3,137 | 7,477 | 48,534 | 19,584 | -168 | 7,684 | 1,858 | 65,753 | 28,958 | ' |
Income (loss) from discontinued operations, net of income taxes | -6 | -2 | 35 | 32 | 3,392 | -264 | -441 | 252 | 59 | 2,939 | -9,548 |
Net income (loss) | 6,599 | 3,135 | 7,512 | 48,566 | 22,976 | -432 | 7,243 | 2,110 | 65,812 | 31,897 | 2,812 |
Less: net income attributable to noncontrolling interests | 3,319 | 5,054 | 3,943 | 5,143 | 1,882 | 2,336 | 2,096 | 3,483 | 17,710 | 9,797 | 435 |
Net income (loss) attributable to SemGroup | $3,280 | ($1,919) | $3,569 | $43,423 | $21,094 | ($2,768) | $5,147 | ($1,373) | $48,102 | $22,100 | $2,377 |
Basic earnings (loss) per share, net | $0.08 | ($0.05) | $0.08 | $1.03 | $0.50 | ($0.07) | $0.12 | ($0.03) | $1.14 | $0.53 | $0.06 |
Diluted earnings (loss) per share, Net | $0.08 | ($0.05) | $0.08 | $1.03 | $0.50 | ($0.07) | $0.12 | ($0.03) | $1.13 | $0.52 | ($0.06) |
Related_Party_Transactions_Det
Related Party Transactions (Details) (NGL Energy [Member], USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
NGL Energy [Member] | ' | ' | ' |
Related Party Transaction | ' | ' | ' |
Revenues from related party | $103,203 | $58,643 | $9,708 |
Purchases from related party | 15,255 | 42,741 | 11,270 |
Reimbursements from NGL Energy for transition services | $198 | $575 | $346 |
Related_Party_Transactions_Det1
Related Party Transactions (Details Textual) (USD $) | 12 Months Ended | 12 Months Ended | 12 Months Ended | |||||||||||||||
Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | 31-May-12 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | |
Gavilon, L.L.C. [Member] | High Sierra Crude Oil and Marketing, LLC [Member] | High Sierra Crude Oil and Marketing, LLC [Member] | White Cliffs Pipeline, LLC [Member] | White Cliffs Pipeline, LLC [Member] | White Cliffs Pipeline, LLC [Member] | Law Firm [Member] | Law Firm [Member] | Law Firm [Member] | Glass Mountain Holding LLC [Member] | Glass Mountain Pipeline Llc [Member] | Glass Mountain Pipeline Llc [Member] | White Cliffs Pipeline, LLC [Member] | White Cliffs Pipeline, LLC [Member] | White Cliffs Pipeline, LLC [Member] | Glass Mountain Pipeline Llc [Member] | Crude [Member] | Crude [Member] | |
Glass Mountain Pipeline Llc [Member] | Glass Mountain Holding LLC [Member] | Glass Mountain Holding LLC [Member] | Law Firm [Member] | Law Firm [Member] | Law Firm [Member] | Ngl Energy Partners Lp [Member] | mi | Glass Mountain Pipeline Llc [Member] | ||||||||||
mi | ||||||||||||||||||
Related Party Transactions (Textual) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues from related party | $560,400,000 | $132,800,000 | $42,600,000 | $2,900,000 | $2,500,000 | $2,200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Purchases from related party | 552,100,000 | 102,200,000 | 44,400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Length of pipeline network (in miles) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 624 | 210 |
Due from related party | ' | ' | ' | ' | ' | ' | ' | ' | ' | 900,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Repayments on related party debt | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 500,000 | 400,000 | ' | ' | ' | ' | ' | ' |
Equity method investment, ownership percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 50.00% | ' | 50.00% |
Legal fees | ' | ' | ' | ' | ' | ' | $1,900,000 | $1,700,000 | $1,800,000 | ' | ' | ' | $200,000 | $100,000 | $200,000 | ' | ' | ' |
Condensed_Consolidating_Guaran2
Condensed Consolidating Guarantor Financial Statements (Details) (USD $) | 1 Months Ended | 3 Months Ended | 12 Months Ended | ||||||||||
Aug. 31, 2013 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | |
Cash and cash equivalents | ' | $79,351,000 | ' | ' | ' | $80,029,000 | ' | ' | ' | $79,351,000 | $80,029,000 | $73,613,000 | $87,821,000 |
Restricted cash | ' | 5,119,000 | ' | ' | ' | 34,678,000 | ' | ' | ' | 5,119,000 | 34,678,000 | ' | ' |
Accounts Receivable, net | ' | 323,965,000 | ' | ' | ' | 346,169,000 | ' | ' | ' | 323,965,000 | 346,169,000 | ' | ' |
Receivable from affiliates | ' | 67,273,000 | ' | ' | ' | 6,178,000 | ' | ' | ' | 67,273,000 | 6,178,000 | ' | ' |
Inventories | ' | 44,295,000 | ' | ' | ' | 34,433,000 | ' | ' | ' | 44,295,000 | 34,433,000 | ' | ' |
Other current assets | ' | 14,011,000 | ' | ' | ' | 18,516,000 | ' | ' | ' | 14,011,000 | 18,516,000 | ' | ' |
Total current assets | ' | 534,014,000 | ' | ' | ' | 520,003,000 | ' | ' | ' | 534,014,000 | 520,003,000 | ' | ' |
Property, plant and equipment | ' | 1,105,728,000 | ' | ' | ' | 814,724,000 | ' | ' | ' | 1,105,728,000 | 814,724,000 | ' | ' |
Equity method investments | ' | 565,124,000 | ' | ' | ' | 387,802,000 | ' | ' | ' | 565,124,000 | 387,802,000 | ' | ' |
Goodwill | ' | 62,021,000 | ' | ' | ' | 9,884,000 | ' | ' | ' | 62,021,000 | 9,884,000 | 9,453,000 | 107,823,000 |
Other intangible assets | ' | 174,838,000 | ' | ' | ' | 7,585,000 | ' | ' | ' | 174,838,000 | 7,585,000 | ' | ' |
Other noncurrent assets | ' | 28,889,000 | ' | ' | ' | 8,181,000 | ' | ' | ' | 28,889,000 | 8,181,000 | ' | ' |
Total assets | ' | 2,470,614,000 | ' | ' | ' | 1,748,179,000 | ' | ' | ' | 2,470,614,000 | 1,748,179,000 | ' | ' |
Accounts payable | ' | 254,467,000 | ' | ' | ' | 253,623,000 | ' | ' | ' | 254,467,000 | 253,623,000 | ' | ' |
Accrued liabilities | ' | 83,429,000 | ' | ' | ' | 63,831,000 | ' | ' | ' | 83,429,000 | 63,831,000 | ' | ' |
Payables to pre-petition creditors | ' | 3,177,000 | ' | ' | ' | 32,933,000 | ' | ' | ' | 3,177,000 | 32,933,000 | ' | ' |
Deferred revenue | ' | 25,538,000 | ' | ' | ' | 18,973,000 | ' | ' | ' | 25,538,000 | 18,973,000 | ' | ' |
Other Liabilities, Current | ' | 12,153,000 | ' | ' | ' | 4,960,000 | ' | ' | ' | 12,153,000 | 4,960,000 | ' | ' |
Other current liabilities | ' | 70,287,000 | ' | ' | ' | ' | ' | ' | ' | 70,287,000 | ' | ' | ' |
Current portion of long-term debt | ' | 37,000 | ' | ' | ' | 24,000 | ' | ' | ' | 37,000 | 24,000 | ' | ' |
Total current liabilities | ' | 499,214,000 | ' | ' | ' | 374,344,000 | ' | ' | ' | 499,214,000 | 374,344,000 | ' | ' |
Long-term debt | ' | 615,088,000 | ' | ' | ' | 206,062,000 | ' | ' | ' | 615,088,000 | 206,062,000 | ' | ' |
Deferred income taxes | ' | 100,945,000 | ' | ' | ' | 65,620,000 | ' | ' | ' | 100,945,000 | 65,620,000 | ' | ' |
Other noncurrent liabilities | ' | 41,504,000 | ' | ' | ' | 80,625,000 | ' | ' | ' | 41,504,000 | 80,625,000 | ' | ' |
Commitments and contingencies | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stockholders' Equity Attributable to Parent | ' | 1,053,902,000 | ' | ' | ' | 892,394,000 | ' | ' | ' | 1,053,902,000 | 892,394,000 | ' | ' |
Noncontrolling interests in consolidated subsidiaries | ' | 159,961,000 | ' | ' | ' | 129,134,000 | ' | ' | ' | 159,961,000 | 129,134,000 | ' | ' |
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | ' | 1,213,863,000 | ' | ' | ' | 1,021,528,000 | ' | ' | ' | 1,213,863,000 | 1,021,528,000 | 978,665,000 | 855,068,000 |
Liabilities and Equity | ' | 2,470,614,000 | ' | ' | ' | 1,748,179,000 | ' | ' | ' | 2,470,614,000 | 1,748,179,000 | ' | ' |
Sales Revenue, Goods, Gross | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,145,104,000 | 953,738,000 | 1,237,313,000 | ' |
Sales Revenue, Services, Other | ' | ' | ' | ' | ' | ' | ' | ' | ' | 140,198,000 | 117,721,000 | 123,345,000 | ' |
Other Revenue, Net | ' | ' | ' | ' | ' | ' | ' | ' | ' | 141,714,000 | 166,038,000 | 104,588,000 | ' |
Revenue | ' | 457,328,000 | 357,748,000 | 324,244,000 | 287,696,000 | 315,837,000 | 277,852,000 | 331,777,000 | 312,031,000 | 1,427,016,000 | 1,237,497,000 | 1,465,246,000 | ' |
Costs of products sold | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,020,100,000 | 874,885,000 | 1,144,439,000 | ' |
Operating Costs and Expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | 223,585,000 | 224,700,000 | 155,041,000 | ' |
General and administrative | ' | ' | ' | ' | ' | ' | ' | ' | ' | 78,597,000 | 71,918,000 | 75,447,000 | ' |
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | ' | 66,409,000 | 48,210,000 | 49,823,000 | ' |
Loss (gain) on disposal or impairment of long-lived assets, net | ' | -109,000 | 408,000 | -376,000 | -162,000 | -35,000 | -3,615,000 | 119,000 | 0 | -239,000 | -3,531,000 | 301,000 | ' |
Costs and Expenses | ' | 448,687,000 | 345,387,000 | 311,727,000 | 282,651,000 | 306,885,000 | 267,343,000 | 330,887,000 | 311,067,000 | 1,388,452,000 | 1,216,182,000 | 1,425,051,000 | ' |
Earnings from equity method investments | ' | 12,788,000 | 7,483,000 | 14,861,000 | 17,345,000 | 13,133,000 | 3,116,000 | 12,289,000 | 7,498,000 | 52,477,000 | 36,036,000 | 15,004,000 | ' |
Gain on issuance of common units by equity method investee | ' | 26,873,000 | 0 | 0 | 0 | ' | ' | ' | ' | 26,873,000 | 0 | 0 | ' |
Operating income (loss) | ' | 48,302,000 | 19,844,000 | 27,378,000 | 22,390,000 | 22,085,000 | 13,625,000 | 13,179,000 | 8,462,000 | 117,914,000 | 57,351,000 | 55,199,000 | ' |
Interest Expense | ' | ' | ' | ' | ' | ' | ' | ' | ' | 25,142,000 | 8,902,000 | 60,138,000 | ' |
Foreign Currency Transaction Gain (Loss), before Tax | ' | ' | ' | ' | ' | ' | ' | ' | ' | -1,633,000 | 298,000 | -3,450,000 | ' |
Other expense (income), net | ' | ' | ' | ' | ' | ' | ' | ' | ' | 45,906,000 | 21,271,000 | -11,539,000 | ' |
Other expenses, net | ' | 17,646,000 | 13,294,000 | 10,613,000 | 27,862,000 | 5,567,000 | 11,701,000 | 5,587,000 | 7,616,000 | 69,415,000 | 30,471,000 | 45,149,000 | ' |
Income (loss) from continuing operations before income taxes | ' | 30,656,000 | 6,550,000 | 16,765,000 | -5,472,000 | 16,518,000 | 1,924,000 | 7,592,000 | 846,000 | 48,499,000 | 26,880,000 | 10,050,000 | ' |
Income tax expense (benefit) | ' | 24,051,000 | 3,413,000 | 9,288,000 | -54,006,000 | -3,066,000 | 2,092,000 | -92,000 | -1,012,000 | -17,254,000 | -2,078,000 | -2,310,000 | ' |
Income (Loss) from Continuing Operations Attributable to Parent | ' | ' | ' | ' | ' | ' | ' | ' | ' | 65,753,000 | 28,958,000 | 12,360,000 | ' |
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | ' | -6,000 | -2,000 | 35,000 | 32,000 | 3,392,000 | -264,000 | -441,000 | 252,000 | 59,000 | 2,939,000 | -9,548,000 | ' |
Net income (loss) | ' | 6,599,000 | 3,135,000 | 7,512,000 | 48,566,000 | 22,976,000 | -432,000 | 7,243,000 | 2,110,000 | 65,812,000 | 31,897,000 | 2,812,000 | ' |
Less: net income attributable to noncontrolling interests | ' | 3,319,000 | 5,054,000 | 3,943,000 | 5,143,000 | 1,882,000 | 2,336,000 | 2,096,000 | 3,483,000 | 17,710,000 | 9,797,000 | 435,000 | ' |
Net income (loss) attributable to SemGroup | ' | 3,280,000 | -1,919,000 | 3,569,000 | 43,423,000 | 21,094,000 | -2,768,000 | 5,147,000 | -1,373,000 | 48,102,000 | 22,100,000 | 2,377,000 | ' |
Other Comprehensive Income (Loss), Net of Tax | ' | ' | ' | ' | ' | ' | ' | ' | ' | -1,555,000 | 12,576,000 | -14,990,000 | ' |
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | ' | ' | ' | ' | ' | ' | ' | ' | ' | 64,257,000 | 44,473,000 | -12,178,000 | ' |
Comprehensive (Income) Loss, Net of Tax, Attributable to Noncontrolling Interest | ' | ' | ' | ' | ' | ' | ' | ' | ' | 17,710,000 | 9,797,000 | 435,000 | ' |
Comprehensive Income (Loss), Net of Tax, Attributable to Parent | ' | ' | ' | ' | ' | ' | ' | ' | ' | 46,547,000 | 34,676,000 | -12,613,000 | ' |
Net Cash Provided by (Used in) Operating Activities | ' | ' | ' | ' | ' | ' | ' | ' | ' | 173,409,000 | 79,642,000 | 74,041,000 | ' |
Capital expenditures | ' | ' | ' | ' | ' | ' | ' | ' | ' | -215,609,000 | -119,319,000 | -65,995,000 | ' |
Proceeds from sale of long-lived assets | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,279,000 | 2,641,000 | 1,125,000 | ' |
Investments in non-consolidated subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | ' | -173,868,000 | -78,253,000 | -3,717,000 | ' |
Payments to acquire businesses | ' | ' | ' | ' | ' | ' | ' | ' | ' | -362,456,000 | 0 | 0 | ' |
Proceeds from sale of non-consolidated affiliate | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 3,500,000 | 0 | ' |
Proceeds from the sale of SemStream assets | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 12,250,000 | 93,054,000 | ' |
Proceeds from Sale of Equity Method Investments | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | 0 | ' |
Distributions in excess of equity in earnings of affiliates | ' | ' | ' | ' | ' | ' | ' | ' | ' | 12,246,000 | 17,290,000 | 12,455,000 | ' |
Net Cash Provided by (Used in) Investing Activities | ' | ' | ' | ' | ' | ' | ' | ' | ' | -738,408,000 | -161,891,000 | 36,922,000 | ' |
Payments of Debt Issuance Costs | ' | ' | ' | ' | ' | ' | ' | ' | ' | -14,936,000 | -707,000 | -12,533,000 | ' |
Proceeds from Issuance of Long-term Debt and Capital Securities, Net | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,268,474,000 | 318,000,000 | 263,905,000 | ' |
Repayments of Long-term Debt, Long-term Capital Lease Obligations, and Capital Securities | ' | ' | ' | ' | ' | ' | ' | ' | ' | -859,412,000 | -222,066,000 | -503,189,000 | ' |
Proceeds from issuance of Rose Rock Midstream, L.P. common units, net of offering costs | 152,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | 210,226,000 | 0 | 127,134,000 | ' |
Distributions to noncontrolling interests | ' | ' | ' | ' | ' | ' | ' | ' | ' | -17,647,000 | -8,502,000 | 0 | ' |
Proceeds from warrant exercises | ' | ' | ' | ' | ' | ' | ' | ' | ' | 225,000 | 0 | 0 | ' |
Repurchase of common stock | ' | ' | ' | ' | ' | ' | ' | ' | ' | -371,000 | -242,000 | 0 | ' |
Dividends paid | ' | ' | ' | ' | ' | ' | ' | ' | ' | -25,429,000 | 0 | 0 | ' |
Intercompany payments and receipts | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | ' |
Net Cash Provided by (Used in) Financing Activities | ' | ' | ' | ' | ' | ' | ' | ' | ' | 561,130,000 | 86,483,000 | -124,683,000 | ' |
Effect of exchange rate changes on cash and cash equivalents | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,191,000 | -610,000 | -34,000 | ' |
Cash and Cash Equivalents, Period Increase (Decrease) | ' | ' | ' | ' | ' | ' | ' | ' | ' | -678,000 | 3,624,000 | -13,754,000 | ' |
Change in cash and cash equivalents included in discontinued operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 2,792,000 | -454,000 | ' |
Change in cash and cash equivalents from continuing operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | -678,000 | 6,416,000 | -14,208,000 | ' |
Parent Company [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cash and cash equivalents | ' | 2,545,000 | ' | ' | ' | 19,123,000 | ' | ' | ' | 2,545,000 | 19,123,000 | 111,000 | 7,216,000 |
Restricted cash | ' | 3,851,000 | ' | ' | ' | 33,324,000 | ' | ' | ' | 3,851,000 | 33,324,000 | ' | ' |
Accounts Receivable, net | ' | 649,000 | ' | ' | ' | 1,155,000 | ' | ' | ' | 649,000 | 1,155,000 | ' | ' |
Receivable from affiliates | ' | 1,519,000 | ' | ' | ' | 827,000 | ' | ' | ' | 1,519,000 | 827,000 | ' | ' |
Inventories | ' | 0 | ' | ' | ' | 0 | ' | ' | ' | 0 | 0 | ' | ' |
Other current assets | ' | 8,712,000 | ' | ' | ' | 2,528,000 | ' | ' | ' | 8,712,000 | 2,528,000 | ' | ' |
Total current assets | ' | 17,276,000 | ' | ' | ' | 56,957,000 | ' | ' | ' | 17,276,000 | 56,957,000 | ' | ' |
Property, plant and equipment | ' | 4,114,000 | ' | ' | ' | 5,399,000 | ' | ' | ' | 4,114,000 | 5,399,000 | ' | ' |
Equity method investments | ' | 1,511,922,000 | ' | ' | ' | 1,104,832,000 | ' | ' | ' | 1,511,922,000 | 1,104,832,000 | ' | ' |
Goodwill | ' | 0 | ' | ' | ' | 0 | ' | ' | ' | 0 | 0 | ' | ' |
Other intangible assets | ' | 31,000 | ' | ' | ' | 36,000 | ' | ' | ' | 31,000 | 36,000 | ' | ' |
Other noncurrent assets | ' | 15,263,000 | ' | ' | ' | 3,606,000 | ' | ' | ' | 15,263,000 | 3,606,000 | ' | ' |
Total assets | ' | 1,548,606,000 | ' | ' | ' | 1,170,830,000 | ' | ' | ' | 1,548,606,000 | 1,170,830,000 | ' | ' |
Accounts payable | ' | 1,172,000 | ' | ' | ' | 70,000 | ' | ' | ' | 1,172,000 | 70,000 | ' | ' |
Accrued liabilities | ' | 10,072,000 | ' | ' | ' | 8,972,000 | ' | ' | ' | 10,072,000 | 8,972,000 | ' | ' |
Payables to pre-petition creditors | ' | 3,124,000 | ' | ' | ' | 32,876,000 | ' | ' | ' | 3,124,000 | 32,876,000 | ' | ' |
Deferred revenue | ' | 0 | ' | ' | ' | 0 | ' | ' | ' | 0 | 0 | ' | ' |
Other Liabilities, Current | ' | ' | ' | ' | ' | 134,000 | ' | ' | ' | ' | 134,000 | ' | ' |
Other current liabilities | ' | 61,875,000 | ' | ' | ' | ' | ' | ' | ' | 61,875,000 | ' | ' | ' |
Current portion of long-term debt | ' | 0 | ' | ' | ' | 0 | ' | ' | ' | 0 | 0 | ' | ' |
Total current liabilities | ' | 76,260,000 | ' | ' | ' | 42,052,000 | ' | ' | ' | 76,260,000 | 42,052,000 | ' | ' |
Long-term debt | ' | 370,000,000 | ' | ' | ' | 201,500,000 | ' | ' | ' | 370,000,000 | 201,500,000 | ' | ' |
Deferred income taxes | ' | 48,436,000 | ' | ' | ' | 2,018,000 | ' | ' | ' | 48,436,000 | 2,018,000 | ' | ' |
Other noncurrent liabilities | ' | 8,000 | ' | ' | ' | 32,866,000 | ' | ' | ' | 8,000 | 32,866,000 | ' | ' |
Stockholders' Equity Attributable to Parent | ' | 1,053,902,000 | ' | ' | ' | 892,394,000 | ' | ' | ' | 1,053,902,000 | 892,394,000 | ' | ' |
Noncontrolling interests in consolidated subsidiaries | ' | 0 | ' | ' | ' | 0 | ' | ' | ' | 0 | 0 | ' | ' |
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | ' | 1,053,902,000 | ' | ' | ' | 892,394,000 | ' | ' | ' | 1,053,902,000 | 892,394,000 | ' | ' |
Liabilities and Equity | ' | 1,548,606,000 | ' | ' | ' | 1,170,830,000 | ' | ' | ' | 1,548,606,000 | 1,170,830,000 | ' | ' |
Sales Revenue, Goods, Gross | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | ' |
Sales Revenue, Services, Other | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | ' |
Other Revenue, Net | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | ' |
Revenue | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | ' |
Costs of products sold | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | ' |
Operating Costs and Expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | ' |
General and administrative | ' | ' | ' | ' | ' | ' | ' | ' | ' | 21,560,000 | 22,105,000 | 15,564,000 | ' |
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,001,000 | 2,496,000 | 2,930,000 | ' |
Loss (gain) on disposal or impairment of long-lived assets, net | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 1,605,000 | ' |
Costs and Expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | 23,561,000 | 24,601,000 | 20,099,000 | ' |
Earnings from equity method investments | ' | ' | ' | ' | ' | ' | ' | ' | ' | 67,965,000 | 66,671,000 | 32,096,000 | ' |
Gain on issuance of common units by equity method investee | ' | ' | ' | ' | ' | ' | ' | ' | ' | 26,873,000 | ' | ' | ' |
Operating income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | 71,277,000 | 42,070,000 | 11,997,000 | ' |
Interest Expense | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,826,000 | 3,942,000 | 24,352,000 | ' |
Foreign Currency Transaction Gain (Loss), before Tax | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | ' |
Other expense (income), net | ' | ' | ' | ' | ' | ' | ' | ' | ' | 40,928,000 | 15,698,000 | -12,141,000 | ' |
Other expenses, net | ' | ' | ' | ' | ' | ' | ' | ' | ' | 45,754,000 | 19,640,000 | 12,211,000 | ' |
Income (loss) from continuing operations before income taxes | ' | ' | ' | ' | ' | ' | ' | ' | ' | 25,523,000 | 22,430,000 | -214,000 | ' |
Income tax expense (benefit) | ' | ' | ' | ' | ' | ' | ' | ' | ' | -22,579,000 | 334,000 | -2,485,000 | ' |
Income (Loss) from Continuing Operations Attributable to Parent | ' | ' | ' | ' | ' | ' | ' | ' | ' | 48,102,000 | 22,096,000 | 2,271,000 | ' |
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 4,000 | 106,000 | ' |
Net income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | 48,102,000 | 22,100,000 | 2,377,000 | ' |
Less: net income attributable to noncontrolling interests | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net income (loss) attributable to SemGroup | ' | ' | ' | ' | ' | ' | ' | ' | ' | 48,102,000 | 22,100,000 | 2,377,000 | ' |
Other Comprehensive Income (Loss), Net of Tax | ' | ' | ' | ' | ' | ' | ' | ' | ' | -1,517,000 | 917,000 | -1,853,000 | ' |
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | ' | ' | ' | ' | ' | ' | ' | ' | ' | 46,585,000 | 23,017,000 | 524,000 | ' |
Comprehensive (Income) Loss, Net of Tax, Attributable to Noncontrolling Interest | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | ' |
Comprehensive Income (Loss), Net of Tax, Attributable to Parent | ' | ' | ' | ' | ' | ' | ' | ' | ' | 46,585,000 | 23,017,000 | 524,000 | ' |
Net Cash Provided by (Used in) Operating Activities | ' | ' | ' | ' | ' | ' | ' | ' | ' | 20,130,000 | -4,535,000 | 6,817,000 | ' |
Capital expenditures | ' | ' | ' | ' | ' | ' | ' | ' | ' | -734,000 | -1,977,000 | -2,080,000 | ' |
Proceeds from sale of long-lived assets | ' | ' | ' | ' | ' | ' | ' | ' | ' | 23,000 | 19,000 | 0 | ' |
Investments in non-consolidated subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | ' | -18,775,000 | -1,740,000 | -3,218,000 | ' |
Payments to acquire businesses | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' | ' |
Proceeds from sale of non-consolidated affiliate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' |
Proceeds from the sale of SemStream assets | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 12,250,000 | 93,054,000 | ' |
Proceeds from Sale of Equity Method Investments | ' | ' | ' | ' | ' | ' | ' | ' | ' | -362,600,000 | ' | 127,134,000 | ' |
Distributions in excess of equity in earnings of affiliates | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 9,218,000 | 0 | ' |
Net Cash Provided by (Used in) Investing Activities | ' | ' | ' | ' | ' | ' | ' | ' | ' | 343,114,000 | 17,770,000 | 214,890,000 | ' |
Payments of Debt Issuance Costs | ' | ' | ' | ' | ' | ' | ' | ' | ' | -10,866,000 | -455,000 | -10,867,000 | ' |
Proceeds from Issuance of Long-term Debt and Capital Securities, Net | ' | ' | ' | ' | ' | ' | ' | ' | ' | 706,000,000 | 318,000,000 | 255,471,000 | ' |
Repayments of Long-term Debt, Long-term Capital Lease Obligations, and Capital Securities | ' | ' | ' | ' | ' | ' | ' | ' | ' | -537,500,000 | -194,000,000 | -498,515,000 | ' |
Proceeds from issuance of Rose Rock Midstream, L.P. common units, net of offering costs | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | 0 | ' |
Distributions to noncontrolling interests | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' |
Proceeds from warrant exercises | ' | ' | ' | ' | ' | ' | ' | ' | ' | 225,000 | ' | ' | ' |
Repurchase of common stock | ' | ' | ' | ' | ' | ' | ' | ' | ' | -371,000 | -242,000 | ' | ' |
Dividends paid | ' | ' | ' | ' | ' | ' | ' | ' | ' | -25,429,000 | ' | ' | ' |
Intercompany payments and receipts | ' | ' | ' | ' | ' | ' | ' | ' | ' | -511,881,000 | -117,526,000 | 25,099,000 | ' |
Net Cash Provided by (Used in) Financing Activities | ' | ' | ' | ' | ' | ' | ' | ' | ' | -379,822,000 | 5,777,000 | -228,812,000 | ' |
Effect of exchange rate changes on cash and cash equivalents | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | ' |
Cash and Cash Equivalents, Period Increase (Decrease) | ' | ' | ' | ' | ' | ' | ' | ' | ' | -16,578,000 | 19,012,000 | -7,105,000 | ' |
Change in cash and cash equivalents included in discontinued operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' |
Change in cash and cash equivalents from continuing operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 19,012,000 | -7,105,000 | ' |
Guarantor Subsidiaries [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cash and cash equivalents | ' | 0 | ' | ' | ' | 0 | ' | ' | ' | 0 | 0 | 0 | 0 |
Restricted cash | ' | 0 | ' | ' | ' | 0 | ' | ' | ' | 0 | 0 | ' | ' |
Accounts Receivable, net | ' | 14,642,000 | ' | ' | ' | 7,927,000 | ' | ' | ' | 14,642,000 | 7,927,000 | ' | ' |
Receivable from affiliates | ' | 14,063,000 | ' | ' | ' | 7,222,000 | ' | ' | ' | 14,063,000 | 7,222,000 | ' | ' |
Inventories | ' | 1,046,000 | ' | ' | ' | 181,000 | ' | ' | ' | 1,046,000 | 181,000 | ' | ' |
Other current assets | ' | 193,000 | ' | ' | ' | 312,000 | ' | ' | ' | 193,000 | 312,000 | ' | ' |
Total current assets | ' | 29,944,000 | ' | ' | ' | 15,642,000 | ' | ' | ' | 29,944,000 | 15,642,000 | ' | ' |
Property, plant and equipment | ' | 366,067,000 | ' | ' | ' | 122,899,000 | ' | ' | ' | 366,067,000 | 122,899,000 | ' | ' |
Equity method investments | ' | 461,056,000 | ' | ' | ' | 468,033,000 | ' | ' | ' | 461,056,000 | 468,033,000 | ' | ' |
Goodwill | ' | 23,839,000 | ' | ' | ' | 0 | ' | ' | ' | 23,839,000 | 0 | ' | ' |
Other intangible assets | ' | 163,144,000 | ' | ' | ' | 0 | ' | ' | ' | 163,144,000 | 0 | ' | ' |
Other noncurrent assets | ' | 1,302,000 | ' | ' | ' | 1,317,000 | ' | ' | ' | 1,302,000 | 1,317,000 | ' | ' |
Total assets | ' | 1,045,352,000 | ' | ' | ' | 607,891,000 | ' | ' | ' | 1,045,352,000 | 607,891,000 | ' | ' |
Accounts payable | ' | 24,234,000 | ' | ' | ' | 12,304,000 | ' | ' | ' | 24,234,000 | 12,304,000 | ' | ' |
Accrued liabilities | ' | 17,341,000 | ' | ' | ' | 4,546,000 | ' | ' | ' | 17,341,000 | 4,546,000 | ' | ' |
Payables to pre-petition creditors | ' | 0 | ' | ' | ' | 0 | ' | ' | ' | 0 | 0 | ' | ' |
Deferred revenue | ' | 0 | ' | ' | ' | 0 | ' | ' | ' | 0 | 0 | ' | ' |
Other Liabilities, Current | ' | ' | ' | ' | ' | 580,000 | ' | ' | ' | ' | 580,000 | ' | ' |
Other current liabilities | ' | 715,000 | ' | ' | ' | ' | ' | ' | ' | 715,000 | ' | ' | ' |
Current portion of long-term debt | ' | 0 | ' | ' | ' | 0 | ' | ' | ' | 0 | 0 | ' | ' |
Total current liabilities | ' | 42,405,000 | ' | ' | ' | 17,430,000 | ' | ' | ' | 42,405,000 | 17,430,000 | ' | ' |
Long-term debt | ' | 0 | ' | ' | ' | 0 | ' | ' | ' | 0 | 0 | ' | ' |
Deferred income taxes | ' | 0 | ' | ' | ' | 0 | ' | ' | ' | 0 | 0 | ' | ' |
Other noncurrent liabilities | ' | 0 | ' | ' | ' | 0 | ' | ' | ' | 0 | 0 | ' | ' |
Stockholders' Equity Attributable to Parent | ' | 1,002,947,000 | ' | ' | ' | 590,461,000 | ' | ' | ' | 1,002,947,000 | 590,461,000 | ' | ' |
Noncontrolling interests in consolidated subsidiaries | ' | 0 | ' | ' | ' | 0 | ' | ' | ' | 0 | 0 | ' | ' |
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | ' | 1,002,947,000 | ' | ' | ' | 590,461,000 | ' | ' | ' | 1,002,947,000 | 590,461,000 | ' | ' |
Liabilities and Equity | ' | 1,045,352,000 | ' | ' | ' | 607,891,000 | ' | ' | ' | 1,045,352,000 | 607,891,000 | ' | ' |
Sales Revenue, Goods, Gross | ' | ' | ' | ' | ' | ' | ' | ' | ' | 224,072,000 | 123,424,000 | 712,724,000 | ' |
Sales Revenue, Services, Other | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,868,000 | 1,198,000 | 2,778,000 | ' |
Other Revenue, Net | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 387,000 | 311,000 | ' |
Revenue | ' | ' | ' | ' | ' | ' | ' | ' | ' | 227,940,000 | 125,009,000 | 715,813,000 | ' |
Costs of products sold | ' | ' | ' | ' | ' | ' | ' | ' | ' | 166,735,000 | 98,224,000 | 673,927,000 | ' |
Operating Costs and Expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | 19,541,000 | 12,719,000 | 14,594,000 | ' |
General and administrative | ' | ' | ' | ' | ' | ' | ' | ' | ' | 9,437,000 | 8,360,000 | 13,854,000 | ' |
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | ' | 14,452,000 | 6,448,000 | 8,892,000 | ' |
Loss (gain) on disposal or impairment of long-lived assets, net | ' | ' | ' | ' | ' | ' | ' | ' | ' | 668,000 | 276,000 | -46,139,000 | ' |
Costs and Expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | 210,833,000 | 126,027,000 | 665,128,000 | ' |
Earnings from equity method investments | ' | ' | ' | ' | ' | ' | ' | ' | ' | 54,995,000 | 85,330,000 | -20,736,000 | ' |
Gain on issuance of common units by equity method investee | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' | ' |
Operating income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | 72,102,000 | 84,312,000 | 29,949,000 | ' |
Interest Expense | ' | ' | ' | ' | ' | ' | ' | ' | ' | 9,781,000 | -240,000 | 19,498,000 | ' |
Foreign Currency Transaction Gain (Loss), before Tax | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 39,000 | ' |
Other expense (income), net | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | -21,000 | -2,150,000 | ' |
Other expenses, net | ' | ' | ' | ' | ' | ' | ' | ' | ' | 9,781,000 | -261,000 | 17,387,000 | ' |
Income (loss) from continuing operations before income taxes | ' | ' | ' | ' | ' | ' | ' | ' | ' | 62,321,000 | 84,573,000 | 12,562,000 | ' |
Income tax expense (benefit) | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | ' |
Income (Loss) from Continuing Operations Attributable to Parent | ' | ' | ' | ' | ' | ' | ' | ' | ' | 62,321,000 | 84,573,000 | 12,562,000 | ' |
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | ' | ' | ' | ' | ' | ' | ' | ' | ' | 65,000 | -17,000 | 28,000 | ' |
Net income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | 62,386,000 | 84,556,000 | 12,590,000 | ' |
Less: net income attributable to noncontrolling interests | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net income (loss) attributable to SemGroup | ' | ' | ' | ' | ' | ' | ' | ' | ' | 62,386,000 | 84,556,000 | 12,590,000 | ' |
Other Comprehensive Income (Loss), Net of Tax | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | ' |
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | ' | ' | ' | ' | ' | ' | ' | ' | ' | 62,386,000 | 84,556,000 | 12,590,000 | ' |
Comprehensive (Income) Loss, Net of Tax, Attributable to Noncontrolling Interest | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | ' |
Comprehensive Income (Loss), Net of Tax, Attributable to Parent | ' | ' | ' | ' | ' | ' | ' | ' | ' | 62,386,000 | 84,556,000 | 12,590,000 | ' |
Net Cash Provided by (Used in) Operating Activities | ' | ' | ' | ' | ' | ' | ' | ' | ' | 24,642,000 | 6,236,000 | 44,957,000 | ' |
Capital expenditures | ' | ' | ' | ' | ' | ' | ' | ' | ' | -123,246,000 | -59,317,000 | -16,865,000 | ' |
Proceeds from sale of long-lived assets | ' | ' | ' | ' | ' | ' | ' | ' | ' | 19,000 | -202,000 | 82,000 | ' |
Investments in non-consolidated subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | ' | -57,850,000 | -74,434,000 | -23,000 | ' |
Payments to acquire businesses | ' | ' | ' | ' | ' | ' | ' | ' | ' | -313,487,000 | ' | ' | ' |
Proceeds from sale of non-consolidated affiliate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' |
Proceeds from the sale of SemStream assets | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' |
Proceeds from Sale of Equity Method Investments | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | 0 | ' |
Distributions in excess of equity in earnings of affiliates | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | ' |
Net Cash Provided by (Used in) Investing Activities | ' | ' | ' | ' | ' | ' | ' | ' | ' | -494,564,000 | -133,953,000 | -16,806,000 | ' |
Payments of Debt Issuance Costs | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | ' |
Proceeds from Issuance of Long-term Debt and Capital Securities, Net | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | ' |
Repayments of Long-term Debt, Long-term Capital Lease Obligations, and Capital Securities | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | -21,000 | ' |
Proceeds from issuance of Rose Rock Midstream, L.P. common units, net of offering costs | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | 0 | ' |
Distributions to noncontrolling interests | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' |
Proceeds from warrant exercises | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' | ' |
Repurchase of common stock | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' |
Dividends paid | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' | ' |
Intercompany payments and receipts | ' | ' | ' | ' | ' | ' | ' | ' | ' | 469,922,000 | 127,717,000 | -28,130,000 | ' |
Net Cash Provided by (Used in) Financing Activities | ' | ' | ' | ' | ' | ' | ' | ' | ' | 469,922,000 | 127,717,000 | -28,151,000 | ' |
Effect of exchange rate changes on cash and cash equivalents | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | ' |
Cash and Cash Equivalents, Period Increase (Decrease) | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | ' |
Change in cash and cash equivalents included in discontinued operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' |
Change in cash and cash equivalents from continuing operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' |
Non-Guarantor Subsidiaries [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cash and cash equivalents | ' | 78,364,000 | ' | ' | ' | 63,844,000 | ' | ' | ' | 78,364,000 | 63,844,000 | 76,264,000 | 81,316,000 |
Restricted cash | ' | 1,268,000 | ' | ' | ' | 1,354,000 | ' | ' | ' | 1,268,000 | 1,354,000 | ' | ' |
Accounts Receivable, net | ' | 308,674,000 | ' | ' | ' | 337,087,000 | ' | ' | ' | 308,674,000 | 337,087,000 | ' | ' |
Receivable from affiliates | ' | 56,040,000 | ' | ' | ' | 109,000 | ' | ' | ' | 56,040,000 | 109,000 | ' | ' |
Inventories | ' | 43,249,000 | ' | ' | ' | 34,252,000 | ' | ' | ' | 43,249,000 | 34,252,000 | ' | ' |
Other current assets | ' | 5,106,000 | ' | ' | ' | 15,676,000 | ' | ' | ' | 5,106,000 | 15,676,000 | ' | ' |
Total current assets | ' | 492,701,000 | ' | ' | ' | 452,322,000 | ' | ' | ' | 492,701,000 | 452,322,000 | ' | ' |
Property, plant and equipment | ' | 735,547,000 | ' | ' | ' | 686,426,000 | ' | ' | ' | 735,547,000 | 686,426,000 | ' | ' |
Equity method investments | ' | 159,321,000 | ' | ' | ' | 138,970,000 | ' | ' | ' | 159,321,000 | 138,970,000 | ' | ' |
Goodwill | ' | 38,182,000 | ' | ' | ' | 9,884,000 | ' | ' | ' | 38,182,000 | 9,884,000 | ' | ' |
Other intangible assets | ' | 11,663,000 | ' | ' | ' | 7,549,000 | ' | ' | ' | 11,663,000 | 7,549,000 | ' | ' |
Other noncurrent assets | ' | 12,324,000 | ' | ' | ' | 3,258,000 | ' | ' | ' | 12,324,000 | 3,258,000 | ' | ' |
Total assets | ' | 1,449,738,000 | ' | ' | ' | 1,298,409,000 | ' | ' | ' | 1,449,738,000 | 1,298,409,000 | ' | ' |
Accounts payable | ' | 229,061,000 | ' | ' | ' | 241,249,000 | ' | ' | ' | 229,061,000 | 241,249,000 | ' | ' |
Accrued liabilities | ' | 56,011,000 | ' | ' | ' | 50,313,000 | ' | ' | ' | 56,011,000 | 50,313,000 | ' | ' |
Payables to pre-petition creditors | ' | 53,000 | ' | ' | ' | 57,000 | ' | ' | ' | 53,000 | 57,000 | ' | ' |
Deferred revenue | ' | 25,538,000 | ' | ' | ' | 18,973,000 | ' | ' | ' | 25,538,000 | 18,973,000 | ' | ' |
Other Liabilities, Current | ' | ' | ' | ' | ' | 4,263,000 | ' | ' | ' | ' | 4,263,000 | ' | ' |
Other current liabilities | ' | 7,697,000 | ' | ' | ' | ' | ' | ' | ' | 7,697,000 | ' | ' | ' |
Current portion of long-term debt | ' | 37,000 | ' | ' | ' | 24,000 | ' | ' | ' | 37,000 | 24,000 | ' | ' |
Total current liabilities | ' | 385,459,000 | ' | ' | ' | 314,879,000 | ' | ' | ' | 385,459,000 | 314,879,000 | ' | ' |
Long-term debt | ' | 245,088,000 | ' | ' | ' | 4,562,000 | ' | ' | ' | 245,088,000 | 4,562,000 | ' | ' |
Deferred income taxes | ' | 52,509,000 | ' | ' | ' | 63,602,000 | ' | ' | ' | 52,509,000 | 63,602,000 | ' | ' |
Other noncurrent liabilities | ' | 41,496,000 | ' | ' | ' | 47,759,000 | ' | ' | ' | 41,496,000 | 47,759,000 | ' | ' |
Stockholders' Equity Attributable to Parent | ' | 565,225,000 | ' | ' | ' | 738,473,000 | ' | ' | ' | 565,225,000 | 738,473,000 | ' | ' |
Noncontrolling interests in consolidated subsidiaries | ' | 159,961,000 | ' | ' | ' | 129,134,000 | ' | ' | ' | 159,961,000 | 129,134,000 | ' | ' |
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | ' | 725,186,000 | ' | ' | ' | 867,607,000 | ' | ' | ' | 725,186,000 | 867,607,000 | ' | ' |
Liabilities and Equity | ' | 1,449,738,000 | ' | ' | ' | 1,298,409,000 | ' | ' | ' | 1,449,738,000 | 1,298,409,000 | ' | ' |
Sales Revenue, Goods, Gross | ' | ' | ' | ' | ' | ' | ' | ' | ' | 944,984,000 | 840,892,000 | 609,870,000 | ' |
Sales Revenue, Services, Other | ' | ' | ' | ' | ' | ' | ' | ' | ' | 136,330,000 | 116,523,000 | 120,567,000 | ' |
Other Revenue, Net | ' | ' | ' | ' | ' | ' | ' | ' | ' | 141,714,000 | 165,651,000 | 104,277,000 | ' |
Revenue | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,223,028,000 | 1,123,066,000 | 834,714,000 | ' |
Costs of products sold | ' | ' | ' | ' | ' | ' | ' | ' | ' | 877,317,000 | 787,239,000 | 555,793,000 | ' |
Operating Costs and Expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | 204,044,000 | 211,981,000 | 140,447,000 | ' |
General and administrative | ' | ' | ' | ' | ' | ' | ' | ' | ' | 47,600,000 | 41,453,000 | 46,029,000 | ' |
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | ' | 49,956,000 | 39,266,000 | 38,001,000 | ' |
Loss (gain) on disposal or impairment of long-lived assets, net | ' | ' | ' | ' | ' | ' | ' | ' | ' | -907,000 | -3,807,000 | 44,835,000 | ' |
Costs and Expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,178,010,000 | 1,076,132,000 | 825,105,000 | ' |
Earnings from equity method investments | ' | ' | ' | ' | ' | ' | ' | ' | ' | 44,203,000 | 36,439,000 | 15,004,000 | ' |
Gain on issuance of common units by equity method investee | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' | ' |
Operating income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | 89,221,000 | 83,373,000 | 24,613,000 | ' |
Interest Expense | ' | ' | ' | ' | ' | ' | ' | ' | ' | 15,947,000 | 11,056,000 | 21,157,000 | ' |
Foreign Currency Transaction Gain (Loss), before Tax | ' | ' | ' | ' | ' | ' | ' | ' | ' | -1,633,000 | 298,000 | -3,489,000 | ' |
Other expense (income), net | ' | ' | ' | ' | ' | ' | ' | ' | ' | -434,000 | -262,000 | -2,117,000 | ' |
Other expenses, net | ' | ' | ' | ' | ' | ' | ' | ' | ' | 13,880,000 | 11,092,000 | 15,551,000 | ' |
Income (loss) from continuing operations before income taxes | ' | ' | ' | ' | ' | ' | ' | ' | ' | 75,341,000 | 72,281,000 | 9,062,000 | ' |
Income tax expense (benefit) | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5,325,000 | -2,412,000 | 175,000 | ' |
Income (Loss) from Continuing Operations Attributable to Parent | ' | ' | ' | ' | ' | ' | ' | ' | ' | 70,016,000 | 74,693,000 | 8,887,000 | ' |
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | ' | ' | ' | ' | ' | ' | ' | ' | ' | -6,000 | 2,952,000 | -9,682,000 | ' |
Net income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | 70,010,000 | 77,645,000 | -795,000 | ' |
Less: net income attributable to noncontrolling interests | ' | ' | ' | ' | ' | ' | ' | ' | ' | 17,710,000 | 9,797,000 | 435,000 | ' |
Net income (loss) attributable to SemGroup | ' | ' | ' | ' | ' | ' | ' | ' | ' | 52,300,000 | 67,848,000 | -1,230,000 | ' |
Other Comprehensive Income (Loss), Net of Tax | ' | ' | ' | ' | ' | ' | ' | ' | ' | -38,000 | 11,659,000 | -13,137,000 | ' |
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | ' | ' | ' | ' | ' | ' | ' | ' | ' | 69,972,000 | 89,304,000 | -13,932,000 | ' |
Comprehensive (Income) Loss, Net of Tax, Attributable to Noncontrolling Interest | ' | ' | ' | ' | ' | ' | ' | ' | ' | 17,710,000 | 9,797,000 | 435,000 | ' |
Comprehensive Income (Loss), Net of Tax, Attributable to Parent | ' | ' | ' | ' | ' | ' | ' | ' | ' | 52,262,000 | 79,507,000 | -14,367,000 | ' |
Net Cash Provided by (Used in) Operating Activities | ' | ' | ' | ' | ' | ' | ' | ' | ' | 148,872,000 | 93,534,000 | 17,004,000 | ' |
Capital expenditures | ' | ' | ' | ' | ' | ' | ' | ' | ' | -91,629,000 | -58,025,000 | -47,050,000 | ' |
Proceeds from sale of long-lived assets | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,237,000 | 2,824,000 | 1,043,000 | ' |
Investments in non-consolidated subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | ' | -97,243,000 | -2,079,000 | -476,000 | ' |
Payments to acquire businesses | ' | ' | ' | ' | ' | ' | ' | ' | ' | -48,969,000 | ' | ' | ' |
Proceeds from sale of non-consolidated affiliate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,500,000 | ' | ' |
Proceeds from the sale of SemStream assets | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' |
Proceeds from Sale of Equity Method Investments | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | 0 | ' |
Distributions in excess of equity in earnings of affiliates | ' | ' | ' | ' | ' | ' | ' | ' | ' | 12,246,000 | 8,072,000 | 12,455,000 | ' |
Net Cash Provided by (Used in) Investing Activities | ' | ' | ' | ' | ' | ' | ' | ' | ' | -224,358,000 | -45,708,000 | -34,028,000 | ' |
Payments of Debt Issuance Costs | ' | ' | ' | ' | ' | ' | ' | ' | ' | -4,070,000 | -252,000 | -1,666,000 | ' |
Proceeds from Issuance of Long-term Debt and Capital Securities, Net | ' | ' | ' | ' | ' | ' | ' | ' | ' | 562,474,000 | 0 | 8,434,000 | ' |
Repayments of Long-term Debt, Long-term Capital Lease Obligations, and Capital Securities | ' | ' | ' | ' | ' | ' | ' | ' | ' | -321,912,000 | -28,066,000 | -4,653,000 | ' |
Proceeds from issuance of Rose Rock Midstream, L.P. common units, net of offering costs | ' | ' | ' | ' | ' | ' | ' | ' | ' | 210,226,000 | ' | 127,134,000 | ' |
Distributions to noncontrolling interests | ' | ' | ' | ' | ' | ' | ' | ' | ' | -17,647,000 | -8,502,000 | ' | ' |
Proceeds from warrant exercises | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' | ' |
Repurchase of common stock | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' |
Dividends paid | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' | ' |
Intercompany payments and receipts | ' | ' | ' | ' | ' | ' | ' | ' | ' | -342,256,000 | -25,608,000 | -116,789,000 | ' |
Net Cash Provided by (Used in) Financing Activities | ' | ' | ' | ' | ' | ' | ' | ' | ' | 86,815,000 | -62,428,000 | 12,460,000 | ' |
Effect of exchange rate changes on cash and cash equivalents | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,191,000 | -610,000 | -34,000 | ' |
Cash and Cash Equivalents, Period Increase (Decrease) | ' | ' | ' | ' | ' | ' | ' | ' | ' | 14,520,000 | -15,212,000 | -4,598,000 | ' |
Change in cash and cash equivalents included in discontinued operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,792,000 | -454,000 | ' |
Change in cash and cash equivalents from continuing operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -12,420,000 | -5,052,000 | ' |
Consolidation, Eliminations [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cash and cash equivalents | ' | -1,558,000 | ' | ' | ' | -2,938,000 | ' | ' | ' | -1,558,000 | -2,938,000 | -2,762,000 | -711,000 |
Restricted cash | ' | 0 | ' | ' | ' | 0 | ' | ' | ' | 0 | 0 | ' | ' |
Accounts Receivable, net | ' | 0 | ' | ' | ' | 0 | ' | ' | ' | 0 | 0 | ' | ' |
Receivable from affiliates | ' | -4,349,000 | ' | ' | ' | -1,980,000 | ' | ' | ' | -4,349,000 | -1,980,000 | ' | ' |
Inventories | ' | 0 | ' | ' | ' | 0 | ' | ' | ' | 0 | 0 | ' | ' |
Other current assets | ' | 0 | ' | ' | ' | 0 | ' | ' | ' | 0 | 0 | ' | ' |
Total current assets | ' | -5,907,000 | ' | ' | ' | -4,918,000 | ' | ' | ' | -5,907,000 | -4,918,000 | ' | ' |
Property, plant and equipment | ' | 0 | ' | ' | ' | 0 | ' | ' | ' | 0 | 0 | ' | ' |
Equity method investments | ' | -1,567,175,000 | ' | ' | ' | -1,324,033,000 | ' | ' | ' | -1,567,175,000 | -1,324,033,000 | ' | ' |
Goodwill | ' | 0 | ' | ' | ' | 0 | ' | ' | ' | 0 | 0 | ' | ' |
Other intangible assets | ' | 0 | ' | ' | ' | 0 | ' | ' | ' | 0 | 0 | ' | ' |
Other noncurrent assets | ' | 0 | ' | ' | ' | 0 | ' | ' | ' | 0 | 0 | ' | ' |
Total assets | ' | -1,573,082,000 | ' | ' | ' | -1,328,951,000 | ' | ' | ' | -1,573,082,000 | -1,328,951,000 | ' | ' |
Accounts payable | ' | 0 | ' | ' | ' | 0 | ' | ' | ' | 0 | 0 | ' | ' |
Accrued liabilities | ' | 5,000 | ' | ' | ' | 0 | ' | ' | ' | 5,000 | 0 | ' | ' |
Payables to pre-petition creditors | ' | 0 | ' | ' | ' | 0 | ' | ' | ' | 0 | 0 | ' | ' |
Deferred revenue | ' | 0 | ' | ' | ' | 0 | ' | ' | ' | 0 | 0 | ' | ' |
Other Liabilities, Current | ' | ' | ' | ' | ' | -17,000 | ' | ' | ' | ' | -17,000 | ' | ' |
Other current liabilities | ' | 0 | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' | ' |
Current portion of long-term debt | ' | 0 | ' | ' | ' | 0 | ' | ' | ' | 0 | 0 | ' | ' |
Total current liabilities | ' | -4,910,000 | ' | ' | ' | -17,000 | ' | ' | ' | -4,910,000 | -17,000 | ' | ' |
Long-term debt | ' | 0 | ' | ' | ' | 0 | ' | ' | ' | 0 | 0 | ' | ' |
Deferred income taxes | ' | 0 | ' | ' | ' | 0 | ' | ' | ' | 0 | 0 | ' | ' |
Other noncurrent liabilities | ' | 0 | ' | ' | ' | 0 | ' | ' | ' | 0 | 0 | ' | ' |
Stockholders' Equity Attributable to Parent | ' | -1,568,172,000 | ' | ' | ' | -1,328,934,000 | ' | ' | ' | -1,568,172,000 | -1,328,934,000 | ' | ' |
Noncontrolling interests in consolidated subsidiaries | ' | 0 | ' | ' | ' | 0 | ' | ' | ' | 0 | 0 | ' | ' |
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | ' | -1,568,172,000 | ' | ' | ' | -1,328,934,000 | ' | ' | ' | -1,568,172,000 | -1,328,934,000 | ' | ' |
Liabilities and Equity | ' | -1,573,082,000 | ' | ' | ' | -1,328,951,000 | ' | ' | ' | -1,573,082,000 | -1,328,951,000 | ' | ' |
Sales Revenue, Goods, Gross | ' | ' | ' | ' | ' | ' | ' | ' | ' | -23,952,000 | -10,578,000 | -85,281,000 | ' |
Sales Revenue, Services, Other | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | ' |
Other Revenue, Net | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | ' |
Revenue | ' | ' | ' | ' | ' | ' | ' | ' | ' | -23,952,000 | -10,578,000 | -85,281,000 | ' |
Costs of products sold | ' | ' | ' | ' | ' | ' | ' | ' | ' | -23,952,000 | -10,578,000 | -85,281,000 | ' |
Operating Costs and Expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | ' |
General and administrative | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | ' |
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | ' |
Loss (gain) on disposal or impairment of long-lived assets, net | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | ' |
Costs and Expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | -23,952,000 | -10,578,000 | -85,281,000 | ' |
Earnings from equity method investments | ' | ' | ' | ' | ' | ' | ' | ' | ' | -114,686,000 | -152,404,000 | -11,360,000 | ' |
Gain on issuance of common units by equity method investee | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' | ' |
Operating income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | -114,686,000 | -152,404,000 | -11,360,000 | ' |
Interest Expense | ' | ' | ' | ' | ' | ' | ' | ' | ' | -5,412,000 | -5,856,000 | -4,869,000 | ' |
Foreign Currency Transaction Gain (Loss), before Tax | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | ' |
Other expense (income), net | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5,412,000 | 5,856,000 | 4,869,000 | ' |
Other expenses, net | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | ' |
Income (loss) from continuing operations before income taxes | ' | ' | ' | ' | ' | ' | ' | ' | ' | -114,686,000 | -152,404,000 | -11,360,000 | ' |
Income tax expense (benefit) | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | ' |
Income (Loss) from Continuing Operations Attributable to Parent | ' | ' | ' | ' | ' | ' | ' | ' | ' | -114,686,000 | -152,404,000 | -11,360,000 | ' |
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | ' |
Net income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | -114,686,000 | -152,404,000 | -11,360,000 | ' |
Less: net income attributable to noncontrolling interests | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net income (loss) attributable to SemGroup | ' | ' | ' | ' | ' | ' | ' | ' | ' | -114,686,000 | -152,404,000 | -11,360,000 | ' |
Other Comprehensive Income (Loss), Net of Tax | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | ' |
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | ' | ' | ' | ' | ' | ' | ' | ' | ' | -114,686,000 | -152,404,000 | -11,360,000 | ' |
Comprehensive (Income) Loss, Net of Tax, Attributable to Noncontrolling Interest | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | ' |
Comprehensive Income (Loss), Net of Tax, Attributable to Parent | ' | ' | ' | ' | ' | ' | ' | ' | ' | -114,686,000 | -152,404,000 | -11,360,000 | ' |
Net Cash Provided by (Used in) Operating Activities | ' | ' | ' | ' | ' | ' | ' | ' | ' | -20,235,000 | -15,593,000 | 5,263,000 | ' |
Capital expenditures | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | ' |
Proceeds from sale of long-lived assets | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | ' |
Investments in non-consolidated subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | ' |
Payments to acquire businesses | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' | ' |
Proceeds from sale of non-consolidated affiliate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' |
Proceeds from the sale of SemStream assets | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' |
Proceeds from Sale of Equity Method Investments | ' | ' | ' | ' | ' | ' | ' | ' | ' | 362,600,000 | ' | -127,134,000 | ' |
Distributions in excess of equity in earnings of affiliates | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | ' |
Net Cash Provided by (Used in) Investing Activities | ' | ' | ' | ' | ' | ' | ' | ' | ' | -362,600,000 | 0 | -127,134,000 | ' |
Payments of Debt Issuance Costs | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | ' |
Proceeds from Issuance of Long-term Debt and Capital Securities, Net | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | ' |
Repayments of Long-term Debt, Long-term Capital Lease Obligations, and Capital Securities | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | ' |
Proceeds from issuance of Rose Rock Midstream, L.P. common units, net of offering costs | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | 0 | ' |
Distributions to noncontrolling interests | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' |
Proceeds from warrant exercises | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' | ' |
Repurchase of common stock | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' |
Dividends paid | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' | ' |
Intercompany payments and receipts | ' | ' | ' | ' | ' | ' | ' | ' | ' | 384,215,000 | 15,417,000 | 119,820,000 | ' |
Net Cash Provided by (Used in) Financing Activities | ' | ' | ' | ' | ' | ' | ' | ' | ' | 384,215,000 | 15,417,000 | 119,820,000 | ' |
Effect of exchange rate changes on cash and cash equivalents | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | ' |
Cash and Cash Equivalents, Period Increase (Decrease) | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,380,000 | -176,000 | -2,051,000 | ' |
Change in cash and cash equivalents included in discontinued operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' |
Change in cash and cash equivalents from continuing operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ($176,000) | ($2,051,000) | ' |