2012 Form 10-K Financial Statement
#000110465912043684 Filed on June 15, 2012
Income Statement
| Concept | 2012 | 2011 Q1 |
|---|---|---|
| Revenue | $1.310B | $311.1M |
| YoY Change | 39.56% | |
| Cost Of Revenue | $1.217B | $291.6M |
| YoY Change | 36.13% | |
| Gross Profit | $93.45M | $19.50M |
| YoY Change | 107.67% | |
| Gross Profit Margin | 7.13% | 6.27% |
| Selling, General & Admin | $16.00M | $2.600M |
| YoY Change | 100.0% | |
| % of Gross Profit | 17.12% | 13.33% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $17.19M | $2.300M |
| YoY Change | 177.23% | |
| % of Gross Profit | 18.39% | 11.79% |
| Operating Expenses | $78.00M | $11.90M |
| YoY Change | 129.41% | |
| Operating Profit | $15.03M | $7.600M |
| YoY Change | 36.64% | |
| Interest Expense | $7.620M | -$1.000M |
| YoY Change | -354.0% | |
| % of Operating Profit | 50.7% | -13.16% |
| Other Income/Expense, Net | $1.055M | $0.00 |
| YoY Change | ||
| Pretax Income | $8.465M | $6.600M |
| YoY Change | -5.94% | |
| Income Tax | $601.0K | $0.00 |
| % Of Pretax Income | 7.1% | 0.0% |
| Net Earnings | $7.864M | $6.600M |
| YoY Change | -21.36% | |
| Net Earnings / Revenue | 0.6% | 2.12% |
| Basic Earnings Per Share | ||
| Diluted Earnings Per Share | $533.3K | $605.5K |
| COMMON SHARES | ||
| Basic Shares Outstanding | ||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2012 | 2011 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $7.800M | $16.30M |
| YoY Change | -52.15% | |
| Cash & Equivalents | $7.800M | $16.34M |
| Short-Term Investments | ||
| Other Short-Term Assets | $10.00M | $4.100M |
| YoY Change | 143.9% | |
| Inventory | $94.50M | $12.70M |
| Prepaid Expenses | ||
| Receivables | $84.00M | $44.35M |
| Other Receivables | $2.300M | $0.00 |
| Total Short-Term Assets | $198.6M | $77.49M |
| YoY Change | 156.26% | |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $231.4M | $66.02M |
| YoY Change | 250.61% | |
| Goodwill | $8.568M | |
| YoY Change | ||
| Intangibles | $11.76M | |
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $2.800M | $0.00 |
| YoY Change | ||
| Total Long-Term Assets | $550.9M | $86.34M |
| YoY Change | 538.35% | |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $198.6M | $77.49M |
| Total Long-Term Assets | $550.9M | $86.34M |
| Total Assets | $749.5M | $163.8M |
| YoY Change | 357.57% | |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $90.80M | $37.24M |
| YoY Change | 144.09% | |
| Accrued Expenses | $3.700M | |
| YoY Change | ||
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | $19.50M | $830.0K |
| YoY Change | 2337.5% | |
| Total Short-Term Liabilities | $144.8M | $50.54M |
| YoY Change | 186.73% | |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $199.2M | $65.54M |
| YoY Change | 204.12% | |
| Other Long-Term Liabilities | $200.0K | $395.0K |
| YoY Change | -50.0% | |
| Total Long-Term Liabilities | $199.4M | $65.94M |
| YoY Change | 202.58% | |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $144.8M | $50.54M |
| Total Long-Term Liabilities | $199.4M | $65.94M |
| Total Liabilities | $344.6M | $116.5M |
| YoY Change | 195.79% | |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | ||
| YoY Change | ||
| Common Stock | ||
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $404.9M | $47.40M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $749.5M | $163.8M |
| YoY Change | 357.57% |
Cashflow Statement
| Concept | 2012 | 2011 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $7.864M | $6.600M |
| YoY Change | -21.36% | |
| Depreciation, Depletion And Amortization | $17.19M | $2.300M |
| YoY Change | 177.23% | |
| Cash From Operating Activities | $90.30M | $33.90M |
| YoY Change | 2636.36% | |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | $200.5M | -$700.0K |
| YoY Change | -11891.59% | |
| Acquisitions | $297.4M | |
| YoY Change | ||
| Other Investing Activities | -$346.0K | -$400.0K |
| YoY Change | -97.89% | |
| Cash From Investing Activities | -$296.9M | -$1.200M |
| YoY Change | 1540.33% | |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 198.1M | -22.00M |
| YoY Change | 2730.0% | |
| NET CHANGE | ||
| Cash From Operating Activities | 90.30M | 33.90M |
| Cash From Investing Activities | -296.9M | -1.200M |
| Cash From Financing Activities | 198.1M | -22.00M |
| Net Change In Cash | -8.500M | 10.70M |
| YoY Change | 8.97% | |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $90.30M | $33.90M |
| Capital Expenditures | $200.5M | -$700.0K |
| Free Cash Flow | -$110.2M | $34.60M |
| YoY Change | -2303.14% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2012 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2012-03-31 | |
| CY2012 | dei |
Document Type
DocumentType
|
10-K | |
| CY2012 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001504461 | |
| CY2012 | dei |
Entity Registrant Name
EntityRegistrantName
|
NGL Energy Partners LP | |
| CY2012 | dei |
Amendment Flag
AmendmentFlag
|
false | |
| CY2011Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
16337000 | USD |
| CY2011Q1 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
44346000 | USD |
| CY2012Q1 | us-gaap |
Due From Related Parties Current
DueFromRelatedPartiesCurrent
|
2282000 | USD |
| CY2011Q1 | us-gaap |
Inventory Net
InventoryNet
|
12697000 | USD |
| CY2011Q1 | ngl |
Product Exchanges Assets Current
ProductExchangesAssetsCurrent
|
427000 | USD |
| CY2011Q1 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
3683000 | USD |
| CY2011Q1 | us-gaap |
Assets Current
AssetsCurrent
|
77490000 | USD |
| CY2011Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
66020000 | USD |
| CY2012 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<table style="font-size:10pt; font-family:'Times New Roman',times,serif;"> <tr> <td> <p style="MARGIN: 0in 0in 0pt"><b><font style="FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">Note 1 - Nature of Operations and Organization</font></b></p> <p style="MARGIN: 0in 0in 0pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2"> </font></p> <p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">NGL Energy Partners LP (“we” or the “Partnership”) is a Delaware limited partnership formed in September 2010 to own and, through our subsidiaries, operate the propane and other natural gas liquids businesses that historically were owned and operated by NGL Supply, Inc. (“NGL Supply”), Hicks Oils and Hicksgas, Incorporated (“HOH”), and Hicksgas Gifford, Inc. (“Gifford”).  We refer to HOH and Gifford collectively as “Hicksgas.”  We had no operations prior to September 30, 2010.</font></p> <p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2"> </font></p> <p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">In October 2010, the following transactions, which we refer to as the formation transactions, occurred:</font></p> <p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2"> </font></p> <p style="MARGIN: 0in 0in 0pt 1in; TEXT-INDENT: -0.25in"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Symbol" size="2">·</font><font style="FONT-SIZE: 3pt" size="1">                  </font><font style="FONT-SIZE: 10pt" size="2">HOH formed a wholly owned subsidiary, Hicksgas LLC, and contributed to it all of HOH’s propane and propane-related assets.  The shareholders of Gifford contributed all of their shares of stock in Gifford to a newly formed holding company, Gifford Holdings, Inc.</font></p> <p style="MARGIN: 0in 0in 0pt 1in; TEXT-INDENT: -0.25in"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2"> </font></p> <p style="MARGIN: 0in 0in 0pt 1in; TEXT-INDENT: -0.25in"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Symbol" size="2">·</font><font style="FONT-SIZE: 3pt" size="1">                  </font><font style="FONT-SIZE: 10pt" size="2">Our general partner made a cash capital contribution of approximately $58,800 to us in exchange for the continuation of its 0.1% general partner interest in us and incentive distribution rights and the IEP Parties (owner of a 32.53% interest in our general partner) made a cash capital contribution to us in the aggregate amount of approximately $11.0 million in exchange for an aggregate 18.67% limited partner interest in us.</font></p> <p style="MARGIN: 0in 0in 0pt 1in; TEXT-INDENT: -0.25in"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2"> </font></p> <p style="MARGIN: 0in 0in 0pt 1in; TEXT-INDENT: -0.25in"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Symbol" size="2">·</font><font style="FONT-SIZE: 3pt" size="1">                  </font><font style="FONT-SIZE: 10pt" size="2">NGL Supply and Gifford each converted into a limited liability company and the members of NGL Supply, Hicksgas, LLC and Gifford contributed 100% of their respective membership interests in those entities to us as capital contributions in exchange for (i) in the case of NGL Supply, a 43.27% limited partner interest in us, a cash distribution of approximately $40.0 million and our agreement to pay or cause to be paid approximately $27.9 million of existing indebtedness of NGL Supply, (ii) in the case of Hicksgas, LLC, a 37.96% limited partner interest in us, a cash distribution of approximately $1.6 million and our agreement to pay or cause to be paid approximately $6.5 million of existing indebtedness of HOH and (iii) in the case of Gifford, a cash payment of approximately $15.5 million.</font></p> <p style="MARGIN: 0in 0in 0pt 1in; TEXT-INDENT: -0.25in"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2"> </font></p> <p style="MARGIN: 0in 0in 0pt 1in; TEXT-INDENT: -0.25in"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Symbol" size="2">·</font><font style="FONT-SIZE: 3pt" size="1">                  </font><font style="FONT-SIZE: 10pt" size="2">We made a capital contribution of 100% of the membership interests of each of NGL Supply, Hicksgas, LLC and Gifford to our wholly owned operating subsidiary, Silverthorne Operating LLC.  Gifford was merged into Hicksgas, LLC.</font></p> <p style="MARGIN: 0in 0in 0pt 1in; TEXT-INDENT: -0.25in"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2"> </font></p> <p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">NGL Supply was organized on July 1, 1985 as a successor to a company founded in 1967, and is a diversified, vertically integrated provider of propane services including retail propane distribution; wholesale supply and marketing of propane and other natural gas liquids; and midstream operations which consist of propane terminal operations and services.</font></p> <p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2"> </font></p> <p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">The transaction described above was accounted for as a business combination with NGL Supply designated as the acquirer and Hicksgas, LLC and Gifford were determined to be acquirees.  Accordingly, NGL Supply was accounted for on the basis of historical cost, and our assets and liabilities were recorded at the net book values of NGL Supply.  The assets and liabilities of Hicksgas, LLC and Gifford were recorded at estimated fair values on the transaction date.</font></p> <p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2"> </font></p> <p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">NGL Supply began its retail propane operations during its fiscal year ended March 31, 2008 through the acquisition of retail operations in Kansas and Georgia, and expanded its retail operations through additional acquisitions during fiscal 2008 through 2010.  As discussed above and in Note 5, we acquired Hicksgas LLC and Gifford in connection with our formation transactions.  Hicksgas LLC and Gifford are both in the retail propane business with operations in Indiana and Illinois.</font></p> <p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2"> </font></p> <p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">Subsequent to our initial public offering, we significantly expanded our retail propane operations through several business combination transactions, as described in Note 5. Our retail propane operations sell propane, distillates, and propane-related products and services to residential, commercial, and agricultural customers in Colorado, Connecticut, Delaware, Georgia, Illinois, Indiana, Kansas, Maine, Maryland, Massachusetts, Mississippi, New Hampshire, New Jersey, New York, North Carolina, Oregon, Pennsylvania, Rhode Island, Tennessee Utah, Vermont, and Washington.</font></p> <p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2"> </font></p> <p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">Our wholesale supply and marketing operations provide propane and other natural gas liquids supply to customers at open-access terminals throughout the common carrier pipeline systems in the Mid-Continent, Gulf Coast and Northeast regions of the United States.  Our wholesale supply and marketing services include shipping and maintaining storage on these pipeline systems and supplying customers through terminals, refineries, third-party tank cars and truck terminals.  Through our wholesale supply and marketing operations, we supply propane and other natural gas liquids to various refineries, multistate marketers ranging in size from national and regional distribution companies to medium and small independent propane companies located throughout the country.  As described in Note 5, on November 1, 2011, we completed a business combination in which we acquired substantially all of the wholesale and midstream operations of SemStream, L.P. (“SemStream”), which significantly expanded our wholesale and midstream opertations.</font></p> <p style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2"> </font></p> <p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">In our midstream segment, we provide natural gas liquids terminal services to customers through our 16 proprietary propane terminals located in Arizona, Arkansas, Illinois, Indiana, Maine, Minnesota, Missouri, Montana, Washington, Wisconsin, and St. Catharines, Ontario.  Three of these terminals were historically owned by NGL Supply, 12 were acquired in the combination with SemStream, and one was acquired in a retail propane combination in February 2012.</font></p></td></tr></table> | |
| CY2012 | dei |
Entity Voluntary Filers
EntityVoluntaryFilers
|
No | |
| CY2011Q1 | us-gaap |
Goodwill
Goodwill
|
8568000 | USD |
| CY2011Q1 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
11755000 | USD |
| CY2012Q1 | us-gaap |
Other Assets
OtherAssets
|
2766000 | USD |
| CY2011Q1 | us-gaap |
Assets
Assets
|
163833000 | USD |
| CY2011Q1 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
37244000 | USD |
| CY2011Q1 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
3711000 | USD |
| CY2011Q1 | ngl |
Product Exchanges Liabilities Current
ProductExchangesLiabilitiesCurrent
|
1045000 | USD |
| CY2011Q1 | us-gaap |
Customer Advances Current
CustomerAdvancesCurrent
|
7714000 | USD |
| CY2011Q1 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
830000 | USD |
| CY2012Q1 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
144419000 | USD |
| CY2012 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
1310473000 | USD |
| CY2012 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
1217023000 | USD |
| CY2012 | us-gaap |
Gross Profit
GrossProfit
|
93450000 | USD |
| CY2012 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
15030000 | USD |
| us-gaap |
Net Income Loss Allocated To General Partners
NetIncomeLossAllocatedToGeneralPartners
|
-13000 | USD | |
| CY2012 | us-gaap |
Net Income Loss Allocated To General Partners
NetIncomeLossAllocatedToGeneralPartners
|
-8000 | USD |
| CY2012 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-12000 | USD |
| CY2012 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0.32 | |
| CY2012 | ngl |
Net Income Loss Per Outstanding Limited Partnership Subordinated Unit Basic And Diluted
NetIncomeLossPerOutstandingLimitedPartnershipSubordinatedUnitBasicAndDiluted
|
0.58 | |
| CY2012 | us-gaap |
Weighted Average Number Of Limited Partnership And General Partnership Unit Outstanding Basic And Diluted
WeightedAverageNumberOfLimitedPartnershipAndGeneralPartnershipUnitOutstandingBasicAndDiluted
|
15169983 | shares |
| CY2012 | ngl |
Weighted Average Limited Partnership Subordinate Units Outstanding Basic And Diluted
WeightedAverageLimitedPartnershipSubordinateUnitsOutstandingBasicAndDiluted
|
5175384 | shares |
| us-gaap |
Interest Expense
InterestExpense
|
2482000 | USD | |
| us-gaap |
Net Income Loss Allocated To Limited Partners
NetIncomeLossAllocatedToLimitedPartners
|
12666000 | USD | |
| us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
1.16 | ||
| us-gaap |
Weighted Average Number Of Limited Partnership And General Partnership Unit Outstanding Basic And Diluted
WeightedAverageNumberOfLimitedPartnershipAndGeneralPartnershipUnitOutstandingBasicAndDiluted
|
10933568 | shares | |
| us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
4406000 | USD | |
| us-gaap |
Profit Loss
ProfitLoss
|
12679000 | USD | |
| us-gaap |
Propane Revenue
PropaneRevenue
|
72813000 | USD | |
| CY2011Q1 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
50544000 | USD |
| CY2011Q1 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
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65541000 | USD |
| CY2011Q1 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
395000 | USD |
| CY2012 | us-gaap |
Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
|
-8505000 | USD |
| CY2012 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
198063000 | USD |
| CY2011Q1 | us-gaap |
General Partners Capital Account
GeneralPartnersCapitalAccount
|
72000 | USD |
| CY2011Q1 | us-gaap |
Limited Partners Capital Account
LimitedPartnersCapitalAccount
|
47225000 | USD |
| CY2012Q1 | ngl |
Subordinated Units
SubordinatedUnits
|
19824000 | USD |
| CY2011Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
|
56000 | USD |
| CY2012Q1 | us-gaap |
Partners Capital Attributable To Noncontrolling Interest
PartnersCapitalAttributableToNoncontrollingInterest
|
428000 | USD |
| CY2011Q1 | us-gaap |
Partners Capital Including Portion Attributable To Noncontrolling Interest
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|
47353000 | USD |
| CY2012Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
749137000 | USD |
| CY2011Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
163833000 | USD |
| CY2011Q1 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| CY2012Q1 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| CY2011Q1 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
2871000 | USD |
| CY2011Q1 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
161000 | USD |
| CY2012Q1 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
12843000 | USD |
| CY2012Q1 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
818000 | USD |
| CY2011Q1 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
1558000 | USD |
| CY2012Q1 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
8174000 | USD |
| ngl |
Wholesale Supply And Marketing Revenue
WholesaleSupplyAndMarketingRevenue
|
546782000 | USD | |
| us-gaap |
Gas Gathering Transportation Marketing And Processing Revenue
GasGatheringTransportationMarketingAndProcessingRevenue
|
2637000 | USD | |
| us-gaap |
Sales Revenue Net
SalesRevenueNet
|
622232000 | USD | |
| us-gaap |
Propane Costs
PropaneCosts
|
46985000 | USD | |
| us-gaap |
Gas Gathering Transportation Marketing And Processing Costs
GasGatheringTransportationMarketingAndProcessingCosts
|
292000 | USD | |
| us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
583032000 | USD | |
| CY2011Q1 | ngl |
Limited Partners Interest
LimitedPartnersInterest
|
0.999 | pure |
| CY2012Q1 | ngl |
Limited Partners Interest
LimitedPartnersInterest
|
0.999 | pure |
| CY2011Q1 | ngl |
General Partner Interest
GeneralPartnerInterest
|
0.001 | pure |
| CY2012Q1 | ngl |
General Partner Interest
GeneralPartnerInterest
|
0.001 | pure |
| CY2011Q1 | ngl |
Limited Partners Capital Account Subordinated Units Outstanding
LimitedPartnersCapitalAccountSubordinatedUnitsOutstanding
|
0 | shares |
| CY2012Q1 | ngl |
Limited Partners Capital Account Subordinated Units Outstanding
LimitedPartnersCapitalAccountSubordinatedUnitsOutstanding
|
5919346 | shares |
| CY2011Q1 | ngl |
Limited Partners Capital Account Subordinated Units Issued
LimitedPartnersCapitalAccountSubordinatedUnitsIssued
|
0 | shares |
| CY2012Q1 | ngl |
Limited Partners Capital Account Subordinated Units Issued
LimitedPartnersCapitalAccountSubordinatedUnitsIssued
|
5919346 | shares |
| CY2011Q1 | us-gaap |
Limited Partners Capital Account Units Outstanding
LimitedPartnersCapitalAccountUnitsOutstanding
|
10933568 | shares |
| CY2011Q1 | us-gaap |
Limited Partners Capital Account Units Issued
LimitedPartnersCapitalAccountUnitsIssued
|
10933568 | shares |
| CY2012Q1 | us-gaap |
Limited Partners Capital Account Units Outstanding
LimitedPartnersCapitalAccountUnitsOutstanding
|
23296253 | shares |
| CY2012Q1 | us-gaap |
Limited Partners Capital Account Units Issued
LimitedPartnersCapitalAccountUnitsIssued
|
23296253 | shares |
| CY2011Q1 | us-gaap |
General Partners Capital Account Units Outstanding
GeneralPartnersCapitalAccountUnitsOutstanding
|
10945 | shares |
| CY2012Q1 | us-gaap |
General Partners Capital Account Units Outstanding
GeneralPartnersCapitalAccountUnitsOutstanding
|
29245 | shares |
| CY2012 | ngl |
Partners Capital Account Distributions Cash Flow Impact
PartnersCapitalAccountDistributionsCashFlowImpact
|
19060000 | USD |
| CY2012 | ngl |
Payments For Repurchase Of Common Limited Partners Units
PaymentsForRepurchaseOfCommonLimitedPartnersUnits
|
3418000 | USD |
| CY2012 | us-gaap |
Proceeds From Issuance Of Common Limited Partners Units
ProceedsFromIssuanceOfCommonLimitedPartnersUnits
|
74759000 | USD |
| CY2012 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-296897000 | USD |
| CY2012 | us-gaap |
Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
|
4742000 | USD |
| us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
12735000 | USD | |
| us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease
|
56000 | USD | |
| us-gaap |
Gross Profit
GrossProfit
|
39200000 | USD | |
| us-gaap |
Operating Expenses
OperatingExpenses
|
15898000 | USD | |
| us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
5024000 | USD | |
| us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
3441000 | USD | |
| us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
14837000 | USD | |
| ngl |
Finance Charges Income
FinanceChargesIncome
|
221000 | USD | |
| us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
103000 | USD | |
| us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
12679000 | USD | |
| us-gaap |
Partners Capital Account Contributions
PartnersCapitalAccountContributions
|
1252000 | USD | |
| us-gaap |
Partners Capital Account Sale Of Units
PartnersCapitalAccountSaleOfUnits
|
10981000 | USD | |
| ngl |
General Partner Contribution
GeneralPartnerContribution
|
59000 | USD | |
| CY2011Q1 | us-gaap |
Partners Capital
PartnersCapital
|
47353000 | USD |
| CY2012 | us-gaap |
Partners Capital Account Public Sale Of Units
PartnersCapitalAccountPublicSaleOfUnits
|
75289000 | USD |
| CY2012 | us-gaap |
Partners Capital Account Treasury Units Purchases
PartnersCapitalAccountTreasuryUnitsPurchases
|
3418000 | USD |
| CY2012 | us-gaap |
Partners Capital Account Acquisitions
PartnersCapitalAccountAcquisitions
|
296500000 | USD |
| CY2012 | ngl |
General Partner Contribution
GeneralPartnerContribution
|
386000 | USD |
| CY2012 | us-gaap |
Profit Loss
ProfitLoss
|
7864000 | USD |
| CY2012 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease
|
-25000 | USD |
| CY2012Q1 | us-gaap |
Partners Capital
PartnersCapital
|
405329000 | USD |
| CY2010Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
3983000 | USD |
| us-gaap |
Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
|
12354000 | USD | |
| us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
-47000 | USD | |
| us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
-3170000 | USD | |
| us-gaap |
Payments Of Capital Distribution
PaymentsOfCapitalDistribution
|
40000000 | USD | |
| us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
1929000 | USD | |
| us-gaap |
Proceeds From Stock Plans
ProceedsFromStockPlans
|
1430000 | USD | |
| us-gaap |
Proceeds From Partnership Contribution
ProceedsFromPartnershipContribution
|
11040000 | USD | |
| us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
4928000 | USD | |
| us-gaap |
Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
|
5902000 | USD | |
| us-gaap |
Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
|
112381000 | USD | |
| us-gaap |
Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
|
149500000 | USD | |
| us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-18438000 | USD | |
| us-gaap |
Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
|
291000 | USD | |
| us-gaap |
Proceeds From Derivative Instrument Investing Activities
ProceedsFromDerivativeInstrumentInvestingActivities
|
111000 | USD | |
| us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
17400000 | USD | |
| us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
|
1440000 | USD | |
| us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
34009000 | USD | |
| us-gaap |
Increase Decrease In Customer Advances
IncreaseDecreaseInCustomerAdvances
|
-30490000 | USD | |
| us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-1209000 | USD | |
| us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
2835000 | USD | |
| us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
-3697000 | USD | |
| ngl |
Increase Decrease In Product Exchanges Net
IncreaseDecreaseInProductExchangesNet
|
16329000 | USD | |
| us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-60413000 | USD | |
| us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
813000 | USD | |
| us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-3000 | USD | |
| us-gaap |
Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
|
1468000 | USD | |
| us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
269000 | USD | |
| us-gaap |
Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
|
-16000 | USD | |
| CY2012 | dei |
Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
|
No | |
| CY2012 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--03-31 | |
| CY2012 | dei |
Entity Filer Category
EntityFilerCategory
|
Non-accelerated Filer | |
| CY2012 | dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | |
| CY2012 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2012 | |
| CY2012 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
FY | |
| CY2012 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
324000 | USD |
