2012 Q4 Form 10-Q Financial Statement

#000110465913010872 Filed on February 14, 2013

View on sec.gov

Income Statement

Concept 2012 Q4 2012 Q1 2011 Q4
Revenue $1.338B $438.9M $470.6M
YoY Change 184.33% 41.09% 51.27%
Cost Of Revenue $1.205B $389.8M $439.8M
YoY Change 173.89% 33.68% 50.89%
Gross Profit $133.7M $49.13M $30.86M
YoY Change 333.14% 151.96% 56.93%
Gross Profit Margin 9.99% 11.19% 6.56%
Selling, General & Admin $14.20M $5.600M $4.200M
YoY Change 238.1% 115.38% 75.0%
% of Gross Profit 10.62% 11.4% 13.61%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $9.200M $7.200M $3.900M
YoY Change 135.9% 213.04% 85.71%
% of Gross Profit 6.88% 14.65% 12.64%
Operating Expenses $50.52M $32.50M $12.65M
YoY Change 299.26% 173.11% 51.9%
Operating Profit $50.22M $16.63M $8.641M
YoY Change 481.22% 118.84% 19.66%
Interest Expense $9.762M -$2.300M $2.676M
YoY Change 264.8% 130.0% 103.65%
% of Operating Profit 19.44% -13.83% 30.97%
Other Income/Expense, Net $261.0K $100.0K $86.00K
YoY Change 203.49% 53.57%
Pretax Income $40.72M $14.40M $6.248M
YoY Change 551.76% 118.18% 3.17%
Income Tax $245.0K $400.0K $158.0K
% Of Pretax Income 0.6% 2.78% 2.53%
Net Earnings $40.18M $14.00M $6.090M
YoY Change 559.7% 112.12% 0.56%
Net Earnings / Revenue 3.0% 3.19% 1.29%
Basic Earnings Per Share
Diluted Earnings Per Share $768.6K $471.4K $248.0K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2012 Q4 2012 Q1 2011 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $23.90M $7.800M $10.40M
YoY Change 129.81% -52.15%
Cash & Equivalents $23.90M $7.832M $10.37M
Short-Term Investments
Other Short-Term Assets $58.00M $10.00M $19.10M
YoY Change 203.66% 143.9%
Inventory $234.0M $94.50M $184.7M
Prepaid Expenses
Receivables $595.3M $84.00M $115.2M
Other Receivables $1.300M $2.300M $2.800M
Total Short-Term Assets $912.5M $198.6M $332.1M
YoY Change 174.74% 156.32%
LONG-TERM ASSETS
Property, Plant & Equipment $520.1M $231.4M $227.9M
YoY Change 128.21% 250.49%
Goodwill $510.1M $167.2M $92.93M
YoY Change 448.88% 1851.97%
Intangibles $487.2M $149.5M $99.26M
YoY Change 390.82% 1171.71%
Long-Term Investments $500.0K
YoY Change
Other Assets $7.100M $2.766M $3.000M
YoY Change 136.67%
Total Long-Term Assets $1.525B $550.9M $423.1M
YoY Change 260.45% 538.03%
TOTAL ASSETS
Total Short-Term Assets $912.5M $198.6M $332.1M
Total Long-Term Assets $1.525B $550.9M $423.1M
Total Assets $2.437B $749.5M $755.2M
YoY Change 222.76% 357.49%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $579.4M $81.37M $107.9M
YoY Change 436.79% 118.48%
Accrued Expenses $74.10M $14.10M $9.700M
YoY Change 663.92% 281.08%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $8.635M $19.53M $92.97M
YoY Change -90.71% 2253.49%
Total Short-Term Liabilities $727.8M $144.8M $269.1M
YoY Change 170.47% 186.49%
LONG-TERM LIABILITIES
Long-Term Debt $827.6M $199.2M $117.6M
YoY Change 603.78% 203.9%
Other Long-Term Liabilities $1.428M $212.0K $222.0K
YoY Change 543.24% -46.33%
Total Long-Term Liabilities $829.0M $199.4M $117.8M
YoY Change 603.66% 202.4%
TOTAL LIABILITIES
Total Short-Term Liabilities $727.8M $144.8M $269.1M
Total Long-Term Liabilities $829.0M $199.4M $117.8M
Total Liabilities $1.557B $344.2M $386.9M
YoY Change 302.39% 195.49%
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 $874.9M $404.9M $368.3M
YoY Change
Total Liabilities & Shareholders Equity $2.437B $749.5M $755.2M
YoY Change 222.76% 357.49%

Cashflow Statement

Concept 2012 Q4 2012 Q1 2011 Q4
OPERATING ACTIVITIES
Net Income $40.18M $14.00M $6.090M
YoY Change 559.7% 112.12% 0.56%
Depreciation, Depletion And Amortization $9.200M $7.200M $3.900M
YoY Change 135.9% 213.04% 85.71%
Cash From Operating Activities $50.90M $104.0M $39.10M
YoY Change 30.18% 206.78% 39000.0%
INVESTING ACTIVITIES
Capital Expenditures $110.2M -$3.400M -$2.000M
YoY Change -5610.35% 385.71% 185.71%
Acquisitions
YoY Change
Other Investing Activities -$182.1M -$99.40M -$189.2M
YoY Change -3.75% 24750.0% 1039.76%
Cash From Investing Activities -$204.8M -$102.7M -$191.3M
YoY Change 7.06% 8458.33% 1012.21%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 151.8M -3.800M 154.2M
YoY Change -1.56% -82.73% 720.21%
NET CHANGE
Cash From Operating Activities 50.90M 104.0M 39.10M
Cash From Investing Activities -204.8M -102.7M -191.3M
Cash From Financing Activities 151.8M -3.800M 154.2M
Net Change In Cash -2.100M -2.500M 2.000M
YoY Change -205.0% -123.36% 17.65%
FREE CASH FLOW
Cash From Operating Activities $50.90M $104.0M $39.10M
Capital Expenditures $110.2M -$3.400M -$2.000M
Free Cash Flow -$59.31M $107.4M $41.10M
YoY Change -244.3% 210.4% 5037.5%

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us-gaap Nature Of Operations
NatureOfOperations
<p style="MARGIN: 0in 0in 0pt"><b><font style="FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">Note 1 - Organization and Operations</font></b></p> <p style="MARGIN: 0in 0in 0pt"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">&#160;</font></p> <p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">NGL Energy Partners LP (&#8220;we&#8221;, &#8220;our&#8221;, &#8220;us&#8221;, or the &#8220;Partnership&#8221;) is a Delaware limited partnership formed in September&#160;2010.&#160; NGL Energy Holdings LLC serves as our general partner.&#160; We completed an initial public offering in May&#160;2011.&#160; At the time of our initial public offering, we owned and operated retail propane and wholesale natural gas liquids businesses.&#160; Subsequent to our initial public offering, we significantly expanded our operations through a number of business combinations, including the following:</font></p> <p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">&#160;</font></p> <p style="MARGIN: 0in 0in 0pt 0.75in; TEXT-INDENT: -0.25in"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-FAMILY: Symbol" size="2">&#183;</font><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 3pt" size="1">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font> <font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" size="2">On October&#160;3, 2011, we completed a business combination transaction with E. 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(collectively, &#8220;Pacer&#8221;), whereby we acquired retail propane operations, primarily in the western United States.&#160; We issued 1,500,000 common units, valued at $30.4 million, and paid $32.2 million of cash in exchange for the assets and operations of Pacer, including working capital.&#160; We also assumed $2.7 million of long-term debt in the form of non-compete agreements.</font></p> <p style="MARGIN: 0in 0in 0pt 0.75in; TEXT-INDENT: -0.25in"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">&#160;</font></p> <p style="MARGIN: 0in 0in 0pt 0.75in; TEXT-INDENT: -0.25in"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-FAMILY: Symbol" size="2">&#183;</font><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 3pt" size="1">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font> <font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" size="2">On February&#160;3, 2012, we completed a business combination transaction with North American Propane,&#160;Inc. (&#8220;North American&#8221;), whereby we acquired retail propane and distillate operations in the northeastern United States.&#160; We paid $69.8 million of cash in exchange for the assets and operations of North American, including working capital.</font></p> <p style="MARGIN: 0in 0in 0pt 0.75in; TEXT-INDENT: -0.25in"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">&#160;</font></p> <p style="MARGIN: 0in 0in 0pt 0.75in; TEXT-INDENT: -0.25in"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-FAMILY: Symbol" size="2">&#183;</font><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 3pt" size="1">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font> <font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" size="2">On June&#160;19, 2012, we completed a business combination with High Sierra Energy, LP and High Sierra Energy GP, LLC (collectively, &#8220;High Sierra&#8221;).&#160; High Sierra&#8217;s businesses include crude oil gathering, transportation and marketing; water treatment, disposal, and transportation; and natural gas liquids transportation and marketing.&#160; We paid $91.8 million of cash (net of $5.0 million of cash acquired) and issued 18,018,468 common units to acquire High Sierra Energy, LP.&#160; We also paid $97.4 million of High Sierra Energy, LP&#8217;s long-term debt and other obligations.&#160; Our general partner acquired High Sierra Energy GP, LLC by paying $50 million of cash and issuing equity.&#160; Our general partner then contributed its ownership interests in High Sierra Energy GP, LLC to us, in return for which we paid our general partner $50.0 million of cash and issued 2,685,042 common units to our general partner.</font></p> <p style="MARGIN: 0in 0in 0pt 0.75in; TEXT-INDENT: -0.25in"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">&#160;</font></p> <p style="MARGIN: 0in 0in 0pt 0.75in; TEXT-INDENT: -0.25in"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-FAMILY: Symbol" size="2">&#183;</font><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 3pt" size="1">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font> <font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" size="2">On November&#160;1, 2012, we completed a business combination whereby we acquired Pecos Gathering&#160;&amp; Marketing, L.L.C. and certain of its affiliated companies (collectively, &#8220;Pecos&#8221;).&#160; The business of Pecos consists primarily of crude oil purchasing and logistics operations in Texas and New Mexico.&#160; We paid cash of $134.6 million at closing, subject to customary post-closing adjustments, and assumed certain obligations with a value of $10.4 million under certain equipment financing facilities.&#160; Also on November&#160;1, 2012, we entered into a call agreement with the former owners of Pecos pursuant to which the former owners of Pecos agreed to purchase a minimum of $45.0 million or a maximum of $60.0 million of common units from us.&#160; On November&#160;12, 2012, the former owners of Pecos purchased 1,834,414 common units from us for $45.0 million pursuant to this agreement.</font></p> <p style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">&#160;</font></p> <p style="MARGIN: 0in 0in 0pt 0.75in; TEXT-INDENT: -0.25in"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-FAMILY: Symbol" size="2">&#183;</font><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 3pt" size="1">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font> <font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" size="2">On December&#160;31, 2012, we completed a business combination transaction whereby we acquired all of the limited liability company membership interests in Third Coast Towing, LLC (&#8220;Third Coast&#8221;) for $43.0 million in cash. The business of Third Coast consists primarily of transporting crude oil via barge. The agreement contemplates a post-closing adjustment to the purchase price for certain working capital items. Also on December&#160;31, 2012, we entered into a call agreement with the former owners of Third Coast pursuant to which the former owners of Third Coast agreed to purchase a minimum of $8.0 million or a maximum of $10.0 million of common units from us. On January&#160;11, 2013, the former owners of Third Coast purchased 344,680 common units from us for $8.0 million pursuant to this call agreement.</font></p> <p style="MARGIN: 0in 0in 0pt 0.75in; TEXT-INDENT: -0.25in"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">&#160;</font></p> <p style="MARGIN: 0in 0in 0pt 0.75in; TEXT-INDENT: -0.25in"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-FAMILY: Symbol" size="2">&#183;</font><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 3pt" size="1">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font> <font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" size="2">During the nine months ended December&#160;31, 2012, we completed six separate business combination transactions to acquire retail propane and distillate operations, primarily in the northeastern and southeastern United States.&#160; On a combined basis, we paid $71.1 million of cash and issued 850,676 common units in exchange for these assets and operations, including working capital.&#160; In addition, a combined amount of approximately $0.3 million will be payable as deferred payments on the purchase prices.&#160; We also assumed $6.6 million of long-term debt in the form of non-compete agreements.</font></p> <p style="MARGIN: 0in 0in 0pt 0.75in; TEXT-INDENT: -0.25in"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">&#160;</font></p> <p style="MARGIN: 0in 0in 0pt 0.75in; TEXT-INDENT: -0.25in"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-FAMILY: Symbol" size="2">&#183;</font><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 3pt" size="1">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font> <font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" size="2">During the nine months ended December&#160;31, 2012, we completed four separate acquisitions to expand the assets and operations of our crude oil logistics and water services businesses. On a combined basis, we paid $53.3 million of cash and assumed $1.3 million of long-term debt in the form of non-compete agreements. We also issued 516,978 common units, valued at $12.4 million, as partial consideration for one of these acquisitions. Certain of the</font> <font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" size="2">acquisition</font> <font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" size="2">agreements contemplate post-closing adjustment to the purchase price for certain specified working capital items.</font></p> <p style="MARGIN: 0in 0in 0pt 0.75in; TEXT-INDENT: -0.25in"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">&#160;</font></p> <p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">As of December&#160;31, 2012, our businesses include:</font></p> <p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">&#160;</font></p> <p style="MARGIN: 0in 0in 0pt 0.75in; TEXT-INDENT: -0.25in"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-FAMILY: Symbol" size="2">&#183;</font><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 3pt" size="1">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font> <font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" size="2">Retail propane and distillate operations in more than 20 states;</font></p> <p style="MARGIN: 0in 0in 0pt 0.75in; TEXT-INDENT: -0.25in"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">&#160;</font></p> <p style="MARGIN: 0in 0in 0pt 0.75in; TEXT-INDENT: -0.25in"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-FAMILY: Symbol" size="2">&#183;</font><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 3pt" size="1">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font> <font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" size="2">Wholesale natural gas liquids operations throughout the United States and in Canada</font><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" size="2">;</font></p> <p style="MARGIN: 0in 0in 0pt 0.75in; TEXT-INDENT: -0.25in"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">&#160;</font></p> <p style="MARGIN: 0in 0in 0pt 0.75in; TEXT-INDENT: -0.25in"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-FAMILY: Symbol" size="2">&#183;</font><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 3pt" size="1">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font> <font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" size="2">Propane and natural gas liquids transportation and terminalling operations, conducted through 17 owned terminals and a fleet of owned and predominantly leased rail cars;</font></p> <p style="MARGIN: 0in 0in 0pt 0.75in; TEXT-INDENT: -0.25in"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">&#160;</font></p> <p style="MARGIN: 0in 0in 0pt 0.75in; TEXT-INDENT: -0.25in"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-FAMILY: Symbol" size="2">&#183;</font><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 3pt" size="1">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font> <font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" size="2">A crude oil transportation and marketing business, the assets of which include crude oil terminals, a fleet of trucks, a fleet of leased rail cars, and several barges; and</font></p> <p style="MARGIN: 0in 0in 0pt 0.75in; TEXT-INDENT: -0.25in"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">&#160;</font></p> <p style="MARGIN: 0in 0in 0pt 0.75in; TEXT-INDENT: -0.25in"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-FAMILY: Symbol" size="2">&#183;</font><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 3pt" size="1">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font> <font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" size="2">A water treatment business, the assets of which include water treatment and disposal facilities, a fleet of water trucks, and frac tanks.</font></p> <p style="MARGIN: 0in 0in 0pt 0.25in; TEXT-INDENT: -0.25in"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">&#160;</font></p>
us-gaap Use Of Estimates
UseOfEstimates
<p style="MARGIN: 0in 0in 0pt"><i><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-STYLE: italic; FONT-FAMILY: Times New Roman" size="2">Use of Estimates</font></i></p> <p style="MARGIN: 0in 0in 0pt"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">&#160;</font></p> <p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">The preparation of consolidated financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the period.&#160; Actual results could differ from those estimates.</font></p> <p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">&#160;</font></p>
CY2012Q1 ngl Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
7735000 USD
CY2012Q4 us-gaap Energy Related Inventory Propane Gas
EnergyRelatedInventoryPropaneGas
144949000 USD
CY2012Q1 us-gaap Energy Related Inventory Propane Gas
EnergyRelatedInventoryPropaneGas
78993000 USD
CY2012Q4 us-gaap Energy Related Inventory Natural Gas Liquids
EnergyRelatedInventoryNaturalGasLiquids
37507000 USD
CY2012Q1 us-gaap Energy Related Inventory Natural Gas Liquids
EnergyRelatedInventoryNaturalGasLiquids
9259000 USD
CY2012Q4 us-gaap Energy Related Inventory Petroleum
EnergyRelatedInventoryPetroleum
40521000 USD
CY2012Q4 us-gaap Other Inventory Net Of Reserves
OtherInventoryNetOfReserves
11048000 USD
CY2012Q1 us-gaap Other Inventory Net Of Reserves
OtherInventoryNetOfReserves
6252000 USD
CY2012Q4 us-gaap Inventory Net
InventoryNet
234025000 USD
CY2011Q4 us-gaap Interest Paid Net
InterestPaidNet
1121000 USD
us-gaap Interest Paid Net
InterestPaidNet
1980000 USD
CY2011Q4 ngl Value Of Common Units Issued In Business Combinations
ValueOfCommonUnitsIssuedInBusinessCombinations
266655000 USD
ngl Value Of Common Units Issued In Business Combinations
ValueOfCommonUnitsIssuedInBusinessCombinations
266655000 USD
CY2011Q4 us-gaap Depreciation
Depreciation
3900000 USD
us-gaap Interest Paid Net
InterestPaidNet
19257000 USD
CY2012Q4 us-gaap Interest Paid Net
InterestPaidNet
9426000 USD
ngl Value Of Common Units Issued In Business Combinations
ValueOfCommonUnitsIssuedInBusinessCombinations
490927000 USD
CY2012Q4 ngl Value Of Common Units Issued In Business Combinations
ValueOfCommonUnitsIssuedInBusinessCombinations
57259000 USD
CY2012Q4 us-gaap Net Income Loss
NetIncomeLoss
40176000 USD
CY2011Q4 us-gaap Net Income Loss
NetIncomeLoss
6090000 USD
us-gaap Net Income Loss
NetIncomeLoss
25599000 USD
us-gaap Net Income Loss
NetIncomeLoss
-6079000 USD
CY2012Q4 us-gaap Net Income Loss Allocated To General Partners
NetIncomeLossAllocatedToGeneralPartners
942000 USD
us-gaap Net Income Loss Allocated To General Partners
NetIncomeLossAllocatedToGeneralPartners
1731000 USD
CY2012Q4 ngl Net Income Loss Allocated To Limited Partnership Common Unit Holders
NetIncomeLossAllocatedToLimitedPartnershipCommonUnitHolders
34799000 USD
CY2011Q4 ngl Net Income Loss Allocated To Limited Partnership Common Unit Holders
NetIncomeLossAllocatedToLimitedPartnershipCommonUnitHolders
4412000 USD
ngl Net Income Loss Allocated To Limited Partnership Common Unit Holders
NetIncomeLossAllocatedToLimitedPartnershipCommonUnitHolders
20843000 USD
ngl Net Income Loss Allocated To Limited Partnership Common Unit Holders
NetIncomeLossAllocatedToLimitedPartnershipCommonUnitHolders
-5111000 USD
CY2012Q4 ngl Net Income Loss Allocated To Limited Partnership Subordinated Unit Holders
NetIncomeLossAllocatedToLimitedPartnershipSubordinatedUnitHolders
4435000 USD
CY2011Q4 ngl Net Income Loss Allocated To Limited Partnership Subordinated Unit Holders
NetIncomeLossAllocatedToLimitedPartnershipSubordinatedUnitHolders
1672000 USD
ngl Net Income Loss Allocated To Limited Partnership Subordinated Unit Holders
NetIncomeLossAllocatedToLimitedPartnershipSubordinatedUnitHolders
3025000 USD
ngl Net Income Loss Allocated To Limited Partnership Subordinated Unit Holders
NetIncomeLossAllocatedToLimitedPartnershipSubordinatedUnitHolders
-962000 USD
ngl Weighted Average Limited Partnership Common Units Outstanding Basic And Diluted
WeightedAverageLimitedPartnershipCommonUnitsOutstandingBasicAndDiluted
39288012 shares
ngl Weighted Average Limited Partnership Common Units Outstanding Basic And Diluted
WeightedAverageLimitedPartnershipCommonUnitsOutstandingBasicAndDiluted
12491836 shares
CY2012Q4 ngl Weighted Average Limited Partnership Subordinate Units Outstanding Basic And Diluted
WeightedAverageLimitedPartnershipSubordinateUnitsOutstandingBasicAndDiluted
5919346 shares
CY2011Q4 ngl Weighted Average Limited Partnership Subordinate Units Outstanding Basic And Diluted
WeightedAverageLimitedPartnershipSubordinateUnitsOutstandingBasicAndDiluted
5919346 shares
ngl Weighted Average Limited Partnership Subordinate Units Outstanding Basic And Diluted
WeightedAverageLimitedPartnershipSubordinateUnitsOutstandingBasicAndDiluted
5919346 shares
ngl Weighted Average Limited Partnership Subordinate Units Outstanding Basic And Diluted
WeightedAverageLimitedPartnershipSubordinateUnitsOutstandingBasicAndDiluted
4929201 shares
CY2012Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.75
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.53
CY2012Q4 ngl Net Income Loss Per Outstanding Limited Partnership Subordinated Unit Basic And Diluted
NetIncomeLossPerOutstandingLimitedPartnershipSubordinatedUnitBasicAndDiluted
0.75
ngl Net Income Loss Per Outstanding Limited Partnership Subordinated Unit Basic And Diluted
NetIncomeLossPerOutstandingLimitedPartnershipSubordinatedUnitBasicAndDiluted
0.51
CY2012Q4 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1651400 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1651400 shares
CY2012Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
554156000 USD
CY2012Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
244237000 USD
CY2012Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
520084000 USD
CY2012Q4 us-gaap Depreciation
Depreciation
9200000 USD
us-gaap Depreciation
Depreciation
23000000 USD
CY2012Q4 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
12162000 USD
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
342827000 USD
CY2012Q4 us-gaap Goodwill
Goodwill
510072000 USD
CY2011Q4 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1973000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
29639000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3477000 USD
CY2012Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
10393000 USD
CY2012Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
38971000 USD
CY2012Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
37712000 USD
CY2012Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
36587000 USD
CY2012Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
35550000 USD
CY2012Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
300429000 USD
CY2012Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
459642000 USD
CY2012Q4 us-gaap Indefinite Lived Trade Names
IndefiniteLivedTradeNames
27564000 USD
CY2012Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
489449000 USD
CY2012Q4 ngl Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
517013000 USD
CY2012Q1 us-gaap Indefinite Lived Trade Names
IndefiniteLivedTradeNames
11740000 USD
CY2012Q1 ngl Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
157664000 USD
ngl Limited Partners Capital Account Cash Distribution Allocation Percentage To Holders Of Common Units Level One
LimitedPartnersCapitalAccountCashDistributionAllocationPercentageToHoldersOfCommonUnitsLevelOne
0.999 pure
ngl General Partners Capital Account Cash Distribution Allocation Percentage Level One
GeneralPartnersCapitalAccountCashDistributionAllocationPercentageLevelOne
0.001 pure
ngl Limited Partners Capital Account Cash Distribution Allocation Percentage To Holders Of Subordinated Units Level Two
LimitedPartnersCapitalAccountCashDistributionAllocationPercentageToHoldersOfSubordinatedUnitsLevelTwo
0.999 pure
ngl General Partners Capital Account Cash Distribution Allocation Percentage Level Two
GeneralPartnersCapitalAccountCashDistributionAllocationPercentageLevelTwo
0.001 pure
ngl Limited Partners Capital Account Cash Distribution Allocation Percentage To All Unit Holders On Prorata Basis Level Three
LimitedPartnersCapitalAccountCashDistributionAllocationPercentageToAllUnitHoldersOnProrataBasisLevelThree
0.999 pure
ngl General Partners Capital Account Cash Distribution Allocation Percentage Level Three
GeneralPartnersCapitalAccountCashDistributionAllocationPercentageLevelThree
0.001 pure
ngl Total Quarterly Distribution Per Unit Based On Specified Target Distribution
TotalQuarterlyDistributionPerUnitBasedOnSpecifiedTargetDistribution
0.337500
CY2011Q3 us-gaap Distribution Made To Member Or Limited Partner Distributions Paid Per Unit
DistributionMadeToMemberOrLimitedPartnerDistributionsPaidPerUnit
0.1669
CY2012Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
827570000 USD
CY2012Q4 us-gaap Long Term Debt
LongTermDebt
836205000 USD
CY2012Q1 us-gaap Long Term Debt
LongTermDebt
218711000 USD
CY2012Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
8635000 USD
CY2011Q4 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
1559000 USD
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
3513000 USD
ngl Nonqualifying Income As Percentage Of Gross Income Maximum
NonqualifyingIncomeAsPercentageOfGrossIncomeMaximum
0.10 pure
CY2012Q4 ngl Number Of Taxable Corporate Subsidiaries
NumberOfTaxableCorporateSubsidiaries
2 item
CY2012Q4 ngl Number Of Canadian Subsidiaries
NumberOfCanadianSubsidiaries
2 item
CY2011Q4 us-gaap Distribution Made To Member Or Limited Partner Distributions Paid Per Unit
DistributionMadeToMemberOrLimitedPartnerDistributionsPaidPerUnit
0.3375
CY2012Q1 us-gaap Distribution Made To Member Or Limited Partner Distributions Paid Per Unit
DistributionMadeToMemberOrLimitedPartnerDistributionsPaidPerUnit
0.3500
CY2012Q2 us-gaap Distribution Made To Member Or Limited Partner Distributions Paid Per Unit
DistributionMadeToMemberOrLimitedPartnerDistributionsPaidPerUnit
0.3625
CY2012Q3 us-gaap Distribution Made To Member Or Limited Partner Distributions Paid Per Unit
DistributionMadeToMemberOrLimitedPartnerDistributionsPaidPerUnit
0.4125
CY2012Q4 us-gaap Distribution Made To Member Or Limited Partner Distributions Paid Per Unit
DistributionMadeToMemberOrLimitedPartnerDistributionsPaidPerUnit
0.4500
CY2011Q3 ngl Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
2467000 USD
CY2011Q4 ngl Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
4990000 USD
CY2012Q4 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
15938000 USD
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
38097000 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
14376000 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
51697000 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
44908000 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
43648000 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
42684000 USD
ngl Schedule Of Equivalent Units Not Eligible To Receive Distribution
ScheduleOfEquivalentUnitsNotEligibleToReceiveDistribution
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CY2012Q2 ngl Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
9165000 USD
CY2012Q3 ngl Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
13574000 USD
CY2012Q4 ngl Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
22846000 USD
CY2011Q3 ngl Distribution Made To Member Cash Distributions Paid
DistributionMadeToMemberCashDistributionsPaid
3000 USD
CY2011Q4 ngl Distribution Made To Member Cash Distributions Paid
DistributionMadeToMemberCashDistributionsPaid
5000 USD
CY2012Q1 ngl Distribution Made To Member Cash Distributions Paid
DistributionMadeToMemberCashDistributionsPaid
10000 USD
CY2012Q2 ngl Distribution Made To Member Cash Distributions Paid
DistributionMadeToMemberCashDistributionsPaid
10000 USD
CY2012Q3 ngl Distribution Made To Member Cash Distributions Paid
DistributionMadeToMemberCashDistributionsPaid
134000 USD
CY2012Q4 ngl Distribution Made To Member Cash Distributions Paid
DistributionMadeToMemberCashDistributionsPaid
707000 USD
CY2011Q4 ngl Business Acquisition Number Of Common Units Not Eligible To Receive Distributions Declared
BusinessAcquisitionNumberOfCommonUnitsNotEligibleToReceiveDistributionsDeclared
4000000 shares
CY2012Q1 ngl Business Acquisition Number Of Common Units Not Eligible To Receive Distributions Declared
BusinessAcquisitionNumberOfCommonUnitsNotEligibleToReceiveDistributionsDeclared
7117031 shares
CY2012Q2 ngl Business Acquisition Number Of Common Units Not Eligible To Receive Distributions Declared
BusinessAcquisitionNumberOfCommonUnitsNotEligibleToReceiveDistributionsDeclared
3932031 shares
CY2012Q3 ngl Business Acquisition Number Of Common Units Not Eligible To Receive Distributions Declared
BusinessAcquisitionNumberOfCommonUnitsNotEligibleToReceiveDistributionsDeclared
17862470 shares
CY2012Q4 ngl Business Acquisition Number Of Common Units Not Eligible To Receive Distributions Declared
BusinessAcquisitionNumberOfCommonUnitsNotEligibleToReceiveDistributionsDeclared
516978 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Percentage Of Outstanding Stock Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardPercentageOfOutstandingStockMaximum
0.10 pure
ngl Share Based Compensation Arrangement By Share Based Payment Award Incremental Percentage Of Outstanding Stock Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardIncrementalPercentageOfOutstandingStockMaximum
0.10 pure
CY2012Q4 us-gaap Margin Deposit Assets
MarginDepositAssets
-4038000 USD
CY2012Q4 us-gaap Price Risk Derivatives At Fair Value Net
PriceRiskDerivativesAtFairValueNet
10489000 USD
CY2012Q4 ngl Price Risk Derivatives At Fair Value Net After Margin Deposits
PriceRiskDerivativesAtFairValueNetAfterMarginDeposits
6451000 USD
us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
1898000 USD
CY2011Q4 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
1655000 USD
CY2012Q4 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
7005000 USD
us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
12019000 USD
ngl Number Of Divisions Of Retail Propane Segment
NumberOfDivisionsOfRetailPropaneSegment
2 item
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 item
ngl Sales Revenue Gross
SalesRevenueGross
2800154000 USD
CY2012Q4 ngl Sales Revenue Gross
SalesRevenueGross
1338208000 USD
CY2011Q4 ngl Sales Revenue Gross
SalesRevenueGross
470649000 USD
ngl Sales Revenue Gross
SalesRevenueGross
871544000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
41335000 USD
CY2012Q4 us-gaap Depreciation And Amortization
DepreciationAndAmortization
18747000 USD
CY2012Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
50223000 USD
CY2012Q1 us-gaap Noncurrent Assets
NoncurrentAssets
548129000 USD
CY2012Q4 us-gaap Due From Related Parties Current
DueFromRelatedPartiesCurrent
1334000 USD
CY2012Q4 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
6527000 USD
CY2012Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2012Q1 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2012Q4 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
4000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
1000 USD
CY2013Q1 us-gaap Distribution Made To Member Or Limited Partner Distributions Paid Per Unit
DistributionMadeToMemberOrLimitedPartnerDistributionsPaidPerUnit
0.4625
CY2013Q1 ngl Distribution Made To Member Cash Distributions Paid
DistributionMadeToMemberCashDistributionsPaid
927000 USD
CY2013Q1 ngl Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
24245000 USD
CY2013Q1 ngl Business Acquisition Number Of Common Units Not Eligible To Receive Distributions Declared
BusinessAcquisitionNumberOfCommonUnitsNotEligibleToReceiveDistributionsDeclared
1202085 shares
us-gaap Additions To Noncurrent Assets
AdditionsToNoncurrentAssets
168734000 USD
us-gaap Depreciation
Depreciation
6500000 USD
us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
18460000 USD
CY2011Q4 us-gaap Partners Capital
PartnersCapital
885221000 USD
us-gaap Partners Capital Account Distributions
PartnersCapitalAccountDistributions
46436000 USD
ngl General Partner Contribution
GeneralPartnerContribution
876000 USD
us-gaap Partners Capital Account Acquisitions
PartnersCapitalAccountAcquisitions
495660000 USD
CY2012Q4 ngl Unamortized Balances Included In Current Assets
UnamortizedBalancesIncludedInCurrentAssets
11640000 USD
CY2012Q4 ngl Unamortized Balances Included In Noncurrent Assets
UnamortizedBalancesIncludedInNoncurrentAssets
202000 USD
CY2012Q4 ngl Unamortized Balances Included In Current Liabilities
UnamortizedBalancesIncludedInCurrentLiabilities
-4902000 USD
CY2012Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
595274000 USD
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PrepaidExpenseAndOtherAssetsCurrent
58004000 USD
CY2012Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
487206000 USD
CY2012Q4 us-gaap Other Assets
OtherAssets
7567000 USD
CY2012Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
579371000 USD
CY2012Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
74064000 USD
CY2012Q4 us-gaap Customer Advances Current
CustomerAdvancesCurrent
59237000 USD
CY2012Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
1428000 USD
CY2012Q4 us-gaap General Partners Capital Account
GeneralPartnersCapitalAccount
-50752000 USD
CY2012Q4 us-gaap Limited Partners Capital Account
LimitedPartnersCapitalAccount
912028000 USD
CY2012Q4 ngl Subordinated Units
SubordinatedUnits
13556000 USD
CY2012Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
32000 USD
CY2012Q4 us-gaap Partners Capital Attributable To Noncontrolling Interest
PartnersCapitalAttributableToNoncontrollingInterest
5773000 USD
CY2012Q4 us-gaap Propane Revenue
PropaneRevenue
127905000 USD
CY2012Q4 ngl Natural Gas Liquids Logistics Revenue
NaturalGasLiquidsLogisticsRevenue
508131000 USD
CY2012Q4 us-gaap Propane Costs
PropaneCosts
77449000 USD
CY2012Q4 ngl Cost Of Sales Natural Gas Liquids Logistics
CostOfSalesNaturalGasLiquidsLogistics
470621000 USD
CY2012Q4 us-gaap Operating Expenses
OperatingExpenses
50518000 USD
CY2012Q4 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
14175000 USD
CY2012Q4 ngl Finance Charges Income
FinanceChargesIncome
241000 USD
CY2012Q4 us-gaap Interest Expense
InterestExpense
9762000 USD
CY2012Q4 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
20000 USD
CY2012Q4 us-gaap Weighted Average Limited Partnership And General Partnership Units Outstanding Basic
WeightedAverageLimitedPartnershipAndGeneralPartnershipUnitsOutstandingBasic
46364381 shares
CY2012Q4 ngl Weighted Average Limited Partnership Subordinate Units Outstanding Basic
WeightedAverageLimitedPartnershipSubordinateUnitsOutstandingBasic
5919346 shares
us-gaap Weighted Average Limited Partnership And General Partnership Units Outstanding Basic
WeightedAverageLimitedPartnershipAndGeneralPartnershipUnitsOutstandingBasic
39288012 shares
ngl Weighted Average Limited Partnership Subordinate Units Outstanding Basic
WeightedAverageLimitedPartnershipSubordinateUnitsOutstandingBasic
5919346 shares
ngl Natural Gas Liquids Logistics Revenue
NaturalGasLiquidsLogisticsRevenue
1050116000 USD
us-gaap Propane Costs
PropaneCosts
144556000 USD
ngl Cost Of Sales Natural Gas Liquids Logistics
CostOfSalesNaturalGasLiquidsLogistics
982949000 USD
us-gaap Operating Expenses
OperatingExpenses
113287000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
34578000 USD
ngl Finance Charges Income
FinanceChargesIncome
870000 USD
us-gaap Interest Expense
InterestExpense
22254000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
49000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
781000 USD
CY2012Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
245000 USD
CY2013Q1 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
156802 shares
CY2013Q1 us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
61698 shares
CY2012Q4 ngl Unamortized Balances Included In Asset Liability Net
UnamortizedBalancesIncludedInAssetLiabilityNet
6940000 USD
CY2012Q3 ngl Unrecorded Unconditional Obligation Amortization Of Contract Assets And Liabilities Included In Cost Of Sales
UnrecordedUnconditionalObligationAmortizationOfContractAssetsAndLiabilitiesIncludedInCostOfSales
2278000 USD
CY2012Q4 ngl Unrecorded Unconditional Obligation Amortization Of Contract Assets And Liabilities Included In Cost Of Sales
UnrecordedUnconditionalObligationAmortizationOfContractAssetsAndLiabilitiesIncludedInCostOfSales
6818000 USD
CY2013Q1 ngl Unrecorded Unconditional Obligation Amortization Of Contract Assets And Liabilities Expected To Be Included In Cost Of Sales
UnrecordedUnconditionalObligationAmortizationOfContractAssetsAndLiabilitiesExpectedToBeIncludedInCostOfSales
4402000 USD
CY2013Q2 ngl Unrecorded Unconditional Obligation Amortization Of Contract Assets And Liabilities Expected To Be Included In Cost Of Sales
UnrecordedUnconditionalObligationAmortizationOfContractAssetsAndLiabilitiesExpectedToBeIncludedInCostOfSales
1249000 USD
CY2013Q3 ngl Unrecorded Unconditional Obligation Amortization Of Contract Assets And Liabilities Expected To Be Included In Cost Of Sales
UnrecordedUnconditionalObligationAmortizationOfContractAssetsAndLiabilitiesExpectedToBeIncludedInCostOfSales
1008000 USD
CY2013Q4 ngl Unrecorded Unconditional Obligation Amortization Of Contract Assets And Liabilities Expected To Be Included In Cost Of Sales
UnrecordedUnconditionalObligationAmortizationOfContractAssetsAndLiabilitiesExpectedToBeIncludedInCostOfSales
80000 USD
CY2014Q1 ngl Unrecorded Unconditional Obligation Amortization Of Contract Assets And Liabilities Expected To Be Included In Cost Of Sales
UnrecordedUnconditionalObligationAmortizationOfContractAssetsAndLiabilitiesExpectedToBeIncludedInCostOfSales
201000 USD
CY2012Q4 ngl Unrecorded Unconditional Obligation Amortization Of Contract Assets And Liabilities Included And Expected To Be Included In Cost Of Sales
UnrecordedUnconditionalObligationAmortizationOfContractAssetsAndLiabilitiesIncludedAndExpectedToBeIncludedInCostOfSales
16036000 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
700000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
736000 USD
CY2012Q4 us-gaap Income Taxes Paid
IncomeTaxesPaid
560000 USD
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
34000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
909000 USD
us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
12024000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
13000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
29287000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
88631000 USD
ngl Increase Decrease In Product Exchanges Net
IncreaseDecreaseInProductExchangesNet
-13678000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-6961000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
26437000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-20985000 USD
us-gaap Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
-11951000 USD
us-gaap Increase Decrease In Customer Advances
IncreaseDecreaseInCustomerAdvances
25813000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-1926000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
37369000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
493296000 USD
us-gaap Proceeds From Derivative Instrument Investing Activities
ProceedsFromDerivativeInstrumentInvestingActivities
14478000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-645000 USD
us-gaap Proceeds From Issuance Of Common Limited Partners Units
ProceedsFromIssuanceOfCommonLimitedPartnersUnits
-642000 USD
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
628975000 USD
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
977975000 USD
us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
1346000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
18613000 USD
ngl Partners Capital Account Distributions Cash Flow Impact
PartnersCapitalAccountDistributionsCashFlowImpact
-46436000 USD
us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
16071000 USD
CY2012Q4 us-gaap Noncurrent Assets
NoncurrentAssets
1517362000 USD
ngl Minimum Percentage Of Qualifying Income Of Non Taxable Subsidiaries
MinimumPercentageOfQualifyingIncomeOfNonTaxableSubsidiaries
0.90 pure
us-gaap Additions To Noncurrent Assets
AdditionsToNoncurrentAssets
310926000 USD

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