2018 Q1 Form 10-Q Financial Statement

#000150446118000010 Filed on February 09, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2017 Q4 2016 Q4
Revenue $2.144B $1.996B $3.312B
YoY Change -42.31% -39.71% 23.33%
Cost Of Revenue $1.960B $1.807B $3.201B
YoY Change -44.86% -43.55% 31.54%
Gross Profit $184.0M $189.2M $110.5M
YoY Change 13.63% 71.3% -56.08%
Gross Profit Margin 8.58% 9.48% 3.34%
Selling, General & Admin $28.20M $26.40M $18.30M
YoY Change 59.32% 44.26% -20.43%
% of Gross Profit 15.32% 13.95% 16.57%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $54.70M $25.49M $32.04M
YoY Change 158.02% -20.43% -9.6%
% of Gross Profit 29.72% 13.47% 29.0%
Operating Expenses $149.6M $130.8M $157.8M
YoY Change 1770.0% -17.11% -9.78%
Operating Profit $34.43M $100.6M $22.56M
YoY Change -77.64% 345.8% -72.68%
Interest Expense -$44.80M $51.70M $41.44M
YoY Change 6.41% 24.76% 14.54%
% of Operating Profit -130.14% 51.41% 183.69%
Other Income/Expense, Net $300.0K $1.881M $20.01M
YoY Change 50.0% -90.6% 825.82%
Pretax Income -$35.40M $32.19M $2.407M
YoY Change 55.95% 1237.39% -95.32%
Income Tax $500.0K $364.0K $1.114M
% Of Pretax Income 1.13% 46.28%
Net Earnings $109.6M $56.26M $976.0K
YoY Change 325.72% 5663.93% -97.79%
Net Earnings / Revenue 5.11% 2.82% 0.03%
Basic Earnings Per Share
Diluted Earnings Per Share $903.5K $453.3K $9.259K
COMMON SHARES
Basic Shares Outstanding 121.1M shares 120.5M shares 107.4M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2018 Q1 2017 Q4 2016 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $22.10M $28.50M $28.90M
YoY Change 79.67% -1.38% 14.68%
Cash & Equivalents $22.09M $24.26M $28.93M
Short-Term Investments
Other Short-Term Assets $646.3M $229.0M $134.5M
YoY Change 526.26% 70.26% -34.36%
Inventory $161.6M $645.1M $614.0M
Prepaid Expenses
Receivables $820.6M $1.064B $765.3M
Other Receivables $4.700M $3.500M $20.00M
Total Short-Term Assets $1.800B $1.970B $1.563B
YoY Change -11.49% 26.06% 27.09%
LONG-TERM ASSETS
Property, Plant & Equipment $1.512B $1.709B $1.747B
YoY Change -1.12% -2.19% -11.46%
Goodwill $1.171B $1.313B $1.462B
YoY Change -9.06% -10.18% -14.0%
Intangibles $775.1M $1.065B $1.165B
YoY Change -23.05% -8.57% -4.92%
Long-Term Investments $17.24M $16.37M $187.5M
YoY Change -90.8% -91.27% -59.9%
Other Assets $203.0M $242.8M $251.4M
YoY Change -14.88% -3.42% 136.95%
Total Long-Term Assets $4.351B $4.346B $4.815B
YoY Change 1.5% -9.74% -12.37%
TOTAL ASSETS
Total Short-Term Assets $1.800B $1.970B $1.563B
Total Long-Term Assets $4.351B $4.346B $4.815B
Total Assets $6.151B $6.316B $6.378B
YoY Change -2.68% -0.97% -5.15%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $781.2M $866.8M $650.9M
YoY Change 20.1% 33.17% 27.3%
Accrued Expenses $98.80M $98.40M $99.80M
YoY Change -24.41% -1.4% -9.6%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $600.0K $3.300M $33.50M
YoY Change -97.97% -90.15% 340.79%
Total Short-Term Liabilities $1.116B $1.165B $966.8M
YoY Change 17.93% 20.46% 20.63%
LONG-TERM LIABILITIES
Long-Term Debt $2.680B $2.922B $3.217B
YoY Change -9.58% -9.16% -3.22%
Other Long-Term Liabilities $173.3M $168.3M $186.3M
YoY Change -6.06% -9.66% 64.96%
Total Long-Term Liabilities $173.3M $168.3M $186.3M
YoY Change -6.06% -9.66% 64.96%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.116B $1.165B $966.8M
Total Long-Term Liabilities $173.3M $168.3M $186.3M
Total Liabilities $1.290B $1.333B $1.153B
YoY Change 14.02% 15.6% 26.11%
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 $2.085B $2.050B $1.979B
YoY Change
Total Liabilities & Shareholders Equity $6.151B $6.316B $6.378B
YoY Change -2.68% -0.97% -5.15%

Cashflow Statement

Concept 2018 Q1 2017 Q4 2016 Q4
OPERATING ACTIVITIES
Net Income $109.6M $56.26M $976.0K
YoY Change 325.72% 5663.93% -97.79%
Depreciation, Depletion And Amortization $54.70M $25.49M $32.04M
YoY Change 158.02% -20.43% -9.6%
Cash From Operating Activities $133.7M -$7.400M -$59.20M
YoY Change 47.57% -87.5% -149.75%
INVESTING ACTIVITIES
Capital Expenditures -$51.50M -$35.70M -$63.00M
YoY Change -35.87% -43.33% -77.07%
Acquisitions
YoY Change
Other Investing Activities $216.9M $249.0M -$32.60M
YoY Change 349.07% -863.8% -257.49%
Cash From Investing Activities $165.5M $213.3M -$95.60M
YoY Change -617.19% -323.12% -62.39%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -301.4M -197.3M 160.2M
YoY Change 297.1% -223.16% 23.04%
NET CHANGE
Cash From Operating Activities 133.7M -7.400M -59.20M
Cash From Investing Activities 165.5M 213.3M -95.60M
Cash From Financing Activities -301.4M -197.3M 160.2M
Net Change In Cash -2.200M 8.600M 5.400M
YoY Change -87.28% 59.26% -208.0%
FREE CASH FLOW
Cash From Operating Activities $133.7M -$7.400M -$59.20M
Capital Expenditures -$51.50M -$35.70M -$63.00M
Free Cash Flow $185.2M $28.30M $3.800M
YoY Change 8.37% 644.74% -99.04%

Facts In Submission

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CY2017Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2016Q4 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
1838000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
117448000 USD
CY2017Q4 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
57553000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-180167000 USD
CY2017Q4 us-gaap Construction Payable Current And Noncurrent
ConstructionPayableCurrentAndNoncurrent
6200000 USD
CY2016Q4 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
3228022000 USD
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
8723192000 USD
CY2017Q4 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
4272808000 USD
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
11685637000 USD
CY2016Q4 us-gaap Cost Of Services Oil And Gas
CostOfServicesOilAndGas
361839000 USD
us-gaap Cost Of Services Oil And Gas
CostOfServicesOilAndGas
1107587000 USD
CY2017Q4 us-gaap Cost Of Services Oil And Gas
CostOfServicesOilAndGas
552871000 USD
us-gaap Cost Of Services Oil And Gas
CostOfServicesOilAndGas
1423511000 USD
CY2017Q4 us-gaap Cumulative Effect Of New Accounting Principle In Period Of Adoption
CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption
0 USD
CY2017Q1 us-gaap Customer Advances Current
CustomerAdvancesCurrent
35944000 USD
CY2017Q4 us-gaap Customer Advances Current
CustomerAdvancesCurrent
46850000 USD
CY2017Q1 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
2993073000 USD
CY2017Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
2925226000 USD
CY2017 us-gaap Deferred Compensation Arrangement With Individual Shares Issued
DeferredCompensationArrangementWithIndividualSharesIssued
964702 shares
CY2016Q4 us-gaap Depreciation
Depreciation
32039000 USD
us-gaap Depreciation
Depreciation
88396000 USD
CY2017Q4 us-gaap Depreciation
Depreciation
32629000 USD
us-gaap Depreciation
Depreciation
98761000 USD
CY2016Q4 us-gaap Depreciation And Amortization
DepreciationAndAmortization
60767000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
160276000 USD
CY2017Q4 us-gaap Depreciation And Amortization
DepreciationAndAmortization
63340000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
192427000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
173566000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
205192000 USD
CY2017Q1 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
10976000 USD
CY2017Q4 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
-3016000 USD
CY2016Q4 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-57700000 USD
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-102600000 USD
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-102638000 USD
CY2017Q4 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-64900000 USD
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-99800000 USD
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-99814000 USD
CY2017Q1 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
27622000 USD
CY2017Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
34713000 USD
CY2017Q4 us-gaap Disposal Group Including Discontinued Operation Accounts Notes And Loans Receivable Net
DisposalGroupIncludingDiscontinuedOperationAccountsNotesAndLoansReceivableNet
13336000 USD
CY2017Q4 us-gaap Disposal Group Including Discontinued Operation Accounts Payable Current
DisposalGroupIncludingDiscontinuedOperationAccountsPayableCurrent
686000 USD
CY2017Q4 us-gaap Disposal Group Including Discontinued Operation Accrued Liabilities Current
DisposalGroupIncludingDiscontinuedOperationAccruedLiabilitiesCurrent
2565000 USD
CY2017Q4 us-gaap Disposal Group Including Discontinued Operation Cash And Cash Equivalents
DisposalGroupIncludingDiscontinuedOperationCashAndCashEquivalents
1985000 USD
CY2017Q4 us-gaap Disposal Group Including Discontinued Operation Deferred Revenue Current
DisposalGroupIncludingDiscontinuedOperationDeferredRevenueCurrent
13163000 USD
CY2017Q4 us-gaap Disposal Group Including Discontinued Operation Goodwill Current
DisposalGroupIncludingDiscontinuedOperationGoodwillCurrent
24959000 USD
CY2017Q4 us-gaap Disposal Group Including Discontinued Operation Intangible Assets Current
DisposalGroupIncludingDiscontinuedOperationIntangibleAssetsCurrent
21463000 USD
CY2017Q4 us-gaap Disposal Group Including Discontinued Operation Inventory Current
DisposalGroupIncludingDiscontinuedOperationInventoryCurrent
6273000 USD
CY2017Q4 us-gaap Disposal Group Including Discontinued Operation Other Current Liabilities
DisposalGroupIncludingDiscontinuedOperationOtherCurrentLiabilities
160000 USD
CY2017Q4 us-gaap Disposal Group Including Discontinued Operation Prepaid And Other Assets Current
DisposalGroupIncludingDiscontinuedOperationPrepaidAndOtherAssetsCurrent
2437000 USD
CY2017Q4 us-gaap Disposal Group Including Discontinued Operation Property Plant And Equipment Current
DisposalGroupIncludingDiscontinuedOperationPropertyPlantAndEquipmentCurrent
61137000 USD
us-gaap Distribution Made To Limited Partner Cash Distributions Declared
DistributionMadeToLimitedPartnerCashDistributionsDeclared
0 USD
us-gaap Distribution Made To Limited Partner Cash Distributions Declared
DistributionMadeToLimitedPartnerCashDistributionsDeclared
4725000 USD
CY2017Q2 us-gaap Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
46870000 USD
CY2017Q3 us-gaap Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
47460000 USD
CY2017Q4 us-gaap Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
47000000 USD
CY2017Q2 us-gaap Distribution Made To Limited Partner Distributions Declared Per Unit
DistributionMadeToLimitedPartnerDistributionsDeclaredPerUnit
0.3900
CY2017Q3 us-gaap Distribution Made To Limited Partner Distributions Declared Per Unit
DistributionMadeToLimitedPartnerDistributionsDeclaredPerUnit
0.3900
CY2017Q4 us-gaap Distribution Made To Limited Partner Distributions Declared Per Unit
DistributionMadeToLimitedPartnerDistributionsDeclaredPerUnit
0.3900
CY2017Q1 us-gaap Due From Related Parties Current
DueFromRelatedPartiesCurrent
6711000 USD
CY2017Q4 us-gaap Due From Related Parties Current
DueFromRelatedPartiesCurrent
3517000 USD
CY2017Q1 us-gaap Due From Related Parties Noncurrent
DueFromRelatedPartiesNoncurrent
3200000 USD
CY2017Q4 us-gaap Due From Related Parties Noncurrent
DueFromRelatedPartiesNoncurrent
318000 USD
CY2017Q1 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
7918000 USD
CY2017Q4 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
474000 USD
us-gaap Early Repayment Of Subordinated Debt
EarlyRepaymentOfSubordinatedDebt
15129000 USD
us-gaap Early Repayment Of Subordinated Debt
EarlyRepaymentOfSubordinatedDebt
415568000 USD
CY2017Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
22227000 USD
CY2017Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
16237000 USD
CY2017Q1 us-gaap Energy Related Inventory Petroleum
EnergyRelatedInventoryPetroleum
146857000 USD
CY2017Q4 us-gaap Energy Related Inventory Petroleum
EnergyRelatedInventoryPetroleum
77306000 USD
CY2017Q1 us-gaap Energy Related Inventory Propane Gas
EnergyRelatedInventoryPropaneGas
38631000 USD
CY2017Q4 us-gaap Energy Related Inventory Propane Gas
EnergyRelatedInventoryPropaneGas
118998000 USD
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
2094000 USD
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
4891000 USD
CY2017Q1 us-gaap Equity Method Investments
EquityMethodInvestments
187423000 USD
CY2017Q4 us-gaap Equity Method Investments
EquityMethodInvestments
16369000 USD
CY2017Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
414605000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
455532000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
554417000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
32936000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
96432000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
111519000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
124632000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
128009000 USD
CY2017Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1558411000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1503477000 USD
CY2017Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1143806000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1047945000 USD
us-gaap Finite Lived Intangible Assets Remaining Amortization Period1
FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1
P11Y4M24D
us-gaap Gain Loss On Contract Termination
GainLossOnContractTermination
16205000 USD
us-gaap Gain Loss On Contract Termination
GainLossOnContractTermination
0 USD
CY2016Q4 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-34000 USD
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
203433000 USD
CY2017Q4 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
111480000 USD
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
11242000 USD
CY2017Q4 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
-4700000 USD
us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
-4000000 USD
CY2016Q4 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
18280000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
88077000 USD
CY2017Q4 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
29218000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
77689000 USD
CY2017Q2 us-gaap General Partner Distributions
GeneralPartnerDistributions
80000 USD
CY2017Q3 us-gaap General Partner Distributions
GeneralPartnerDistributions
81000 USD
CY2017Q4 us-gaap General Partner Distributions
GeneralPartnerDistributions
81000 USD
CY2017Q1 us-gaap General Partners Capital Account
GeneralPartnersCapitalAccount
-50529000 USD
CY2017Q4 us-gaap General Partners Capital Account
GeneralPartnersCapitalAccount
-50869000 USD
CY2017Q4 us-gaap General Partners Capital Account Units Issued
GeneralPartnersCapitalAccountUnitsIssued
905 shares
CY2017Q1 us-gaap General Partners Capital Account Units Outstanding
GeneralPartnersCapitalAccountUnitsOutstanding
120300 shares
CY2017Q4 us-gaap General Partners Capital Account Units Outstanding
GeneralPartnersCapitalAccountUnitsOutstanding
121205 shares
CY2017Q1 us-gaap Goodwill
Goodwill
1451716000 USD
CY2017Q4 us-gaap Goodwill
Goodwill
1313317000 USD
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
3010000 USD
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
116877000 USD
us-gaap Goodwill Other Increase Decrease
GoodwillOtherIncreaseDecrease
24959000 USD
us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
427000 USD
CY2016Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2407000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
119424000 USD
CY2017Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
57133000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-179583000 USD
CY2016Q4 us-gaap Income Loss From Continuing Operations Net Of Tax Per Outstanding Limited Partnership Unit Diluted
IncomeLossFromContinuingOperationsNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
-0.07
us-gaap Income Loss From Continuing Operations Net Of Tax Per Outstanding Limited Partnership Unit Diluted
IncomeLossFromContinuingOperationsNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
0.82
CY2017Q4 us-gaap Income Loss From Continuing Operations Net Of Tax Per Outstanding Limited Partnership Unit Diluted
IncomeLossFromContinuingOperationsNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
0.32
us-gaap Income Loss From Continuing Operations Net Of Tax Per Outstanding Limited Partnership Unit Diluted
IncomeLossFromContinuingOperationsNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
-1.84
CY2016Q4 us-gaap Income Loss From Continuing Operations Per Outstanding Limited Partnership And General Partnership Unit Basic
IncomeLossFromContinuingOperationsPerOutstandingLimitedPartnershipAndGeneralPartnershipUnitBasic
-0.07
us-gaap Income Loss From Continuing Operations Per Outstanding Limited Partnership And General Partnership Unit Basic
IncomeLossFromContinuingOperationsPerOutstandingLimitedPartnershipAndGeneralPartnershipUnitBasic
0.85
CY2017Q4 us-gaap Income Loss From Continuing Operations Per Outstanding Limited Partnership And General Partnership Unit Basic
IncomeLossFromContinuingOperationsPerOutstandingLimitedPartnershipAndGeneralPartnershipUnitBasic
0.33
us-gaap Income Loss From Continuing Operations Per Outstanding Limited Partnership And General Partnership Unit Basic
IncomeLossFromContinuingOperationsPerOutstandingLimitedPartnershipAndGeneralPartnershipUnitBasic
-1.84
CY2016Q4 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1279000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1726000 USD
CY2017Q4 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
3426000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
7270000 USD
CY2016Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1114000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2036000 USD
CY2017Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
364000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
934000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1985000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1614000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
245506000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
200363000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
245065000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
278547000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
244941000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
90037000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
65331000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
11534000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-599000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
14991000 USD
CY2017Q1 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
20150000 USD
CY2017Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
17010000 USD
CY2017Q1 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
1578561000 USD
CY2017Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
1520487000 USD
CY2017Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1163956000 USD
CY2017Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1064955000 USD
CY2016Q4 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
1429000 USD
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
6233000 USD
CY2017Q4 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
66000 USD
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
66000 USD
CY2016Q4 us-gaap Interest Expense
InterestExpense
41436000 USD
us-gaap Interest Expense
InterestExpense
105316000 USD
CY2017Q4 us-gaap Interest Expense
InterestExpense
51790000 USD
us-gaap Interest Expense
InterestExpense
151249000 USD
us-gaap Interest Paid Net
InterestPaidNet
89102000 USD
us-gaap Interest Paid Net
InterestPaidNet
153788000 USD
CY2017Q1 us-gaap Interest Payable Current
InterestPayableCurrent
44418000 USD
CY2017Q4 us-gaap Interest Payable Current
InterestPayableCurrent
33389000 USD
CY2017Q1 us-gaap Inventory Net
InventoryNet
561432000 USD
CY2017Q4 us-gaap Inventory Net
InventoryNet
645100000 USD
us-gaap Investment Banking Advisory Brokerage And Underwriting Fees And Commissions
InvestmentBankingAdvisoryBrokerageAndUnderwritingFeesAndCommissions
6600000 USD
CY2017Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
6320379000 USD
CY2017Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
6316386000 USD
CY2017Q1 us-gaap Liabilities Current
LiabilitiesCurrent
938598000 USD
CY2017Q4 us-gaap Liabilities Current
LiabilitiesCurrent
1164678000 USD
CY2017Q1 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
0 USD
CY2017Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
16574000 USD
CY2017 us-gaap Limited Liability Company Llc Or Limited Partnership Lp Managing Member Or General Partner Ownership Interest
LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest
0.001
us-gaap Limited Liability Company Llc Or Limited Partnership Lp Managing Member Or General Partner Ownership Interest
LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest
0.001
CY2017 us-gaap Limited Liability Company Llc Or Limited Partnership Lp Members Or Limited Partners Ownership Interest
LimitedLiabilityCompanyLLCOrLimitedPartnershipLPMembersOrLimitedPartnersOwnershipInterest
0.999
us-gaap Limited Liability Company Llc Or Limited Partnership Lp Members Or Limited Partners Ownership Interest
LimitedLiabilityCompanyLLCOrLimitedPartnershipLPMembersOrLimitedPartnersOwnershipInterest
0.999
CY2017Q1 us-gaap Limited Partners Capital Account
LimitedPartnersCapitalAccount
2192413000 USD
CY2017Q4 us-gaap Limited Partners Capital Account
LimitedPartnersCapitalAccount
1823740000 USD
CY2017Q1 us-gaap Limited Partners Capital Account Units Issued
LimitedPartnersCapitalAccountUnitsIssued
120179407 shares
CY2017Q4 us-gaap Limited Partners Capital Account Units Issued
LimitedPartnersCapitalAccountUnitsIssued
121083664 shares
CY2017Q1 us-gaap Limited Partners Capital Account Units Outstanding
LimitedPartnersCapitalAccountUnitsOutstanding
120179407 shares
CY2017Q4 us-gaap Limited Partners Capital Account Units Outstanding
LimitedPartnersCapitalAccountUnitsOutstanding
121083664 shares
us-gaap Line Of Credit Facility Dividend Restrictions
LineOfCreditFacilityDividendRestrictions
The amendment, among other things, restricts us from increasing our distribution rate over the amount paid in the preceding quarter if our leverage ratio is greater than 4.25 to 1.
CY2017Q4 us-gaap Long Term Debt
LongTermDebt
2948109000 USD
CY2017Q1 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
2963483000 USD
CY2017Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
2921966000 USD
CY2017Q1 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
29590000 USD
CY2017Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
3260000 USD
CY2017Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
1069163000 USD
CY2017Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
1506834000 USD
CY2017Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
5470000 USD
CY2017Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
363099000 USD
CY2017Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
2939000 USD
CY2017Q4 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
604000 USD
us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
-1201000 USD
us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
-1200000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
3082000 USD
us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
22883000 USD
us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
751000 USD
us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
16205000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
447393000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-92908000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-331070000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
105052000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-115572000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
4061000 USD
CY2016Q4 us-gaap Net Income Loss
NetIncomeLoss
976000 USD
us-gaap Net Income Loss
NetIncomeLoss
111297000 USD
CY2017Q4 us-gaap Net Income Loss
NetIncomeLoss
56256000 USD
us-gaap Net Income Loss
NetIncomeLoss
-180477000 USD
CY2016Q4 us-gaap Net Income Loss Allocated To General Partners
NetIncomeLossAllocatedToGeneralPartners
22000 USD
us-gaap Net Income Loss Allocated To General Partners
NetIncomeLossAllocatedToGeneralPartners
180000 USD
CY2017Q4 us-gaap Net Income Loss Allocated To General Partners
NetIncomeLossAllocatedToGeneralPartners
73000 USD
us-gaap Net Income Loss Allocated To General Partners
NetIncomeLossAllocatedToGeneralPartners
-121000 USD
CY2016Q4 us-gaap Net Income Loss Allocated To Limited Partners
NetIncomeLossAllocatedToLimitedPartners
-7952000 USD
us-gaap Net Income Loss Allocated To Limited Partners
NetIncomeLossAllocatedToLimitedPartners
90159000 USD
CY2017Q4 us-gaap Net Income Loss Allocated To Limited Partners
NetIncomeLossAllocatedToLimitedPartners
39964000 USD
us-gaap Net Income Loss Allocated To Limited Partners
NetIncomeLossAllocatedToLimitedPartners
-222706000 USD
CY2016Q4 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
317000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
6091000 USD
CY2017Q4 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
89000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
221000 USD
CY2016Q4 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
0 USD
us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
0 USD
CY2017Q4 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
424000 USD
us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
-261000 USD
us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
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-180256000 USD
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CY2017Q4 us-gaap Noncurrent Assets
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40684000 USD
CY2017Q4 us-gaap Notes And Loans Receivable Gross Noncurrent
NotesAndLoansReceivableGrossNoncurrent
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us-gaap Oil And Gas Revenue
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CY2017Q4 us-gaap Oil And Gas Revenue
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585007000 USD
us-gaap Oil And Gas Revenue
OilAndGasRevenue
1526944000 USD
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us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
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us-gaap Operating Costs And Expenses
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us-gaap Operating Income Loss
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us-gaap Operating Income Loss
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CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
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239604000 USD
CY2017Q4 us-gaap Other Assets Noncurrent
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242765000 USD
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us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2017Q4 us-gaap Other Liabilities Current
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CY2017Q1 us-gaap Other Liabilities Noncurrent
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CY2017Q4 us-gaap Other Liabilities Noncurrent
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us-gaap Other Noncash Income Expense
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-854000 USD
CY2016Q4 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
25860000 USD
CY2017Q4 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
6113000 USD
CY2016Q4 us-gaap Other Sales Revenue Net
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164000 USD
us-gaap Other Sales Revenue Net
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679000 USD
CY2017Q4 us-gaap Other Sales Revenue Net
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289000 USD
us-gaap Other Sales Revenue Net
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us-gaap Other Utility Costs
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300000 USD
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117000 USD
us-gaap Other Utility Costs
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311000 USD
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202731000 USD
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28634000 USD
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us-gaap Partners Capital Account Units Treasury
PartnersCapitalAccountUnitsTreasury
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CY2017Q1 us-gaap Partners Capital Attributable To Noncontrolling Interest
PartnersCapitalAttributableToNoncontrollingInterest
26746000 USD
CY2017Q4 us-gaap Partners Capital Attributable To Noncontrolling Interest
PartnersCapitalAttributableToNoncontrollingInterest
7270000 USD
CY2017Q1 us-gaap Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
2166802000 USD
CY2017Q4 us-gaap Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
1981394000 USD
us-gaap Payments For Advance To Affiliate
PaymentsForAdvanceToAffiliate
2700000 USD
us-gaap Payments For Advance To Affiliate
PaymentsForAdvanceToAffiliate
1460000 USD
us-gaap Payments For Proceeds From Derivative Instrument Investing Activities
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82815000 USD
us-gaap Payments For Proceeds From Derivative Instrument Investing Activities
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85823000 USD
us-gaap Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
0 USD
us-gaap Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
15608000 USD
CY2017Q2 us-gaap Payments For Repurchase Of Warrants
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10500000 USD
us-gaap Payments For Repurchase Of Warrants
PaymentsForRepurchaseOfWarrants
0 USD
us-gaap Payments For Repurchase Of Warrants
PaymentsForRepurchaseOfWarrants
10549000 USD
us-gaap Payments Of Capital Distribution
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132135000 USD
us-gaap Payments Of Capital Distribution
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166589000 USD
us-gaap Payments Of Debt Issuance Costs
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12608000 USD
us-gaap Payments Of Debt Issuance Costs
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2497000 USD
us-gaap Payments Of Dividends Minority Interest
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3292000 USD
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
3082000 USD
us-gaap Payments To Acquire Businesses Gross
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6400000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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127513000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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49481000 USD
us-gaap Payments To Acquire Equity Method Investments
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us-gaap Payments To Acquire Equity Method Investments
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21461000 USD
us-gaap Payments To Acquire Productive Assets
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264580000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
99384000 USD
us-gaap Preferred Stock Dividend Payment Terms
PreferredStockDividendPaymentTerms
Distributions on the Class B Preferred Units are payable on the 15th day of each January, April, July and October of each year to holders of record on the first day of each payment month. The initial distribution rate for the Class B Preferred Units from and including the date of original issue to, but not including, July 1, 2022 is 9.00% per year of the $25.00 liquidation preference per unit (equal to $2.25 per unit per year). On and after July 1, 2022, distributions on the Class B Preferred Units will accumulate at a percentage of the $25.00 liquidation preference equal to the applicable three-month LIBOR plus a spread of 7.213%.
CY2016Q4 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
8906000 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
20958000 USD
CY2017Q4 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
16219000 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
42001000 USD
us-gaap Preferred Stock Redemption Terms
PreferredStockRedemptionTerms
At any time on or after July 1, 2022, we may redeem our Class B Preferred Units, in whole or in part, at a redemption price of $25.00 per Class B Preferred Unit plus an amount equal to all accumulated and unpaid distributions to, but not including, the date of redemption, whether or not declared. We may also redeem the Class B Preferred Units upon a change of control as defined in our partnership agreement. If we choose not to redeem the Class B Preferred Units, the Class B preferred unitholders may have the ability to convert the Class B Preferred Units to common units at the then applicable conversion rate. Class B preferred unitholders have no voting rights except with respect to certain matters set forth in our partnership agreement.
CY2017Q1 us-gaap Preferred Units Contributed Capital
PreferredUnitsContributedCapital
0 USD
CY2017Q4 us-gaap Preferred Units Contributed Capital
PreferredUnitsContributedCapital
202731000 USD
CY2017Q4 us-gaap Preferred Units Offering Costs
PreferredUnitsOfferingCosts
700000 USD
CY2017Q1 us-gaap Prepaid Expense And Other Assets Current
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97395000 USD
CY2017Q1 us-gaap Price Risk Derivatives At Fair Value Net
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-7593000 USD
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us-gaap Proceeds From Collection Of Advance To Affiliate
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655000 USD
us-gaap Proceeds From Collection Of Advance To Affiliate
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4160000 USD
us-gaap Proceeds From Collection Of Loans Receivable
ProceedsFromCollectionOfLoansReceivable
6585000 USD
us-gaap Proceeds From Collection Of Loans Receivable
ProceedsFromCollectionOfLoansReceivable
7425000 USD
us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
22000000 USD
us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
0 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
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7608000 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
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11710000 USD
us-gaap Proceeds From Issuance Of Common Limited Partners Units
ProceedsFromIssuanceOfCommonLimitedPartnersUnits
43896000 USD
us-gaap Proceeds From Issuance Of Common Limited Partners Units
ProceedsFromIssuanceOfCommonLimitedPartnersUnits
0 USD
us-gaap Proceeds From Issuance Of Preferred Limited Partners Units
ProceedsFromIssuanceOfPreferredLimitedPartnersUnits
234989000 USD
us-gaap Proceeds From Issuance Of Preferred Limited Partners Units
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202731000 USD
us-gaap Proceeds From Issuance Of Senior Long Term Debt
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700000000 USD
us-gaap Proceeds From Issuance Of Senior Long Term Debt
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0 USD
us-gaap Proceeds From Long Term Lines Of Credit
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1176000000 USD
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
1674500000 USD
us-gaap Proceeds From Minority Shareholders
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639000 USD
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
23000 USD
us-gaap Proceeds From Partnership Contribution
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59000 USD
us-gaap Proceeds From Partnership Contribution
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0 USD
us-gaap Proceeds From Sale Of Equity Method Investments
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0 USD
us-gaap Proceeds From Sale Of Equity Method Investments
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292117000 USD
us-gaap Proceeds From Sale Of Interest In Partnership Unit
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112370000 USD
us-gaap Proceeds From Sale Of Interest In Partnership Unit
ProceedsFromSaleOfInterestInPartnershipUnit
0 USD
us-gaap Proceeds From Sale Of Productive Assets
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14195000 USD
us-gaap Proceeds From Sale Of Productive Assets
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33673000 USD
CY2016Q4 us-gaap Profit Loss
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us-gaap Profit Loss
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117388000 USD
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us-gaap Profit Loss
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us-gaap Propane Costs
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CY2017Q4 us-gaap Propane Costs
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us-gaap Propane Costs
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148443000 USD
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PropaneRevenue
128654000 USD
us-gaap Propane Revenue
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240131000 USD
CY2017Q4 us-gaap Propane Revenue
PropaneRevenue
160025000 USD
us-gaap Propane Revenue
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291797000 USD
CY2017Q4 us-gaap Property Plant And Equipment Disposals
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us-gaap Property Plant And Equipment Disposals
PropertyPlantAndEquipmentDisposals
10600000 USD
CY2017Q1 us-gaap Property Plant And Equipment Gross
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2165867000 USD
CY2017Q4 us-gaap Property Plant And Equipment Gross
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2128857000 USD
CY2017Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1790273000 USD
CY2017Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1708683000 USD
us-gaap Provision For Doubtful Accounts
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471000 USD
us-gaap Provision For Doubtful Accounts
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1910000 USD
CY2017Q1 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
3072000 USD
CY2017Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
4011000 USD
us-gaap Repayments Of Long Term Lines Of Credit
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us-gaap Repayments Of Long Term Lines Of Credit
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1349500000 USD
us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
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us-gaap Repayments Of Other Long Term Debt
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4361000 USD
CY2016Q4 us-gaap Sales Revenue Net
SalesRevenueNet
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us-gaap Sales Revenue Net
SalesRevenueNet
9174149000 USD
CY2017Q4 us-gaap Sales Revenue Net
SalesRevenueNet
4463263000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
12168158000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
39859000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
27114000 USD
us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
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6000 USD
CY2017Q3 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
15000000 USD
CY2017Q1 us-gaap Taxes Payable Current
TaxesPayableCurrent
64051000 USD
CY2017Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
48803000 USD
CY2017Q1 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
63890000 USD
CY2017Q4 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
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76056000 USD
CY2017Q1 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
33458000 USD
CY2017Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
22883000 USD
CY2016Q4 us-gaap Water Production Costs
WaterProductionCosts
477000 USD
us-gaap Water Production Costs
WaterProductionCosts
3871000 USD
CY2017Q4 us-gaap Water Production Costs
WaterProductionCosts
10192000 USD
us-gaap Water Production Costs
WaterProductionCosts
13019000 USD
CY2016Q4 us-gaap Weighted Average Limited Partnership And General Partnership Units Outstanding Basic
WeightedAverageLimitedPartnershipAndGeneralPartnershipUnitsOutstandingBasic
107966901 shares
us-gaap Weighted Average Limited Partnership And General Partnership Units Outstanding Basic
WeightedAverageLimitedPartnershipAndGeneralPartnershipUnitsOutstandingBasic
106114668 shares
CY2017Q4 us-gaap Weighted Average Limited Partnership And General Partnership Units Outstanding Basic
WeightedAverageLimitedPartnershipAndGeneralPartnershipUnitsOutstandingBasic
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us-gaap Weighted Average Limited Partnership And General Partnership Units Outstanding Basic
WeightedAverageLimitedPartnershipAndGeneralPartnershipUnitsOutstandingBasic
120899502 shares
CY2016Q4 us-gaap Weighted Average Limited Partnership Units Outstanding Diluted
WeightedAverageLimitedPartnershipUnitsOutstandingDiluted
107966901 shares
us-gaap Weighted Average Limited Partnership Units Outstanding Diluted
WeightedAverageLimitedPartnershipUnitsOutstandingDiluted
109554928 shares
CY2017Q4 us-gaap Weighted Average Limited Partnership Units Outstanding Diluted
WeightedAverageLimitedPartnershipUnitsOutstandingDiluted
124161966 shares
us-gaap Weighted Average Limited Partnership Units Outstanding Diluted
WeightedAverageLimitedPartnershipUnitsOutstandingDiluted
120899502 shares
us-gaap Nature Of Operations
NatureOfOperations
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Organization and Operations</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">NGL Energy Partners LP (&#8220;we,&#8221; &#8220;us,&#8221; &#8220;our,&#8221; or the &#8220;Partnership&#8221;) is </font><font style="font-family:inherit;font-size:10pt;">a Delaware limited partnership</font><font style="font-family:inherit;font-size:10pt;">. </font><font style="font-family:inherit;font-size:10pt;">NGL Energy Holdings LLC serves as our general partner.</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">At</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">our operations include:</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:8px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Our Crude Oil Logistics segment purchases crude oil from producers and transports it to refineries or for resale at pipeline injection stations, storage terminals, barge loading facilities, rail facilities, refineries, and other trade hubs, and provides terminaling, trucking, marine and pipeline transportation services through its owned assets.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:8px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Our Water Solutions segment provides services for the treatment and disposal of wastewater generated from crude oil and natural gas production and for the disposal of solids such as tank bottoms and drilling fluids and performs truck and frac tank washouts. In addition, our Water Solutions segment sells the recovered hydrocarbons that result from performing these services.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:8px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Our Liquids segment supplies natural gas liquids to retailers, wholesalers, refiners, and petrochemical plants throughout the United States and in Canada using its leased underground storage and fleet of leased railcars, markets regionally through its</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">21</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">owned terminals throughout the United States, and provides terminaling and storage services at its salt dome storage facility in Utah.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:8px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Our Retail Propane segment sells propane, distillates, equipment and supplies to end users consisting of residential, agricultural, commercial, and industrial customers and to certain resellers in</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">30</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">states and the District of Columbia.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Our Refined Products and Renewables segment conducts gasoline, diesel, ethanol, and biodiesel marketing operations, purchases refined petroleum and renewable products primarily in the Gulf Coast, Southeast and Midwest regions of the United States and schedules them for delivery at various locations throughout the country.</font></div></td></tr></table></div>
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Reclassifications</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We have reclassified certain prior period financial statement information to be consistent with the classification methods used in the current fiscal year. These reclassifications did not impact previously reported amounts of equity, net income, or cash flows.</font></div></div>
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Use of Estimates</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of consolidated financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the amount of assets and liabilities reported at the date of the consolidated financial statements and the amount of revenues and expenses reported during the periods presented.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Critical estimates we make in the preparation of our unaudited condensed consolidated financial statements include, among others, determining the fair value of assets and liabilities acquired in business combinations, the collectibility of accounts receivable, the recoverability of inventories, useful lives and recoverability of property, plant and equipment and amortizable intangible assets, the impairment of long-lived assets and goodwill, the fair value of asset retirement obligations, the value of equity-based compensation, and accruals for environmental matters. Although we believe these estimates are reasonable, actual results could differ from those estimates.</font></div></div>

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