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EX-23.2 - EXHIBIT 23.2 - GENESIS ENERGY LPex23_2.htm
EX-99.1 - EXHIBIT 99.1 - GENESIS ENERGY LPex99_1.htm
8-K - GENESIS ENERGY LP 8-K 9-26-2011 - GENESIS ENERGY LPform8k.htm
EX-99.3 - EXHIBIT 99.3 - GENESIS ENERGY LPex99_3.htm
EX-99.4 - EXHIBIT 99.4 - GENESIS ENERGY LPex99_4.htm
EX-23.1 - EXHIBIT 23.1 - GENESIS ENERGY LPex23_1.htm

EXHIBIT 99.2
 
Item 6.  Selected Financial Data

The table below includes selected financial and other data for the Partnership for the years ended December 31, 2010, 2009, 2008, 2007, and 2006 (in thousands, except per unit and volume data).

   
Year Ended December 31,
 
   
2010 (1)
   
2009
   
2008 (1)
   
2007 (1)
   
2006
 
Income Statement Data:
                             
Revenues:
                             
Supply and logistics (2)
  $ 1,894,612     $ 1,243,044     $ 1,870,063     $ 1,110,347     $ 888,422  
Refinery services
    151,060       141,365       225,374       62,095       -  
Pipeline transportation
    55,652       50,951       46,247       27,211       29,947  
Total revenues
  $ 2,101,324     $ 1,435,360     $ 2,141,684     $ 1,199,653     $ 918,369  
                                         
                                         
Net (loss) income (3)
  $ (50,541 )   $ 6,178     $ 25,825     $ (13,551 )   $ 8,382  
                                         
Net (loss) income attributable to
                                       
Genesis Energy, L.P. (3)
  $ (48,459 )   $ 8,063     $ 26,089     $ (13,550 )   $ 8,381  
                                         
Net income (loss) available to Common
                                       
Unitholders
  $ 19,929     $ 20,186     $ 23,006     $ (13,608 )   $ 8,214  
                                         
Net income (loss) attributable to
                                       
Genesis Energy, L.P. per Common Unit:
                                       
Basic and Diluted
  $ 0.49     $ 0.51     $ 0.59     $ (0.66 )   $ 0.59  
                                         
Cash distributions declared per Common Unit
  $ 1.4900     $ 1.3650     $ 1.2225     $ 0.9300     $ 0.7400  
                                         
                                         
Balance Sheet Data (at end of period):
                                       
Current assets
  $ 252,538     $ 189,244     $ 168,127     $ 214,240     $ 99,992  
Total assets
    1,506,735       1,148,127       1,178,674       908,523       191,087  
Long-term liabilities
    630,757       387,766       394,940       101,351       8,991  
Partners' capital:
                                       
Genesis Energy, L.P.
    669,264       595,877       632,658       631,804       85,662  
Noncontrolling interests
    -       23,056       24,804       570       522  
Total partners' capital
    669,264       618,933       657,462       632,374       86,184  
                                         
Other Data:
                                       
Maintenance capital expenditures (4)
    2,856       4,426       4,454       3,840       967  
Volumes - continuing operations:
                                       
Onshore crude oil pipeline (barrels per day)
    67,931       60,262       64,111       59,335       61,585  
CO2 pipeline (Mcf per day) (5)
    167,619       154,271       160,220       -       -  
NaHS sales (DST) (6)
    145,213       107,311       162,210       69,853       -  
NaOH sales (DST) (6)
    93,283       88,959       68,647       20,946       -  


(1)
Our operating results and financial position have been affected by acquisitions in 2010, 2008 and 2007, most notably the 50% equity interest acquisition in Cameron Highway in November 2010, the acquisition of the remaining 50% ownership interest in DG Marine in July 2010, the Grifco acquisition in July 2008 and the Davison acquisition, which was completed in July 2007. The results of these operations are included in our financial results prospectively from the acquisition date. For additional information regarding these acquisitions, see Note 3 of the Notes to the Consolidated Financial Statements included under Item 8 of this annual report.
(2)
Includes net presentation of buy/sell arrangements for all periods after the first quarter of 2006.
(3)
Includes executive compensation expense related to Series B and Class B awards borne entirely by our general partner in the amounts of $76.9 million for 2010, $14.1 million for 2009 and $3.4 million for 2007.  See Note 15.
(4)
Maintenance capital expenditures are capital expenditures to replace or enhance partially or fully depreciated assets to sustain the existing operating capacity or efficiency of our assets and extend their useful lives.
(5)
Volume per day for the period we owned the Free State CO2 pipeline in 2008.
(6)
Volumes relate to operations acquired in July 2007.