10-K Filing
Filing Information
| Form Type | 10-K |
| Accession Number | 0001047469-13-003574 |
| Period End Date | 20121231 |
| Filing Date | 20130328 |
| Fiscal Year | 2012 |
| Fiscal Period | FY |
| XBRL Instance | lgp-20121231.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
32 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Accounts receivable, allowance for doubtful accounts |
AllowanceForDoubtfulAccountsReceivableCurrent
|
- | USD | Point-in-time |
| Long-term portion of debt, discount |
DebtInstrumentUnamortizedDiscount
|
- | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$4.77M | USD | Point-in-time |
| Accounts receivable, less allowance for doubtful accounts of $0 and $37 at December 31, 2012 and 2011, respectively |
AccountsReceivableNetCurrent
|
$3.70M | USD | Point-in-time |
| Accounts receivable from affiliates |
AccountsReceivableRelatedPartiesCurrent
|
$8.11M | USD | Point-in-time |
| Environmental indemnification asset-current portion |
RecordedEnvironmentalRecoveriesAmountCurrent
|
$591.00K | USD | Point-in-time |
| Notes receivable |
NotesAndLoansReceivableNetCurrent
|
$64.00K | USD | Point-in-time |
| Assets held for sale |
AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
|
$1.61M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$2.08M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$20.93M | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$243.02M | USD | Point-in-time |
| Intangibles assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$35.60M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$5.64M | USD | Point-in-time |
| Environmental indemnification asset-noncurrent portion |
RecordedEnvironmentalRecoveriesAmountNoncurrent
|
$586.00K | USD | Point-in-time |
| Deferred financing fees, net and other assets |
DeferredFinanceCostsNoncurrentAndOtherAssets
|
$10.03M | USD | Point-in-time |
| Total assets |
Assets
|
$315.81M | USD | Point-in-time |
| Current portion of financing obligations |
CapitalLeaseObligationsCurrent
|
$2.19M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$14.24M | USD | Point-in-time |
| Fuel taxes payable |
TaxesPayableCurrent
|
$9.46M | USD | Point-in-time |
| Income taxes payable |
AccruedIncomeTaxesCurrent
|
$342.00K | USD | Point-in-time |
| Environmental reserve-current portion |
AccruedEnvironmentalLossContingenciesCurrent
|
$591.00K | USD | Point-in-time |
| Accrued expenses and other current liabilities |
AccruedLiabilitiesCurrent
|
$3.30M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$30.11M | USD | Point-in-time |
| Long-term portion of debt, net of discount of $0 and $2,547 at December 31, 2012 and 2011, respectively |
LongTermDebtNoncurrent
|
$183.75M | USD | Point-in-time |
| Long-term portion of financing obligations |
CapitalLeaseObligationsNoncurrent
|
$73.79M | USD | Point-in-time |
| Environmental reserve-noncurrent portion |
AccruedEnvironmentalLossContingenciesNoncurrent
|
$586.00K | USD | Point-in-time |
| Other long-term liabilities |
OtherLiabilitiesNoncurrent
|
$13.02M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$301.26M | USD | Point-in-time |
| Commitments and contingencies (Note 19) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Total partners' capital and owners' deficit |
PartnersCapital
|
$1.00K | USD | Point-in-time |
| Total partners' capital and owners' deficit |
PartnersCapital
|
$14.54M | USD | Point-in-time |
| Total liabilities and partners' capital and owners' deficit |
LiabilitiesAndStockholdersEquity
|
$315.81M | USD | Point-in-time |
Income Statement
23 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Revenues from fuel sales |
FuelSalesRevenue
|
$161.32M | USD | 1 Quarter |
| Revenues from fuel sales to affiliates |
FuelSalesRevenueFromRelatedParties
|
$145.17M | USD | 1 Quarter |
| Rental income |
OperatingLeasesIncomeStatementLeaseRevenue
|
$1.95M | USD | 1 Quarter |
| Rental income from affiliates |
RentalIncomeFromRelatedParties
|
$3.23M | USD | 1 Quarter |
| Total revenues |
SalesRevenueNet
|
$311.67M | USD | 1 Quarter |
| Cost of revenues from fuel sales |
FuelCosts
|
$156.81M | USD | 1 Quarter |
| Cost of revenues from fuel sales to affiliates |
FuelCostsFromRelatedParty
|
$139.74M | USD | 1 Quarter |
| Rent expense |
OperatingLeasesRentExpenseNet
|
$180.00K | USD | Annual |
| Rent expense |
OperatingLeasesRentExpenseNet
|
$2.04M | USD | 1 Quarter |
| Operating expenses |
OperatingCostsAndExpenses
|
$541.00K | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$2.55M | USD | 1 Quarter |
| Selling, general and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$9.68M | USD | 1 Quarter |
| (Gain) loss on sale of assets |
GainLossOnSaleOfPropertyPlantEquipment
|
$471.00K | USD | 1 Quarter |
| Total costs and operating expenses |
CostsAndExpenses
|
$310.89M | USD | 1 Quarter |
| Operating income (loss) |
OperatingIncomeLoss
|
$772.00K | USD | 1 Quarter |
| Interest expense, net |
InterestExpense
|
$1.93M | USD | 1 Quarter |
| Other income, net |
OtherNonoperatingIncome
|
$140.00K | USD | 1 Quarter |
| (Loss) income from continuing operations before income taxes |
IncomeLossFromContinuingOperations
|
$-1.01M | USD | 1 Quarter |
| Income tax expense from continuing operations |
IncomeTaxExpenseBenefit
|
$342.00K | USD | 1 Quarter |
| Net (loss) income |
NetIncomeLoss
|
$-1.36M | USD | Annual |
| Net (loss) income |
NetIncomeLoss
|
$-1.36M | USD | 1 Quarter |
| Common units (in units) |
WeightedAverageNumberOfLimitedPartnershipAndGeneralPartnershipUnitOutstandingBasicAndDiluted
|
7.53M | shares | 1 Quarter |
| Subordinated units (in units) |
WeightedAverageLimitedPartnershipSubordinateUnitsOutstandingBasicAndDiluted
|
7.53M | shares | 1 Quarter |
Cash Flow Statement
36 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net (loss) income |
NetIncomeLoss
|
$-1.36M | USD | Annual |
| Net (loss) income |
NetIncomeLoss
|
$-1.36M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$2.55M | USD | 1 Quarter |
| Accretion of interest |
AccretionExpense
|
$4.00K | USD | 1 Quarter |
| Amortization of deferred financing fees |
AmortizationOfFinancingCosts
|
$409.00K | USD | 1 Quarter |
| Amortization of below market leases |
AmortizationOfAboveAndBelowMarketLeases
|
$-29.00K | USD | 1 Quarter |
| (Gain) loss on disposal of assets |
GainsLossesOnSalesOfAssets
|
$471.00K | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$-12.85M | USD | 1 Quarter |
| Accounts receivable from affiliates |
IncreaseDecreaseInAccountsReceivableRelatedParties
|
$6.72M | USD | 1 Quarter |
| Other current assets |
IncreaseDecreaseInOtherCurrentAssets
|
$503.00K | USD | 1 Quarter |
| Other assets |
IncreaseDecreaseInOtherNoncurrentAssets
|
$542.00K | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$-3.21M | USD | 1 Quarter |
| Fuel taxes payable |
IncreaseDecreaseInAccruedTaxesPayable
|
$-519.00K | USD | 1 Quarter |
| Accrued expenses and other current liabilities |
IncreaseDecreaseInAccruedLiabilities
|
$-671.00K | USD | 1 Quarter |
| Income taxes payable |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$342.00K | USD | 1 Quarter |
| Other long-term liabilities |
IncreaseDecreaseInOtherNoncurrentLiabilities
|
$1.11M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$3.25M | USD | 1 Quarter |
| Proceeds from sale of property and equipment |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$3.70M | USD | 1 Quarter |
| Principal payments on notes receivable |
ProceedsFromCollectionOfNotesReceivable
|
$10.00K | USD | 1 Quarter |
| Purchase of property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$260.00K | USD | 1 Quarter |
| Cash paid in connection with acquisitions, net of cash acquired |
PaymentsToAcquireBusinessesNetOfCashAcquired
|
$75.52M | USD | 1 Quarter |
| Net cash (used in) provided by investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-72.07M | USD | 1 Quarter |
| Borrowings under credit facility |
ProceedsFromLongTermLinesOfCredit
|
$183.75M | USD | 1 Quarter |
| Repayment of long term debt |
RepaymentsOfLongTermDebt
|
$182.91M | USD | 1 Quarter |
| Redemption of mandatorily redeemable preferred equity |
PaymentsForRepurchaseOfRedeemablePreferredStock
|
$12.00M | USD | 1 Quarter |
| Proceeds from issuance of common units, net |
ProceedsFromIssuanceOfCommonStock
|
$125.72M | USD | 1 Quarter |
| Repayment of financing obligations |
RepaymentsOfLongTermCapitalLeaseObligations
|
$151.00K | USD | 1 Quarter |
| Payment of deferred financing fees |
PaymentsOfFinancingCosts
|
$4.08M | USD | 1 Quarter |
| Distributions to partners |
PaymentsOfDividends
|
$36.74M | USD | 1 Quarter |
| Net cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$73.59M | USD | 1 Quarter |
| Net increase (decrease) in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$4.77M | USD | 1 Quarter |
| Beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$4.77M | USD | Point-in-time |
| End of period |
CashAndCashEquivalentsAtCarryingValue
|
$4.77M | USD | Point-in-time |
| Interest paid |
InterestPaidNet
|
$2.35M | USD | 1 Quarter |
| Total assets |
NoncashTransferOfAssetsFromCapitalLeaseObligationAndAssetRetirementObligation
|
$4.82M | USD | 1 Quarter |
| Total liabilities |
NoncashTransferOfLiabilitiesFromCapitalLeaseObligationAndAssetRetirementObligation
|
$4.82M | USD | 1 Quarter |
Stockholders Equity
8 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Balance |
PartnersCapital
|
$1.00K | USD | Point-in-time |
| Balance |
PartnersCapital
|
$14.54M | USD | Point-in-time |
| Net income (loss) and comprehensive income (loss) |
NetIncomeLoss
|
$-1.36M | USD | Annual |
| Net income (loss) and comprehensive income (loss) |
NetIncomeLoss
|
$-1.36M | USD | 1 Quarter |
| Contributions from owners |
PartnersCapitalAccountContributions
|
$-73.08M | USD | 1 Quarter |
| Distributions to owners |
PartnersCapitalAccountDistributions
|
$36.74M | USD | 1 Quarter |
| Balance |
PartnersCapital
|
$1.00K | USD | Point-in-time |
| Balance |
PartnersCapital
|
$14.54M | USD | Point-in-time |
Comprehensive Income
9 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Balance |
PartnersCapital
|
$1.00K | USD | Point-in-time |
| Balance |
PartnersCapital
|
$14.54M | USD | Point-in-time |
| Contribution of certain assets, liabilities, and equity interests from Predecessor |
PartnersCapitalAccountContributions
|
$-73.08M | USD | 1 Quarter |
| Offering proceeds of initial public offering and overallotment exercise, net of underwriters discount, structuring fee and related costs |
PartnersCapitalAccountSaleOfUnits
|
$125.72M | USD | 1 Quarter |
| Net income (loss) and comprehensive income (loss) |
NetIncomeLoss
|
$-1.36M | USD | Annual |
| Net income (loss) and comprehensive income (loss) |
NetIncomeLoss
|
$-1.36M | USD | 1 Quarter |
| Distributions to unitholders |
PartnersCapitalAccountDistributions
|
$36.74M | USD | 1 Quarter |
| Balance |
PartnersCapital
|
$1.00K | USD | Point-in-time |
| Balance |
PartnersCapital
|
$14.54M | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.