10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001104659-13-041470 |
| Period End Date | 20130331 |
| Filing Date | 20130514 |
| Fiscal Year | 2013 |
| Fiscal Period | Q1 |
| XBRL Instance | lgp-20130331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
58 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Accounts receivable, allowance for doubtful accounts |
AllowanceForDoubtfulAccountsReceivableCurrent
|
- | USD | Point-in-time |
| Accounts receivable, allowance for doubtful accounts |
AllowanceForDoubtfulAccountsReceivableCurrent
|
$60.00K | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$8.00K | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$4.77M | USD | Point-in-time |
| Accounts receivable, net less allowance for doubtful accounts of $60 and $0 at March 31, 2013 and December 31, 2012, respectively |
AccountsReceivableNetCurrent
|
$2.54M | USD | Point-in-time |
| Accounts receivable, net less allowance for doubtful accounts of $60 and $0 at March 31, 2013 and December 31, 2012, respectively |
AccountsReceivableNetCurrent
|
$3.70M | USD | Point-in-time |
| Accounts receivable from affiliates |
AccountsReceivableRelatedPartiesCurrent
|
$8.11M | USD | Point-in-time |
| Accounts receivable from affiliates |
AccountsReceivableRelatedPartiesCurrent
|
$21.35M | USD | Point-in-time |
| Environmental indemnification asset-current portion |
RecordedEnvironmentalRecoveriesAmountCurrent
|
$591.00K | USD | Point-in-time |
| Environmental indemnification asset-current portion |
RecordedEnvironmentalRecoveriesAmountCurrent
|
$636.00K | USD | Point-in-time |
| Assets held for sale |
AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
|
$2.17M | USD | Point-in-time |
| Assets held for sale |
AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
|
$1.61M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$2.21M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$2.15M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$28.91M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$20.93M | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$238.95M | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$243.02M | USD | Point-in-time |
| Intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$35.60M | USD | Point-in-time |
| Intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$34.35M | USD | Point-in-time |
| Environmental indemnification asset-noncurrent portion |
RecordedEnvironmentalRecoveriesAmountNoncurrent
|
$586.00K | USD | Point-in-time |
| Environmental indemnification asset-noncurrent portion |
RecordedEnvironmentalRecoveriesAmountNoncurrent
|
$541.00K | USD | Point-in-time |
| Deferred financing fees, net and other assets |
DeferredFinanceCostsNoncurrentAndOtherAssets
|
$10.03M | USD | Point-in-time |
| Deferred financing fees, net and other assets |
DeferredFinanceCostsNoncurrentAndOtherAssets
|
$11.14M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$5.64M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$5.64M | USD | Point-in-time |
| Total assets |
Assets
|
$319.53M | USD | Point-in-time |
| Total assets |
Assets
|
$315.81M | USD | Point-in-time |
| Lease financing obligations - current portion |
CapitalLeaseObligationsCurrent
|
$2.46M | USD | Point-in-time |
| Lease financing obligations - current portion |
CapitalLeaseObligationsCurrent
|
$2.19M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$14.24M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$16.47M | USD | Point-in-time |
| Motor fuel taxes payable |
TaxesPayableCurrent
|
$9.46M | USD | Point-in-time |
| Motor fuel taxes payable |
TaxesPayableCurrent
|
$9.51M | USD | Point-in-time |
| Income taxes payable |
AccruedIncomeTaxesCurrent
|
$342.00K | USD | Point-in-time |
| Income taxes payable |
AccruedIncomeTaxesCurrent
|
$438.00K | USD | Point-in-time |
| Environmental reserve-current portion |
AccruedEnvironmentalLossContingenciesCurrent
|
$636.00K | USD | Point-in-time |
| Environmental reserve-current portion |
AccruedEnvironmentalLossContingenciesCurrent
|
$591.00K | USD | Point-in-time |
| Accrued expenses and other current liabilities |
AccruedLiabilitiesCurrent
|
$4.67M | 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 |
| Total current liabilities |
LiabilitiesCurrent
|
$34.19M | USD | Point-in-time |
| Long-term debt |
LongTermDebtNoncurrent
|
$183.75M | USD | Point-in-time |
| Long-term debt |
LongTermDebtNoncurrent
|
$183.75M | USD | Point-in-time |
| Lease financing obligations |
CapitalLeaseObligationsNoncurrent
|
$73.15M | USD | Point-in-time |
| Lease financing obligations |
CapitalLeaseObligationsNoncurrent
|
$73.79M | USD | Point-in-time |
| Environmental reserve |
AccruedEnvironmentalLossContingenciesNoncurrent
|
$541.00K | USD | Point-in-time |
| Environmental reserve |
AccruedEnvironmentalLossContingenciesNoncurrent
|
$586.00K | USD | Point-in-time |
| Other liabilities |
OtherLiabilitiesNoncurrent
|
$14.02M | USD | Point-in-time |
| Other liabilities |
OtherLiabilitiesNoncurrent
|
$13.02M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$305.64M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$301.26M | USD | Point-in-time |
| Commitments and contingencies (Note 17) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and contingencies (Note 17) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Total partners' capital |
PartnersCapital
|
$13.89M | USD | Point-in-time |
| Total partners' capital |
PartnersCapital
|
$14.54M | USD | Point-in-time |
| Total liabilities and partners' capital |
LiabilitiesAndStockholdersEquity
|
$319.53M | USD | Point-in-time |
| Total liabilities and partners' capital |
LiabilitiesAndStockholdersEquity
|
$315.81M | USD | Point-in-time |
Income Statement
26 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Revenues from fuel sales |
FuelSalesRevenue
|
$218.30M | USD | 1 Quarter |
| Revenues from fuel sales to affiliates |
FuelSalesRevenueFromRelatedParties
|
$242.87M | USD | 1 Quarter |
| Rent income |
OperatingLeasesIncomeStatementLeaseRevenue
|
$3.35M | USD | 1 Quarter |
| Rent income from affiliates |
RentalIncomeFromRelatedParties
|
$6.92M | USD | 1 Quarter |
| Total revenues |
SalesRevenueNet
|
$471.44M | USD | 1 Quarter |
| Cost of revenues from fuel sales |
FuelCosts
|
$214.20M | USD | 1 Quarter |
| Cost of revenues from fuel sales to affiliates |
FuelCostsFromRelatedParty
|
$236.70M | USD | 1 Quarter |
| Rent expense |
OperatingLeasesRentExpenseNet
|
$3.88M | USD | 1 Quarter |
| Operating expenses |
OperatingCostsAndExpenses
|
$810.00K | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$4.84M | USD | 1 Quarter |
| Selling, general and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$3.92M | USD | 1 Quarter |
| Total costs and operating expenses |
CostsAndExpenses
|
$464.35M | USD | 1 Quarter |
| Operating income (loss) |
OperatingIncomeLoss
|
$7.08M | USD | 1 Quarter |
| Interest expense, net |
InterestExpense
|
$3.39M | USD | 1 Quarter |
| Other income, net |
OtherNonoperatingIncome
|
$504.00K | USD | 1 Quarter |
| Income (loss) from continuing operations before income taxes |
IncomeLossFromContinuingOperations
|
$4.20M | USD | 1 Quarter |
| Income tax expense from continuing operations |
IncomeTaxExpenseBenefit
|
$443.00K | USD | 1 Quarter |
| Income (loss) from continuing operations after income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$3.76M | USD | 1 Quarter |
| Net income (loss) and comprehensive income (loss) |
NetIncomeLoss
|
$3.76M | USD | 1 Quarter |
| Limited partners' interest in net income from continuing operations after income taxes |
NetIncomeLossAllocatedToLimitedPartners
|
$3.76M | USD | 1 Quarter |
| Net income allocated to common units |
NetIncomeLossAllocatedToCommonUnits
|
$1.88M | USD | 1 Quarter |
| Net income allocated to subordinated units |
NetIncomeLossAllocatedToSubordinatedUnits
|
$1.88M | USD | 1 Quarter |
| Net income per common unit-basic and diluted (in dollars per unit) |
EarningsPerShareBasicAndDiluted
|
$0.25 | USD | 1 Quarter |
| Net income per subordinated unit-basic and diluted (in dollars per unit) |
NetIncomeLossPerOutstandingLimitedPartnershipSubordinatedUnitBasicAndDiluted
|
$0.25 | USD | 1 Quarter |
| Common units-basic and diluted (in units) |
WeightedAverageNumberOfLimitedPartnershipAndGeneralPartnershipUnitOutstandingBasicAndDiluted
|
7.53M | shares | 1 Quarter |
| Subordinated units-basic and diluted (in units) |
WeightedAverageLimitedPartnershipSubordinateUnitsOutstandingBasicAndDiluted
|
7.53M | shares | 1 Quarter |
Cash Flow Statement
35 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income (loss) |
NetIncomeLoss
|
$3.76M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$4.84M | USD | 1 Quarter |
| Accretion of interest |
AccretionExpense
|
$10.00K | USD | 1 Quarter |
| Amortization of deferred financing fees |
AmortizationOfFinancingCosts
|
$614.00K | USD | 1 Quarter |
| Amortization of (above) below market leases, net |
AmortizationOfAboveAndBelowMarketLeases
|
$-49.00K | USD | 1 Quarter |
| Provision for losses on doubtful accounts |
ProvisionForDoubtfulAccounts
|
$60.00K | USD | 1 Quarter |
| Equity incentive compensation expense |
ShareBasedCompensation
|
$161.00K | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$-1.10M | USD | 1 Quarter |
| Accounts receivable from affiliates |
IncreaseDecreaseInAccountsReceivableRelatedParties
|
$13.24M | USD | 1 Quarter |
| Other current assets |
IncreaseDecreaseInOtherCurrentAssets
|
$61.00K | USD | 1 Quarter |
| Other assets |
IncreaseDecreaseInOtherNoncurrentAssets
|
$-161.00K | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$2.23M | USD | 1 Quarter |
| Accrued expenses and other current liabilities |
IncreaseDecreaseInAccruedLiabilities
|
$1.23M | USD | 1 Quarter |
| Motor fuel taxes payable |
IncreaseDecreaseInAccruedTaxesPayable
|
$58.00K | USD | 1 Quarter |
| Income taxes payable |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$96.00K | USD | 1 Quarter |
| Other long-term liabilities |
IncreaseDecreaseInOtherNoncurrentLiabilities
|
$-693.00K | USD | 1 Quarter |
| Net cash flows provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$275.00K | USD | 1 Quarter |
| Purchases of property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$83.00K | USD | 1 Quarter |
| Principal payments received on notes receivable |
ProceedsFromCollectionOfNotesReceivable
|
$16.00K | USD | 1 Quarter |
| Cash paid in connection with acquisitions, net of cash acquired |
PaymentsToAcquireBusinessesNetOfCashAcquired
|
$160.00K | USD | 1 Quarter |
| Net cash flows (used in) provided by investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-227.00K | USD | 1 Quarter |
| Borrowings under swingline line-of-credit |
ProceedsFromLongTermLinesOfCredit
|
$21.66M | USD | 1 Quarter |
| Repayments of borrowings under swingline line-of-credit |
RepaymentsOfLongTermLinesOfCredit
|
$21.66M | USD | 1 Quarter |
| Repayment of lease financing obligations |
RepaymentsOfLongTermCapitalLeaseObligations
|
$371.00K | USD | 1 Quarter |
| Distributions paid on common and subordinated units |
PaymentsOfDistributionsToAffiliates
|
$4.44M | USD | 1 Quarter |
| Net cash flows used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-4.81M | USD | 1 Quarter |
| Net decrease in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-4.76M | USD | 1 Quarter |
| Beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$8.00K | USD | Point-in-time |
| Beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$4.77M | USD | Point-in-time |
| End of period |
CashAndCashEquivalentsAtCarryingValue
|
$8.00K | USD | Point-in-time |
| End of period |
CashAndCashEquivalentsAtCarryingValue
|
$4.77M | USD | Point-in-time |
| Cash paid for interest |
InterestPaidNet
|
$2.76M | USD | 1 Quarter |
| Cash paid for income taxes |
IncomeTaxesPaidNet
|
$357.00K | USD | 1 Quarter |
| Total assets |
NonCashAssetsRelatedToLessorIndirectCostsIncurredRecorded
|
$1.90M | USD | 1 Quarter |
| Total liabilities |
NonCashLiabilitiesLessorDeferredRentIncomeRecorded
|
$-1.90M | USD | 1 Quarter |
Stockholders Equity
7 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Balance |
PartnersCapital
|
$13.89M | USD | Point-in-time |
| Balance |
PartnersCapital
|
$14.54M | USD | Point-in-time |
| Units issued for board of directors compensation |
PartnersCapitalAccountUnitBasedCompensation
|
$21.00K | USD | 1 Quarter |
| Net income and comprehensive income |
NetIncomeLoss
|
$3.76M | USD | 1 Quarter |
| Distributions paid |
PartnersCapitalAccountDistributions
|
$4.44M | USD | 1 Quarter |
| Balance |
PartnersCapital
|
$13.89M | 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.