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10-Q Filing

NGL Energy Partners LP CIK: 1504461 Q1 2013
Filing Information
Form Type 10-Q
Accession Number 0001104659-13-062363
Period End Date 20130630
Filing Date 20130809
Fiscal Year 2013
Fiscal Period Q1
XBRL Instance ngl-20130630.xml
Balance Sheet 64 line items
Line Item Tag Value Unit Period
Accounts receivable - trade, allowance for doubtful accounts (in dollars) AllowanceForDoubtfulAccountsReceivableCurrent $1.76M USD Point-in-time
Accounts receivable - trade, allowance for doubtful accounts (in dollars) AllowanceForDoubtfulAccountsReceivableCurrent $1.74M USD Point-in-time
PROPERTY, PLANT AND EQUIPMENT, accumulated depreciation (in dollars) AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $50.13M USD Point-in-time
PROPERTY, PLANT AND EQUIPMENT, accumulated depreciation (in dollars) AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $62.91M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $4.60M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $21.47M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $7.83M USD Point-in-time
INTANGIBLE ASSETS, accumulated amortization (in dollars) FiniteLivedIntangibleAssetsAccumulatedAmortization $55.45M USD Point-in-time
INTANGIBLE ASSETS, accumulated amortization (in dollars) FiniteLivedIntangibleAssetsAccumulatedAmortization $44.16M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $11.56M USD Point-in-time
General partner, interest (as a percent) LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest 0.00 pure Annual
Accounts receivable - trade, net of allowance for doubtful accounts of $1,743 and $1,760, respectively AccountsReceivableNetCurrent $562.89M USD Point-in-time
Accounts receivable - trade, net of allowance for doubtful accounts of $1,743 and $1,760, respectively AccountsReceivableNetCurrent $545.32M USD Point-in-time
General partner, interest (as a percent) LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest 0.00 pure 1 Quarter
General partner, notional units outstanding GeneralPartnersCapitalAccountUnitsOutstanding 53,676.00 shares Point-in-time
General partner, notional units outstanding GeneralPartnersCapitalAccountUnitsOutstanding 53,676.00 shares Point-in-time
Accounts receivable - affiliates DueFromRelatedPartiesCurrent $14.48M USD Point-in-time
Accounts receivable - affiliates DueFromRelatedPartiesCurrent $22.88M USD Point-in-time
Limited partners, interest (as a percent) LimitedLiabilityCompanyLLCOrLimitedPartnershipLPMembersOrLimitedPartnersOwnershipInterest 1.00 pure 1 Quarter
Inventories InventoryNet $208.33M USD Point-in-time
Limited partners, interest (as a percent) LimitedLiabilityCompanyLLCOrLimitedPartnershipLPMembersOrLimitedPartnersOwnershipInterest 1.00 pure Annual
Inventories InventoryNet $126.89M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $39.80M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $37.89M USD Point-in-time
Total current assets AssetsCurrent $762.12M USD Point-in-time
Total current assets AssetsCurrent $812.53M USD Point-in-time
PROPERTY, PLANT AND EQUIPMENT, net of accumulated depreciation of $62,910 and $50,127 respectively PropertyPlantAndEquipmentNet $516.94M USD Point-in-time
PROPERTY, PLANT AND EQUIPMENT, net of accumulated depreciation of $62,910 and $50,127 respectively PropertyPlantAndEquipmentNet $536.45M USD Point-in-time
GOODWILL Goodwill $563.19M USD Point-in-time
GOODWILL Goodwill $563.15M USD Point-in-time
INTANGIBLE ASSETS, net of accumulated amortization of $55,453 and $44,155, respectively IntangibleAssetsNetExcludingGoodwill $442.60M USD Point-in-time
INTANGIBLE ASSETS, net of accumulated amortization of $55,453 and $44,155, respectively IntangibleAssetsNetExcludingGoodwill $434.86M USD Point-in-time
OTHER NONCURRENT ASSETS OtherAssetsNoncurrent $6.27M USD Point-in-time
OTHER NONCURRENT ASSETS OtherAssetsNoncurrent $6.54M USD Point-in-time
Total assets Assets $2.29B USD Point-in-time
Total assets Assets $2.35B USD Point-in-time
Trade accounts payable AccountsPayableCurrent $535.69M USD Point-in-time
Trade accounts payable AccountsPayableCurrent $571.29M USD Point-in-time
Accrued expenses and other payables OtherLiabilitiesCurrent $96.46M USD Point-in-time
Accrued expenses and other payables OtherLiabilitiesCurrent $85.70M USD Point-in-time
Advance payments received from customers CustomerAdvancesCurrent $35.25M USD Point-in-time
Advance payments received from customers CustomerAdvancesCurrent $22.37M USD Point-in-time
Accounts payable - affiliates DueToRelatedPartiesCurrent $10.50M USD Point-in-time
Accounts payable - affiliates DueToRelatedPartiesCurrent $6.90M USD Point-in-time
Current maturities of long-term debt LongTermDebtAndCapitalLeaseObligationsCurrent $8.63M USD Point-in-time
Current maturities of long-term debt LongTermDebtAndCapitalLeaseObligationsCurrent $8.72M USD Point-in-time
Total current liabilities LiabilitiesCurrent $659.29M USD Point-in-time
Total current liabilities LiabilitiesCurrent $722.22M USD Point-in-time
LONG-TERM DEBT, net of current maturities LongTermDebtAndCapitalLeaseObligations $781.82M USD Point-in-time
LONG-TERM DEBT, net of current maturities LongTermDebtAndCapitalLeaseObligations $740.44M USD Point-in-time
OTHER NONCURRENT LIABILITIES OtherLiabilitiesNoncurrent $3.54M USD Point-in-time
OTHER NONCURRENT LIABILITIES OtherLiabilitiesNoncurrent $2.21M USD Point-in-time
COMMITMENTS AND CONTINGENCIES CommitmentsAndContingencies - USD Point-in-time
COMMITMENTS AND CONTINGENCIES CommitmentsAndContingencies - USD Point-in-time
General Partner - 0.1% interest; 53,676 notional units outstanding at June 30, 2013 and March 31, 2013 GeneralPartnersCapitalAccount $-50.50M USD Point-in-time
General Partner - 0.1% interest; 53,676 notional units outstanding at June 30, 2013 and March 31, 2013 GeneralPartnersCapitalAccount $-50.00M USD Point-in-time
Foreign currency translation AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax $24.00K USD Point-in-time
Foreign currency translation AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax $-1.00K USD Point-in-time
Noncontrolling interests PartnersCapitalAttributableToNoncontrollingInterest $5.74M USD Point-in-time
Noncontrolling interests PartnersCapitalAttributableToNoncontrollingInterest $6.50M USD Point-in-time
Total partners' equity PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest $889.42M USD Point-in-time
Total partners' equity PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest $845.73M USD Point-in-time
Total liabilities and partners' equity LiabilitiesAndStockholdersEquity $2.35B USD Point-in-time
Total liabilities and partners' equity LiabilitiesAndStockholdersEquity $2.29B USD Point-in-time
Income Statement 49 line items
Line Item Tag Value Unit Period
Crude oil logistics OilAndGasRevenue $73.52M USD 1 Quarter
Crude oil logistics OilAndGasRevenue $930.79M USD 1 Quarter
Water services WaterServicesRevenue $1.94M USD 1 Quarter
Water services WaterServicesRevenue $20.51M USD 1 Quarter
Natural gas liquids logistics NaturalGasLiquidsLogisticsRevenue $191.62M USD 1 Quarter
Natural gas liquids logistics NaturalGasLiquidsLogisticsRevenue $360.96M USD 1 Quarter
Retail propane PropaneRevenue $72.22M USD 1 Quarter
Retail propane PropaneRevenue $59.21M USD 1 Quarter
Other OtherSalesRevenueNet $153.00K USD 1 Quarter
Other OtherSalesRevenueNet $1.47M USD 1 Quarter
Total Revenues SalesRevenueNet $1.39B USD 1 Quarter
Total Revenues SalesRevenueNet $326.44M USD 1 Quarter
Crude oil logistics CostOfServicesOilAndGas $76.88M USD 1 Quarter
Crude oil logistics CostOfServicesOilAndGas $909.22M USD 1 Quarter
Water services WaterProductionCosts $583.00K USD 1 Quarter
Water services WaterProductionCosts $616.00K USD 1 Quarter
Natural gas liquids logistics CostOfSalesNaturalGasLiquidsLogistics $350.25M USD 1 Quarter
Natural gas liquids logistics CostOfSalesNaturalGasLiquidsLogistics $184.04M USD 1 Quarter
Retail propane PropaneCosts $37.44M USD 1 Quarter
Retail propane PropaneCosts $43.02M USD 1 Quarter
Total Cost of Sales CostOfGoodsAndServicesSold $1.30B USD 1 Quarter
Total Cost of Sales CostOfGoodsAndServicesSold $298.99M USD 1 Quarter
Operating OperatingCostsAndExpenses $49.05M USD 1 Quarter
Operating OperatingCostsAndExpenses $23.34M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $18.45M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $9.96M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $22.72M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $9.23M USD 1 Quarter
Operating Loss OperatingIncomeLoss $-7.34M USD 1 Quarter
Operating Loss OperatingIncomeLoss $-15.07M USD 1 Quarter
Interest expense InterestExpense $3.80M USD 1 Quarter
Interest expense InterestExpense $10.62M USD 1 Quarter
Loss on early extinguishment of debt GainsLossesOnExtinguishmentOfDebt $-5.77M USD 1 Quarter
Interest income FinanceChargesIncome $366.00K USD 1 Quarter
Interest income FinanceChargesIncome $398.00K USD 1 Quarter
Other, net OtherNonoperatingIncomeExpense $-348.00K USD 1 Quarter
Other, net OtherNonoperatingIncomeExpense $26.00K USD 1 Quarter
Loss Before Income Taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-17.91M USD 1 Quarter
Loss Before Income Taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-24.25M USD 1 Quarter
INCOME TAX PROVISION (BENEFIT) IncomeTaxExpenseBenefit $-406.00K USD 1 Quarter
INCOME TAX PROVISION (BENEFIT) IncomeTaxExpenseBenefit $459.00K USD 1 Quarter
Net Loss IncomeLossIncludingPortionAttributableToNoncontrollingInterest $-17.51M USD 1 Quarter
Net Loss IncomeLossIncludingPortionAttributableToNoncontrollingInterest $-24.71M USD 1 Quarter
Net Income Allocated to General Partner NetIncomeLossAllocatedToGeneralPartners $1.69M USD 1 Quarter
Net Income Allocated to General Partner NetIncomeLossAllocatedToGeneralPartners $95.00K USD 1 Quarter
Net (Income) Loss Attributable to Noncontrolling Interests NetIncomeLossAttributableToNoncontrollingInterest $60.00K USD 1 Quarter
Net (Income) Loss Attributable to Noncontrolling Interests NetIncomeLossAttributableToNoncontrollingInterest $-125.00K USD 1 Quarter
Net Loss Attributable to Parent Equity Allocated to Limited Partners NetIncomeLossAllocatedToLimitedPartners $-19.32M USD 1 Quarter
Net Loss Attributable to Parent Equity Allocated to Limited Partners NetIncomeLossAllocatedToLimitedPartners $-24.75M USD 1 Quarter
Cash Flow Statement 71 line items
Line Item Tag Value Unit Period
Net loss IncomeLossIncludingPortionAttributableToNoncontrollingInterest $-17.51M USD 1 Quarter
Net loss IncomeLossIncludingPortionAttributableToNoncontrollingInterest $-24.71M USD 1 Quarter
Depreciation and amortization, including debt issuance cost amortization DepreciationDepletionAndAmortization $9.93M USD 1 Quarter
Depreciation and amortization, including debt issuance cost amortization DepreciationDepletionAndAmortization $24.75M USD 1 Quarter
Loss on early extinguishment of debt LossesOnExtinguishmentOfDebtAndShareBasedCompensation $5.77M USD 1 Quarter
Non-cash equity-based compensation expense ShareBasedCompensation $7.08M USD 1 Quarter
Non-cash equity-based compensation expense ShareBasedCompensation $655.00K USD 1 Quarter
Loss on sale of assets GainLossOnDispositionOfAssets $-7.00K USD 1 Quarter
Loss on sale of assets GainLossOnDispositionOfAssets $-373.00K USD 1 Quarter
Provision for doubtful accounts ProvisionForDoubtfulAccounts $293.00K USD 1 Quarter
Provision for doubtful accounts ProvisionForDoubtfulAccounts $364.00K USD 1 Quarter
Commodity derivative (gain) loss GainLossOnSaleOfDerivatives $-7.21M USD 1 Quarter
Commodity derivative (gain) loss GainLossOnSaleOfDerivatives $4.23M USD 1 Quarter
Other OtherNoncashIncomeExpense $-62.00K USD 1 Quarter
Other OtherNoncashIncomeExpense $-187.00K USD 1 Quarter
Accounts receivable - trade IncreaseDecreaseInAccountsReceivable $-139.46M USD 1 Quarter
Accounts receivable - trade IncreaseDecreaseInAccountsReceivable $-17.63M USD 1 Quarter
Accounts receivable - affiliates IncreaseDecreaseInDueFromAffiliatesCurrent $-8.40M USD 1 Quarter
Accounts receivable - affiliates IncreaseDecreaseInDueFromAffiliatesCurrent $-5.41M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $49.52M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $81.12M USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-218.00K USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $929.00K USD 1 Quarter
Trade accounts payable IncreaseDecreaseInAccountsPayable $-140.42M USD 1 Quarter
Trade accounts payable IncreaseDecreaseInAccountsPayable $35.60M USD 1 Quarter
Accrued expenses and other payables IncreaseDecreaseInAccruedLiabilities $6.28M USD 1 Quarter
Accrued expenses and other payables IncreaseDecreaseInAccruedLiabilities $-8.85M USD 1 Quarter
Accounts payable - affiliates IncreaseDecreaseInDueToAffiliates $-2.72M USD 1 Quarter
Accounts payable - affiliates IncreaseDecreaseInDueToAffiliates $3.60M USD 1 Quarter
Advance payments received from customers IncreaseDecreaseInCustomerAdvances $14.89M USD 1 Quarter
Advance payments received from customers IncreaseDecreaseInCustomerAdvances $12.88M USD 1 Quarter
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $-54.91M USD 1 Quarter
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $25.94M USD 1 Quarter
Purchases of long-lived assets PaymentsToAcquireProductiveAssets $30.19M USD 1 Quarter
Purchases of long-lived assets PaymentsToAcquireProductiveAssets $2.68M USD 1 Quarter
Acquisitions of businesses, including acquired working capital PaymentsToAcquireBusinessesNetOfCashAcquired $5.36M USD 1 Quarter
Acquisitions of businesses, including acquired working capital PaymentsToAcquireBusinessesNetOfCashAcquired $295.34M USD 1 Quarter
Cash flows from commodity derivatives ProceedsFromDerivativeInstrumentInvestingActivities $15.51M USD 1 Quarter
Cash flows from commodity derivatives ProceedsFromDerivativeInstrumentInvestingActivities $-11.05M USD 1 Quarter
Proceeds from sales of assets ProceedsFromSaleOfProductiveAssets $361.00K USD 1 Quarter
Proceeds from sales of assets ProceedsFromSaleOfProductiveAssets $1.09M USD 1 Quarter
Other PaymentsForProceedsFromOtherInvestingActivities $-212.00K USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-281.94M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-45.52M USD 1 Quarter
Proceeds from borrowings under revolving credit facilities ProceedsFromLongTermLinesOfCredit $255.00M USD 1 Quarter
Proceeds from borrowings under revolving credit facilities ProceedsFromLongTermLinesOfCredit $462.18M USD 1 Quarter
Payments on revolving credit facilities RepaymentsOfLongTermLinesOfCredit $212.00M USD 1 Quarter
Payments on revolving credit facilities RepaymentsOfLongTermLinesOfCredit $333.68M USD 1 Quarter
Issuance of senior notes ProceedsFromIssuanceOfSeniorLongTermDebt $250.00M USD 1 Quarter
Proceeds from borrowings on other long-term debt ProceedsFromIssuanceOfOtherLongTermDebt $880.00K USD 1 Quarter
Payments on other long-term debt RepaymentsOfOtherLongTermDebt $300.00K USD 1 Quarter
Payments on other long-term debt RepaymentsOfOtherLongTermDebt $2.88M USD 1 Quarter
Debt issuance costs PaymentsOfDebtIssuanceCosts $18.45M USD 1 Quarter
Debt issuance costs PaymentsOfDebtIssuanceCosts $2.21M USD 1 Quarter
Contributions ProceedsFromPartnershipContribution $1.00M USD 1 Quarter
Contributions ProceedsFromPartnershipContribution $580.00K USD 1 Quarter
Distributions PartnersCapitalAccountDistributionsCashFlowImpact $-9.18M USD 1 Quarter
Distributions PartnersCapitalAccountDistributionsCashFlowImpact $-27.16M USD 1 Quarter
Proceeds from sale of common units, net of offering costs ProceedsFromIssuanceOfCommonLimitedPartnersUnits $-673.00K USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $350.48M USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $12.63M USD 1 Quarter
Net increase (decrease) in cash and cash equivalents NetCashProvidedByUsedInContinuingOperations $13.63M USD 1 Quarter
Net increase (decrease) in cash and cash equivalents NetCashProvidedByUsedInContinuingOperations $-6.96M USD 1 Quarter
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $4.60M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $21.47M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $7.83M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $11.56M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $4.60M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $21.47M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $7.83M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $11.56M USD Point-in-time
Stockholders Equity 10 line items
Line Item Tag Value Unit Period
BALANCES PartnersCapital $845.73M USD Point-in-time
BALANCES PartnersCapital $889.42M USD Point-in-time
Distributions to partners PartnersCapitalAccountDistributionsExcludingIncentiveDistributions $27.16M USD 1 Quarter
Contributions GeneralPartnerContribution $1.00M USD 1 Quarter
Net income (loss) IncomeLossIncludingPortionAttributableToNoncontrollingInterest $-17.51M USD 1 Quarter
Net income (loss) IncomeLossIncludingPortionAttributableToNoncontrollingInterest $-24.71M USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-13.00K USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-25.00K USD 1 Quarter
BALANCES PartnersCapital $845.73M USD Point-in-time
BALANCES PartnersCapital $889.42M USD Point-in-time
Comprehensive Income 6 line items
Line Item Tag Value Unit Period
Net loss IncomeLossIncludingPortionAttributableToNoncontrollingInterest $-17.51M USD 1 Quarter
Net loss IncomeLossIncludingPortionAttributableToNoncontrollingInterest $-24.71M USD 1 Quarter
Change in foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-13.00K USD 1 Quarter
Change in foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-25.00K USD 1 Quarter
Comprehensive loss ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-17.53M USD 1 Quarter
Comprehensive loss ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-24.72M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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