GEL FY 2014 Earnings Report — Genesis Energy, L.P. Revenue & Financial Results | Market Cap Arena

Genesis Energy, L.P.GEL

FY 2014 Earnings

Reported February 27, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$3.8B	—	$4.1B	—	-7.0%
Op. Income	$133M	—	$111M	—	19.7%
Gross Margin	4.8%	—	3.8%	—	1.0pp
Net Margin	2.8%	—	2.1%	—	0.7pp
EPS (Diluted)	$1.18	—	$1.03	—	14.6%
Free Cash Flow	-$152M	—	-$205M	—	25.5%

Revenue Flow

Item	Amount
REVENUE	$3.8B
Cost of Revenue	$3.7B
GROSS PROFIT	$183M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$51M
SG&A Expenses	$51M
Other Expenses	$0
Operating Expenses	$51M
Cost & Expenses	$3.7B
OPERATING INCOME	$133M
Interest Income	$0
Interest Expense	$67M
Other Income/Expenses	-$24M
INCOME BEFORE TAX	$109M
Income Tax Expense	$3M
Net Income from Continuing Ops	$106M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$106M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$106M
D&A	$91M
EBIT	$171M
EBITDA	$176M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$3.8B
Cost of Revenue	$3.7B
GROSS PROFIT	$183M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$51M
SG&A Expenses	$51M
Other Expenses	$0
Operating Expenses	$51M
Cost & Expenses	$3.7B
OPERATING INCOME	$133M
Interest Income	$0
Interest Expense	$67M
Other Income/Expenses	-$24M
INCOME BEFORE TAX	$109M
Income Tax Expense	$3M
Net Income from Continuing Ops	$106M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$106M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$106M
D&A	$91M
EBIT	$171M
EBITDA	$176M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$106M
Depreciation & Amortization	$91M
Stock-Based Compensation	$4M
Deferred Income Tax	$2M
Other Non-Cash Items	$10M
Change in Working Capital	$78M
OPERATING CASH FLOW	$291M
Capital Expenditure	-$443M
Acquisitions (Net)	-$198M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$17M
NET CASH FROM INVESTING	-$624M
Net Debt Issuance	$318M
Common Stock Repurchased	$0
Common Dividends Paid	-$200M
Other Financing Activities	$216M
NET CASH FROM FINANCING	$334M
FREE CASH FLOW	-$152M
Net Change in Cash	$596.0K

Balance Sheet

Item	Amount
Cash & Equivalents	$9M
Short-Term Investments	$0
Net Receivables	$272M
Inventory	$47M
Other Current Assets	$28M
TOTAL CURRENT ASSETS	$355M
PP&E (Net)	$1.6B
Goodwill	$325M
Intangible Assets	$83M
Long-Term Investments	$775M
Tax Assets	$0
Other Non-Current Assets	$61M
TOTAL NON-CURRENT ASSETS	$2.9B
TOTAL ASSETS	$3.2B
Account Payables	$245M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$363M
Long-Term Debt	$1.6B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$19M
Other Non-Current Liabilities	$38M
TOTAL NON-CURRENT LIABILITIES	$1.6B
TOTAL LIABILITIES	$2.0B
Common Stock	$1.2B
Additional Paid-In Capital	$0
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	-$268M
Other Equity	$569M
TOTAL STOCKHOLDERS' EQUITY	$1.8B
Minority Interest	$0
TOTAL EQUITY	$1.8B
TOTAL LIABILITIES & EQUITY	$2.0B
Total Debt	$1.6B
Net Debt	$1.6B