GEL FY 2015 Earnings Report — Genesis Energy, L.P. Revenue & Financial Results | Market Cap Arena

Genesis Energy, L.P.GEL

FY 2015 Earnings

Reported February 26, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$2.2B	—	$3.8B	—	-41.6%
Op. Income	$157M	—	$133M	—	18.3%
Gross Margin	9.9%	—	4.8%	—	5.1pp
Net Margin	18.8%	—	2.8%	—	16.0pp
EPS (Diluted)	$4.09	—	$1.18	—	246.6%
Free Cash Flow	-$206M	—	-$152M	—	-35.3%

Revenue Flow

Item	Amount
REVENUE	$2.2B
Cost of Revenue	$2.0B
GROSS PROFIT	$222M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$65M
SG&A Expenses	$65M
Other Expenses	$0
Operating Expenses	$65M
Cost & Expenses	$2.1B
OPERATING INCOME	$157M
Interest Income	$0
Interest Expense	$101M
Other Income/Expenses	$269M
INCOME BEFORE TAX	$426M
Income Tax Expense	$4M
Net Income from Continuing Ops	$422M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$423M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$423M
D&A	$150M
EBIT	$519M
EBITDA	$669M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$2.2B
Cost of Revenue	$2.0B
GROSS PROFIT	$222M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$65M
SG&A Expenses	$65M
Other Expenses	$0
Operating Expenses	$65M
Cost & Expenses	$2.1B
OPERATING INCOME	$157M
Interest Income	$0
Interest Expense	$101M
Other Income/Expenses	$269M
INCOME BEFORE TAX	$426M
Income Tax Expense	$4M
Net Income from Continuing Ops	$422M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$423M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$423M
D&A	$150M
EBIT	$519M
EBITDA	$669M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$422M
Depreciation & Amortization	$150M
Stock-Based Compensation	$5M
Deferred Income Tax	$3M
Other Non-Cash Items	-$296M
Change in Working Capital	$5M
OPERATING CASH FLOW	$290M
Capital Expenditure	-$496M
Acquisitions (Net)	-$1.5B
Purchases of Investments	-$3M
Sales/Maturities of Investments	$0
Other Investing Activities	$30M
NET CASH FROM INVESTING	-$2.0B
Net Debt Issuance	$1.4B
Common Stock Repurchased	$0
Common Dividends Paid	-$256M
Other Financing Activities	-$30M
NET CASH FROM FINANCING	$1.7B
FREE CASH FLOW	-$206M
Net Change in Cash	$1M

Balance Sheet

Item	Amount
Cash & Equivalents	$11M
Short-Term Investments	$0
Net Receivables	$220M
Inventory	$44M
Other Current Assets	$32M
TOTAL CURRENT ASSETS	$306M
PP&E (Net)	$3.9B
Goodwill	$325M
Intangible Assets	$223M
Long-Term Investments	$614M
Tax Assets	$0
Other Non-Current Assets	$59M
TOTAL NON-CURRENT ASSETS	$5.2B
TOTAL ASSETS	$5.5B
Account Payables	$141M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$302M
Long-Term Debt	$2.9B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$23M
Other Non-Current Liabilities	$192M
TOTAL NON-CURRENT LIABILITIES	$3.1B
TOTAL LIABILITIES	$3.4B
Common Stock	$2.0B
Additional Paid-In Capital	$0
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	-$378M
Other Equity	$1.3B
TOTAL STOCKHOLDERS' EQUITY	$3.3B
Minority Interest	-$8M
TOTAL EQUITY	$3.3B
TOTAL LIABILITIES & EQUITY	$3.4B
Total Debt	$2.9B
Net Debt	$2.9B