Segment Information |
The tables below reflect only 2015 transactions for TC since that is the time period affected by segment reporting due to the acquisition closing in the fourth quarter of 2014.
|
|
Three Months Ended September 30, 2015 |
|
|
|
Petrochemical |
|
|
Specialty Wax |
|
|
Corporate |
|
|
Consolidated |
|
|
|
(in thousands) |
|
Product sales |
|
$ |
59,122 |
|
|
$ |
4,068 |
|
|
$ |
- |
|
|
$ |
63,190 |
|
Processing fees |
|
|
1,364 |
|
|
|
2,384 |
|
|
|
- |
|
|
|
3,748 |
|
Net revenues |
|
|
60,486 |
|
|
|
6,452 |
|
|
|
- |
|
|
|
66,938 |
|
Operating profit before depreciation and amortization |
|
|
13,636 |
|
|
|
1,393 |
|
|
|
(1,654 |
) |
|
|
13,375 |
|
Operating profit (loss) |
|
|
12,557 |
|
|
|
178 |
|
|
|
(1,672 |
) |
|
|
11,063 |
|
Depreciation and amortization |
|
|
1,079 |
|
|
|
1,215 |
|
|
|
18 |
|
|
|
2,312 |
|
Capital expenditures |
|
|
4,857 |
|
|
|
1,766 |
|
|
|
|
|
|
|
6,623 |
|
|
|
Nine Months Ended September 30, 2015 |
|
|
|
Petrochemical |
|
|
Specialty Wax |
|
|
Corporate |
|
|
Consolidated |
|
|
|
(in thousands) |
|
Product sales |
|
$ |
158,647 |
|
|
$ |
11,749 |
|
|
$ |
- |
|
|
$ |
170,396 |
|
Processing fees |
|
|
4,409 |
|
|
|
6,626 |
|
|
|
- |
|
|
|
11,035 |
|
Net revenues |
|
|
163,056 |
|
|
|
18,375 |
|
|
|
- |
|
|
|
181,431 |
|
Operating profit before depreciation and amortization |
|
|
38,197 |
|
|
|
3,897 |
|
|
|
(5,145 |
) |
|
|
36,949 |
|
Operating profit (loss) |
|
|
35,075 |
|
|
|
375 |
|
|
|
(5,163 |
) |
|
|
30,287 |
|
Depreciation and amortization |
|
|
3,122 |
|
|
|
3,522 |
|
|
|
18 |
|
|
|
6,662 |
|
Capital expenditures |
|
|
17,876 |
|
|
|
5,597 |
|
|
|
- |
|
|
|
23,473 |
|
|
|
September 30, 2015 |
|
|
|
Petrochemical |
|
|
Specialty Wax |
|
|
Corporate |
|
|
Eliminations |
|
|
Consolidated |
|
|
|
(in thousands) |
|
Goodwill and intangible assets, net |
|
$ |
- |
|
|
$ |
46,817 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
46,817 |
|
Total assets |
|
|
189,537 |
|
|
|
84,794 |
|
|
|
101,581 |
|
|
|
(129,141 |
) |
|
|
246,771 |
|
|
|
Year Ended December 31, 2014 |
|
|
|
Petrochemical |
|
|
Specialty Wax |
|
|
Corporate |
|
|
Eliminations |
|
|
Consolidated |
|
|
|
(in thousands) |
|
Goodwill and intangible assets, net |
|
$ |
- |
|
|
$ |
47,985 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
47,985 |
|
Total assets |
|
|
172,945 |
|
|
|
79,135 |
|
|
|
99,360 |
|
|
|
(119,366 |
) |
|
|
232,074 |
|
|