| Segment Information |
The table below reflects only first quarter 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 March 31, 2015 |
|
| |
|
Petrochemical |
|
|
Specialty Wax |
|
|
Corporate |
|
|
Consolidated |
|
| |
|
(in thousands) |
|
Product sales |
|
$ |
47,183 |
|
|
$ |
3,358 |
|
|
$ |
- |
|
|
$ |
50,541 |
|
Processing fees |
|
|
1,524 |
|
|
|
3,078 |
|
|
|
- |
|
|
|
4,602 |
|
Net revenues |
|
|
48,707 |
|
|
|
6,436 |
|
|
|
- |
|
|
|
55,143 |
|
Operating profit before depreciation and amortization |
|
|
11,712 |
|
|
|
2,074 |
|
|
|
(1,812 |
) |
|
|
11,974 |
|
Operating profit (loss) |
|
|
10,617 |
|
|
|
928 |
|
|
|
(1,812 |
) |
|
|
9,733 |
|
Depreciation and amortization |
|
|
1,095 |
|
|
|
1,146 |
|
|
|
- |
|
|
|
2,241 |
|
Capital expenditures |
|
|
6,815 |
|
|
|
928 |
|
|
|
|
|
|
|
7,743 |
|
| |
|
|
|
|
March 31, 2015 |
|
| |
|
Petrochemical |
|
|
Specialty Wax |
|
|
Corporate |
|
|
Eliminations |
|
|
Consolidated |
|
| |
|
|
|
|
(in thousands) |
|
Goodwill and intangible assets, net |
|
$ |
- |
|
|
$ |
47,514 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
47,514 |
|
Total assets |
|
|
176,427 |
|
|
|
80,248 |
|
|
|
99,575 |
|
|
|
(120,724 |
) |
|
|
235,526 |
|
| |
|
|
|
|
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 |
|
|