| 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 June 30, 2015 |
|
| |
|
Petrochemical |
|
|
Specialty Wax |
|
|
Corporate |
|
|
Consolidated |
|
| |
|
(in thousands) |
|
Product sales |
|
$ |
52,342 |
|
|
$ |
4,323 |
|
|
$ |
- |
|
|
$ |
56,665 |
|
Processing fees |
|
|
1,521 |
|
|
|
1,164 |
|
|
|
- |
|
|
|
2,685 |
|
Net revenues |
|
|
53,863 |
|
|
|
5,487 |
|
|
|
- |
|
|
|
59,350 |
|
Operating profit before depreciation and amortization |
|
|
12,850 |
|
|
|
430 |
|
|
|
(1,679 |
) |
|
|
11,601 |
|
Operating profit (loss) |
|
|
11,902 |
|
|
|
(732 |
) |
|
|
(1,679 |
) |
|
|
9,491 |
|
Depreciation and amortization |
|
|
949 |
|
|
|
1,161 |
|
|
|
- |
|
|
|
2,110 |
|
Capital expenditures |
|
|
6,204 |
|
|
|
2,903 |
|
|
|
|
|
|
|
9,107 |
|
| |
|
Six Months Ended June 30, 2015 |
|
| |
|
Petrochemical |
|
|
Specialty Wax |
|
|
Corporate |
|
|
Consolidated |
|
| |
|
(in thousands) |
|
Product sales |
|
$ |
99,525 |
|
|
$ |
7,681 |
|
|
$ |
- |
|
|
$ |
107,206 |
|
Processing fees |
|
|
3,045 |
|
|
|
4,242 |
|
|
|
- |
|
|
|
7,287 |
|
Net revenues |
|
|
102,570 |
|
|
|
11,923 |
|
|
|
- |
|
|
|
114,493 |
|
Operating profit before depreciation and amortization |
|
|
24,562 |
|
|
|
2,504 |
|
|
|
(3,491 |
) |
|
|
23,575 |
|
Operating profit (loss) |
|
|
22,519 |
|
|
|
196 |
|
|
|
(3,491 |
) |
|
|
19,224 |
|
Depreciation and amortization |
|
|
2,044 |
|
|
|
2,307 |
|
|
|
- |
|
|
|
4,351 |
|
Capital expenditures |
|
|
13,019 |
|
|
|
3,831 |
|
|
|
|
|
|
|
16,850 |
|
| |
|
June 30, 2015 |
|
| |
|
Petrochemical |
|
|
Specialty Wax |
|
|
Corporate |
|
|
Eliminations |
|
|
Consolidated |
|
| |
|
(in thousands) |
|
Goodwill and intangible assets, net |
|
$ |
- |
|
|
$ |
47,091 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
47,091 |
|
Total assets |
|
|
180,025 |
|
|
|
82,399 |
|
|
|
100,516 |
|
|
|
(123,996 |
) |
|
|
238,944 |
|
| |
|
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 |
|
|