Segment Information

12 Months Ended

Dec. 31, 2012

21. SEGMENT INFORMATION

The Company has two reportable operating segments: Refining and Retail. Each of these segments is organized and managed based upon the nature of the products and services they offer. The segment disclosures reflect management’s current organizational structure. The Company’s interest in MPLI and Minnesota Pipe Line were previously presented within the “Other” segment by the Predecessor. Additionally, the Company’s presentation of certain sales to franchisees is different from the Predecessor’s practice. All Predecessor period information has been recast to conform to the current presentation. Operating results for the Company’s operating segments are as follows:


(in millions)	Refining		Retail		Other			Total
Year ended December 31, 2012
Revenues
Customer	$	3,171.5	$	1,482.4	$	—		$	4,653.9
Intersegment		1,041.1		—		—			1,041.1

Segment revenues		4,212.6		1,482.4		—			5,695.0
Elimination of intersegment revenues		—		—		(1,041.1	)		(1,041.1	)

Total revenues	$	4,212.6	$	1,482.4	$	(1,041.1	)	$	4,653.9

Income (loss) from operations	$	707.3	$	8.7	$	(143.6	)	$	572.4
Income from equity method investment	$	12.3	$	—	$	—		$	12.3
Depreciation and amortization	$	25.4	$	6.6	$	1.2		$	33.2
Capital expenditures	$	24.2	$	4.6	$	2.1		$	30.9

(in millions)	Refining		Retail		Other			Total
Year ended December 31, 2011
Revenues
Customer	$	2,761.0	$	1,519.8	$	—		$	4,280.8
Intersegment		1,043.1		—		—			1,043.1

Segment revenues		3,804.1		1,519.8		—			5,323.9
Elimination of intersegment revenues		—		—		(1,043.1	)		(1,043.1	)

Total revenues	$	3,804.1	$	1,519.8	$	(1,043.1	)	$	4,280.8

Income from operations	$	388.2	$	14.0	$	20.4		$	422.6
Income from equity method investment	$	5.7	$	—	$	—		$	5.7
Depreciation and amortization	$	21.5	$	7.2	$	0.8		$	29.5
Capital expenditures	$	33.9	$	9.2	$	2.8		$	45.9

(in millions)	Refining		Retail		Other			Total
Period ended December 31, 2010 (Successor)
Revenues
Customer	$	242.0	$	102.9	$	—		$	344.9
Intersegment		70.2		—		—			70.2

Segment revenues		312.2		102.9		—			415.1
Elimination of intersegment revenues		—		—		(70.2	)		(70.2	)

Total revenues	$	312.2	$	102.9	$	(70.2	)	$	344.9

Income (loss) from operations	$	9.1	$	0.5	$	(5.9	)	$	3.7
Income from equity method investment	$	0.1	$	—	$	—		$	0.1
Depreciation and amortization	$	1.7	$	0.5	$	—		$	2.2
Capital expenditures	$	2.5	$	—	$	—		$	2.5


(in millions)	Refining		Retail		Other			Total
Eleven months ended November 30, 2010 (Predecessor)
Revenues
Customer	$	1,778.3	$	1,206.8	$	—		$	2,985.1
Intersegment		811.4		—		—			811.4
Related parties		210.1		—		—			210.1

Segment revenues		2,799.8		1,206.8		—			4,006.6
Elimination of intersegment revenues		—		—		(811.4	)		(811.4	)

Total revenues	$	2,799.8	$	1,206.8	$	(811.4	)	$	3,195.2

Income from operations	$	142.8	$	26.5	$	—		$	169.3
Income from equity method investment	$	5.4	$	—	$	—		$	5.4
Depreciation and amortization	$	24.9	$	12.4	$	—		$	37.3
Capital expenditures	$	29.4	$	0.4	$	—		$	29.8

Intersegment sales from the Refining segment to the Retail segment consist primarily of sales of refined products which are recorded based on contractual prices that are market based. Revenues from external customers are nearly all in the United States.

Total assets by segment were as follows:


(in millions)	Refining		Retail		Corporate/Other		Total
At December 31, 2012	$	706.1	$	134.7	$	297.4	$	1,138.2

At December 31, 2011	$	646.5	$	130.2	$	222.1	$	998.8

Total assets for the Refining and Retail segments exclude all intercompany balances. All cash and cash equivalents are included as Corporate/Other assets. All property, plant and equipment are located in the United States.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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Northern Tier Energy LLC 10-K