Property and Equipment

12 Months Ended

Dec. 31, 2018

Property, Plant and Equipment [Abstract]


5.	PROPERTY AND EQUIPMENT

Our property and equipment includes non-leased assets and assets under operating leases for which we are the lessor under U.S. GAAP. Major classes of property and equipment consisted of the following (in thousands):



	December 31, 2018
	Non-Leased Assets			Assets Leased to Valero			Total
Land	$	4,672		$	—		$	4,672
Pipelines and related assets	225,413			386,596			612,009
Terminals and related assets	138,981			1,227,451			1,366,432
Other	14,138			—			14,138
Construction in progress	29,139			—			29,139
Property and equipment, at cost	412,343			1,614,047			2,026,390
Accumulated depreciation	(137,651		)	(479,555		)	(617,206		)
Property and equipment, net	$	274,692		$	1,134,492		$	1,409,184



	December 31, 2017
	Non-Leased Assets			Assets Leased to Valero			Total
Land	$	4,672		$	—		$	4,672
Pipelines and related assets	225,184			385,855			611,039
Terminals and related assets	134,362			1,162,718			1,297,080
Other	14,019			—			14,019
Construction in progress	42,423			—			42,423
Property and equipment, at cost	420,660			1,548,573			1,969,233
Accumulated depreciation	(127,136		)	(425,681		)	(552,817		)
Property and equipment, net	$	293,524		$	1,122,892		$	1,416,416

VALERO ENERGY PARTNERS LP 10-K