v3.22.2.2
Segment Information
 9 Months Ended
Sep. 30, 2022
Segment Reporting [Abstract]  
Segment Information Segment Information
Although financial information is reviewed by our chief operating decision makers from a variety of perspectives, they view the business in two reportable operating segments: pipelines and terminals, and refinery processing units. These operating segments adhere to the accounting polices used for our consolidated financial statements.

Pipelines and terminals have been aggregated as one reportable segment as both pipeline and terminals (1) have similar economic characteristics, (2) similarly provide logistics services of transportation and storage of petroleum products, (3) similarly support the petroleum refining business, including distribution of its products, (4) have principally the same customers and (5) are subject to similar regulatory requirements.

We evaluate the performance of each segment based on its respective operating income. Certain general and administrative expenses and interest and financing costs are excluded from segment operating income as they are not directly attributable to a specific reportable segment. Identifiable assets are those used by the segment, whereas other assets are principally equity method investments, cash, deposits and other assets that are not associated with a specific reportable segment.
Three Months Ended
September 30,		Nine Months Ended
September 30,
2022202120222021
(In thousands)
Revenues:
Pipelines and terminals - affiliate$95,445 $75,211 $256,940 $232,756 
Pipelines and terminals - third-party26,134 25,460 79,311 77,810 
Refinery processing units - affiliate27,423 21,913 68,719 65,436 
Total segment revenues$149,002 $122,584 $404,970 $376,002 
Segment operating income:
Pipelines and terminals (1)
$51,621 $48,268 $150,098 $139,143 
Refinery processing units11,675 9,697 23,481 27,705 
Total segment operating income63,296 57,965 173,579 166,848 
Unallocated general and administrative expenses(3,751)(3,849)(12,745)(9,664)
Interest expense(22,965)(13,417)(56,951)(40,595)
Interest income24,234 6,835 61,212 19,997 
Equity in earnings of equity method investments(16,334)3,689 (7,261)8,875 
Gain on sales-type leases— — — 24,677 
Gain (loss) on sale of assets and other 494 77 640 5,994 
Income before income taxes$44,974 $51,300 $158,474 $176,132 
Capital Expenditures:
  Pipelines and terminals$7,583 $19,049 $25,400 $77,826 
  Refinery processing units364 168 5,794 766 
Total capital expenditures$7,947 $19,217 $31,194 $78,592 
September 30, 2022December 31, 2021
(In thousands)
Identifiable assets:
  Pipelines and terminals (2)
$2,169,486 $1,737,388 
  Refinery processing units307,908 294,452 
Other287,577 134,027 
Total identifiable assets$2,764,971 $2,165,867 

(1) Pipelines and terminals segment operating income included goodwill impairment charges of $11.0 million for the nine months ended September 30, 2021.
(2) Included goodwill of $322.0 million as of September 30, 2022 and $223.7 million as of December 31, 2021.