Genesis Energy Earnings 2019-09-30

GEL 10Q Quarterly Report

Balance Sheet	Income Statement	Cash Flow

Comparables ($MM TTM)
Ticker	M Cap	Assets	Liab	Rev	G Profit	Net Inc	EBITDA	EV	G Margin	EV/EBITDA	ROA
RRTS	337	843	622	1,524	0	-269	-173	514	0%	-3.0	-32%
AE	142	302	152	1,840	0	3	18	10	0%	0.5	1%
SINO	11	21	5	40	6	-6	-5	8	14%	-1.5	-31%
NGL		6,395	4,303	24,810	768	537	919	2,579	3%	2.8	8%
SUN		5,470	4,691	16,805	639	204	371	2,993	4%	8.1	4%
GLP		2,764	2,278	13,230	703	81	88	-10	5%	-0.1	3%
GEL		6,555	4,197	2,689	0	32	571	2,490	0%	4.4	0%
SRLP		946	822	3,619	189	47	131	-6	5%	-0.0	5%
CAPL		929	825	2,295	167	20	109	532	7%	4.9	2%
MMLP		701	738	910	320	-156	-84	594	35%	-7.1	-22%

Document

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 10-Q

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 2019

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

Commission file number 1-12295

GENESIS ENERGY, L.P.

(Exact name of registrant as specified in its charter)



Delaware					76-0513049
(State or other jurisdiction of incorporation or organization)					(I.R.S. Employer Identification No.)

919 Milam, Suite 2100,
	Houston	,	TX		77002
(Address of principal executive offices)					(Zip code)
Registrant’s telephone number, including area code:				(713)	860-2500



Securities registered pursuant to Section 12(b) of the Act:
Title of Each Class	Trading Symbol(s)	Name of Each Exchange on Which Registered
Common units	GEL	NYSE

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ý No ¨

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ý No ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

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Large accelerated filer	x	Accelerated filer	¨
Non-accelerated filer	¨	Smaller reporting company	☐
		Emerging growth company	☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2) of the Exchange Act). Yes ☐ No ý

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date. There were 122,539,221 Class A Common Units and 39,997 Class B Common Units outstanding as of November 6, 2019.

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GENESIS ENERGY, L.P.

TABLE OF CONTENTS



		Page
	PART I. FINANCIAL INFORMATION
Item 1.	Financial Statements	3
	Unaudited Condensed Consolidated Balance Sheets	3
	Unaudited Condensed Consolidated Statements of Operations	4
	Unaudited Condensed Consolidated Statements of Comprehensive Income	5
	Unaudited Condensed Consolidated Statements of Partners’ Capital	6
	Unaudited Condensed Consolidated Statements of Cash Flows	7
	Notes to Unaudited Condensed Consolidated Financial Statements	8
	1. Organization and Basis of Presentation and Consolidation	8
	2. Recent Accounting Developments	8
	3. Revenue Recognition	9
	4. Lease Accounting	11
	5. Inventories	14
	6. Fixed Assets, Mineral Leaseholds, and Asset Retirement Obligations	15
	7. Equity Investees	16
	8. Intangible Assets	17
	9. Debt	18
	10. Partners' Capital, Mezzanine Capital and Distributions	19
	11. Net Income (Loss) Per Common Unit	22
	12. Business Segment Information	23
	13. Transactions with Related Parties	25
	14. Supplemental Cash Flow Information	27
	15. Derivatives	27
	16. Fair-Value Measurements	30
	17. Commitments and Contingencies	32
	18. Condensed Consolidating Financial Information	32
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	41
Item 3.	Quantitative and Qualitative Disclosures about Market Risk	58
Item 4.	Controls and Procedures	58
	PART II. OTHER INFORMATION
Item 1.	Legal Proceedings	59
Item 1A.	Risk Factors	59
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	59
Item 3.	Defaults upon Senior Securities	59
Item 4.	Mine Safety Disclosures	59
Item 5.	Other Information	59
Item 6.	Exhibits	60
SIGNATURES		61

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PART I. FINANCIAL INFORMATION

Item 1. Financial Statements

GENESIS ENERGY, L.P.

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands, except units)



	September 30, 2019			December 31, 2018
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	56,609		$	10,300
Accounts receivable - trade, net	330,581			323,462
Inventories	72,087			73,531
Other	58,469			35,986
Total current assets	517,746			443,279
FIXED ASSETS, at cost	5,521,434			5,440,858
Less: Accumulated depreciation	(1,212,062		)	(1,023,825		)
Net fixed assets	4,309,372			4,417,033
MINERAL LEASEHOLDS, net of accumulated depletion	556,993			560,481
NET INVESTMENT IN DIRECT FINANCING LEASES, net of unearned income	110,094			116,925
EQUITY INVESTEES	336,900			355,085
INTANGIBLE ASSETS, net of amortization	142,715			162,602
GOODWILL	301,959			301,959
RIGHT OF USE ASSETS, net	184,723			—
OTHER ASSETS, net of amortization	100,179			121,707
TOTAL ASSETS	$	6,560,681		$	6,479,071
LIABILITIES AND CAPITAL
CURRENT LIABILITIES:
Accounts payable - trade	$	188,703		$	127,327
Accrued liabilities	225,222			205,507
Total current liabilities	413,925			332,834
SENIOR SECURED CREDIT FACILITY	947,000			970,100
SENIOR UNSECURED NOTES, net of debt issuance costs	2,468,033			2,462,363
DEFERRED TAX LIABILITIES	12,872			12,576
OTHER LONG-TERM LIABILITIES	377,167			259,198
Total liabilities	4,218,997			4,037,071

MEZZANINE CAPITAL:
Class A Convertible Preferred Units, 25,336,778 and 24,438,022 issued and outstanding at September 30, 2019 and December 31, 2018, respectively	790,115			761,466
Redeemable noncontrolling interests, 55,000 preferred units issued and outstanding at September 30, 2019	49,672			—

PARTNERS’ CAPITAL:
Common unitholders, 122,579,218 units issued and outstanding at September 30, 2019 and December 31, 2018	1,507,054			1,690,799
Accumulated other comprehensive income	939			939
Noncontrolling interests	(6,096		)	(11,204		)
Total partners' capital	1,501,897			1,680,534
TOTAL LIABILITIES, MEZZANINE CAPITAL AND PARTNERS’ CAPITAL	$	6,560,681		$	6,479,071

The accompanying notes are an integral part of these Unaudited Condensed Consolidated Financial Statements.

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GENESIS ENERGY, L.P.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands, except per unit amounts)



	Three Months Ended September 30,						Nine Months Ended September 30,
	2019			2018			2019			2018
REVENUES:
Offshore pipeline transportation services	$	79,738		$	70,115		$	236,482		$	213,344
Sodium minerals and sulfur services	277,527			291,722			827,619			876,513
Marine transportation	59,404			56,296			174,760			161,410
Onshore facilities and transportation	205,028			327,145			637,630			972,207
Total revenues	621,697			745,278			1,876,491			2,223,474
COSTS AND EXPENSES:
Onshore facilities and transportation product costs	160,772			273,251			495,927			834,128
Onshore facilities and transportation operating costs	19,550			22,005			58,377			67,346
Marine transportation operating costs	44,831			44,195			133,400			126,259
Sodium minerals and sulfur services operating costs	222,304			229,204			660,906			685,219
Offshore pipeline transportation operating costs	22,932			17,753			45,507			53,533
General and administrative	14,999			24,209			40,097			49,412
Depreciation, depletion and amortization	83,522			91,876			240,513			244,811
Gain on sale of assets	—			(3,363		)	—			(3,363		)
Total costs and expenses	568,910			699,130			1,674,727			2,057,345
OPERATING INCOME	52,787			46,148			201,764			166,129
Equity in earnings of equity investees	11,830			9,492			39,873			28,388
Interest expense	(54,673		)	(58,819		)	(165,881		)	(172,864		)
Other income (expense)	7,974			1,828			306			(3,604		)
Income (loss) before income taxes	17,918			(1,351		)	76,062			18,049
Income tax expense	(111		)	(283		)	(656		)	(914		)
NET INCOME (LOSS)	17,807			(1,634		)	75,406			17,135
Net loss (income) attributable to noncontrolling interests	22			1,311			(1,503		)	1,573
Net income attributable to redeemable noncontrolling interests	(272		)	—			(272		)	—
NET INCOME (LOSS) ATTRIBUTABLE TO GENESIS ENERGY, L.P.	$	17,557		$	(323	)	$	73,631		$	18,708
Less: Accumulated distributions attributable to Class A Convertible Preferred Units	(18,684		)	(17,635		)	(55,783		)	(51,780		)
NET INCOME (LOSS) AVAILABLE TO COMMON UNITHOLDERS	$	(1,127	)	$	(17,958	)	$	17,848		$	(33,072	)
NET INCOME (LOSS) PER COMMON UNIT (Note 11):
Basic and Diluted	$	(0.01	)	$	(0.15	)	$	0.15		$	(0.27	)
WEIGHTED AVERAGE OUTSTANDING COMMON UNITS:
Basic and Diluted	122,579			122,579			122,579			122,579

The accompanying notes are an integral part of these Unaudited Condensed Consolidated Financial Statements.

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GENESIS ENERGY, L.P.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(In thousands)



	Three Months Ended September 30,						Nine Months Ended September 30,
	2019			2018			2019			2018
Net income (loss)	$	17,807		$	(1,634	)	$	75,406		$	17,135
Other comprehensive income:
Change in benefit plan liability	—			—			—			—
Total Comprehensive income (loss)	17,807			(1,634		)	75,406			17,135
Comprehensive (income) loss attributable to noncontrolling interests	22			1,311			(1,503		)	1,573
Comprehensive income attributable to redeemable noncontrolling interests	$	(272	)	$	—		$	(272	)	$	—
Comprehensive income (loss) attributable to Genesis Energy, L.P.	$	17,557		$	(323	)	$	73,631		$	18,708

The accompanying notes are an integral part of these Unaudited Condensed Consolidated Financial Statements.

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GENESIS ENERGY, L.P.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF PARTNERS’ CAPITAL

(In thousands)



	Number of Common Units	Partners’ Capital			Noncontrolling Interest			Accumulated Other Comprehensive Income			Total
Partners’ capital, June 30, 2019	122,579	$	1,575,599		$	(8,449	)	$	939		$	1,568,089
Net income	—	17,557			(22		)	—			17,535
Cash distributions to partners	—	(67,418		)	—			—			(67,418		)
Cash contributions from noncontrolling interests	—	—			2,375			—			2,375
Distributions to Class A Convertible Preferred unitholders	—	(18,684		)	—			—			(18,684		)
Partners' capital, September 30, 2019	122,579	$	1,507,054		$	(6,096	)	$	939		$	1,501,897
	Number of Common Units	Partners’ Capital			Noncontrolling Interest			Accumulated Other Comprehensive Loss			Total
Partners’ capital, June 30, 2018	122,579	$	1,881,957		$	(7,021	)	$	(604	)	$	1,874,332
Net income (loss)	—	(323		)	(1,311		)	—			(1,634		)
Cash distributions to partners	—	(64,967		)	—			—			(64,967		)
Cash contributions from noncontrolling interests	—	—			660			—			660
Distributions to Class A Convertible Preferred unitholders	—	(17,258		)	—			—			(17,258		)
Partners' capital, September 30, 2018	122,579	$	1,799,409		$	(7,672	)	$	(604	)	$	1,791,133



	Number of Common Units	Partners’ Capital			Noncontrolling Interest			Accumulated Other Comprehensive Income			Total
Partners’ capital, January 1, 2019	122,579	$	1,690,799		$	(11,204	)	$	939		$	1,680,534
Net income	—	73,631			1,503			—			75,134
Cash distributions to partners	—	(202,256		)	—			—			(202,256		)
Cash contributions from noncontrolling interests	—	—			3,605			—			3,605
Distributions to Class A Convertible Preferred unitholders	—	(55,120		)	—			—			(55,120		)
Partners' capital, September 30, 2019	122,579	$	1,507,054		$	(6,096	)	$	939		$	1,501,897
	Number of Common Units	Partners’ Capital			Noncontrolling Interest			Accumulated Other Comprehensive Loss			Total
Partners’ capital, January 1, 2018	122,579	$	2,022,597		$	(8,079	)	$	(604	)	$	2,013,914
Net income	—	18,708			(1,573		)	—			17,135
Cash distributions to partners	—	(191,224		)	—			—			(191,224		)
Cash contributions from noncontrolling interests	—	—			1,980			—			1,980
Distributions to Class A Convertible Preferred unitholders	—	(50,672		)	—			—			(50,672		)
Partners' capital, September 30, 2018	122,579	$	1,799,409		$	(7,672	)	$	(604	)	$	1,791,133

The accompanying notes are an integral part of these Unaudited Condensed Consolidated Financial Statements.

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GENESIS ENERGY, L.P.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(In thousands)



	Nine Months Ended September 30,
	2019			2018
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$	75,406		$	17,135
Adjustments to reconcile net income to net cash provided by operating activities -
Depreciation, depletion and amortization	240,513			244,811
Gain on sale of assets	—			(3,363		)
Amortization and write-off of debt issuance costs and discount	8,065			9,489
Amortization of unearned income and initial direct costs on direct financing leases	(9,271		)	(9,847		)
Payments received under direct financing leases	15,501			15,501
Equity in earnings of investments in equity investees	(39,873		)	(28,388		)
Cash distributions of earnings of equity investees	39,725			28,992
Non-cash effect of long-term incentive compensation plans	6,298			3,240
Deferred and other tax liabilities	296			380
Unrealized loss on derivative transactions	4,231			1,285
Other, net	(3,518		)	999
Net changes in components of operating assets and liabilities (Note 14)	(5,644		)	27,330
Net cash provided by operating activities	331,729			307,564
CASH FLOWS FROM INVESTING ACTIVITIES:
Payments to acquire fixed and intangible assets	(109,598		)	(152,868		)
Cash distributions received from equity investees - return of investment	18,333			26,042
Investments in equity investees	—			(2,960		)
Proceeds from asset sales	890			36,859
Net cash used in investing activities	(90,375		)	(92,927		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings on senior secured credit facility	597,500			759,800
Repayments on senior secured credit facility	(620,600		)	(638,300		)
Net proceeds from issuance of preferred units (Note 10)	49,400			—
Repayment of senior unsecured notes	—			(145,170		)
Debt issuance costs	—			(242		)
Contributions from noncontrolling interests	3,605			1,980
Distributions to common unitholders	(202,256		)	(191,224		)
Distributions to preferred unitholders	(24,822		)	—
Other, net	2,128			1,356
Net cash used in financing activities	(195,045		)	(211,800		)
Net increase in cash and cash equivalents	46,309			2,837
Cash and cash equivalents at beginning of period	10,300			9,041
Cash and cash equivalents at end of period	$	56,609		$	11,878

The accompanying notes are an integral part of these Unaudited Condensed Consolidated Financial Statements.

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GENESIS ENERGY, L.P.

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

1. Organization and Basis of Presentation and Consolidation

Organization

We are a growth-oriented master limited partnership formed in Delaware in 1996 and focused on the midstream segment of the crude oil and natural gas industry in the Gulf Coast region of the United States and the Gulf of Mexico. We provide an integrated suite of services to refiners, crude oil and natural gas producers, and industrial and commercial enterprises and have a diverse portfolio of assets, including pipelines, offshore hub and junction platforms, our soda ash business (our "Alkali Business"), refinery-related plants, storage tanks and terminals, railcars, rail unloading facilities, barges and other vessels, and trucks. We are owned 100% by our limited partners. Genesis Energy, LLC, our general partner, is a wholly-owned subsidiary. Our general partner has sole responsibility for conducting our business and managing our operations. We conduct our operations and own our operating assets through our subsidiaries and joint ventures.

We currently manage our businesses through the following four divisions that constitute our reportable segments:


•	Offshore pipeline transportation and processing of crude oil and natural gas in the Gulf of Mexico;


•	Sodium minerals and sulfur services involving trona and trona-based exploring, mining, processing, producing, marketing and selling activities, as well as processing of high sulfur (or "sour") gas streams for refineries to remove the sulfur, and selling the related by-product, sodium hydrosulfide (or "NaHS", commonly pronounced "nash");


•	Onshore facilities and transportation, which include terminalling, blending, storing, marketing, and transporting crude oil, petroleum products, and CO₂; and


•	Marine transportation to provide waterborne transportation of petroleum products and crude oil throughout North America.

Basis of Presentation and Consolidation

The accompanying Unaudited Condensed Consolidated Financial Statements include Genesis Energy, L.P. and its subsidiaries, including our general partner, Genesis Energy, LLC.

Our results of operations for the interim periods shown in this report are not necessarily indicative of results to be expected for the fiscal year. The Condensed Consolidated Financial Statements included herein have been prepared by us without audit pursuant to the rules and regulations of the Securities and Exchange Commission ("SEC"). Accordingly, they reflect all adjustments (which consist solely of normal recurring adjustments) that are, in the opinion of management, necessary for a fair presentation of the financial results for interim periods. Certain information and notes normally included in annual financial statements prepared in accordance with U.S. generally accepted accounting principles ("GAAP") have been condensed or omitted pursuant to such rules and regulations. However, we believe that the disclosures are adequate to make the information presented not misleading when read in conjunction with the information contained in the periodic reports we file with the SEC pursuant to the Securities Exchange Act of 1934, including the Consolidated Financial Statements and notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2018.

Except per unit amounts, or as noted within the context of each footnote disclosure, the dollar amounts presented in the tabular data within these footnote disclosures are stated in thousands of dollars.

2. Recent Accounting Developments

Recently Adopted

We have adopted guidance under ASC Topic 606, Revenue from Contracts with Customers, and all related ASUs (collectively "ASC 606") as of January 1, 2018 utilizing the modified retrospective method of adoption. Our equity method investment, Poseidon Oil Pipeline Company, LLC (“Poseidon”), adopted ASC 606 on January 1, 2019. The adoption did not have an impact to our investment balance or equity in earnings at the transition date or at September 30, 2019. Refer to Note 3 for further details.

We have adopted guidance under ASC Topic 842, Lease Accounting ("ASC 842"), as of January 1, 2019 utilizing the modified retrospective method of adoption. Additionally, we elected to implement the practical expedients that pertain to easements, separation of lease components, and the package of practical expedients which among other things, allows us to carry over previous lease conclusions reached under ASC 840. As a result of adopting the new lease standard, we recorded an operating lease right of use asset of approximately $209 million with a corresponding lease liability as of the transition date. Refer to Note 4 for further details.

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GENESIS ENERGY, L.P.

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

Recently Issued

In June 2016, the FASB issued ASU 2016-13 “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” ("ASU 2016-13"). ASU 2016-13 changes the impairment model for most financial assets and certain other instruments. For trade and other receivables, held-to-maturity debt securities, loans, and other instruments, entities will be required to use a new forward-looking “expected loss” model that generally will result in the earlier recognition of allowances for losses. The guidance also requires increased disclosures. ASU 2016-13 is effective for interim and annual periods beginning after December 15, 2019. Early adoption is permitted. The standard requires varying transition methods for the different categories of amendments. We have performed a preliminary assessment which consisted of reviewing current and historical information pertaining to our trade accounts receivable and existing contract assets. We do not expect that the adoption of ASU 2016-03 will have a material impact on our financial statements.

3. Revenue Recognition

Revenue from Contracts with Customers

The following tables reflect the disaggregation of our revenues by major category for the three months ended September 30, 2019 and 2018, respectively:



	Three Months Ended September 30, 2019
	Onshore Facilities & Transportation		Sodium Minerals & Sulfur Services		Offshore Pipeline Transportation		Marine Transportation		Consolidated
Fee-based revenues	$	36,937	$	—	$	79,738	$	59,404	$	176,079
Product Sales	168,091		259,332		—		—		427,423
Refinery Services	—		18,195		—		—		18,195
	$	205,028	$	277,527	$	79,738	$	59,404	$	621,697



	Three Months Ended September 30, 2018
	Onshore Facilities & Transportation		Sodium Minerals & Sulfur Services		Offshore Pipeline Transportation		Marine Transportation		Consolidated
Fee-based revenues	$	42,188	$	—	$	70,115	$	56,296	$	168,599
Product Sales	284,957		268,207		—		—		553,164
Refinery Services	—		23,515		—		—		23,515
	$	327,145	$	291,722

Closing Price ($)	Shares Out (MM)	Market Cap ($MM)
$0.00	-0	$-0

10-Q	2019-11-06	Quarter: 2019-09-30
10-Q	2019-08-06	Quarter: 2019-06-30
10-Q	2019-05-03	Quarter: 2019-03-31
10-K	2019-02-28	Annual: 2018-12-31
10-Q	2018-11-01	Quarter: 2018-09-30
10-Q	2018-08-08	Quarter: 2018-06-30
10-Q	2018-05-04	Quarter: 2018-03-31
10-K	2018-02-26	Annual: 2017-12-31
10-Q	2017-11-03	Quarter: 2017-09-30
10-Q	2017-08-03	Quarter: 2017-06-30
10-Q	2017-05-04	Quarter: 2017-03-31
10-K	2017-02-27	Annual: 2016-12-31
10-Q	2016-11-03	Quarter: 2016-09-30
10-Q	2016-08-03	Quarter: 2016-06-30
10-Q	2016-05-04	Quarter: 2016-03-31
10-K	2016-02-26	Annual: 2015-12-31
10-Q	2015-11-06	Quarter: 2015-09-30
10-Q	2015-07-29	Quarter: 2015-06-30
10-Q	2015-04-29	Quarter: 2015-03-31
10-K	2015-02-27	Annual: 2014-12-31
10-Q	2014-10-31	Quarter: 2014-09-30
10-Q	2014-08-06	Quarter: 2014-06-30
10-Q	2014-05-02	Quarter: 2014-03-31
10-K	2014-02-27	Annual: 2013-12-31
10-Q	2013-11-01	Quarter: 2013-09-30
10-Q	2013-08-01	Quarter: 2013-06-30
10-Q	2013-05-02	Quarter: 2013-03-31
10-K	2013-02-26	Annual: 2012-12-31
10-Q	2012-11-06	Quarter: 2012-09-30
10-Q	2012-08-03	Quarter: 2012-06-30
10-Q	2012-05-04	Quarter: 2012-03-31
10-K	2012-02-29	Annual: 2011-12-31
10-Q	2011-11-08	Quarter: 2011-09-30
10-Q	2011-08-08	Quarter: 2011-06-30
10-Q	2011-05-10	Quarter: 2011-03-31
10-K	2011-03-16	Annual: 2010-12-31
10-Q	2010-11-03	Quarter: 2010-09-30
10-Q	2010-08-06	Quarter: 2010-06-30
10-Q	2010-05-10	Quarter: 2010-03-31
10-K	2010-02-26	Annual: 2009-12-31

8-K	2020-01-16	Enter Agreement, Other Events, Exhibits
8-K	2020-01-09	Enter Agreement, Regulation FD, Exhibits
8-K	2020-01-08	Regulation FD, Exhibits
8-K	2019-12-19	Other Events, Exhibits
8-K	2019-11-06	Earnings, Exhibits
8-K	2019-09-23	Enter Agreement, Regulation FD, Other Events, Exhibits
8-K	2019-08-06	Earnings, Exhibits
8-K	2019-06-06
8-K	2019-05-02	Earnings, Exhibits
8-K	2019-03-01	Officers
8-K	2019-02-20	Earnings, Exhibits
8-K	2018-11-01	Earnings, Exhibits
8-K	2018-10-11	Enter Agreement, Other Events, Exhibits
8-K	2018-08-28	Enter Agreement, Exhibits
8-K	2018-08-08	Earnings, Exhibits
8-K	2018-05-04	Earnings, Exhibits
8-K	2018-04-20	Exhibits
8-K	2018-02-15	Earnings, Exhibits
8-K	2018-01-16	Other Events, Exhibits
8-K	2018-01-10	Officers
8-K	2017-12-31	Shareholder Rights, Amend Bylaw, Exhibits

EX-31.1	gel9302019exhibit311.htm
EX-31.2	gel9302019exhibit312.htm
EX-32	gel9302019exhibit32.htm
EX-95	gel9302019exhibit95.htm