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10-Q Filing

NUSTAR ENERGY L.P. CIK: 1110805 Q1 2013
Filing Information
Form Type 10-Q
Accession Number 0001110805-13-000005
Period End Date 20130331
Filing Date 20130508
Fiscal Year 2013
Fiscal Period Q1
XBRL Instance ns-20130331.xml
Filing Contents

This filing contains the following financial statements:

Balance Sheet 84 line items
Line Item Tag Value Unit Period
Allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $808.00K USD Point-in-time
Allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $837.00K USD Point-in-time
Common units outstanding LimitedPartnersCapitalAccountUnitsOutstanding 77.89M shares Point-in-time
Common units outstanding LimitedPartnersCapitalAccountUnitsOutstanding 77.89M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $17.50M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $83.60M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $37.70M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $116.51M USD Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $837 and $808 as of March 31, 2013 and December 31, 2012, respectively AccountsReceivableNetCurrent $387.94M USD Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $837 and $808 as of March 31, 2013 and December 31, 2012, respectively AccountsReceivableNetCurrent $336.76M USD Point-in-time
Receivable from related parties DueFromRelatedPartiesCurrent $109.83M USD Point-in-time
Receivable from related parties DueFromRelatedPartiesCurrent $89.37M USD Point-in-time
Inventories InventoryNet $173.23M USD Point-in-time
Inventories InventoryNet $227.63M USD Point-in-time
Income tax receivable IncomeTaxReceivable $1.19M USD Point-in-time
Income tax receivable IncomeTaxReceivable $1.26M USD Point-in-time
Other current assets OtherAssetsCurrent $65.24M USD Point-in-time
Other current assets OtherAssetsCurrent $46.35M USD Point-in-time
Assets held for sale AssetsHeldForSaleCurrent $2.85M USD Point-in-time
Assets held for sale AssetsHeldForSaleCurrent $118.33M USD Point-in-time
Total current assets AssetsCurrent $939.44M USD Point-in-time
Total current assets AssetsCurrent $820.65M USD Point-in-time
Property, plant and equipment, at cost PropertyPlantAndEquipmentGross $4.29B USD Point-in-time
Property, plant and equipment, at cost PropertyPlantAndEquipmentGross $4.32B USD Point-in-time
Accumulated depreciation and amortization AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $1.05B USD Point-in-time
Accumulated depreciation and amortization AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $1.08B USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $3.24B USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $3.24B USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $92.44M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $88.94M USD Point-in-time
Goodwill Goodwill $950.59M USD Point-in-time
Goodwill Goodwill $951.02M USD Point-in-time
Investment in joint ventures EquityMethodInvestments $87.57M USD Point-in-time
Investment in joint ventures EquityMethodInvestments $102.94M USD Point-in-time
Deferred income tax asset DeferredTaxAssetsNetNoncurrent $3.83M USD Point-in-time
Deferred income tax asset DeferredTaxAssetsNetNoncurrent $3.11M USD Point-in-time
Note receivable from related party NotesReceivableRelatedPartiesNoncurrent $159.20M USD Point-in-time
Note receivable from related party NotesReceivableRelatedPartiesNoncurrent $95.71M USD Point-in-time
Other long-term assets, net OtherAssetsNoncurrent $196.70M USD Point-in-time
Other long-term assets, net OtherAssetsNoncurrent $189.96M USD Point-in-time
Total assets Assets $5.61B USD Point-in-time
Total assets Assets $5.55B USD Point-in-time
Current portion of long-term debt LongTermDebtCurrent $282.25M USD Point-in-time
Current portion of long-term debt LongTermDebtCurrent $286.42M USD Point-in-time
Accounts payable AccountsPayableCurrent $397.63M USD Point-in-time
Accounts payable AccountsPayableCurrent $428.84M USD Point-in-time
Payable to related party DueToRelatedPartiesCurrent $11.76M USD Point-in-time
Payable to related party DueToRelatedPartiesCurrent $1.41M USD Point-in-time
Accrued interest payable InterestPayableCurrent $23.74M USD Point-in-time
Accrued interest payable InterestPayableCurrent $30.54M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $124.20M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $80.40M USD Point-in-time
Taxes other than income tax OtherAccruedTaxesCurrent $9.89M USD Point-in-time
Taxes other than income tax OtherAccruedTaxesCurrent $7.77M USD Point-in-time
Income tax payable AccruedIncomeTaxesCurrent $2.67M USD Point-in-time
Income tax payable AccruedIncomeTaxesCurrent $4.81M USD Point-in-time
Total current liabilities LiabilitiesCurrent $846.37M USD Point-in-time
Total current liabilities LiabilitiesCurrent $845.97M USD Point-in-time
Long-term debt, less current portion LongTermDebtNoncurrent $2.12B USD Point-in-time
Long-term debt, less current portion LongTermDebtNoncurrent $2.14B USD Point-in-time
Long-term payable to related party DueToRelatedPartiesNoncurrent $18.81M USD Point-in-time
Long-term payable to related party DueToRelatedPartiesNoncurrent $18.07M USD Point-in-time
Deferred income tax liability DeferredTaxLiabilitiesNoncurrent $30.29M USD Point-in-time
Deferred income tax liability DeferredTaxLiabilitiesNoncurrent $32.11M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $7.36M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $6.31M USD Point-in-time
Commitments and contingencies (Note 5) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (Note 5) CommitmentsAndContingencies - USD Point-in-time
Limited partners (77,886,078 common units outstanding as of March 31, 2013 and December 31, 2012) LimitedPartnersCapitalAccount $2.50B USD Point-in-time
Limited partners (77,886,078 common units outstanding as of March 31, 2013 and December 31, 2012) LimitedPartnersCapitalAccount $2.57B USD Point-in-time
General partner GeneralPartnersCapitalAccount $56.30M USD Point-in-time
General partner GeneralPartnersCapitalAccount $57.99M USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-58.87M USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-60.97M USD Point-in-time
Total NuStar Energy L.P. partners' equity PartnersCapital $2.57B USD Point-in-time
Total NuStar Energy L.P. partners' equity PartnersCapital $2.50B USD Point-in-time
Noncontrolling interest MinorityInterest $12.16M USD Point-in-time
Noncontrolling interest MinorityInterest $12.61M USD Point-in-time
Total partners equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.51B USD Point-in-time
Total partners equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.76B USD Point-in-time
Total partners equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.58B USD Point-in-time
Total partners equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.86B USD Point-in-time
Total liabilities and partners' equity LiabilitiesAndStockholdersEquity $5.61B USD Point-in-time
Total liabilities and partners' equity LiabilitiesAndStockholdersEquity $5.55B USD Point-in-time
Income Statement 66 line items
Line Item Tag Value Unit Period
Third parties ThirdPartyServiceRevenue $225.27M USD 1 Quarter
Third parties ThirdPartyServiceRevenue $209.02M USD 1 Quarter
Related party RevenueFromRelatedParties $697.00K USD 1 Quarter
Related party RevenueFromRelatedParties $2.01M USD 1 Quarter
Total service revenues SalesRevenueServicesNet $209.72M USD 1 Quarter
Total service revenues SalesRevenueServicesNet $227.28M USD 1 Quarter
Product sales SalesRevenueGoodsNet $1.40B USD 1 Quarter
Product sales SalesRevenueGoodsNet $772.43M USD 1 Quarter
Total revenues SalesRevenueNet $999.71M USD 1 Quarter
Total revenues SalesRevenueNet $1.61B USD 1 Quarter
Cost of product sales CostOfGoodsSold $752.25M USD 1 Quarter
Cost of product sales CostOfGoodsSold $1.35B USD 1 Quarter
Third parties OtherCostAndExpenseOperating $88.34M USD 1 Quarter
Third parties OtherCostAndExpenseOperating $84.58M USD 1 Quarter
Related party RelatedPartyOperatingExpenses $36.78M USD 1 Quarter
Related party RelatedPartyOperatingExpenses $32.99M USD 1 Quarter
Total operating expenses OperatingCostsAndExpenses $117.57M USD 1 Quarter
Total operating expenses OperatingCostsAndExpenses $125.11M USD 1 Quarter
Third parties OtherGeneralAndAdministrativeExpense $8.71M USD 1 Quarter
Third parties OtherGeneralAndAdministrativeExpense $8.02M USD 1 Quarter
Related party RelatedPartyGeneralAndAdministrativeExpense $19.15M USD 1 Quarter
Related party RelatedPartyGeneralAndAdministrativeExpense $18.78M USD 1 Quarter
Total general and administrative expenses GeneralAndAdministrativeExpense $27.17M USD 1 Quarter
Total general and administrative expenses GeneralAndAdministrativeExpense $27.49M USD 1 Quarter
Depreciation and amortization expense DepreciationDepletionAndAmortization $43.58M USD 1 Quarter
Depreciation and amortization expense DepreciationDepletionAndAmortization $42.93M USD 1 Quarter
Total costs and expenses CostsAndExpenses $1.55B USD 1 Quarter
Total costs and expenses CostsAndExpenses $940.25M USD 1 Quarter
Operating income (loss) OperatingIncomeLoss $59.46M USD 1 Quarter
Operating income (loss) OperatingIncomeLoss $59.02M USD 1 Quarter
Equity in earnings (loss) of joint ventures IncomeLossFromEquityMethodInvestments $-11.14M USD 1 Quarter
Equity in earnings (loss) of joint ventures IncomeLossFromEquityMethodInvestments $2.39M USD 1 Quarter
Interest expense, net InterestIncomeExpenseNonoperatingNet $-21.38M USD 1 Quarter
Interest expense, net InterestIncomeExpenseNonoperatingNet $-31.23M USD 1 Quarter
Interest income from related party InterestIncomeRelatedParty - USD 1 Quarter
Interest income from related party InterestIncomeRelatedParty $1.12M USD 1 Quarter
Other income (expense), net OtherNonoperatingIncomeExpense $368.00K USD 1 Quarter
Other income (expense), net OtherNonoperatingIncomeExpense $1.37M USD 1 Quarter
Income (loss) from continuing operations before income tax expense IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $41.40M USD 1 Quarter
Income (loss) from continuing operations before income tax expense IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $18.57M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $2.54M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $3.44M USD 1 Quarter
Income (loss) from continuing operations IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest $37.95M USD 1 Quarter
Income (loss) from continuing operations IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest $16.04M USD 1 Quarter
Income (loss) from discontinued operations, net of tax IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity $8.37M USD 1 Quarter
Income (loss) from discontinued operations, net of tax IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity $-11.70M USD 1 Quarter
Net income (loss) ProfitLoss $24.40M USD 1 Quarter
Net income (loss) ProfitLoss $26.25M USD 1 Quarter
Less net income (loss) attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $-97.00K USD 1 Quarter
Less net income (loss) attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $-161.00K USD 1 Quarter
Net income (loss) attributable to NuStar Energy L.P. NetIncomeLoss $24.57M USD 1 Quarter
Net income (loss) attributable to NuStar Energy L.P. NetIncomeLoss $26.35M USD 1 Quarter
Continuing operations IncomeLossFromContinuingOperationsPerOutstandingLimitedPartnershipUnitBasicNetOfTax $0.39 USD 1 Quarter
Continuing operations IncomeLossFromContinuingOperationsPerOutstandingLimitedPartnershipUnitBasicNetOfTax $0.06 USD 1 Quarter
Discontinued operations IncomeLossFromDiscontinuedOperationsPerOutstandingLimitedPartnershipUnitBasicNetOfTax $-0.16 USD 1 Quarter
Discontinued operations IncomeLossFromDiscontinuedOperationsPerOutstandingLimitedPartnershipUnitBasicNetOfTax $0.11 USD 1 Quarter
Total (Note 10) NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax $0.23 USD 1 Quarter
Total (Note 10) NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax $0.17 USD 1 Quarter
Weighted-average limited partner units outstanding WeightedAverageLimitedPartnershipUnitsOutstanding 70.76M shares 1 Quarter
Weighted-average limited partner units outstanding WeightedAverageLimitedPartnershipUnitsOutstanding 77.89M shares 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $22.01M USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-10.77M USD 1 Quarter
Less comprehensive income (loss) attributable to noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $1.02M USD 1 Quarter
Less comprehensive income (loss) attributable to noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $-448.00K USD 1 Quarter
Comprehensive income (loss) attributable to NuStar Energy L.P. ComprehensiveIncomeNetOfTax $-11.79M USD 1 Quarter
Comprehensive income (loss) attributable to NuStar Energy L.P. ComprehensiveIncomeNetOfTax $22.46M USD 1 Quarter
Cash Flow Statement 64 line items
Line Item Tag Value Unit Period
Net income (loss) ProfitLoss $24.40M USD 1 Quarter
Net income (loss) ProfitLoss $26.25M USD 1 Quarter
Depreciation and amortization expense DepreciationDepletionAndAmortizationFromContinuingAndDiscontinuedOperations $42.93M USD 1 Quarter
Depreciation and amortization expense DepreciationDepletionAndAmortizationFromContinuingAndDiscontinuedOperations $44.68M USD 1 Quarter
Amortization of debt related items AmortizationOfFinancingCostsAndDiscounts $-2.91M USD 1 Quarter
Amortization of debt related items AmortizationOfFinancingCostsAndDiscounts $-1.17M USD 1 Quarter
Gain (loss) from sale or disposition of assets GainLossOnDispositionOfAssets $137.00K USD 1 Quarter
Gain (loss) from sale or disposition of assets GainLossOnDispositionOfAssets $9.20M USD 1 Quarter
Deferred income tax expense (benefit) DeferredIncomeTaxExpenseBenefit $-1.19M USD 1 Quarter
Deferred income tax expense (benefit) DeferredIncomeTaxExpenseBenefit $-1.04M USD 1 Quarter
Equity in (earnings) loss of joint ventures IncomeLossFromEquityMethodInvestments $-11.14M USD 1 Quarter
Equity in (earnings) loss of joint ventures IncomeLossFromEquityMethodInvestments $2.39M USD 1 Quarter
Distributions of equity in earnings of joint ventures EquityMethodInvestmentDividendsOrDistributions $4.65M USD 1 Quarter
Distributions of equity in earnings of joint ventures EquityMethodInvestmentDividendsOrDistributions - USD 1 Quarter
Changes in current assets and current liabilities (Note 11) IncreaseDecreaseInOperatingCapital $-73.59M USD 1 Quarter
Changes in current assets and current liabilities (Note 11) IncreaseDecreaseInOperatingCapital $76.46M USD 1 Quarter
Other, net OtherNoncashIncomeExpense $-2.39M USD 1 Quarter
Other, net OtherNoncashIncomeExpense $742.00K USD 1 Quarter
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivities $144.40M USD 1 Quarter
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivities $-9.61M USD 1 Quarter
Reliability capital expenditures PaymentsForCapitalImprovements $5.74M USD 1 Quarter
Reliability capital expenditures PaymentsForCapitalImprovements $6.80M USD 1 Quarter
Strategic capital expenditures PaymentsToAcquireOtherPropertyPlantAndEquipment $93.48M USD 1 Quarter
Strategic capital expenditures PaymentsToAcquireOtherPropertyPlantAndEquipment $46.82M USD 1 Quarter
Investment in other long-term assets PaymentsToAcquireOtherProductiveAssets - USD 1 Quarter
Investment in other long-term assets PaymentsToAcquireOtherProductiveAssets $94.00K USD 1 Quarter
Proceeds from the San Antonio Refinery Sale ProceedsFromSaleOfSignificantProductiveAssets $112.72M USD 1 Quarter
Proceeds from the San Antonio Refinery Sale ProceedsFromSaleOfSignificantProductiveAssets - USD 1 Quarter
(Increase) decrease in note receivable from related party ProceedsFromPaymentsForLongTermLoansForRelatedParties - USD 1 Quarter
(Increase) decrease in note receivable from related party ProceedsFromPaymentsForLongTermLoansForRelatedParties $-63.49M USD 1 Quarter
Other, net PaymentsForProceedsFromOtherInvestingActivities $-164.00K USD 1 Quarter
Other, net PaymentsForProceedsFromOtherInvestingActivities $-220.00K USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-100.21M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-3.12M USD 1 Quarter
Proceeds from long-term debt borrowings ProceedsFromIssuanceOfLongTermDebt $454.12M USD 1 Quarter
Proceeds from long-term debt borrowings ProceedsFromIssuanceOfLongTermDebt $334.23M USD 1 Quarter
Proceeds from short-term debt borrowings ProceedsFromShortTermDebt - USD 1 Quarter
Proceeds from short-term debt borrowings ProceedsFromShortTermDebt $56.43M USD 1 Quarter
Proceeds from note offering, net of issuance costs ProceedsFromIssuanceOfOtherLongTermDebt $391.22M USD 1 Quarter
Proceeds from note offering, net of issuance costs ProceedsFromIssuanceOfOtherLongTermDebt $247.41M USD 1 Quarter
Long-term debt repayments RepaymentsOfLongTermDebt $453.94M USD 1 Quarter
Long-term debt repayments RepaymentsOfLongTermDebt $718.21M USD 1 Quarter
Short-term debt repayments RepaymentsOfShortTermDebt $577.00K USD 1 Quarter
Short-term debt repayments RepaymentsOfShortTermDebt $56.43M USD 1 Quarter
Distributions to unitholders and general partner PaymentsOfDividends $98.05M USD 1 Quarter
Distributions to unitholders and general partner PaymentsOfDividends $89.08M USD 1 Quarter
Proceeds from (payments for) termination of interest rate swaps ProceedsPaymentFromTerminationOfInterestRateSwaps $-16.25M USD 1 Quarter
Proceeds from (payments for) termination of interest rate swaps ProceedsPaymentFromTerminationOfInterestRateSwaps $-25.36M USD 1 Quarter
Other, net ProceedsFromPaymentsForOtherFinancingActivities $-3.23M USD 1 Quarter
Other, net ProceedsFromPaymentsForOtherFinancingActivities $76.00K USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $129.92M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $-107.57M USD 1 Quarter
Effect of foreign exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $-802.00K USD 1 Quarter
Effect of foreign exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $106.00K USD 1 Quarter
Net increase (decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $20.20M USD 1 Quarter
Net increase (decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $32.91M USD 1 Quarter
Cash and cash equivalents as of the beginning of the period CashAndCashEquivalentsAtCarryingValue $17.50M USD Point-in-time
Cash and cash equivalents as of the beginning of the period CashAndCashEquivalentsAtCarryingValue $83.60M USD Point-in-time
Cash and cash equivalents as of the beginning of the period CashAndCashEquivalentsAtCarryingValue $37.70M USD Point-in-time
Cash and cash equivalents as of the beginning of the period CashAndCashEquivalentsAtCarryingValue $116.51M USD Point-in-time
Cash and cash equivalents as of the end of the period CashAndCashEquivalentsAtCarryingValue $17.50M USD Point-in-time
Cash and cash equivalents as of the end of the period CashAndCashEquivalentsAtCarryingValue $83.60M USD Point-in-time
Cash and cash equivalents as of the end of the period CashAndCashEquivalentsAtCarryingValue $37.70M USD Point-in-time
Cash and cash equivalents as of the end of the period CashAndCashEquivalentsAtCarryingValue $116.51M USD Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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