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10-Q Filing

NUSTAR ENERGY L.P. CIK: 1110805 Q1 2014
Filing Information
Form Type 10-Q
Accession Number 0001110805-14-000018
Period End Date 20140331
Filing Date 20140508
Fiscal Year 2014
Fiscal Period Q1
XBRL Instance ns-20140331.xml
Filing Contents

This filing contains the following financial statements:

Balance Sheet 82 line items
Line Item Tag Value Unit Period
Allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $252.00K USD Point-in-time
Allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $1.22M USD Point-in-time
Limited partners common units outstanding LimitedPartnersCapitalAccountUnitsOutstanding 77.89M shares Point-in-time
Limited partners common units outstanding LimitedPartnersCapitalAccountUnitsOutstanding 77.89M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $116.51M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $83.60M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $42.60M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $100.74M USD Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $252 and $1,224 as of March 31, 2014 and December 31, 2013, respectively AccountsReceivableNetCurrent $304.06M USD Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $252 and $1,224 as of March 31, 2014 and December 31, 2013, respectively AccountsReceivableNetCurrent $281.31M USD Point-in-time
Receivable from related parties DueFromRelatedPartiesCurrent $212.00K USD Point-in-time
Receivable from related parties DueFromRelatedPartiesCurrent $51.08M USD Point-in-time
Inventories InventoryNet $138.15M USD Point-in-time
Inventories InventoryNet $102.65M USD Point-in-time
Income tax receivable IncomeTaxesReceivable $826.00K USD Point-in-time
Income tax receivable IncomeTaxesReceivable $3.52M USD Point-in-time
Other current assets OtherAssetsCurrent $36.79M USD Point-in-time
Other current assets OtherAssetsCurrent $39.45M USD Point-in-time
Assets held for sale AssetsHeldForSaleCurrent $19.92M USD Point-in-time
Assets held for sale AssetsHeldForSaleCurrent $21.99M USD Point-in-time
Total current assets AssetsCurrent $509.74M USD Point-in-time
Total current assets AssetsCurrent $633.55M USD Point-in-time
Property, plant and equipment, at cost PropertyPlantAndEquipmentGross $4.50B USD Point-in-time
Property, plant and equipment, at cost PropertyPlantAndEquipmentGross $4.55B USD Point-in-time
Accumulated depreciation and amortization AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $1.19B USD Point-in-time
Accumulated depreciation and amortization AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $1.23B USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $3.32B USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $3.31B USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $68.10M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $71.25M USD Point-in-time
Goodwill Goodwill $617.43M USD Point-in-time
Goodwill Goodwill $617.43M USD Point-in-time
Investment in joint ventures EquityMethodInvestments $70.34M USD Point-in-time
Investment in joint ventures EquityMethodInvestments $68.73M USD Point-in-time
Deferred income tax asset DeferredTaxAssetsNetNoncurrent $5.77M USD Point-in-time
Deferred income tax asset DeferredTaxAssetsNetNoncurrent $4.08M USD Point-in-time
Note receivable from related party NotesReceivableRelatedPartiesNoncurrent $165.44M USD Point-in-time
Note receivable from related party NotesReceivableRelatedPartiesNoncurrent - USD Point-in-time
Other long-term assets, net OtherAssetsNoncurrent $159.36M USD Point-in-time
Other long-term assets, net OtherAssetsNoncurrent $324.82M USD Point-in-time
Total assets Assets $5.03B USD Point-in-time
Total assets Assets $4.91B USD Point-in-time
Accounts payable AccountsPayableCurrent $196.53M USD Point-in-time
Accounts payable AccountsPayableCurrent $298.75M USD Point-in-time
Payable to related party DueToRelatedPartiesCurrent $13.61M USD Point-in-time
Payable to related party DueToRelatedPartiesCurrent $8.32M USD Point-in-time
Accrued interest payable InterestPayableCurrent $33.11M USD Point-in-time
Accrued interest payable InterestPayableCurrent $27.40M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $38.63M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $29.51M USD Point-in-time
Taxes other than income tax OtherAccruedTaxesCurrent $9.74M USD Point-in-time
Taxes other than income tax OtherAccruedTaxesCurrent $9.00M USD Point-in-time
Income tax payable AccruedIncomeTaxesCurrent $5.36M USD Point-in-time
Income tax payable AccruedIncomeTaxesCurrent $4.01M USD Point-in-time
Total current liabilities LiabilitiesCurrent $392.57M USD Point-in-time
Total current liabilities LiabilitiesCurrent $281.40M USD Point-in-time
Long-term debt LongTermDebtNoncurrent $2.66B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $2.71B USD Point-in-time
Long-term payable to related party DueToRelatedPartiesNoncurrent $39.44M USD Point-in-time
Long-term payable to related party DueToRelatedPartiesNoncurrent $41.14M USD Point-in-time
Deferred income tax liability DeferredTaxLiabilitiesNoncurrent $28.35M USD Point-in-time
Deferred income tax liability DeferredTaxLiabilitiesNoncurrent $27.35M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $11.84M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $11.78M 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, 2014 and December 31, 2013) LimitedPartnersCapitalAccount $1.86B USD Point-in-time
Limited partners (77,886,078 common units outstanding as of March 31, 2014 and December 31, 2013) LimitedPartnersCapitalAccount $1.92B USD Point-in-time
General partner GeneralPartnersCapitalAccount $42.42M USD Point-in-time
General partner GeneralPartnersCapitalAccount $43.80M USD Point-in-time
Accumulated Other Comprehensive Income (Loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-63.39M USD Point-in-time
Accumulated Other Comprehensive Income (Loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-64.87M USD Point-in-time
Total NuStar Energy L.P. partners' equity PartnersCapital $1.84B USD Point-in-time
Total NuStar Energy L.P. partners' equity PartnersCapital $1.90B USD Point-in-time
Noncontrolling interest MinorityInterest $1.66M USD Point-in-time
Noncontrolling interest MinorityInterest $1.11M USD Point-in-time
Total partners equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.58B USD Point-in-time
Total partners equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.51B USD Point-in-time
Total partners equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.84B USD Point-in-time
Total partners equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.90B USD Point-in-time
Total liabilities and partners' equity LiabilitiesAndStockholdersEquity $5.03B USD Point-in-time
Total liabilities and partners' equity LiabilitiesAndStockholdersEquity $4.91B USD Point-in-time
Income Statement 62 line items
Line Item Tag Value Unit Period
Service revenues SalesRevenueServicesNet $229.34M USD 1 Quarter
Service revenues SalesRevenueServicesNet $225.76M USD 1 Quarter
Product sales SalesRevenueGoodsNet $772.43M USD 1 Quarter
Product sales SalesRevenueGoodsNet $619.88M USD 1 Quarter
Total revenues SalesRevenueNet $849.21M USD 1 Quarter
Total revenues SalesRevenueNet $998.19M USD 1 Quarter
Cost of product sales CostOfGoodsSold $594.96M USD 1 Quarter
Cost of product sales CostOfGoodsSold $752.25M USD 1 Quarter
Third parties OtherCostAndExpenseOperating $77.41M USD 1 Quarter
Third parties OtherCostAndExpenseOperating $81.80M USD 1 Quarter
Related party RelatedPartyOperatingExpenses $28.66M USD 1 Quarter
Related party RelatedPartyOperatingExpenses $31.71M USD 1 Quarter
Total operating expenses OperatingCostsAndExpenses $106.06M USD 1 Quarter
Total operating expenses OperatingCostsAndExpenses $113.52M USD 1 Quarter
Third parties OtherGeneralAndAdministrativeExpense $8.71M USD 1 Quarter
Third parties OtherGeneralAndAdministrativeExpense $6.76M USD 1 Quarter
Related party RelatedPartyGeneralAndAdministrativeExpense $18.78M USD 1 Quarter
Related party RelatedPartyGeneralAndAdministrativeExpense $14.09M USD 1 Quarter
Total general and administrative expenses GeneralAndAdministrativeExpense $27.49M USD 1 Quarter
Total general and administrative expenses GeneralAndAdministrativeExpense $20.86M USD 1 Quarter
Depreciation and amortization expense DepreciationDepletionAndAmortization $46.23M USD 1 Quarter
Depreciation and amortization expense DepreciationDepletionAndAmortization $41.56M USD 1 Quarter
Total costs and expenses CostsAndExpenses $934.83M USD 1 Quarter
Total costs and expenses CostsAndExpenses $768.11M USD 1 Quarter
Operating income OperatingIncomeLoss $63.36M USD 1 Quarter
Operating income OperatingIncomeLoss $81.10M USD 1 Quarter
Equity in loss of joint ventures IncomeLossFromEquityMethodInvestments $-11.14M USD 1 Quarter
Equity in loss of joint ventures IncomeLossFromEquityMethodInvestments $-4.31M USD 1 Quarter
Interest expense, net InterestIncomeExpenseNonoperatingNet $-34.42M USD 1 Quarter
Interest expense, net InterestIncomeExpenseNonoperatingNet $-30.99M USD 1 Quarter
Interest income from related party InterestIncomeRelatedParty $1.12M USD 1 Quarter
Interest income from related party InterestIncomeRelatedParty $1.05M USD 1 Quarter
Other income, net OtherNonoperatingIncomeExpense $3.68M USD 1 Quarter
Other income, net OtherNonoperatingIncomeExpense $344.00K USD 1 Quarter
Income from continuing operations before income tax (benefit) expense IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $47.11M USD 1 Quarter
Income from continuing operations before income tax (benefit) expense IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $22.69M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $3.09M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $4.12M USD 1 Quarter
Income from continuing operations IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest $19.60M USD 1 Quarter
Income from continuing operations IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest $43.00M USD 1 Quarter
(Loss) income from discontinued operations, net of tax IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity $-3.36M USD 1 Quarter
(Loss) income from discontinued operations, net of tax IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity $4.80M USD 1 Quarter
Net income ProfitLoss $39.64M USD 1 Quarter
Net income ProfitLoss $24.40M USD 1 Quarter
Less net loss attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $-107.00K USD 1 Quarter
Less net loss attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $-161.00K USD 1 Quarter
Net income attributable to NuStar Energy L.P. NetIncomeLoss $24.57M USD 1 Quarter
Net income attributable to NuStar Energy L.P. NetIncomeLoss $39.74M USD 1 Quarter
Continuing operations IncomeLossFromContinuingOperationsPerOutstandingLimitedPartnershipUnitBasicNetOfTax $0.40 USD 1 Quarter
Continuing operations IncomeLossFromContinuingOperationsPerOutstandingLimitedPartnershipUnitBasicNetOfTax $0.10 USD 1 Quarter
Discontinued operations IncomeLossFromDiscontinuedOperationsNetOfTaxPerOutstandingLimitedPartnershipUnitBasic $-0.04 USD 1 Quarter
Discontinued operations IncomeLossFromDiscontinuedOperationsNetOfTaxPerOutstandingLimitedPartnershipUnitBasic $0.07 USD 1 Quarter
Total (Note 10) NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax $0.36 USD 1 Quarter
Total (Note 10) NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax $0.17 USD 1 Quarter
Weighted-average limited partner units outstanding WeightedAverageLimitedPartnershipUnitsOutstanding 77.89M shares 1 Quarter
Weighted-average limited partner units outstanding WeightedAverageLimitedPartnershipUnitsOutstanding 77.89M shares 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $37.72M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $22.01M USD 1 Quarter
Less comprehensive loss attributable to noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $-552.00K USD 1 Quarter
Less comprehensive loss attributable to noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $-448.00K USD 1 Quarter
Comprehensive income attributable to NuStar Energy L.P. ComprehensiveIncomeNetOfTax $22.46M USD 1 Quarter
Comprehensive income attributable to NuStar Energy L.P. ComprehensiveIncomeNetOfTax $38.27M USD 1 Quarter
Cash Flow Statement 62 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $39.64M USD 1 Quarter
Net income ProfitLoss $24.40M USD 1 Quarter
Depreciation and amortization expense DepreciationDepletionAndAmortizationFromContinuingAndDiscontinuedOperations $42.93M USD 1 Quarter
Depreciation and amortization expense DepreciationDepletionAndAmortizationFromContinuingAndDiscontinuedOperations $46.23M USD 1 Quarter
Amortization of debt related items AmortizationOfFinancingCostsAndDiscounts $-1.17M USD 1 Quarter
Amortization of debt related items AmortizationOfFinancingCostsAndDiscounts $2.42M USD 1 Quarter
Gain from sale or disposition of assets GainLossOnDispositionOfAssets1 $9.20M USD 1 Quarter
Gain from sale or disposition of assets GainLossOnDispositionOfAssets1 $24.00K USD 1 Quarter
Asset impairment loss AssetImpairmentCharges - USD 1 Quarter
Asset impairment loss AssetImpairmentCharges $2.07M USD 1 Quarter
Deferred income tax expense (benefit) DeferredIncomeTaxExpenseBenefit $-1.19M USD 1 Quarter
Deferred income tax expense (benefit) DeferredIncomeTaxExpenseBenefit $3.05M USD 1 Quarter
Equity in loss of joint ventures IncomeLossFromEquityMethodInvestments $-11.14M USD 1 Quarter
Equity in loss of joint ventures IncomeLossFromEquityMethodInvestments $-4.31M 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 $2.37M USD 1 Quarter
Changes in current assets and current liabilities (Note 11) IncreaseDecreaseInOperatingCapital $38.80M USD 1 Quarter
Changes in current assets and current liabilities (Note 11) IncreaseDecreaseInOperatingCapital $-73.59M USD 1 Quarter
Other, net OtherNoncashIncomeExpense $-2.06M USD 1 Quarter
Other, net OtherNoncashIncomeExpense $742.00K USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $144.40M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $63.33M USD 1 Quarter
Capital expenditures PaymentsToAcquireProductiveAssets $54.49M USD 1 Quarter
Capital expenditures PaymentsToAcquireProductiveAssets $52.56M USD 1 Quarter
Change in accounts payable related to capital expenditures CapitalExpendituresIncurredButNotYetPaid $8.56M USD 1 Quarter
Change in accounts payable related to capital expenditures CapitalExpendituresIncurredButNotYetPaid - USD 1 Quarter
Proceeds from sale or disposition of assets ProceedsFromSaleOfProductiveAssets $112.72M USD 1 Quarter
Proceeds from sale or disposition of assets ProceedsFromSaleOfProductiveAssets $66.00K USD 1 Quarter
Increase in note receivable from related party ProceedsFromPaymentsForLongTermLoansForRelatedParties $-63.49M USD 1 Quarter
Increase in note receivable from related party ProceedsFromPaymentsForLongTermLoansForRelatedParties $-13.33M USD 1 Quarter
Other, net PaymentsForProceedsFromOtherInvestingActivities $23.00K USD 1 Quarter
Other, net PaymentsForProceedsFromOtherInvestingActivities $-220.00K USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-76.33M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-3.12M USD 1 Quarter
Proceeds from long-term debt borrowings ProceedsFromIssuanceOfLongTermDebt $334.23M USD 1 Quarter
Proceeds from long-term debt borrowings ProceedsFromIssuanceOfLongTermDebt $245.21M USD 1 Quarter
Proceeds from note offering, net of issuance costs ProceedsFromIssuanceOfOtherLongTermDebt - USD 1 Quarter
Proceeds from note offering, net of issuance costs ProceedsFromIssuanceOfOtherLongTermDebt $391.22M USD 1 Quarter
Long-term debt repayments RepaymentsOfLongTermDebt $718.21M USD 1 Quarter
Long-term debt repayments RepaymentsOfLongTermDebt $189.28M USD 1 Quarter
Short-term debt repayments RepaymentsOfShortTermDebt $577.00K USD 1 Quarter
Short-term debt repayments RepaymentsOfShortTermDebt - USD 1 Quarter
Distributions to unitholders and general partner PaymentsOfDividends $98.05M USD 1 Quarter
Distributions to unitholders and general partner PaymentsOfDividends $98.05M USD 1 Quarter
Payments for termination of interest rate swaps ProceedsPaymentFromTerminationOfInterestRateSwaps - USD 1 Quarter
Payments for termination of interest rate swaps ProceedsPaymentFromTerminationOfInterestRateSwaps $-16.25M USD 1 Quarter
Other, net ProceedsFromPaymentsForOtherFinancingActivities $-584.00K USD 1 Quarter
Other, net ProceedsFromPaymentsForOtherFinancingActivities $76.00K USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-42.70M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-107.57M USD 1 Quarter
Effect of foreign exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $-2.44M USD 1 Quarter
Effect of foreign exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $-802.00K USD 1 Quarter
Net (decrease) increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $32.91M USD 1 Quarter
Net (decrease) increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-58.15M USD 1 Quarter
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 beginning of the period CashAndCashEquivalentsAtCarryingValue $83.60M USD Point-in-time
Cash and cash equivalents as of the beginning of the period CashAndCashEquivalentsAtCarryingValue $42.60M USD Point-in-time
Cash and cash equivalents as of the beginning of the period CashAndCashEquivalentsAtCarryingValue $100.74M USD Point-in-time
Cash and cash equivalents as of the end of the period CashAndCashEquivalentsAtCarryingValue $116.51M 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 $42.60M USD Point-in-time
Cash and cash equivalents as of the end of the period CashAndCashEquivalentsAtCarryingValue $100.74M USD Point-in-time

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

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