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10-Q Filing

NUSTAR ENERGY L.P. CIK: 1110805 Q1 2015
Filing Information
Form Type 10-Q
Accession Number 0001110805-15-000016
Period End Date 20150331
Filing Date 20150507
Fiscal Year 2015
Fiscal Period Q1
XBRL Instance ns-20150331.xml
Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 line items
Line Item Tag Value Unit Period
Allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $7.79M USD Point-in-time
Allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $7.81M USD Point-in-time
Limited partners common units outstanding (in units) LimitedPartnersCapitalAccountUnitsOutstanding 77.89M shares Point-in-time
Limited partners common units outstanding (in units) LimitedPartnersCapitalAccountUnitsOutstanding 77.89M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $78.18M 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
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $87.91M USD Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $7,785 and $7,808 as of March 31, 2015 and December 31, 2014, respectively AccountsReceivableNetCurrent $208.31M USD Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $7,785 and $7,808 as of March 31, 2015 and December 31, 2014, respectively AccountsReceivableNetCurrent $189.66M USD Point-in-time
Receivable from related parties DueFromRelatedPartiesCurrent - USD Point-in-time
Receivable from related parties DueFromRelatedPartiesCurrent $164.00K USD Point-in-time
Inventories InventoryNet $43.69M USD Point-in-time
Inventories InventoryNet $55.71M USD Point-in-time
Other current assets OtherAssetsCurrent $24.68M USD Point-in-time
Other current assets OtherAssetsCurrent $35.94M USD Point-in-time
Assets held for sale AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent $1.10M USD Point-in-time
Assets held for sale AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent - USD Point-in-time
Total current assets AssetsCurrent $336.21M USD Point-in-time
Total current assets AssetsCurrent $389.15M USD Point-in-time
Property, plant and equipment, at cost PropertyPlantAndEquipmentGross $4.82B USD Point-in-time
Property, plant and equipment, at cost PropertyPlantAndEquipmentGross $4.98B USD Point-in-time
Accumulated depreciation and amortization AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $1.35B USD Point-in-time
Accumulated depreciation and amortization AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $1.39B USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $3.59B USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $3.46B USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $128.70M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $58.67M USD Point-in-time
Goodwill Goodwill $704.49M USD Point-in-time
Goodwill Goodwill $617.43M USD Point-in-time
Investment in joint venture EquityMethodInvestments - USD Point-in-time
Investment in joint venture EquityMethodInvestments $74.22M USD Point-in-time
Deferred income tax asset DeferredTaxAssetsNetNoncurrent $4.43M USD Point-in-time
Deferred income tax asset DeferredTaxAssetsNetNoncurrent $4.33M USD Point-in-time
Other long-term assets, net OtherAssetsNoncurrent $314.17M USD Point-in-time
Other long-term assets, net OtherAssetsNoncurrent $318.13M USD Point-in-time
Total assets Assets $4.92B USD Point-in-time
Total assets Assets $5.08B USD Point-in-time
Accounts payable AccountsPayableCurrent $162.06M USD Point-in-time
Accounts payable AccountsPayableCurrent $114.03M USD Point-in-time
Payable to related party DueToRelatedPartiesCurrent $16.81M USD Point-in-time
Payable to related party DueToRelatedPartiesCurrent $15.13M USD Point-in-time
Short-term debt ShortTermBorrowings $77.00M USD Point-in-time
Short-term debt ShortTermBorrowings $46.00M USD Point-in-time
Accrued interest payable InterestPayableCurrent $33.34M USD Point-in-time
Accrued interest payable InterestPayableCurrent $27.40M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $61.02M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $39.94M USD Point-in-time
Taxes other than income tax OtherAccruedTaxesCurrent $12.54M USD Point-in-time
Taxes other than income tax OtherAccruedTaxesCurrent $14.12M USD Point-in-time
Income tax payable AccruedIncomeTaxesCurrent $2.52M USD Point-in-time
Income tax payable AccruedIncomeTaxesCurrent $3.56M USD Point-in-time
Total current liabilities LiabilitiesCurrent $260.29M USD Point-in-time
Total current liabilities LiabilitiesCurrent $365.19M USD Point-in-time
Long-term debt LongTermDebtNoncurrent $2.75B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $2.99B USD Point-in-time
Long-term payable to related party DueToRelatedPartiesNoncurrent $33.54M USD Point-in-time
Long-term payable to related party DueToRelatedPartiesNoncurrent $35.22M USD Point-in-time
Deferred income tax liability DeferredTaxLiabilitiesNoncurrent $24.80M USD Point-in-time
Deferred income tax liability DeferredTaxLiabilitiesNoncurrent $27.31M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $27.10M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $50.47M 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, 2015 and December 31, 2014) LimitedPartnersCapitalAccount $1.74B USD Point-in-time
Limited partners (77,886,078 common units outstanding as of March 31, 2015 and December 31, 2014) LimitedPartnersCapitalAccount $1.77B USD Point-in-time
General partner GeneralPartnersCapitalAccount $39.31M USD Point-in-time
General partner GeneralPartnersCapitalAccount $39.69M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-67.91M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-88.01M USD Point-in-time
Total partners equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.73B 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 partners equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.72B USD Point-in-time
Total liabilities and partners' equity LiabilitiesAndStockholdersEquity $4.92B USD Point-in-time
Total liabilities and partners' equity LiabilitiesAndStockholdersEquity $5.08B USD Point-in-time
Income Statement 62 line items
Line Item Tag Value Unit Period
Service revenues SalesRevenueServicesNet $269.97M USD 1 Quarter
Service revenues SalesRevenueServicesNet $229.34M USD 1 Quarter
Product sales SalesRevenueGoodsNet $619.88M USD 1 Quarter
Product sales SalesRevenueGoodsNet $284.97M USD 1 Quarter
Total revenues SalesRevenueNet $554.94M USD 1 Quarter
Total revenues SalesRevenueNet $849.21M USD 1 Quarter
Cost of product sales CostOfGoodsSold $262.51M USD 1 Quarter
Cost of product sales CostOfGoodsSold $594.96M USD 1 Quarter
Third parties OtherCostAndExpenseOperating $77.41M USD 1 Quarter
Third parties OtherCostAndExpenseOperating $84.36M USD 1 Quarter
Related party RelatedPartyOperatingExpenses $28.66M USD 1 Quarter
Related party RelatedPartyOperatingExpenses $31.29M USD 1 Quarter
Total operating expenses OperatingCostsAndExpenses $115.65M USD 1 Quarter
Total operating expenses OperatingCostsAndExpenses $106.06M USD 1 Quarter
Third parties OtherGeneralAndAdministrativeExpense $7.67M USD 1 Quarter
Third parties OtherGeneralAndAdministrativeExpense $6.76M USD 1 Quarter
Related party RelatedPartyGeneralAndAdministrativeExpense $17.39M USD 1 Quarter
Related party RelatedPartyGeneralAndAdministrativeExpense $14.09M USD 1 Quarter
Total general and administrative expenses GeneralAndAdministrativeExpense $20.86M USD 1 Quarter
Total general and administrative expenses GeneralAndAdministrativeExpense $25.05M USD 1 Quarter
Depreciation and amortization expense DepreciationDepletionAndAmortization $52.46M USD 1 Quarter
Depreciation and amortization expense DepreciationDepletionAndAmortization $46.23M USD 1 Quarter
Total costs and expenses CostsAndExpenses $455.66M USD 1 Quarter
Total costs and expenses CostsAndExpenses $768.11M USD 1 Quarter
Operating income OperatingIncomeLoss $99.28M USD 1 Quarter
Operating income OperatingIncomeLoss $81.10M USD 1 Quarter
Equity in loss of joint ventures IncomeLossFromEquityMethodInvestments $-4.31M USD 1 Quarter
Equity in loss of joint ventures IncomeLossFromEquityMethodInvestments - USD 1 Quarter
Interest expense, net InterestIncomeExpenseNonoperatingNet $-34.42M USD 1 Quarter
Interest expense, net InterestIncomeExpenseNonoperatingNet $-32.04M USD 1 Quarter
Interest income from related party InterestIncomeRelatedParty $1.05M USD 1 Quarter
Interest income from related party InterestIncomeRelatedParty - USD 1 Quarter
Other income, net OtherNonoperatingIncomeExpense $3.68M USD 1 Quarter
Other income, net OtherNonoperatingIncomeExpense $62.27M USD 1 Quarter
Income from continuing operations before income tax expense IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $47.11M USD 1 Quarter
Income from continuing operations before income tax expense IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $129.51M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $2.39M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $4.12M USD 1 Quarter
Income from continuing operations IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest $43.00M USD 1 Quarter
Income from continuing operations IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest $127.12M USD 1 Quarter
Income (loss) from discontinued operations, net of tax IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity $-3.36M USD 1 Quarter
Income (loss) from discontinued operations, net of tax IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity $774.00K USD 1 Quarter
Net income ProfitLoss $127.90M USD 1 Quarter
Net income ProfitLoss $39.64M USD 1 Quarter
Less net loss attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest - USD 1 Quarter
Less net loss attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $-107.00K USD 1 Quarter
Net income attributable to NuStar Energy L.P. NetIncomeLoss $127.90M USD 1 Quarter
Net income attributable to NuStar Energy L.P. NetIncomeLoss $39.74M USD 1 Quarter
Continuing operations IncomeLossFromContinuingOperationsPerOutstandingLimitedPartnershipUnitBasicNetOfTax $1.46 USD 1 Quarter
Continuing operations IncomeLossFromContinuingOperationsPerOutstandingLimitedPartnershipUnitBasicNetOfTax $0.40 USD 1 Quarter
Discontinued operations IncomeLossFromDiscontinuedOperationsNetOfTaxPerOutstandingLimitedPartnershipUnitBasic $-0.04 USD 1 Quarter
Discontinued operations IncomeLossFromDiscontinuedOperationsNetOfTaxPerOutstandingLimitedPartnershipUnitBasic $0.01 USD 1 Quarter
Total (Note 10) NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax $1.47 USD 1 Quarter
Total (Note 10) NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax $0.36 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 $107.80M USD 1 Quarter
Less comprehensive loss attributable to noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $-552.00K USD 1 Quarter
Less comprehensive loss attributable to noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest - USD 1 Quarter
Comprehensive income attributable to NuStar Energy L.P. ComprehensiveIncomeNetOfTax $38.27M USD 1 Quarter
Comprehensive income attributable to NuStar Energy L.P. ComprehensiveIncomeNetOfTax $107.80M USD 1 Quarter
Cash Flow Statement 68 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $127.90M USD 1 Quarter
Net income ProfitLoss $39.64M USD 1 Quarter
Depreciation and amortization expense DepreciationDepletionAndAmortizationFromContinuingAndDiscontinuedOperations $52.46M USD 1 Quarter
Depreciation and amortization expense DepreciationDepletionAndAmortizationFromContinuingAndDiscontinuedOperations $46.23M USD 1 Quarter
Amortization of debt related items AmortizationOfFinancingCostsAndDiscounts $2.42M USD 1 Quarter
Amortization of debt related items AmortizationOfFinancingCostsAndDiscounts $2.24M USD 1 Quarter
Gain from sale or disposition of assets GainLossOnDispositionOfAssets1 $75.00K USD 1 Quarter
Gain from sale or disposition of assets GainLossOnDispositionOfAssets1 $24.00K USD 1 Quarter
Gain associated with the Linden Acquisition BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGain $56.28M USD 1 Quarter
Gain associated with the Linden Acquisition BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGain - USD 1 Quarter
Asset impairment loss AssetImpairmentCharges $2.07M USD 1 Quarter
Asset impairment loss AssetImpairmentCharges - USD 1 Quarter
Deferred income tax (benefit) expense DeferredIncomeTaxExpenseBenefit $-535.00K USD 1 Quarter
Deferred income tax (benefit) expense DeferredIncomeTaxExpenseBenefit $3.05M USD 1 Quarter
Equity in loss of joint ventures IncomeLossFromEquityMethodInvestments $-4.31M USD 1 Quarter
Equity in loss of joint ventures IncomeLossFromEquityMethodInvestments - USD 1 Quarter
Distributions of equity in earnings of joint ventures EquityMethodInvestmentDividendsOrDistributions $2.50M 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 $7.77M USD 1 Quarter
Changes in current assets and current liabilities (Note 11) IncreaseDecreaseInOperatingCapital $38.80M USD 1 Quarter
Other, net OtherNoncashIncomeExpense $-2.15M USD 1 Quarter
Other, net OtherNoncashIncomeExpense $-2.06M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $122.58M 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 $72.88M 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 $13.46M USD 1 Quarter
Acquisitions PaymentsToAcquireBusinessesNetOfCashAcquired $142.50M USD 1 Quarter
Acquisitions PaymentsToAcquireBusinessesNetOfCashAcquired - USD 1 Quarter
Investment in other long-term assets PaymentsToAcquireOtherProductiveAssets $2.18M USD 1 Quarter
Investment in other long-term assets PaymentsToAcquireOtherProductiveAssets - USD 1 Quarter
Proceeds from sale or disposition of assets ProceedsFromSaleOfProductiveAssets $66.00K USD 1 Quarter
Proceeds from sale or disposition of assets ProceedsFromSaleOfProductiveAssets $1.19M USD 1 Quarter
Increase in note receivable from Axeon ProceedsFromPaymentsForLongTermLoansForRelatedParties - USD 1 Quarter
Increase in note receivable from Axeon ProceedsFromPaymentsForLongTermLoansForRelatedParties $-13.33M USD 1 Quarter
Other, net PaymentsForProceedsFromOtherInvestingActivities - USD 1 Quarter
Other, net PaymentsForProceedsFromOtherInvestingActivities $23.00K USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-229.84M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-76.33M USD 1 Quarter
Proceeds from long-term debt borrowings ProceedsFromIssuanceOfLongTermDebt $330.53M USD 1 Quarter
Proceeds from long-term debt borrowings ProceedsFromIssuanceOfLongTermDebt $245.21M USD 1 Quarter
Proceeds from short-term debt borrowings ProceedsFromShortTermDebt $163.00M USD 1 Quarter
Proceeds from short-term debt borrowings ProceedsFromShortTermDebt - USD 1 Quarter
Long-term debt repayments RepaymentsOfLongTermDebt $83.17M USD 1 Quarter
Long-term debt repayments RepaymentsOfLongTermDebt $189.28M USD 1 Quarter
Short-term debt repayments RepaymentsOfShortTermDebt - USD 1 Quarter
Short-term debt repayments RepaymentsOfShortTermDebt $194.00M 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
Decrease in cash book overdrafts IncreaseDecreaseInBookOverdrafts $-215.00K USD 1 Quarter
Decrease in cash book overdrafts IncreaseDecreaseInBookOverdrafts $-14.29M USD 1 Quarter
Other, net ProceedsFromPaymentsForOtherFinancingActivities $-369.00K USD 1 Quarter
Other, net ProceedsFromPaymentsForOtherFinancingActivities $-10.00K USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $104.01M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $-42.70M 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 $-6.49M USD 1 Quarter
Net decrease in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-58.15M USD 1 Quarter
Net decrease in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-9.73M USD 1 Quarter
Cash and cash equivalents as of the beginning of the period CashAndCashEquivalentsAtCarryingValue $78.18M 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 beginning of the period CashAndCashEquivalentsAtCarryingValue $87.91M USD Point-in-time
Cash and cash equivalents as of the end of the period CashAndCashEquivalentsAtCarryingValue $78.18M 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
Cash and cash equivalents as of the end of the period CashAndCashEquivalentsAtCarryingValue $87.91M USD Point-in-time

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

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