10-Q Filing

NUSTAR ENERGY L.P. CIK: 1110805 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001110805-17-000011`
Period End Date	20170331
Filing Date	20170509
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	ns-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 44 Cash Flow Statement 58

Balance Sheet 64 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$130.92M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$27.20M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$35.94M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$118.86M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $7,760 and $7,756 as of March 31, 2017 and December 31, 2016, respectively	`AccountsReceivableNetCurrent`	$166.84M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $7,760 and $7,756 as of March 31, 2017 and December 31, 2016, respectively	`AccountsReceivableNetCurrent`	$170.29M	USD	Point-in-time
Receivable from related party	`DueFromRelatedPartiesCurrent`	$317.00K	USD	Point-in-time
Receivable from related party	`DueFromRelatedPartiesCurrent`	$80.00K	USD	Point-in-time
Inventories	`InventoryNet`	$37.95M	USD	Point-in-time
Inventories	`InventoryNet`	$37.11M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$22.43M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$132.69M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$253.67M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$377.18M	USD	Point-in-time
Property, plant and equipment, at cost	`PropertyPlantAndEquipmentGross`	$5.44B	USD	Point-in-time
Property, plant and equipment, at cost	`PropertyPlantAndEquipmentGross`	$5.49B	USD	Point-in-time
Accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.71B	USD	Point-in-time
Accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.77B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$3.72B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$3.72B	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$119.86M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$127.08M	USD	Point-in-time
Goodwill	`Goodwill`	$696.64M	USD	Point-in-time
Goodwill	`Goodwill`	$696.64M	USD	Point-in-time
Deferred income tax asset	`DeferredTaxAssetsNetNoncurrent`	$2.05M	USD	Point-in-time
Deferred income tax asset	`DeferredTaxAssetsNetNoncurrent`	$1.74M	USD	Point-in-time
Other long-term assets, net	`OtherAssetsNoncurrent`	$105.31M	USD	Point-in-time
Other long-term assets, net	`OtherAssetsNoncurrent`	$100.24M	USD	Point-in-time
Total assets	`Assets`	$4.90B	USD	Point-in-time
Total assets	`Assets`	$5.03B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$98.48M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$118.69M	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$72.00M	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$54.00M	USD	Point-in-time
Accrued interest payable	`InterestPayableCurrent`	$34.03M	USD	Point-in-time
Accrued interest payable	`InterestPayableCurrent`	$27.71M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$39.51M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$60.48M	USD	Point-in-time
Taxes other than income tax	`AccrualForTaxesOtherThanIncomeTaxesCurrent`	$12.91M	USD	Point-in-time
Taxes other than income tax	`AccrualForTaxesOtherThanIncomeTaxesCurrent`	$15.69M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$6.51M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$3.88M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$289.40M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$254.49M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$2.95B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$3.01B	USD	Point-in-time
Deferred income tax liability	`DeferredTaxLiabilitiesNoncurrent`	$22.20M	USD	Point-in-time
Deferred income tax liability	`DeferredTaxLiabilitiesNoncurrent`	$22.45M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$92.96M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$96.16M	USD	Point-in-time
Commitments and contingencies (Note 4)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 4)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Series A preferred limited partners (9,060,000 preferred units outstanding as of March 31, 2017 and December 31, 2016)	`PreferredUnitsPreferredPartnersCapitalAccounts`	$218.31M	USD	Point-in-time
Series A preferred limited partners (9,060,000 preferred units outstanding as of March 31, 2017 and December 31, 2016)	`PreferredUnitsPreferredPartnersCapitalAccounts`	$218.40M	USD	Point-in-time
Common limited partners (78,655,818 and 78,616,228 common units outstanding as of March 31, 2017 and December 31, 2016, respectively)	`LimitedPartnersCapitalAccount`	$1.46B	USD	Point-in-time
Common limited partners (78,655,818 and 78,616,228 common units outstanding as of March 31, 2017 and December 31, 2016, respectively)	`LimitedPartnersCapitalAccount`	$1.41B	USD	Point-in-time
General partner	`GeneralPartnersCapitalAccount`	$31.75M	USD	Point-in-time
General partner	`GeneralPartnersCapitalAccount`	$32.58M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-90.41M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-94.18M	USD	Point-in-time
Total partners equity	`PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest`	$1.57B	USD	Point-in-time
Total partners equity	`PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest`	$1.61B	USD	Point-in-time
Total liabilities and partners' equity	`LiabilitiesAndStockholdersEquity`	$4.90B	USD	Point-in-time
Total liabilities and partners' equity	`LiabilitiesAndStockholdersEquity`	$5.03B	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Service revenues	`SalesRevenueServicesNet`	$266.57M	USD	1 Quarter
Service revenues	`SalesRevenueServicesNet`	$266.46M	USD	1 Quarter
Product sales	`SalesRevenueGoodsNet`	$220.97M	USD	1 Quarter
Product sales	`SalesRevenueGoodsNet`	$139.14M	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$487.43M	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$405.70M	USD	1 Quarter
Cost of product sales	`CostOfGoodsSoldExcludingDepreciationDepletionAndAmortization`	$207.81M	USD	1 Quarter
Cost of product sales	`CostOfGoodsSoldExcludingDepreciationDepletionAndAmortization`	$128.99M	USD	1 Quarter
Third parties	`ThirdPartyOperatingCostsandExpensesExcludingDepreciationDepletionandAmortization`	$101.03M	USD	1 Quarter
Third parties	`ThirdPartyOperatingCostsandExpensesExcludingDepreciationDepletionandAmortization`	$83.54M	USD	1 Quarter
Related party	`RelatedPartyOperatingExpenses`	-	USD	1 Quarter
Related party	`RelatedPartyOperatingExpenses`	$21.68M	USD	1 Quarter
Total operating expenses	`OperatingCostsandExpensesExcludingDepreciationDepletionandAmortization`	$105.22M	USD	1 Quarter
Total operating expenses	`OperatingCostsandExpensesExcludingDepreciationDepletionandAmortization`	$101.03M	USD	1 Quarter
Third parties	`GeneralandAdministrativeExpenseExcludingRelatedParty`	$13.37M	USD	1 Quarter
Third parties	`GeneralandAdministrativeExpenseExcludingRelatedParty`	$24.59M	USD	1 Quarter
Related party	`RelatedPartyGeneralAndAdministrativeExpense`	$10.42M	USD	1 Quarter
Related party	`RelatedPartyGeneralAndAdministrativeExpense`	-	USD	1 Quarter
Total general and administrative expenses	`GeneralAndAdministrativeExpense`	$24.59M	USD	1 Quarter
Total general and administrative expenses	`GeneralAndAdministrativeExpense`	$23.79M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$56.86M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$53.14M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$390.29M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$311.14M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$94.56M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$97.14M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-34.12M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-36.41M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-171.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$140.00K	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$60.87M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$60.27M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$2.87M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$2.92M	USD	1 Quarter
Net income	`NetIncomeLoss`	$57.40M	USD	1 Quarter
Net income	`NetIncomeLoss`	$57.94M	USD	1 Quarter
Basic net income per common unit (Note 10)	`NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax`	$0.57	USD	1 Quarter
Basic net income per common unit (Note 10)	`NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax`	$0.49	USD	1 Quarter
Diluted net income per common unit (Note 10)	`NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted`	$0.49	USD	1 Quarter
Diluted net income per common unit (Note 10)	`NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted`	$0.57	USD	1 Quarter
Basic weighted-average limited partner units outstanding	`WeightedAverageLimitedPartnershipUnitsOutstanding`	78.64M	shares	1 Quarter
Basic weighted-average limited partner units outstanding	`WeightedAverageLimitedPartnershipUnitsOutstanding`	77.89M	shares	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$42.62M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$61.70M	USD	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$57.94M	USD	1 Quarter
Net income	`ProfitLoss`	$57.40M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortizationFromContinuingAndDiscontinuedOperations`	$56.86M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortizationFromContinuingAndDiscontinuedOperations`	$53.14M	USD	1 Quarter
Unit-based compensation expense	`ShareBasedCompensation`	$1.09M	USD	1 Quarter
Unit-based compensation expense	`ShareBasedCompensation`	$2.79M	USD	1 Quarter
Amortization of debt related items	`AmortizationOfFinancingCostsAndDiscounts`	$2.02M	USD	1 Quarter
Amortization of debt related items	`AmortizationOfFinancingCostsAndDiscounts`	$1.57M	USD	1 Quarter
(Gain) loss from sale or disposition of assets	`GainLossOnDispositionOfAssets1`	$48.00K	USD	1 Quarter
(Gain) loss from sale or disposition of assets	`GainLossOnDispositionOfAssets1`	$-4.00K	USD	1 Quarter
Deferred income tax expense	`Deferredincometaxbenefitexpensetotal`	$456.00K	USD	1 Quarter
Deferred income tax expense	`Deferredincometaxbenefitexpensetotal`	$291.00K	USD	1 Quarter
Changes in current assets and current liabilities (Note 11)	`IncreaseDecreaseInOperatingCapital`	$39.14M	USD	1 Quarter
Changes in current assets and current liabilities (Note 11)	`IncreaseDecreaseInOperatingCapital`	$12.49M	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$-111.00K	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$-3.72M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$83.98M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$101.73M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$46.18M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$45.73M	USD	1 Quarter
Change in accounts payable related to capital expenditures	`IncreaseDecreaseinAccountsPayableRelatedtoCapitalExpenditures`	$-12.66M	USD	1 Quarter
Change in accounts payable related to capital expenditures	`IncreaseDecreaseinAccountsPayableRelatedtoCapitalExpenditures`	$-6.82M	USD	1 Quarter
Proceeds from sale or disposition of assets	`ProceedsFromSaleOfProductiveAssets`	$1.86M	USD	1 Quarter
Proceeds from sale or disposition of assets	`ProceedsFromSaleOfProductiveAssets`	-	USD	1 Quarter
Proceeds from Axeon term loan	`ProceedsFromCollectionOfLoansReceivable`	$110.00M	USD	1 Quarter
Proceeds from Axeon term loan	`ProceedsFromCollectionOfLoansReceivable`	-	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$59.31M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-58.84M	USD	1 Quarter
Proceeds from long-term debt borrowings	`ProceedsFromIssuanceOfLongTermDebt`	$144.27M	USD	1 Quarter
Proceeds from long-term debt borrowings	`ProceedsFromIssuanceOfLongTermDebt`	$168.09M	USD	1 Quarter
Proceeds from short-term debt borrowings	`ProceedsFromShortTermDebt`	$266.00M	USD	1 Quarter
Proceeds from short-term debt borrowings	`ProceedsFromShortTermDebt`	$134.00M	USD	1 Quarter
Long-term debt repayments	`RepaymentsOfLongTermDebt`	$93.71M	USD	1 Quarter
Long-term debt repayments	`RepaymentsOfLongTermDebt`	$207.19M	USD	1 Quarter
Short-term debt repayments	`RepaymentsOfShortTermDebt`	$137.00M	USD	1 Quarter
Short-term debt repayments	`RepaymentsOfShortTermDebt`	$248.00M	USD	1 Quarter
Distributions to preferred unitholders	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$5.88M	USD	1 Quarter
Distributions to preferred unitholders	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	-	USD	1 Quarter
Distributions to common unitholders and general partner	`PaymentsOfDividendsCommonStock`	$98.05M	USD	1 Quarter
Distributions to common unitholders and general partner	`PaymentsOfDividendsCommonStock`	$99.02M	USD	1 Quarter
Decrease in cash book overdrafts	`IncreaseDecreaseInBookOverdrafts`	$-8.80M	USD	1 Quarter
Decrease in cash book overdrafts	`IncreaseDecreaseInBookOverdrafts`	$-283.00K	USD	1 Quarter
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-5.00K	USD	1 Quarter
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-1.94M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-35.48M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-152.05M	USD	1 Quarter
Effect of foreign exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$26.00K	USD	1 Quarter
Effect of foreign exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$4.64M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-8.74M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$12.05M	USD	1 Quarter
Cash and cash equivalents as of the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$130.92M	USD	Point-in-time
Cash and cash equivalents as of the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$27.20M	USD	Point-in-time
Cash and cash equivalents as of the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$35.94M	USD	Point-in-time
Cash and cash equivalents as of the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$118.86M	USD	Point-in-time
Cash and cash equivalents as of the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$130.92M	USD	Point-in-time
Cash and cash equivalents as of the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$27.20M	USD	Point-in-time
Cash and cash equivalents as of the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$35.94M	USD	Point-in-time
Cash and cash equivalents as of the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$118.86M	USD	Point-in-time

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