10-Q Filing

NUSTAR ENERGY L.P. CIK: 1110805 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001110805-18-000015`
Period End Date	20180331
Filing Date	20180508
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	ns-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 38 Cash Flow Statement 62

Balance Sheet 64 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$27.20M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$24.29M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$15.13M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$35.94M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $10,344 and $9,948 as of March 31, 2018 and December 31, 2017, respectively	`AccountsReceivableNetCurrent`	$176.57M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $10,344 and $9,948 as of March 31, 2018 and December 31, 2017, respectively	`AccountsReceivableNetCurrent`	$157.27M	USD	Point-in-time
Receivable from related party	`DueFromRelatedPartiesCurrent`	$72.00K	USD	Point-in-time
Receivable from related party	`DueFromRelatedPartiesCurrent`	$205.00K	USD	Point-in-time
Inventories	`InventoryNet`	$26.86M	USD	Point-in-time
Inventories	`InventoryNet`	$29.55M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$22.51M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$25.98M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$250.43M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$228.00M	USD	Point-in-time
Property, plant and equipment, at cost	`PropertyPlantAndEquipmentGross`	$6.39B	USD	Point-in-time
Property, plant and equipment, at cost	`PropertyPlantAndEquipmentGross`	$6.24B	USD	Point-in-time
Accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$2.00B	USD	Point-in-time
Accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.94B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$4.39B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$4.30B	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$784.48M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$771.62M	USD	Point-in-time
Goodwill	`Goodwill`	$1.10B	USD	Point-in-time
Goodwill	`Goodwill`	$1.09B	USD	Point-in-time
Deferred income tax asset	`DeferredTaxAssetsNetNoncurrent`	$233.00K	USD	Point-in-time
Deferred income tax asset	`DeferredTaxAssetsNetNoncurrent`	-	USD	Point-in-time
Other long-term assets, net	`OtherAssetsNoncurrent`	$105.21M	USD	Point-in-time
Other long-term assets, net	`OtherAssetsNoncurrent`	$101.68M	USD	Point-in-time
Total assets	`Assets`	$6.59B	USD	Point-in-time
Total assets	`Assets`	$6.54B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$145.93M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$122.04M	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$70.00M	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$35.00M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$349.99M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$349.97M	USD	Point-in-time
Accrued interest payable	`InterestPayableCurrent`	$40.45M	USD	Point-in-time
Accrued interest payable	`InterestPayableCurrent`	$43.97M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$61.58M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$47.52M	USD	Point-in-time
Taxes other than income tax	`AccrualForTaxesOtherThanIncomeTaxesCurrent`	$14.38M	USD	Point-in-time
Taxes other than income tax	`AccrualForTaxesOtherThanIncomeTaxesCurrent`	$12.75M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$4.17M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$6.38M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$651.51M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$652.64M	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtNoncurrent`	$3.26B	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtNoncurrent`	$3.31B	USD	Point-in-time
Deferred income tax liability	`DeferredTaxLiabilitiesNoncurrent`	$22.27M	USD	Point-in-time
Deferred income tax liability	`DeferredTaxLiabilitiesNoncurrent`	$23.03M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$118.30M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$112.89M	USD	Point-in-time
Commitments and contingencies (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common limited partners (93,182,045 and 93,176,683 common units outstanding as of March 31, 2018 and December 31, 2017, respectively)	`LimitedPartnersCapitalAccount`	$1.77B	USD	Point-in-time
Common limited partners (93,182,045 and 93,176,683 common units outstanding as of March 31, 2018 and December 31, 2017, respectively)	`LimitedPartnersCapitalAccount`	$1.77B	USD	Point-in-time
General partner	`GeneralPartnersCapitalAccount`	$26.69M	USD	Point-in-time
General partner	`GeneralPartnersCapitalAccount`	$37.83M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-64.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-84.93M	USD	Point-in-time
Total partners equity	`PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest`	$2.49B	USD	Point-in-time
Total partners equity	`PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest`	$2.48B	USD	Point-in-time
Total liabilities and partners' equity	`LiabilitiesAndStockholdersEquity`	$6.59B	USD	Point-in-time
Total liabilities and partners' equity	`LiabilitiesAndStockholdersEquity`	$6.54B	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Service revenues	`SalesRevenueServicesNet`	$291.41M	USD	1 Quarter
Service revenues	`SalesRevenueServicesNet`	$266.46M	USD	1 Quarter
Product sales	`SalesRevenueGoodsNet`	$184.47M	USD	1 Quarter
Product sales	`SalesRevenueGoodsNet`	$220.97M	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$487.43M	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$475.88M	USD	1 Quarter
Operating expenses (excluding depreciation and amortization expense)	`CostofServicesOperatingCostsandExpensesExcludingDepreciationDepletionandAmortization`	$108.88M	USD	1 Quarter
Operating expenses (excluding depreciation and amortization expense)	`CostofServicesOperatingCostsandExpensesExcludingDepreciationDepletionandAmortization`	$101.03M	USD	1 Quarter
Depreciation and amortization expense	`CostOfServicesDepreciationAndAmortization`	$54.67M	USD	1 Quarter
Depreciation and amortization expense	`CostOfServicesDepreciationAndAmortization`	$69.90M	USD	1 Quarter
Total costs associated with service revenues	`CostOfServices`	$178.78M	USD	1 Quarter
Total costs associated with service revenues	`CostOfServices`	$155.70M	USD	1 Quarter
Cost of Goods Sold	`CostOfGoodsSold`	$207.81M	USD	1 Quarter
Cost of Goods Sold	`CostOfGoodsSold`	$176.73M	USD	1 Quarter
General and administrative expenses (excluding depreciation and amortization expense)	`GeneralAndAdministrativeExpense`	$24.59M	USD	1 Quarter
General and administrative expenses (excluding depreciation and amortization expense)	`GeneralAndAdministrativeExpense`	$19.77M	USD	1 Quarter
Other depreciation and amortization expense	`OtherDepreciationAndAmortization`	$2.12M	USD	1 Quarter
Other depreciation and amortization expense	`OtherDepreciationAndAmortization`	$2.19M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$390.29M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$377.40M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$97.14M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$98.48M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-47.77M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-36.41M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$140.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$79.75M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$130.46M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$60.87M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$4.33M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$2.92M	USD	1 Quarter
Net income	`NetIncomeLoss`	$126.13M	USD	1 Quarter
Net income	`NetIncomeLoss`	$57.94M	USD	1 Quarter
Basic net income per common unit (Note 13)	`NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax`	$0.49	USD	1 Quarter
Basic net income per common unit (Note 13)	`NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax`	$1.15	USD	1 Quarter
Basic weighted-average common units outstanding	`WeightedAverageLimitedPartnershipUnitsOutstanding`	78.64M	shares	1 Quarter
Basic weighted-average common units outstanding	`WeightedAverageLimitedPartnershipUnitsOutstanding`	93.18M	shares	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$147.06M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$61.70M	USD	1 Quarter

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$126.13M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$57.94M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$72.02M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$56.86M	USD	1 Quarter
Unit-based compensation expense	`ShareBasedCompensation`	$2.09M	USD	1 Quarter
Unit-based compensation expense	`ShareBasedCompensation`	$2.79M	USD	1 Quarter
Amortization of debt related items	`AmortizationOfFinancingCostsAndDiscounts`	$1.41M	USD	1 Quarter
Amortization of debt related items	`AmortizationOfFinancingCostsAndDiscounts`	$1.57M	USD	1 Quarter
Gain from sale or disposition of assets	`GainLossOnDispositionOfAssets1`	$48.00K	USD	1 Quarter
Gain from sale or disposition of assets	`GainLossOnDispositionOfAssets1`	$19.00K	USD	1 Quarter
Gain from insurance recoveries	`GainfromInsuranceRecoveries`	$78.76M	USD	1 Quarter
Gain from insurance recoveries	`GainfromInsuranceRecoveries`	-	USD	1 Quarter
Deferred income tax expense	`DeferredIncomeTaxExpenseBenefit`	$842.00K	USD	1 Quarter
Deferred income tax expense	`DeferredIncomeTaxExpenseBenefit`	$291.00K	USD	1 Quarter
Changes in current assets and current liabilities (Note 14)	`IncreaseDecreaseInOperatingCapital`	$39.14M	USD	1 Quarter
Changes in current assets and current liabilities (Note 14)	`IncreaseDecreaseInOperatingCapital`	$-10.69M	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$11.25M	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`	$123.16M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$137.87M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$45.73M	USD	1 Quarter
Change in accounts payable related to capital expenditures	`IncreaseDecreaseinAccountsPayableRelatedtoCapitalExpenditures`	$-6.82M	USD	1 Quarter
Change in accounts payable related to capital expenditures	`IncreaseDecreaseinAccountsPayableRelatedtoCapitalExpenditures`	$-12.02M	USD	1 Quarter
Proceeds from sale or disposition of assets	`ProceedsFromSaleOfProductiveAssets`	$19.00K	USD	1 Quarter
Proceeds from sale or disposition of assets	`ProceedsFromSaleOfProductiveAssets`	$1.86M	USD	1 Quarter
Proceeds from Axeon term loan	`ProceedsFromCollectionOfLoansReceivable`	$110.00M	USD	1 Quarter
Proceeds from Axeon term loan	`ProceedsFromCollectionOfLoansReceivable`	-	USD	1 Quarter
Proceeds from insurance recoveries	`ProceedsFromInsuranceSettlementInvestingActivities`	-	USD	1 Quarter
Proceeds from insurance recoveries	`ProceedsFromInsuranceSettlementInvestingActivities`	$78.42M	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`	$-71.45M	USD	1 Quarter
Proceeds from long-term debt borrowings	`ProceedsFromIssuanceOfLongTermDebt`	$119.71M	USD	1 Quarter
Proceeds from long-term debt borrowings	`ProceedsFromIssuanceOfLongTermDebt`	$144.27M	USD	1 Quarter
Proceeds from short-term debt borrowings	`ProceedsFromShortTermDebt`	$266.00M	USD	1 Quarter
Proceeds from short-term debt borrowings	`ProceedsFromShortTermDebt`	$230.00M	USD	1 Quarter
Long-term debt repayments	`RepaymentsOfLongTermDebt`	$207.19M	USD	1 Quarter
Long-term debt repayments	`RepaymentsOfLongTermDebt`	$79.42M	USD	1 Quarter
Short-term debt repayments	`RepaymentsOfShortTermDebt`	$248.00M	USD	1 Quarter
Short-term debt repayments	`RepaymentsOfShortTermDebt`	$195.00M	USD	1 Quarter
Distributions to preferred unitholders	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$5.88M	USD	1 Quarter
Distributions to preferred unitholders	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$16.68M	USD	1 Quarter
Distributions to common unitholders and general partner	`PaymentsOfDividendsCommonStock`	$115.27M	USD	1 Quarter
Distributions to common unitholders and general partner	`PaymentsOfDividendsCommonStock`	$99.02M	USD	1 Quarter
Increase (decrease) in cash book overdrafts	`IncreaseDecreaseInBookOverdrafts`	$-283.00K	USD	1 Quarter
Increase (decrease) in cash book overdrafts	`IncreaseDecreaseInBookOverdrafts`	$-1.01M	USD	1 Quarter
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-3.17M	USD	1 Quarter
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-1.94M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-60.85M	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`	$-28.00K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-8.74M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-9.16M	USD	1 Quarter
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`	$24.29M	USD	Point-in-time
Cash and cash equivalents as of the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$15.13M	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 end of the period	`CashAndCashEquivalentsAtCarryingValue`	$27.20M	USD	Point-in-time
Cash and cash equivalents as of the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$24.29M	USD	Point-in-time
Cash and cash equivalents as of the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$15.13M	USD	Point-in-time
Cash and cash equivalents as of the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$35.94M	USD	Point-in-time

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