10-Q Filing

NUSTAR GP HOLDINGS, LLC CIK: 1223786 Q2 2010

Filing Information

Form Type	10-Q
Accession Number	`0001193125-10-178703`
Period End Date	20100630
Filing Date	20100805
Fiscal Year	2010
Fiscal Period	Q2
XBRL Instance	nsh-20100630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 36 Cash Flow Statement 48

Balance Sheet 52 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.75M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$371.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.79M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.50M	USD	Point-in-time
Receivable from NuStar Energy L.P.	`DueFromRelatedPartiesCurrent`	$24.30M	USD	Point-in-time
Receivable from NuStar Energy L.P.	`DueFromRelatedPartiesCurrent`	$10.64M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$5.80M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$6.66M	USD	Point-in-time
Other receivables	`OtherReceivablesCurrent`	$795.00K	USD	Point-in-time
Other receivables	`OtherReceivablesCurrent`	$743.00K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$353.00K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$102.00K	USD	Point-in-time
Deferred income tax assets, net	`DeferredTaxAssetsNetCurrent`	$1.20M	USD	Point-in-time
Deferred income tax assets, net	`DeferredTaxAssetsNetCurrent`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$33.55M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$19.15M	USD	Point-in-time
Investment in NuStar Energy L.P.	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$559.52M	USD	Point-in-time
Investment in NuStar Energy L.P.	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$561.69M	USD	Point-in-time
Long-term receivable from NuStar Energy L.P.	`DueFromRelatedPartiesNoncurrent`	$8.97M	USD	Point-in-time
Long-term receivable from NuStar Energy L.P.	`DueFromRelatedPartiesNoncurrent`	$7.66M	USD	Point-in-time
Deferred income tax assets, net	`DeferredTaxAssetsNetNoncurrent`	$6.92M	USD	Point-in-time
Deferred income tax assets, net	`DeferredTaxAssetsNetNoncurrent`	$8.20M	USD	Point-in-time
Total assets	`Assets`	$593.26M	USD	Point-in-time
Total assets	`Assets`	$612.42M	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$19.50M	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$14.30M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$554.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$351.00K	USD	Point-in-time
Accrued compensation expense	`EmployeeRelatedLiabilitiesCurrent`	$14.59M	USD	Point-in-time
Accrued compensation expense	`EmployeeRelatedLiabilitiesCurrent`	$20.84M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$606.00K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$829.00K	USD	Point-in-time
Deferred income tax liabilities, net	`DeferredTaxLiabilitiesCurrent`	-	USD	Point-in-time
Deferred income tax liabilities, net	`DeferredTaxLiabilitiesCurrent`	$582.00K	USD	Point-in-time
Taxes other than income tax	`OtherAccruedTaxesCurrent`	$518.00K	USD	Point-in-time
Taxes other than income tax	`OtherAccruedTaxesCurrent`	$848.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$30.92M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$42.60M	USD	Point-in-time
Employee benefit plan liabilities	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$30.76M	USD	Point-in-time
Employee benefit plan liabilities	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$24.13M	USD	Point-in-time
Members' equity	`MembersEquity`	$545.20M	USD	Point-in-time
Members' equity	`MembersEquity`	$547.19M	USD	Point-in-time
Share of NuStar Energy L.P.'s other comprehensive income	`ShareOfEquityMethodInvestmentsOtherComprehensiveIncome`	$1.46M	USD	Point-in-time
Share of NuStar Energy L.P.'s other comprehensive income	`ShareOfEquityMethodInvestmentsOtherComprehensiveIncome`	$4.00K	USD	Point-in-time
Pension adjustments, net of tax	`AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax`	$8.45M	USD	Point-in-time
Pension adjustments, net of tax	`AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax`	$8.14M	USD	Point-in-time
Total accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-6.99M	USD	Point-in-time
Total accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-8.14M	USD	Point-in-time
Total members' equity	`TotalMembersEquity`	$538.21M	USD	Point-in-time
Total members' equity	`TotalMembersEquity`	$539.06M	USD	Point-in-time
Total liabilities and members' equity	`LiabilitiesAndStockholdersEquity`	$612.42M	USD	Point-in-time
Total liabilities and members' equity	`LiabilitiesAndStockholdersEquity`	$593.26M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Equity in earnings of NuStar Energy L.P.	`IncomeLossFromEquityMethodInvestments`	$21.90M	USD	1 Quarter
Equity in earnings of NuStar Energy L.P.	`IncomeLossFromEquityMethodInvestments`	$23.81M	USD	1 Quarter
Equity in earnings of NuStar Energy L.P.	`IncomeLossFromEquityMethodInvestments`	$33.11M	USD	2 Qtrs
Equity in earnings of NuStar Energy L.P.	`IncomeLossFromEquityMethodInvestments`	$34.73M	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.45M	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$657.00K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$720.00K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.48M	USD	2 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$7.89M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$21.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$8.02M	USD	2 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-3.00K	USD	2 Qtrs
Interest expense, net	`InterestExpenseDebt`	$22.00K	USD	1 Quarter
Interest expense, net	`InterestExpenseDebt`	$49.00K	USD	2 Qtrs
Interest expense, net	`InterestExpenseDebt`	$339.00K	USD	1 Quarter
Interest expense, net	`InterestExpenseDebt`	$657.00K	USD	2 Qtrs
Income before income tax benefit	`IncomeLossFromContinuingOperationsBeforeIncomeTaxes`	$30.71M	USD	1 Quarter
Income before income tax benefit	`IncomeLossFromContinuingOperationsBeforeIncomeTaxes`	$39.02M	USD	2 Qtrs
Income before income tax benefit	`IncomeLossFromContinuingOperationsBeforeIncomeTaxes`	$21.18M	USD	1 Quarter
Income before income tax benefit	`IncomeLossFromContinuingOperationsBeforeIncomeTaxes`	$33.20M	USD	2 Qtrs
Income tax benefit	`IncomeTaxExpenseBenefit`	$-177.00K	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-355.00K	USD	2 Qtrs
Income tax benefit	`IncomeTaxExpenseBenefit`	$-183.00K	USD	2 Qtrs
Income tax benefit	`IncomeTaxExpenseBenefit`	$-200.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$33.38M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$39.38M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$21.38M	USD	1 Quarter
Net income	`NetIncomeLoss`	$30.89M	USD	1 Quarter
Basic and diluted net income per unit	`EarningsPerShareBasic`	$0.93	USD	2 Qtrs
Basic and diluted net income per unit	`EarningsPerShareBasic`	$0.73	USD	1 Quarter
Basic and diluted net income per unit	`EarningsPerShareBasic`	$0.50	USD	1 Quarter
Basic and diluted net income per unit	`EarningsPerShareBasic`	$0.78	USD	2 Qtrs
Weighted average number of basic and diluted units outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	42.51M	shares	2 Qtrs
Weighted average number of basic and diluted units outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	42.50M	shares	1 Quarter
Weighted average number of basic and diluted units outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	42.50M	shares	2 Qtrs
Weighted average number of basic and diluted units outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	42.51M	shares	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$33.38M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$39.38M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$21.38M	USD	1 Quarter
Net income	`NetIncomeLoss`	$30.89M	USD	1 Quarter
Equity in earnings of NuStar Energy L.P.	`IncomeLossFromEquityMethodInvestments`	$21.90M	USD	1 Quarter
Equity in earnings of NuStar Energy L.P.	`IncomeLossFromEquityMethodInvestments`	$23.81M	USD	1 Quarter
Equity in earnings of NuStar Energy L.P.	`IncomeLossFromEquityMethodInvestments`	$33.11M	USD	2 Qtrs
Equity in earnings of NuStar Energy L.P.	`IncomeLossFromEquityMethodInvestments`	$34.73M	USD	2 Qtrs
Distributions of equity in earnings from NuStar Energy L.P.	`EquityMethodInvestmentDividendsOrDistributions`	$34.73M	USD	2 Qtrs
Distributions of equity in earnings from NuStar Energy L.P.	`EquityMethodInvestmentDividendsOrDistributions`	$33.11M	USD	2 Qtrs
Gain related to issuance of NuStar Energy L.P. limited partner units	`GainLossOnSaleOfPreviouslyUnissuedStockBySubsidiaryOrEquityInvesteeNonoperatingIncome`	$7.77M	USD	2 Qtrs
Gain related to issuance of NuStar Energy L.P. limited partner units	`GainLossOnSaleOfPreviouslyUnissuedStockBySubsidiaryOrEquityInvesteeNonoperatingIncome`	-	USD	2 Qtrs
Provision (benefit) for deferred income tax	`DeferredIncomeTaxExpenseBenefit`	$-2.74M	USD	2 Qtrs
Provision (benefit) for deferred income tax	`DeferredIncomeTaxExpenseBenefit`	$508.00K	USD	2 Qtrs
Increase in employee benefit plan liabilities	`IncreaseDecreaseInPensionAndPostretirementObligations`	$4.70M	USD	2 Qtrs
Increase in employee benefit plan liabilities	`IncreaseDecreaseInPensionAndPostretirementObligations`	$6.63M	USD	2 Qtrs
Changes in current assets and liabilities (Note 7)	`IncreaseDecreaseInOperatingCapital`	$-6.45M	USD	2 Qtrs
Changes in current assets and liabilities (Note 7)	`IncreaseDecreaseInOperatingCapital`	$7.78M	USD	2 Qtrs
Other, net	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesOther`	$34.00K	USD	2 Qtrs
Other, net	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesOther`	$-1.56M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$29.41M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$41.83M	USD	2 Qtrs
Distributions in excess of equity in earnings from NuStar Energy L.P.	`DistributionsInExcessOfIncomeLossFromEquityMethodInvestments`	$3.42M	USD	2 Qtrs
Distributions in excess of equity in earnings from NuStar Energy L.P.	`DistributionsInExcessOfIncomeLossFromEquityMethodInvestments`	$7.23M	USD	2 Qtrs
Investment in NuStar Energy L.P.	`PaymentsToAcquireEquityMethodInvestments`	-	USD	2 Qtrs
Investment in NuStar Energy L.P.	`PaymentsToAcquireEquityMethodInvestments`	$5.08M	USD	2 Qtrs
Proceeds from sale of NuStar Energy L.P. units in connection with employee benefit plans	`ProceedsFromSaleOfEquityMethodInvestments`	$516.00K	USD	2 Qtrs
Proceeds from sale of NuStar Energy L.P. units in connection with employee benefit plans	`ProceedsFromSaleOfEquityMethodInvestments`	$2.25M	USD	2 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$3.94M	USD	2 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$4.40M	USD	2 Qtrs
Proceeds from short-term debt borrowings	`ProceedsFromShortTermDebt`	$5.20M	USD	2 Qtrs
Proceeds from short-term debt borrowings	`ProceedsFromShortTermDebt`	-	USD	2 Qtrs
Repayment of long-term debt	`RepaymentsOfLongTermDebt`	-	USD	2 Qtrs
Repayment of long-term debt	`RepaymentsOfLongTermDebt`	$6.50M	USD	2 Qtrs
Distributions to unitholders	`PaymentsOfDividendsCommonStock`	$37.63M	USD	2 Qtrs
Distributions to unitholders	`PaymentsOfDividendsCommonStock`	$36.55M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-32.43M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-43.05M	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.38M	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.71M	USD	2 Qtrs
Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$1.75M	USD	Point-in-time
Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$371.00K	USD	Point-in-time
Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$1.79M	USD	Point-in-time
Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$4.50M	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$1.75M	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$371.00K	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$1.79M	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$4.50M	USD	Point-in-time

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