10-Q Filing

NUSTAR GP HOLDINGS, LLC CIK: 1223786 Q2 2016

Filing Information

Form Type	10-Q
Accession Number	`0001223786-16-000052`
Period End Date	20160630
Filing Date	20160808
Fiscal Year	2016
Fiscal Period	Q2
XBRL Instance	nsh-20160630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 48 Cash Flow Statement 53

Balance Sheet 52 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$34.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.84M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$333.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$315.00K	USD	Point-in-time
Receivable from related party	`DueFromRelatedPartiesCurrent`	-	USD	Point-in-time
Receivable from related party	`DueFromRelatedPartiesCurrent`	$14.80M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$1.21M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$1.21M	USD	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$69.00K	USD	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	-	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$313.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$344.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.84M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$16.46M	USD	Point-in-time
Investment in NuStar Energy L.P.	`EquityMethodInvestments`	$285.88M	USD	Point-in-time
Investment in NuStar Energy L.P.	`EquityMethodInvestments`	$306.69M	USD	Point-in-time
Long-term receivable from related party	`DueFromRelatedPartiesNoncurrent`	$32.08M	USD	Point-in-time
Long-term receivable from related party	`DueFromRelatedPartiesNoncurrent`	-	USD	Point-in-time
Deferred income tax assets, net	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$5.26M	USD	Point-in-time
Deferred income tax assets, net	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$5.04M	USD	Point-in-time
Total assets	`Assets`	$360.49M	USD	Point-in-time
Total assets	`Assets`	$292.76M	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$30.00M	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$26.00M	USD	Point-in-time
Payable to related party	`DueToRelatedPartiesCurrent`	-	USD	Point-in-time
Payable to related party	`DueToRelatedPartiesCurrent`	$186.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$20.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$636.00K	USD	Point-in-time
Accrued compensation expense	`EmployeeRelatedLiabilitiesCurrent`	-	USD	Point-in-time
Accrued compensation expense	`EmployeeRelatedLiabilitiesCurrent`	$8.99M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$331.00K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$340.00K	USD	Point-in-time
Deferred income tax liabilities, net	`DeferredTaxLiabilitiesCurrent`	$2.66M	USD	Point-in-time
Deferred income tax liabilities, net	`DeferredTaxLiabilitiesCurrent`	-	USD	Point-in-time
Taxes other than income tax	`OtherAccruedTaxesCurrent`	$73.00K	USD	Point-in-time
Taxes other than income tax	`OtherAccruedTaxesCurrent`	$1.94M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$30.61M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$40.56M	USD	Point-in-time
Long-term liabilities	`OtherLiabilitiesNoncurrent`	$32.86M	USD	Point-in-time
Long-term liabilities	`OtherLiabilitiesNoncurrent`	-	USD	Point-in-time
Commitments and contingencies (Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Members equity (42,931,242 and 42,930,549 common units outstanding as of June 30, 2016 and December 31, 2015, respectively)	`MembersCapital`	$281.00M	USD	Point-in-time
Members equity (42,931,242 and 42,930,549 common units outstanding as of June 30, 2016 and December 31, 2015, respectively)	`MembersCapital`	$295.73M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-8.66M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-18.85M	USD	Point-in-time
Total members equity	`MembersEquity`	$287.07M	USD	Point-in-time
Total members equity	`MembersEquity`	$262.15M	USD	Point-in-time
Total liabilities and members equity	`LiabilitiesAndStockholdersEquity`	$360.49M	USD	Point-in-time
Total liabilities and members equity	`LiabilitiesAndStockholdersEquity`	$292.76M	USD	Point-in-time
Common units outstanding	`CommonUnitOutstanding`	42.93M	shares	Point-in-time
Common units outstanding	`CommonUnitOutstanding`	42.93M	shares	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
Equity in earnings of NuStar Energy L.P.	`IncomeLossFromEquityMethodInvestments`	$16.57M	USD	1 Quarter
Equity in earnings of NuStar Energy L.P.	`IncomeLossFromEquityMethodInvestments`	$16.28M	USD	1 Quarter
Equity in earnings of NuStar Energy L.P.	`IncomeLossFromEquityMethodInvestments`	$44.09M	USD	2 Qtrs
Equity in earnings of NuStar Energy L.P.	`IncomeLossFromEquityMethodInvestments`	$33.30M	USD	2 Qtrs
Third parties	`GeneralandAdministrativeExpenseExcludingRelatedParty`	$1.87M	USD	2 Qtrs
Third parties	`GeneralandAdministrativeExpenseExcludingRelatedParty`	$1.34M	USD	2 Qtrs
Third parties	`GeneralandAdministrativeExpenseExcludingRelatedParty`	$921.00K	USD	1 Quarter
Third parties	`GeneralandAdministrativeExpenseExcludingRelatedParty`	$591.00K	USD	1 Quarter
Related party	`RelatedPartyGeneralAndAdministrativeExpense`	-	USD	1 Quarter
Related party	`RelatedPartyGeneralAndAdministrativeExpense`	$250.00K	USD	1 Quarter
Related party	`RelatedPartyGeneralAndAdministrativeExpense`	-	USD	2 Qtrs
Related party	`RelatedPartyGeneralAndAdministrativeExpense`	$333.00K	USD	2 Qtrs
Total general and administrative expenses	`GeneralAndAdministrativeExpense`	$1.87M	USD	2 Qtrs
Total general and administrative expenses	`GeneralAndAdministrativeExpense`	$841.00K	USD	1 Quarter
Total general and administrative expenses	`GeneralAndAdministrativeExpense`	$921.00K	USD	1 Quarter
Total general and administrative expenses	`GeneralAndAdministrativeExpense`	$1.67M	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$77.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$539.00K	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	-	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$613.00K	USD	2 Qtrs
Interest expense, net	`InterestExpenseDebt`	$513.00K	USD	2 Qtrs
Interest expense, net	`InterestExpenseDebt`	$267.00K	USD	1 Quarter
Interest expense, net	`InterestExpenseDebt`	$214.00K	USD	1 Quarter
Interest expense, net	`InterestExpenseDebt`	$427.00K	USD	2 Qtrs
Income before income tax (expense) benefit	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$31.72M	USD	2 Qtrs
Income before income tax (expense) benefit	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$42.33M	USD	2 Qtrs
Income before income tax (expense) benefit	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$15.17M	USD	1 Quarter
Income before income tax (expense) benefit	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$15.51M	USD	1 Quarter
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$99.00K	USD	1 Quarter
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$-17.00K	USD	1 Quarter
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$-27.00K	USD	2 Qtrs
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$-2.00K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$31.75M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$42.33M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$15.53M	USD	1 Quarter
Net income	`NetIncomeLoss`	$15.07M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$11.61M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$43.37M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$19.83M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$21.57M	USD	2 Qtrs
Basic and diluted net income per unit	`EarningsPerShareBasicAndDiluted`	$0.99	USD	2 Qtrs
Basic and diluted net income per unit	`EarningsPerShareBasicAndDiluted`	$0.35	USD	1 Quarter
Basic and diluted net income per unit	`EarningsPerShareBasicAndDiluted`	$0.74	USD	2 Qtrs
Basic and diluted net income per unit	`EarningsPerShareBasicAndDiluted`	$0.37	USD	1 Quarter
Weighted-average number of basic and diluted units outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	42.91M	shares	1 Quarter
Weighted-average number of basic and diluted units outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	42.91M	shares	2 Qtrs
Weighted-average number of basic and diluted units outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	42.93M	shares	1 Quarter
Weighted-average number of basic and diluted units outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	42.93M	shares	2 Qtrs

Cash Flow Statement 53 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$31.75M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$42.33M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$15.53M	USD	1 Quarter
Net income	`NetIncomeLoss`	$15.07M	USD	1 Quarter
Equity in earnings of NuStar Energy L.P.	`IncomeLossFromEquityMethodInvestments`	$16.57M	USD	1 Quarter
Equity in earnings of NuStar Energy L.P.	`IncomeLossFromEquityMethodInvestments`	$16.28M	USD	1 Quarter
Equity in earnings of NuStar Energy L.P.	`IncomeLossFromEquityMethodInvestments`	$44.09M	USD	2 Qtrs
Equity in earnings of NuStar Energy L.P.	`IncomeLossFromEquityMethodInvestments`	$33.30M	USD	2 Qtrs
Distributions of equity in earnings from NuStar Energy L.P.	`EquityMethodInvestmentDividendsOrDistributions`	$33.30M	USD	2 Qtrs
Distributions of equity in earnings from NuStar Energy L.P.	`EquityMethodInvestmentDividendsOrDistributions`	$44.09M	USD	2 Qtrs
Gain on sale of NuStar Energy L.P. limited partner units in connection with unit-based compensation	`GainLossOnSaleOfUnits`	$613.00K	USD	2 Qtrs
Gain on sale of NuStar Energy L.P. limited partner units in connection with unit-based compensation	`GainLossOnSaleOfUnits`	$539.00K	USD	2 Qtrs
Unit-based compensation expense	`ShareBasedCompensation`	$112.00K	USD	2 Qtrs
Unit-based compensation expense	`ShareBasedCompensation`	$287.00K	USD	2 Qtrs
Amortization of deferred debt costs	`AmortizationOfFinancingCosts`	$72.00K	USD	2 Qtrs
Amortization of deferred debt costs	`AmortizationOfFinancingCosts`	$84.00K	USD	2 Qtrs
Benefit for deferred income tax	`DeferredIncomeTaxExpenseBenefit`	$-29.00K	USD	2 Qtrs
Benefit for deferred income tax	`DeferredIncomeTaxExpenseBenefit`	$-3.00K	USD	2 Qtrs
Changes in current assets and liabilities (Note 6)	`IncreaseDecreaseInOperatingCapital`	$4.41M	USD	2 Qtrs
Changes in current assets and liabilities (Note 6)	`IncreaseDecreaseInOperatingCapital`	$1.64M	USD	2 Qtrs
Increase in long-term receivable from related party	`IncreaseDecreaseInDueFromRelatedPartiesNoncurrent`	$-898.00K	USD	2 Qtrs
Increase in long-term receivable from related party	`IncreaseDecreaseInDueFromRelatedPartiesNoncurrent`	$-3.90M	USD	2 Qtrs
Increase in long-term receivable from related party	`IncreaseDecreaseInDueFromRelatedPartiesNoncurrent`	$-32.66M	USD	Point-in-time
Increase in long-term liabilities	`IncreaseDecreaseInPensionAndPostretirementObligations`	$1.18M	USD	2 Qtrs
Increase in long-term liabilities	`IncreaseDecreaseInPensionAndPostretirementObligations`	$3.90M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$40.34M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$27.35M	USD	2 Qtrs
Distributions in excess of equity in earnings from NuStar Energy L.P.	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$3.87M	USD	2 Qtrs
Distributions in excess of equity in earnings from NuStar Energy L.P.	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$14.61M	USD	2 Qtrs
Investment in NuStar Energy L.P.	`PaymentsToAcquireEquityMethodInvestments`	$161.00K	USD	2 Qtrs
Investment in NuStar Energy L.P.	`PaymentsToAcquireEquityMethodInvestments`	$1.82M	USD	2 Qtrs
Proceeds from sale of NuStar Energy L.P. units in connection with unit-based compensation	`ProceedsFromSaleOfEquityMethodInvestments`	$1.89M	USD	2 Qtrs
Proceeds from sale of NuStar Energy L.P. units in connection with unit-based compensation	`ProceedsFromSaleOfEquityMethodInvestments`	$1.32M	USD	2 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$15.77M	USD	2 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$3.93M	USD	2 Qtrs
Proceeds from short-term debt borrowings	`ProceedsFromShortTermDebt`	$4.00M	USD	2 Qtrs
Proceeds from short-term debt borrowings	`ProceedsFromShortTermDebt`	-	USD	2 Qtrs
Distributions to unitholders	`PaymentsOfDividendsCommonStock`	$46.79M	USD	2 Qtrs
Distributions to unitholders	`PaymentsOfDividendsCommonStock`	$46.79M	USD	2 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-41.00K	USD	2 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$15.00K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-42.84M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-46.78M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.51M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$281.00K	USD	2 Qtrs
Cash and cash equivalents as of the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$34.00K	USD	Point-in-time
Cash and cash equivalents as of the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$2.84M	USD	Point-in-time
Cash and cash equivalents as of the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$333.00K	USD	Point-in-time
Cash and cash equivalents as of the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$315.00K	USD	Point-in-time
Cash and cash equivalents as of the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$34.00K	USD	Point-in-time
Cash and cash equivalents as of the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$2.84M	USD	Point-in-time
Cash and cash equivalents as of the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$333.00K	USD	Point-in-time
Cash and cash equivalents as of the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$315.00K	USD	Point-in-time

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