10-Q Filing

NUSTAR GP HOLDINGS, LLC CIK: 1223786 Q3 2016

Filing Information

Form Type	10-Q
Accession Number	`0001223786-16-000061`
Period End Date	20160930
Filing Date	20161107
Fiscal Year	2016
Fiscal Period	Q3
XBRL Instance	nsh-20160930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 48 Cash Flow Statement 55

Balance Sheet 52 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$360.00K	USD	Point-in-time
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`	$266.00K	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`	$303.00K	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`	$344.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$239.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$902.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$16.46M	USD	Point-in-time
Investment in NuStar Energy L.P.	`EquityMethodInvestments`	$306.69M	USD	Point-in-time
Investment in NuStar Energy L.P.	`EquityMethodInvestments`	$280.53M	USD	Point-in-time
Long-term receivable from related party	`DueFromRelatedPartiesNoncurrent`	-	USD	Point-in-time
Long-term receivable from related party	`DueFromRelatedPartiesNoncurrent`	$32.08M	USD	Point-in-time
Deferred income tax assets, net	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$5.26M	USD	Point-in-time
Deferred income tax assets, net	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$5.07M	USD	Point-in-time
Total assets	`Assets`	$360.49M	USD	Point-in-time
Total assets	`Assets`	$286.51M	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`	$83.00K	USD	Point-in-time
Payable to related party	`DueToRelatedPartiesCurrent`	-	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$636.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.00K	USD	Point-in-time
Accrued compensation expense	`EmployeeRelatedLiabilitiesCurrent`	$8.99M	USD	Point-in-time
Accrued compensation expense	`EmployeeRelatedLiabilitiesCurrent`	-	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$340.00K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$351.00K	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`	$114.00K	USD	Point-in-time
Taxes other than income tax	`OtherAccruedTaxesCurrent`	$1.94M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$30.55M	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 September 30, 2016 and December 31, 2015, respectively)	`MembersCapital`	$295.73M	USD	Point-in-time
Members equity (42,931,242 and 42,930,549 common units outstanding as of September 30, 2016 and December 31, 2015, respectively)	`MembersCapital`	$275.05M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-19.09M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-8.66M	USD	Point-in-time
Total members equity	`MembersEquity`	$255.96M	USD	Point-in-time
Total members equity	`MembersEquity`	$287.07M	USD	Point-in-time
Total liabilities and members equity	`LiabilitiesAndStockholdersEquity`	$286.51M	USD	Point-in-time
Total liabilities and members equity	`LiabilitiesAndStockholdersEquity`	$360.49M	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`	$18.19M	USD	1 Quarter
Equity in earnings of NuStar Energy L.P.	`IncomeLossFromEquityMethodInvestments`	$62.28M	USD	3 Qtrs
Equity in earnings of NuStar Energy L.P.	`IncomeLossFromEquityMethodInvestments`	$16.13M	USD	1 Quarter
Equity in earnings of NuStar Energy L.P.	`IncomeLossFromEquityMethodInvestments`	$49.42M	USD	3 Qtrs
Third parties	`GeneralandAdministrativeExpenseExcludingRelatedParty`	$2.70M	USD	3 Qtrs
Third parties	`GeneralandAdministrativeExpenseExcludingRelatedParty`	$825.00K	USD	1 Quarter
Third parties	`GeneralandAdministrativeExpenseExcludingRelatedParty`	$1.79M	USD	3 Qtrs
Third parties	`GeneralandAdministrativeExpenseExcludingRelatedParty`	$454.00K	USD	1 Quarter
Related party	`RelatedPartyGeneralAndAdministrativeExpense`	$583.00K	USD	3 Qtrs
Related party	`RelatedPartyGeneralAndAdministrativeExpense`	-	USD	3 Qtrs
Related party	`RelatedPartyGeneralAndAdministrativeExpense`	-	USD	1 Quarter
Related party	`RelatedPartyGeneralAndAdministrativeExpense`	$250.00K	USD	1 Quarter
Total general and administrative expenses	`GeneralAndAdministrativeExpense`	$704.00K	USD	1 Quarter
Total general and administrative expenses	`GeneralAndAdministrativeExpense`	$825.00K	USD	1 Quarter
Total general and administrative expenses	`GeneralAndAdministrativeExpense`	$2.70M	USD	3 Qtrs
Total general and administrative expenses	`GeneralAndAdministrativeExpense`	$2.38M	USD	3 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$2.75M	USD	3 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$536.00K	USD	3 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$2.14M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-3.00K	USD	1 Quarter
Interest expense, net	`InterestExpenseDebt`	$789.00K	USD	3 Qtrs
Interest expense, net	`InterestExpenseDebt`	$234.00K	USD	1 Quarter
Interest expense, net	`InterestExpenseDebt`	$276.00K	USD	1 Quarter
Interest expense, net	`InterestExpenseDebt`	$661.00K	USD	3 Qtrs
Income before income tax benefit (expense)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$49.01M	USD	3 Qtrs
Income before income tax benefit (expense)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$59.46M	USD	3 Qtrs
Income before income tax benefit (expense)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$17.29M	USD	1 Quarter
Income before income tax benefit (expense)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$17.13M	USD	1 Quarter
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	$215.00K	USD	1 Quarter
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	$-55.00K	USD	3 Qtrs
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	$213.00K	USD	3 Qtrs
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	$-28.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$59.25M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$49.07M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$17.32M	USD	1 Quarter
Net income	`NetIncomeLoss`	$16.92M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$38.64M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$56.14M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$12.76M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$17.08M	USD	1 Quarter
Basic and diluted net income per unit	`EarningsPerShareBasicAndDiluted`	$0.39	USD	1 Quarter
Basic and diluted net income per unit	`EarningsPerShareBasicAndDiluted`	$0.40	USD	1 Quarter
Basic and diluted net income per unit	`EarningsPerShareBasicAndDiluted`	$1.14	USD	3 Qtrs
Basic and diluted net income per unit	`EarningsPerShareBasicAndDiluted`	$1.38	USD	3 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`	42.91M	shares	3 Qtrs
Weighted-average number of basic and diluted units outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	42.93M	shares	3 Qtrs
Weighted-average number of basic and diluted units outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	42.91M	shares	1 Quarter

Cash Flow Statement 55 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$59.25M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$49.07M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$17.32M	USD	1 Quarter
Net income	`NetIncomeLoss`	$16.92M	USD	1 Quarter
Equity in earnings of NuStar Energy L.P.	`IncomeLossFromEquityMethodInvestments`	$18.19M	USD	1 Quarter
Equity in earnings of NuStar Energy L.P.	`IncomeLossFromEquityMethodInvestments`	$62.28M	USD	3 Qtrs
Equity in earnings of NuStar Energy L.P.	`IncomeLossFromEquityMethodInvestments`	$16.13M	USD	1 Quarter
Equity in earnings of NuStar Energy L.P.	`IncomeLossFromEquityMethodInvestments`	$49.42M	USD	3 Qtrs
Distributions of equity in earnings from NuStar Energy L.P.	`EquityMethodInvestmentDividendsOrDistributions`	$62.28M	USD	3 Qtrs
Distributions of equity in earnings from NuStar Energy L.P.	`EquityMethodInvestmentDividendsOrDistributions`	$49.42M	USD	3 Qtrs
Gain related to NuStar Energy L.P.s issuance of limited partner units	`GainLossOnSaleOfPreviouslyUnissuedStockBySubsidiaryOrEquityInvesteeNonoperatingIncome`	-	USD	3 Qtrs
Gain related to NuStar Energy L.P.s issuance of limited partner units	`GainLossOnSaleOfPreviouslyUnissuedStockBySubsidiaryOrEquityInvesteeNonoperatingIncome`	$2.14M	USD	3 Qtrs
Gain on sale of NuStar Energy L.P. limited partner units in connection with unit-based compensation	`GainLossOnSaleOfUnits`	$613.00K	USD	3 Qtrs
Gain on sale of NuStar Energy L.P. limited partner units in connection with unit-based compensation	`GainLossOnSaleOfUnits`	$536.00K	USD	3 Qtrs
Unit-based compensation expense	`ShareBasedCompensation`	$460.00K	USD	3 Qtrs
Unit-based compensation expense	`ShareBasedCompensation`	$169.00K	USD	3 Qtrs
Amortization of deferred debt costs	`AmortizationOfFinancingCosts`	$126.00K	USD	3 Qtrs
Amortization of deferred debt costs	`AmortizationOfFinancingCosts`	$113.00K	USD	3 Qtrs
(Benefit) provision for deferred income tax	`DeferredIncomeTaxExpenseBenefit`	$-63.00K	USD	3 Qtrs
(Benefit) provision for deferred income tax	`DeferredIncomeTaxExpenseBenefit`	$264.00K	USD	3 Qtrs
Changes in current assets and liabilities (Note 6)	`IncreaseDecreaseInOperatingCapital`	$-3.13M	USD	3 Qtrs
Changes in current assets and liabilities (Note 6)	`IncreaseDecreaseInOperatingCapital`	$3.53M	USD	3 Qtrs
(Increase) decrease in long-term receivable from related party	`IncreaseDecreaseInDueFromRelatedPartiesNoncurrent`	$-899.00K	USD	3 Qtrs
(Increase) decrease in long-term receivable from related party	`IncreaseDecreaseInDueFromRelatedPartiesNoncurrent`	$2.17M	USD	3 Qtrs
(Increase) decrease in long-term receivable from related party	`IncreaseDecreaseInDueFromRelatedPartiesNoncurrent`	$-32.66M	USD	Point-in-time
Increase (decrease) in long-term liabilities	`IncreaseDecreaseInPensionAndPostretirementObligations`	$-2.17M	USD	3 Qtrs
Increase (decrease) in long-term liabilities	`IncreaseDecreaseInPensionAndPostretirementObligations`	$1.18M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$43.59M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$62.39M	USD	3 Qtrs
Distributions in excess of equity in earnings from NuStar Energy L.P.	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$22.43M	USD	3 Qtrs
Distributions in excess of equity in earnings from NuStar Energy L.P.	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$9.66M	USD	3 Qtrs
Investment in NuStar Energy L.P.	`PaymentsToAcquireEquityMethodInvestments`	$737.00K	USD	3 Qtrs
Investment in NuStar Energy L.P.	`PaymentsToAcquireEquityMethodInvestments`	$6.42M	USD	3 Qtrs
Proceeds from sale of NuStar Energy L.P. units in connection with unit-based compensation	`ProceedsFromSaleOfEquityMethodInvestments`	$1.96M	USD	3 Qtrs
Proceeds from sale of NuStar Energy L.P. units in connection with unit-based compensation	`ProceedsFromSaleOfEquityMethodInvestments`	$1.32M	USD	3 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$23.01M	USD	3 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$5.20M	USD	3 Qtrs
Proceeds from short-term debt borrowings	`ProceedsFromShortTermDebt`	$4.00M	USD	3 Qtrs
Proceeds from short-term debt borrowings	`ProceedsFromShortTermDebt`	-	USD	3 Qtrs
Distributions to unitholders	`PaymentsOfDividendsCommonStock`	$70.18M	USD	3 Qtrs
Distributions to unitholders	`PaymentsOfDividendsCommonStock`	$70.19M	USD	3 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$15.00K	USD	3 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-84.00K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-70.16M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-66.28M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.57M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$326.00K	USD	3 Qtrs
Cash and cash equivalents as of the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$360.00K	USD	Point-in-time
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`	$266.00K	USD	Point-in-time
Cash and cash equivalents as of the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$360.00K	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`	$266.00K	USD	Point-in-time

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