10-Q Filing

NUSTAR GP HOLDINGS, LLC CIK: 1223786 Q2 2017

Filing Information

Form Type	10-Q
Accession Number	`0001223786-17-000021`
Period End Date	20170630
Filing Date	20170808
Fiscal Year	2017
Fiscal Period	Q2
XBRL Instance	nsh-20170630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 40 Income Statement 48 Cash Flow Statement 56

Balance Sheet 40 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$207.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$287.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$34.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$315.00K	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$303.00K	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$303.00K	USD	Point-in-time
Prepaid expenses and other current assets	`OtherAssetsCurrent`	$313.00K	USD	Point-in-time
Prepaid expenses and other current assets	`OtherAssetsCurrent`	$292.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$903.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$802.00K	USD	Point-in-time
Investment in NuStar Energy L.P.	`EquityMethodInvestments`	$268.74M	USD	Point-in-time
Investment in NuStar Energy L.P.	`EquityMethodInvestments`	$304.99M	USD	Point-in-time
Deferred income tax assets, net	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$5.08M	USD	Point-in-time
Deferred income tax assets, net	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$5.09M	USD	Point-in-time
Total assets	`Assets`	$274.63M	USD	Point-in-time
Total assets	`Assets`	$310.97M	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$42.50M	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$30.00M	USD	Point-in-time
Payable to related party	`DueToRelatedPartiesCurrent`	$86.00K	USD	Point-in-time
Payable to related party	`DueToRelatedPartiesCurrent`	$317.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$7.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.00K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$312.00K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$460.00K	USD	Point-in-time
Taxes other than income tax	`OtherAccruedTaxesCurrent`	$5.00K	USD	Point-in-time
Taxes other than income tax	`OtherAccruedTaxesCurrent`	$64.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$42.91M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$30.84M	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 (42,951,749 common units outstanding as of June 30, 2017 and December 31, 2016)	`MembersCapital`	$279.45M	USD	Point-in-time
Members equity (42,951,749 common units outstanding as of June 30, 2017 and December 31, 2016)	`MembersCapital`	$257.66M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-11.39M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-13.87M	USD	Point-in-time
Total members equity	`MembersEquity`	$243.79M	USD	Point-in-time
Total members equity	`MembersEquity`	$268.06M	USD	Point-in-time
Total liabilities and members equity	`LiabilitiesAndStockholdersEquity`	$274.63M	USD	Point-in-time
Total liabilities and members equity	`LiabilitiesAndStockholdersEquity`	$310.97M	USD	Point-in-time
Common units outstanding	`CommonUnitOutstanding`	42.95M	shares	Point-in-time
Common units outstanding	`CommonUnitOutstanding`	42.95M	shares	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
Equity in earnings of NuStar Energy L.P.	`IncomeLossFromEquityMethodInvestments`	$10.96M	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`	$29.07M	USD	2 Qtrs
Equity in earnings of NuStar Energy L.P.	`IncomeLossFromEquityMethodInvestments`	$33.30M	USD	2 Qtrs
Third parties	`GeneralandAdministrativeExpenseExcludingRelatedParty`	$1.20M	USD	2 Qtrs
Third parties	`GeneralandAdministrativeExpenseExcludingRelatedParty`	$613.00K	USD	1 Quarter
Third parties	`GeneralandAdministrativeExpenseExcludingRelatedParty`	$591.00K	USD	1 Quarter
Third parties	`GeneralandAdministrativeExpenseExcludingRelatedParty`	$1.34M	USD	2 Qtrs
Related party	`RelatedPartyGeneralAndAdministrativeExpense`	$250.00K	USD	1 Quarter
Related party	`RelatedPartyGeneralAndAdministrativeExpense`	$333.00K	USD	2 Qtrs
Related party	`RelatedPartyGeneralAndAdministrativeExpense`	$242.00K	USD	1 Quarter
Related party	`RelatedPartyGeneralAndAdministrativeExpense`	$483.00K	USD	2 Qtrs
Total general and administrative expenses	`GeneralAndAdministrativeExpense`	$841.00K	USD	1 Quarter
Total general and administrative expenses	`GeneralAndAdministrativeExpense`	$1.67M	USD	2 Qtrs
Total general and administrative expenses	`GeneralAndAdministrativeExpense`	$1.68M	USD	2 Qtrs
Total general and administrative expenses	`GeneralAndAdministrativeExpense`	$855.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$41.60M	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	-	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$613.00K	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$41.60M	USD	1 Quarter
Interest expense, net	`InterestExpenseDebt`	$513.00K	USD	2 Qtrs
Interest expense, net	`InterestExpenseDebt`	$394.00K	USD	1 Quarter
Interest expense, net	`InterestExpenseDebt`	$686.00K	USD	2 Qtrs
Interest expense, net	`InterestExpenseDebt`	$267.00K	USD	1 Quarter
Income before income tax (expense) benefit	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$31.72M	USD	2 Qtrs
Income before income tax (expense) benefit	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$68.31M	USD	2 Qtrs
Income before income tax (expense) benefit	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$51.32M	USD	1 Quarter
Income before income tax (expense) benefit	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$15.17M	USD	1 Quarter
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$6.00K	USD	2 Qtrs
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$6.00K	USD	1 Quarter
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$99.00K	USD	1 Quarter
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$-27.00K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$51.31M	USD	1 Quarter
Net income	`NetIncomeLoss`	$31.75M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$15.07M	USD	1 Quarter
Net income	`NetIncomeLoss`	$68.30M	USD	2 Qtrs
Net income per unit	`EarningsPerShareBasicAndDiluted`	$0.35	USD	1 Quarter
Net income per unit	`EarningsPerShareBasicAndDiluted`	$0.74	USD	2 Qtrs
Net income per unit	`EarningsPerShareBasicAndDiluted`	$1.58	USD	2 Qtrs
Net income per unit	`EarningsPerShareBasicAndDiluted`	$1.19	USD	1 Quarter
Weighted-average number of common units outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	42.93M	shares	1 Quarter
Weighted-average number of common units outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	42.95M	shares	2 Qtrs
Weighted-average number of common units outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	42.93M	shares	2 Qtrs
Weighted-average number of common units outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	42.95M	shares	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$70.78M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$21.57M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$11.61M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$53.23M	USD	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$51.31M	USD	1 Quarter
Net income	`NetIncomeLoss`	$31.75M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$15.07M	USD	1 Quarter
Net income	`NetIncomeLoss`	$68.30M	USD	2 Qtrs
Equity in earnings of NuStar Energy L.P.	`IncomeLossFromEquityMethodInvestments`	$10.96M	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`	$29.07M	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`	$29.07M	USD	2 Qtrs
Gain related to NuStar Energy L.P.s issuance of common limited partner units	`GainLossOnSaleOfPreviouslyUnissuedStockBySubsidiaryOrEquityInvesteeNonoperatingIncome`	-	USD	2 Qtrs
Gain related to NuStar Energy L.P.s issuance of common limited partner units	`GainLossOnSaleOfPreviouslyUnissuedStockBySubsidiaryOrEquityInvesteeNonoperatingIncome`	$41.60M	USD	2 Qtrs
Gain on sale of NuStar Energy L.P. common limited partner units in connection with unit-based compensation	`GainLossOnSaleOfUnits`	$613.00K	USD	2 Qtrs
Gain on sale of NuStar Energy L.P. common limited partner units in connection with unit-based compensation	`GainLossOnSaleOfUnits`	-	USD	2 Qtrs
Unit-based compensation expense	`ShareBasedCompensation`	$408.00K	USD	2 Qtrs
Unit-based compensation expense	`ShareBasedCompensation`	$287.00K	USD	2 Qtrs
Amortization of deferred debt costs	`AmortizationOfFinancingCosts`	$85.00K	USD	2 Qtrs
Amortization of deferred debt costs	`AmortizationOfFinancingCosts`	$84.00K	USD	2 Qtrs
Provision (benefit) for deferred income tax	`DeferredIncomeTaxExpenseBenefit`	$6.00K	USD	2 Qtrs
Provision (benefit) for deferred income tax	`DeferredIncomeTaxExpenseBenefit`	$-29.00K	USD	2 Qtrs
Changes in current assets and liabilities (Note 6)	`IncreaseDecreaseInOperatingCapital`	$373.00K	USD	2 Qtrs
Changes in current assets and liabilities (Note 6)	`IncreaseDecreaseInOperatingCapital`	$4.41M	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`	-	USD	2 Qtrs
Increase in long-term liabilities	`IncreaseDecreaseInPensionAndPostretirementObligations`	$1.18M	USD	2 Qtrs
Increase in long-term liabilities	`IncreaseDecreaseInPensionAndPostretirementObligations`	-	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$26.83M	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`	$14.61M	USD	2 Qtrs
Distributions in excess of equity in earnings from NuStar Energy L.P.	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$21.44M	USD	2 Qtrs
Investment in NuStar Energy L.P.	`PaymentsToAcquireEquityMethodInvestments`	$13.60M	USD	2 Qtrs
Investment in NuStar Energy L.P.	`PaymentsToAcquireEquityMethodInvestments`	$161.00K	USD	2 Qtrs
Proceeds from sale of NuStar Energy L.P. common units in connection with unit-based compensation	`ProceedsFromSaleOfEquityMethodInvestments`	$1.32M	USD	2 Qtrs
Proceeds from sale of NuStar Energy L.P. common units in connection with unit-based compensation	`ProceedsFromSaleOfEquityMethodInvestments`	-	USD	2 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$7.84M	USD	2 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$15.77M	USD	2 Qtrs
Proceeds from short-term debt borrowings	`ProceedsFromShortTermDebt`	$4.00M	USD	2 Qtrs
Proceeds from short-term debt borrowings	`ProceedsFromShortTermDebt`	$15.50M	USD	2 Qtrs
Repayment of short-term debt	`RepaymentsOfShortTermDebt`	-	USD	2 Qtrs
Repayment of short-term debt	`RepaymentsOfShortTermDebt`	$3.00M	USD	2 Qtrs
Distributions to unitholders	`PaymentsOfDividendsCommonStock`	$46.79M	USD	2 Qtrs
Distributions to unitholders	`PaymentsOfDividendsCommonStock`	$46.82M	USD	2 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-41.00K	USD	2 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-268.00K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-34.59M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-42.84M	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$80.00K	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$281.00K	USD	2 Qtrs
Cash and cash equivalents as of the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$207.00K	USD	Point-in-time
Cash and cash equivalents as of the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$287.00K	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`	$315.00K	USD	Point-in-time
Cash and cash equivalents as of the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$207.00K	USD	Point-in-time
Cash and cash equivalents as of the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$287.00K	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`	$315.00K	USD	Point-in-time

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