v2.4.0.6
CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Service revenues:      
Third parties $ 824,899 $ 791,314 $ 745,349
Related party 1,039 0 0
Total service revenues 825,938 791,314 745,349
Product sales 5,749,317 3,611,747 3,110,522
Total revenues 6,575,255 4,403,061 3,855,871
Costs and expenses:      
Cost of product sales 5,460,520 3,350,429 2,883,187
Operating expenses:      
Third parties 378,843 348,398 334,065
Related party 150,159 137,634 124,827
Total operating expenses 529,002 486,032 458,892
General and administrative expenses:      
Third parties 36,830 38,687 35,855
Related party 66,623 71,554 58,878
Total general and administrative expenses 103,453 110,241 94,733
Depreciation and amortization expense 168,286 153,802 145,743
Total costs and expenses 6,261,261 4,100,504 3,582,555
Operating income 313,994 302,557 273,316
Equity in earnings of joint venture 11,458 10,500 9,615
Interest expense, net (83,681) (78,280) (79,384)
Other (expense) income, net (3,291) 15,934 31,859
Income before income tax expense 238,480 250,711 235,406
Income tax expense 16,879 11,741 10,531
Net income 221,601 238,970 224,875
Less net income attributable to noncontrolling interest 140 0 0
Net income attributable to NuStar Energy L.P. $ 221,461 $ 238,970 $ 224,875
Net income per unit applicable to limited partners (Note 20) $ 2.78 $ 3.19 $ 3.47
Weighted-average limited partner units outstanding 65,018,301 62,946,987 55,232,467