|
CONDENSED CONSOLIDATING FINANCIAL STATEMENTS (Tables)
|
3 Months Ended |
|
Mar. 31, 2012
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| CONDENSED CONSOLIDATING FINANCIAL STATEMENTS [Abstract] |
|
| Condensed Consolidating Balance Sheet Current Period [Text Block] |
Condensed Consolidating Balance Sheets March 31, 2012 (Thousands of Dollars) | | | | | | | | | | | | | | | | | | | | | | | | | | NuStar Energy | | NuStar Logistics | | NuPOP | | Non-Guarantor Subsidiaries (a) | | Eliminations | | Consolidated | Assets | | | | | | | | | | | | Cash and cash equivalents | $ | 135 |
| | $ | 20 |
| | $ | — |
| | $ | 37,541 |
| | $ | — |
| | $ | 37,696 |
| Receivables, net | 16 |
| | 41,794 |
| | 8,819 |
| | 464,700 |
| | (19,347 | ) | | 495,982 |
| Inventories | — |
| | 2,692 |
| | 4,891 |
| | 766,485 |
| | (60 | ) | | 774,008 |
| Income tax receivable | — |
| | — |
| | — |
| | 9,221 |
| | — |
| | 9,221 |
| Other current assets | — |
| | 6,975 |
| | 1,811 |
| | 42,703 |
| | — |
| | 51,489 |
| Intercompany receivable | — |
| | 1,205,898 |
| | 541,121 |
| | — |
| | (1,747,019 | ) | | — |
| Total current assets | 151 |
| | 1,257,379 |
| | 556,642 |
| | 1,320,650 |
| | (1,766,426 | ) | | 1,368,396 |
| Property, plant and equipment, net | — |
| | 1,210,755 |
| | 591,803 |
| | 1,697,071 |
| | — |
| | 3,499,629 |
| Intangible assets, net | — |
| | 1,954 |
| | — |
| | 34,946 |
| | — |
| | 36,900 |
| Goodwill | — |
| | 18,094 |
| | 170,652 |
| | 660,294 |
| | — |
| | 849,040 |
| Investment in wholly owned subsidiaries | 3,323,880 |
| | 195,342 |
| | 1,185,526 |
| | 2,252,840 |
| | (6,957,588 | ) | | — |
| Investment in joint venture | — |
| | — |
| | — |
| | 69,073 |
| | — |
| | 69,073 |
| Deferred income tax asset | — |
| | — |
| | — |
| | 10,479 |
| | — |
| | 10,479 |
| Other long-term assets, net | 461 |
| | 173,874 |
| | 26,329 |
| | 49,247 |
| | — |
| | 249,911 |
| Total assets | $ | 3,324,492 |
| | $ | 2,857,398 |
| | $ | 2,530,952 |
| | $ | 6,094,600 |
| | $ | (8,724,014 | ) | | $ | 6,083,428 |
| Liabilities and Partners’ Equity | | | | | | | | | | | | Current portion of long-term debt | $ | — |
| | $ | 797,791 |
| | $ | — |
| | $ | 33,583 |
| | $ | — |
| | $ | 831,374 |
| Payables | 88 |
| | 34,702 |
| | 13,400 |
| | 514,845 |
| | (19,347 | ) | | 543,688 |
| Accrued interest payable | — |
| | 19,374 |
| | 4,896 |
| | 13 |
| | — |
| | 24,283 |
| Accrued liabilities | 653 |
| | 17,187 |
| | 3,653 |
| | 54,218 |
| | — |
| | 75,711 |
| Taxes other than income tax | 188 |
| | 4,847 |
| | 3,347 |
| | 4,632 |
| | — |
| | 13,014 |
| Income tax payable | — |
| | 442 |
| | 8 |
| | 4,170 |
| | — |
| | 4,620 |
| Intercompany payable | 506,949 |
| | — |
| | — |
| | 1,240,070 |
| | (1,747,019 | ) | | — |
| Total current liabilities | 507,878 |
| | 874,343 |
| | 25,304 |
| | 1,851,531 |
| | (1,766,366 | ) | | 1,492,690 |
| Long-term debt, less current portion | — |
| | 1,437,397 |
| | 252,641 |
| | — |
| | — |
| | 1,690,038 |
| Long-term payable to related party | — |
| | 7,203 |
| | — |
| | 6,469 |
| | — |
| | 13,672 |
| Deferred income tax liability | — |
| | — |
| | — |
| | 36,670 |
| | — |
| | 36,670 |
| Other long-term liabilities | — |
| | 14,189 |
| | 198 |
| | 71,753 |
| | — |
| | 86,140 |
| Total partners’ equity | 2,816,614 |
| | 524,266 |
| | 2,252,809 |
| | 4,128,177 |
| | (6,957,648 | ) | | 2,764,218 |
| Total liabilities and partners’ equity | $ | 3,324,492 |
| | $ | 2,857,398 |
| | $ | 2,530,952 |
| | $ | 6,094,600 |
| | $ | (8,724,014 | ) | | $ | 6,083,428 |
|
| | (a) | Non-guarantor subsidiaries are wholly owned by NuStar Energy, NuStar Logistics or NuPOP. |
|
| Condensed Consolidating Balance Sheet Prior Period [Text Block] |
Condensed Consolidating Balance Sheets December 31, 2011 (Thousands of Dollars) | | | | | | | | | | | | | | | | | | | | | | | | | | NuStar Energy | | NuStar Logistics | | NuPOP | | Non-Guarantor Subsidiaries (a) | | Eliminations | | Consolidated | Assets | | | | | | | | | | | | Cash and cash equivalents | $ | 139 |
| | $ | 14 |
| | $ | — |
| | $ | 17,344 |
| | $ | — |
| | $ | 17,497 |
| Receivables, net | — |
| | 27,533 |
| | 6,877 |
| | 514,477 |
| | (1,079 | ) | | 547,808 |
| Inventories | — |
| | 2,311 |
| | 6,370 |
| | 579,152 |
| | (48 | ) | | 587,785 |
| Income tax receivable | — |
| | — |
| | — |
| | 4,148 |
| | — |
| | 4,148 |
| Other current assets | — |
| | 9,796 |
| | 2,423 |
| | 31,466 |
| | — |
| | 43,685 |
| Intercompany receivable | — |
| | 893,268 |
| | 780,066 |
| | — |
| | (1,673,334 | ) | | — |
| Total current assets | 139 |
| | 932,922 |
| | 795,736 |
| | 1,146,587 |
| | (1,674,461 | ) | | 1,200,923 |
| Property, plant and equipment, net | — |
| | 1,150,318 |
| | 596,229 |
| | 1,683,921 |
| | — |
| | 3,430,468 |
| Intangible assets, net | — |
| | 1,966 |
| | — |
| | 36,957 |
| | — |
| | 38,923 |
| Goodwill | — |
| | 18,094 |
| | 170,652 |
| | 657,971 |
| | — |
| | 846,717 |
| Investment in wholly owned subsidiaries | 3,386,170 |
| | 220,513 |
| | 1,159,620 |
| | 2,216,792 |
| | (6,983,095 | ) | | — |
| Investment in joint venture | — |
| | — |
| | — |
| | 66,687 |
| | — |
| | 66,687 |
| Deferred income tax asset | — |
| | — |
| | — |
| | 9,141 |
| | — |
| | 9,141 |
| Other long-term assets, net | 364 |
| | 192,007 |
| | 26,329 |
| | 69,631 |
| | — |
| | 288,331 |
| Total assets | $ | 3,386,673 |
| | $ | 2,515,820 |
| | $ | 2,748,566 |
| | $ | 5,887,687 |
| | $ | (8,657,556 | ) | | $ | 5,881,190 |
| Liabilities and Partners’ Equity | | | | | | | | | | | | Current portion of long-term debt | $ | — |
| | $ | 331,317 |
| | $ | 1,060 |
| | $ | 32,582 |
| | $ | — |
| | $ | 364,959 |
| Payables | — |
| | 32,590 |
| | 11,512 |
| | 418,038 |
| | (1,079 | ) | | 461,061 |
| Accrued interest payable | — |
| | 21,332 |
| | 8,489 |
| | 12 |
| | — |
| | 29,833 |
| Accrued liabilities | 829 |
| | 42,788 |
| | 4,661 |
| | 22,992 |
| | — |
| | 71,270 |
| Taxes other than income tax | 125 |
| | 5,661 |
| | 2,678 |
| | 4,991 |
| | — |
| | 13,455 |
| Income tax payable | — |
| | 352 |
| | 7 |
| | 2,863 |
| | — |
| | 3,222 |
| Intercompany payable | 506,111 |
| | — |
| | — |
| | 1,167,223 |
| | (1,673,334 | ) | | — |
| Total current liabilities | 507,065 |
| | 434,040 |
| | 28,407 |
| | 1,648,701 |
| | (1,674,413 | ) | | 943,800 |
| Long-term debt, less current portion | — |
| | 1,424,891 |
| | 503,180 |
| | — |
| | — |
| | 1,928,071 |
| Long-term payable to related party | — |
| | 8,027 |
| | — |
| | 6,475 |
| | — |
| | 14,502 |
| Deferred income tax liability | — |
| | — |
| | — |
| | 35,437 |
| | — |
| | 35,437 |
| Other long-term liabilities | — |
| | 29,939 |
| | 220 |
| | 64,886 |
| | — |
| | 95,045 |
| Total partners’ equity | 2,879,608 |
| | 618,923 |
| | 2,216,759 |
| | 4,132,188 |
| | (6,983,143 | ) | | 2,864,335 |
| Total liabilities and partners’ equity | $ | 3,386,673 |
| | $ | 2,515,820 |
| | $ | 2,748,566 |
| | $ | 5,887,687 |
| | $ | (8,657,556 | ) | | $ | 5,881,190 |
|
| | (a) | Non-guarantor subsidiaries are wholly owned by NuStar Energy, NuStar Logistics or NuPOP. |
|
| Condensed Consolidating Statements of Comprehensive Income Current Period [Table Text Block] |
Condensed Consolidating Statements of Comprehensive Income For the Three Months Ended March 31, 2012 (Thousands of Dollars) | | | | | | | | | | | | | | | | | | | | | | | | | | NuStar Energy | | NuStar Logistics | | NuPOP | | Non-Guarantor Subsidiaries (a) | | Eliminations | | Consolidated | Revenues | $ | — |
| | $ | 80,221 |
| | $ | 49,092 |
| | $ | 1,612,603 |
| | $ | (6,224 | ) | | $ | 1,735,692 |
| Costs and expenses | 435 |
| | 46,374 |
| | 34,957 |
| | 1,611,826 |
| | (6,221 | ) | | 1,687,371 |
| Operating (loss) income | (435 | ) | | 33,847 |
| | 14,135 |
| | 777 |
| | (3 | ) | | 48,321 |
| Equity in earnings of subsidiaries | 26,786 |
| | (25,171 | ) | | 25,905 |
| | 36,057 |
| | (63,577 | ) | | — |
| Equity in earnings of joint venture | — |
| | — |
| | — |
| | 2,386 |
| | — |
| | 2,386 |
| Interest expense, net | — |
| | (18,078 | ) | | (4,171 | ) | | (101 | ) | | — |
| | (22,350 | ) | Other income, net | — |
| | 189 |
| | 182 |
| | 997 |
| | — |
| | 1,368 |
| Income (loss) before income tax expense | 26,351 |
| | (9,213 | ) | | 36,051 |
| | 40,116 |
| | (63,580 | ) | | 29,725 |
| Income tax expense | — |
| | 90 |
| | 2 |
| | 3,379 |
| | — |
| | 3,471 |
| Net income (loss) | 26,351 |
| | (9,303 | ) | | 36,049 |
| | 36,737 |
| | (63,580 | ) | | 26,254 |
| Less net loss attributable to noncontrolling interest | — |
| | — |
| | — |
| | (97 | ) | | — |
| | (97 | ) | Net income (loss) attributable to NuStar Energy L.P. | $ | 26,351 |
| | $ | (9,303 | ) | | $ | 36,049 |
| | $ | 36,834 |
| | $ | (63,580 | ) | | $ | 26,351 |
| | | | | | | | | | | | | Comprehensive income (loss) | $ | 26,351 |
| | $ | (5,582 | ) | | $ | 36,049 |
| | $ | (4,010 | ) | | $ | (63,580 | ) | | $ | (10,772 | ) | Less comprehensive income attributable to noncontrolling interest | — |
| | — |
| | — |
| | 1,022 |
| | — |
| | 1,022 |
| Comprehensive income (loss) attributable to NuStar Energy L.P. | $ | 26,351 |
| | $ | (5,582 | ) | | $ | 36,049 |
| | $ | (5,032 | ) | | $ | (63,580 | ) | | $ | (11,794 | ) |
| | (a) | Non-guarantor subsidiaries are wholly owned by NuStar Energy, NuStar Logistics or NuPOP. |
|
| Condensed Consolidating Statements of Comprehensive Income Prior Period [Table Text Block] |
Condensed Consolidating Statements of Comprehensive Income For the Three Months Ended March 31, 2011 (Thousands of Dollars) | | | | | | | | | | | | | | | | | | | | | | | | | | NuStar Energy | | NuStar Logistics | | NuPOP | | Non-Guarantor Subsidiaries (a) | | Eliminations | | Consolidated | Revenues | $ | — |
| | $ | 66,158 |
| | $ | 50,347 |
| | $ | 1,130,306 |
| | $ | (12,195 | ) | | $ | 1,234,616 |
| Costs and expenses | 415 |
| | 43,272 |
| | 35,973 |
| | 1,111,869 |
| | (12,644 | ) | | 1,178,885 |
| Operating (loss) income | (415 | ) | | 22,886 |
| | 14,374 |
| | 18,437 |
| | 449 |
| | 55,731 |
| Equity in earnings of subsidiaries | 28,917 |
| | (16,990 | ) | | 28,520 |
| | 48,545 |
| | (88,992 | ) | | — |
| Equity in earnings of joint venture | — |
| | — |
| | — |
| | 2,388 |
| | — |
| | 2,388 |
| Interest expense, net | — |
| | (13,788 | ) | | (5,792 | ) | | (877 | ) | | — |
| | (20,457 | ) | Other income (loss), net | — |
| | 57 |
| | 13 |
| | (5,569 | ) | | — |
| | (5,499 | ) | Income (loss) before income tax expense | 28,502 |
| | (7,835 | ) | | 37,115 |
| | 62,924 |
| | (88,543 | ) | | 32,163 |
| Income tax expense | — |
| | 363 |
| | — |
| | 3,284 |
| | — |
| | 3,647 |
| Net income (loss) | 28,502 |
| | (8,198 | ) | | 37,115 |
| | 59,640 |
| | (88,543 | ) | | 28,516 |
| Less net income attributable to noncontrolling interest | — |
| | — |
| | — |
| | 14 |
| | — |
| | 14 |
| Net income (loss) attributable to NuStar Energy L.P. | $ | 28,502 |
| | $ | (8,198 | ) | | $ | 37,115 |
| | $ | 59,626 |
| | $ | (88,543 | ) | | $ | 28,502 |
| | | | | | | | | | | | | Comprehensive income (loss) | $ | 28,502 |
| | $ | (5,320 | ) | | $ | 37,115 |
| | $ | 68,745 |
| | $ | (88,543 | ) | | $ | 40,499 |
| Less comprehensive income attributable to noncontrolling interest | — |
| | — |
| | — |
| | 566 |
| | — |
| | 566 |
| Comprehensive income (loss) attributable to NuStar Energy L.P. | $ | 28,502 |
| | $ | (5,320 | ) | | $ | 37,115 |
| | $ | 68,179 |
| | $ | (88,543 | ) | | $ | 39,933 |
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| | (a) | Non-guarantor subsidiaries are wholly owned by NuStar Energy, NuStar Logistics or NuPOP. |
|
| Condensed Consolidating Statements of Cash Flows Current Period [Text Block] |
Condensed Consolidating Statements of Cash Flows For the Three Months Ended March 31, 2012
(Thousands of Dollars) | | | | | | | | | | | | | | | | | | | | | | | | | | NuStar Energy | | NuStar Logistics | | NuPOP | | Non-Guarantor Subsidiaries (a) | | Eliminations | | Consolidated | Net cash provided by (used in) operating activities | $ | 88,503 |
| | $ | 5,831 |
| | $ | 13,470 |
| | $ | (28,340 | ) | | $ | (89,077 | ) | | $ | (9,613 | ) | Cash flows from investing activities: | | | | | | | | | | | | Capital expenditures | — |
| | (75,008 | ) | | (2,285 | ) | | (22,991 | ) | | — |
| | (100,284 | ) | Acquisitions | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| Investment in other long-term assets | — |
| | — |
| | — |
| | (94 | ) | | — |
| | (94 | ) | Other, net | — |
| | 135 |
| | 7 |
| | 22 |
| | — |
| | 164 |
| Net cash used in investing activities | — |
| | (74,873 | ) | | (2,278 | ) | | (23,063 | ) | | — |
| | (100,214 | ) | Cash flows from financing activities: | | | | | | | | | | | | Debt borrowings | — |
| | 510,548 |
| | — |
| | — |
| | — |
| | 510,548 |
| Debt repayments | — |
| | (260,374 | ) | | (250,000 | ) | | — |
| | — |
| | (510,374 | ) | Senior note offering, net | — |
| | 247,408 |
| | — |
| | — |
| | — |
| | 247,408 |
| Distributions to unitholders and general partner | (89,076 | ) | | (89,076 | ) | | — |
| | (9 | ) | | 89,085 |
| | (89,076 | ) | Payments for termination of interest rate swaps | — |
| | (25,358 | ) | | — |
| | — |
| | — |
| | (25,358 | ) | Net intercompany borrowings (repayments) | 838 |
| | (312,383 | ) | | 238,808 |
| | 72,745 |
| | (8 | ) | | — |
| Other, net | (269 | ) | | (3,598 | ) | | — |
| | 639 |
| | — |
| | (3,228 | ) | Net cash provided by (used in) financing activities | (88,507 | ) | | 67,167 |
| | (11,192 | ) | | 73,375 |
| | 89,077 |
| | 129,920 |
| Effect of foreign exchange rate changes on cash | — |
| | 1,881 |
| | — |
| | (1,775 | ) | | — |
| | 106 |
| Net (decrease) increase in cash and cash equivalents | (4 | ) | | 6 |
| | — |
| | 20,197 |
| | — |
| | 20,199 |
| Cash and cash equivalents as of the beginning of the period | 139 |
| | 14 |
| | — |
| | 17,344 |
| | — |
| | 17,497 |
| Cash and cash equivalents as of the end of the period | $ | 135 |
| | $ | 20 |
| | $ | — |
| | $ | 37,541 |
| | $ | — |
| | $ | 37,696 |
|
| | (a) | Non-guarantor subsidiaries are wholly owned by NuStar Energy, NuStar Logistics or NuPOP. |
|
| Condensed Consolidating Statements of Cash Flows Prior Period [Text Block] |
Condensed Consolidating Statements of Cash Flows For the Three Months Ended March 31, 2011 (Thousands of Dollars) | | | | | | | | | | | | | | | | | | | | | | | | | | NuStar Energy | | NuStar Logistics | | NuPOP | | Non-Guarantor Subsidiaries (a) | | Eliminations | | Consolidated | Net cash provided by (used in) operating activities | $ | 79,041 |
| | $ | 23,162 |
| | $ | 13,552 |
| | $ | (201,929 | ) | | $ | (79,624 | ) | | $ | (165,798 | ) | Cash flows from investing activities: | | | | | | | | | | | | Capital expenditures | — |
| | (45,340 | ) | | (430 | ) | | (27,476 | ) | | — |
| | (73,246 | ) | Acquisition | — |
| | — |
| | — |
| | (52,577 | ) | | — |
| | (52,577 | ) | Investment in other long-term assets | — |
| | — |
| | — |
| | (636 | ) | | — |
| | (636 | ) | Investment in subsidiaries | (57,300 | ) | | — |
| | (56,727 | ) | | (56,727 | ) | | 170,754 |
| | — |
| Other, net | — |
| | — |
| | 13 |
| | 45 |
| | — |
| | 58 |
| Net cash used in investing activities | (57,300 | ) | | (45,340 | ) | | (57,144 | ) | | (137,371 | ) | | 170,754 |
| | (126,401 | ) | Cash flows from financing activities: | | | | | | | | | | | | Debt borrowings | — |
| | 375,280 |
| | — |
| | — |
| | — |
| | 375,280 |
| Debt repayments | — |
| | (113,994 | ) | | — |
| | — |
| | — |
| | (113,994 | ) | Distributions to unitholders and general partner | (79,616 | ) | | (79,616 | ) | | — |
| | (8 | ) | | 79,624 |
| | (79,616 | ) | Contributions from (distributions to) affiliates | 57,300 |
| | (57,300 | ) | | 56,727 |
| | 114,027 |
| | (170,754 | ) | | — |
| Net intercompany borrowings (repayments) | 575 |
| | (203,572 | ) | | (13,135 | ) | | 216,132 |
| | — |
| | — |
| Other, net | — |
| | (263 | ) | | — |
| | (881 | ) | | — |
| | (1,144 | ) | Net cash (used in) provided by financing activities | (21,741 | ) | | (79,465 | ) | | 43,592 |
| | 329,270 |
| | (91,130 | ) | | 180,526 |
| Effect of foreign exchange rate changes on cash | — |
| | 5,002 |
| | — |
| | (4,013 | ) | | — |
| | 989 |
| Net decrease in cash and cash equivalents | — |
| | (96,641 | ) | | — |
| | (14,043 | ) | | — |
| | (110,684 | ) | Cash and cash equivalents as of the beginning of the period | 53 |
| | 107,655 |
| | — |
| | 73,413 |
| | — |
| | 181,121 |
| Cash and cash equivalents as of the end of the period | $ | 53 |
| | $ | 11,014 |
| | $ | — |
| | $ | 59,370 |
| | $ | — |
| | $ | 70,437 |
|
| | (a) | Non-guarantor subsidiaries are wholly owned by NuStar Energy, NuStar Logistics or NuPOP. |
|