v2.4.0.6
CONDENSED CONSOLIDATING FINANCIAL STATEMENTS (Tables)
6 Months Ended
Jun. 30, 2012
CONDENSED CONSOLIDATING FINANCIAL STATEMENTS [Abstract]  
Condensed Consolidating Balance Sheet Current Period [Text Block]
Condensed Consolidating Balance Sheets
June 30, 2012
(Thousands of Dollars)
 
NuStar
Energy
 
NuStar
Logistics
 
NuPOP
 
Non-Guarantor
Subsidiaries (a)
 
Eliminations
 
Consolidated
Assets
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
200

 
$
10

 
$

 
$
33,937

 
$

 
$
34,147

Receivables, net

 
67,205

 
5,258

 
452,598

 
(37,496
)
 
487,565

Inventories

 
2,600

 
1,917

 
249,118

 
(25
)
 
253,610

Income tax receivable

 

 

 
1,952

 

 
1,952

Other current assets

 
13,612

 
603

 
71,657

 

 
85,872

Assets held for sale

 
2,847

 

 
638,112

 

 
640,959

Intercompany receivable

 
1,175,398

 
567,747

 

 
(1,743,145
)
 

Total current assets
200

 
1,261,672

 
575,525

 
1,447,374

 
(1,780,666
)
 
1,504,105

Property, plant and equipment, net

 
1,270,143

 
590,411

 
1,218,877

 

 
3,079,431

Intangible assets, net

 
1,941

 

 
26,285

 

 
28,226

Goodwill

 
18,094

 
170,652

 
633,955

 

 
822,701

Investment in wholly owned
subsidiaries
2,988,453

 
(108,393
)
 
1,214,739

 
2,298,588

 
(6,393,387
)
 

Investment in joint venture

 

 

 
68,188

 

 
68,188

Deferred income tax asset

 

 

 

 

 

Other long-term assets, net
496

 
162,050

 
26,329

 
26,072

 

 
214,947

Total assets
$
2,989,149

 
$
2,605,507

 
$
2,577,656

 
$
5,719,339

 
$
(8,174,053
)
 
$
5,717,598

Liabilities and Partners’ Equity
 
 
 
 
 
 
 
 
 
 
 
Current portion of long-term debt
$

 
$
232,860

 
$
252,092

 
$
32,928

 
$

 
$
517,880

Payables
59

 
45,965

 
20,040

 
412,221

 
(37,496
)
 
440,789

Accrued interest payable

 
26,408

 
1,224

 
13

 

 
27,645

Accrued liabilities
606

 
46,672

 
2,562

 
69,928

 

 
119,768

Taxes other than income tax

 
5,805

 
2,892

 
5,638

 

 
14,335

Income tax payable

 
133

 

 
2,384

 

 
2,517

Intercompany payable
507,707

 

 

 
1,235,438

 
(1,743,145
)
 

Total current liabilities
508,372

 
357,843

 
278,810

 
1,758,550

 
(1,780,641
)
 
1,122,934

Long-term debt, less current portion

 
2,106,988

 

 

 

 
2,106,988

Long-term payable to related party

 
8,673

 

 
6,468

 

 
15,141

Deferred income tax liability

 

 

 
31,596

 

 
31,596

Other long-term liabilities

 
2,790

 
239

 
16,793

 

 
19,822

Total partners’ equity
2,480,777

 
129,213

 
2,298,607

 
3,905,932

 
(6,393,412
)
 
2,421,117

Total liabilities and
partners’ equity
$
2,989,149

 
$
2,605,507

 
$
2,577,656

 
$
5,719,339

 
$
(8,174,053
)
 
$
5,717,598

 
(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 (Loss) Income
For the Three Months Ended June 30, 2012
(Thousands of Dollars)
 
NuStar
Energy
 
NuStar
Logistics
 
NuPOP
 
Non-Guarantor
Subsidiaries (a)
 
Eliminations
 
Consolidated
Revenues
$

 
$
83,835

 
$
45,191

 
$
1,781,558

 
$
(8,679
)
 
$
1,901,905

Costs and expenses
385

 
51,364

 
31,739

 
2,033,428

 
(8,713
)
 
2,108,203

Operating (loss) income
(385
)
 
32,471

 
13,452

 
(251,870
)
 
34

 
(206,298
)
Equity in earnings of subsidiaries
(246,352
)
 
(303,735
)
 
36,613

 
45,770

 
467,704

 

Equity in earnings of joint venture

 

 

 
2,381

 

 
2,381

Interest expense, net

 
(20,685
)
 
(2,828
)
 
(307
)
 

 
(23,820
)
Other income, net

 
103

 
(109
)
 
(2,806
)
 

 
(2,812
)
Income (loss) before income tax
expense
(246,737
)
 
(291,846
)
 
47,128

 
(206,832
)
 
467,738

 
(230,549
)
Income tax expense

 
51

 
1,328

 
14,882

 

 
16,261

Net income (loss)
(246,737
)
 
(291,897
)
 
45,800

 
(221,714
)
 
467,738

 
(246,810
)
Less net loss attributable to
noncontrolling interest

 

 

 
(73
)
 

 
(73
)
Net income (loss) attributable to
NuStar Energy L.P.
$
(246,737
)
 
$
(291,897
)
 
$
45,800

 
$
(221,641
)
 
$
467,738

 
$
(246,737
)
 
 
 
 
 
 
 
 
 
 
 
 
Comprehensive income (loss)
$
(246,737
)
 
$
(308,017
)
 
$
45,800

 
$
(212,785
)
 
$
467,738

 
$
(254,001
)
Less comprehensive income
attributable to
noncontrolling interest

 

 

 
(308
)
 

 
(308
)
Comprehensive income (loss)
attributable to NuStar Energy L.P.
$
(246,737
)
 
$
(308,017
)
 
$
45,800

 
$
(212,477
)
 
$
467,738

 
$
(253,693
)
 
(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 June 30, 2011
(Thousands of Dollars)
 
NuStar
Energy
 
NuStar
Logistics
 
NuPOP
 
Non-Guarantor
Subsidiaries (a)
 
Eliminations
 
Consolidated
Revenues
$

 
$
67,771

 
$
40,102

 
$
1,486,632

 
$
(5,321
)
 
$
1,589,184

Costs and expenses
386

 
43,059

 
30,606

 
1,402,737

 
(4,955
)
 
1,471,833

Operating (loss) income
(386
)
 
24,712

 
9,496

 
83,895

 
(366
)
 
117,351

Equity in earnings of subsidiaries
92,985

 
51,532

 
28,143

 
47,293

 
(219,953
)
 

Equity in earnings of joint venture

 

 

 
2,010

 

 
2,010

Interest expense, net

 
(14,236
)
 
(5,759
)
 
(627
)
 

 
(20,622
)
Other income (loss), net

 
126

 
6

 
(1,099
)
 

 
(967
)
Income (loss) before income tax
expense
92,599

 
62,134

 
31,886

 
131,472

 
(220,319
)
 
97,772

Income tax expense

 
664

 

 
4,503

 

 
5,167

Net income (loss)
92,599

 
61,470

 
31,886

 
126,969

 
(220,319
)
 
92,605

Less net income attributable to
noncontrolling interest

 

 

 
6

 

 
6

Net income (loss) attributable to
NuStar Energy L.P.
$
92,599

 
$
61,470

 
$
31,886

 
$
126,963

 
$
(220,319
)
 
$
92,599

 
 
 
 
 
 
 
 
 
 
 
 
Comprehensive income (loss)
$
92,599

 
$
45,762

 
$
31,886

 
$
110,071

 
$
(220,319
)
 
$
59,999

Less comprehensive loss
attributable to
noncontrolling interest

 

 

 
(821
)
 

 
(821
)
Comprehensive income (loss)
attributable to NuStar Energy L.P.
$
92,599

 
$
45,762

 
$
31,886

 
$
110,892

 
$
(220,319
)
 
$
60,820

 
(a)
Non-guarantor subsidiaries are wholly owned by NuStar Energy, NuStar Logistics or NuPOP.
Condensed Consolidating Statements of Comprehensive Income Current Period YTD [Table Text Block]
Condensed Consolidating Statements of Comprehensive (Loss) Income
For the Six Months Ended June 30, 2012
(Thousands of Dollars)
 
NuStar
Energy
 
NuStar
Logistics
 
NuPOP
 
Non-Guarantor
Subsidiaries (a)
 
Eliminations
 
Consolidated
Revenues
$

 
$
164,056

 
$
94,283

 
$
3,394,161

 
$
(14,903
)
 
$
3,637,597

Costs and expenses
820

 
97,738

 
66,696

 
3,645,254

 
(14,934
)
 
3,795,574

Operating (loss) income
(820
)
 
66,318

 
27,587

 
(251,093
)
 
31

 
(157,977
)
Equity in earnings of subsidiaries
(219,566
)
 
(328,906
)
 
62,518

 
81,827

 
404,127

 

Equity in earnings of joint venture

 

 

 
4,767

 

 
4,767

Interest expense, net

 
(38,763
)
 
(6,999
)
 
(408
)
 

 
(46,170
)
Other income, net

 
292

 
73

 
(1,809
)
 

 
(1,444
)
Income (loss) before income tax
expense
(220,386
)
 
(301,059
)
 
83,179

 
(166,716
)
 
404,158

 
(200,824
)
Income tax expense

 
141

 
1,330

 
18,261

 

 
19,732

Net income (loss)
(220,386
)
 
(301,200
)
 
81,849

 
(184,977
)
 
404,158

 
(220,556
)
Less net loss attributable to
noncontrolling interest

 

 

 
(170
)
 

 
(170
)
Net income (loss) attributable to
NuStar Energy L.P.
$
(220,386
)
 
$
(301,200
)
 
$
81,849

 
$
(184,807
)
 
$
404,158

 
$
(220,386
)
 
 
 
 
 
 
 
 
 
 
 
 
Comprehensive income (loss)
$
(220,386
)
 
$
(313,599
)
 
$
81,849

 
$
(216,795
)
 
$
404,158

 
$
(264,773
)
Less comprehensive income
attributable to
noncontrolling interest

 

 

 
714

 

 
714

Comprehensive income (loss)
attributable to NuStar Energy L.P.
$
(220,386
)
 
$
(313,599
)
 
$
81,849

 
$
(217,509
)
 
$
404,158

 
$
(265,487
)
 
(a)
Non-guarantor subsidiaries are wholly owned by NuStar Energy, NuStar Logistics or NuPOP.
Condensed Consolidating Statements of Comprehensive Income Prior Period YTD [Table Text Block]
Condensed Consolidating Statements of Comprehensive Income
For the Six Months Ended June 30, 2011
(Thousands of Dollars)
 
NuStar
Energy
 
NuStar
Logistics
 
NuPOP
 
Non-Guarantor
Subsidiaries (a)
 
Eliminations
 
Consolidated
Revenues
$

 
$
133,929

 
$
90,449

 
$
2,616,938

 
$
(17,516
)
 
$
2,823,800

Costs and expenses
801

 
86,331

 
66,579

 
2,514,606

 
(17,599
)
 
2,650,718

Operating (loss) income
(801
)
 
47,598

 
23,870

 
102,332

 
83

 
173,082

Equity in earnings of subsidiaries
121,902

 
34,542

 
56,663

 
95,838

 
(308,945
)
 

Equity in earnings of joint venture

 

 

 
4,398

 

 
4,398

Interest expense, net

 
(28,024
)
 
(11,551
)
 
(1,504
)
 

 
(41,079
)
Other income (loss), net

 
183

 
19

 
(6,668
)
 

 
(6,466
)
Income (loss) before income tax
expense
121,101

 
54,299

 
69,001

 
194,396

 
(308,862
)
 
129,935

Income tax expense

 
1,027

 

 
7,787

 

 
8,814

Net income (loss)
121,101

 
53,272

 
69,001

 
186,609

 
(308,862
)
 
121,121

Less net income attributable to
noncontrolling interest

 

 

 
20

 

 
20

Net income (loss) attributable to
NuStar Energy L.P.
$
121,101

 
$
53,272

 
$
69,001

 
$
186,589

 
$
(308,862
)
 
$
121,101

 
 
 
 
 
 
 
 
 
 
 
 
Comprehensive income (loss)
$
121,101

 
$
40,442

 
$
69,001

 
$
178,816

 
$
(308,862
)
 
$
100,498

Less comprehensive loss
attributable to
noncontrolling interest

 

 

 
(255
)
 

 
(255
)
Comprehensive income (loss)
attributable to NuStar Energy L.P.
$
121,101

 
$
40,442

 
$
69,001

 
$
179,071

 
$
(308,862
)
 
$
100,753

 
(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 Six Months Ended June 30, 2012
(Thousands of Dollars)
 
NuStar
Energy
 
NuStar
Logistics
 
NuPOP
 
Non-Guarantor
Subsidiaries (a)
 
Eliminations
 
Consolidated
Net cash provided by (used in)
operating activities
$
177,042

 
$
25,107

 
$
45,687

 
$
(30,157
)
 
$
(185,561
)
 
$
32,118

Cash flows from investing activities:
 
 
 
 
 
 
 
 
 
 
 
Capital expenditures

 
(153,890
)
 
(7,745
)
 
(49,504
)
 

 
(211,139
)
Acquisitions

 

 

 

 

 

Investment in other long-term
assets

 

 

 
(2,286
)
 

 
(2,286
)
Proceeds from sale or disposition
of assets

 
143

 
19

 
30,844

 

 
31,006

Net cash used in investing activities

 
(153,747
)
 
(7,726
)
 
(20,946
)
 

 
(182,419
)
Cash flows from financing activities:
 
 
 
 
 
 
 
 
 
 
 
Debt borrowings

 
1,433,678

 

 

 

 
1,433,678

Debt repayments

 
(1,081,758
)
 
(250,000
)
 

 

 
(1,331,758
)
Senior note offering, net

 
247,408

 

 

 

 
247,408

Distributions to unitholders
and general partner
(178,152
)
 
(178,152
)
 

 
(7,417
)
 
185,569

 
(178,152
)
Payments for termination of
interest rate swaps

 
(5,678
)
 

 

 

 
(5,678
)
Net intercompany borrowings
(repayments)
1,596

 
(283,646
)
 
212,039

 
70,019

 
(8
)
 

Other, net
(425
)
 
(1,720
)
 

 
1,737

 

 
(408
)
Net cash provided by (used in)
financing activities
(176,981
)
 
130,132

 
(37,961
)
 
64,339

 
185,561

 
165,090

Effect of foreign exchange rate
changes on cash

 
(1,496
)
 

 
3,357

 

 
1,861

Net (decrease) increase in cash
and cash equivalents
61

 
(4
)
 

 
16,593

 

 
16,650

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
$
200

 
$
10

 
$

 
$
33,937

 
$

 
$
34,147

 
(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 Six Months Ended June 30, 2011
(Thousands of Dollars)
 
NuStar
Energy
 
NuStar
Logistics
 
NuPOP
 
Non-Guarantor
Subsidiaries (a)
 
Eliminations
 
Consolidated
Net cash provided by (used in)
operating activities
$
158,188

 
$
54,572

 
$
18,441

 
$
(70,129
)
 
$
(159,248
)
 
$
1,824

Cash flows from investing activities:
 
 
 
 
 
 
 
 
 
 
 
Capital expenditures

 
(99,307
)
 
(1,802
)
 
(55,285
)
 

 
(156,394
)
Acquisition

 

 

 
(100,448
)
 

 
(100,448
)
Investment in other long-term
assets

 

 

 
(5,580
)
 

 
(5,580
)
Investment in subsidiaries
(57,300
)
 
(47,869
)
 
(56,727
)
 
(56,727
)
 
218,623

 

Proceeds from sale or disposition
of assets

 
40

 
44

 
205

 

 
289

Net cash used in investing activities
(57,300
)
 
(147,136
)
 
(58,485
)
 
(217,835
)
 
218,623

 
(262,133
)
Cash flows from financing activities:
 
 
 
 
 
 
 
 
 
 
 
Debt borrowings

 
617,364

 

 

 

 
617,364

Debt repayments

 
(257,593
)
 

 

 

 
(257,593
)
Distributions to unitholders and
general partner
(159,232
)
 
(159,232
)
 

 
(16
)
 
159,248

 
(159,232
)
Contributions from
(distributions to) affiliates
57,300

 
(57,300
)
 
56,727

 
161,896

 
(218,623
)
 

Proceeds from termination of
interest rate swaps

 
9,112

 

 

 

 
9,112

Net intercompany borrowings
(repayments)
1,044

 
(131,914
)
 
(16,683
)
 
147,553

 

 

Other, net

 
(2,268
)
 

 
(543
)
 

 
(2,811
)
Net cash (used in) provided by
financing activities
(100,888
)
 
18,169

 
40,044

 
308,890

 
(59,375
)
 
206,840

Effect of foreign exchange rate
changes on cash

 
6,849

 

 
(5,625
)
 

 
1,224

Net (decrease) increase in cash and
cash equivalents

 
(67,546
)
 

 
15,301

 

 
(52,245
)
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

 
$
40,109

 
$

 
$
88,714

 
$

 
$
128,876


(a)
Non-guarantor subsidiaries are wholly owned by NuStar Energy, NuStar Logistics or NuPOP.