v2.4.0.6
CONDENSED CONSOLIDATING FINANCIAL STATEMENTS (Tables)
9 Months Ended
Sep. 30, 2012
CONDENSED CONSOLIDATING FINANCIAL STATEMENTS [Abstract]  
Condensed Consolidating Balance Sheet Current Period [Text Block]
Condensed Consolidating Balance Sheets
September 30, 2012
(Thousands of Dollars)
 
NuStar
Energy
 
NuStar
Logistics
 
NuPOP
 
Non-Guarantor
Subsidiaries (a)
 
Eliminations
 
Consolidated
Assets
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
7,281

 
$
12

 
$

 
$
100,163

 
$

 
$
107,456

Receivables, net

 
38,215

 
10,350

 
410,091

 
(3,161
)
 
455,495

Inventories

 
2,585

 
8,050

 
230,079

 
(20
)
 
240,694

Income tax receivable

 

 

 
995

 

 
995

Other current assets

 
18,367

 
1,311

 
39,922

 

 
59,600

Intercompany receivable

 
383,534

 
568,526

 

 
(952,060
)
 

Total current assets
7,281

 
442,713

 
588,237

 
781,250

 
(955,241
)
 
864,240

Property, plant and equipment, net

 
1,353,763

 
584,868

 
1,216,459

 

 
3,155,090

Intangible assets, net

 
1,929

 

 
24,589

 

 
26,518

Goodwill

 
18,094

 
170,652

 
634,165

 

 
822,911

Investment in wholly owned
subsidiaries
3,248,470

 
67,390

 
1,228,601

 
2,322,860

 
(6,867,321
)
 

Investment in joint ventures

 
48,696

 

 
67,443

 

 
116,139

Deferred income tax asset

 

 

 
2,080

 

 
2,080

Note receivable from related party

 
170,711

 

 

 

 
170,711

Other long-term assets, net
498

 
157,006

 
26,328

 
22,363

 

 
206,195

Total assets
$
3,256,249

 
$
2,260,302

 
$
2,598,686

 
$
5,071,209

 
$
(7,822,562
)
 
$
5,363,884

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

 
$
232,428

 
$
251,535

 
$
33,900

 
$

 
$
517,863

Payables
100

 
54,642

 
9,502

 
392,256

 
(3,161
)
 
453,339

Accrued interest payable

 
19,049

 
4,896

 
21

 

 
23,966

Accrued liabilities
750

 
54,972

 
6,165

 
35,554

 

 
97,441

Taxes other than income tax
63

 
6,339

 
3,566

 
5,052

 

 
15,020

Income tax payable

 
230

 
2

 
2,539

 

 
2,771

Intercompany payable
515,170

 

 

 
436,891

 
(952,061
)
 

Total current liabilities
516,083

 
367,660

 
275,666

 
906,213

 
(955,222
)
 
1,110,400

Long-term debt, less current portion

 
1,518,543

 

 

 

 
1,518,543

Long-term payable to related party

 
10,562

 

 
5,442

 

 
16,004

Deferred income tax liability

 

 

 
30,851

 

 
30,851

Other long-term liabilities

 
2,821

 
165

 
13,001

 

 
15,987

Total partners’ equity
2,740,166

 
360,716

 
2,322,855

 
4,115,702

 
(6,867,340
)
 
2,672,099

Total liabilities and
partners’ equity
$
3,256,249

 
$
2,260,302

 
$
2,598,686

 
$
5,071,209

 
$
(7,822,562
)
 
$
5,363,884

(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 September 30, 2012
(Thousands of Dollars)
 
NuStar
Energy
 
NuStar
Logistics
 
NuPOP
 
Non-Guarantor
Subsidiaries (a)
 
Eliminations
 
Consolidated
Revenues
$

 
$
98,529

 
$
48,486

 
$
1,606,734

 
$
(8,983
)
 
$
1,744,766

Costs and expenses
460

 
58,001

 
36,977

 
1,607,594

 
(8,988
)
 
1,694,044

Operating (loss) income
(460
)
 
40,528

 
11,509

 
(860
)
 
5

 
50,722

Equity in earnings (loss) of
subsidiaries
4,849

 
(13,291
)
 
13,862

 
24,246

 
(29,666
)
 

Equity in (loss) earnings of
joint ventures

 
(3,304
)
 

 
2,353

 

 
(951
)
Interest expense, net

 
(21,777
)
 
(2,800
)
 
(290
)
 

 
(24,867
)
Other (expense) income, net

 
(21,491
)
 
1,678

 
(127
)
 

 
(19,940
)
Income (loss) before income tax
expense
4,389

 
(19,335
)
 
24,249

 
25,322

 
(29,661
)
 
4,964

Income tax expense

 
97

 
1

 
524

 

 
622

Net income (loss)
4,389

 
(19,432
)
 
24,248

 
24,798

 
(29,661
)
 
4,342

Less net loss attributable to
noncontrolling interest

 

 

 
(47
)
 

 
(47
)
Net income (loss) attributable to
NuStar Energy L.P.
$
4,389

 
$
(19,432
)
 
$
24,248

 
$
24,845

 
$
(29,661
)
 
$
4,389

 
 
 
 
 
 
 
 
 
 
 
 
Comprehensive income (loss)
$
4,389

 
$
(22,612
)
 
$
24,248

 
$
19,618

 
$
(29,661
)
 
$
(4,018
)
Less comprehensive income
attributable to
noncontrolling interest

 

 

 
66

 

 
66

Comprehensive income (loss)
attributable to NuStar Energy L.P.
$
4,389

 
$
(22,612
)
 
$
24,248

 
$
19,552

 
$
(29,661
)
 
$
(4,084
)
 
(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 September 30, 2011
(Thousands of Dollars)
 
NuStar
Energy
 
NuStar
Logistics
 
NuPOP
 
Non-Guarantor
Subsidiaries (a)
 
Eliminations
 
Consolidated
Revenues
$

 
$
78,554

 
$
46,076

 
$
1,708,288

 
$
(8,568
)
 
$
1,824,350

Costs and expenses
482

 
38,068

 
32,090

 
1,669,422

 
(8,689
)
 
1,731,373

Operating (loss) income
(482
)
 
40,486

 
13,986

 
38,866

 
121

 
92,977

Equity in earnings of subsidiaries
70,641

 
7,285

 
29,828

 
51,102

 
(158,856
)
 

Equity in earnings of joint venture

 

 

 
2,599

 

 
2,599

Interest expense, net

 
(15,210
)
 
(5,685
)
 
(670
)
 

 
(21,565
)
Other income, net

 
109

 
246

 
412

 

 
767

Income (loss) before income tax
expense
70,159

 
32,670

 
38,375

 
92,309

 
(158,735
)
 
74,778

Income tax expense
1

 
542

 

 
3,954

 

 
4,497

Net income (loss)
70,158

 
32,128

 
38,375

 
88,355

 
(158,735
)
 
70,281

Less net income attributable to
noncontrolling interest

 

 

 
123

 

 
123

Net income (loss) attributable to
NuStar Energy L.P.
$
70,158

 
$
32,128

 
$
38,375

 
$
88,232

 
$
(158,735
)
 
$
70,158

 
 
 
 
 
 
 
 
 
 
 
 
Comprehensive income (loss)
$
70,158

 
$
(30,972
)
 
$
38,375

 
$
25,205

 
$
(158,735
)
 
$
(55,969
)
Less comprehensive loss
attributable to
noncontrolling interest

 

 

 
(2,063
)
 

 
(2,063
)
Comprehensive income (loss)
attributable to NuStar Energy L.P.
$
70,158

 
$
(30,972
)
 
$
38,375

 
$
27,268

 
$
(158,735
)
 
$
(53,906
)
 
(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 Nine Months Ended September 30, 2012
(Thousands of Dollars)
 
NuStar
Energy
 
NuStar
Logistics
 
NuPOP
 
Non-Guarantor
Subsidiaries (a)
 
Eliminations
 
Consolidated
Revenues
$

 
$
262,585

 
$
142,769

 
$
5,000,895

 
$
(23,886
)
 
$
5,382,363

Costs and expenses
1,280

 
155,739

 
103,673

 
5,252,848

 
(23,922
)
 
5,489,618

Operating (loss) income
(1,280
)
 
106,846

 
39,096

 
(251,953
)
 
36

 
(107,255
)
Equity in (loss) earnings of
subsidiaries
(214,717
)
 
(342,197
)
 
76,380

 
106,073

 
374,461

 

Equity in (loss) earnings of
joint ventures

 
(3,304
)
 

 
7,120

 

 
3,816

Interest expense, net

 
(60,540
)
 
(9,799
)
 
(698
)
 

 
(71,037
)
Other (expense) income, net

 
(21,199
)
 
1,751

 
(1,936
)
 

 
(21,384
)
(Loss) income before income tax
expense
(215,997
)
 
(320,394
)
 
107,428

 
(141,394
)
 
374,497

 
(195,860
)
Income tax expense

 
238

 
1,331

 
18,785

 

 
20,354

Net (loss) income
(215,997
)
 
(320,632
)
 
106,097

 
(160,179
)
 
374,497

 
(216,214
)
Less net loss attributable to
noncontrolling interest

 

 

 
(217
)
 

 
(217
)
Net (loss) income attributable to
NuStar Energy L.P.
$
(215,997
)
 
$
(320,632
)
 
$
106,097

 
$
(159,962
)
 
$
374,497

 
$
(215,997
)
 
 
 
 
 
 
 
 
 
 
 
 
Comprehensive (loss) income
$
(215,997
)
 
$
(336,211
)
 
$
106,097

 
$
(197,177
)
 
$
374,497

 
$
(268,791
)
Less comprehensive income
attributable to
noncontrolling interest

 

 

 
780

 

 
780

Comprehensive (loss) income
attributable to NuStar Energy L.P.
$
(215,997
)
 
$
(336,211
)
 
$
106,097

 
$
(197,957
)
 
$
374,497

 
$
(269,571
)
 
(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 Nine Months Ended September 30, 2011
(Thousands of Dollars)
 
NuStar
Energy
 
NuStar
Logistics
 
NuPOP
 
Non-Guarantor
Subsidiaries (a)
 
Eliminations
 
Consolidated
Revenues
$

 
$
212,483

 
$
136,525

 
$
4,325,226

 
$
(26,084
)
 
$
4,648,150

Costs and expenses
1,283

 
124,399

 
98,669

 
4,184,028

 
(26,288
)
 
4,382,091

Operating (loss) income
(1,283
)
 
88,084

 
37,856

 
141,198

 
204

 
266,059

Equity in earnings of subsidiaries
192,543

 
41,827

 
86,491

 
146,940

 
(467,801
)
 

Equity in earnings of joint venture

 

 

 
6,997

 

 
6,997

Interest expense, net

 
(43,234
)
 
(17,236
)
 
(2,174
)
 

 
(62,644
)
Other income (loss), net

 
292

 
265

 
(6,256
)
 

 
(5,699
)
Income (loss) before income tax
expense
191,260

 
86,969

 
107,376

 
286,705

 
(467,597
)
 
204,713

Income tax expense
1

 
1,569

 

 
11,741

 

 
13,311

Net income (loss)
191,259

 
85,400

 
107,376

 
274,964

 
(467,597
)
 
191,402

Less net income attributable to
noncontrolling interest

 

 

 
143

 

 
143

Net income (loss) attributable to
NuStar Energy L.P.
$
191,259

 
$
85,400

 
$
107,376

 
$
274,821

 
$
(467,597
)
 
$
191,259

 
 
 
 
 
 
 
 
 
 
 
 
Comprehensive income (loss)
$
191,259

 
$
9,470

 
$
107,376

 
$
204,021

 
$
(467,597
)
 
$
44,529

Less comprehensive loss
attributable to
noncontrolling interest

 

 

 
(2,318
)
 

 
(2,318
)
Comprehensive income (loss)
attributable to NuStar Energy L.P.
$
191,259

 
$
9,470

 
$
107,376

 
$
206,339

 
$
(467,597
)
 
$
46,847

 
(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 Nine Months Ended September 30, 2012
(Thousands of Dollars)
 
NuStar
Energy
 
NuStar
Logistics
 
NuPOP
 
Non-Guarantor
Subsidiaries (a)
 
Eliminations
 
Consolidated
Net cash provided by (used in)
operating activities
$
265,905

 
$
91,736

 
$
46,183

 
$
142,700

 
$
(274,645
)
 
$
271,879

Cash flows from investing activities:
 
 
 
 
 
 
 
 
 
 
 
Capital expenditures

 
(237,408
)
 
(11,816
)
 
(71,554
)
 

 
(320,778
)
Investment in other long-term
assets

 

 

 
(2,364
)
 

 
(2,364
)
Proceeds from sale or disposition
of assets

 
150

 
4,531

 
30,866

 

 
35,547

Proceeds from sale of Asphalt
Operations

 
436,276

 

 

 

 
436,276

Increase in note receivable from
related party

 
(170,711
)
 

 

 

 
(170,711
)
Investment in subsidiaries
(344,244
)
 

 

 
(34
)
 
344,278

 

Net cash (used in) provided by
investing activities
(344,244
)
 
28,307

 
(7,285
)
 
(43,086
)
 
344,278

 
(22,030
)
Cash flows from financing activities:
 
 
 
 
 
 
 
 
 
 
 
Debt borrowings

 
1,877,048

 

 

 

 
1,877,048

Debt repayments

 
(2,109,058
)
 
(250,000
)
 

 

 
(2,359,058
)
Senior note offering, net

 
247,408

 

 

 

 
247,408

Issuance of common units,
net of issuance costs
336,662

 

 

 

 

 
336,662

General partner contribution
7,121

 

 

 

 

 
7,121

Distributions to unitholders
and general partner
(267,228
)
 
(267,228
)
 

 
(7,426
)
 
274,654

 
(267,228
)
Contributions from
(distributions to) affiliates

 
344,244

 

 
34

 
(344,278
)
 

Payments for termination of
interest rate swaps

 
(5,678
)
 

 

 

 
(5,678
)
Net intercompany borrowings
(repayments)
9,059

 
(206,846
)
 
211,102

 
(13,306
)
 
(9
)
 

Other, net
(133
)
 
496

 

 

 

 
363

Net cash provided by (used in)
financing activities
85,481

 
(119,614
)
 
(38,898
)
 
(20,698
)
 
(69,633
)
 
(163,362
)
Effect of foreign exchange rate
changes on cash

 
(431
)
 

 
3,903

 

 
3,472

Net increase (decrease) in cash
and cash equivalents
7,142

 
(2
)
 

 
82,819

 

 
89,959

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
$
7,281

 
$
12

 
$

 
$
100,163

 
$

 
$
107,456

 
(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 Nine Months Ended September 30, 2011
(Thousands of Dollars)
 
NuStar
Energy
 
NuStar
Logistics
 
NuPOP
 
Non-Guarantor
Subsidiaries (a)
 
Eliminations
 
Consolidated
Net cash provided by (used in)
operating activities
$
239,146

 
$
84,681

 
$
20,883

 
$
(2,244
)
 
$
(240,595
)
 
$
101,871

Cash flows from investing activities:
 
 
 
 
 
 
 
 
 
 
 
Capital expenditures

 
(152,764
)
 
(4,954
)
 
(86,240
)
 

 
(243,958
)
Acquisition

 

 

 
(100,693
)
 

 
(100,693
)
Investment in other long-term
assets

 

 

 
(8,449
)
 

 
(8,449
)
Proceeds from sale or disposition
of assets

 
57

 
79

 
309

 

 
445

Investment in subsidiaries
(57,300
)
 
(47,820
)
 
(56,727
)
 
(56,727
)
 
218,574

 

Net cash used in investing activities
(57,300
)
 
(200,527
)
 
(61,602
)
 
(251,800
)
 
218,574

 
(352,655
)
Cash flows from financing activities:
 
 
 
 
 
 
 
 
 
 
 
Debt borrowings

 
738,702

 

 

 

 
738,702

Debt repayments

 
(379,753
)
 

 

 

 
(379,753
)
Issuance of common units, net of
issuance costs
1,583

 

 

 

 

 
1,583

General partner contribution
70

 

 

 

 

 
70

Distributions to unitholders and
general partner
(240,571
)
 
(240,571
)
 

 
(24
)
 
240,595

 
(240,571
)
Contributions from
(distributions to) affiliates
57,300

 
(57,300
)
 
56,727

 
161,847

 
(218,574
)
 

Proceeds from termination of
interest rate swaps

 
12,632

 

 

 

 
12,632

Net intercompany borrowings
(repayments)
(159
)
 
(66,833
)
 
(16,008
)
 
83,000

 

 

Other, net

 
181

 

 
(966
)
 

 
(785
)
Net cash (used in) provided by
financing activities
(181,777
)
 
7,058

 
40,719

 
243,857

 
22,021

 
131,878

Effect of foreign exchange rate
changes on cash

 
1,139

 

 
(4,140
)
 

 
(3,001
)
Net increase (decrease) in cash and
cash equivalents
69

 
(107,649
)
 

 
(14,327
)
 

 
(121,907
)
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
$
122

 
$
6

 
$

 
$
59,086

 
$

 
$
59,214


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