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SEGMENT INFORMATION | 12 Months Ended
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Dec. 31, 2013
Segment Reporting [Abstract] |
SEGMENT INFORMATION | SEGMENT INFORMATION Our reportable business segments consist of storage, pipeline (formerly known as the transportation segment), and fuels marketing. In 2013, we changed the name of the “Asphalt and Fuels Marketing” segment to the “Fuels Marketing” segment since this name more accurately reflects the operations that remain after the Asphalt Sale and the San Antonio Refinery Sale. Our segments represent strategic business units that offer different services and products. We evaluate the performance of each segment based on its respective operating income, before general and administrative expenses and certain non-segmental depreciation and amortization expense. General and administrative expenses are not allocated to the operating segments since those expenses relate primarily to the overall management at the entity level. Our principal operations include terminalling and storage of petroleum products, the transportation of petroleum products and anhydrous ammonia, and fuels marketing. Intersegment revenues result from storage and throughput agreements with wholly owned subsidiaries of NuStar Energy at lease rates consistent with rates charged to third parties for storage and at pipeline tariff rates based upon the applicable published tariff. Related party revenues mainly result from storage agreements with our joint ventures and the noncontrolling shareholder of our Turkey subsidiary. Results of operations for the reportable segments were as follows:
| Year Ended December 31,
| 2013 |  | 2012 |  | 2011
| (Thousands of Dollars)
Revenues: |  |  |  |  |
Storage: |  |  |  |  |
Third parties | $ | 518,253 |  |  | $ | 517,699 |  |  | $ | 500,303 |
Intersegment | 32,044 |  |  | 59,168 |  |  | 46,324 |
Related party | 6,252 |  |  | 1,199 |  |  | — |
Total storage | 556,549 |  |  | 578,066 |  |  | 546,627 |
Pipeline: |  |  |  |  |
Third parties | 411,529 |  |  | 340,455 |  |  | 311,449 |
Intersegment | — |  |  | — |  |  | 65 |
Total pipeline | 411,529 |  |  | 340,455 |  |  | 311,514 |
Fuels marketing: |  |  |  |  |
Third parties | 2,519,053 |  |  | 5,085,592 |  |  | 5,445,877 |
Intersegment | — |  |  | — |  |  | 9,782 |
Related party | 8,645 |  |  | 791 |  |  | — |
Total fuels marketing | 2,527,698 |  |  | 5,086,383 |  |  | 5,455,659 |
Consolidation and intersegment eliminations | (32,044 | ) |  | (59,168 | ) |  | (56,171 | )
Total revenues | $ | 3,463,732 |  |  | $ | 5,945,736 |  |  | $ | 6,257,629 |
Depreciation and amortization expense: |  |  |  |  |
Storage | $ | 99,868 |  |  | $ | 88,217 |  |  | $ | 82,921 |
Pipeline | 68,871 |  |  | 52,878 |  |  | 51,165 |
Fuels marketing | 27 |  |  | 11,253 |  |  | 20,949 |
Total segment depreciation and amortization expense | 168,766 |  |  | 152,348 |  |  | 155,035 |
Other depreciation and amortization expense | 10,155 |  |  | 7,441 |  |  | 6,738 |
Total depreciation and amortization expense | $ | 178,921 |  |  | $ | 159,789 |  |  | $ | 161,773 |
Operating (loss) income: |  |  |  |  |
Storage | $ | (127,484 | ) |  | $ | 198,842 |  |  | $ | 196,508 |
Pipeline | 208,293 |  |  | 158,590 |  |  | 146,403 |
Fuels marketing | (126 | ) |  | (296,785 | ) |  | 71,854 |
Consolidation and intersegment eliminations | 1,437 |  |  | 7,939 |  |  | 5,906 |
Total segment operating income | 82,120 |  |  | 68,586 |  |  | 420,671 |
Less general and administrative expenses | 91,086 |  |  | 104,756 |  |  | 103,050 |
Less other depreciation and amortization expense | 10,155 |  |  | 7,441 |  |  | 6,738 |
Other asset impairment loss | — |  |  | 3,295 |  |  | — |
Gain on legal settlement | — |  |  | (28,738 | ) |  | — |
Total operating (loss) income | $ | (19,121 | ) |  | $ | (18,168 | ) |  | $ | 310,883 |
Revenues by geographic area are shown in the table below.
| Year Ended December 31,
| 2013 |  | 2012 |  | 2011
| (Thousands of Dollars)
United States | $ | 2,340,694 |  |  | $ | 4,230,607 |  |  | $ | 4,521,553 |
Netherlands | 1,027,260 |  |  | 1,438,297 |  |  | 1,564,062 |
Other | 95,778 |  |  | 276,832 |  |  | 172,014 |
Consolidated revenues | $ | 3,463,732 |  |  | $ | 5,945,736 |  |  | $ | 6,257,629 |
For the years ended December 31, 2013, 2012 and 2011, Valero Energy Corporation accounted for approximately 15%, or $534.2 million, 11%, or $668.1 million, and 11%, or $684.1 million, of our consolidated revenues, respectively. These revenues were included in all of our reportable business segments. No other single customer accounted for 10% or more of our consolidated revenues. Total amounts of property, plant and equipment, net by geographic area were as follows:
| December 31,
| 2013 |  | 2012
| (Thousands of Dollars)
United States | $ | 2,635,792 |  |  | $ | 2,560,608 |
Netherlands | 467,660 |  |  | 454,560 |
Other | 207,201 |  |  | 223,292 |
Consolidated long-lived assets | $ | 3,310,653 |  |  | $ | 3,238,460 |
Total assets by reportable segment were as follows:
| December 31,
| 2013 |  | 2012
| (Thousands of Dollars)
Storage | $ | 2,275,183 |  |  | $ | 2,627,946 |
Pipeline | 1,797,698 |  |  | 1,720,711 |
Fuels marketing | 445,882 |  |  | 885,661 |
Total segment assets | 4,518,763 |  |  | 5,234,318 |
Other partnership assets | 513,423 |  |  | 378,771 |
Total consolidated assets | $ | 5,032,186 |  |  | $ | 5,613,089 |
Capital expenditures, including acquisitions and investments in other noncurrent assets, by reportable segment were as follows:
| Year Ended December 31,
| 2013 |  | 2012 |  | 2011
| (Thousands of Dollars)
Storage | $ | 170,637 |  |  | $ | 161,672 |  |  | $ | 263,918 |
Pipeline | 165,096 |  |  | 493,028 |  |  | 45,170 |
Fuels marketing | 69 |  |  | 20,333 |  |  | 90,683 |
Other partnership assets | 7,518 |  |  | 53,982 |  |  | 45,569 |
Total capital expenditures | $ | 343,320 |  |  | $ | 729,015 |  |  | $ | 445,340 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 + Details
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