|
CONDENSED CONSOLIDATING FINANCIAL STATEMENTS (Tables)
|
12 Months Ended |
|
Dec. 31, 2013
|
| CONDENSED CONSOLIDATING FINANCIAL STATEMENTS [Abstract] |
|
| Condensed Consolidating Balance Sheets [Table Text Block] |
Condensed Consolidating Balance Sheets December 31, 2013 (Thousands of Dollars) | | | | | | | | | | | | | | | | | | | | | | | | | | NuStar Energy | | NuStar Logistics | | NuPOP | | Non-Guarantor Subsidiaries | | Eliminations | | Consolidated | Assets | | | | | | | | | | | | Cash and cash equivalents | $ | 904 |
| | $ | 22,307 |
| | $ | — |
| | $ | 77,532 |
| | $ | — |
| | $ | 100,743 |
| Receivables, net | — |
| | 87,899 |
| | 13,281 |
| | 231,220 |
| | (6 | ) | | 332,394 |
| Inventories | — |
| | 2,083 |
| | 2,879 |
| | 133,195 |
| | (10 | ) | | 138,147 |
| Income tax receivable | — |
| | — |
| | — |
| | 826 |
| | — |
| | 826 |
| Other current assets | — |
| | 18,109 |
| | 2,334 |
| | 19,009 |
| | — |
| | 39,452 |
| Assets held for sale | — |
| | — |
| | — |
| | 21,987 |
| | — |
| | 21,987 |
| Intercompany receivable | — |
| | 1,521,552 |
| | — |
| | — |
| | (1,521,552 | ) | | — |
| Total current assets | 904 |
| | 1,651,950 |
| | 18,494 |
| | 483,769 |
| | (1,521,568 | ) | | 633,549 |
| Property, plant and equipment, net | — |
| | 1,556,893 |
| | 573,694 |
| | 1,180,066 |
| | — |
| | 3,310,653 |
| Intangible assets, net | — |
| | 16,993 |
| | — |
| | 54,256 |
| | — |
| | 71,249 |
| Goodwill | — |
| | 149,453 |
| | 170,652 |
| | 297,324 |
| | — |
| | 617,429 |
| Investment in wholly owned subsidiaries | 2,469,331 |
| | 177,961 |
| | 860,787 |
| | 918,339 |
| | (4,426,418 | ) | | — |
| Investment in joint ventures | — |
| | — |
| | — |
| | 68,735 |
| | — |
| | 68,735 |
| Deferred income tax asset | — |
| | — |
| | — |
| | 5,769 |
| | — |
| | 5,769 |
| Note receivable from related party, net | — |
| | 165,440 |
| | — |
| | — |
| | — |
| | 165,440 |
| Other long-term assets, net | 611 |
| | 118,254 |
| | 26,331 |
| | 14,166 |
| | — |
| | 159,362 |
| Total assets | $ | 2,470,846 |
| | $ | 3,836,944 |
| | 1,649,958 |
| | $ | 3,022,424 |
| | $ | (5,947,986 | ) | | $ | 5,032,186 |
| Liabilities and Partners’ Equity | | | | | | | | | | | | Payables | $ | 123 |
| | $ | 84,533 |
| | $ | 7,517 |
| | $ | 214,909 |
| | $ | (6 | ) | | $ | 307,076 |
| Accrued interest payable | — |
| | 33,066 |
| | — |
| | 47 |
| | — |
| | 33,113 |
| Accrued liabilities | 585 |
| | 18,850 |
| | 6,133 |
| | 13,064 |
| | — |
| | 38,632 |
| Taxes other than income tax | 125 |
| | 6,272 |
| | 2,873 |
| | 475 |
| | — |
| | 9,745 |
| Income tax payable | — |
| | 618 |
| | 6 |
| | 3,382 |
| | — |
| | 4,006 |
| Intercompany payable | 504,483 |
| | — |
| | 714,847 |
| | 302,222 |
| | (1,521,552 | ) | | — |
| Total current liabilities | 505,316 |
| | 143,339 |
| | 731,376 |
| | 534,099 |
| | (1,521,558 | ) | | 392,572 |
| Long-term debt, less current portion | — |
| | 2,655,553 |
| | — |
| | — |
| | — |
| | 2,655,553 |
| Long-term payable to related party | — |
| | 35,696 |
| | — |
| | 5,443 |
| | — |
| | 41,139 |
| Deferred income tax liability | — |
| | — |
| | — |
| | 27,350 |
| | — |
| | 27,350 |
| Other long-term liabilities | — |
| | 4,961 |
| | 306 |
| | 6,511 |
| | — |
| | 11,778 |
| Total partners’ equity | 1,965,530 |
| | 997,395 |
| | 918,276 |
| | 2,449,021 |
| | (4,426,428 | ) | | 1,903,794 |
| Total liabilities and partners’ equity | $ | 2,470,846 |
| | $ | 3,836,944 |
| | $ | 1,649,958 |
| | $ | 3,022,424 |
| | $ | (5,947,986 | ) | | $ | 5,032,186 |
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Condensed Consolidating Balance Sheets December 31, 2012 (Thousands of Dollars) | | | | | | | | | | | | | | | | | | | | | | | | | | NuStar Energy | | NuStar Logistics | | NuPOP | | Non-Guarantor Subsidiaries | | Eliminations | | Consolidated | Assets | | | | | | | | | | | | Cash and cash equivalents | $ | 7,033 |
| | $ | 1,112 |
| | $ | — |
| | $ | 75,457 |
| | $ | — |
| | $ | 83,602 |
| Receivables, net | — |
| | 157,452 |
| | 10,561 |
| | 340,144 |
| | (10,381 | ) | | 497,776 |
| Inventories | — |
| | 2,320 |
| | 5,590 |
| | 165,349 |
| | (31 | ) | | 173,228 |
| Income tax receivable | — |
| | — |
| | — |
| | 1,265 |
| | — |
| | 1,265 |
| Other current assets | — |
| | 26,353 |
| | 1,468 |
| | 37,417 |
| | — |
| | 65,238 |
| Assets held for sale | — |
| | 35,337 |
| | — |
| | 82,997 |
| | — |
| | 118,334 |
| Intercompany receivable | — |
| | 353,384 |
| | 599,599 |
| | — |
| | (952,983 | ) | | — |
| Total current assets | 7,033 |
| | 575,958 |
| | 617,218 |
| | 702,629 |
| | (963,395 | ) | | 939,443 |
| Property, plant and equipment, net | — |
| | 1,423,991 |
| | 582,299 |
| | 1,232,170 |
| | — |
| | 3,238,460 |
| Intangible assets, net | — |
| | 18,733 |
| | — |
| | 73,702 |
| | — |
| | 92,435 |
| Goodwill | — |
| | 145,990 |
| | 170,652 |
| | 634,382 |
| | — |
| | 951,024 |
| Investment in wholly owned subsidiaries | 3,133,097 |
| | 161,957 |
| | 1,208,595 |
| | 2,329,595 |
| | (6,833,244 | ) | | — |
| Investment in joint ventures | — |
| | 35,883 |
| | — |
| | 67,062 |
| | — |
| | 102,945 |
| Deferred income tax asset | — |
| | — |
| | — |
| | 3,108 |
| | — |
| | 3,108 |
| Note receivable from related party, net | — |
| | 95,711 |
| | — |
| | — |
| | — |
| | 95,711 |
| Other long-term assets, net | 490 |
| | 148,384 |
| | 26,330 |
| | 14,759 |
| | — |
| | 189,963 |
| Total assets | $ | 3,140,620 |
| | $ | 2,606,607 |
| | $ | 2,605,094 |
| | $ | 5,057,407 |
| | $ | (7,796,639 | ) | | $ | 5,613,089 |
| Liabilities and Partners’ Equity | | | | | | | | | | | | Current portion of long-term debt | $ | — |
| | $ | 1,313 |
| | $ | 250,967 |
| | $ | 34,142 |
| | $ | — |
| | $ | 286,422 |
| Payables | 15 |
| | 122,706 |
| | 12,657 |
| | 274,044 |
| | (10,381 | ) | | 399,041 |
| Accrued interest payable | — |
| | 22,512 |
| | 1,224 |
| | 5 |
| | — |
| | 23,741 |
| Accrued liabilities | 862 |
| | 76,322 |
| | 7,542 |
| | 39,477 |
| | — |
| | 124,203 |
| Taxes other than income tax | 129 |
| | 5,671 |
| | 2,830 |
| | 1,263 |
| | — |
| | 9,893 |
| Income tax payable | — |
| | 247 |
| | — |
| | 2,424 |
| | — |
| | 2,671 |
| Intercompany payable | 508,365 |
| | — |
| | — |
| | 444,618 |
| | (952,983 | ) | | — |
| Total current liabilities | 509,371 |
| | 228,771 |
| | 275,220 |
| | 795,973 |
| | (963,364 | ) | | 845,971 |
| Long-term debt, less current portion | — |
| | 2,124,582 |
| | — |
| | — |
| | — |
| | 2,124,582 |
| Long-term payable to related party | — |
| | 12,629 |
| | — |
| | 5,442 |
| | — |
| | 18,071 |
| Deferred income tax liability | — |
| | — |
| | — |
| | 32,114 |
| | — |
| | 32,114 |
| Other long-term liabilities | — |
| | 2,701 |
| | 279 |
| | 4,376 |
| | — |
| | 7,356 |
| Total partners’ equity | 2,631,249 |
| | 237,924 |
| | 2,329,595 |
| | 4,219,502 |
| | (6,833,275 | ) | | 2,584,995 |
| Total liabilities and partners’ equity | $ | 3,140,620 |
| | $ | 2,606,607 |
| | $ | 2,605,094 |
| | $ | 5,057,407 |
| | $ | (7,796,639 | ) | | $ | 5,613,089 |
|
|
| Condensed Consolidating Statements of Income [Table Text Block] |
Condensed Consolidating Statements of Income (Loss) For the Year Ended December 31, 2013 (Thousands of Dollars) | | | | | | | | | | | | | | | | | | | | | | | | | | NuStar Energy | | NuStar Logistics | | NuPOP | | Non-Guarantor Subsidiaries (a) | | Eliminations | | Consolidated | Revenues | $ | — |
| | $ | 415,128 |
| | $ | 218,591 |
| | $ | 2,864,160 |
| | $ | (34,147 | ) | | $ | 3,463,732 |
| Costs and expenses | 1,908 |
| | 242,743 |
| | 147,117 |
| | 3,125,253 |
| | (34,168 | ) | | 3,482,853 |
| Operating (loss) income | (1,908 | ) | | 172,385 |
| | 71,474 |
| | (261,093 | ) | | 21 |
| | (19,121 | ) | Equity in (loss) earnings of subsidiaries | (271,862 | ) | | 16,531 |
| | (347,808 | ) | | (281,327 | ) | | 884,466 |
| | — |
| Equity in (loss) earnings of joint ventures | — |
| | (49,599 | ) | | — |
| | 9,629 |
| | — |
| | (39,970 | ) | Interest expense (income), net | — |
| | (116,624 | ) | | (4,851 | ) | | 469 |
| | — |
| | (121,006 | ) | Other (expense) income, net | — |
| | (115 | ) | | (127 | ) | | 7,583 |
| | — |
| | 7,341 |
| (Loss) income from continuing operations before income tax expense | (273,770 | ) | | 22,578 |
| | (281,312 | ) | | (524,739 | ) | | 884,487 |
| | (172,756 | ) | Income tax expense | — |
| | 579 |
| | 8 |
| | 12,166 |
| | — |
| | 12,753 |
| (Loss) income from continuing operations | (273,770 | ) | | 21,999 |
| | (281,320 | ) | | (536,905 | ) | | 884,487 |
| | (185,509 | ) | Income (loss) from discontinued operations, net of tax | — |
| | (12,317 | ) | | — |
| | (86,845 | ) | | — |
| | (99,162 | ) | Net (loss) income | (273,770 | ) | | 9,682 |
| | (281,320 | ) | | (623,750 | ) | | 884,487 |
| | (284,671 | ) | Less net loss attributable to noncontrolling interest | — |
| | — |
| | — |
| | (10,901 | ) | | — |
| | (10,901 | ) | Net (loss) income attributable to NuStar Energy L.P. | $ | (273,770 | ) | | $ | 9,682 |
| | $ | (281,320 | ) | | $ | (612,849 | ) | | $ | 884,487 |
| | $ | (273,770 | ) |
Condensed Consolidating Statements of Income (Loss) For the Year Ended December 31, 2012 (Thousands of Dollars) | | | | | | | | | | | | | | | | | | | | | | | | | | NuStar Energy | | NuStar Logistics | | NuPOP | | Non-Guarantor Subsidiaries | | Eliminations | | Consolidated | Revenues | $ | — |
| | $ | 362,451 |
| | $ | 210,712 |
| | $ | 5,397,626 |
| | $ | (25,053 | ) | | $ | 5,945,736 |
| Costs and expenses | 1,699 |
| | 216,159 |
| | 151,185 |
| | 5,620,326 |
| | (25,465 | ) | | 5,963,904 |
| Operating (loss) income | (1,699 | ) | | 146,292 |
| | 59,527 |
| | (222,700 | ) | | 412 |
| | (18,168 | ) | Equity in (loss) earnings of subsidiaries | (224,917 | ) | | (361,830 | ) | | 65,505 |
| | 112,818 |
| | 408,424 |
| | — |
| Equity in (loss) earnings of joint ventures | — |
| | (16,117 | ) | | — |
| | 6,739 |
| | — |
| | (9,378 | ) | Interest expense, net | — |
| | (76,311 | ) | | (12,546 | ) | | (459 | ) | | — |
| | (89,316 | ) | Other (expense) income, net | — |
| | (26,596 | ) | | 1,679 |
| | 228 |
| | — |
| | (24,689 | ) | (Loss) income from continuing operations before income tax expense | (226,616 | ) | | (334,562 | ) | | 114,165 |
| | (103,374 | ) | | 408,836 |
| | (141,551 | ) | Income tax expense | — |
| | 255 |
| | 1,329 |
| | 22,866 |
| | — |
| | 24,450 |
| (Loss) income from continuing operations | (226,616 | ) | | (334,817 | ) | | 112,836 |
| | (126,240 | ) | | 408,836 |
| | (166,001 | ) | Loss from discontinued operations, net of tax | — |
| | (2,085 | ) | | — |
| | (58,765 | ) | | (386 | ) | | (61,236 | ) | Net (loss) income | (226,616 | ) | | (336,902 | ) | | 112,836 |
| | (185,005 | ) | | 408,450 |
| | (227,237 | ) | Less net loss attributable to noncontrolling interest | — |
| | — |
| | — |
| | (621 | ) | | — |
| | (621 | ) | Net (loss) income attributable to NuStar Energy L.P. | $ | (226,616 | ) | | $ | (336,902 | ) | | $ | 112,836 |
| | $ | (184,384 | ) | | $ | 408,450 |
| | $ | (226,616 | ) |
Condensed Consolidating Statements of Income (Loss) For the Year Ended December 31, 2011 (Thousands of Dollars) | | | | | | | | | | | | | | | | | | | | | | | | | | NuStar Energy | | NuStar Logistics | | NuPOP | | Non-Guarantor Subsidiaries | | Eliminations | | Consolidated | Revenues | $ | — |
| | $ | 296,142 |
| | $ | 199,569 |
| | $ | 5,794,433 |
| | $ | (32,515 | ) | | $ | 6,257,629 |
| Costs and expenses | 1,663 |
| | 174,360 |
| | 142,077 |
| | 5,661,577 |
| | (32,931 | ) | | 5,946,746 |
| Operating (loss) income | (1,663 | ) | | 121,782 |
| | 57,492 |
| | 132,856 |
| | 416 |
| | 310,883 |
| Equity in earnings of subsidiaries | 223,125 |
| | 12,883 |
| | 108,644 |
| | 145,218 |
| | (489,870 | ) | | — |
| Equity in earnings of joint venture | — |
| | — |
| | — |
| | 11,458 |
| | — |
| | 11,458 |
| Interest expense, net | — |
| | (56,389 | ) | | (22,840 | ) | | (2,310 | ) | | — |
| | (81,539 | ) | Other income (expense), net | — |
| | 1,309 |
| | 1,936 |
| | (6,818 | ) | | — |
| | (3,573 | ) | Income from continuing operations before income tax expense | 221,462 |
| | 79,585 |
| | 145,232 |
| | 280,404 |
| | (489,454 | ) | | 237,229 |
| Income tax expense (benefit) | 1 |
| | (575 | ) | | 13 |
| | 19,116 |
| | — |
| | 18,555 |
| Income from continuing operations | 221,461 |
| | 80,160 |
| | 145,219 |
| | 261,288 |
| | (489,454 | ) | | 218,674 |
| (Loss) income from discontinued operations, net of tax | — |
| | (2,334 | ) | | — |
| | 5,261 |
| | — |
| | 2,927 |
| Net income | 221,461 |
| | 77,826 |
| | 145,219 |
| | 266,549 |
| | (489,454 | ) | | 221,601 |
| Less net income attributable to noncontrolling interest | — |
| | — |
| | — |
| | 140 |
| | — |
| | 140 |
| Net income attributable to NuStar Energy L.P. | $ | 221,461 |
| | $ | 77,826 |
| | $ | 145,219 |
| | $ | 266,409 |
| | $ | (489,454 | ) | | $ | 221,461 |
|
|
| Condensed Consolidating Statements of Comprehensive Income [Table Text Block] |
Condensed Consolidating Statements of Comprehensive Income For the Year Ended December 31, 2011 (Thousands of Dollars) | | | | | | | | | | | | | | | | | | | | | | | | | | NuStar Energy | | NuStar Logistics | | NuPOP | | Non-Guarantor Subsidiaries | | Eliminations | | Consolidated | Net income | $ | 221,461 |
| | $ | 77,826 |
| | $ | 145,219 |
| | $ | 266,549 |
| | $ | (489,454 | ) | | $ | 221,601 |
| | | | | | | | | | | | | Other comprehensive (loss) income: | | | | | | | | | | | | Foreign currency translation adjustment | — |
| | — |
| | — |
| | (18,431 | ) | | — |
| | (18,431 | ) | Net unrealized (loss) gain on cash flow hedges | — |
| | (84,199 | ) | | — |
| | 30,747 |
| | — |
| | (53,452 | ) | Net gain reclassified into income on cash flow hedges | — |
| | — |
| | — |
| | (5,030 | ) | | — |
| | (5,030 | ) | Total other comprehensive (loss) income | — |
| | (84,199 | ) | | — |
| | 7,286 |
| | — |
| | (76,913 | ) | | | | | | | | | | | | | Comprehensive income (loss) | 221,461 |
| | (6,373 | ) | | 145,219 |
| | 273,835 |
| | (489,454 | ) | | 144,688 |
| Less comprehensive loss attributable to noncontrolling interest | — |
| | — |
| | — |
| | (2,866 | ) | | — |
| | (2,866 | ) | Comprehensive income (loss) attributable to NuStar Energy L.P. | $ | 221,461 |
| | $ | (6,373 | ) | | $ | 145,219 |
| | $ | 276,701 |
| | $ | (489,454 | ) | | $ | 147,554 |
|
Condensed Consolidating Statements of Comprehensive Income (Loss) For the Year Ended December 31, 2013 (Thousands of Dollars) | | | | | | | | | | | | | | | | | | | | | | | | | | NuStar Energy | | NuStar Logistics | | NuPOP | | Non-Guarantor Subsidiaries | | Eliminations | | Consolidated | Net (loss) income | $ | (273,770 | ) | | $ | 9,682 |
| | $ | (281,320 | ) | | $ | (623,750 | ) | | $ | 884,487 |
| | $ | (284,671 | ) | | | | | | | | | | | | | Other comprehensive (loss) income: | | | | | | | | | | | | Foreign currency translation adjustment | — |
| | (3,090 | ) | | — |
| | (16,274 | ) | | — |
| | (19,364 | ) | Net unrealized loss on cash flow hedges | — |
| | 7,213 |
| | — |
| | — |
| | — |
| | 7,213 |
| Net loss reclassified into income on cash flow hedges | — |
| | 7,570 |
| | — |
| | — |
| | — |
| | 7,570 |
| Total other comprehensive loss | — |
| | 11,693 |
| | — |
| | (16,274 | ) | | — |
| | (4,581 | ) | | | | | | | | | | | | | Comprehensive (loss) income | (273,770 | ) | | 21,375 |
| | (281,320 | ) | | (640,024 | ) | | 884,487 |
| | (289,252 | ) | Less comprehensive gain attributable to noncontrolling interest | — |
| | — |
| | — |
| | (10,953 | ) | | — |
| | (10,953 | ) | Comprehensive (loss) income attributable to NuStar Energy L.P. | $ | (273,770 | ) | | $ | 21,375 |
| | $ | (281,320 | ) | | $ | (629,071 | ) | | $ | 884,487 |
| | $ | (278,299 | ) |
Condensed Consolidating Statements of Comprehensive Income For the Year Ended December 31, 2012 (Thousands of Dollars) | | | | | | | | | | | | | | | | | | | | | | | | | | NuStar Energy | | NuStar Logistics | | NuPOP | | Non-Guarantor Subsidiaries | | Eliminations | | Consolidated | Net (loss) income | $ | (226,616 | ) | | $ | (336,902 | ) | | $ | 112,836 |
| | $ | (185,005 | ) | | $ | 408,450 |
| | $ | (227,237 | ) | | | | | | | | | | | | | Other comprehensive (loss) income: | | | | | | | | | | | | Foreign currency translation adjustment | — |
| | — |
| | — |
| | 10,677 |
| | — |
| | 10,677 |
| Net unrealized loss on cash flow hedges | — |
| | (17,069 | ) | | — |
| | (77,200 | ) | | — |
| | (94,269 | ) | Net loss reclassified into income on cash flow hedges | — |
| | 1,749 |
| | — |
| | 51,483 |
| | — |
| | 53,232 |
| Total other comprehensive loss | — |
| | (15,320 | ) | | — |
| | (15,040 | ) | | — |
| | (30,360 | ) | | | | | | | | | | | | | Comprehensive (loss) income | (226,616 | ) | | (352,222 | ) | | 112,836 |
| | (200,045 | ) | | 408,450 |
| | (257,597 | ) | Less comprehensive gain attributable to noncontrolling interest | — |
| | — |
| | — |
| | 477 |
| | — |
| | 477 |
| Comprehensive (loss) income attributable to NuStar Energy L.P. | $ | (226,616 | ) | | $ | (352,222 | ) | | $ | 112,836 |
| | $ | (200,522 | ) | | $ | 408,450 |
| | $ | (258,074 | ) |
|
| Condensed Consolidating Statements of Cash Flows [Table Text Block] |
Condensed Consolidating Statements of Cash Flows For the Year Ended December 31, 2012
(Thousands of Dollars) | | | | | | | | | | | | | | | | | | | | | | | | | | NuStar Energy | | NuStar Logistics | | NuPOP | | Non-Guarantor Subsidiaries | | Eliminations | | Consolidated | Net cash provided by operating activities | $ | 363,639 |
| | $ | 86,333 |
| | $ | 81,700 |
| | $ | 149,369 |
| | $ | (381,838 | ) | | $ | 299,203 |
| Cash flows from investing activities: | | | | | | | | | | | | Capital expenditures | — |
| | (292,873 | ) | | (16,114 | ) | | (101,608 | ) | | — |
| | (410,595 | ) | Acquisitions | — |
| | (201,610 | ) | | — |
| | (114,200 | ) | | — |
| | (315,810 | ) | Investment in other long-term assets | — |
| | — |
| | — |
| | (2,610 | ) | | — |
| | (2,610 | ) | Proceeds from sale or disposition of assets | — |
| | 441,442 |
| | 4,537 |
| | 32,947 |
| | — |
| | 478,926 |
| Increase in note receivable from related party | — |
| | (95,711 | ) | | — |
| | — |
| | — |
| | (95,711 | ) | Investment in subsidiaries | (337,123 | ) | | (114,200 | ) | | — |
| | (34 | ) | | 451,357 |
| | — |
| Net cash used in investing activities | (337,123 | ) | | (262,952 | ) | | (11,577 | ) | | (185,505 | ) | | 451,357 |
| | (345,800 | ) | Cash flows from financing activities: | | | | | | | | | | | | Debt borrowings | — |
| | 2,621,025 |
| | — |
| | — |
| | — |
| | 2,621,025 |
| Debt repayments | — |
| | (2,470,355 | ) | | (250,000 | ) | | — |
| | — |
| | (2,720,355 | ) | Proceeds from senior note offering, net of issuance costs | — |
| | 247,398 |
| | — |
| | — |
| | — |
| | 247,398 |
| Issuance of common units, net of issuance costs | 336,415 |
| | — |
| | — |
| | — |
| | — |
| | 336,415 |
| General partner contribution | 7,121 |
| | — |
| | — |
| | — |
| | — |
| | 7,121 |
| Distributions to unitholders and general partner | (365,279 | ) | | (365,279 | ) | | — |
| | (16,567 | ) | | 381,846 |
| | (365,279 | ) | Payments for termination of interest rate swaps | — |
| | (5,678 | ) | | — |
| | — |
| | — |
| | (5,678 | ) | Contributions from (distributions to) affiliates | — |
| | 337,123 |
| | — |
| | 114,234 |
| | (451,357 | ) | | — |
| Net intercompany borrowings (repayments) | 2,254 |
| | (177,851 | ) | | 179,877 |
| | (4,272 | ) | | (8 | ) | | — |
| Other, net | (133 | ) | | (9,845 | ) | | — |
| | — |
| | — |
| | (9,978 | ) | Net cash (used in) provided by financing activities | (19,622 | ) | | 176,538 |
| | (70,123 | ) | | 93,395 |
| | (69,519 | ) | | 110,669 |
| Effect of foreign exchange rate changes on cash | — |
| | 1,179 |
| | — |
| | 854 |
| | — |
| | 2,033 |
| Net increase cash and cash equivalents | 6,894 |
| | 1,098 |
| | — |
| | 58,113 |
| | — |
| | 66,105 |
| 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 | $ | 7,033 |
| | $ | 1,112 |
| | $ | — |
| | $ | 75,457 |
| | $ | — |
| | $ | 83,602 |
|
Condensed Consolidating Statements of Cash Flows For the Year Ended December 31, 2011
(Thousands of Dollars) | | | | | | | | | | | | | | | | | | | | | | | | | | NuStar Energy | | NuStar Logistics | | NuPOP | | Non-Guarantor Subsidiaries | | Eliminations | | Consolidated | Net cash provided by (used in) operating activities | $ | 377,469 |
| | $ | 121,416 |
| | $ | 59,109 |
| | $ | (84,135 | ) | | $ | (379,391 | ) | | $ | 94,468 |
| Cash flows from investing activities: | | | | | | | | | | | | Capital expenditures | — |
| | (197,845 | ) | | (8,093 | ) | | (129,722 | ) | | — |
| | (335,660 | ) | Acquisitions | — |
| | (47,817 | ) | | — |
| | (52,873 | ) | | — |
| | (100,690 | ) | Investment in other long-term assets | — |
| | — |
| | — |
| | (8,990 | ) | | — |
| | (8,990 | ) | Proceeds from sale or disposition of assets | — |
| | 63 |
| | 86 |
| | 1,937 |
| | — |
| | 2,086 |
| Investment in subsidiaries | (374,628 | ) | | — |
| | (56,727 | ) | | (56,759 | ) | | 488,114 |
| | — |
| Net cash used in investing activities | (374,628 | ) | | (245,599 | ) | | (64,734 | ) | | (246,407 | ) | | 488,114 |
| | (443,254 | ) | Cash flows from financing activities: | | | | | | | | | | | | Debt borrowings | — |
| | 949,549 |
| | — |
| | — |
| | — |
| | 949,549 |
| Debt repayments | — |
| | (801,950 | ) | | — |
| | — |
| | — |
| | (801,950 | ) | Issuance of common units, net of issuance costs | 317,285 |
| | — |
| | — |
| | — |
| | — |
| | 317,285 |
| General partner contribution | 6,708 |
| | — |
| | — |
| | — |
| | — |
| | 6,708 |
| Distributions to unitholders and general partner | (322,046 | ) | | (322,046 | ) | | — |
| | (32 | ) | | 322,078 |
| | (322,046 | ) | Proceeds from termination of interest rate swaps | — |
| | 33,433 |
| | — |
| | — |
| | — |
| | 33,433 |
| Contributions from (distributions to) affiliates | — |
| | 260,028 |
| | 56,727 |
| | 114,053 |
| | (430,808 | ) | | — |
| Net intercompany borrowings (repayments) | (4,702 | ) | | (105,944 | ) | | (51,102 | ) | | 161,741 |
| | 7 |
| | — |
| Other, net | — |
| | 4,705 |
| | — |
| | (963 | ) | | — |
| | 3,742 |
| Net cash (used in) provided by financing activities | (2,755 | ) | | 17,775 |
| | 5,625 |
| | 274,799 |
| | (108,723 | ) | | 186,721 |
| Effect of foreign exchange rate changes on cash | — |
| | (1,233 | ) | | — |
| | (326 | ) | | — |
| | (1,559 | ) | Net increase (decrease) in cash and cash equivalents | 86 |
| | (107,641 | ) | | — |
| | (56,069 | ) | | — |
| | (163,624 | ) | 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 | $ | 139 |
| | $ | 14 |
| | $ | — |
| | $ | 17,344 |
| | $ | — |
| | $ | 17,497 |
|
Condensed Consolidating Statements of Cash Flows For the Year Ended December 31, 2013
(Thousands of Dollars) | | | | | | | | | | | | | | | | | | | | | | | | | | NuStar Energy | | NuStar Logistics | | NuPOP | | Non-Guarantor Subsidiaries | | Eliminations | | Consolidated | Net cash provided by operating activities | $ | 390,002 |
| | $ | 210,742 |
| | $ | 84,490 |
| | $ | 192,228 |
| | $ | (392,243 | ) | | $ | 485,219 |
| Cash flows from investing activities: | | | | | | | | | | | | Capital expenditures | — |
| | (224,798 | ) | | (19,049 | ) | | (99,473 | ) | | — |
| | (343,320 | ) | Change in accounts payable related to capital expenditures | — |
| | (9,700 | ) | | 824 |
| | 3,492 |
| | — |
| | (5,384 | ) | Proceeds from sale or disposition of assets | — |
| | 118,806 |
| | 35 |
| | 165 |
| | — |
| | 119,006 |
| Increase in note receivable from related party | — |
| | (80,961 | ) | | — |
| | — |
| | — |
| | (80,961 | ) | Investment in subsidiaries | (302 | ) | | 527 |
| | — |
| | 3 |
| | (228 | ) | | — |
| Other | 302 |
| | (604 | ) | | — |
| | — |
| | — |
| | (302 | ) | Net cash used in investing activities | — |
| | (196,730 | ) | | (18,190 | ) | | (95,813 | ) | | (228 | ) | | (310,961 | ) | Cash flows from financing activities: | | | | | | | | | | | | Debt borrowings | — |
| | 1,738,451 |
| | — |
| | — |
| | — |
| | 1,738,451 |
| Debt repayments | — |
| | (1,866,282 | ) | | (250,000 | ) | | (34,461 | ) | | — |
| | (2,150,743 | ) | Proceeds from note offering, net of issuance costs | — |
| | 686,863 |
| | — |
| | — |
| | — |
| | 686,863 |
| Distributions to unitholders and general partner | (392,204 | ) | | (392,204 | ) | | — |
| | (39 | ) | | 392,243 |
| | (392,204 | ) | Payments for termination of interest rate swaps | — |
| | (33,697 | ) | | — |
| | — |
| | — |
| | (33,697 | ) | Contributions from (distributions to) affiliates | — |
| | 302 |
| | — |
| | (530 | ) | | 228 |
| | — |
| Net intercompany borrowings (repayments) | (3,880 | ) | | (128,277 | ) | | 183,700 |
| | (51,543 | ) | | — |
| | — |
| Other, net | (47 | ) | | 2,027 |
| | — |
| | — |
| | — |
| | 1,980 |
| Net cash (used in) provided by financing activities | (396,131 | ) | | 7,183 |
| | (66,300 | ) | | (86,573 | ) | | 392,471 |
| | (149,350 | ) | Effect of foreign exchange rate changes on cash | — |
| | — |
| | — |
| | (7,767 | ) | | — |
| | (7,767 | ) | Net increase in cash and cash equivalents | (6,129 | ) | | 21,195 |
| | — |
| | 2,075 |
| | — |
| | 17,141 |
| Cash and cash equivalents as of the beginning of the period | 7,033 |
| | 1,112 |
| | — |
| | 75,457 |
| | — |
| | 83,602 |
| Cash and cash equivalents as of the end of the period | $ | 904 |
| | $ | 22,307 |
| | $ | — |
| | $ | 77,532 |
| | $ | — |
| | $ | 100,743 |
|
|