v2.4.0.8
SEGMENT INFORMATION
3 Months Ended
Mar. 31, 2014
Segment Reporting [Abstract]  
SEGMENT INFORMATION
SEGMENT INFORMATION

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 transportation of petroleum products and anhydrous ammonia, the terminalling and storage of petroleum products and the marketing of petroleum products. Intersegment revenues result from storage agreements with wholly owned subsidiaries of NuStar Energy at lease rates consistent with rates charged to third parties for storage. Related party revenues mainly result from storage agreements with our joint ventures.
Results of operations for the reportable segments were as follows:
 
Three Months Ended March 31,
 
2014
 
2013
 
(Thousands of Dollars)
Revenues:
 
 
 
Pipeline
$
102,959

 
$
93,277

Storage:
 
 
 
Third parties
124,354

 
130,660

Intersegment
7,283

 
9,776

Related party
929

 
1,241

Total storage
132,566

 
141,677

Fuels marketing
620,971

 
773,008

Consolidation and intersegment eliminations
(7,283
)
 
(9,776
)
Total revenues
$
849,213

 
$
998,186

 
 
 
 
Operating income:
 
 
 
Pipeline
$
52,990

 
$
39,881

Storage
42,007

 
53,956

Fuels marketing
9,558

 
(1,593
)
Consolidation and intersegment eliminations
(17
)
 
1,106

Total segment operating income
104,538

 
93,350

General and administrative expenses
20,856

 
27,494

Other depreciation and amortization expense
2,579

 
2,498

Total operating income
$
81,103

 
$
63,358



Total assets by reportable segment were as follows:
 
March 31,
2014
 
December 31,
2013
 
(Thousands of Dollars)
Pipeline
$
1,805,749

 
$
1,797,698

Storage
2,265,530

 
2,275,183

Fuels marketing
385,421

 
445,882

Total segment assets
4,456,700

 
4,518,763

Other partnership assets
457,934

 
513,423

Total consolidated assets
$
4,914,634

 
$
5,032,186