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SEGMENT INFORMATION
6 Months Ended
Jun. 30, 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 June 30,
 
Six Months Ended June 30,
 
2014
 
2013
 
2014
 
2013
 
(Thousands of Dollars)
Revenues:
 
 
 
 
 
 
 
Pipeline
$
117,798

 
$
96,976

 
$
220,757

 
$
190,253

Storage:
 
 
 
 
 
 
 
Third parties
138,296

 
132,503

 
262,650

 
263,163

Intersegment
6,690

 
8,245

 
13,973

 
18,021

Related party

 
1,931

 
929

 
3,172

Total storage
144,986

 
142,679

 
277,552

 
284,356

Fuels marketing:
 
 
 
 
 
 
 
Third parties
493,651

 
661,959

 
1,114,622

 
1,434,967

Related party

 
8,645

 

 
8,645

Total fuels marketing
493,651

 
670,604

 
1,114,622

 
1,443,612

Consolidation and intersegment eliminations
(6,690
)
 
(8,245
)
 
(13,973
)
 
(18,021
)
Total revenues
$
749,745

 
$
902,014

 
$
1,598,958

 
$
1,900,200

 
 
 
 
 
 
 
 
Operating income:
 
 
 
 
 
 
 
Pipeline
$
60,236

 
$
51,227

 
$
113,226

 
$
91,108

Storage
50,007

 
44,412

 
92,014

 
98,368

Fuels marketing
4,821

 
3,432

 
14,379

 
1,839

Consolidation and intersegment eliminations
7

 
153

 
(10
)
 
1,259

Total segment operating income
115,071

 
99,224

 
219,609

 
192,574

General and administrative expenses
23,163

 
19,653

 
44,019

 
47,147

Other depreciation and amortization expense
2,554

 
2,599

 
5,133

 
5,097

Total operating income
$
89,354

 
$
76,972

 
$
170,457

 
$
140,330



Total assets by reportable segment were as follows:
 
June 30,
2014
 
December 31,
2013
 
(Thousands of Dollars)
Pipeline
$
1,839,264

 
$
1,797,698

Storage
2,265,630

 
2,275,183

Fuels marketing
330,283

 
445,882

Total segment assets
4,435,177

 
4,518,763

Other partnership assets
460,602

 
513,423

Total consolidated assets
$
4,895,779

 
$
5,032,186