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SEGMENT INFORMATION
9 Months Ended
Sep. 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
September 30,
 
Nine Months Ended
September 30,
 
2014
 
2013
 
2014
 
2013
 
(Thousands of Dollars)
Revenues:
 
 
 
 
 
 
 
Pipeline
$
125,461

 
$
111,508

 
$
346,218

 
$
301,761

Storage:
 
 
 
 
 
 
 
Third parties
137,771

 
130,227

 
400,421

 
393,390

Intersegment
6,174

 
6,890

 
20,147

 
24,911

Related party

 
1,491

 
929

 
4,663

Total storage
143,945

 
138,608

 
421,497

 
422,964

Fuels marketing:
 
 
 
 
 
 
 
Third parties
531,190

 
534,919

 
1,645,812

 
1,969,886

Related party

 

 

 
8,645

Total fuels marketing
531,190

 
534,919

 
1,645,812

 
1,978,531

Consolidation and intersegment eliminations
(6,174
)
 
(6,890
)
 
(20,147
)
 
(24,911
)
Total revenues
$
794,422

 
$
778,145

 
$
2,393,380

 
$
2,678,345

 
 
 
 
 
 
 
 
Operating income:
 
 
 
 
 
 
 
Pipeline
$
65,652

 
$
58,018

 
$
178,878

 
$
149,126

Storage
49,401

 
41,051

 
141,415

 
139,419

Fuels marketing
7,518

 
(9,079
)
 
21,897

 
(7,240
)
Consolidation and intersegment eliminations
(25
)
 
123

 
(35
)
 
1,382

Total segment operating income
122,546

 
90,113

 
342,155

 
282,687

General and administrative expenses
24,967

 
18,831

 
68,986

 
65,978

Other depreciation and amortization expense
2,481

 
2,531

 
7,614

 
7,628

Total operating income
$
95,098

 
$
68,751

 
$
265,555

 
$
209,081



Total assets by reportable segment were as follows:
 
September 30,
2014
 
December 31,
2013
 
(Thousands of Dollars)
Pipeline
$
1,898,684

 
$
1,797,698

Storage
2,237,537

 
2,275,183

Fuels marketing
306,636

 
445,882

Total segment assets
4,442,857

 
4,518,763

Other partnership assets
434,510

 
513,423

Total consolidated assets
$
4,877,367

 
$
5,032,186