v3.5.0.2
SEGMENT INFORMATION
 6 Months Ended
Jun. 30, 2016
Segment Reporting [Abstract]  
SEGMENT INFORMATION
SEGMENT INFORMATION

Our reportable business segments consist of pipeline, storage and fuels marketing. 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 the 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 rates consistent with the rates charged to third parties for storage.
Results of operations for the reportable segments were as follows:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2016
 
2015
 
2016
 
2015
 
(Thousands of Dollars)
Revenues:
 
 
 
 
 
 
 
Pipeline
$
121,575

 
$
122,210

 
$
240,448

 
$
246,635

Storage:
 
 
 
 
 
 
 
Third parties
146,367

 
150,812

 
292,751

 
294,897

Intersegment
5,507

 
6,830

 
11,522

 
13,079

Total storage
151,874

 
157,642

 
304,273

 
307,976

Fuels Marketing
169,862

 
297,589

 
310,308

 
584,023

Consolidation and intersegment eliminations
(5,507
)
 
(6,830
)
 
(11,522
)
 
(13,079
)
Total revenues
$
437,804

 
$
570,611

 
$
843,507

 
$
1,125,555

 
 
 
 
 
 
 
 
Operating income:
 
 
 
 
 
 
 
Pipeline
$
63,552

 
$
64,820

 
$
127,817

 
$
133,460

Storage
51,063

 
53,751

 
108,076

 
101,729

Fuels marketing
1,392

 
2,650

 
619

 
12,575

Consolidation and intersegment eliminations
1

 
(1
)
 
1

 
42

Total segment operating income
116,008

 
121,220

 
236,513

 
247,806

General and administrative expenses
22,657

 
26,693

 
46,442

 
51,746

Other depreciation and amortization expense
2,134

 
2,122

 
4,289

 
4,374

Total operating income
$
91,217

 
$
92,405

 
$
185,782

 
$
191,686



Total assets by reportable segment were as follows:
 
June 30,
2016
 
December 31,
2015
 
(Thousands of Dollars)
Pipeline
$
2,004,850

 
$
2,014,098

Storage
2,466,104

 
2,476,389

Fuels marketing
140,150

 
156,866

Total segment assets
4,611,104

 
4,647,353

Other partnership assets
444,115

 
478,172

Total consolidated assets
$
5,055,219

 
$
5,125,525