v3.5.0.2
SEGMENT INFORMATION
 9 Months Ended
Sep. 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 September 30,
 
Nine Months Ended September 30,
 
2016
 
2015
 
2016
 
2015
 
(Thousands of Dollars)
Revenues:
 
 
 
 
 
 
 
Pipeline
$
122,481

 
$
131,395

 
$
362,929

 
$
378,030

Storage:
 
 
 
 
 
 
 
Third parties
152,746

 
155,475

 
445,497

 
450,372

Intersegment
5,021

 
6,628

 
16,543

 
19,707

Total storage
157,767

 
162,103

 
462,040

 
470,079

Fuels marketing
166,191

 
206,696

 
476,499

 
790,719

Consolidation and intersegment eliminations
(5,021
)
 
(6,628
)
 
(16,543
)
 
(19,707
)
Total revenues
$
441,418

 
$
493,566

 
$
1,284,925

 
$
1,619,121

 
 
 
 
 
 
 
 
Operating income (loss):
 
 
 
 
 
 
 
Pipeline
$
58,922

 
$
68,536

 
$
186,739

 
$
201,996

Storage
58,420

 
59,986

 
166,496

 
161,715

Fuels marketing
(337
)
 
(1,819
)
 
282

 
10,756

Consolidation and intersegment eliminations
(1
)
 
(1
)
 
—

 
41

Total segment operating income
117,004

 
126,702

 
353,517

 
374,508

General and administrative expenses
26,957

 
23,679

 
73,399

 
75,425

Other depreciation and amortization expense
2,093

 
2,029

 
6,382

 
6,403

Total operating income
$
87,954

 
$
100,994

 
$
273,736

 
$
292,680



Total assets by reportable segment were as follows:
 
September 30,
2016
 
December 31,
2015
 
(Thousands of Dollars)
Pipeline
$
2,014,710

 
$
2,014,098

Storage
2,462,597

 
2,476,389

Fuels marketing
143,438

 
156,866

Total segment assets
4,620,745

 
4,647,353

Other partnership assets
369,673

 
478,172

Total consolidated assets
$
4,990,418

 
$
5,125,525