CONDENSED CONSOLIDATING FINANCIAL STATEMENTS (Tables)
|
9 Months Ended |
Sep. 30, 2018 |
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| CONDENSED CONSOLIDATING FINANCIAL STATEMENTS [Abstract] |
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| Condensed Consolidating Balance Sheets [Text Block] |
Condensed Consolidating Balance Sheets September 30, 2018 (Thousands of Dollars) | | | | | | | | | | | | | | | | | | | | | | | | | | NuStar Energy | | NuStar Logistics | | NuPOP | | Non-Guarantor Subsidiaries | | Eliminations | | Consolidated | Assets | | | | | | | | | | | | Cash and cash equivalents | $ | 1,164 |
| | $ | 4,238 |
| | $ | — |
| | $ | 19,177 |
| | $ | — |
| | $ | 24,579 |
| Receivables, net | — |
| | 82 |
| | — |
| | 164,686 |
| | — |
| | 164,768 |
| Inventories | — |
| | 1,875 |
| | 6,822 |
| | 16,064 |
| | — |
| | 24,761 |
| Other current assets | 122 |
| | 16,961 |
| | 1,284 |
| | 44,399 |
| | — |
| | 62,766 |
| Intercompany receivable | 187,967 |
| | 2,726,465 |
| | — |
| | — |
| | (2,914,432 | ) | | — |
| Total current assets | 189,253 |
| | 2,749,621 |
| | 8,106 |
| | 244,326 |
| | (2,914,432 | ) | | 276,874 |
| Property, plant and equipment, net | — |
| | 1,846,330 |
| | 619,284 |
| | 2,019,234 |
| | — |
| | 4,484,848 |
| Intangible assets, net | — |
| | 51,463 |
| | — |
| | 694,449 |
| | — |
| | 745,912 |
| Goodwill | — |
| | 149,453 |
| | 170,652 |
| | 774,556 |
| | — |
| | 1,094,661 |
| Investment in wholly owned subsidiaries | 2,793,521 |
| | 29,961 |
| | 1,450,865 |
| | 849,825 |
| | (5,124,172 | ) | | — |
| Other long-term assets, net | 303 |
| | 77,144 |
| | 26,861 |
| | 14,355 |
| | — |
| | 118,663 |
| Total assets | $ | 2,983,077 |
| | $ | 4,903,972 |
| | $ | 2,275,768 |
| | $ | 4,596,745 |
| | $ | (8,038,604 | ) | | $ | 6,720,958 |
| Liabilities, Mezzanine Equity and Partners’ Equity | | | | | | | | | | | | Accounts payable | $ | 13,636 |
| | $ | 26,423 |
| | $ | 5,935 |
| | $ | 108,218 |
| | $ | — |
| | $ | 154,212 |
| Short-term debt | — |
| | 10,500 |
| | — |
| | — |
| | — |
| | 10,500 |
| Accrued interest payable | — |
| | 30,785 |
| | — |
| | 60 |
| | — |
| | 30,845 |
| Accrued liabilities | 929 |
| | 16,608 |
| | 7,971 |
| | 71,790 |
| | — |
| | 97,298 |
| Taxes other than income tax | 63 |
| | 7,152 |
| | 5,893 |
| | 6,587 |
| | — |
| | 19,695 |
| Income tax payable | — |
| | 364 |
| | — |
| | 4,212 |
| | — |
| | 4,576 |
| Intercompany payable | — |
| | — |
| | 1,393,208 |
| | 1,521,224 |
| | (2,914,432 | ) | | — |
| Total current liabilities | 14,628 |
| | 91,832 |
| | 1,413,007 |
| | 1,712,091 |
| | (2,914,432 | ) | | 317,126 |
| Long-term debt, less current portion | — |
| | 3,313,528 |
| | — |
| | 63,324 |
| | — |
| | 3,376,852 |
| Deferred income tax liability | — |
| | 1,262 |
| | 12 |
| | 22,069 |
| | — |
| | 23,343 |
| Other long-term liabilities | — |
| | 45,099 |
| | 13,124 |
| | 38,688 |
| | — |
| | 96,911 |
| Series D preferred units | 559,844 |
| | — |
| | — |
| | — |
| | — |
| | 559,844 |
| Total partners’ equity | 2,408,605 |
| | 1,452,251 |
| | 849,625 |
| | 2,760,573 |
| | (5,124,172 | ) | | 2,346,882 |
| Total liabilities, mezzanine equity and partners’ equity | $ | 2,983,077 |
| | $ | 4,903,972 |
| | $ | 2,275,768 |
| | $ | 4,596,745 |
| | $ | (8,038,604 | ) | | $ | 6,720,958 |
|
Condensed Consolidating Balance Sheets December 31, 2017 (Thousands of Dollars) | | | | | | | | | | | | | | | | | | | | | | | | | | NuStar Energy | | NuStar Logistics | | NuPOP | | Non-Guarantor Subsidiaries | | Eliminations | | Consolidated | Assets | | | | | | | | | | | | Cash and cash equivalents | $ | 885 |
| | $ | 29 |
| | $ | — |
| | $ | 23,378 |
| | $ | — |
| | $ | 24,292 |
| Receivables, net | — |
| | 280 |
| | — |
| | 176,495 |
| | — |
| | 176,775 |
| Inventories | — |
| | 1,686 |
| | 8,611 |
| | 16,560 |
| | — |
| | 26,857 |
| Other current assets | 61 |
| | 11,412 |
| | 4,191 |
| | 6,844 |
| | — |
| | 22,508 |
| Intercompany receivable | — |
| | 3,112,164 |
| | — |
| | — |
| | (3,112,164 | ) | | — |
| Total current assets | 946 |
| | 3,125,571 |
| | 12,802 |
| | 223,277 |
| | (3,112,164 | ) | | 250,432 |
| Property, plant and equipment, net | — |
| | 1,893,720 |
| | 591,070 |
| | 1,816,143 |
| | — |
| | 4,300,933 |
| Intangible assets, net | — |
| | 58,530 |
| | — |
| | 725,949 |
| | — |
| | 784,479 |
| Goodwill | — |
| | 149,453 |
| | 170,652 |
| | 777,370 |
| | — |
| | 1,097,475 |
| Investment in wholly owned subsidiaries | 2,891,371 |
| | 24,162 |
| | 1,301,717 |
| | 790,882 |
| | (5,008,132 | ) | | — |
| Deferred income tax asset | — |
| | — |
| | — |
| | 233 |
| | — |
| | 233 |
| Other long-term assets, net | 303 |
| | 65,684 |
| | 27,493 |
| | 8,201 |
| | — |
| | 101,681 |
| Total assets | $ | 2,892,620 |
| | $ | 5,317,120 |
| | $ | 2,103,734 |
| | $ | 4,342,055 |
| | $ | (8,120,296 | ) | | $ | 6,535,233 |
| Liabilities and Partners’ Equity | | | | | | | | | | | | Accounts payable | $ | 4,078 |
| | $ | 27,642 |
| | $ | 13,160 |
| | $ | 101,052 |
| | $ | — |
| | $ | 145,932 |
| Short-term debt | — |
| | 35,000 |
| | — |
| | — |
| | — |
| | 35,000 |
| Current portion of long-term debt | — |
| | 349,990 |
| | — |
| | — |
| | — |
| | 349,990 |
| Accrued interest payable | — |
| | 40,402 |
| | — |
| | 47 |
| | — |
| | 40,449 |
| Accrued liabilities | 1,105 |
| | 17,628 |
| | 9,450 |
| | 33,395 |
| | — |
| | 61,578 |
| Taxes other than income tax | 125 |
| | 7,110 |
| | 3,794 |
| | 3,356 |
| | — |
| | 14,385 |
| Income tax payable | — |
| | 732 |
| | 4 |
| | 3,436 |
| | — |
| | 4,172 |
| Intercompany payable | 322,296 |
| | — |
| | 1,277,691 |
| | 1,512,177 |
| | (3,112,164 | ) | | — |
| Total current liabilities | 327,604 |
| | 478,504 |
| | 1,304,099 |
| | 1,653,463 |
| | (3,112,164 | ) | | 651,506 |
| Long-term debt, less current portion | — |
| | 3,201,220 |
| | — |
| | 61,849 |
| | — |
| | 3,263,069 |
| Deferred income tax liability | — |
| | 1,262 |
| | 12 |
| | 20,998 |
| | — |
| | 22,272 |
| Other long-term liabilities | — |
| | 58,806 |
| | 8,861 |
| | 50,630 |
| | — |
| | 118,297 |
| Total partners’ equity | 2,565,016 |
| | 1,577,328 |
| | 790,762 |
| | 2,555,115 |
| | (5,008,132 | ) | | 2,480,089 |
| Total liabilities and partners’ equity | $ | 2,892,620 |
| | $ | 5,317,120 |
| | $ | 2,103,734 |
| | $ | 4,342,055 |
| | $ | (8,120,296 | ) | | $ | 6,535,233 |
|
|
| Condensed Consolidating Statements of Comprehensive Income (Loss) [Table Text Block] |
Condensed Consolidating Statements of Comprehensive Income For the Three Months Ended September 30, 2018 (Thousands of Dollars) | | | | | | | | | | | | | | | | | | | | | | | | | | NuStar Energy | | NuStar Logistics | | NuPOP | | Non-Guarantor Subsidiaries | | Eliminations | | Consolidated | Revenues | $ | — |
| | $ | 127,165 |
| | $ | 62,981 |
| | $ | 300,323 |
| | $ | (106 | ) | | $ | 490,363 |
| Costs and expenses | 600 |
| | 76,932 |
| | 40,497 |
| | 277,163 |
| | (106 | ) | | 395,086 |
| Operating (loss) income | (600 | ) | | 50,233 |
| | 22,484 |
| | 23,160 |
| | — |
| | 95,277 |
| Equity in earnings of subsidiaries | 48,668 |
| | 9,405 |
| | 13,884 |
| | 34,607 |
| | (106,564 | ) | | — |
| Interest income (expense), net | 68 |
| | (45,532 | ) | | (1,882 | ) | | 2,521 |
| | — |
| | (44,825 | ) | Other income, net | — |
| | 468 |
| | 119 |
| | 333 |
| | — |
| | 920 |
| Income before income tax expense | 48,136 |
| | 14,574 |
| | 34,605 |
| | 60,621 |
| | (106,564 | ) | | 51,372 |
| Income tax expense | — |
| | 82 |
| | — |
| | 3,154 |
| | — |
| | 3,236 |
| Net income | $ | 48,136 |
| | $ | 14,492 |
| | $ | 34,605 |
| | $ | 57,467 |
| | $ | (106,564 | ) | | $ | 48,136 |
| | | | | | | | | | | | | Comprehensive income | $ | 48,136 |
| | $ | 19,751 |
| | $ | 34,605 |
| | $ | 57,109 |
| | $ | (106,564 | ) | | $ | 53,037 |
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Condensed Consolidating Statements of Comprehensive Income (Loss) For the Three Months Ended September 30, 2017 (Thousands of Dollars) | | | | | | | | | | | | | | | | | | | | | | | | | | NuStar Energy | | NuStar Logistics | | NuPOP | | Non-Guarantor Subsidiaries | | Eliminations | | Consolidated | Revenues | $ | — |
| | $ | 127,980 |
| | $ | 58,871 |
| | $ | 253,854 |
| | $ | (139 | ) | | $ | 440,566 |
| Costs and expenses | 332 |
| | 77,668 |
| | 38,709 |
| | 232,279 |
| | (139 | ) | | 348,849 |
| Operating (loss) income | (332 | ) | | 50,312 |
| | 20,162 |
| | 21,575 |
| | — |
| | 91,717 |
| Equity in earnings (loss) of subsidiaries | 38,896 |
| | (4,558 | ) | | 20,809 |
| | 39,508 |
| | (94,655 | ) | | — |
| Interest income (expense), net | 28 |
| | (46,247 | ) | | (1,455 | ) | | 2,418 |
| | — |
| | (45,256 | ) | Other income (expense), net | — |
| | 57 |
| | (8 | ) | | (5,175 | ) | | — |
| | (5,126 | ) | Income (loss) before income tax expense | 38,592 |
| | (436 | ) | | 39,508 |
| | 58,326 |
| | (94,655 | ) | | 41,335 |
| Income tax expense | — |
| | 115 |
| | 1 |
| | 2,627 |
| | — |
| | 2,743 |
| Net income (loss) | $ | 38,592 |
| | $ | (551 | ) | | $ | 39,507 |
| | $ | 55,699 |
| | $ | (94,655 | ) | | $ | 38,592 |
| | | | | | | | | | | | | Comprehensive income (loss) | $ | 38,592 |
| | $ | (1,031 | ) | | $ | 39,507 |
| | $ | 62,069 |
| | $ | (94,655 | ) | | $ | 44,482 |
|
Condensed Consolidating Statements of Comprehensive Income For the Nine Months Ended September 30, 2018 (Thousands of Dollars) | | | | | | | | | | | | | | | | | | | | | | | | | | NuStar Energy | | NuStar Logistics | | NuPOP | | Non-Guarantor Subsidiaries | | Eliminations | | Consolidated | Revenues | $ | — |
| | $ | 364,721 |
| | $ | 185,760 |
| | $ | 902,422 |
| | $ | (455 | ) | | $ | 1,452,448 |
| Costs and expenses | 1,750 |
| | 235,936 |
| | 118,002 |
| | 823,620 |
| | (455 | ) | | 1,178,853 |
| Operating (loss) income | (1,750 | ) | | 128,785 |
| | 67,758 |
| | 78,802 |
| | — |
| | 273,595 |
| Equity in earnings of subsidiaries | 205,281 |
| | 8,848 |
| | 149,032 |
| | 211,919 |
| | (575,080 | ) | | — |
| Interest income (expense), net | 137 |
| | (145,915 | ) | | (5,177 | ) | | 9,422 |
| | — |
| | (141,533 | ) | Other income, net | — |
| | 2,792 |
| | 307 |
| | 78,985 |
| | — |
| | 82,084 |
| Income (loss) before income tax expense | 203,668 |
| | (5,490 | ) | | 211,920 |
| | 379,128 |
| | (575,080 | ) | | 214,146 |
| Income tax expense | — |
| | 313 |
| | 1 |
| | 10,164 |
| | — |
| | 10,478 |
| Net income (loss) | $ | 203,668 |
| | $ | (5,803 | ) | | $ | 211,919 |
| | $ | 368,964 |
| | $ | (575,080 | ) | | $ | 203,668 |
| | | | | | | | | | | | | Comprehensive income | $ | 203,668 |
| | $ | 24,535 |
| | $ | 211,919 |
| | $ | 361,830 |
| | $ | (575,080 | ) | | $ | 226,872 |
|
Condensed Consolidating Statements of Comprehensive Income (Loss) For the Nine Months Ended September 30, 2017 (Thousands of Dollars) | | | | | | | | | | | | | | | | | | | | | | | | | | NuStar Energy | | NuStar Logistics | | NuPOP | | Non-Guarantor Subsidiaries | | Eliminations | | Consolidated | Revenues | $ | — |
| | $ | 380,504 |
| | $ | 161,689 |
| | $ | 822,064 |
| | $ | (773 | ) | | $ | 1,363,484 |
| Costs and expenses | 1,327 |
| | 237,086 |
| | 106,296 |
| | 757,288 |
| | (773 | ) | | 1,101,224 |
| Operating (loss) income | (1,327 | ) | | 143,418 |
| | 55,393 |
| | 64,776 |
| | — |
| | 262,260 |
| Equity in earnings (loss) of
subsidiaries | 124,073 |
| | (10,625 | ) | | 69,770 |
| | 121,002 |
| | (304,220 | ) | | — |
| Interest income (expense), net | 36 |
| | (129,551 | ) | | (4,160 | ) | | 6,393 |
| | — |
| | (127,282 | ) | Other income (expense), net | — |
| | 140 |
| | 1 |
| | (5,039 | ) | | — |
| | (4,898 | ) | Income before income tax expense | 122,782 |
| | 3,382 |
| | 121,004 |
| | 187,132 |
| | (304,220 | ) | | 130,080 |
| Income tax expense | — |
| | 81 |
| | 3 |
| | 7,214 |
| | — |
| | 7,298 |
| Net income | $ | 122,782 |
| | $ | 3,301 |
| | $ | 121,001 |
| | $ | 179,918 |
| | $ | (304,220 | ) | | $ | 122,782 |
| | | | | | | | | | | | | Comprehensive income (loss) | $ | 122,782 |
| | $ | (1,592 | ) | | $ | 121,001 |
| | $ | 195,595 |
| | $ | (304,220 | ) | | $ | 133,566 |
|
|
| Condensed Consolidating Statements of Cash Flows [Text Block] |
Condensed Consolidating Statements of Cash Flows For the Nine Months Ended September 30, 2018 (Thousands of Dollars) | | | | | | | | | | | | | | | | | | | | | | | | | | NuStar Energy | | NuStar Logistics | | NuPOP | | Non-Guarantor Subsidiaries | | Eliminations | | Consolidated | Net cash provided by operating activities | $ | 296,475 |
| | $ | 60,254 |
| | $ | 90,482 |
| | $ | 361,320 |
| | $ | (445,211 | ) | | $ | 363,320 |
| Cash flows from investing activities: | | | | | | | | | | | | Capital expenditures | — |
| | (32,270 | ) | | (14,002 | ) | | (292,168 | ) | | — |
| | (338,440 | ) | Change in accounts payable related to capital expenditures | — |
| | 2,063 |
| | (6,209 | ) | | (14,484 | ) | | — |
| | (18,630 | ) | Proceeds from sale or disposition of assets | — |
| | 1,464 |
| | 20 |
| | 736 |
| | — |
| | 2,220 |
| Proceeds from insurance recoveries | — |
| | — |
| | — |
| | 78,419 |
| | — |
| | 78,419 |
| Acquisitions | — |
| | — |
| | (37,502 | ) | | — |
| | — |
| | (37,502 | ) | Investment in other long-term
assets | — |
| | — |
| | — |
| | (3,280 | ) | | — |
| | (3,280 | ) | Net cash used in investing activities | — |
| | (28,743 | ) | | (57,693 | ) | | (230,777 | ) | | — |
| | (317,213 | ) | Cash flows from financing activities: | | | | | | | | | | | | Debt borrowings | — |
| | 1,498,853 |
| | — |
| | 25,100 |
| | — |
| | 1,523,953 |
| Debt repayments | — |
| | (1,754,798 | ) | | — |
| | (23,700 | ) | | — |
| | (1,778,498 | ) | Issuance of Series D preferred units | 590,000 |
| | — |
| | — |
| | — |
| | — |
| | 590,000 |
| Payment of issuance costs for Series D preferred units | (34,187 | ) | | — |
| | — |
| | — |
| | — |
| | (34,187 | ) | Issuance of common units | 10,000 |
| | — |
| | — |
| | — |
| | — |
| | 10,000 |
| General partner contribution | 204 |
| | — |
| | — |
| | — |
| | — |
| | 204 |
| Distributions to preferred unitholders | (60,249 | ) | | (30,123 | ) | | (30,124 | ) | | (30,123 | ) | | 90,372 |
| | (60,247 | ) | Distributions to common unitholders and general partner | (236,549 | ) | | (118,275 | ) | | (118,274 | ) | | (118,290 | ) | | 354,839 |
| | (236,549 | ) | Cash consideration for Merger (Note 2) | (61,411 | ) | | — |
| | — |
| | 140 |
| | — |
| | (61,271 | ) | Proceeds from termination of interest rate swaps | — |
| | 8,048 |
| | — |
| | — |
| | — |
| | 8,048 |
| Net intercompany activity | (501,574 | ) | | 373,055 |
| | 115,609 |
| | 12,910 |
| | — |
| | — |
| Other, net | (2,430 | ) | | (4,062 | ) | | — |
| | (62 | ) | | — |
| | (6,554 | ) | Net cash used in financing activities | (296,196 | ) | | (27,302 | ) | | (32,789 | ) | | (134,025 | ) | | 445,211 |
| | (45,101 | ) | Effect of foreign exchange rate changes on cash | — |
| | — |
| | — |
| | (719 | ) | | — |
| | (719 | ) | Net increase (decrease) in cash and cash equivalents | 279 |
| | 4,209 |
| | — |
| | (4,201 | ) | | — |
| | 287 |
| Cash and cash equivalents as of the beginning of the period | 885 |
| | 29 |
| | — |
| | 23,378 |
| | — |
| | 24,292 |
| Cash and cash equivalents as of the end of the period | $ | 1,164 |
| | $ | 4,238 |
| | $ | — |
| | $ | 19,177 |
| | $ | — |
| | $ | 24,579 |
|
Condensed Consolidating Statements of Cash Flows For the Nine Months Ended September 30, 2017 (Thousands of Dollars) | | | | | | | | | | | | | | | | | | | | | | | | | | NuStar Energy | | NuStar Logistics | | NuPOP | | Non-Guarantor Subsidiaries | | Eliminations | | Consolidated | Net cash provided by operating activities | $ | 355,864 |
| | $ | 128,395 |
| | $ | 72,711 |
| | $ | 290,917 |
| | $ | (536,872 | ) | | $ | 311,015 |
| Cash flows from investing activities: | | | | | | | | | | | | Capital expenditures | — |
| | (34,964 | ) | | (18,138 | ) | | (167,515 | ) | | — |
| | (220,617 | ) | Change in accounts payable related to capital expenditures | — |
| | (1,223 | ) | | 4,445 |
| | 10,050 |
| | — |
| | 13,272 |
| Proceeds from sale or disposition of assets | — |
| | 1,947 |
| | 17 |
| | 59 |
| | — |
| | 2,023 |
| Investment in subsidiaries | (1,262,000 | ) | | — |
| | — |
| | (126 | ) | | 1,262,126 |
| | — |
| Proceeds from Axeon term loan | — |
| | 110,000 |
| | — |
| | — |
| | — |
| | 110,000 |
| Acquisitions | — |
| | — |
| | — |
| | (1,461,719 | ) | | — |
| | (1,461,719 | ) | Net cash (used in) provided by investing activities | (1,262,000 | ) | | 75,760 |
| | (13,676 | ) | | (1,619,251 | ) | | 1,262,126 |
| | (1,557,041 | ) | Cash flows from financing activities: | | | | | | | | | | | | Debt borrowings | — |
| | 1,901,504 |
| | — |
| | 69,700 |
| | — |
| | 1,971,204 |
| Debt repayments | — |
| | (1,856,739 | ) | | — |
| | (82,000 | ) | | — |
| | (1,938,739 | ) | Note offering, net of issuance costs | — |
| | 543,313 |
| | — |
| | — |
| | — |
| | 543,313 |
| Issuance of other preferred units, net of issuance costs | 371,802 |
| | — |
| | — |
| | — |
| | — |
| | 371,802 |
| Issuance of common units, net of issuance costs | 643,858 |
| | — |
| | — |
| | — |
| | — |
| | 643,858 |
| General partner contribution | 13,597 |
| | — |
| | — |
| | — |
| | — |
| | 13,597 |
| Distributions to preferred unitholders | (26,681 | ) | | (13,340 | ) | | (13,341 | ) | | (13,342 | ) | | 40,023 |
| | (26,681 | ) | Distributions to common unitholders and general partner | (331,222 | ) | | (165,611 | ) | | (165,611 | ) | | (165,627 | ) | | 496,849 |
| | (331,222 | ) | Contributions from affiliates | — |
| | 1,262,000 |
| | — |
| | 126 |
| | (1,262,126 | ) | | — |
| Net intercompany activity | 238,172 |
| | (1,873,773 | ) | | 119,917 |
| | 1,515,684 |
| | — |
| | — |
| Other, net | (3,366 | ) | | (1,486 | ) | | — |
| | (218 | ) | | — |
| | (5,070 | ) | Net cash provided by (used) in financing activities | 906,160 |
| | (204,132 | ) | | (59,035 | ) | | 1,324,323 |
| | (725,254 | ) | | 1,242,062 |
| Effect of foreign exchange rate changes on cash | — |
| | — |
| | — |
| | 1,637 |
| | — |
| | 1,637 |
| Net increase (decrease) in cash and cash equivalents | 24 |
| | 23 |
| | — |
| | (2,374 | ) | | — |
| | (2,327 | ) | Cash and cash equivalents as of the beginning of the period | 870 |
| | 5 |
| | — |
| | 35,067 |
| | — |
| | 35,942 |
| Cash and cash equivalents as of the end of the period | $ | 894 |
| | $ | 28 |
| | $ | — |
| | $ | 32,693 |
| | $ | — |
| | $ | 33,615 |
|
|