Nustar Energy L.P. (NS) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
19003 IH-10 WEST SAN ANTONIO, TX 78257 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 461 - Pipelines, Except Natural Gas (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 3/31/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 3 | 14 | 6 | 154 | 16 | 14 | |||
| Cash and cash equivalents | 3 | 14 | 6 | 154 | 16 | 14 | |||
| Receivables | 136 | 150 | 135 | 133 | 153 | 148 | |||
| Inventory, net of allowances, customer advances and progress billings | 19 | 15 | 17 | 11 | 12 | 23 | |||
| Inventory | 19 | 15 | 17 | 11 | 12 | 23 | |||
| Prepaid expense | 30 | 24 | 27 | 25 | 22 | 17 | |||
| Total current assets: | 187 | 204 | 185 | 324 | 203 | 202 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 67 | 68 | 71 | 73 | ✕ | ||||
| Operating lease, right-of-use asset | 144 | 63 | 77 | 87 | ✕ | ||||
| Property, plant and equipment | 4,119 | 4,289 | |||||||
| Intangible assets, net (including goodwill) | 1,208 | 1,246 | 1,290 | 1,397 | 1,687 | 1,770 | |||
| Goodwill | 732 | 732 | 732 | 766 | 1,006 | 1,037 | |||
| Intangible assets, net (excluding goodwill) | 476 | 514 | 558 | 630 | 682 | 733 | |||
| Contract with customer, asset, after allowance for credit loss | 1 | 1 | |||||||
| Other noncurrent assets | 218 | 121 | 140 | 139 | 176 | 88 | |||
| Other undisclosed noncurrent assets | 3,072 | 3,272 | 3,393 | 3,796 | |||||
| Total noncurrent assets: | 4,709 | 4,770 | 4,972 | 5,493 | 5,983 | 6,147 | |||
| TOTAL ASSETS: | 4,896 | 4,974 | 5,156 | 5,817 | 6,186 | 6,349 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 165 | 144 | 211 | 217 | 269 | 305 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | 34 | 51 | 38 | 36 | ||
| Taxes payable | ✕ | ✕ | ✕ | 14 | 17 | 17 | 24 | ||
| Accounts payable | 77 | 68 | 82 | 72 | 110 | 143 | |||
| Accrued liabilities | 88 | 76 | 80 | 78 | 104 | 102 | |||
| Debt | 5 | 4 | 4 | 4 | 462 | 19 | |||
| Other undisclosed current liabilities | 51 | 48 | |||||||
| Total current liabilities: | 221 | 196 | 215 | 221 | 732 | 323 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 3,410 | 3,293 | 3,184 | 3,593 | 2,935 | 3,112 | |||
| Long-term debt, excluding current maturities | 3,112 | ||||||||
| Finance lease, liability | 51 | 51 | 53 | 54 | ✕ | ||||
| Other undisclosed long-term debt and lease obligation | 3,360 | 3,242 | 3,131 | 3,539 | 2,935 | ||||
| Liabilities, other than long-term debt | 219 | 135 | 160 | 171 | 161 | 92 | |||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 12 | ||
| Deferred income tax liabilities | 4 | 3 | 12 | 13 | 12 | ✕ | |||
| Other liabilities | 215 | 131 | 148 | 158 | 149 | 80 | |||
| Total noncurrent liabilities: | 3,629 | 3,428 | 3,343 | 3,764 | 3,096 | 3,204 | |||
| Total liabilities: | 3,850 | 3,624 | 3,558 | 3,986 | 3,828 | 3,527 | |||
| Temporary equity, carrying amount | 447 | 616 | 600 | 582 | 564 | ||||
| Equity | |||||||||
| Equity, attributable to parent | (23) | (32) | (74) | (97) | (68) | (55) | |||
| Accumulated other comprehensive loss | (23) | (32) | (74) | (97) | (68) | (55) | |||
| Other undisclosed equity | 1,069 | 934 | 1,056 | 1,329 | 1,844 | 2,313 | |||
| Total equity: | 1,046 | 902 | 982 | 1,232 | 1,776 | 2,258 | |||
| TOTAL LIABILITIES AND EQUITY: | 4,896 | 4,974 | 5,156 | 5,817 | 6,186 | 6,349 | |||
Income Statement (P&L) ($ in millions)
| 3/31/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,619 | 1,482 | 1,498 | 1,962 | ||||
| Cost of revenue | (1,072) | (1,150) | (1,006) | (795) | (588) | (1,382) | ||
| Gross profit: | (1,072) | (1,150) | 613 | 686 | 910 | 579 | ||
| Operating expenses | (93) | (124) | (376) | (477) | (519) | (216) | ||
| Other undisclosed operating income | 1,675 | 1,683 | ||||||
| Operating income: | 510 | 409 | 236 | 209 | 391 | 364 | ||
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | 10 | 26 | 20 | (35) | 4 | 40 | ||
| Interest and debt expense | (2) | (2) | (2) | (142) | (2) | |||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | ||||||||
| Income from continuing operations before equity method investments, income taxes: | 518 | 433 | 254 | 33 | 392 | 403 | ||
| Other undisclosed loss from continuing operations before income taxes | (212) | (229) | (181) | |||||
| Income (loss) from continuing operations before income taxes: | 518 | 433 | 42 | (196) | 212 | 403 | ||
| Income tax expense | (5) | (3) | (4) | (3) | (5) | (11) | ||
| Income (loss) from continuing operations: | 513 | 430 | 38 | (199) | 207 | 392 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 38 | (199) | (106) | 392 | |
| Loss from discontinued operations | (313) | |||||||
| Net income (loss): | 513 | 430 | 38 | (199) | (106) | 392 | ||
| Other undisclosed net loss attributable to parent | (239) | (207) | (186) | |||||
| Net income (loss) available to common stockholders, diluted: | 274 | 223 | 38 | (199) | (106) | 206 | ||
Comprehensive Income ($ in millions)
| 3/31/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 513 | 430 | 38 | (199) | (106) | 392 | ||
| Other comprehensive income (loss) | (0) | (0) | (0) | 0 | 0 | (0) | ||
| Other undisclosed comprehensive loss | ||||||||
| Comprehensive income (loss): | 513 | 430 | 38 | (199) | (106) | 392 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (231) | (165) | 23 | (29) | (13) | (156) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 282 | 265 | 61 | (228) | (119) | 236 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.