NuStar Energy L.P. (NS) financial statements (2022 and earlier)

Company profile

Business Address 19003 IH-10 WEST
SAN ANTONIO, TX 78257
State of Incorp. DE
Fiscal Year End December 31
SIC 461 - Pipelines, Except Natural Gas (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments615416142436119
Cash and cash equivalents615416142436119
Receivables135133153148177171145
Inventory, net of allowances, customer advances and progress billings17111223273839
Inventory17111223273839
Prepaid expense27252217   
Other current assets    2313331
Total current assets:185324203202250377334
Noncurrent Assets
Finance lease, right-of-use asset7173 
Operating lease, right-of-use asset7787 
Property, plant and equipment  4,1194,2894,3013,7223,684
Intangible assets, net (including goodwill)1,2901,3971,6871,7701,882824809
Goodwill7327661,0061,0371,097697697
Intangible assets, net (excluding goodwill)558630682733784127112
Contract with customer, asset, net11  
Other noncurrent assets14013917688102105320
Other undisclosed noncurrent assets3,3933,796  023
Total noncurrent assets:4,9725,4935,9836,1476,2854,6534,815
TOTAL ASSETS:5,1565,8176,1866,3496,5355,0315,149
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities211217269305267235233
Accounts payable8272110143146119125
Accrued liabilities8078104102626055
Taxes payable14171724192219
Interest and dividends payable34513836403434
Debt44462193855484
Due to related parties      15
Total current liabilities:215221732323652289332
Noncurrent Liabilities
Long-term debt and lease obligation, including:3,1843,5932,9353,1123,2633,0143,079
Long-term debt, excluding current maturities   3,1123,2633,0143,079
Finance lease, liability5354 
Other undisclosed long-term debt and lease obligation3,1313,5392,935    
Liabilities, other than long-term debt16017116192141115128
Deferred tax liabilities, net12222225
Deferred income tax liabilities121312
Due to related parties      32
Other liabilities148158149801189371
Total noncurrent liabilities:3,3433,7643,0963,2043,4043,1303,207
Total liabilities:3,5583,9863,8283,5274,0553,4193,539
Temporary equity, carrying amount616600582564   
Stockholders' equity
Stockholders' equity attributable to parent(74)(97)(68)(55)(85)(94)(89)
Accumulated other comprehensive loss(74)(97)(68)(55)(85)(94)(89)
Other undisclosed stockholders' equity1,0561,3291,8442,3132,5651,7061,699
Total stockholders' equity:9821,2321,7762,2582,4801,6121,610
TOTAL LIABILITIES AND EQUITY:5,1565,8176,1866,3496,5355,0315,149

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues1,6191,4821,4981,9621,8141,7572,084
Revenue, net1,8141,7572,084
Cost of revenue(1,006)(795)(588)(1,382)(1,308)(1,226)(1,576)
Gross profit:613686910579506531508
Operating expenses(376)(477)(519)(216)(170)(172)(117)
Operating income:236209391364336359391
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
20(35)440(5)(59)62
Interest and debt expense(2)(142)(2)    
Income from continuing operations before equity method investments, income taxes:25433392403331300453
Other undisclosed loss from continuing operations before income taxes(212)(229)(181) (173)(138)(132)
Income (loss) from continuing operations before income taxes:42(196)212403158162321
Income tax expense(4)(3)(5)(11)(10)(12)(15)
Income (loss) from continuing operations:38(199)207392148150306
Income (loss) from discontinued operations  (313)   1
Net income (loss):38(199)(106)392148150307
Other undisclosed net loss attributable to parent   (186)   
Net income (loss) available to common stockholders, diluted:38(199)(106)206148150307

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):38(199)(106)392148150307
Other comprehensive income (loss)(0)00(0)0(5)(21)
Comprehensive income (loss):38(199)(106)392148145286
Other undisclosed comprehensive income (loss), net of tax, attributable to parent23(29)(13)(156)9  
Comprehensive income (loss), net of tax, attributable to parent:61(228)(119)236157145286

Statements sources

The financial statements are based on the company's filings with the 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.

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