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 investments | 6 | 154 | 16 | 14 | 24 | 36 | 119 | ||
| Cash and cash equivalents | 6 | 154 | 16 | 14 | 24 | 36 | 119 | ||
| Receivables | 135 | 133 | 153 | 148 | 177 | 171 | 145 | ||
| Inventory, net of allowances, customer advances and progress billings | 17 | 11 | 12 | 23 | 27 | 38 | 39 | ||
| Inventory | 17 | 11 | 12 | 23 | 27 | 38 | 39 | ||
| Prepaid expense | 27 | 25 | 22 | 17 | |||||
| Other current assets | 23 | 133 | 31 | ||||||
| Total current assets: | 185 | 324 | 203 | 202 | 250 | 377 | 334 | ||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset | 71 | 73 | ✕ | ✕ | ✕ | ✕ | |||
| Operating lease, right-of-use asset | 77 | 87 | ✕ | ✕ | ✕ | ✕ | |||
| Property, plant and equipment | 4,119 | 4,289 | 4,301 | 3,722 | 3,684 | ||||
| Intangible assets, net (including goodwill) | 1,290 | 1,397 | 1,687 | 1,770 | 1,882 | 824 | 809 | ||
| Goodwill | 732 | 766 | 1,006 | 1,037 | 1,097 | 697 | 697 | ||
| Intangible assets, net (excluding goodwill) | 558 | 630 | 682 | 733 | 784 | 127 | 112 | ||
| Contract with customer, asset, net | 1 | 1 | ✕ | ✕ | ✕ | ||||
| Other noncurrent assets | 140 | 139 | 176 | 88 | 102 | 105 | 320 | ||
| Other undisclosed noncurrent assets | 3,393 | 3,796 | 0 | 2 | 3 | ||||
| Total noncurrent assets: | 4,972 | 5,493 | 5,983 | 6,147 | 6,285 | 4,653 | 4,815 | ||
| TOTAL ASSETS: | 5,156 | 5,817 | 6,186 | 6,349 | 6,535 | 5,031 | 5,149 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 211 | 217 | 269 | 305 | 267 | 235 | 233 | ||
| Accounts payable | 82 | 72 | 110 | 143 | 146 | 119 | 125 | ||
| Accrued liabilities | 80 | 78 | 104 | 102 | 62 | 60 | 55 | ||
| Taxes payable | 14 | 17 | 17 | 24 | 19 | 22 | 19 | ||
| Interest and dividends payable | 34 | 51 | 38 | 36 | 40 | 34 | 34 | ||
| Debt | 4 | 4 | 462 | 19 | 385 | 54 | 84 | ||
| Due to related parties | 15 | ||||||||
| Total current liabilities: | 215 | 221 | 732 | 323 | 652 | 289 | 332 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 3,184 | 3,593 | 2,935 | 3,112 | 3,263 | 3,014 | 3,079 | ||
| Long-term debt, excluding current maturities | 3,112 | 3,263 | 3,014 | 3,079 | |||||
| Finance lease, liability | 53 | 54 | ✕ | ✕ | ✕ | ✕ | |||
| Other undisclosed long-term debt and lease obligation | 3,131 | 3,539 | 2,935 | ||||||
| Liabilities, other than long-term debt | 160 | 171 | 161 | 92 | 141 | 115 | 128 | ||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | 12 | 22 | 22 | 25 | ||
| Deferred income tax liabilities | 12 | 13 | 12 | ✕ | ✕ | ✕ | ✕ | ||
| Due to related parties | 32 | ||||||||
| Other liabilities | 148 | 158 | 149 | 80 | 118 | 93 | 71 | ||
| Total noncurrent liabilities: | 3,343 | 3,764 | 3,096 | 3,204 | 3,404 | 3,130 | 3,207 | ||
| Total liabilities: | 3,558 | 3,986 | 3,828 | 3,527 | 4,055 | 3,419 | 3,539 | ||
| Temporary equity, carrying amount | 616 | 600 | 582 | 564 | |||||
| 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' equity | 1,056 | 1,329 | 1,844 | 2,313 | 2,565 | 1,706 | 1,699 | ||
| Total stockholders' equity: | 982 | 1,232 | 1,776 | 2,258 | 2,480 | 1,612 | 1,610 | ||
| TOTAL LIABILITIES AND EQUITY: | 5,156 | 5,817 | 6,186 | 6,349 | 6,535 | 5,031 | 5,149 | ||
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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,619 | 1,482 | 1,498 | 1,962 | 1,814 | 1,757 | 2,084 | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 1,814 | 1,757 | 2,084 | |
| Cost of revenue | (1,006) | (795) | (588) | (1,382) | (1,308) | (1,226) | (1,576) | |
| Gross profit: | 613 | 686 | 910 | 579 | 506 | 531 | 508 | |
| Operating expenses | (376) | (477) | (519) | (216) | (170) | (172) | (117) | |
| Operating income: | 236 | 209 | 391 | 364 | 336 | 359 | 391 | |
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | 20 | (35) | 4 | 40 | (5) | (59) | 62 | |
| Interest and debt expense | (2) | (142) | (2) | |||||
| Income from continuing operations before equity method investments, income taxes: | 254 | 33 | 392 | 403 | 331 | 300 | 453 | |
| 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) | 212 | 403 | 158 | 162 | 321 | |
| Income tax expense | (4) | (3) | (5) | (11) | (10) | (12) | (15) | |
| Income (loss) from continuing operations: | 38 | (199) | 207 | 392 | 148 | 150 | 306 | |
| Income (loss) from discontinued operations | (313) | 1 | ||||||
| Net income (loss): | 38 | (199) | (106) | 392 | 148 | 150 | 307 | |
| Other undisclosed net loss attributable to parent | (186) | |||||||
| Net income (loss) available to common stockholders, diluted: | 38 | (199) | (106) | 206 | 148 | 150 | 307 | |
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) | 392 | 148 | 150 | 307 | |
| Other comprehensive income (loss) | (0) | 0 | 0 | (0) | 0 | (5) | (21) | |
| Comprehensive income (loss): | 38 | (199) | (106) | 392 | 148 | 145 | 286 | |
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 23 | (29) | (13) | (156) | 9 | |||
| Comprehensive income (loss), net of tax, attributable to parent: | 61 | (228) | (119) | 236 | 157 | 145 | 286 | |
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.