Nustar Energy L.P. (NS) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1541614243611988
Cash and cash equivalents1541614243611988
Receivables133153148177171145208
Inventory, net of allowances, customer advances and progress billings11122327383956
Inventory11122327383956
Prepaid expense252217   16
Derivative instruments and hedges, assets      16
Advances on inventory purchases      2
Disposal group, including discontinued operation      1
Other current assets   231333136
Other undisclosed current assets      (35)
Total current assets:324203202250377334389
Noncurrent Assets
Finance lease, right-of-use asset73 
Operating lease, right-of-use asset87 
Property, plant and equipment 4,1194,2894,3013,7223,6843,461
Long-term investments and receivables      74
Long-term investments      74
Intangible assets, net (including goodwill)1,3971,6871,7701,882824809676
Goodwill7661,0061,0371,097697697617
Intangible assets, net (excluding goodwill)63068273378412711259
Contract with customer, asset, net1  
Other noncurrent assets13917688102105320314
Deferred tax assets, net    (23)
Other undisclosed noncurrent assets3,796  02327
Total noncurrent assets:5,4935,9836,1476,2854,6534,8154,530
TOTAL ASSETS:5,8176,1866,3496,5355,0315,1494,919
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities217269305267235233291
Accounts payable72110143146119125162
Accrued liabilities7810410262605561
Employee-related liabilities      32
Taxes payable1717241922193
Interest and dividends payable51383640343433
Debt446219385548477
Derivative instruments and hedges, liabilities      5
Accrued environmental loss contingencies      4
Due to related parties     1515
Deferred revenue and credits   11
Other liabilities      13
Other undisclosed current liabilities      (50)
Total current liabilities:221732323652289332365
Noncurrent Liabilities
Long-term debt and lease obligation, including:3,5932,9353,1123,2633,0143,0792,749
Long-term debt, excluding current maturities  3,1123,2633,0143,0792,749
Finance lease, liability54 
Other undisclosed long-term debt and lease obligation3,5392,935     
Liabilities, other than long-term debt1711619214111512891
Deferred tax liabilities, net1222222527
Deferred income tax liabilities1312
Accrued environmental loss contingencies      3
Due to related parties     3234
Other liabilities15814980118937127
Other undisclosed noncurrent liabilities      (3)
Total noncurrent liabilities:3,7643,0963,2043,4043,1303,2072,837
Total liabilities:3,9863,8283,5274,0553,4193,5393,203
Temporary equity, carrying amount600582564    
Stockholders' equity
Stockholders' equity attributable to parent(97)(68)(55)(85)(94)(89)(68)
Accumulated other comprehensive loss(97)(68)(55)(85)(94)(89)(68)
Other undisclosed stockholders' equity1,3291,8442,3132,5651,7061,6991,784
Total stockholders' equity:1,2321,7762,2582,4801,6121,6101,716
TOTAL LIABILITIES AND EQUITY:5,8176,1866,3496,5355,0315,1494,919

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues1,4821,4981,9621,8141,7572,084283
Revenue, net1,8141,7572,0843,075
Cost of revenue(795)(588)(1,382)(1,308)(1,226)(1,576)(2,160)
Cost of goods and services sold      (1,968)
Gross profit:686910579506531508(1,877)
Operating expenses(477)(519)(216)(170)(172)(117)(568)
Other undisclosed operating income      2,792
Operating income:209391364336359391347
Nonoperating income (expense)(35)440(5)(59)628
Foreign currency transaction gain, before tax      2
Other nonoperating income (expense)(35)440(5)(59)624
Interest and debt expense(142)(2)     
Income from continuing operations before equity method investments, income taxes:33392403331300453355
Income from equity method investments      5
Other undisclosed loss from continuing operations before income taxes(229)(181) (173)(138)(132)(134)
Income (loss) from continuing operations before income taxes:(196)212403158162321225
Income tax expense(3)(5)(11)(10)(12)(15)(11)
Income (loss) from continuing operations:(199)207392148150306214
Income (loss) from discontinued operations (313)   1 
Income (loss) before gain (loss) on sale of properties:(199)(106)392148150307214
Other undisclosed net loss      (4)
Net income (loss):(199)(106)392148150307210
Net income attributable to noncontrolling interest      0
Other undisclosed net loss attributable to parent  (186)    
Net income (loss) available to common stockholders, diluted:(199)(106)206148150307211

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(199)(106)392148150307210
Other comprehensive income (loss)00(0)0(5)(21)(5)
Comprehensive income (loss):(199)(106)392148145286205
Comprehensive income, net of tax, attributable to noncontrolling interest      1
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(29)(13)(156)9   
Comprehensive income (loss), net of tax, attributable to parent:(228)(119)236157145286206

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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