Nustar energy l.p. (NS)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10
Cash Flows from Operating Activities:
Net Income (Loss) Attributable to Parent

-147,641

78,408

47,811

45,951

-277,863

2,126

48,136

29,399

126,133

25,182

38,592

26,250

57,940

-11,056

51,141

52,517

57,401

59,480

65,016

54,325

127,899

53,394

61,948

55,399

39,637

-375,280

33,236

32,969

24,404

-11,023

4,342

-246,810

26,254

30,199

70,281

92,605

28,516

51,535

68,310

99,422

19,703

Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization expense

70,247

70,629

68,548

67,877

74,406

74,295

75,700

75,864

72,015

70,589

69,178

67,601

56,864

55,997

53,946

53,651

53,142

52,687

52,301

52,765

52,457

48,943

48,599

47,936

46,230

47,178

47,597

46,662

42,926

40,708

39,686

45,576

44,681

43,932

42,418

41,640

40,296

39,149

38,539

38,185

37,929

Amortization of unit-based compensation

2,585

-

-

-

2,982

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unit-based compensation expense

-

-

-

-

-

-

4,412

2,186

2,091

-

2,320

2,327

2,790

2,759

1,951

1,783

1,086

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of debt related items

1,462

1,218

1,348

1,333

1,310

1,462

1,961

2,552

1,413

1,470

1,531

1,578

1,568

1,715

1,797

1,948

2,017

2,147

2,208

2,248

2,237

1,954

2,270

2,321

2,424

2,608

1,263

1,631

-1,173

-1,298

-1,066

-1,740

-2,912

-4,064

-3,638

-2,717

-1,973

-1,955

-1,944

-1,960

-1,908

Loss (gain) from sale or disposition of assets

-

-

-

-

-

-

-

-

-

-64

-4,956

-12

48

-78

12

6

-4

-15

1,467

90

75

13

3,752

64

24

-910

-7

-458

9,204

-7,074

-19,828

-137

137

-

-

-

-

-

-

-

-

Gain associated with the Linden Acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

56,277

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Asset and goodwill impairment losses

225,000

-

-

-

328,440

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,134

0

0

2,067

406,982

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Asset impairment losses

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill impairment loss

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain from insurance recoveries

-

-

-

-

-

-

0

0

78,756

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income tax benefit

-999

129

-30

272

-847

703

198

300

842

112

-129

-268

291

-3,458

427

2,106

456

1,432

258

903

-535

1,014

322

-923

3,054

-2,924

-2,468

-155

-1,192

139

-3,651

6,096

-1,042

221

2,643

2,038

-551

199

369

-2,917

616

Changes in current assets and current liabilities (Note 11)

9,785

-

-

-

33,403

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity in earnings of joint ventures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,059

2,749

3,294

-4,306

-13,341

-5,358

-10,128

-11,143

-13,194

-951

2,381

2,386

4,461

2,599

2,010

2,388

2,929

2,454

2,102

3,015

Distributions of equity in earnings of joint ventures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

2,500

1,708

2,785

728

2,366

2,169

1,135

0

4,652

0

3,098

3,266

0

4,977

2,668

3,806

2,923

2,125

2,450

2,650

2,400

Increase (Decrease) in Operating Capital

-

-

-

-

-

-

11,490

-32,042

-10,691

-

2,327

-23,798

39,142

-16,193

-2,797

2,784

12,490

-30,756

-28,305

728

7,774

-81,338

-13,570

-26,305

38,795

4,062

-56,961

13,709

-73,586

18,503

-184,838

-370

76,458

49,026

14,691

-31,163

232,899

-92,948

-62,200

143,589

18,426

Decrease (increase) in other long-term assets

-2,303

-3,901

-2,929

-15,264

74

705

-8,900

10,395

829

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in other long-term liabilities

948

1,816

-12,380

-118

9,275

10,339

-8,098

-9,859

-10,214

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other, net

-7,308

578

761

317

658

203

203

185

222

382

383

4,482

-3,717

-6,716

12,531

-4,091

-111

-2,296

7,684

-5,182

-2,150

-15,915

8,180

-8,649

-2,060

-15,757

-3,896

-9,171

742

2,967

8,265

5,823

-2,387

29,036

-3,082

-1,097

-278

-659

1,222

-473

-50

Net cash provided by operating activities

151,428

154,096

113,767

137,326

103,568

180,887

119,470

120,686

123,164

95,784

102,027

125,008

83,980

122,212

99,516

113,306

101,727

148,813

138,937

114,605

122,582

203,328

114,813

137,057

63,325

106,679

146,985

87,155

144,400

27,324

239,761

41,731

-9,613

-7,403

100,047

167,622

-165,798

181,667

167,180

-23,596

37,249

Cash flows from investing activities:
Capital expenditures

56,283

98,525

115,082

160,532

159,429

119,012

89,919

110,647

137,874

164,021

111,768

63,117

45,732

58,944

50,053

49,185

46,176

84,137

87,050

80,741

72,880

127,417

110,676

64,386

54,486

82,619

97,506

110,631

52,564

89,817

308,060

5,913

6,805

302,852

12,235

13,201

7,372

15,635

13,665

10,003

11,259

Change in accounts payable related to capital expenditures

-15,706

-90

-28,785

-3,257

19,401

10,947

690

-7,302

-12,018

23,631

6,421

13,671

-6,820

4,441

-2,830

-11

-12,663

4,646

152

5,510

-13,464

-6,007

-2,905

5,255

8,560

-8,263

2,879

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Acquisitions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

142,500

0

0

0

0

-

-

-

-

-

-

-

-

-3

245

47,871

52,577

0

0

43,026

0

Proceeds from Axeon term loan

-

-

-

-

-

-

-

-

-

0

0

0

110,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from insurance recoveries

-

-

-

-

-

0

0

0

78,419

977

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale or disposition of assets

565

227,838

171

64

79

268,220

123

2,078

19

13

57

107

1,859

0

0

0

0

7

15,818

122

1,185

37

11,534

14,375

66

2,539

20

3,732

112,715

-

-

-

-

-

-

-

-

-

-

-

-

Strategic capital expenditures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

104,942

93,479

-

75,329

69,947

65,874

62,737

60,108

51,644

44,779

Investments in other long-term assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-23

143

1,267

2,177

0

0

0

0

-

-

-

-

246

78

2,192

94

541

2,869

4,944

636

69

176

2,128

1,096

Proceeds from the San Antonio Refinery Sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

Increase in note receivable from Axeon

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-13,328

-30,200

47,200

-34,472

-63,489

75,000

-170,711

0

0

-

-

-

-

-

-

-

-

Payments for (Proceeds from) Other Investing Activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

830

0

23

458

-24

88

-220

0

0

164

-164

-

-

-

-58

-

-

-

-112

Net cash (used in) provided by investing activities

-71,424

-98,486

82,913

-163,725

-139,949

163,435

-92,386

-153,373

-71,454

-139,400

-90,290

-1,526,058

59,307

-150,160

-52,883

-49,196

-58,839

-74,594

-71,223

-76,376

-229,836

-133,387

-75,247

-55,266

-76,331

-113,243

-53,141

-141,459

-3,118

-323,770

160,389

-82,205

-100,214

-90,599

-90,522

-135,732

-126,401

-77,823

-72,114

-93,256

-57,022

Cash flows from financing activities:
Proceeds from long-term debt borrowings

135,200

93,900

149,600

185,800

230,000

268,700

308,181

557,561

119,711

242,563

186,043

892,895

144,266

228,747

175,078

180,815

168,089

112,352

138,044

279,203

330,532

206,283

132,119

160,104

245,213

439,231

253,814

711,180

334,226

743,977

443,370

907,680

454,118

208,647

121,338

242,084

343,680

123,931

104,079

365,000

306,355

Proceeds from short-term debt borrowings

52,000

54,000

75,000

97,000

81,500

80,000

82,500

226,000

230,000

303,000

183,000

299,000

266,000

192,000

183,000

145,000

134,000

201,500

190,000

269,000

163,000

369,700

170,800

34,400

0

-

-

-

-

0

0

15,450

56,430

2,200

0

0

31,600

0

1,250

84,079

91,712

Proceeds from note offering, net of issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-288

296,092

-158

391,217

-10

0

0

247,408

0

0

0

0

-

-

-

-

Repayments of Long-term Debt

104,615

58,300

253,800

553,200

63,600

531,278

309,977

826,100

79,421

212,800

82,500

915,045

207,194

361,402

226,558

90,483

93,709

135,000

95,118

187,126

83,166

172,501

119,236

142,753

189,280

253,561

562,650

616,327

718,205

361,297

1,027,300

805,934

453,944

419,997

122,160

143,599

82,394

58,130

509,550

406,762

229,871

Short-term debt repayments

47,500

60,000

69,500

96,500

94,500

72,000

135,000

233,000

195,000

336,000

160,000

326,000

248,000

145,000

176,000

226,000

137,000

159,500

194,000

269,000

194,000

314,100

149,400

34,400

0

0

0

-577

577

0

0

15,450

56,430

2,200

0

0

31,600

0

1,250

84,079

111,712

Distributions to preferred unitholders

30,423

30,424

30,423

30,423

30,423

30,423

27,534

16,033

16,680

12,152

15,985

4,813

5,883

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions to common unitholders

65,169

64,671

64,658

64,658

64,367

64,228

64,225

57,052

115,272

115,084

115,083

117,118

99,021

98,809

98,051

98,051

98,051

98,051

98,051

98,051

98,051

98,051

98,051

98,051

98,051

98,051

98,051

98,051

98,051

98,051

89,076

89,076

89,076

81,475

81,339

79,616

79,616

79,616

78,754

73,392

73,392

Proceeds from termination of interest rate swaps

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-17,442

-16,255

0

0

19,680

-25,358

20,801

3,520

9,112

0

-

-

-

-

Payment of tax withholding for unit-based compensation

8,820

2,193

210

2

6,366

1,526

488

18

51

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Decrease in cash book overdrafts

-1,194

989

-23

-1,110

-3,608

2,962

409

573

-1,009

172

243

1,604

-283

944

-1,015

-2,367

-8,799

9,327

1,414

599

-14,294

9,381

99

3,586

-215

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-4,622

Other, net

-6,568

-1,842

-3,767

-1,932

-1,519

-433

-452

-2,394

-3,124

411

-4,019

-680

-1,935

-3,074

-744

-669

-5

0

-227

-555

-10

-4,851

-557

-4

-369

-4,039

-152

3,244

76

-10,341

771

2,820

-3,228

4,527

2,026

-1,667

-1,144

4,457

-3,235

-5,436

-75

Net cash (used in) provided by financing activities

-77,089

-53,549

-197,858

26,640

47,117

-354,766

-22,551

38,296

-60,846

34,210

-8,301

1,402,413

-152,050

31,911

-116,005

-91,755

-35,475

-69,372

-57,938

-5,930

104,011

-4,139

-64,226

-77,118

-42,702

86,143

-110,947

-16,977

-107,569

274,031

-328,452

35,170

129,920

54,843

-74,962

26,314

180,526

-9,511

-42,025

129,407

-21,605

Effect of foreign exchange rate changes on cash

-1,403

-1,205

420

107

154

-491

-298

-393

-28

83

988

623

26

-683

-985

-253

4,642

-2,410

-4,988

1,155

-6,486

-3,576

1,270

1,805

-2,437

-3,355

-505

-3,105

-802

-1,439

1,611

1,755

106

1,442

-4,225

235

989

922

-1,729

1,849

-478

Net increase (decrease) in cash, cash equivalents and restricted cash

1,512

856

-758

348

10,890

-10,935

4,235

5,216

-9,164

-9,323

4,424

1,986

-8,737

3,280

-70,357

-27,898

12,055

2,437

4,788

33,454

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