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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash Flows from Operating Activities:  
Net income$ 50,606$ 57,156
Adjustments to reconcile net income to net cash provided by operating activities:  
Equity in earnings of NuStar Energy L.P.(53,257)(51,443)
Distributions of equity in earnings from NuStar Energy L.P.53,25751,443
Gain related to NuStar Energy L.P.'s issuance of limited partner units(124)(7,767)
Loss (gain) on sale of NuStar Energy L.P. limited partner units in connection with unit-based compensation681(268)
Benefit for deferred income tax(1,989)(1,799)
Changes in current assets and liabilities (Note 7)(4,650)2,649
Decrease in other assets1,1890
Increase in long-term receivable from NuStar Energy L.P.(1,783)(1,988)
Increase in employee benefit plan liabilities8,8719,969
Other, net1340
Net cash provided by operating activities52,93557,952
Cash Flows from Investing Activities:  
Distributions in excess of equity in earnings from NuStar Energy L.P.10,9239,739
Investment in NuStar Energy L.P.(4,966)(12,530)
Proceeds from sale of NuStar Energy L.P. units in connection with unit-based compensation4,7213,518
Net cash provided by investing activities10,678727
Cash Flows from Financing Activities:  
Proceeds from short-term debt borrowings05,200
Repayment of short-term debt(5,500)0
Distributions to unitholders(61,903)(57,182)
Net cash used in financing activities(67,403)(51,982)
Net (decrease) increase in cash and cash equivalents(3,790)6,697
Cash and cash equivalents at the beginning of the period5,304371
Cash and cash equivalents at the end of the period$ 1,514$ 7,068