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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash Flows from Operating Activities:    
Net income $ 31,749 $ 42,332
Adjustments to reconcile net income to net cash provided by operating activities:    
Equity in earnings of NuStar Energy L.P. (33,295) (44,090)
Distributions of equity in earnings from NuStar Energy L.P. 33,295 44,090
Gain on sale of NuStar Energy L.P. limited partner units in connection with unit-based compensation (613) (539)
Unit-based compensation expense 287 112
Amortization of deferred debt costs 84 72
Benefit for deferred income tax (29) (3)
Changes in current assets and liabilities (Note 6) (4,413) (1,637)
Increase in long-term receivable from related party (898) (3,904)
Increase in long-term liabilities 1,183 3,905
Net cash provided by operating activities 27,350 40,338
Cash Flows from Investing Activities:    
Distributions in excess of equity in earnings from NuStar Energy L.P. 14,608 3,868
Investment in NuStar Energy L.P. (161) (1,823)
Proceeds from sale of NuStar Energy L.P. units in connection with unit-based compensation 1,319 1,886
Net cash provided by investing activities 15,766 3,931
Cash Flows from Financing Activities:    
Proceeds from short-term debt borrowings 4,000 0
Distributions to unitholders (46,794) (46,791)
Other, net (41) 15
Net cash used in financing activities (42,835) (46,776)
Net increase (decrease) in cash and cash equivalents 281 (2,507)
Cash and cash equivalents as of the beginning of the period 34 2,840
Cash and cash equivalents as of the end of the period $ 315 $ 333