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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash Flows from Operating Activities:      
Net income $ 55,068 $ 72,208 $ 61,427
Adjustments to reconcile net income to net cash provided by operating activities:      
Equity in earnings of NuStar Energy L.P. (56,096) (79,673) (65,380)
Distributions of equity in earnings from NuStar Energy L.P. 56,096 79,673 65,380
Gain related to NuStar Energy L.P.’s issuance of common limited partner units (2,408) 0 0
(Gain) loss on sale of NuStar Energy L.P. common limited partner units in connection with unit-based compensation (613) 2,333 1,458
Unit-based compensation expense 661 239 129
Amortization of deferred debt costs 169 155 161
(Benefit) expense for deferred income tax (75) 952 (621)
Changes in current assets and liabilities (Note 9) (3,336) 296 (2,270)
(Increase) decrease in long-term receivable from related party (898) 363 (1,527)
Increase (decrease) in long-term liabilities 1,183 (647) 36
Net cash provided by operating activities 49,751 75,899 58,793
Cash Flows from Investing Activities:      
Distributions in excess of equity in earnings from NuStar Energy L.P. 39,809 16,357 30,632
Investment in NuStar Energy L.P. (842) (7,444) (19,340)
Proceeds from sale of NuStar Energy L.P. common units in connection with unit-based compensation 1,319 5,935 17,059
Net cash provided by investing activities 40,286 14,848 28,351
Cash Flows from Financing Activities:      
Proceeds from short-term debt borrowings 4,000 0 26,000
Repayment of short-term debt 0 0 (26,000)
Distributions to unitholders (93,590) (93,567) (93,098)
Proceeds from the exercise of unit options 0 0 7,206
Other, net (274) 14 (15)
Net cash used in financing activities (89,864) (93,553) (85,907)
Net increase (decrease) in cash and cash equivalents 173 (2,806) 1,237
Cash and cash equivalents as of the beginning of the period 34 2,840 1,603
Cash and cash equivalents as of the end of the period $ 207 $ 34 $ 2,840