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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash Flows from Operating Activities:      
Net income $ 86,775 $ 55,068 $ 72,208
Adjustments to reconcile net income to net cash provided by operating activities:      
Equity in earnings of NuStar Energy L.P. (51,556) (56,096) (79,673)
Distributions of equity in earnings from NuStar Energy L.P. 51,556 56,096 79,673
Gain related to NuStar Energy L.P.’s issuance of common limited partner units (41,942) (2,408) 0
(Gain) loss on sale of NuStar Energy L.P. common limited partner units in connection with unit-based compensation 0 (613) 2,333
Unit-based compensation expense 849 661 239
Amortization of deferred debt costs 182 169 155
Expense (benefit) for deferred income tax 1,837 (75) 952
Changes in current assets and liabilities (Note 8) 92 (3,336) 296
(Increase) decrease in long-term receivable from related party 0 (898) 363
Increase (decrease) in long-term liabilities 0 1,183 (647)
Net cash provided by operating activities 47,793 49,751 75,899
Cash Flows from Investing Activities:      
Distributions in excess of equity in earnings from NuStar Energy L.P. 47,754 39,809 16,357
Investment in NuStar Energy L.P. (13,738) (842) (7,444)
Proceeds from sale of NuStar Energy L.P. common units in connection with unit-based compensation 0 1,319 5,935
Net cash provided by investing activities 34,016 40,286 14,848
Cash Flows from Financing Activities:      
Proceeds from short-term debt borrowings 15,500 4,000 0
Repayment of short-term debt (3,000) 0 0
Distributions to unitholders (93,634) (93,590) (93,567)
Other, net (460) (274) 14
Net cash used in financing activities (81,594) (89,864) (93,553)
Net increase (decrease) in cash and cash equivalents 215 173 (2,806)
Cash and cash equivalents as of the beginning of the period 207 34 2,840
Cash and cash equivalents as of the end of the period $ 422 $ 207 $ 34