NuStar Energy Investor Conference Presentation Deck
NuStar
Reconciliation of Non-GAAP Financial
Information (continued)
The following is the reconciliation for the calculation of our Consolidated Debt Coverage Ratio, as defined in our revolving credit agreement (the Revolving Credit Agreement)
(in thousands of dollars, except ratio data):
Operating income
Depreciation and amortization expense
Equity awards (a)
Other (b)
Consolidated EBITDA, as defined in the Revolving Credit Agreement
Total consolidated debt
NuStar Logistics' floating rate subordinated notes
Consolidated Debt, as defined in the Revolving Credit Agreement
Consolidated Debt Coverage Ratio (Consolidated Debt to Consolidated EBITDA)
$
$
EA
$
$
For the Four Quarters Ended
June 30, 2021
423,354
284,811
13,438
244
721,847
3,483,840 $
(402,500)
3,081,340 $
4.27x
$
(a) This adjustment represents the non-cash expense related to the vestings of equity-based awards with the issuance of our common units.
(b) This adjustment represents other noncash and pro forma items, as defined in the Revolving Credit Agreement.
Projected for the
Year Ended
December 31, 2021
400,000 - 420,000
270,000 -278,000
10,000 15,000
(5,000) - 5,000
675,000 - 718,000
3,100,000 3,300,000
(402,500)
2,697,500 2,897,500
4.0x
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