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)
Pro forma effect of disposition (b)
Other
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)
For the Four Quarters Ended March 31, 2021
400,450
285,319
12,763
(6,784)
(1,106)
690,642
$
$
(a) Represents the non-cash expense related to the vestings of equity-based awards with the issuance of our common units.
(b) Represents the pro forma effect of the disposition of the Texas City terminals, as if we had completed the sale on April 1, 2020.
3,433,940
(402,500)
3,031,440
4.39x
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