NuStar Energy Investor Conference Presentation Deck
APPENDIX: RECONCILATION OF NON-GAAP
FINANCIAL INFORMATION (CONTINUED)
The following is a reconciliation of (loss) income from continuing operations to EBITDA from continuing operations and adjusted EBITDA from
continuing operations (in thousands of dollars):
(Loss) income from continuing operations
Interest expense, net
Income tax expense
Depreciation and amortization expense
EBITDA from continuing operations
Goodwill impairment loss (a)
Loss on sale (b)
Loss on extinguishment of debt (c)
Other
Adjusted EBITDA from continuing operations
NuStar
$
Responsibly Resilient
$
Year Ended December 31,
2020
2019
(a) Represents a non-cash goodwill impairment charge related to our crude oil pipelines reporting unit.
(b) Represents the loss on the sale of the Texas City terminals in December 2020.
(c) This adjustment mainly represents a loss associated with the repayment of $500.0 million outstanding on our unsecured term loan credit
agreement in the third quarter of 2020.
(198,983) $
229,054
2,663
285,101
317,835
225,000
34,697
141,746
3,963
723,241 $
206,834
183,070
4,754
272,924
667,582
667,582
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