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  "documentTitle": "NuStar Energy | Investor Conference Presentation Deck | 36 slides",
  "authorId": "nustar-energy",
  "authorName": "NuStar Energy",
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  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2021-12-01 00:00:00",
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  "pageNumber": 35,
  "pageCount": 36,
  "prevPage": 34,
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  "slideType": "revenue_buildup",
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  "density": "overcrowded",
  "nDataPoints": 28,
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      "text": "(a) We intend to satisfy the vestings of these equity-based awards with the issuance of our common units. As such, the expenses related to these awards are considered non-cash and added back to DCF. Certain awards include distribution equivalent rights (DERs). Payments made in connection with DERs are deducted from DCF.",
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      "text": "(b) Adjusted distribution coverage ratio is calculated by dividing adjusted DCF by distributions applicable to common limited partners.",
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      "kind": "subtitle",
      "text": "The following is a reconciliation of net income to EBITDA, adjusted EBITDA, adjusted DCF and adjusted distribution coverage ratio (in thousands of dollars, except ratio data):",
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      "text": "Projected for the Year Ended December 31, 2021\nNet income $ 23,000 - 32,000\nInterest expense, net 210,000 - 220,000\nIncome tax expense 2,000 - 5,000\nDepreciation and amortization expense 270,000 - 278,000\nEBITDA 505,000 - 535,000\nAsset impairment losses 155,000\nGoodwill impairment loss 34,000\nGain from insurance recoveries (9,000)\nAdjusted EBITDA 685,000 - 715,000\nInterest expense, net (210,000 - 220,000)\nReliability capital expenditures (35,000 - 45,000)\nIncome tax expense (2,000 - 5,000)\nLong-term incentive equity awards (a) 12,000 - 15,000\nPreferred unit distributions (125,000 - 130,000)\nOther 15,000 - 20,000\nAdjusted DCF $ 340,000 - 350,000\nDistributions applicable to common limited partners $ 175,000 - 178,000\nAdjusted distribution coverage ratio (b) 1.9x - 2.0x",
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      "kind": "title",
      "text": "Reconciliation of Non-GAAP Financial Information (continued)",
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