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  "documentTitle": "NuStar Energy | Investor Conference Presentation Deck | 36 slides",
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  "presentationDate": "2022-03-01 00:00:00",
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      "text": "The following is a reconciliation of EBITDA to adjusted EBITDA and adjusted EBITDA, excluding divested assets for the Eastern U.S. terminals, which were sold in October 2021 (in thousands of dollars).",
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      "text": "The following is a reconciliation of net income to EBITDA and adjusted EBITDA (in thousands of dollars):",
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      "text": "Year Ended December 31, 2021\nEBITDA $ 530,478\nAsset impairment losses 154,908\nGoodwill impairment loss 34,060\nGain from insurance recoveries (14,860)\nAdjusted EBITDA $ 704,586\nDivested assets:\nOperating loss $ (121,954)\nDepreciation and amortization expense 14,893\nEBITDA of divested assets (107,061)\nAsset and goodwill impairment losses 129,771\nAdjusted EBITDA of divested assets $ 22,710\nAdjusted EBITDA, excluding divested assets $ 681,876",
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      "text": "Projected for the Year Ended December 31, 2022\nNet income $ 207,000 - 225,000\nInterest expense, net 200,000 - 210,000\nIncome tax expense 3,000 - 5,000\nDepreciation and amortization expense 250,000 - 260,000\nEBITDA 660,000 - 700,000\nNon-cash write-down primarily due to accumulated foreign currency translation losses 40,000 - 50,000\nAdjusted EBITDA $ 700,000 - 750,000",
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      "text": "Reconciliation of Non-GAAP Financial Information (continued)",
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