” unless otherwise indicated , the terms “ nustar gp holdings , ” “ we , ” “ our ” and “ us ” are used in this report to refer to nustar gp holdings , llc , to one or more of our consolidated subsidiaries or to all of them taken as a whole . our only cash generating assets are our ownership interests in nustar energy l.p. ( nustar energy ) , a publicly traded delaware limited partnership ( nyse : ns ) . as of december 31 , 2012 , our aggregate ownership interests in nustar energy consisted of the following : the 2 % general partner interest ; 100 % of the incentive distribution rights ( idr ) issued by nustar energy , which entitle us to receive increasing percentages of the cash distributed by nustar energy , currently at the maximum percentage of 23 % ; and 10,351,461 common units of nustar energy representing a 13.0 % limited partner interest . we account for our ownership interest in nustar energy using the equity method . therefore , our financial results reflect a portion of nustar energy 's net income based on our ownership interest . we have no separate operating activities apart from those conducted by nustar energy and therefore generate no revenues from operations . nustar energy is required by its partnership agreement to distribute all of its available cash at the end of each quarter , less reserves established by its general partner , in its sole discretion , to provide for the proper conduct of nustar energy 's business . similarly , we are required by our limited liability company agreement to distribute all of our available cash at the end of each quarter , less reserves established by our board of directors . nustar energy is engaged in the terminalling and storage of petroleum products , the transportation of petroleum products and anhydrous ammonia , and petroleum refining and marketing . nustar energy has terminal and storage facilities in the united states , canada , mexico , the netherlands , including st. eustatius in the caribbean , the united kingdom and turkey . on january 1 , 2013 , nustar energy sold the san antonio refinery and related assets , which included inventory , a terminal in elmendorf , texas and a pipeline connecting the terminal and refinery for approximately $ 115.0 million . nustar energy presented the results of operations for the san antonio refinery and related assets as discontinued operations for the years ended december 31 , 2012 and 2011. on december 13 , 2012 , nustar energy completed its acquisition of the texstar crude oil assets ( as defined below ) , including 100 % of the partnership interest in texstar crude oil pipeline , lp , from texstar midstream services , lp and certain of its affiliates ( collectively , texstar ) for $ 325.4 million ( the texstar asset acquisition ) . the texstar crude oil assets consist of 27 approximately 140 miles of crude oil pipelines and gathering lines , as well as five terminals and storage facilities providing 0.6 million barrels of storage capacity . on september 28 , 2012 , nustar energy sold a 50 % ownership interest ( the asphalt sale ) in nustar asphalt llc ( asphalt jv ) , previously a wholly-owned subsidiary of nustar energy , to an affiliate of lindsay goldberg llc ( lindsay goldberg ) , a private investment firm . asphalt jv owns and operates the asphalt refining assets that were previously wholly owned by nustar energy , including the asphalt refineries located in paulsboro , new jersey and savannah , georgia ( collectively , the asphalt operations ) . lindsay goldberg paid $ 175.0 million for the class a equity interests of asphalt jv , while nustar energy retained the class b equity interests with a fair value of $ 52.0 million . at closing , nustar energy received $ 263.8 million from asphalt jv for inventory related to the asphalt operations . upon closing , nustar energy deconsolidated asphalt jv and started reporting its remaining investment in asphalt jv using the equity method of accounting . in anticipation of the asphalt sale , nustar energy evaluated the goodwill and other long-lived assets associated with the asphalt operations for potential impairment . nustar energy determined the fair value of the asphalt operations reporting unit was less than its carrying value , which resulted in the recognition of a goodwill impairment loss of $ 22.1 million in the second quarter of 2012. in addition , nustar energy recorded an impairment loss of $ 244.3 million in the second quarter of 2012 to write-down the carrying value of long-lived assets related to the asphalt operations , including fixed assets , intangible assets and other long-term assets to their estimated fair value . 28 results of operations as discussed above , we account for our investment in nustar energy using the equity method . as a result , our equity in earnings of nustar energy , our only source of income , directly fluctuates with the amount of nustar energy 's distributions and results of operations . nustar energy 's distributions determine the amount of our incentive distribution earnings , while nustar energy 's results of operations determine the amounts of earnings attributable to our general partner and limited partner interests . story_separator_special_tag please refer to notes 14 and 15 of the notes to consolidated financial statements in item 8 . “ financial statements and supplementary data ” for a more detailed discussion of employee benefit plans and unit-based compensation . nustar energy reimburses us for expenses incurred related to employee benefit plans at cost , and for long-term incentive plan compensation expenses resulting from ns and nsh awards to employees and directors of nustar gp , llc . expenses resulting from nustar gp holdings awards to our non-employee directors are included in “ general and administrative expenses ” on our consolidated statements of comprehensive income ( loss ) . our current liabilities related to the long-term incentive plans and employee benefits are included in “ accrued compensation expense ” and our noncurrent liabilities for employee benefits are included in “ long-term liabilities ” on our consolidated balance sheets . asphalt jv services agreement in conjunction with nustar energy 's asphalt sale , we entered into a services agreement with asphalt jv , effective september 28 , 2012 ( the asphalt jv services agreement ) . the asphalt jv services agreement provides that we will furnish certain administrative and other operating services necessary to conduct the business of asphalt jv . asphalt jv will compensate us for these services through an annual fee totaling $ 10.0 million , subject to adjustment based on the annual merit increase percentage applicable to our employees for the most recently completed contract year . the asphalt jv services agreement will terminate on december 31 , 2017 and will automatically renew for successive two-year terms . asphalt jv may terminate the asphalt jv services agreement at any time , with 180 days prior written notice or reduce the level of service with 45 days prior written notice . asphalt jv employee services agreement in conjunction with nustar energy 's asphalt sale , we entered into an employee services agreement with asphalt jv , effective september 28 , 2012 ( the asphalt jv employee services agreement ) . the asphalt jv employee services agreement provided that certain of our employees would provide employee-services to asphalt jv . in exchange , asphalt jv would reimburse us for the compensation expense of those employees at the same rates that were in effect at the effective date of the asphalt jv 36 employee services agreement , including an annual bonus amount that does not exceed our target bonus plan . the employees covered under the asphalt jv employee services agreement were not entitled to any new unit-based compensation grants from us , and asphalt jv was not responsible for unit-based compensation costs prior to the effective date . the asphalt jv employee services agreement terminated on december 31 , 2012 and effective january 1 , 2013 , those employees became employees of nustar asphalt refining , llc . the following table summarizes information pertaining to related party transactions : replace_table_token_13_th long-term contractual obligations as of december 31 , 2012 , we had no future minimum payments applicable to non-cancellable operating leases and purchase obligations . contingencies as previously discussed , our only cash-generating assets are our indirect ownership interests in nustar energy . nustar energy is subject to certain loss contingencies , the outcome of which could have a material effect on nustar energy 's results of operations and cash flows . please refer to note 11 of the notes to consolidated financial statements in item 8 . “ financial statements and supplementary data ” for a more detailed discussion of contingencies . critical accounting policies the preparation of financial statements in accordance with u.s. generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes . actual results could differ from those estimates . the following summary provides further information about our critical accounting policies that involve critical accounting estimates , and should be read in conjunction with note 2 of the notes to consolidated financial statements in item 8 . “ financial statements and supplementary data ” which summarizes our significant accounting policies . the following accounting policies involve estimates that are considered critical due to the level of sensitivity and judgment involved , as well as the impact on our consolidated financial position and results of operations . we believe that all of our estimates are reasonable . investment in nustar energy we evaluate our investment in nustar energy for impairment if and when there is evidence that we may not be able to recover the carrying amount of our investment or that nustar energy is unable to sustain an earnings capacity that justifies the carrying amount . a loss in the value of our investment that is other than a temporary decline is recognized currently in earnings based on the difference between the estimated current fair value of the investment and our carrying amount . in order to determine fair value , our management must make certain estimates and assumptions regarding nustar energy 's operations , including , among other things , an assessment of market conditions , projected cash flows , interest rates and growth rates that could significantly impact the fair value of our investment . due to the significant subjectivity of the assumptions used to determine fair value , changes in market conditions and or changes in assumptions could result in significant impairment charges in the future , thus affecting our earnings . we believe that the carrying amount of our investment in nustar energy , as of december 31 , 2012 , is recoverable . unit-based compensation we account for awards of ns unit options , performance awards and restricted units to employees and directors of nustar gp , llc at fair value , whereby a liability for the award is initially recorded and subsequent changes in the fair value are included in the determination of net income . the fair value of ns unit options is determined using the black-scholes

cash distributions from nustar energy nustar energy pays quarterly distributions within 45 days following the end of each quarter based on the partnership interests outstanding as of a record date that is set after the end of each quarter . the table set forth below shows the cash distributions earned for the periods shown with respect to our ownership interests in nustar energy and idr : replace_table_token_11_th cash flows for the years ended december 31 , 2012 , 2011 and 2010 cash distributions received from nustar energy were $ 92.6 million for the year ended december 31 , 2012 , which we used primarily to fund distributions to our unitholders totaling $ 88.3 million . we borrowed $ 21.0 million from our revolving credit facility for the year ended december 31 , 2012 , mainly to fund our $ 7.1 million in contributions to nustar energy in order to maintain our 2 % general partner interest following its issuance of common units in september 2012. additionally , we repaid $ 17.5 million under the revolving credit facility . cash distributions received from nustar energy were $ 86.1 million for the year ended december 31 , 2011 , which we used primarily to fund distributions to our unitholders totaling $ 83.0 million .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```cash distributions from nustar energy nustar energy pays quarterly distributions within 45 days following the end of each quarter based on the partnership interests outstanding as of a record date that is set after the end of each quarter . the table set forth below shows the cash distributions earned for the periods shown with respect to our ownership interests in nustar energy and idr : replace_table_token_11_th cash flows for the years ended december 31 , 2012 , 2011 and 2010 cash distributions received from nustar energy were $ 92.6 million for the year ended december 31 , 2012 , which we used primarily to fund distributions to our unitholders totaling $ 88.3 million . we borrowed $ 21.0 million from our revolving credit facility for the year ended december 31 , 2012 , mainly to fund our $ 7.1 million in contributions to nustar energy in order to maintain our 2 % general partner interest following its issuance of common units in september 2012. additionally , we repaid $ 17.5 million under the revolving credit facility . cash distributions received from nustar energy were $ 86.1 million for the year ended december 31 , 2011 , which we used primarily to fund distributions to our unitholders totaling $ 83.0 million .
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 Suspicious Activity Report : ” unless otherwise indicated , the terms “ nustar gp holdings , ” “ we , ” “ our ” and “ us ” are used in this report to refer to nustar gp holdings , llc , to one or more of our consolidated subsidiaries or to all of them taken as a whole . our only cash generating assets are our ownership interests in nustar energy l.p. ( nustar energy ) , a publicly traded delaware limited partnership ( nyse : ns ) . as of december 31 , 2012 , our aggregate ownership interests in nustar energy consisted of the following : the 2 % general partner interest ; 100 % of the incentive distribution rights ( idr ) issued by nustar energy , which entitle us to receive increasing percentages of the cash distributed by nustar energy , currently at the maximum percentage of 23 % ; and 10,351,461 common units of nustar energy representing a 13.0 % limited partner interest . we account for our ownership interest in nustar energy using the equity method . therefore , our financial results reflect a portion of nustar energy 's net income based on our ownership interest . we have no separate operating activities apart from those conducted by nustar energy and therefore generate no revenues from operations . nustar energy is required by its partnership agreement to distribute all of its available cash at the end of each quarter , less reserves established by its general partner , in its sole discretion , to provide for the proper conduct of nustar energy 's business . similarly , we are required by our limited liability company agreement to distribute all of our available cash at the end of each quarter , less reserves established by our board of directors . nustar energy is engaged in the terminalling and storage of petroleum products , the transportation of petroleum products and anhydrous ammonia , and petroleum refining and marketing . nustar energy has terminal and storage facilities in the united states , canada , mexico , the netherlands , including st. eustatius in the caribbean , the united kingdom and turkey . on january 1 , 2013 , nustar energy sold the san antonio refinery and related assets , which included inventory , a terminal in elmendorf , texas and a pipeline connecting the terminal and refinery for approximately $ 115.0 million . nustar energy presented the results of operations for the san antonio refinery and related assets as discontinued operations for the years ended december 31 , 2012 and 2011. on december 13 , 2012 , nustar energy completed its acquisition of the texstar crude oil assets ( as defined below ) , including 100 % of the partnership interest in texstar crude oil pipeline , lp , from texstar midstream services , lp and certain of its affiliates ( collectively , texstar ) for $ 325.4 million ( the texstar asset acquisition ) . the texstar crude oil assets consist of 27 approximately 140 miles of crude oil pipelines and gathering lines , as well as five terminals and storage facilities providing 0.6 million barrels of storage capacity . on september 28 , 2012 , nustar energy sold a 50 % ownership interest ( the asphalt sale ) in nustar asphalt llc ( asphalt jv ) , previously a wholly-owned subsidiary of nustar energy , to an affiliate of lindsay goldberg llc ( lindsay goldberg ) , a private investment firm . asphalt jv owns and operates the asphalt refining assets that were previously wholly owned by nustar energy , including the asphalt refineries located in paulsboro , new jersey and savannah , georgia ( collectively , the asphalt operations ) . lindsay goldberg paid $ 175.0 million for the class a equity interests of asphalt jv , while nustar energy retained the class b equity interests with a fair value of $ 52.0 million . at closing , nustar energy received $ 263.8 million from asphalt jv for inventory related to the asphalt operations . upon closing , nustar energy deconsolidated asphalt jv and started reporting its remaining investment in asphalt jv using the equity method of accounting . in anticipation of the asphalt sale , nustar energy evaluated the goodwill and other long-lived assets associated with the asphalt operations for potential impairment . nustar energy determined the fair value of the asphalt operations reporting unit was less than its carrying value , which resulted in the recognition of a goodwill impairment loss of $ 22.1 million in the second quarter of 2012. in addition , nustar energy recorded an impairment loss of $ 244.3 million in the second quarter of 2012 to write-down the carrying value of long-lived assets related to the asphalt operations , including fixed assets , intangible assets and other long-term assets to their estimated fair value . 28 results of operations as discussed above , we account for our investment in nustar energy using the equity method . as a result , our equity in earnings of nustar energy , our only source of income , directly fluctuates with the amount of nustar energy 's distributions and results of operations . nustar energy 's distributions determine the amount of our incentive distribution earnings , while nustar energy 's results of operations determine the amounts of earnings attributable to our general partner and limited partner interests . story_separator_special_tag please refer to notes 14 and 15 of the notes to consolidated financial statements in item 8 . “ financial statements and supplementary data ” for a more detailed discussion of employee benefit plans and unit-based compensation . nustar energy reimburses us for expenses incurred related to employee benefit plans at cost , and for long-term incentive plan compensation expenses resulting from ns and nsh awards to employees and directors of nustar gp , llc . expenses resulting from nustar gp holdings awards to our non-employee directors are included in “ general and administrative expenses ” on our consolidated statements of comprehensive income ( loss ) . our current liabilities related to the long-term incentive plans and employee benefits are included in “ accrued compensation expense ” and our noncurrent liabilities for employee benefits are included in “ long-term liabilities ” on our consolidated balance sheets . asphalt jv services agreement in conjunction with nustar energy 's asphalt sale , we entered into a services agreement with asphalt jv , effective september 28 , 2012 ( the asphalt jv services agreement ) . the asphalt jv services agreement provides that we will furnish certain administrative and other operating services necessary to conduct the business of asphalt jv . asphalt jv will compensate us for these services through an annual fee totaling $ 10.0 million , subject to adjustment based on the annual merit increase percentage applicable to our employees for the most recently completed contract year . the asphalt jv services agreement will terminate on december 31 , 2017 and will automatically renew for successive two-year terms . asphalt jv may terminate the asphalt jv services agreement at any time , with 180 days prior written notice or reduce the level of service with 45 days prior written notice . asphalt jv employee services agreement in conjunction with nustar energy 's asphalt sale , we entered into an employee services agreement with asphalt jv , effective september 28 , 2012 ( the asphalt jv employee services agreement ) . the asphalt jv employee services agreement provided that certain of our employees would provide employee-services to asphalt jv . in exchange , asphalt jv would reimburse us for the compensation expense of those employees at the same rates that were in effect at the effective date of the asphalt jv 36 employee services agreement , including an annual bonus amount that does not exceed our target bonus plan . the employees covered under the asphalt jv employee services agreement were not entitled to any new unit-based compensation grants from us , and asphalt jv was not responsible for unit-based compensation costs prior to the effective date . the asphalt jv employee services agreement terminated on december 31 , 2012 and effective january 1 , 2013 , those employees became employees of nustar asphalt refining , llc . the following table summarizes information pertaining to related party transactions : replace_table_token_13_th long-term contractual obligations as of december 31 , 2012 , we had no future minimum payments applicable to non-cancellable operating leases and purchase obligations . contingencies as previously discussed , our only cash-generating assets are our indirect ownership interests in nustar energy . nustar energy is subject to certain loss contingencies , the outcome of which could have a material effect on nustar energy 's results of operations and cash flows . please refer to note 11 of the notes to consolidated financial statements in item 8 . “ financial statements and supplementary data ” for a more detailed discussion of contingencies . critical accounting policies the preparation of financial statements in accordance with u.s. generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes . actual results could differ from those estimates . the following summary provides further information about our critical accounting policies that involve critical accounting estimates , and should be read in conjunction with note 2 of the notes to consolidated financial statements in item 8 . “ financial statements and supplementary data ” which summarizes our significant accounting policies . the following accounting policies involve estimates that are considered critical due to the level of sensitivity and judgment involved , as well as the impact on our consolidated financial position and results of operations . we believe that all of our estimates are reasonable . investment in nustar energy we evaluate our investment in nustar energy for impairment if and when there is evidence that we may not be able to recover the carrying amount of our investment or that nustar energy is unable to sustain an earnings capacity that justifies the carrying amount . a loss in the value of our investment that is other than a temporary decline is recognized currently in earnings based on the difference between the estimated current fair value of the investment and our carrying amount . in order to determine fair value , our management must make certain estimates and assumptions regarding nustar energy 's operations , including , among other things , an assessment of market conditions , projected cash flows , interest rates and growth rates that could significantly impact the fair value of our investment . due to the significant subjectivity of the assumptions used to determine fair value , changes in market conditions and or changes in assumptions could result in significant impairment charges in the future , thus affecting our earnings . we believe that the carrying amount of our investment in nustar energy , as of december 31 , 2012 , is recoverable . unit-based compensation we account for awards of ns unit options , performance awards and restricted units to employees and directors of nustar gp , llc at fair value , whereby a liability for the award is initially recorded and subsequent changes in the fair value are included in the determination of net income . the fair value of ns unit options is determined using the black-scholes

