XML 42 R31.htm IDEA: XBRL DOCUMENT v3.19.2
Equity Investees (Tables)
6 Months Ended
Jun. 30, 2019
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of Consolidated Financial Statements Related to Equity Investees
The following table presents information included in our Unaudited Condensed Consolidated Financial Statements related to our equity investees.
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
2019
 
2018
 
2019
 
2018
Genesis’ share of operating earnings
$
18,918

 
$
12,266

 
$
35,788

 
$
26,780

Amortization of excess purchase price
$
(3,872
)
 
(3,942
)
 
(7,745
)
 
(7,884
)
Net equity in earnings
$
15,046

 
$
8,324

 
$
28,043

 
$
18,896

Distributions received
$
20,721

 
$
18,361

 
$
38,546

 
$
37,990


Schedule of Balance Sheet Information for Equity Investees
The following tables present the unaudited balance sheet and income statement information (on a 100% basis) for Poseidon (which is our most significant equity investment):
 
June 30,
2019
 
December 31,
2018
BALANCE SHEET DATA:
 
 
 
Assets
 
 
 
Current assets
$
17,230

 
$
18,911

Fixed assets, net
194,398

 
202,116

Other assets
2,310

 
886

Total assets
$
213,938

 
$
221,913

Liabilities and equity
 
 
 
Current liabilities
$
16,611

 
$
15,909

Other liabilities
237,158

 
242,881

Equity
(39,831
)
 
(36,877
)
Total liabilities and equity
$
213,938

 
$
221,913



Schedule of Operations for Equity Investees
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
2019
 
2018
 
2019
 
2018
INCOME STATEMENT DATA:
 
 
 
 
 
 
 
Revenues
$
34,387

 
$
27,250

 
$
65,439

 
$
56,194

Operating income
$
25,655

 
$
19,325

 
$
47,960

 
$
39,672

Net income
$
23,295

 
$
17,432

 
$
43,145

 
$
36,010