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Assets Held for Sale and Discontinued Operations (Tables)
 12 Months Ended
Dec. 31, 2018
Assets Held for Sale and Discontinued Operations  
Schedule of condensed statements of income (loss) from discontinued operations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

 

 

 

    

2018

    

2017

    

2016

 

 

 

    

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

 

Operating revenues (1)

 

 

 

$

4,078

 

$

6,169

 

$

2,859

 

Income (loss) from Oil & Gas discontinued operations:

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from discontinued operations

 

 

 

$

(2,766)

 

$

(2,506)

 

$

(3,978)

 

Less: Impairment charges or other (gains) and losses on sale of wholly owned assets (2)

 

 

 

$

17,199

 

$

51,028

 

$

19,445

 

Less: Income tax expense (benefit)

 

 

 

$

(5,302)

 

$

(10,015)

 

$

(5,060)

 

Income (loss) from Oil and Gas discontinued operations, net of tax

 

 

 

$

(14,663)

 

$

(43,519)

 

$

(18,363)

 

(1)

Reflects operating revenues of our historical oil and gas reportable segment.

 

(2)

Includes impairment charges of $17.0 million, $35.3 million and $15.4 million in 2018, 2017 and 2016, respectively, due to the deterioration of economic conditions in the natural gas market in western Canada, partially offset by a gain related to our restructure of our future pipeline obligations. Additionally, this line item includes a charge of $16.5 million related to the settlement of litigation during 2017 associated with our previously owned Ramshorn International properties.