INVESTMENTS IN UNCONSOLIDATED AFFILIATES (Tables)

3 Months Ended

Mar. 31, 2020

INVESTMENTS IN UNCONSOLIDATED AFFILIATES

Summary of investments in unconsolidated affiliates

The following table summarizes our investments in unconsolidated affiliates:

	Percentage of				Carrying value
	ownership				(in thousands)
	March 31,		December 31,		March 31,		December 31,
	2020		2019		2020		2019
BOSTCO	42.5	%	42.5	%	$	204,499	$	201,743
Frontera	50	%	50	%		23,853		23,682
Total investments in unconsolidated affiliates					$	228,352	$	225,425

Schedule of earnings from investments in unconsolidated affiliates (in thousands)

Earnings from investments in unconsolidated affiliates was as follows (in thousands):

	Three months ended
	March 31,
	2020		2019
BOSTCO	$	1,508	$	576
Frontera		645		564
Total earnings from investments in unconsolidated affiliates	$	2,153	$	1,140

Schedule of additional capital investments in unconsolidated affiliates (in thousands)

Additional capital investments in unconsolidated affiliates was as follows (in thousands):

	Three months ended
	March 31,
	2020		2019
BOSTCO	$	2,665	$	—
Frontera		—		225
Additional capital investments in unconsolidated affiliates	$	2,665	$	225

Schedule of cash distributions received from unconsolidated affiliates (in thousands)

Cash distributions received from unconsolidated affiliates was as follows (in thousands):

	Three months ended
	March 31,
	2020		2019
BOSTCO	$	1,417	$	2,408
Frontera		474		505
Cash distributions received from unconsolidated affiliates	$	1,891	$	2,913

Summary of financial information of unconsolidated affiliates (in thousands)

The summarized financial information of our unconsolidated affiliates was as follows (in thousands):

Balance sheets:

	BOSTCO				Frontera
	March 31,		December 31,		March 31,		December 31,
	2020		2019		2020		2019
Current assets	$	12,882	$	12,478	$	5,892	$	4,870
Long-term assets		461,346		464,085		43,856		44,344
Current liabilities		(8,955)		(13,607)		(2,042)		(1,850)
Long-term liabilities		(5,897)		(6,036)		—		—
Net assets	$	459,376	$	456,920	$	47,706	$	47,364

Statements of income:

	BOSTCO				Frontera
	Three months ended				Three months ended
	March 31,				March 31,
	2020		2019		2020		2019
Revenue	$	16,436	$	16,605	$	5,036	$	5,097
Expenses		(12,651)		(14,053)		(3,746)		(3,969)
Net income	$	3,785	$	2,552	$	1,290	$	1,128