INVESTMENTS IN UNCONSOLIDATED AFFILIATES (Tables)

6 Months Ended

Jun. 30, 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)
	June 30,		December 31,		June 30,		December 31,
	2020		2019		2020		2019
BOSTCO	42.5	%	42.5	%	$	202,671	$	201,743
Frontera	50	%	50	%		23,581		23,682
Total investments in unconsolidated affiliates					$	226,252	$	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				Six months ended
	June 30,				June 30,
	2020		2019		2020		2019
BOSTCO	$	1,302	$	563	$	2,810	$	1,139
Frontera		548		662		1,193		1,226
Total earnings from investments in unconsolidated affiliates	$	1,850	$	1,225	$	4,003	$	2,365

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

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

	Three months ended				Six months ended
	June 30,				June 30,
	2020		2019		2020		2019
BOSTCO	$	506	$	1,076	$	3,171	$	1,076
Frontera		—		—		—		225
Additional capital investments in unconsolidated affiliates	$	506	$	1,076	$	3,171	$	1,301

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

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

	Three months ended				Six months ended
	June 30,				June 30,
	2020		2019		2020		2019
BOSTCO	$	3,636	$	2,289	$	5,053	$	4,697
Frontera		820		813		1,294		1,317
Cash distributions received from unconsolidated affiliates	$	4,456	$	3,102	$	6,347	$	6,014

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
	June 30,		December 31,		June 30,		December 31,
	2020		2019		2020		2019
Current assets	$	18,188	$	12,478	$	4,078	$	4,870
Long-term assets		459,638		464,085		44,530		44,344
Current liabilities		(10,797)		(13,607)		(1,446)		(1,850)
Long-term liabilities		(5,757)		(6,036)		—		—
Net assets	$	461,272	$	456,920	$	47,162	$	47,364

Statements of income:

	BOSTCO				Frontera
	Three months ended				Three months ended
	June 30,				June 30,
	2020		2019		2020		2019
Revenue	$	15,885	$	14,864	$	4,772	$	5,011
Expenses		(12,585)		(13,229)		(3,676)		(3,687)
Net income	$	3,300	$	1,635	$	1,096	$	1,324

	BOSTCO				Frontera
	Six months ended				Six months ended
	June 30,				June 30,
	2020		2019		2020		2019
Revenue	$	32,321	$	31,470	$	9,808	$	10,109
Expenses		(25,236)		(27,283)		(7,422)		(7,657)
Net income	$	7,085	$	4,187	$	2,386	$	2,452