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Equity Investments (Tables)
 12 Months Ended
Dec. 31, 2018
Equity Method Investments and Joint Ventures [Abstract]  
Equity Investments Tables
The following tables present the activity in WES’s equity investments for the years ended December 31, 2018 and 2017:
thousands
 
Balance at December 31, 2016
 
Impairment
expense (1)
 
Equity
income, net
 
Contributions
 
Distributions
 
Distributions in
excess of
cumulative
earnings (2)
 
Balance at December 31, 2017
Fort Union
 
$
12,833

 
$
(3,110
)
 
$
3,821

 
$
—

 
$
(4,217
)
 
$
(2,297
)
 
$
7,030

White Cliffs
 
47,319

 
—

 
12,547

 
277

 
(11,965
)
 
(3,233
)
 
44,945

Rendezvous
 
46,739

 
—

 
1,144

 
—

 
(3,085
)
 
(2,270
)
 
42,528

Mont Belvieu JV
 
112,805

 
—

 
29,444

 
—

 
(29,482
)
 
(2,468
)
 
110,299

TEG
 
15,846

 
—

 
3,350

 
—

 
(3,317
)
 
—

 
15,879

TEP
 
189,194

 
—

 
17,387

 
107

 
(17,639
)
 
(10,074
)
 
178,975

FRP
 
169,472

 
—

 
17,501

 
—

 
(17,675
)
 
(2,743
)
 
166,555

Total
 
$
594,208

 
$
(3,110
)
 
$
85,194

 
$
384

 
$
(87,380
)
 
$
(23,085
)
 
$
566,211

thousands
 
Balance at December 31, 2017
 
Acquisitions
 
Equity
income, net
 
Contributions (3)
 
Distributions
 
Distributions in
excess of
cumulative
earnings (2)
 
Balance at December 31, 2018
Fort Union
 
$
7,030

 
$
—

 
$
(1,433
)
 
$
—

 
$
(194
)
 
$
(3,144
)
 
$
2,259

White Cliffs
 
44,945

 
—

 
11,841

 
1,278

 
(11,259
)
 
(3,785
)
 
43,020

Rendezvous
 
42,528

 
—

 
767

 
—

 
(2,709
)
 
(2,745
)
 
37,841

Mont Belvieu JV
 
110,299

 
—

 
29,200

 
—

 
(29,239
)
 
(5,311
)
 
104,949

TEG
 
15,879

 
—

 
4,290

 
3,720

 
(4,368
)
 
(163
)
 
19,358

TEP
 
178,975

 
—

 
37,963

 
11,980

 
(33,552
)
 
(2,168
)
 
193,198

FRP
 
166,555

 
—

 
23,308

 
14,980

 
(23,481
)
 
(4,926
)
 
176,436

Whitethorn
 
—

 
150,563

 
47,088

 
7,069

 
(39,497
)
 
(3,365
)
 
161,858

Cactus II
 
—

 
12,052

 
—

 
94,308

 
—

 
—

 
106,360

Total
 
$
566,211

 
$
162,615

 
$
153,024

 
$
133,335

 
$
(144,299
)
 
$
(25,607
)
 
$
845,279

                                                                                                                                                                                   
(1) 
Recorded in Impairments in the consolidated statements of operations.
(2) 
Distributions in excess of cumulative earnings, classified as investing cash flows in the consolidated statements of cash flows, are calculated on an individual investment basis.
(3) 
Includes capitalized interest of $1.4 million related to the construction of the Cactus II pipeline.
Summarized Equity Investments Financial Information Presented at 100 Percent Tables
The following tables present the summarized combined financial information for WES’s equity investments (amounts represent 100% of investee financial information):
 
 
Year Ended December 31,
thousands
 
2018
 
2017
 
2016
Revenues
 
$
1,087,125

 
$
703,424

 
$
687,554

Operating income
 
733,802

 
435,735

 
428,454

Net income
 
731,364

 
434,749

 
427,511


 
 
December 31,
thousands
 
2018
 
2017
Current assets
 
$
220,912

 
$
137,957

Property, plant and equipment, net
 
3,426,438

 
2,512,214

Other assets
 
35,411

 
36,373

Total assets
 
$
3,682,761

 
$
2,686,544

Current liabilities
 
80,109

 
80,490

Non-current liabilities
 
12,213

 
7,447

Equity
 
3,590,439

 
2,598,607

Total liabilities and equity
 
$
3,682,761

 
$
2,686,544