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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)
 
Acquisitions
 
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

Saddlehorn
 
107,420

 
—

 
—

 
10,001

 
2,454

 
(10,127
)
 
(521
)
 
109,227

Panola
 
24,546

 
—

 
—

 
2,230

 
46

 
(2,470
)
 
(727
)
 
23,625

Mi Vida
 
67,738

 
—

 
—

 
10,029

 
—

 
(9,161
)
 
(3,618
)
 
64,988

Ranch Westex
 
34,777

 
—

 
22,500

 
7,687

 
—

 
(7,955
)
 
(3,708
)
 
53,301

Total
 
$
828,689

 
$
(3,110
)
 
$
22,500

 
$
115,141

 
$
2,884

 
$
(117,093
)
 
$
(31,659
)
 
$
817,352

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

Saddlehorn
 
109,227

 
—

 
15,833

 
294

 
(16,017
)
 
(830
)
 
108,507

Panola
 
23,625

 
—

 
2,200

 
—

 
(2,200
)
 
(856
)
 
22,769

Mi Vida
 
64,988

 
—

 
13,734

 
—

 
(14,000
)
 
(91
)
 
64,631

Ranch Westex
 
53,301

 
—

 
10,678

 
—

 
(10,876
)
 
(2,201
)
 
50,902

Whitethorn
 
—

 
150,563

 
47,088

 
7,069

 
(39,497
)
 
(3,365
)
 
161,858

Cactus II
 
—

 
12,052

 
—

 
94,308

 
—

 
—

 
106,360

Total
 
$
817,352

 
$
162,615

 
$
195,469

 
$
133,629

 
$
(187,392
)
 
$
(29,585
)
 
$
1,092,088

                                                                                                                                                                                   
(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
 
$
1,300,921

 
$
877,020

 
$
806,671

Operating income
 
876,910

 
542,390

 
503,239

Net income
 
874,587

 
540,538

 
502,260


 
 
December 31,
thousands
 
2018
 
2017
Current assets
 
$
297,143

 
$
214,473

Property, plant and equipment, net
 
4,251,020

 
3,366,754

Other assets
 
81,769

 
84,522

Total assets
 
$
4,629,932

 
$
3,665,749

Current liabilities
 
101,729

 
112,143

Non-current liabilities
 
42,431

 
45,413

Equity
 
4,485,772

 
3,508,193

Total liabilities and equity
 
$
4,629,932

 
$
3,665,749