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Equity Investments (Tables)
12 Months Ended
Dec. 31, 2022
Equity Method Investments and Joint Ventures [Abstract]  
Equity Investments Table
The following tables present the financial statement impact of the Partnership’s equity investments for the years ended December 31, 2021 and 2022:

thousandsBalance at December 31, 2020
Other-than-temporary
impairment
expense (1)
Equity
income, net
ContributionsDistributions
Distributions
in excess of
cumulative
earnings (2)
Balance at December 31, 2021
White Cliffs$45,623 $— $780 $— $(199)$(5,451)$40,753 
Rendezvous28,198 — (2,155)— (1,103)(2,865)22,075 
Mont Belvieu JV98,874 — 33,991 — (33,944)(2,193)96,728 
TEG16,661 — 4,508 — (4,533)(520)16,116 
TEP195,189 — 36,547 — (36,797)(6,014)188,925 
FRP199,881 — 38,280 750 (38,275)(4,004)196,632 
Whitethorn LLC156,729 — 4,969 349 (6,428)(5,929)149,690 
Cactus II173,921 — 18,237 3,336 (18,404)(5,796)171,294 
Saddlehorn111,717 — 30,878 — (31,403)(751)110,441 
Panola20,867 — 2,188 — (2,188)(823)20,044 
Mi Vida55,031 — 10,491 — (10,596)(3,163)51,763 
Ranch Westex18,898 (11,805)12,407 — (15,657)(2,864)979 
Red Bluff Express103,224 — 13,524 — (13,989)(1,012)101,747 
Total$1,224,813 $(11,805)$204,645 $4,435 $(213,516)$(41,385)$1,167,187 
_________________________________________________________________________________________
(1)Recorded in Long-lived asset and other 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.

thousandsBalance at December 31, 2021
Other-than-temporary
impairment
expense (1)
Equity
income, net
ContributionsDistributions
Distributions
in excess of
cumulative
earnings (2)
Acquisitions and DivestituresBalance at December 31, 2022
White Cliffs$40,753 $(19,883)$(1,086)$ $(32)$(3,657)$ $16,095 
Rendezvous22,075  (2,582) (677)(2,702) 16,114 
Mont Belvieu JV96,728  29,475  (29,599)(5,294) 91,310 
TEG16,116  6,384 75 (6,407)(312) 15,856 
TEP188,925  44,650  (44,902)(3,986) 184,687 
FRP196,632  45,841 455 (46,193)(4,019) 192,716 
Whitethorn LLC149,690  (3,417)281 5,223 (5,182) 146,595 
Cactus II171,294  11,696  (11,835)(18,085)(153,070) 
Saddlehorn110,441  21,491  (21,034)(6,707) 104,191 
Panola20,044  2,343  (2,212)(864) 19,311 
Mi Vida51,763  11,316  (11,113)(3,104) 48,862 
Ranch Westex979  3,392  (3,392)(8,376)7,397  
Red Bluff Express101,747  13,980 8,821 (13,980)(1,609) 108,959 
Total$1,167,187 $(19,883)$183,483 $9,632 $(186,153)$(63,897)$(145,673)$944,696 
_________________________________________________________________________________________
(1)Recorded in Long-lived asset and other 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.
Summarized Equity Investments Financial Information Presented at 100 Percent Tables
The following tables present the summarized combined financial information for equity investments (amounts represent 100% of investee financial information):
Year Ended December 31,
thousands202220212020
Revenues$1,922,733 $1,808,791 $1,635,132 
Operating income661,779 946,299 1,045,889 
Net income661,916 945,801 1,045,076 
December 31,
thousands20222021
Current assets$293,539 $398,696 
Property, plant, and equipment, net4,278,398 5,442,565 
Other assets52,163 182,323 
Total assets$4,624,100 $6,023,584 
Current liabilities$123,897 $157,099 
Non-current liabilities17,660 24,713 
Equity4,482,543 5,841,772 
Total liabilities and equity$4,624,100 $6,023,584