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Investment in Unconsolidated Affiliate (Tables)
 12 Months Ended
Dec. 31, 2016
Investment in Unconsolidated Affiliates  
Equity Method Investments

The following table shows the activity related to the Partnership’s investment in unconsolidated affiliates for the periods indicated (in millions):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Gulf Coast

    

Howard Energy

    

Cedar Cove

    

 

 

 

 

Fractionators

 

Partners

 

JV

 

Total

December 31, 2016

 

 

 

 

 

 

 

 

 

 

 

 

Contributions (1)

 

$

 —

 

$
45.0

 

$
28.8

 

$
73.8

Distributions (2)

 

$
7.5

 

$
50.2

 

$

 —

 

$
57.7

Equity in income (3)

 

$
3.4

 

$
(23.3)

 

$

 —

 

$
(19.9)

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2015

 

 

 

 

 

 

 

 

 

 

 

 

Contributions

 

$

 —

 

$
25.8

 

$

 —

 

$
25.8

Distributions

 

$
14.5

 

$
28.2

 

$

 —

 

$
42.7

Equity in income

 

$
13.0

 

$
7.4

 

$

 —

 

$
20.4

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2014 (4)

 

 

 

 

 

 

 

 

 

 

 

 

Contributions

 

$

 —

 

$
5.7

 

$

 —

 

$
5.7

Distributions

 

$
11.0

 

$
12.7

 

$

 —

 

$
23.7

Equity in income

 

$
17.1

 

$
1.8

 

$

 —

 

$
18.9

(1)Contributions for the year ended December 31, 2016 include $32.7 million of contributions to HEP for preferred units through July 2016. These preferred units were redeemed during the third quarter of 2016.

(2)Distributions for the year ended December 31, 2016 include a redemption of $32.7 million of preferred units.

(3)Includes a $20.1 million impairment in our HEP investment to reduce the carrying value of our investment to the sales price that we expect to receive in the first quarter of 2017.

(4)Includes income, distributions and contributions for the period from March 7, 2014 through December 31, 2014.

 

The following table shows the balances related to the Partnership’s investment in unconsolidated affiliates for the periods indicated (in millions):

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 

 

 

2016

    

2015

Gulf Coast Fractionators

 

$
48.5

 

$
52.6

Howard Energy Partners (1)

 

 
193.1

 

 
221.7

Cedar Cove JV

 

 
28.8

 

 

 —

Total investments in unconsolidated affiliates

 

$
270.4

 

$
274.3

Due to the expected completion of the sale of our investment in HEP in the first quarter of 2017, the HEP investment balance is classified as “Investment in unconsolidated affiliates – current” on the consolidated balance sheet as of December 31, 2016.