XML 26 R16.htm IDEA: XBRL DOCUMENT v3.8.0.1
Investment in Unconsolidated Affiliates
3 Months Ended
Mar. 31, 2018
Equity Method Investments and Joint Ventures [Abstract]  
Investment in Unconsolidated Affiliates
(9) Investment in Unconsolidated Affiliates

Our unconsolidated investments consist of a contractual right to the economic benefits and burdens associated with Devon’s 38.75% ownership interest in GCF and an approximate 30% ownership in the Cedar Cove JV.

The following table shows the activity related to our investment in unconsolidated affiliates for the periods indicated (in millions):
 
Three Months Ended
March 31,
 
2018
 
2017
GCF
 
 
 
Distributions
$
5.7

 
$
2.7

Equity in income
$
4.6

 
$
4.0

 
 
 
 
HEP
 
 
 
Equity in loss (1)
$

 
$
(3.4
)
 
 
 
 
Cedar Cove JV
 
 
 
Contributions
$

 
$
6.0

Distributions
$
0.3

 
$
0.2

Equity in income (loss)
$
(1.6
)
 
$
0.1

 
 
 
 
Total
 
 
 
Contributions
$

 
$
6.0

Distributions
$
6.0

 
$
2.9

Equity in income (1)
$
3.0

 
$
0.7

(1)
We finalized the sale of our ownership interest in HEP during the first quarter of 2017, resulting in a loss of $3.4 million for the three months ended March 31, 2017.

The following table shows the balances related to our investment in unconsolidated affiliates as of March 31, 2018 and December 31, 2017 (in millions):
 
March 31, 2018
 
December 31, 2017
GCF
$
47.3

 
$
48.4

Cedar Cove JV
39.1

 
41.0

Total investment in unconsolidated affiliates
$
86.4

 
$
89.4