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Equity Method Investments
6 Months Ended
Jun. 30, 2017
Equity Method Investments and Joint Ventures [Abstract]  
Equity Method Investments
Equity Method Investments

Equity investments in affiliates comprise the following as of the dates indicated:
 
 
June 30, 2017
 
December 31, 2016
 
 
Ownership
 
Investment Amount
 
Ownership
 
Investment Amount
Bengal
 
50.0%
 
$
77.7

 
50.0%
 
$
76.1

Odyssey 
 
49.0%
 
3.0

 
49.0%
 
3.0

Mars
 
48.6%
 
129.4

 
48.6%
 
130.2

Poseidon
 
36.0%
 
7.1

 
36.0%
 
13.2

Proteus
 
10.0%
 
17.9

 
10.0%
 
19.1

Endymion
 
10.0%
 
20.0

 
10.0%
 
20.8

 
 
 
 
$
255.1

 
 
 
$
262.4

 

Unamortized differences in the basis of the initial investments and our interest in the separate net assets within the financial statements of the investees are amortized into net income over the remaining useful lives of the underlying assets. As of June 30, 2017 and December 31, 2016, the unamortized basis differences included in our equity investments are $29.1 million and $30.9 million, respectively. For the three and six months ended June 30, 2017, the net amortization expense was $0.7 million and $1.4 million, respectively. For the three and six months ended June 30, 2016, the net amortization expense was $0.3 million and $0.8 million, respectively.


Our equity investments in affiliates balance was affected by the following during the periods indicated:
 
 
Three Months Ended June 30, 2017
 
For the Six Months Ended June 30, 2017
 
 
Distributions Received
 
Income from Equity Investments
 
Purchase Price Adjustment
 
Distributions received
 
Income from Equity investments
 
Purchase Price Adjustment
Bengal
 
$
4.6

 
$
5.4

 
$

 
$
9.3

 
$
10.7

 
$

Odyssey 
 
4.5

 
4.4

 

 
8.7

 
8.7

 

Mars
 
19.0

 
20.2

 

 
42.3

 
41.7

 

Poseidon
 
9.2

 
6.4

 

 
19.3

 
13.2

 

Proteus
 
0.8

 
0.4

 

 
1.7

 
0.8

 
0.3

Endymion
 
0.8

 
0.4

 

 
1.5

 
0.8

 
0.1

 
 
$
38.9

 
$
37.2

 

 
$
82.8

 
$
75.9

 
$
0.4

 



 
 
Three Months Ended June 30, 2016
Six Months Ended June 30, 2016
 
 
Distributions Received
 
Income from Equity Investments
 
Distributions Received
 
Income from Equity Investments
Bengal
 
$
7.1

 
$
5.3

 
$
13.4

 
$
10.7

Mars
 
13.1

 
12.2

 
23.0

 
23.1

Poseidon
 
11.3

 
8.1

 
21.4

 
15.0

 
 
$
31.5

 
$
25.6

 
$
57.8

 
$
48.8





The following tables present aggregated selected unaudited income statement data for our equity method investments (on a 100% basis):
 
 
Three Months Ended June 30, 2017
 
 
Total Revenues
 
Total Operating Expenses
 
Operating Income
 
Net Income
Statements of Income
 
 
 
 
 
 
 
 
Bengal
 
$
18.1

 
$
7.1

 
$
11.0

 
$
10.9

Odyssey
 
9.9

 
1.0

 
8.9

 
8.9

Mars
 
66.4

 
24.3

 
42.1

 
42.1

Poseidon
 
28.5

 
8.5

 
20.0

 
18.6

Proteus
 
7.3

 
3.0

 
4.3

 
4.0

Endymion
 
8.5

 
3.2

 
5.3

 
4.8


 
 
Six Months Ended June 30, 2017
 
 
Total Revenues
 
Total Operating Expenses
 
Operating Income
 
Net Income
Statements of Income
 
 
 
 
 
 
 
 
Bengal
 
$
35.9

 
$
14.3

 
$
21.6

 
$
21.5

Odyssey
 
19.7

 
2.0

 
17.7

 
17.7

Mars
 
131.3

 
44.2

 
87.1

 
87.1

Poseidon
 
57.4

 
16.6

 
40.8

 
38.0

Proteus
 
15.2

 
6.1

 
9.1

 
8.5

Endymion
 
17.1

 
6.3

 
10.8

 
10.0

 
 
Three Months Ended June 30, 2016
 
 
Total Revenues
 
Total Operating Expenses
 
Operating Income
 
Net Income
Statements of Income
 
 
 
 
 
 
 
 
Bengal
 
$
17.6

 
$
7.1

 
$
10.5

 
$
10.4

Mars
 
64.2

 
20.5

 
43.7

 
43.7

Poseidon
 
32.0

 
7.7

 
24.3

 
23.0

 
 
Six Months Ended June 30, 2016
 
 
Total Revenues
 
Total Operating Expenses
 
Operating Income
 
Net Income
Statements of Income
 
 
 
 
 
 
 
 
Bengal
 
$
35.0

 
$
13.5

 
$
21.5

 
$
21.4

Mars
 
121.5

 
39.0

 
82.5

 
82.5

Poseidon
 
59.4

 
14.3

 
45.1

 
42.7



The difference between operating income and net income represents interest expense or interest income.