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Equity Method Investments
9 Months Ended
Sep. 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:
 
 
September 30, 2017
 
December 31, 2016
 
 
Ownership
 
Investment Amount
 
Ownership
 
Investment Amount
Bengal
 
50.0%
 
$
78.2

 
50.0%
 
$
76.1

Odyssey 
 
49.0%
 
3.6

 
49.0%
 
3.0

Mars
 
48.6%
 
129.7

 
48.6%
 
130.2

Poseidon
 
36.0%
 
4.8

 
36.0%
 
13.2

Proteus
 
10.0%
 
17.6

 
10.0%
 
19.1

Endymion
 
10.0%
 
19.9

 
10.0%
 
20.8

 
 
 
 
$
253.8

 
 
 
$
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 September 30, 2017 and December 31, 2016, the unamortized basis differences included in our equity investments are $28.4 million and $30.9 million, respectively. For the three and nine months ended September 30, 2017, the net amortization expense was $0.7 million and $2.1 million, respectively. For the three and nine months ended September 30, 2016, the net amortization expense was $0.3 million and $1.1 million, respectively.


Our equity investments in affiliates balance was affected by the following during the periods indicated:
 
 
Three Months Ended September 30, 2017
 
Nine Months Ended September 30, 2017
 
 
Distributions Received
 
Income from Equity Investments
 
Purchase Price Adjustment
 
Distributions received
 
Income from Equity investments
 
Purchase Price Adjustment
Bengal
 
$
5.5

 
$
6.2

 
$

 
$
14.8

 
$
16.9

 
$

Odyssey 
 
4.4

 
5.0

 

 
13.1

 
13.7

 

Mars
 
21.9

 
22.0

 

 
64.2

 
63.7

 

Poseidon
 
9.6

 
7.3

 

 
28.9

 
20.5

 

Proteus
 
0.6

 
0.3

 

 
2.3

 
1.1

 
0.3

Endymion
 
0.5

 
0.4

 

 
2.0

 
1.2

 
0.1

 
 
$
42.5

 
$
41.2

 

 
$
125.3

 
$
117.1

 
$
0.4

 



 
 
Three Months Ended September 30, 2016
 
Nine Months Ended September 30, 2016
 
 
Distributions Received
 
Income from Equity Investments
 
Distributions Received
 
Income from Equity Investments
Bengal
 
$
2.7

 
$
5.2

 
$
16.1

 
$
15.9

Mars
 
11.5

 
8.6

 
34.5

 
31.7

Poseidon
 
10.5

 
7.6

 
31.9

 
22.6

 
 
$
24.7

 
$
21.4

 
$
82.5

 
$
70.2





The following tables present aggregated selected unaudited income statement data for our equity method investments (on a 100% basis):
 
 
Three Months Ended September 30, 2017
 
 
Total Revenues
 
Total Operating Expenses
 
Operating Income
 
Net Income
Statements of Income
 
 
 
 
 
 
 
 
Bengal
 
$
18.7

 
$
6.8

 
$
11.9

 
$
11.9

Odyssey
 
11.1

 
1.0

 
10.1

 
10.1

Mars
 
66.0

 
19.5

 
46.5

 
46.5

Poseidon
 
30.6

 
8.2

 
22.4

 
20.7

Proteus
 
7.6

 
2.9

 
4.7

 
4.4

Endymion
 
8.2

 
3.3

 
4.9

 
4.9


 
 
Nine Months Ended September 30, 2017
 
 
Total Revenues
 
Total Operating Expenses
 
Operating Income
 
Net Income
Statements of Income
 
 
 
 
 
 
 
 
Bengal
 
$
54.6

 
$
21.1

 
$
33.5

 
$
33.4

Odyssey
 
30.8

 
3.0

 
27.8

 
27.8

Mars
 
197.3

 
63.7

 
133.6

 
133.6

Poseidon
 
88.0

 
24.8

 
63.2

 
58.7

Proteus
 
22.8

 
9.0

 
13.8

 
12.9

Endymion
 
25.3

 
9.6

 
15.7

 
14.9

 
 
Three Months Ended September 30, 2016
 
 
Total Revenues
 
Total Operating Expenses
 
Operating Income
 
Net Income
Statements of Income
 
 
 
 
 
 
 
 
Bengal
 
$
17.3

 
$
7.2

 
$
10.1

 
$
10.3

Mars
 
54.0

 
23.1

 
30.9

 
30.9

Poseidon
 
31.3

 
8.2

 
23.1

 
22.0

 
 
Nine Months Ended September 30, 2016
 
 
Total Revenues
 
Total Operating Expenses
 
Operating Income
 
Net Income
Statements of Income
 
 
 
 
 
 
 
 
Bengal
 
$
52.3

 
$
20.7

 
$
31.6

 
$
31.7

Mars
 
175.5

 
62.1

 
113.4

 
113.4

Poseidon
 
90.7

 
22.5

 
68.2

 
64.7



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