Investments (Tables)

12 Months Ended

Dec. 31, 2019

Equity Method Investments and Joint Ventures [Abstract]

Summary of Investments

The following table presents our investments at the dates indicated:

(in thousands)	December 31, 2019		December 31, 2018
White Cliffs	$	10,268	$	9,373
Advantage	76,834		72,944
Delaware Crossing	68,707		—
EPIC Y-Grade	165,853		—
EPIC Crude	339,116		—
Total Investments (1)	$	660,778	$	82,317

⁽¹⁾ 

We have capitalized $27.9 million in expenses that are included in the basis of the investments. The capitalized items include acquisition related expense and capitalized interest. As of December 31, 2019, $27.7 million remains unamortized

Investment Income

The following table presents our investment loss (income) for the periods indicated:

	Year Ended December 31,
(in thousands)	2019			2018			2017
White Cliffs	$	(3,107	)	$	(3,687	)	$	(4,088	)
Advantage	(8,159		)	(11,880		)	(1,779		)
Delaware Crossing	3,061			—			—
EPIC Y-Grade	8,381			—			—
EPIC Crude	19,152			—			—
Other (1)	(1,580		)	(722		)	(467		)
Total Investment Loss (Income)	$	17,748		$	(16,289	)	$	(6,334	)

⁽¹⁾ 

Represents our fee for serving as the operator of Advantage and Delaware Crossing.

Equity Method Investments

Summarized, 100% combined balance sheet information for equity method investments was as follows:

(in thousands)	December 31, 2019		December 31, 2018
Current Assets	$	304,057	$	10,451
Noncurrent Assets	4,296,648		138,221
Current Liabilities	443,573		5,667
Noncurrent Liabilities	$	1,868,138	$	288

Summarized, 100% combined statements of operations for equity method investments was as follows:

	Year Ended December 31,
(in thousands)	2019			2018			2017
Operating Revenues	$	481,466		$	35,153		$	11,034
Operating Expenses	575,306			11,148			7,358
Operating (Loss) Income	(93,840		)	24,005			3,676
Other Expense (Income)	41,616			(37		)	—
(Loss) Income Before Income Taxes	(135,456		)	24,042			3,676
Tax Expense	118			171			35
Net (Loss) Income	$	(135,574	)	$	23,871		$	3,641