Equity Method Investments

3 Months Ended

Mar. 31, 2021

Equity Method Investments and Joint Ventures [Abstract]

We account for ownership interests in Mars, the Mardi Gras Joint Ventures, Ursa, and KM Phoenix using the equity method for financial reporting purposes. Financial results include the Partnership's proportionate share of Mars, the Mardi Gras Joint Ventures, Ursa and KM Phoenix, which is reflected in Income from equity method investments on the condensed consolidated statements of operations. We did not record any impairment loss on equity method investments during the three months ended March 31, 2021 and 2020.

The table below summarizes the balances and activities related for each equity method investment ("EMI") recorded as of and for the three months ended March 31, 2021 and 2020:


	Three Months Ended March 31, 2021							Three Months Ended March 31, 2020
	Percentage Ownership	Distributions Received		Income from EMI		Carrying Value		Percentage Ownership	Distributions Received		Income from EMI		Carrying Value
Mars	28.5%	$	(11.0)	$	11.8	$	54.9	28.5%	$	(13.0)	$	12.5	$	56.4
Caesar	56.0%	(3.9)		3.8		116.4		56.0%	(4.9)		4.5		117.0
Cleopatra	53.0%	(1.6)		1.1		113.8		53.0%	(2.9)		2.0		116.7
Proteus	65.0%	(4.7)		4.0		67.7		65.0%	(5.5)		4.1		73.9
Endymion	65.0%	(8.0)		7.5		78.8		65.0%	(5.9)		6.0		81.1
Others(1)	Various	(1.0)		2.1		88.4		Various	(2.0)		2.2		86.4
Total Equity Investments		$	(30.2)	$	30.3	$	520.0		$	(34.2)	$	31.3	$	531.5

(1) Includes ownership in Ursa (22.7%) and KM Phoenix (25%).

The following table presents aggregated selected income statement data for equity method investments on a 100% basis for the three months ended March 31, 2021 and 2020:


	Three Months Ended March 31,
	2021		2020
Statement of operations
Revenue	$	134.0	$	144.6
Operating expenses	57.4		64.3
Net income	76.6		80.5