Equity Method Investments

6 Months Ended

Jun. 30, 2019

Equity Method Investments and Joint Ventures [Abstract]

Charah has an investment in a company that provides ash management and remarketing services to the electric utility industry. Charah accounts for its investment under the equity method of accounting because Charah has significant influence over the financial and operating policies of the company. Charah had a receivable due from the equity method investment of $130 and $108 at June 30, 2019 and December 31, 2018, respectively.

Summarized balance sheet information of our equity method investment entity is as follows:



	June 30, 2019			December 31, 2018
Current assets	$	2,834		$	2,619
Noncurrent assets	451			508
Total assets	$	3,285		$	3,127
Current liabilities	449			607
Equity of Charah	5,218			5,060
Equity of joint venture partner	(2,382		)	(2,540		)
Total liabilities and members’ equity	$	3,285		$	3,127

Summarized financial performance of our equity method investment entity is as follows:



	Three Months Ended				Six Months Ended
	June 30, 2019		June 30, 2018		June 30, 2019		June 30, 2018
Revenues	$	2,533	$	2,664	$	4,753	$	5,029
Net income	1,325		1,397		2,433		2,572
Charah Solutions’ share of net income	663		699		1,217		1,286

The following table reflects our proportional ownership activity in our investment account:



	Three Months Ended						Six Months Ended
	June 30, 2019			June 30, 2018			June 30, 2019			June 30, 2018
Opening balance	$	5,102		$	5,342		$	5,060		$	5,006
Distributions	(547		)	(687		)	(1,059		)	(938		)
Share of net income	663			699			1,217			1,286
Closing balance	$	5,218		$	5,354		$	5,218		$	5,354