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INVESTMENT IN TERMINAL JOINT VENTURE (Tables)
12 Months Ended
Dec. 31, 2015
INVESTMENT IN TERMINAL JOINT VENTURE  
Schedule of company share of net income (loss) and dividends received from investments in terminal joint venture

 

 

 

Years Ended December 31,

 

Terminal Joint Venture

 

2015

 

2014

 

2013

 

Company Share of Net Income (Loss)

 

$

16.5

 

$

6.6

 

$

(2.0

)

Distributions Received

 

14.0

 

 

 

 

Unaudited financial information for the Terminal Joint Venture - Balance Sheet

 

 

 

As of December 31,

 

Balance Sheet (Unaudited)

 

2015

 

2014

 

Current assets

 

$

107.0 

 

$

80.7 

 

Noncurrent assets

 

121.2 

 

140.9 

 

 

 

 

 

 

 

Total Assets

 

$

228.2 

 

$

221.6 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current liabilities

 

$

42.0 

 

$

40.9 

 

Noncurrent liabilities

 

9.4 

 

7.1 

 

Equity

 

176.8 

 

173.6 

 

 

 

 

 

 

 

Total Liabilities and Equity

 

$

228.2 

 

$

221.6 

 

 

 

 

 

 

 

 

 

 

 

Unaudited financial information for the Terminal Joint Venture - Statement of Operations

 

 

Years Ended December 31,

 

Statement of Operations (Unaudited)

 

2015

 

2014

 

2013

 

Operating revenue

 

$

621.0

 

$

586.2

 

$

498.4

 

Operating costs and expenses

 

610.2

 

589.7

 

517.4

 

 

 

 

 

 

 

 

 

Operating income (loss)

 

10.8

 

(3.5

)

(19.0

)

 

 

 

 

 

 

 

 

Net Income (Loss) (1)

 

$

44.9

 

$

21.2

 

$

(5.7

)

 

 

 

 

 

 

 

 

 

 

 

 

 

(1)

Includes earnings from equity method investments held by the Terminal Joint Venture.