INVESTMENT IN TERMINAL JOINT VENTURE (Tables)

12 Months Ended

Dec. 31, 2017

INVESTMENT IN TERMINAL JOINT VENTURE

Schedule of company share of net incomes and dividends received from investments in terminal joint venture

The Company’s share of income recorded in the Consolidated Statements of Income and Comprehensive Income, and dividends received by the Company during the years ended December 31, 2017, 2016 and 2015 is as follows: 

	Years Ended December 31,
Terminal Joint Venture (in millions)	2017		2016		2015
Company Share of Net Income	$	28.2	$	15.8	$	16.5
Distributions Received	$	17.5	$	—	$	14.0

Unaudited condensed financial information for the Terminal Joint Venture - Balance Sheet

A summary of unaudited condensed financial information for the Terminal Joint Venture at December 31, 2017 and 2016 is as follows:

	As of December 31,
Condensed Balance Sheets (Unaudited) (in millions)	2017		2016
Current assets	$	181.0	$	147.7
Non-current assets		161.8		138.5
Total Assets	$	342.8	$	286.2
Current liabilities	$	65.3	$	48.9
Non-current liabilities		23.8		14.8
Equity		253.7		222.5
Total Liabilities and Equity	$	342.8	$	286.2

Unaudited financial information for the Terminal Joint Venture - Statement of Operating Income (Loss) and Net Income

	Years Ended December 31,
Condensed Statements of Operating Income and Net Income (Unaudited) (in millions)	2017		2016		2015
Operating revenue	$	933.5	$	740.9	$	621.0
Operating costs and expenses		850.2		706.5		610.2
Operating income		83.3		34.4		10.8
Net Income (1)	$	80.9	$	45.1	$	44.9

(1)Includes earnings from equity method investments held by the Terminal Joint Venture less earnings allocated to non-controlling interests.