4.INVESTMENT IN TERMINAL JOINT VENTURE

The Company accounts for its 35 percent ownership interest in the Terminal Joint Venture using the equity method of accounting. The Company records its share of income from the Terminal Joint Venture in costs and expenses within the Ocean Transportation segment due to operations of the Terminal Joint Venture being an integral part of the Company’s Ocean Transportation business. The Company’s investment in the Terminal Joint Venture was $87.0 million and $93.2 million at December 31, 2018 and 2017, respectively.

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, 2018, 2017 and 2016 are as follows:


	Years Ended December 31,
(In millions)	2018		2017		2016
Company's share of net income	$	36.8	$	28.2	$	15.8
Distributions received	$	42.0	$	17.5	$	—

The Company’s Ocean Transportation segment operating costs include $213.4 million, $181.3 million and $177.8 million for the years ended December 31, 2018, 2017 and 2016, respectively, for terminal services provided by SSAT. Accounts payable and accrued liabilities in the Consolidated Balance Sheets include $59.2 million and $22.8 million for terminal services payable to SSAT at December 31, 2018 and 2017, respectively.

A summary of the condensed balance sheets of SSAT at December 31, 2018 and 2017 is as follows:


	As of December 31,
Condensed Balance Sheets (in millions)	2018		2017
Current assets	$	310.4	$	181.0
Non-current assets		152.1		161.8
Total Assets	$	462.5	$	342.8

Current liabilities	$	71.0	$	65.3
Non-current liabilities		156.2		23.8
Equity		235.3		253.7
Total Liabilities and Equity	$	462.5	$	342.8

A summary of the condensed statements of operating income and net income of SSAT for years ended December 31, 2018, 2017 and 2016 are as follows:


	Years Ended December 31,
Condensed Statements of Operating Income and Net Income (in millions)	2018		2017		2016
Operating revenue	$	1,074.2	$	933.5	$	740.9
Operating costs and expenses		963.7		850.2		706.5
Operating income		110.5		83.3		34.4
Net Income (1)	$	104.9	$	80.9	$	45.1

(1)Includes earnings from equity method investments held by SSAT less earnings allocated to non-controlling interests.