INVESTMENT IN TERMINAL JOINT VENTURE (Tables)

12 Months Ended

Dec. 31, 2018

INVESTMENT IN TERMINAL JOINT VENTURE

Schedule of condensed income statement information (unaudited) for 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, 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	$	—

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

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

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 (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.