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INVESTMENT IN SSAT (Tables)
12 Months Ended
Dec. 31, 2021
INVESTMENT IN SSAT  
Schedule of condensed income statement information for SSAT

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Years Ended December 31, 

(In millions)

    

2021

    

2020

    

2019

Company's share of net income

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$

56.3

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$

26.3

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$

20.8

Distributions received

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$

46.9

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$

55.4

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$

25.2

Unaudited condensed financial information for SSAT - Balance Sheet

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As of December 31, 

Condensed Balance Sheets (in millions)

    

2021

    

2020

Current assets

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$

343.4

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$

294.3

Non-current assets

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1,239.7

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1,249.5

Total Assets

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$

1,583.1

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$

1,543.8

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Current liabilities

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$

302.7

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$

238.2

Non-current liabilities

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1,125.5

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1,179.9

Equity

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154.9

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125.7

Total Liabilities and Equity

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$

1,583.1

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$

1,543.8

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Unaudited financial information for SSAT - Statement of Operating Income and Net Income

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Years Ended December 31, 

Condensed Statements of Operating Income and Net Income (in millions)

    

2021

    

2020

     

2019

Operating revenue

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$

1,297.5

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$

1,091.6

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$

1,098.3

Operating costs and expenses

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1,113.8

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1,003.2

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1,035.3

Operating income

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183.7

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88.4

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63.0

Net Income (1)

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$

161.7

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$

76.6

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$

57.2

(1)

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