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INVESTMENT IN SSAT (Tables)
12 Months Ended
Dec. 31, 2022
INVESTMENT IN SSAT  
Schedule of condensed income statement information for SSAT

Years Ended December 31, 

(In millions)

    

2022

    

2021

    

2020

Company's share of net income

$

83.1

$

56.3

$

26.3

Distributions received

$

47.3

$

46.9

$

55.4

Unaudited condensed financial information for SSAT - Balance Sheet

As of December 31, 

Condensed Balance Sheets (in millions)

    

2022

    

2021

Current assets

$

324.7

$

343.4

Non-current assets

 

1,436.0

 

1,239.7

Total Assets

$

1,760.7

$

1,583.1

Current liabilities

$

342.1

$

302.7

Non-current liabilities

 

1,199.5

 

1,125.5

Equity

 

219.1

 

154.9

Total Liabilities and Equity

$

1,760.7

$

1,583.1

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

Years Ended December 31, 

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

    

2022

    

2021

     

2020

Operating revenue

$

1,466.9

$

1,297.5

$

1,091.6

Operating costs and expenses

 

1,168.8

 

1,113.8

 

1,003.2

Operating income

 

298.1

 

183.7

 

88.4

Net Income (1)

$

249.6

$

161.7

$

76.6

(1)

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