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INVESTMENT IN SSAT (Tables)
12 Months Ended
Dec. 31, 2023
INVESTMENT IN SSAT  
Schedule of condensed income statement information for SSAT

Years Ended December 31, 

(In millions)

    

2023

    

2022

    

2021

Company’s share of income from SSAT

$

2.2

$

83.1

$

56.3

Distributions received from SSAT

$

$

47.3

$

46.9

Unaudited condensed financial information for SSAT - Balance Sheet

As of December 31, 

Condensed Balance Sheets (in millions)

    

2023

    

2022

Current assets

$

304.0

$

324.7

Non-current assets

 

1,510.2

 

1,436.0

Total Assets

$

1,814.2

$

1,760.7

Current liabilities

$

271.8

$

342.1

Non-current liabilities

 

1,255.3

 

1,199.5

Equity

 

287.1

 

219.1

Total Liabilities and Equity

$

1,814.2

$

1,760.7

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)

    

2023

    

2022

     

2021

Operating revenue

$

1,025.1

$

1,466.9

$

1,297.5

Operating costs and expenses

 

1,019.6

 

1,168.8

 

1,113.8

Operating income

 

5.5

 

298.1

 

183.7

Net Income (1)(2)

$

11.9

$

249.6

$

161.7

(1)Includes earnings from equity method investments held by SSAT less earnings allocated to non-controlling interests.
(2)Includes net income or loss attributable to noncontrolling interests.