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INVESTMENT IN SSAT (Tables)
9 Months Ended
Sep. 30, 2024
INVESTMENT IN SSAT  
Schedule of condensed income statement information for SSAT

Three Months Ended

 

Nine Months Ended

 

September 30, 

 

September 30, 

 

(In millions)

2024

    

2023

 

2024

    

2023

 

Operating revenue

$

320.8

$

268.4

$

865.0

$

742.1

Operating costs and expenses

(301.3)

(269.4)

(858.2)

(754.2)

Operating profit (loss)

19.5

(1.0)

6.8

(12.1)

Net Profit (Loss) (1)

$

21.6

$

1.5

$

19.9

$

(7.4)

Company Share of SSAT’s Net Income (Loss) (2)

$

6.9

$

1.3

$

8.5

$

(1.9)

(1)Includes earnings and losses from equity method investment held by SSAT less earnings and losses allocated to non-controlling interests.
(2)The Company records its share of net income (loss) from SSAT in costs and expenses in the Condensed Consolidated Statement of Income and Comprehensive Income due to the nature of SSAT’s operations.