Investment in Unconsolidated Entities (Tables)

12 Months Ended

Dec. 31, 2014

Equity Method Investment, Summarized Financial Information

Equity and cost method investments

December 31,		2014		2013
(Dollars in thousands)
Equity method investments:
	Capital contributions, loans, advances and adjustments	$	116,881	$	121,571
	Cumulative share of income		1,287,371		1,152,916
	Cumulative share of distributions		(1,122,849)		(1,010,513)
			281,403		263,974
Cost method investments			1,611		1,611
Total investments in unconsolidated entities		$	283,014	$	265,585

Equity method investments, summarized financial position

December 31,		2014		2013
(Dollars in thousands)
Assets
	Current	$	691,519	$	489,659
	Due from affiliates		303,322		408,735
	Property and other		2,295,936		2,026,104
		$	3,290,777	$	2,924,498
Liabilities and Equity
	Current liabilities	$	403,005	$	351,624
	Deferred credits		170,887		84,834
	Long-term liabilities		18,101		19,712
	Long-term capital lease obligations		1,722		707
	Partners' capital and shareholders' equity		2,697,062		2,467,621
		$	3,290,777	$	2,924,498

Equity method investments, summarized results of operations

Year Ended December 31,		2014		2013		2012
(Dollars in thousands)
Results of Operations
	Revenues	$	6,668,615	$	6,218,067	$	5,804,466
	Operating expenses		5,035,544		4,473,722		4,363,399
	Operating income		1,633,071		1,744,345		1,441,067
	Other income, net		1,160		4,842		4,003
	Net income	$	1,634,231	$	1,749,187	$	1,445,070

Fair Value Key Assumptions

Key assumptions
Average expected revenue growth rate (next ten years)	2.0	%
Terminal revenue growth rate (after year ten)	2.0	%
Discount rate	10.5	%
Capital expenditures as a percentage of revenue	14.9-18.8	%