| Schedule of reconciliation of investments in unconsolidated affiliates |
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Total Investment
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MarkWest
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in Unconsolidated
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(in thousands)
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Stonewall (1)
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Joint Venture
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Affiliates
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Balance at December 31, 2016
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$
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68,299
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—
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68,299
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Initial investment
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—
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153,770
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153,770
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Additional investments
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—
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81,234
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81,234
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Equity in net income of unconsolidated affiliates
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10,304
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9,890
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20,194
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Distributions from unconsolidated affiliates
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(11,475)
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(8,720)
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(20,195)
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Balance at December 31, 2017
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67,128
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236,174
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303,302
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Additional investments
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—
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136,475
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136,475
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Equity in net income of unconsolidated affiliates
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10,740
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29,540
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40,280
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Distributions from unconsolidated affiliates
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(9,765)
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(36,650)
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(46,415)
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Balance at December 31, 2018
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$
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68,103
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365,539
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433,642
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| Schedule of summarized financial information for unconsolidated affiliates |
Combined Balance Sheets
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December 31,
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(in thousands)
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2017
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2018
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Current assets
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$
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62,955
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90,481
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Noncurrent assets
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1,052,760
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1,327,947
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Total assets
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$
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1,115,715
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1,418,428
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Current liabilities
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$
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39,964
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76,605
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Noncurrent liabilities
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219
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6,986
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Noncontrolling interest
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179,736
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172,865
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Partners' capital
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895,796
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1,161,972
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Total liabilities and partners' capital
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$
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1,115,715
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1,418,428
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Statements of Combined Operations
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Year ended December 31,
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(in thousands)
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2016
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2017
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2018
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Revenues
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$
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51,428
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119,371
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189,222
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Operating expenses
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12,176
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40,059
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75,250
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Income from operations
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39,252
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79,312
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113,972
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Net income attributable to the equity method investments
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3,227
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88,717
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131,626
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