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Investments in Unconsolidated Subsidiaries | 12 Months Ended
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Dec. 31, 2019
Equity Method Investments And Joint Ventures [Abstract] |
Investments in Unconsolidated Subsidiaries |
10. | Investments in Unconsolidated Subsidiaries
Investments in unconsolidated subsidiaries are accounted for under the equity method of accounting. Our investment ownership percentages in equity method investments vary, generally ranging up to 50.0%. Combined condensed financial information for the entities accounted for using the equity method is as follows (dollars in thousands): Condensed Balance Sheets Information:
|  | December 31, |
|  |  | 2019 |  |  |  | 2018 |
Current assets |  | $ | 5,407,082 |  |  | $ | 3,931,111 |
Non-current assets |  |  | 20,414,598 |  |  |  | 16,578,905 |
Total assets |  | $ | 25,821,680 |  |  | $ | 20,510,016 |
Current liabilities |  | $ | 2,241,930 |  |  | $ | 1,919,955 |
Non-current liabilities |  |  | 5,857,413 |  |  |  | 4,495,117 |
Total liabilities |  | $ | 8,099,343 |  |  | $ | 6,415,072 |
Non-controlling interests |  | $ | 461,018 |  |  | $ | 261,654 |
Condensed Statements of Operations Information:
|  | Year Ended December 31, |
|  |  | 2019 |  |  |  | 2018 |  |  |  | 2017 |
Revenue |  | $ | 1,545,424 |  |  | $ | 1,524,685 |  |  | $ | 1,392,590 |
Operating income |  |  | 549,111 |  |  |  | 906,889 |  |  |  | 1,425,824 |
Net income |  |  | 419,966 |  |  |  | 679,712 |  |  |  | 1,254,345 |
Our Real Estate Investments segment invests our own capital in certain real estate investments with clients. We have provided investment management, property management, brokerage and other professional services in connection with these real estate investments on an arm’s length basis and earned revenues from these unconsolidated subsidiaries of $97.0 million, $134.3 million and $100.3 million during the years ended December 31, 2019, 2018 and 2017, respectively.

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- Definition The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section S99 -Paragraph 4 -Subparagraph (SX 210.3A-04) -URI http://asc.fasb.org/extlink&oid=116822174&loc=d3e355119-122828 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -URI http://asc.fasb.org/topic&trid=2196965 + Details
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