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Investments in Unconsolidated Subsidiaries
9 Months Ended
Sep. 30, 2021
Equity Method Investments and Joint Ventures [Abstract]  
Investments in Unconsolidated Subsidiaries 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):
Three Months Ended
September 30,
Nine Months Ended
September 30,
2021202020212020
Revenue$636,229 $513,792 $2,098,850 $1,337,212 
Operating income375,655 97,833 1,082,656 411,291 
Net income909,341 109,251 2,386,276 267,835 

During the second quarter of 2021, the company closed on its integration of Hana into Industrious National Management Company LLC (“Industrious”), increasing its ownership interest to 40%.