XML 31 R19.htm IDEA: XBRL DOCUMENT v3.19.2
UNCONSOLIDATED AFFILIATES (Notes)
 6 Months Ended
Jun. 30, 2019
Equity Method Investments and Joint Ventures [Abstract]  
UNCONSOLIDATED AFFILIATES
UNCONSOLIDATED AFFILIATES

Equity in Net Earnings from Investments - The following table sets forth our equity in net earnings (loss) from investments for the periods indicated:
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
 
2019
 
2018
 
2019
 
2018
 
(Thousands of dollars)
Northern Border Pipeline
$
13,689

 
$
15,240

 
$
34,491

 
$
32,377

Overland Pass Pipeline
15,465

 
16,246

 
32,859

 
32,633

Roadrunner
6,077

 
5,542

 
12,415

 
10,500

Other
(1,113
)
 
(458
)
 
(2,166
)
 
1,247

Equity in net earnings from investments
$
34,118

 
$
36,570

 
$
77,599

 
$
76,757



Unconsolidated Affiliates Financial Information - The following table sets forth summarized combined financial information of our unconsolidated affiliates for the periods indicated:
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
 
2019
 
2018
 
2019
 
2018
 
(Thousands of dollars)
Income Statement
 
 
 
 
 
 
 
Revenues
$
153,205

 
$
151,771

 
$
320,251

 
$
310,679

Operating expenses
$
77,704

 
$
68,120

 
$
147,504

 
$
136,521

Net income
$
68,916

 
$
77,913

 
$
159,813

 
$
162,393

 
 
 
 
 
 
 
 
Distributions paid to us (a)
$
99,527

 
$
48,424

 
$
158,990

 
$
98,240


(a) - As determined by the Northern Border Pipeline Management Committee, we received an additional distribution of $50.0 million from Northern Border Pipeline during the three months ended June 30, 2019.

We incurred expenses in transactions with unconsolidated affiliates of $40.5 million and $38.2 million for the three months ended June 30, 2019 and 2018, respectively, and $82.3 million and $75.7 million for the six months ended June 30, 2019 and 2018, respectively, primarily related to Overland Pass Pipeline and Northern Border Pipeline. Accounts payable to our equity-method investees at June 30, 2019, and December 31, 2018, were $13.5 million and $14.7 million, respectively.

We have an operating agreement with Roadrunner that provides for reimbursement or payment to us for management services and certain operating costs. Reimbursements and payments from Roadrunner included in operating income in our Consolidated Statements of Income for the three and six months ended June 30, 2019 and 2018, were not material.