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DISCONTINUED OPERATIONS (Tables) | 12 Months Ended
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Dec. 31, 2022
Discontinued Operations and Disposal Groups [Abstract] |
Disposal Groups, Including Discontinued Operations | The following table presents the significant components of net loss from discontinued operations:
| Year Ended December 31,
| 2022 |  | 2021 |  | 2020
Revenues |  |  |  |  |
Total revenues | $ | 140,009 |  |  | $ | 120,219 |  |  | $ | 68,562 |
Expenses |  |  |  |  |
Cost of sales | 12,732 |  |  | — |  |  | 10,864 |
Operating expense | 92,478 |  |  | 98,541 |  |  | 58,527 |
General and administrative expenses | 2,694 |  |  | 3,961 |  |  | 4,053 |
Acquisition and transaction expenses | 13,971 |  |  | 4,030 |  |  | — |
Management fees and incentive allocation to affiliate | 8,134 |  |  | 15,638 |  |  | 13,073 |
Depreciation and amortization | 40,319 |  |  | 54,016 |  |  | 31,114 |
Interest expense | 15,105 |  |  | 16,019 |  |  | 10,764 |
Total expenses | 185,433 |  |  | 192,205 |  |  | 128,395 |
Equity in losses of unconsolidated entities | (46,602) |  |  | (11,331) |  |  | (3,107) |
Gain on sale of assets, net | 258 |  |  | 16 |  |  | 1,323 |
Loss on extinguishment of debt | — |  |  | — |  |  | (4,724) |
Other (expense) income | (1,421) |  |  | (8,727) |  |  | 138 |
Total other expense | (47,765) |  |  | (20,042) |  |  | (6,370) |
Loss before income taxes | (93,189) |  |  | (92,028) |  |  | (66,203) |
Provision for (benefit from) income taxes | 8,227 |  |  | (4,183) |  |  | (1,562) |
Net loss from discontinued operations, net of income taxes | (101,416) |  |  | (87,845) |  |  | (64,641) |
Less: Net loss attributable to non-controlling interests in consolidated subsidiaries | (18,817) |  |  | (26,472) |  |  | (16,522) |
Net loss attributable to shareholders | $ | (82,599) |  |  | $ | (61,373) |  |  | $ | (48,119) |
The following table summarizes the carrying value of the major classes of assets and liabilities of discontinued operations as of December 31, 2021:
|  | December 31, 2021
Assets |  |
Cash and cash equivalents |  | $ | 49,872 |
Restricted cash |  | 251,983 |
Accounts receivable, net |  | 50,301 |
Leasing equipment, net |  | 36,012 |
Operating lease right-of-use assets, net |  | 71,547 |
Property, plant and equipment, net |  | 1,517,594 |
Investments |  | 54,408 |
Intangible assets, net |  | 67,737 |
Goodwill |  | 257,137 |
Other assets |  | 85,710 |
Total assets of discontinued operations |  | 2,442,301 |
Liabilities |  |
Accounts payable and accrued liabilities |  | 115,634 |
Debt, net |  | 718,624 |
Operating lease liabilities |  | 70,404 |
Other liabilities |  | 75,593 |
Total liabilities of discontinued operations |  | 980,255 |
The cash flows related to discontinued operations have not been segregated, and are included in the Consolidated Statements of Cash Flows for all periods presented. The following table summarizes depreciation and amortization, capital expenditures, and other significant operating and investing noncash items of discontinued operations for each period presented:
| Year Ended December 31,
| 2022 |  | 2021 |  | 2020
Operating activities: |  |  |  |  |
Equity in losses of unconsolidated entities | $ | 46,601 |  |  | $ | 11,331 |  |  | $ | 3,107 |
Depreciation and amortization | 40,319 |  |  | 54,016 |  |  | 31,114 |
Equity-based compensation | 2,623 |  |  | 4,038 |  |  | 2,325 |
Investing activities: |  |  |  |  |
Acquisition of property, plant and equipment | $ | (129,920) |  |  | $ | (140,896) |  |  | $ | (247,961) |
Acquisition of business, net of cash acquired | (3,819) |  |  | (627,090) |  |  | — |
Investment in unconsolidated entities | 7,954 |  |  | 53,055 |  |  | (4,690) |
Proceeds from sale of property, plant and equipment | 5,289 |  |  | 4,494 |  |  | — |
Non-cash change in equity method investment | (182,963) |  |  | (129,907) |  |  | (26,609) |
Conversion of interests in unconsolidated entities | (21,302) |  |  | — |  |  | — |
Summarized financial data for Long Ridge Terminal LLC are shown in the following tables for the periods in which the Company held the equity investment.
|  |  | December 31, 2021
Balance Sheet |  |  |
Assets |  |  |
Cash and cash equivalents |  |  | $ | 2,932 |
Restricted cash |  |  | 32,469 |
Accounts receivable, net |  |  | 17,896 |
Property, plant, and equipment, net |  |  | 764,607 |
Intangible assets, net |  |  | 4,940 |
Goodwill |  |  | 89,390 |
Inventory, net |  |  | 1,691 |
Other assets |  |  | 12,750 |
Total assets |  |  | $ | 926,675 |
Liabilities |  |  |
Accounts payable and accrued liabilities |  |  | $ | 16,121 |
Debt, net |  |  | 604,261 |
Derivative liabilities |  |  | 339,033 |
Other liabilities |  |  | 2,246 |
Total liabilities |  |  | 961,661 |
Equity |  |  |
Shareholders’ equity |  |  | (1,035) |
Accumulated deficit |  |  | (33,951) |
Total equity |  |  | (34,986) |
Total liabilities and equity |  |  | $ | 926,675 |
Income Statement |  | 2022 |  | 2021 |  | 2020
Total revenues |  | $ | 15,199 |  |  | $ | 85,638 |  |  | $ | 24,917 |
Expenses |  |  |  |  |  |
Operating expenses |  | 36,693 |  |  | 28,310 |  |  | 16,339 |
Depreciation and amortization |  | 29,381 |  |  | 24,836 |  |  | 11,004 |
Interest expense |  | 30,622 |  |  | 11,005 |  |  | 2,037 |
Total expenses |  | 96,696 |  |  | 64,151 |  |  | 29,380 |
Total other expense |  | (234) |  |  | (44,302) |  |  | (1,967) |
Net loss |  | $ | (81,731) |  |  | $ | (22,815) |  |  | $ | (6,430) |

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