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Equity Method Investments
12 Months Ended
Dec. 31, 2023
Equity Method Investments and Joint Ventures [Abstract]  
Equity Method Investments EQUITY METHOD INVESTMENTS
We have investments in entities that we account for using the equity method. Our share of the undistributed earnings of our equity method investees were $31.1 million and $41.3 million at December 31, 2023 and 2022, respectively. These amounts are included in Investments in Unconsolidated Affiliates on our consolidated balance sheets.
The following tables summarize combined balance sheet and income statement information for investments accounted for under the equity method:
 December 31,
 20232022
 (In thousands)
Current assets$555,364 $566,076 
Noncurrent assets1,933 445 
Total Assets$557,297 $566,521 
Total Liabilities$307,562 $292,081 
Owners' equity249,735 274,440 
Total Liabilities and Owners' Equity$557,297 $566,521 
 Year Ended December 31,
 202320222021
 (In thousands)
Revenues$5,334,822 $4,580,032 $4,254,635 
Gross profit$185,345 $176,592 $159,935 
Net income$181,981 $173,339 $156,994 
Reimbursable costs recorded in revenues by the unconsolidated joint ventures in our Government Operations segment totaled $5,126.6 million, $4,453.7 million and $4,102.9 million for the years ended December 31, 2023, 2022 and 2021, respectively.
Income taxes for the investees are the responsibility of the respective owners. Accordingly, no provision for income taxes has been recorded by the investees.
Reconciliations of net income per combined income statement information of our investees to equity in income of investees per our consolidated statements of income are as follows:
 Year Ended December 31,
 202320222021
 (In thousands)
Equity income based on stated ownership percentages
$50,595 $46,784 $31,870 
GAAP and other adjustments212 (811)1,628 
Equity in income of investees
$50,807 $45,973 $33,498 
Our transactions with unconsolidated affiliates were as follows:
 Year Ended December 31,
 202320222021
 (In thousands)
Sales to$18,530 $19,857 $11,838 
Dividends received$61,937 $42,512 $20,475 
Capital contributions, net of returns$— $11,450 $— 
At December 31, 2023 and 2022, Accounts receivable – other included amounts due from unconsolidated affiliates of $1.1 million and $1.5 million, respectively.