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Investments in equity investees
 12 Months Ended
Dec. 31, 2019
Equity Method Investments And Joint Ventures  
Investment In Equity Investees Note 16 - Investments in equity investees

During the year ended December 31, 2019, the Corporation recorded earnings of $43.0 million, from its equity investments, compared to $38.0 million for the year ended December 31, 2018. The carrying value of the Corporation’s equity method investments was $237 million and $228 million at December 31, 2019 and 2018, respectively.

 

The following table presents aggregated summarized financial information of the Corporation’s equity method investees:

Years ended December 31,

 

2019

 

2018

 

2017

(In thousands)

 

 

 

 

 

 

Operating results:

 

 

 

 

 

 

 

Total revenues

$

927,510

$

1,074,055

$

931,627

 

Total expenses

 

677,385

 

673,632

 

663,069

 

Income tax expense

 

54,936

 

65,817

 

42,799

Net income

$

195,189

$

334,606

$

225,759

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

At December 31,

 

 

 

2019

 

2018

(In thousands)

 

 

 

 

 

 

Balance Sheet:

 

 

 

 

 

 

 

Total assets

 

 

$

7,911,752

$

8,652,539

 

Total liabilities

 

 

$

6,425,642

$

6,090,722

Summarized financial information for these investees may be presented on a lag, due to the unavailability of information for the investees, at the respective balance sheet dates.