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Equity Investees | 12 Months Ended
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Dec. 31, 2012
Equity Method Investments and Joint Ventures [Abstract] |
Equity Investees | 8. Equity Investees We account for our ownership in our joint ventures under the equity method of accounting (see Note 2 for a description of these investments). The price we pay to acquire an ownership interest in a company may exceed the underlying book value of the capital accounts we acquire. Such excess cost amounts are included within the carrying values of our equity investees. At December 31, 2012 and 2011, the unamortized excess cost amounts totaled $234 million and $97.8 million, respectively. We amortize the excess cost as a reduction in equity earnings in a manner similar to depreciation. The following table presents information included in our Consolidated Financial Statements related to our equity investees.
| Year Ended December 31,
| 2012 |  | 2011 |  | 2010
Genesis’ share of operating earnings | $ | 24,532 |  |  | $ | 7,910 |  |  | $ | 3,224 |
Amortization of excess purchase price | (10,187 | ) |  | (4,563 | ) |  | (869 | )
Net equity in earnings | $ | 14,345 |  |  | $ | 3,347 |  |  | $ | 2,355 |
Distributions received | $ | 38,809 |  |  | $ | 20,028 |  |  | $ | 6,482 |
The following tables present the combined balance sheet information for the last two years and income statement data for the last three years for our equity investees (on a 100% basis):
| December 31,
| 2012 |  | 2011
BALANCE SHEET DATA: |  |  |
Assets |  |  |
Current Assets | $ | 74,906 |  |  | $ | 12,732 |
Fixed Assets, net | 832,525 |  |  | 441,894 |
Other Assets | 10,202 |  |  | 18,000 |
Total Assets | $ | 917,633 |  |  | $ | 472,626 |
Liabilities and equity |  |  |
Current Liabilities | $ | 112,321 |  |  | $ | 5,891 |
Other Liabilities | 134,731 |  |  | 8,536 |
Equity | 670,581 |  |  | 458,199 |
Total Liabilities and Equity | $ | 917,633 |  |  | $ | 472,626 |
| Year Ended December 31,
| 2012 |  | 2011 |  | 2010
INCOME STATEMENT DATA: |  |  |  |  |
Revenues | $ | 162,267 |  |  | $ | 56,353 |  |  | $ | 20,013 |
Operating Income | $ | 80,841 |  |  | $ | 16,363 |  |  | $ | 5,881 |
Net Income | $ | 77,975 |  |  | $ | 16,322 |  |  | $ | 5,843 |
The 2010 income statement data above includes CHOPS since the date of acquisition. We have included in this filing on Form 10-K (i) unaudited financial statements for CHOPS as of December 31, 2012 and 2011 and for the years ended December 31, 2012 and 2011 and (ii) audited financial statements as of December 31, 2010 and the period from November 23, 2010 to December 31, 2010.

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- Definition The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 35 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=7658923&loc=d3e32787-111569 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 18 -Paragraph 20 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.12) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6382943&loc=d3e33918-111571 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 35 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=7658923&loc=d3e32847-111569 + Details
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