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Equity Investees
 6 Months Ended
Jun. 30, 2020
Equity Method Investments and Joint Ventures [Abstract]  
Equity Investees Equity Investees
We account for our ownership in our joint ventures under the equity method of accounting. The price we pay to acquire an ownership interest in a company may exceed or be less than 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 June 30, 2020 and December 31, 2019, the unamortized excess cost amounts totaled $343.1 million and $350.9 million, respectively. We amortize the excess cost as a reduction in equity earnings.
The following table presents information included in our Unaudited Condensed Consolidated Financial Statements related to our equity investees.
 Three Months Ended
June 30,		Six Months Ended
June 30,
 2020201920202019
Genesis’ share of operating earnings$16,490  $18,918  $34,522  $35,788  
Amortization of excess purchase price(3,872) (3,872) (7,745) (7,745) 
Net equity in earnings$12,618  $15,046  $26,777  $28,043  
Distributions received$18,394  $20,721  $38,959  $38,546  
The following tables present the unaudited balance sheet and income statement information (on a 100% basis) for Poseidon Oil Pipeline Company, L.L.C. ("Poseidon") (which is our most significant equity investment):
June 30,
2020		December 31,
2019
BALANCE SHEET DATA:
Assets
Current assets$19,440  $30,307  
Fixed assets, net179,471  187,091  
Other assets1,933  2,113  
Total assets$200,844  $219,511  
Liabilities and equity
Current liabilities$11,385  $15,558  
Other liabilities238,223  245,976  
Equity(48,764) (42,023) 
Total liabilities and equity$200,844  $219,511  
 Three Months Ended
June 30,		Six Months Ended
June 30,
 2020201920202019
INCOME STATEMENT DATA:
Revenues$30,419  $34,387  $63,311  $65,439  
Operating income$21,922  $25,655  $45,528  $47,960  
Net income$20,636  $23,295  $42,219  $43,145  


Poseidon's Revolving Credit Facility
Borrowings under Poseidon’s revolving credit facility, which was amended and restated in March 2019, are primarily used to fund spending on capital projects. The March 2019 credit facility is non-recourse to Poseidon’s owners and secured by substantially all of Poseidon's assets and has a maturity date of March 2024. The March 2019 credit facility contains customary covenants such as restrictions on debt levels, liens, guarantees, mergers, sale of assets and distributions to owners. A breach of any of these covenants could result in acceleration of the maturity date of Poseidon’s debt. Poseidon was in compliance with the terms of its credit agreement for all periods presented in these Unaudited Condensed Consolidated Financial Statements.