XML 42 R30.htm IDEA: XBRL DOCUMENT v3.20.2
Equity Investees (Tables)
6 Months Ended
Jun. 30, 2020
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of Consolidated Financial Statements Related to Equity Investees
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  
Schedule of Balance Sheet Information for Equity Investees
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  
Schedule Of Operations For Equity Investees
 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