v3.19.3

Investments in Non-Controlled Entities (Tables) | 9 Months Ended
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Sep. 30, 2019
Equity Method Investments and Joint Ventures [Abstract] |
Equity Method Investments | Our investments in non-controlled entities at September 30, 2019 were comprised of:
Entity |  | Ownership Interest
BridgeTex Pipeline Company, LLC (“BridgeTex”) |  | 30%
Double Eagle Pipeline LLC (“Double Eagle”) |  | 50%
HoustonLink Pipeline Company, LLC (“HoustonLink”) |  | 50%
MVP Terminalling, LLC (“MVP”) |  | 50%
Powder Springs Logistics, LLC (“Powder Springs”) |  | 50%
Saddlehorn Pipeline Company, LLC (“Saddlehorn”) |  | 40%
Seabrook Logistics, LLC (“Seabrook”) |  | 50%
Texas Frontera, LLC (“Texas Frontera”) |  | 50%
We serve as operator of BridgeTex, HoustonLink, MVP, Powder Springs, Saddlehorn, Texas Frontera and the pipeline activities of Seabrook. We receive fees for management services as well as reimbursement or payment to us for certain direct operational payroll and other overhead costs. The management fees we receive are reported as affiliate management fee revenue on our consolidated statements of income. Cost reimbursements we receive from these entities in connection with our operating services are included as reductions to costs and expenses on our consolidated statements of income and totaled $0.9 million and $1.2 million during the three months ended September 30, 2018 and 2019, respectively, and $2.6 million and $3.8 million during the nine months ended September 30, 2018 and 2019, respectively. We recorded the following revenue and expense transactions from certain of these non-controlled entities in our consolidated statements of income (in thousands):
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
|  | 2018 |  | 2019 |  | 2018 |  | 2019
Transportation and terminals revenue: |  |  |  |  |  |  |  |
BridgeTex, pipeline capacity and storage |  | $ | 9,958 |  |  | $ | 10,737 |  |  | $ | 29,519 |  |  | $ | 31,063 |
Double Eagle, throughput revenue |  | $ | 1,005 |  |  | $ | 1,582 |  |  | $ | 3,892 |  |  | $ | 4,813 |
Saddlehorn, storage revenue |  | $ | 552 |  |  | $ | 566 |  |  | $ | 1,628 |  |  | $ | 1,669 |
Operating costs: |  |  |  |  |  |  |  |
Seabrook, storage lease and ancillary services |  | $ | 3,982 |  |  | $ | 6,267 |  |  | $ | 3,982 |  |  | $ | 19,417 |
Product sales revenue: |  |  |  |  |  |  |  |
Powder Springs, butane sales |  | $ | — |  |  | $ | — |  |  | $ | 4,899 |  |  | $ | — |
Cost of product sales: |  |  |  |  |  |  |  |
Powder Springs, butane purchases |  | $ | — |  |  | $ | — |  |  | $ | 410 |  |  | $ | — |
Other income: |  |  |  |  |  |  |  |
MVP, easement sale |  | $ | — |  |  | $ | 289 |  |  | $ | — |  |  | $ | 289 |
Our consolidated balance sheets reflected the following balances related to our investments in non-controlled entities (in thousands):
|  | December 31, 2018
|  | Trade Accounts Receivable |  | Other Accounts Receivable |  | Other Accounts Payable |  | Long-Term Receivables
BridgeTex |  | $ | 318 |  |  | $ | 1,549 |  |  | $ | — |  |  | $ | — |
Double Eagle |  | $ | 546 |  |  | $ | — |  |  | $ | — |  |  | $ | — |
MVP |  | $ | — |  |  | $ | 397 |  |  | $ | — |  |  | $ | — |
Powder Springs |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 2,221 |
Saddlehorn |  | $ | — |  |  | $ | 183 |  |  | $ | — |  |  | $ | — |
Seabrook |  | $ | — |  |  | $ | — |  |  | $ | 1,140 |  |  | $ | — |
|  | September 30, 2019
|  | Trade Accounts Receivable |  | Other Accounts Receivable |  | Other Accounts Payable |  | Long-Term Receivables
BridgeTex |  | $ | 385 |  |  | $ | 31 |  |  | $ | 530 |  |  | $ | — |
Double Eagle |  | $ | 440 |  |  | $ | — |  |  | $ | — |  |  | $ | — |
HoustonLink |  | $ | 77 |  |  | $ | — |  |  | $ | — |  |  | $ | — |
MVP |  | $ | — |  |  | $ | 364 |  |  | $ | — |  |  | $ | — |
Powder Springs |  | $ | — |  |  | $ | 10 |  |  | $ | — |  |  | $ | 4,892 |
Saddlehorn |  | $ | — |  |  | $ | 120 |  |  | $ | — |  |  | $ | — |
Seabrook |  | $ | 753 |  |  | $ | 332 |  |  | $ | 1,223 |  |  | $ | — |
The financial results from MVP and Texas Frontera are included in our marine storage segment, the financial results from BridgeTex, Double Eagle, HoustonLink, Saddlehorn and Seabrook are included in our crude oil segment and the financial results from Powder Springs are included in our refined products segment, each as earnings of non-controlled entities. A summary of our investments in non-controlled entities follows (in thousands):
Investments at 12/31/2018 |  | $ | 1,076,306 |
Additional investment |  | 158,145 |
Indemnification settlement |  | (5,000 | )
Earnings of non-controlled entities: |  |
Proportionate share of earnings |  | 123,621 |
Amortization of excess investment and capitalized interest |  | (1,392 | )
Earnings of non-controlled entities |  | 122,229 |
Less: |  |
Distributions from operations of non-controlled entities |  | 138,140 |
Distributions from returns of investments in non-controlled entities |  | 7,500 |
Investments at 9/30/2019 |  | $ | 1,206,040 |

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- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571 + Details
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