Annual report pursuant to Section 13 and 15(d)

Investments, At Equity, And Advances To 50% Or Less Owned Companies (Tables)

v3.19.3.a.u2
Investments, At Equity, And Advances To 50% Or Less Owned Companies (Tables)
12 Months Ended
Dec. 31, 2019
Equity Method Investment, Summarized Financial Information [Abstract]  
Summarized Financial Information For The Company's Investments, At Equity
Investments, at equity, and advances to 50% or less owned companies as of December 31, were as follows (in thousands):
Ownership 2019 2018
Ocean Services:
Trailer Bridge(1)
55.3%    $ 56,770    $ 56,364   
RF Vessel Holdings 50.0%    15,878    10,826   
Golfo de Mexico 50.0%    3,485    5,272   
KSM 50.0%    1,916    1,478   
78,049    73,940   
Inland Services:
SCFCo 50.0%    33,705    37,219   
Bunge-SCF Grain 50.0%    15,112    14,738   
SCF Bunge Marine(1)
62.5%    3,990    3,144   
Other 50.0%    2,285    2,796   
55,092    57,897   
Witt O’Brien’s:
O’Brien’s do Brazil 50.0%    1,274    472   
Other:
VA&E 23.8%    10,448    13,073   
Avion 39.1%    10,706    10,290   
Other 40.0%    47.5%    1,539    1,214   
22,693    24,577   
$ 157,108    $ 156,886   
______________________
(1)The Company’s ownership percentage represents its economic interest in the 50% or less owned company.
Combined Condensed Financial Information. Summarized financial information for the Company’s investments, at equity, excluding SCFCo and Trailer Bridge, as of and for the years ended December 31, was as follows (in thousands):
2019 2018
Current assets $ 228,420    $ 184,704   
Noncurrent assets 101,292    77,929   
Current liabilities 160,688    113,784   
Noncurrent liabilities 58,413    46,503   

2019 2018 2017
Operating Revenues $ 1,015,627    $ 786,717    $ 1,068,190   
Costs and Expenses:
Operating and administrative 1,005,757    771,324    1,035,952   
Depreciation 4,968    7,216    11,810   
1,010,725    778,540    1,047,762   
Gains on Asset Dispositions and Impairments, Net —    38    16,115   
Operating Income $ 4,902    $ 8,215    $ 36,543   
Net Income $ 2,922    $ 3,967    $ 23,383   
Summarized financial information for SCFCo as of and for the years ended December 31, was as follows (in thousands):
2019 2018
Current assets $ 5,878    $ 8,322   
Noncurrent assets 113,638    121,001   
Current liabilities 11,077    12,958   
Noncurrent liabilities 59,717    56,078   
2019 2018 2017
Operating Revenues $ 45,049    $ 54,486    $ 44,177   
Costs and Expenses:
Operating and administrative 39,375    45,911    40,106   
Depreciation 10,027    17,901    17,803   
49,402    63,812    57,909   
Operating Loss (4,353)   (9,326)   (13,732)  
Interest expense (6,971)   (6,573)   (6,120)  
Other expense, net (241)   (2,229)   (961)  
Net Loss $ (11,565)   $ (18,128)   $ (20,813)