Annual report pursuant to Section 13 and 15(d)

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

v3.20.4
Investments, At Equity, And Advances To 50% Or Less Owned Companies (Tables)
12 Months Ended
Dec. 31, 2020
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 2020 2019
Ocean Services:
Trailer Bridge(1)
55.3% $ 54,740  $ 56,770 
RF Vessel Holdings 50.0% 21,946  15,878 
Golfo de Mexico 50.0% 2,888  3,485 
KSM 50.0% 2,613  1,916 
82,187  78,049 
Inland Services:
SCFCo 50.0% 29,448  33,705 
Bunge-SCF Grain 50.0% 14,098  15,112 
SCF Bunge Marine(1)
62.5% 4,797  3,990 
Other 50.0% 1,972  2,285 
50,315  55,092 
Witt O’Brien’s:
O’Brien’s do Brazil 50.0% 1,247  1,274 
Other:
VA&E 23.8% 9,814  10,448 
Avion 39.1% 10,310  10,706 
Other 40.0% 47.5% 1,526  1,539 
21,650  22,693 
$ 155,399  $ 157,108 
______________________
(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 Trailer Bridge, as of and for the years ended December 31, was as follows (in thousands):
2020 2019
Current assets $ 259,498  $ 234,298 
Noncurrent assets 220,967  214,930 
Current liabilities 197,419  171,765 
Noncurrent liabilities 132,021  118,130 

2020 2019 2018
Operating Revenues $ 1,262,122  $ 1,060,676  $ 841,203 
Costs and Expenses:
Operating and administrative 1,241,841  1,045,132  817,235 
Depreciation 14,736  14,995  25,117 
1,256,577  1,060,127  842,352 
Gains on Asset Dispositions, Net 76  —  38 
Operating Income (Loss) $ 5,621  $ 549  $ (1,111)
Net Loss $ (18,109) $ (8,643) $ (14,161)
Summarized financial information for Trailer Bridge as of and for the years ended December 31, was as follows (in thousands):
2020 2019
Current assets $ 46,951  $ 43,996 
Noncurrent assets 73,098  75,394 
Current liabilities 18,022  16,715 
Noncurrent liabilities 3,058  35 

2020 2019 2018
Operating Revenues $ 175,219  $ 158,291  $ 173,495 
Costs and Expenses:
Operating and administrative 172,589  149,662  148,952 
Depreciation 8,536  7,938  7,546 
181,125  157,600  156,498 
Gains (Losses) on Assets Dispositions 1,489  563  (6)
Operating Income (Loss) (4,417) 1,254  16,991 
Interest expense (3) (61) (106)
Other expense, net —  (375) (300)
Income tax expense (2,240) —  — 
Net Income (Loss) $ (6,660) $ 818  $ 16,585