Investment in Unconsolidated Entities (Tables)

12 Months Ended

Dec. 31, 2013

Equity Method Investment, Summarized Financial Information

Equity and cost method investments

December 31,		2013		2012
(Dollars in thousands)
Equity method investments:
	Capital contributions, loans, advances and adjustments	$	132,629	$	21,543
	Cumulative share of income		1,186,900		1,050,618
	Cumulative share of distributions		(1,033,087)		(907,509)
			286,442		164,652
Cost method investments			15,330		15,269
Total investments in unconsolidated entities		$	301,772	$	179,921

Equity method investments, summarized financial position

December 31,		2013		2012
(Dollars in thousands)
Assets
	Current	$	520,804	$	477,673
	Due from affiliates		408,735		298,707
	Property and other		2,080,436		1,951,887
		$	3,009,975	$	2,728,267
Liabilities and Equity
	Current liabilities	$	355,167	$	353,044
	Deferred credits		89,198		84,672
	Long-term liabilities		31,605		33,856
	Long-term capital lease obligations		707		405
	Partners’ capital and shareholders’ equity		2,533,298		2,256,290
		$	3,009,975	$	2,728,267

Equity method investments, summarized results of operations

Year Ended December 31,		2013		2012		2011
(Dollars in thousands)
Results of Operations
	Revenues	$	6,239,200	$	5,825,150	$	5,540,220
	Operating expenses		4,492,372		4,381,731		4,301,758
	Operating income		1,746,828		1,443,419		1,238,462
	Other income, net		4,019		7,190		960
	Net income	$	1,750,847	$	1,450,609	$	1,239,422

Fair Value Key Assumptions

Key assumptions
Average expected revenue growth rate (next ten years)	2.0	%
Terminal revenue growth rate (after year ten)	2.0	%
Discount rate	10.5	%
Capital expenditures as a percentage of revenue	14.9-18.8	%