v3.4.0.3

SEGMENT INFORMATION | 3 Months Ended
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Mar. 31, 2016
SEGMENT INFORMATION |
SEGMENT INFORMATION | 9. SEGMENT INFORMATION As of March 31, 2016, t he Partnership ha d two operating segments gathering and processing and logistics. These segments were i dentified based on the differing products and services, regulatory environment, and expertise required for their respective operations. The Partnership's CODM is the Chief Executive Officer of our General Partner. Beginning in the second quarter of 2016, we will evaluate our segment reporting as a result of the AES contract terminations. The financial information for our operating segments has been presented for the three months ended March 31, 2016 and 2015 and as of March 31, 201 6 and 2015. The following table presents financial information by segment for the three months ended March 31, 2016:
|  | Gathering & |  |  |  |  | Corporate and |  | Azure Midstream |
In thousands |  | Processing |  | Logistics |  | Consolidation |  | Partners, LP |
Total operating revenues |  | $ | 12,681 |  | $ | — |  | $ | — |  | $ | 12,681 |
Cost of natural gas and NGL's |  |  | 3,330 |  |  | — |  |  | — |  |  | 3,330 |
Gross margin |  |  | 9,351 |  |  | — |  |  | — |  |  | 9,351 |
Operation and maintenance |  |  | 3,408 |  |  | 663 |  |  | — |  |  | 4,071 |
General and administrative |  |  | — |  |  | — |  |  | 2,688 |  |  | 2,688 |
Depreciation and amortization expense |  |  | 4,314 |  |  | 1,654 |  |  | 22 |  |  | 5,990 |
Impairments |  |  | 78,264 |  |  | 29,213 |  |  | — |  |  | 107,477 |
Operating loss |  |  | (76,635) |  |  | (31,530) |  |  | (2,710) |  |  | (110,875) |
Interest expense |  |  | — |  |  | — |  |  | 3,001 |  |  | 3,001 |
Other expense, net |  |  | 35 |  |  | — |  |  | 60 |  |  | 95 |
Net loss before income tax expense |  |  | (76,670) |  |  | (31,530) |  |  | (5,771) |  |  | (113,971) |
Income tax expense (benefit) |  |  | 7 |  |  | — |  |  | (407) |  |  | (400) |
Net loss |  | $ | (76,677) |  | $ | (31,530) |  | $ | (5,364) |  | $ | (113,571) |
The following table presents financial information by segment for the three months ended March 31, 2015:
|  | Gathering & |  |  |  |  | Corporate and |  | Azure Midstream |
In thousands |  | Processing |  | Logistics |  | Consolidation |  | Partners, LP |
Total operating revenues |  | $ | 14,260 |  | $ | 1,420 |  | $ | — |  | $ | 15,680 |
Cost of natural gas and NGL's |  |  | 4,803 |  |  | — |  |  | — |  |  | 4,803 |
Gross margin |  |  | 9,457 |  |  | 1,420 |  |  | — |  |  | 10,877 |
Operation and maintenance |  |  | 4,288 |  |  | 370 |  |  | — |  |  | 4,658 |
General and administrative |  |  | — |  |  | — |  |  | 2,874 |  |  | 2,874 |
Depreciation and amortization expense |  |  | 2,627 |  |  | 567 |  |  | — |  |  | 3,194 |
Impairments |  |  | — |  |  | — |  |  | — |  |  | — |
Operating income (loss) |  |  | 2,542 |  |  | 483 |  |  | (2,874) |  |  | 151 |
Interest expense |  |  | — |  |  | — |  |  | 3,473 |  |  | 3,473 |
Other expense, net |  |  | 1,099 |  |  | — |  |  | — |  |  | 1,099 |
Net income (loss) before income tax expense |  |  | 1,443 |  |  | 483 |  |  | (6,347) |  |  | (4,421) |
Income tax expense (benefit) |  |  | (138) |  |  | — |  |  | 97 |  |  | (41) |
Net income (loss) |  | $ | 1,581 |  | $ | 483 |  | $ | (6,444) |  | $ | (4,380) |
The f ollowing table presents financial information by segment as of March 31, 2016:
|  | Gathering & |  |  |  |  | Corporate and |  | Azure Midstream |
In thousands |  | Processing |  | Logistics |  | Consolidation |  | Partners, LP |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |
Current assets |  | $ | 6,300 |  | $ | 77 |  | $ | 16,437 |  | $ | 22,814 |
Property, plant and equipment, net |  |  | 401,712 |  |  | 964 |  | $ | 377 |  |  | 403,053 |
Intangible assets, net |  |  | — |  |  | 28,745 |  |  | — |  |  | 28,745 |
Other assets |  |  | — |  |  | — |  |  | 321 |  |  | 321 |
Total Assets |  | $ | 408,012 |  | $ | 29,786 |  | $ | 17,135 |  | $ | 454,933 |
Liabilities and Partners’ Capital |  |  |  |  |  |  |  |  |  |  |  |  |
Total current liabilities |  | $ | 2,301 |  | $ | 3 |  | $ | 1,447 |  | $ | 3,751 |
Total long-term liabilities |  |  | 18,520 |  |  | — |  |  | 229,362 |  |  | 247,882 |
Total Liabilities |  |  | 20,821 |  |  | 3 |  |  | 230,809 |  |  | 251,633 |
Partners’ Capital |  |  | 387,191 |  |  | 29,783 |  |  | (213,674) |  |  | 203,300 |
Total Liabilities and Partners’ Capital |  | $ | 408,012 |  | $ | 29,786 |  | $ | 17,135 |  | $ | 454,933 |
The following table presents financial information by segment as of March 31, 2015:
|  | Gathering & |  |  |  |  | Corporate and |  | Azure Midstream |
In thousands |  | Processing |  | Logistics |  | Consolidation |  | Partners, LP |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |
Current assets |  | $ | 8,230 |  | $ | 1,499 |  | $ | 5,801 |  | $ | 15,530 |
Property, plant and equipment, net |  |  | 494,540 |  |  | 805 |  | $ | — |  |  | 495,345 |
Goodwill |  |  | 122,497 |  |  | 92,410 |  |  | — |  |  | 214,907 |
Intangible assets, net |  |  | — |  |  | 64,458 |  |  | — |  |  | 64,458 |
Other assets (1) |  |  | 586 |  |  | — |  |  | 1 |  |  | 587 |
Total Assets |  | $ | 625,853 |  | $ | 159,172 |  | $ | 5,802 |  | $ | 790,827 |
Liabilities and Partners’ Capital |  |  |  |  |  |  |  |  |  |  |  |  |
Total current liabilities |  | $ | 7,236 |  | $ | 236 |  | $ | 10,628 |  | $ | 18,100 |
Total long-term liabilities (1) |  |  | 11,625 |  |  | — |  |  | 229,554 |  |  | 241,179 |
Total Liabilities |  |  | 18,861 |  |  | 236 |  |  | 240,182 |  |  | 259,279 |
Partners’ Capital |  |  | 606,992 |  |  | 158,936 |  |  | (234,380) |  |  | 531,548 |
Total Liabilities and Partners’ Capital |  | $ | 625,853 |  | $ | 159,172 |  | $ | 5,802 |  | $ | 790,827 |
_____________________________ (1) Includes reclassification of deferred loan costs of $5.1 million from other assets to total long-term liabilities.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8981-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9038-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8595-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9031-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8538-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8864-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8906-108599 + Details
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