v3.3.0.814

Reporting Segments | 6 Months Ended | 12 Months Ended
--- | --- | ---
Jun. 30, 2015 | Dec. 31, 2014
Reporting Segments |  |
Reporting Segments | (8) Reporting Segments The Partnership’s operations are located in the United States and are organized into two reporting segments: (1) gathering and compression and (2) water handling. Gathering and Compression The gathering and compression segment includes a network of gathering pipelines and compressor stations that transport oil and natural gas products from Antero’s wells in the Marcellus and Utica Shales. Water Handling The Partnership’s water handling segment includes two independent fresh water distribution systems that source and deliver fresh water from the Ohio River and several regional waterways for well completion operations in Antero’s operating areas. These systems consist of permanent buried pipelines, surface pipelines and fresh water storage facilitates, as well as pumping stations and impoundments to transport the fresh water throughout the pipelines. These segments are monitored separately by management for performance and are consistent with internal financial reporting. These segments have been identified based on the differing products and services, regulatory environment and the expertise required for these operations. We evaluate the performance of the Partnership’s business segments based on operating income. Summarized financial information concerning the Partnership’s segments for the periods indicated is shown in the following table (in thousands): Three and Six Months Ended June 30, 2014 and 2015
|  | Gathering and |  | Water |  | Consolidated |
|  | Compression |  | Handling |  | Total |
Three months ended June 30, 2014 |  |  |  |  |  |  |
Revenues: |  |  |  |  |  |  |
Revenue - affiliate |  | $ | 16,923 |  | $ | 40,518 |  | $ | 57,441 |
Operating expenses: |  |  |  |  |  |  |
Direct operating |  | 2,196 |  | 11,486 |  | 13,682 |
General and administrative (before equity-based compensation) |  | 3,290 |  | 1,245 |  | 4,535 |
Equity-based compensation |  | 2,490 |  | 849 |  | 3,339 |
Depreciation |  | 8,656 |  | 3,441 |  | 12,097 |
Total |  | $ | 16,632 |  | $ | 17,021 |  | $ | 33,653 |
Operating income |  | $ | 291 |  | $ | 23,497 |  | $ | 23,788 |
Segment assets |  | $ | 1,395,121 |  | $ | 421,489 |  | $ | 1,816,610 |
Capital expenditures for segment assets |  | $ | 161,221 |  | $ | 47,931 |  | $ | 209,152 |
Three months ended June 30, 2015 |  |  |  |  |  |  |
Revenues: |  |  |  |  |  |  |
Revenue - affiliate |  | $ | 56,593 |  | $ | 31,500 |  | $ | 88,093 |
Operating expenses: |  |  |  |  |  |  |
Direct operating |  | 11,292 |  | 6,629 |  | 17,921 |
General and administrative (before equity-based compensation) |  | 4,529 |  | 1,033 |  | 5,562 |
Equity-based compensation |  | 5,388 |  | 1,209 |  | 6,597 |
Depreciation |  | 15,091 |  | 6,162 |  | 21,253 |
Total |  | $ | 36,300 |  | $ | 15,033 |  | $ | 51,333 |
Operating income |  | $ | 20,293 |  | $ | 16,467 |  | $ | 36,760 |
Segment assets |  | $ | 1,392,898 |  | $ | 416,909 |  | $ | 1,809,807 |
Capital expenditures for segment assets |  | $ | 74,061 |  | $ | 11,950 |  | $ | 86,011 |
Three and Six Months Ended June 30, 2014 and 2015
|  | Gathering and |  | Water |  | Consolidated |
|  | Compression |  | Handling |  | Total |
Six months ended June 30, 2014 |  |  |  |  |  |  |
Revenues: |  |  |  |  |  |  |
Revenue - affiliate |  | $ | 28,696 |  | $ | 65,277 |  | $ | 93,973 |
Operating expenses: |  |  |  |  |  |  |
Direct operating |  | 3,137 |  | 16,816 |  | 19,953 |
General and administrative (before equity-based compensation) |  | 5,753 |  | 2,508 |  | 8,261 |
Equity-based compensation |  | 3,803 |  | 1,478 |  | 5,281 |
Depreciation |  | 14,764 |  | 6,359 |  | 21,123 |
Total |  | $ | 27,457 |  | $ | 27,161 |  | $ | 54,618 |
Operating income |  | $ | 1,239 |  | $ | 38,116 |  | $ | 39,355 |
Segment assets |  | $ | 1,395,121 |  | $ | 421,489 |  | $ | 1,816,610 |
Capital expenditures for segment assets |  | $ | 265,554 |  | $ | 105,792 |  | $ | 371,346 |
Six months ended June 30, 2015 |  |  |  |  |  |  |
Revenues: |  |  |  |  |  |  |
Revenue - affiliate |  | $ | 108,836 |  | $ | 64,941 |  | $ | 173,777 |
Revenue - Third-party |  | — |  | 151 |  | 151 |
Total revenues |  | $ | 108,836 |  | $ | 65,092 |  | $ | 173,928 |
Operating expenses: |  |  |  |  |  |  |
Direct operating |  | 22,981 |  | 14,241 |  | 37,222 |
General and administrative (before equity-based compensation) |  | 9,407 |  | 2,295 |  | 11,702 |
Equity-based compensation |  | 10,011 |  | 2,365 |  | 12,376 |
Depreciation |  | 29,673 |  | 12,282 |  | 41,955 |
Total |  | $ | 72,072 |  | $ | 31,183 |  | $ | 103,255 |
Operating income |  | $ | 36,764 |  | $ | 33,909 |  | $ | 70,673 |
Segment assets |  | $ | 1,392,898 |  | $ | 416,909 |  | $ | 1,809,807 |
Capital expenditures for segment assets |  | $ | 200,075 |  | $ | 33,265 |  | $ | 233,340 |
| (8) Reporting Segments The Partnership’s operations are located in the United States and are organized into two reporting segments: (1) gathering and compression and (2) water handling. Gathering and Compression The gathering and compression segment includes a network of gathering pipelines and compressor stations that transport oil and natural gas products from Antero’s wells in the Marcellus and Utica Shales. Water Handling The Partnership’s water handling segment includes two independent fresh water systems that source and deliver fresh water from the Ohio River and several regional waterways for well completion operations in Antero’s operating areas. These systems consist of permanent buried pipelines, surface pipelines and fresh water storage facilitates, as well as pumping stations and impoundments to transport the fresh water throughout the pipeline networks. These segments are monitored separately by management for performance and are consistent with internal financial reporting. These segments have been identified based on the differing products and services, regulatory environment and the expertise required for these operations. We evaluate the performance of the Partnership’s business segments based on operating income (loss). Summarized financial information concerning the Partnership’s segments is shown in the following table (in thousands):
|  | Gathering and |  | Water |  | Consolidated |
|  | Compression |  | Handling |  | Total |
Year Ended December 31, 2012 |  |  |  |  |  |  |  |  |  |
Revenues: |  |  |  |  |  |  |  |  |  |
Revenue - affiliate |  | $ | 647 |  | $ | - |  | $ | 647 |
Operating expenses: |  |  |  |  |  |  |  |  |  |
Direct operating |  |  | 652 |  |  | 46 |  |  | 698 |
General and administrative |  |  | 2,894 |  |  | 83 |  |  | 2,977 |
Depreciation |  |  | 1,679 |  |  | - |  |  | 1,679 |
Total |  | $ | 5,225 |  | $ | 129 |  | $ | 5,354 |
Operating (loss) |  | $ | (4,578) |  | $ | (129) |  | $ | (4,707) |
Segment assets |  | $ | 173,510 |  | $ | 6,898 |  | $ | 180,408 |
Capital expenditures for segment assets |  | $ | 115,267 |  | $ | 2,080 |  | $ | 117,347 |
Year Ended December 31, 2013 |  |  |  |  |  |  |  |  |  |
Revenues: |  |  |  |  |  |  |  |  |  |
Revenue - affiliate |  | $ | 22,363 |  | $ | 35,871 |  | $ | 58,234 |
Operating expenses: |  |  |  |  |  |  |  |  |  |
Direct operating |  |  | 2,079 |  |  | 5,792 |  |  | 7,871 |
General and administrative |  |  | 23,124 |  |  | 10,941 |  |  | 34,065 |
Depreciation |  |  | 11,346 |  |  | 2,773 |  |  | 14,119 |
Total |  | $ | 36,549 |  | $ | 19,506 |  | $ | 56,055 |
Operating income (loss) |  | $ | (14,186) |  | $ | 16,365 |  | $ | 2,179 |
Segment assets |  | $ | 578,089 |  | $ | 230,248 |  | $ | 808,337 |
Capital expenditures for segment assets |  | $ | 389,340 |  | $ | 200,256 |  | $ | 589,596 |
Year Ended December 31, 2014 |  |  |  |  |  |  |  |  |  |
Revenues: |  |  |  |  |  |  |  |  |  |
Revenue - affiliate |  | $ | 95,746 |  | $ | 162,283 |  | $ | 258,029 |
Revenue - Third-party |  |  | - |  |  | 8,245 |  |  | 8,245 |
Total revenues |  | $ | 95,746 |  | $ | 170,528 |  | $ | 266,274 |
Operating expenses: |  |  |  |  |  |  |  |  |  |
Direct operating |  |  | 15,470 |  |  | 33,351 |  |  | 48,821 |
General and administrative |  |  | 22,035 |  |  | 8,331 |  |  | 30,366 |
Depreciation |  |  | 36,789 |  |  | 16,240 |  |  | 53,029 |
Total |  | $ | 74,294 |  | $ | 57,922 |  | $ | 132,216 |
Operating income |  | $ | 21,452 |  | $ | 112,606 |  | $ | 134,058 |
Segment assets |  | $ | 1,395,121 |  | $ | 421,489 |  | $ | 1,816,610 |
Capital expenditures for segment assets |  | $ | 553,582 |  | $ | 200,116 |  | $ | 753,698 |

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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=6534315&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=6534315&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=6534315&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=6534315&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=6534315&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=6534315&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=6534315&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=6534315&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=6534315&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=6534315&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=6534315&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=6534315&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=6534315&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=6534315&loc=d3e8906-108599 + Details
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