v3.8.0.1

Reporting Segments | 9 Months Ended
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Sep. 30, 2017
Reporting Segments |
Reporting Segments | (12) Reporting Segments The Partnership’s operations are located in the United States and are organized into two reporting segments: (1) gathering and processing and (2) water handling and treatment. Gathering and Processing The gathering and processing segment includes a network of gathering pipelines, compressor stations, and interests in processing and fractionation plants that collect and process natural gas, NGLs and oil from Antero Resources’ wells in West Virginia and Ohio. Water Handling and Treatment The Partnership’s water handling and treatment segment includes two independent systems that deliver fresh water from sources including the Ohio River, local reservoirs as well as several regional waterways. The water handling and treatment segment also includes other fluid handling services which includes high rate transfer, wastewater transportation, disposal and treatment. 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. Interest expense is primarily managed and evaluated on a consolidated basis. Summarized financial information concerning the Partnership’s segments for the periods indicated is shown in the following table (in thousands):
|  |  |  |  | Water |  |  |
|  | Gathering and |  | Handling and |  | Consolidated
|  | Processing |  | Treatment |  | Total
Three months ended September 30, 2016 |  |  |  |  |  |  |  |  |
Revenues: |  |  |  |  |  |  |  |  |
Revenue - Antero Resources |  | $ | 77,871 |  |  | 72,411 |  |  | 150,282
Revenue - third-party |  |  | 193 |  |  | — |  |  | 193
Total revenues |  |  | 78,064 |  |  | 72,411 |  |  | 150,475
Operating expenses: |  |  |  |  |  |  |  |  |
Direct operating |  |  | 4,692 |  |  | 28,521 |  |  | 33,213
General and administrative (before equity-based compensation) |  |  | 5,068 |  |  | 1,649 |  |  | 6,717
Equity-based compensation |  |  | 5,213 |  |  | 1,386 |  |  | 6,599
Depreciation |  |  | 18,298 |  |  | 7,838 |  |  | 26,136
Accretion of contingent acquisition consideration |  |  | — |  |  | 3,527 |  |  | 3,527
Total expenses |  |  | 33,271 |  |  | 42,921 |  |  | 76,192
Operating income |  | $ | 44,793 |  |  | 29,490 |  |  | 74,283
Equity in earnings of unconsolidated affiliates |  | $ | 1,544 |  |  | — |  |  | 1,544
Total assets |  | $ | 1,653,292 |  |  | 562,995 |  |  | 2,216,287
Additions to property and equipment |  | $ | 55,800 |  |  | 58,730 |  |  | 114,530
Three months ended September 30, 2017 |  |  |  |  |  |  |  |  |
Revenues: |  |  |  |  |  |  |  |  |
Revenue - Antero Resources |  | $ | 100,518 |  |  | 93,111 |  |  | 193,629
Revenue - third-party |  |  | — |  |  | — |  |  | —
Total revenues |  |  | 100,518 |  |  | 93,111 |  |  | 193,629
Operating expenses: |  |  |  |  |  |  |  |  |
Direct operating |  |  | 10,560 |  |  | 52,470 |  |  | 63,030
General and administrative (before equity-based compensation) |  |  | 4,225 |  |  | 2,892 |  |  | 7,117
Equity-based compensation |  |  | 5,111 |  |  | 2,088 |  |  | 7,199
Depreciation |  |  | 21,803 |  |  | 8,753 |  |  | 30,556
Accretion of contingent acquisition consideration |  |  | — |  |  | 2,556 |  |  | 2,556
Total expenses |  |  | 41,699 |  |  | 68,759 |  |  | 110,458
Operating income |  | $ | 58,819 |  |  | 24,352 |  |  | 83,171
Equity in earnings of unconsolidated affiliates |  | $ | 7,033 |  |  | — |  |  | 7,033
Total assets |  | $ | 2,142,409 |  |  | 752,982 |  |  | 2,895,391
Additions to property and equipment |  | $ | 99,254 |  |  | 48,019 |  |  | 147,273
|  |  |  |  | Water |  |  |
|  | Gathering and |  | Handling and |  | Consolidated
|  | Processing |  | Treatment |  | Total
Nine months ended September 30, 2016 |  |  |  |  |  |  |  |  |
Revenues: |  |  |  |  |  |  |  |  |
Revenue - Antero Resources |  | $ | 218,938 |  |  | 203,750 |  |  | 422,688
Revenue - third-party |  |  | 669 |  |  | - |  |  | 669
Total revenues |  |  | 219,607 |  |  | 203,750 |  |  | 423,357
Operating expenses: |  |  |  |  |  |  |  |  |
Direct operating |  |  | 19,758 |  |  | 105,193 |  |  | 124,951
General and administrative (before equity-based compensation) |  |  | 14,853 |  |  | 5,493 |  |  | 20,346
Equity-based compensation |  |  | 14,902 |  |  | 4,464 |  |  | 19,366
Depreciation |  |  | 52,125 |  |  | 21,975 |  |  | 74,100
Accretion of contingent acquisition consideration |  |  | - |  |  | 10,384 |  |  | 10,384
Total expenses |  |  | 101,638 |  |  | 147,509 |  |  | 249,147
Operating income |  | $ | 117,969 |  |  | 56,241 |  |  | 174,210
Equity in earnings of unconsolidated affiliates |  | $ | 2,027 |  |  | - |  |  | 2,027
Total assets |  | $ | 1,653,292 |  |  | 562,995 |  |  | 2,216,287
Additions to property and equipment |  | $ | 152,769 |  |  | 137,355 |  |  | 290,124
Nine months ended September 30, 2017 |  |  |  |  |  |  |  |  |
Revenues: |  |  |  |  |  |  |  |  |
Revenue - Antero Resources |  | $ | 290,675 |  |  | 271,226 |  |  | 561,901
Revenue - third-party |  |  | 264 |  |  | — |  |  | 264
Total revenues |  |  | 290,939 |  |  | 271,226 |  |  | 562,165
Operating expenses: |  |  |  |  |  |  |  |  |
Direct operating |  |  | 28,596 |  |  | 134,296 |  |  | 162,892
General and administrative (before equity-based compensation) |  |  | 15,242 |  |  | 7,884 |  |  | 23,126
Equity-based compensation |  |  | 14,937 |  |  | 5,499 |  |  | 20,436
Depreciation |  |  | 63,773 |  |  | 24,831 |  |  | 88,604
Accretion of contingent acquisition consideration |  |  | — |  |  | 9,672 |  |  | 9,672
Total expenses |  |  | 122,548 |  |  | 182,182 |  |  | 304,730
Operating income |  | $ | 168,391 |  |  | 89,044 |  |  | 257,435
Equity in earnings of unconsolidated affiliates |  | $ | 12,887 |  |  | — |  |  | 12,887
Total assets |  | $ | 2,142,409 |  |  | 752,982 |  |  | 2,895,391
Additions to property and equipment |  | $ | 254,619 |  |  | 143,470 |  |  | 398,089

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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 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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