| Selected Components of Working Capital |
9. SELECTED COMPONENTS OF WORKING CAPITAL
A summary of accounts receivable, net is as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | The Partnership | | WES Operating | | | | | | | | | | | | | | | | thousands | | March 31, 2024 | | December 31, 2023 | | March 31, 2024 | | December 31, 2023 | | Trade receivables, net | | $ | 720,169 | | | $ | 665,892 | | | $ | 738,328 | | | $ | 665,892 | | | Other receivables, net | | 182 | | | 745 | | | 159 | | | 723 | | | Total accounts receivable, net | | $ | 720,351 | | | $ | 666,637 | | | $ | 738,487 | | | $ | 666,615 | |
A summary of other current assets is as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | The Partnership | | WES Operating | | | | | | | | | | | | | | | | thousands | | March 31, 2024 | | December 31, 2023 | | March 31, 2024 | | December 31, 2023 | | NGLs inventory | | $ | 2,650 | | | $ | 2,557 | | | $ | 2,650 | | | $ | 2,557 | | | Imbalance receivables | | 8,125 | | | 5,056 | | | 8,125 | | | 5,056 | | | Prepaid insurance | | 15,707 | | | 21,065 | | | 13,904 | | | 18,571 | | | Contract assets | | 8,708 | | | 9,595 | | | 8,708 | | | 9,595 | | | Other | | 15,560 | | | 14,713 | | | 15,501 | | | 14,689 | | | Total other current assets | | $ | 50,750 | | | $ | 52,986 | | | $ | 48,888 | | | $ | 50,468 | |
A summary of accrued liabilities is as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | The Partnership | | WES Operating | | | | | | | | | | | | | | | | thousands | | March 31, 2024 | | December 31, 2023 | | March 31, 2024 | | December 31, 2023 | | Accrued interest expense | | $ | 86,369 | | | $ | 124,937 | | | $ | 86,369 | | | $ | 124,937 | | Short-term asset retirement obligations | | 3,790 | | | 7,606 | | | 3,790 | | | 7,606 | | Short-term remediation and reclamation obligations | | 1,790 | | | 5,490 | | | 1,790 | | | 5,490 | | | Income taxes payable | | 4,201 | | | 2,908 | | | 4,201 | | | 2,908 | | | Contract liabilities | | 11,875 | | | 16,866 | | | 11,875 | | | 16,866 | | | Accrued payroll and benefits | | 30,598 | | | 55,237 | | | — | | | 2,243 | | | Other | | 35,098 | | | 49,528 | | | 35,001 | | | 43,411 | | | Total accrued liabilities | | $ | 173,721 | | | $ | 262,572 | | | $ | 143,026 | | | $ | 203,461 | |
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