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v3.20.1

Reporting Segments (Tables) | 3 Months Ended
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Mar. 31, 2020
Reporting Segments |
Schedule of operating results and assets of the Company's reportable segments |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Gathering and | ​ | Water | ​ | ​ | ​ | Consolidated | ​
(in thousands) |  | Processing |  | Handling |  | Unallocated (1) | ​ | Total | ​
Three months ended March 31, 2019 |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ | ​
Revenues: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Revenue–Antero Resources | ​ | $ | 33,534 | ​ | ​ | 22,351 | ​ | ​ | — | ​ | ​ | 55,885 | ​
Revenue–third-party | ​ | ​ | — | ​ | ​ | 4 | ​ | ​ | — | ​ | ​ | 4 | ​
Amortization of customer relationships | ​ | ​ | (501) | ​ | ​ | (1,280) | ​ | ​ | — | ​ | ​ | (1,781) | ​
Total revenues | ​ | ​ | 33,033 | ​ | ​ | 21,075 | ​ | ​ | — | ​ | ​ | 54,108 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Operating expenses: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Direct operating | ​ | ​ | 2,935 | ​ | ​ | 12,047 | ​ | ​ | — | ​ | ​ | 14,982 | ​
General and administrative (excluding equity-based compensation) | ​ | ​ | 1,020 | ​ | ​ | 574 | ​ | ​ | 6,792 | ​ | ​ | 8,386 | ​
Equity-based compensation | ​ | ​ | 377 | ​ | ​ | 213 | ​ | ​ | 10,833 | ​ | ​ | 11,423 | ​
Depreciation | ​ | ​ | 2,560 | ​ | ​ | 5,090 | ​ | ​ | — | ​ | ​ | 7,650 | ​
Accretion and change in fair value of contingent acquisition consideration | ​ | ​ | — | ​ | ​ | 1,049 | ​ | ​ | — | ​ | ​ | 1,049 | ​
Accretion of asset retirement obligations | ​ | ​ | — | ​ | ​ | 10 | ​ | ​ | — | ​ | ​ | 10 | ​
Total operating expenses | ​ | ​ | 6,892 | ​ | ​ | 18,983 | ​ | ​ | 17,625 | ​ | ​ | 43,500 | ​
Operating income | ​ | $ | 26,141 | ​ | ​ | 2,092 | ​ | ​ | (17,625) | ​ | ​ | 10,608 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Equity in earnings of unconsolidated affiliates | ​ | $ | 2,880 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 2,880 | ​
Total assets | ​ | $ | 4,818,809 | ​ | ​ | 1,841,516 | ​ | ​ | 8,102 | ​ | ​ | 6,668,427 | ​
Additions to property and equipment | ​ | $ | 7,677 | ​ | ​ | 8,328 | ​ | ​ | — | ​ | ​ | 16,005 | ​
​
(1) | Certain expenses that are not directly attributable to gathering and processing and water handling are managed and evaluated on a consolidated basis.
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Gathering and | ​ | Water | ​ | ​ | ​ | Consolidated | ​
(in thousands) |  | Processing |  | Handling |  | Unallocated (1) | ​ | Total | ​
Three months ended March 31, 2020 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Revenues: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Revenue–Antero Resources | ​ | $ | 163,129 | ​ | ​ | 98,184 | ​ | ​ | — | ​ | ​ | 261,313 | ​
Amortization of customer relationships | ​ | ​ | (9,238) | ​ | ​ | (8,367) | ​ | ​ | — | ​ | ​ | (17,605) | ​
Total revenues | ​ | ​ | 153,891 | ​ | ​ | 89,817 | ​ | ​ | — | ​ | ​ | 243,708 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Operating expenses: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Direct operating | ​ | ​ | 13,391 | ​ | ​ | 35,337 | ​ | ​ | — | ​ | ​ | 48,728 | ​
General and administrative (excluding equity-based compensation) | ​ | ​ | 5,044 | ​ | ​ | 2,905 | ​ | ​ | 2,250 | ​ | ​ | 10,199 | ​
Facility idling | ​ | ​ | — | ​ | ​ | 8,678 | ​ | ​ | — | ​ | ​ | 8,678 | ​
Impairment of goodwill | ​ | ​ | 575,461 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 575,461 | ​
Impairment of property and equipment | ​ | ​ | — | ​ | ​ | 89,083 | ​ | ​ | — | ​ | ​ | 89,083 | ​
Equity-based compensation | ​ | ​ | 2,533 | ​ | ​ | 555 | ​ | ​ | 250 | ​ | ​ | 3,338 | ​
Depreciation | ​ | ​ | 13,050 | ​ | ​ | 14,293 | ​ | ​ | — | ​ | ​ | 27,343 | ​
Accretion of asset retirement obligations | ​ | ​ | — | ​ | ​ | 42 | ​ | ​ | — | ​ | ​ | 42 | ​
Total operating expenses | ​ | ​ | 609,479 | ​ | ​ | 150,893 | ​ | ​ | 2,500 | ​ | ​ | 762,872 | ​
Operating loss | ​ | $ | (455,588) | ​ | ​ | (61,076) | ​ | ​ | (2,500) | ​ | ​ | (519,164) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Equity in earnings of unconsolidated affiliates | ​ | $ | 19,077 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 19,077 | ​
Total assets | ​ | $ | 4,347,932 | ​ | ​ | 1,184,095 | ​ | ​ | 249,332 | ​ | ​ | 5,781,359 | ​
Additions to property and equipment, net | ​ | $ | 54,659 | ​ | ​ | 13,324 | ​ | ​ | — | ​ | ​ | 67,983 | ​
​
(1) | Certain expenses that are not directly attributable to gathering and processing and water handling are managed and evaluated on a consolidated basis.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
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