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Business Transactions (Tables)

9 Months Ended

Sep. 30, 2024

Business Transactions

Summary of fair values of assets acquired and liabilities assumed

The following table summarizes the preliminary purchase price allocation based on the estimated fair values of the assets acquired and liabilities assumed as of the acquisition date:

​

​	​	​	​
(in thousands)		​	​
Cash		$	2,498
Accounts receivable	​	​	9,694
Inventory	​	​	6,944
Other current assets	​	​	495
Property, plant and equipment	​	​	872,053
Operating lease right-of-use assets	​	​	1,424
Goodwill	​	​	116,937
Intangible assets	​	​	52,775
Other assets	​	​	4,032
Accounts payable, trade	​	​	(48,609)
Accrued liabilities	​	​	(4,666)
Operating lease liabilities	​	​	(1,424)
Other liabilities	​	​	(4,032)
Purchase price	​	$	1,008,121

Schedule of transaction-related costs incurred by cost type

​

​	​	​	​	​	​	​
​	​	Three months ended		​	Nine months ended
(in thousands)	​	September 30, 2024			September 30, 2024
Professional fees (1)	​	$	8,762	​	$	10,544
Compensation-related costs (2)	​	​	363	​	​	363
Other costs	​	​	95	​	​	95
Total transaction-related costs	​	$	9,220	​	$	11,002

(1) Professional fees include legal, advisory, consulting and other fees.

(2) Compensation-related costs include amounts related to employee retention and other compensation related arrangements associated with the acquisition. Payments are due and payable at various times up to and including the two-year anniversary of the TOPS Acquisition.

Schedule of pro forma financial information

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​

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Three Months Ended

​

Nine Months Ended

​

​

September 30,

​

September 30,

(in thousands)

2024

2023

2024

2023

Revenue

​

$

321,775

​

$

282,657

​

$

940,244

​

$

806,243

Net income attributable to Archrock stockholders

​

​

49,494

​

​

29,318

​

​

133,164

​

​

50,791

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Tabular disclosure of a transaction-related costs in a business combination.

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Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (h)(2)
-SubTopic 10
-Topic 805
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479328/805-10-50-2

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Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts.

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