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Business Transactions (Tables)
12 Months Ended
Dec. 31, 2024
Business Transactions  
Summary of fair values of assets acquired and liabilities assumed

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

(in thousands)

      

Cash

      

$

2,498

Accounts receivable

9,737

Inventory

7,346

Other current assets

495

Property, plant and equipment

912,877

Operating lease right-of-use assets

1,424

Goodwill

52,155

Intangible assets

76,228

Other assets

4,032

Accounts payable, trade

(48,946)

Accrued liabilities

(4,667)

Operating lease liabilities

(1,424)

Other liabilities

(4,032)

Purchase price

$

1,007,723

Schedule of transaction-related costs incurred by cost type

Year ended

(in thousands)

December 31, 2024

Professional fees (1)

$

11,387

Compensation-related costs (2)

1,553

Other costs

309

Total transaction-related costs

$

13,249

(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

Year Ended

December 31, 

(in thousands)

    

2024

    

2023

Revenue

$

1,266,659

$

1,099,080

Net income attributable to Archrock stockholders

191,434

78,554