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Variable Interest Entities (Tables) | 6 Months Ended
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Jun. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Schedule of Variable Interest Entities | The following table presents amounts included in the Company's Consolidated Balance Sheet that were for the use or obligation of CNXM as of June 30, 2018:
| June 30, 2018
Assets: |
Cash | $ | 707 |
Receivables - Related Party | 12,072 |
Receivables - Third Party | 7,546 |
Other Current Assets | 2,726 |
Property, Plant and Equipment, net | 792,513 |
Other Assets | 3,494 |
Total Assets | $ | 819,058 |
Liabilities: |
Accounts Payable | $ | 38,327 |
Accounts Payable - Related Party | 3,211 |
Revolving Credit Facility | 11,000 |
Long-Term Debt | 393,169 |
Total Liabilities | $ | 445,707 |
The following table summarizes CNXM's Consolidated Statements of Operations and Cash Flows for the three and six months ended June 30, 2018, inclusive of affiliate amounts:
| For the Three Months Ended |  | For the Six Months Ended
| June 30, 2018 |  | June 30, 2018
Revenue |  |  |
Gathering Revenue - Related Party | $ | 37,576 |  |  | $ | 75,306 |
Gathering Revenue - Third Party | 23,438 |  |  | 49,577 |
Total Revenue | 61,014 |  |  | 124,883 |
Expenses |  |  |
Operating Expense - Related Party | 5,079 |  |  | 9,514 |
Operating Expense - Third Party | 7,406 |  |  | 15,874 |
General and Administrative Expense - Related Party | 3,619 |  |  | 7,232 |
General and Administrative Expense - Third Party | 2,320 |  |  | 4,868 |
(Gain) Loss on Asset Sales | (254 | ) |  | 2,501 |
Depreciation Expense | 5,443 |  |  | 11,299 |
Interest Expense | 7,119 |  |  | 9,608 |
Total Expense | 30,732 |  |  | 60,896 |
Net Income | $ | 30,282 |  |  | $ | 63,987 |
Net Cash Provided by Operating Activities | $ | 53,674 |  |  | $ | 95,541 |
Net Cash Used in Investing Activities | $ | (24,969 | ) |  | $ | (35,125 | )
Net Cash Used in Financing Activities | $ | (29,964 | ) |  | $ | (62,903 | )
The following transactions were included in Other Operating Income and Transportation, Gathering and Compression within the Consolidated Statements of Income:
| For the Three Months Ended |  | For the Six Months Ended
| June 30, 2017 |  | June 30, 2017
Other Operating Income: |  |  |
Equity in Earnings of Affiliates - CNX Gathering | $ | 284 |  |  | $ | 2,150 |
Equity in Earnings of Affiliates - CNXM | $ | 9,712 |  |  | $ | 19,784 |
Transportation, Gathering and Compression: |  |  |
Gathering Services - CNX Gathering | $ | 232 |  |  | $ | 485 |
Gathering Services - CNXM | $ | 31,695 |  |  | $ | 65,749 |
Investments in and Advances to Affiliates | The following is a summary of the Company's Investment in Affiliates balances included within the Consolidated Balance Sheets associated with CNX Gathering and CNXM, respectively:
| CNX Gathering |  | CNXM |  | Total
Balance at December 31, 2016 | $ | 151,075 |  |  | $ | 18,133 |  |  | $ | 169,208 |
Equity in Earnings | 9,823 |  |  | 38,523 |  |  | 48,346 |
Distributions | (17,254 | ) |  | (24,929 | ) |  | (42,183 | )
Asset Transfer | (2,527 | ) |  | 2,527 |  |  | — |
Balance at December 31, 2017 | $ | 141,117 |  |  | $ | 34,254 |  |  | $ | 175,371 |

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- Definition Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 5A -URI http://asc.fasb.org/extlink&oid=108788376&loc=SL6759159-111685 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=108788376&loc=d3e5747-111685 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=108788376&loc=SL6228884-111685 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=108788376&loc=d3e5710-111685 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=108788376&loc=d3e5728-111685 + Details
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