XML 55 R43.htm IDEA: XBRL DOCUMENT v3.10.0.1

Variable Interest Entities (Tables)

6 Months Ended

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

X

- Definition

Tabular disclosure of investments in and advances to affiliates. Does not include the tabular disclosure of the disaggregation of investments in and advances to affiliates across legal entities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 946
-SubTopic 320
-Section S99
-Paragraph 6
-Subparagraph (SX 210.12-14)
-URI http://asc.fasb.org/extlink&oid=50485924&loc=d3e611322-123010

+ Details

Name:	us-gaap_InvestmentsInAndAdvancesToAffiliatesTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfVariableInterestEntitiesTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration