Variable Interest Entities (Tables)

6 Months Ended

Jun. 30, 2019

Organization, Consolidation and Presentation of Financial Statements [Abstract]

The following table presents amounts included in the Company's Consolidated Balance Sheets that were for the use or obligation of CNXM:



	June 30,		December 31,
	2019		2018
Assets:
Cash	$	11,677	3,966
Receivables - Related Party	19,028		17,073
Receivables - Third Party	6,681		7,028
Other Current Assets	1,648		2,383
Property, Plant and Equipment, net	1,076,977		891,775
Operating Lease ROU Asset	7,875		—
Other Assets	3,731		3,203
Total Assets	$	1,127,617	$	925,428
Liabilities:
Accounts Payable and Accrued Liabilities	$	96,295	$	43,919
Accounts Payable - Related Party	3,425		4,980
Revolving Credit Facility	208,000		84,000
Long-Term Debt	393,688		393,215
Long-Term Operating Lease Liabilities	1,171		—
Total Liabilities	$	702,579	$	526,114

The following table summarizes CNXM's Consolidated Statements of Operations and Cash Flows, inclusive of affiliate amounts:



	For the Three Months Ended June 30,						For the Six Months Ended June 30,
	2019			2018			2019			2018
Revenue
Gathering Revenue - Related Party	$	59,205		$	37,576		$	112,981		$	75,306
Gathering Revenue - Third Party	18,896			23,438			37,339			49,577
Total Revenue	78,101			61,014			150,320			124,883
Expenses
Operating Expense - Related Party	6,514			5,079			12,062			9,514
Operating Expense - Third Party	6,188			7,406			12,162			15,874
General and Administrative Expense - Related Party	4,027			3,620			7,994			7,232
General and Administrative Expense - Third Party	1,364			2,319			2,900			4,868
(Gain) Loss on Asset Sales and Abandonments	—			(254		)	7,229			2,501
Depreciation Expense	5,860			5,443			11,510			11,299
Interest Expense	7,685			7,119			15,024			9,608
Total Expense	31,638			30,732			68,881			60,896
Net Income	$	46,463		$	30,282		$	81,439		$	63,987

Net Cash Provided by Operating Activities	$	74,753		$	53,674		$	124,666		$	95,541
Net Cash Used in Investing Activities	$	(104,310	)	$	(24,969	)	$	(182,867	)	$	(35,125	)
Net Cash Provided by (Used in) Financing Activities	$	41,164		$	(29,964	)	$	65,912		$	(62,903	)

- 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.

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