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SEGMENT INFORMATION (Tables)

9 Months Ended

Sep. 30, 2020


	Illinois						Other and		Elimination
	Basin		Appalachia		Minerals		Corporate		(1)		Consolidated

	(in thousands)
Three Months Ended September 30, 2020

Revenues - Outside	$	210,360	$	132,310	$	9,721	$	3,260	$	—	$	355,651
Revenues - Intercompany		—		—		—		2,810		(2,810)		—
Total revenues (2)		210,360		132,310		9,721		6,070		(2,810)		355,651

Segment Adjusted EBITDA Expense (3)		125,021		86,447		849		4,908		(475)		216,750
Segment Adjusted EBITDA (4)		81,617		43,358		8,898		1,163		(2,335)		132,701
Capital expenditures		3,815		14,541		—		219		—		18,575

Three Months Ended September 30, 2019

Revenues - Outside	$	276,042	$	164,414	$	14,177	$	10,093	$	—	$	464,726
Revenues - Intercompany		4,293		—		—		3,030		(7,323)		—
Total revenues (2)		280,335		164,414		14,177		13,123		(7,323)		464,726

Segment Adjusted EBITDA Expense (3)		173,779		107,990		2,517		9,878		(5,083)		289,081
Segment Adjusted EBITDA (4)		87,780		55,178		12,202		3,243		(2,240)		156,163
Capital expenditures		49,829		25,056		—		630		—		75,515

Nine Months Ended September 30, 2020

Revenues - Outside	$	552,019	$	367,523	$	31,831	$	10,243	$	—	$	961,616
Revenues - Intercompany		—		—		—		8,166		(8,166)		—
Total revenues (2)		552,019		367,523		31,831		18,409		(8,166)		961,616

Segment Adjusted EBITDA Expense (3)		383,486		240,116		2,851		13,697		(1,161)		638,989
Segment Adjusted EBITDA (4)		157,803		121,416		29,534		4,710		(7,005)		306,458
Total assets		1,082,992		470,261		616,491		468,590		(406,994)		2,231,340
Capital expenditures		44,073		57,798		—		949		—		102,820

Nine Months Ended September 30, 2019

Revenues - Outside	$	952,941	$	484,062	$	37,333	$	34,046	$	—	$	1,508,382
Revenues - Intercompany		12,463		—		—		9,229		(21,692)		—
Total revenues (2)		965,404		484,062		37,333		43,275		(21,692)		1,508,382

Segment Adjusted EBITDA Expense (3)		579,510		312,861		6,109		28,026		(14,971)		911,535
Segment Adjusted EBITDA (4)		306,592		167,612		32,432		28,155		(6,721)		528,070
Total assets		1,418,008		493,133		647,480		561,171		(492,703)		2,627,089
Capital expenditures (5)		157,759		79,389		—		3,994		—		241,142

(1)

The elimination column represents the elimination of intercompany transactions and is primarily comprised of sales from the Matrix Group to our mining operations, coal sales and purchases between operations within different segments, sales of receivables to AROP Funding, financing between segments and insurance premiums paid to Wildcat Insurance.

(2)	Revenues included in the Other and Corporate column are primarily attributable to the Matrix Group revenues, administrative service revenues from affiliates, Wildcat Insurance revenues and brokerage coal sales.

(3)	Segment Adjusted EBITDA Expense includes operating expenses, coal purchases and other income. Transportation expenses are excluded as transportation revenues are recognized in an amount equal to transportation expenses when title passes to the customer.

Reconciliation of consolidated Segment Adjusted EBITDA Expense to operating expenses (excluding depreciation, depletion and amortization)


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2020		2019		2020		2019

	(in thousands)
Segment Adjusted EBITDA Expense	$	216,750	$	289,081	$	638,989	$	911,535
Outside coal purchases		—		(10,599)		—		(15,910)
Other expense		(723)		(228)		(1,456)		(370)
Operating expenses (excluding depreciation, depletion and amortization)	$	216,027	$	278,254	$	637,533	$	895,255

(4)

Segment Adjusted EBITDA is defined as net income (loss) attributable to ARLP before net interest expense, income taxes, depreciation, depletion and amortization, general and administrative expenses, settlement gain, asset and goodwill impairments and acquisition gain. Management therefore is able to focus solely on the evaluation of segment operating profitability as it relates to our revenues and operating expenses, which are primarily controlled by our segments. Consolidated Segment Adjusted EBITDA is reconciled to net income as follows:

Reconciliation of consolidated Segment Adjusted EBITDA to net income


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2020		2019		2020		2019

	(in thousands)
Consolidated Segment Adjusted EBITDA	$	132,701	$	156,163	$	306,458	$	528,070
General and administrative		(13,871)		(17,885)		(41,131)		(55,218)
Depreciation, depletion and amortization		(80,182)		(72,348)		(237,662)		(220,400)
Asset impairments		—		(15,190)		(24,977)		(15,190)
Goodwill impairment		—		—		(132,026)		—
Interest expense, net		(11,156)		(11,606)		(34,799)		(33,510)
Acquisition gain		—		—		—		177,043
Income tax expense		(293)		(50)		(111)		(130)
Acquisition gain attributable to noncontrolling interest		—		—		—		(7,083)
Net income (loss) attributable to ARLP	$	27,199	$	39,084	$	(164,248)	$	373,582
Noncontrolling interest		36		117		97		7,407
Net income (loss)	$	27,235	$	39,201	$	(164,151)	$	380,989

(5)	Capital Expenditures shown exclude the AllDale Acquisition which occurred in January 2019 and Wing Acquisition which occurred in August 2019.