SEGMENT INFORMATION (Tables)

12 Months Ended

Dec. 31, 2021


	Coal Operations				Royalties				Other,
	Illinois								Corporate and
	Basin		Appalachia		Oil & Gas		Coal		Elimination		Consolidated

	(in thousands)
Year Ended December 31, 2021

Revenues - Outside	$	919,597	$	545,539	$	77,185	$	69	$	27,586	$	1,569,976
Revenues - Intercompany		—		—		—		51,402		(51,402)		—
Total revenues (1)		919,597		545,539		77,185		51,471		(23,816)		1,569,976

Segment Adjusted EBITDA Expense (2)		613,303		344,332		9,943		18,269		(33,198)		952,649
Segment Adjusted EBITDA (3)		265,292		172,601		68,774		33,202		9,383		549,252
Total assets		676,091		420,144		630,627		285,943		146,601		2,159,406
Capital expenditures (4)		60,166		47,577		—		45		15,196		122,984

Year Ended December 31, 2020

Revenues - Outside	$	769,957	$	500,330	$	43,141	$	105	$	14,596	$	1,328,129
Revenues - Intercompany		—		—		—		42,112		(42,112)		—
Total revenues (1)		769,957		500,330		43,141		42,217		(27,516)		1,328,129

Segment Adjusted EBITDA Expense (2)		543,264		320,656		4,106		18,249		(25,026)		861,249
Segment Adjusted EBITDA (3)		213,876		171,362		39,773		23,968		(2,490)		446,489
Total assets		738,315		440,815		613,916		288,525		84,445		2,166,016
Capital expenditures		48,636		70,960		—		12		1,493		121,101

Year Ended December 31, 2019

Revenues - Outside	$	1,219,601	$	644,389	$	53,036	$	23	$	44,671	$	1,961,720
Revenues - Intercompany		16,690		—		—		57,737		(74,427)		—
Total revenues (1)		1,236,291		644,389		53,036		57,760		(29,756)		1,961,720

Segment Adjusted EBITDA Expense (2)		791,795		424,387		7,811		21,445		(40,542)		1,204,896
Segment Adjusted EBITDA (3)		349,810		215,187		46,997		36,315		23,692		672,001
Total assets		1,092,188		489,378		643,213		292,436		69,479		2,586,694
Capital expenditures (4)		188,928		111,729		—		352		4,849		305,858

(1)	Revenues included in the Other, Corporate and Elimination column are attributable to intercompany eliminations, which are primarily the coal royalties intercompany eliminations, outside revenues at the Matrix Group and other outside miscellaneous sales and revenue activities.

(2)	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.

The following is a reconciliation of consolidated Segment Adjusted EBITDA Expense to Operating expenses (excluding depreciation, depletion and amortization):


	Year Ended December 31,
	2021		2020		2019

	(in thousands)
Segment Adjusted EBITDA Expense	$	952,649	$	861,249	$	1,204,896
Outside coal purchases		(6,372)		—		(23,357)
Other income (expense)		(3,020)		(1,593)		561
Operating expenses (excluding depreciation, depletion and amortization)	$	943,257	$	859,656	$	1,182,100

(3)

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 expense, 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 (loss) as follows:


	Year Ended December 31,
	2021		2020		2019

	(in thousands)
Consolidated Segment Adjusted EBITDA	$	549,252	$	446,489	$	672,001
General and administrative		(70,160)		(59,806)		(72,997)
Depreciation, depletion and amortization		(261,377)		(313,387)		(309,075)
Asset impairments		—		(24,977)		(15,190)
Goodwill impairment		—		(132,026)		—
Interest expense, net		(39,141)		(45,478)		(45,496)
Acquisition gain		—		—		177,043
Income tax (expense) benefit		(417)		(35)		211
Acquisition gain attributable to noncontrolling interest		—		—		(7,083)
Net income (loss) attributable to ARLP	$	178,157	$	(129,220)	$	399,414
Noncontrolling interest		598		169		7,512
Net income (loss)	$	178,755	$	(129,051)	$	406,926

(4)	Capital Expenditures shown exclude the AllDale Acquisition on January 3, 2019, the Wing Acquisition on August 2, 2019 and Boulders Acquisition on October 13, 2021 (Note 3 – Acquisitions).

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


	Year Ended December 31,
	2021		2020		2019

	(in thousands)
Segment Adjusted EBITDA Expense	$	952,649	$	861,249	$	1,204,896
Outside coal purchases		(6,372)		—		(23,357)
Other income (expense)		(3,020)		(1,593)		561
Operating expenses (excluding depreciation, depletion and amortization)	$	943,257	$	859,656	$	1,182,100

Reconciliation of consolidated Segment Adjusted EBITDA to net income


	Year Ended December 31,
	2021		2020		2019

	(in thousands)
Consolidated Segment Adjusted EBITDA	$	549,252	$	446,489	$	672,001
General and administrative		(70,160)		(59,806)		(72,997)
Depreciation, depletion and amortization		(261,377)		(313,387)		(309,075)
Asset impairments		—		(24,977)		(15,190)
Goodwill impairment		—		(132,026)		—
Interest expense, net		(39,141)		(45,478)		(45,496)
Acquisition gain		—		—		177,043
Income tax (expense) benefit		(417)		(35)		211
Acquisition gain attributable to noncontrolling interest		—		—		(7,083)
Net income (loss) attributable to ARLP	$	178,157	$	(129,220)	$	399,414
Noncontrolling interest		598		169		7,512
Net income (loss)	$	178,755	$	(129,051)	$	406,926