SEGMENT INFORMATION (Tables)

3 Months Ended

Mar. 31, 2022


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

	(in thousands)
Three Months Ended March 31, 2022

Revenues - Outside	$	274,696	$	145,299	$	30,961	$	—	$	9,907	$	460,863
Revenues - Intercompany		—		—		—		15,167		(15,167)		—
Total revenues (1)		274,696		145,299		30,961		15,167		(5,260)		460,863

Segment Adjusted EBITDA Expense (2)		177,589		83,715		3,001		4,819		(7,944)		261,180
Segment Adjusted EBITDA (3)		78,215		51,103		28,552		10,348		2,686		170,904
Total assets		704,627		425,929		650,794		291,153		153,044		2,225,547
Capital expenditures		36,547		18,345		—		—		4,261		59,153

Three Months Ended March 31, 2021

Revenues - Outside	$	190,934	$	108,619	$	14,020	$	—	$	5,049	$	318,622
Revenues - Intercompany		—		—		—		11,301		(11,301)		—
Total revenues (1)		190,934		108,619		14,020		11,301		(6,252)		318,622

Segment Adjusted EBITDA Expense (2)		125,581		73,726		2,058		4,028		(7,676)		197,717
Segment Adjusted EBITDA (3)		57,673		31,506		11,946		7,273		1,423		109,821
Total assets		740,945		442,595		609,108		294,333		64,199		2,151,180
Capital expenditures		16,401		11,666		—		—		3,370		31,437

(1)	Revenues included in the Other, Corporate and Elimination column are attributable to intercompany eliminations, which are primarily intercompany coal royalty 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):


	Three Months Ended
	March 31,
	2022		2021

	(in thousands)
Segment Adjusted EBITDA Expense	$	261,180	$	197,717
Other income (expense)		566		(1,197)
Operating expenses (excluding depreciation, depletion and amortization)	$	261,746	$	196,520

(3)

Segment Adjusted EBITDA is defined as net income attributable to ARLP before net interest expense, income taxes, depreciation, depletion and amortization, and general and administrative expenses. 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 Expense to operating expenses (excluding depreciation, depletion and amortization)


	Three Months Ended
	March 31,
	2022		2021

	(in thousands)
Segment Adjusted EBITDA Expense	$	261,180	$	197,717
Other income (expense)		566		(1,197)
Operating expenses (excluding depreciation, depletion and amortization)	$	261,746	$	196,520

Reconciliation of consolidated Segment Adjusted EBITDA to net income


	Three Months Ended
	March 31,
	2022		2021

	(in thousands)
Consolidated Segment Adjusted EBITDA	$	170,904	$	109,821
General and administrative		(18,596)		(15,504)
Depreciation, depletion and amortization		(63,314)		(59,202)
Interest expense, net		(9,627)		(10,379)
Income tax (expense) benefit		(42,715)		12
Net income attributable to ARLP	$	36,652	$	24,748
Noncontrolling interest		290		78
Net income	$	36,942	$	24,826