Quarterly report pursuant to Section 13 or 15(d)

Business Combination (Tables)

v3.20.2
Business Combination (Tables)
9 Months Ended
Sep. 30, 2020
Business Combination  
Schedule of components of fair value of consideration transferred

The components of the fair value of consideration transferred are as follows (in thousands):

Fair value of shares of AM common stock issued(1)

    

$

4,017,881

Cash

598,709

Total fair value of consideration transferred

$

4,616,590

(1) The fair value of each share of AM common stock issued in connection with the Transactions was determined to be $12.54, the closing price of AMGP common shares on March 12, 2019.
Schedule of estimated fair value of assets acquired and liabilities assumed

The final purchase price allocation of the Transactions are summarized in the table below. The fair value of assets acquired and liabilities assumed at March 12, 2019, were as follows (in thousands):

Cash and cash equivalents

    

$

619,532

Accounts receivable–Antero Resources

142,312

Accounts receivable–third party

117

Other current assets

1,150

Property and equipment, net

3,371,427

Investments in unconsolidated affiliates

568,285

Customer relationships

1,567,000

Other assets, net

42,887

Total assets acquired

6,312,710

Accounts payable–Antero Resources

3,316

Accounts payable–third party

30,674

Accrued liabilities

87,021

Other current liabilities

537

Long-term debt

2,364,935

Contingent acquisition consideration

116,924

Other liabilities

8,524

Total liabilities assumed

2,611,931

Net assets acquired, excluding goodwill

3,700,779

Goodwill

915,811

Net assets acquired

$

4,616,590