Annual report pursuant to Section 13 and 15(d)

Investments in Unconsolidated Affiliates (Tables)

v3.20.4
Investments in Unconsolidated Affiliates (Tables)
12 Months Ended
Dec. 31, 2020
Investments in Unconsolidated Affiliates  
Schedule of reconciliation of investments in unconsolidated affiliates

Antero

Total Investment

Midstream

MarkWest

in Unconsolidated

(in thousands)

    

Partners LP

    

Stonewall

    

Joint Venture

    

Affiliates

Balance at December 31, 2018

$

43,492

43,492

Distributions from unconsolidated affiliates

(43,492)

(43,492)

Balance at March 12, 2019

Investments in unconsolidated affiliates acquired from Antero Midstream Partners

142,071

426,214

568,285

Additional Investments

154,359

154,359

Equity in earnings of unconsolidated affiliates (1)

4,117

47,198

51,315

Distributions from unconsolidated affiliates

(5,730)

(58,590)

(64,320)

Balance at December 31, 2019

140,458

569,181

709,639

Additional investments

25,267

25,267

Equity in earnings of unconsolidated affiliates (1)

6,924

79,506

86,430

Distributions from unconsolidated affiliates

(9,750)

(89,108)

(98,858)

Balance at December 31, 2020

$

137,632

584,846

722,478

(1)

As adjusted for the amortization of the difference between the cost of the equity investments in Stonewall and the Joint Venture and the amount of the underlying equity in the net assets of Stonewall and the Joint Venture as of the closing date of the Transaction.

Schedule of summarized financial information for unconsolidated affiliates

Combined Balance Sheets

December 31,

(in thousands)

    

2019

2020

Current assets

$

61,641

85,386

Noncurrent assets

1,660,401

1,652,196

Total assets

$

1,722,042

1,737,582

Current liabilities

$

33,912

9,242

Noncurrent liabilities

5,521

5,225

Noncontrolling interest

175,021

169,218

Partners' capital

1,507,588

1,553,897

Total liabilities and partners' capital

$

1,722,042

1,737,582

Statements of Combined Operations

Year Ended December 31,

(in thousands)

    

2018

    

2019

    

2020

Revenues

$

189,222

254,868

321,880

Operating expenses

75,250

105,218

122,660

Income from operations

113,972

149,650

199,220

Net income attributable to unconsolidated affiliates, including noncontrolling interest

123,635

173,265

230,564

Net income attributable to unconsolidated affiliates

131,626

181,448

238,991