Annual report pursuant to Section 13 and 15(d)

Reporting Segments (Tables)

v3.20.4
Reporting Segments (Tables)
12 Months Ended
Dec. 31, 2020
Reporting Segments  
Schedule of operating results and assets of the Company's reportable segments

Gathering and

Water

Consolidated

(in thousands)

    

Processing

    

Handling

    

Unallocated (1)

Total

Year ended December 31, 2019

    

    

    

   

Revenues:

Revenue–Antero Resources

$

543,538

306,010

849,548

Revenue–third-party

50

50

Amortization of customer relationships

(29,850)

(27,160)

(57,010)

Total revenues

513,688

278,900

792,588

Operating expenses:

Direct operating

41,546

154,272

195,818

General and administrative (excluding equity-based compensation)

20,660

10,898

13,038

44,596

Equity-based compensation

5,561

2,130

65,826

73,517

Facility idling

11,401

11,401

Impairment of goodwill

340,350

340,350

Impairment of property and equipment

592

409,147

409,739

Impairment of customer relationships

11,871

11,871

Depreciation

39,652

55,874

95,526

Accretion and change in fair value of contingent acquisition consideration

8,076

8,076

Accretion of asset retirement obligations

187

187

Total operating expenses

108,011

1,004,206

78,864

1,191,081

Operating income (loss)

$

405,677

(725,306)

(78,864)

(398,493)

Equity in earnings of unconsolidated affiliates

$

51,315

51,315

Total assets

$

4,891,114

1,287,245

104,519

6,282,878

Additions to property and equipment

$

267,383

124,607

391,990

(1)

Certain expenses that are not directly attributable to gathering and processing and water handling are managed and evaluated on a consolidated basis.

Gathering and

Water

Consolidated

(in thousands)

    

Processing

    

Handling

    

Unallocated (1)

Total

Year ended December 31, 2020

Revenues:

Revenue–Antero Resources

$

711,459

259,932

971,391

Amortization of customer relationships

(37,086)

(33,586)

(70,672)

Total revenues

674,373

226,346

900,719

Operating expenses:

Direct operating

56,508

108,878

165,386

General and administrative (excluding equity-based compensation)

20,410

11,796

7,229

39,435

Equity-based compensation

9,489

2,388

901

12,778

Facility idling

15,219

15,219

Impairment of goodwill

575,461

575,461

Impairment of property and equipment

947

97,232

98,179

Depreciation

57,300

51,490

108,790

Accretion of asset retirement obligations

180

180

Loss on asset sale

2,689

240

2,929

Total operating expenses

722,804

287,423

8,130

1,018,357

Operating loss

$

(48,431)

(61,077)

(8,130)

(117,638)

Equity in earnings of unconsolidated affiliates

$

86,430

86,430

Total assets

$

4,364,848

1,125,318

120,746

5,610,912

Additions to property and equipment, net

$

157,931

38,793

196,724

(1)

Certain expenses that are not directly attributable to gathering and processing and water handling are managed and evaluated on a consolidated basis.