Antero midstream corporation (AM)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Mar'16
Revenue:
Amortization of customer relationships

17,605

17,832

28,863

8,534

1,781

-

-

-

-

-

-

-

-

-

Total revenue

243,708

239,067

243,795

255,618

54,108

-

37,816

33,145

-

23,772

19,067

15,328

11,553

1,850

Operating expenses:
Direct operating

48,728

55,030

61,808

63,998

14,982

-

-

-

-

-

-

-

-

-

General and administrative (including $11,423 and $3,338 of equity-based compensation in 2019 and 2020, respectively)

13,537

33,087

30,595

34,622

19,809

-5,447

2,229

2,398

9,560

279

615

3,203

2,104

40

Facility idling

8,678

-

1,512

-

-

-

-

-

-

-

-

-

-

-

Impairment of goodwill

575,461

-

43,759

-

-

-

-

-

-

-

-

-

-

-

Impairment of property and equipment

89,083

-

407,848

594

-

-

-

-

-

-

-

-

-

-

Impairment of customer relationships

-

-

5,871

-

-

-

-

-

-

-

-

-

-

-

Depreciation

27,343

26,969

24,460

36,447

7,650

-

-

-

-

-

-

-

-

-

Accretion and change in fair value of contingent acquisition consideration

-

2,753

1,977

2,297

1,049

-

-

-

-

-

-

-

-

-

Accretion of asset retirement obligations

42

54

54

69

10

-

-

-

-

-

-

-

-

-

Equity-based compensation

-

-

-

-

-

-

8,574

9,111

-

8,662

8,317

9,631

8,323

-

Total operating expenses

762,872

431,670

577,884

138,027

43,500

11,979

10,803

11,509

9,560

8,941

8,932

12,834

10,427

40

Operating income (loss)

-519,164

-192,603

-334,089

117,591

10,608

59,966

27,013

21,636

-9,560

-

10,135

2,494

-

-

Interest expense, net

-37,631

-36,530

-36,134

-31,521

-6,217

-

-68

-18

-

-

-

-

-

-

Equity in earnings of unconsolidated affiliates

19,077

16,334

18,478

13,623

2,880

43,492

37,816

33,145

28,453

23,772

19,067

15,328

11,553

1,850

Income (loss) before income taxes

-537,718

-212,799

-351,745

99,693

7,271

31,463

26,945

21,618

18,893

14,831

10,135

2,494

1,126

1,810

Provision for income tax benefit

-144,785

-68,240

-62,268

30,419

-2,377

22,251

8,917

7,231

-6,088

8,924

7,157

5,755

4,425

702

Net income (loss) and comprehensive income (loss)

-392,933

-

-

-

9,648

21,388

18,028

14,387

12,805

-

2,978

-3,261

-

-

Less net income attributable to Series B Units

-

-

-

-

-

3,719

598

506

413

784

-

-

-

-

Net income (loss) and comprehensive income (loss)

-

-

-289,477

69,274

-

-

-

-

12,392

5,907

-

1,640

-

-

Net income attributable to common shareholders

-

-

-

-

-

-

17,430

13,881

-

5,123

2,978

-1,621

-3,299

1,108

Net income (loss) per share-basic and diluted

-0.81

-0.41

-0.57

0.14

0.04

0.10

0.09

0.07

0.07

0.03

0.02

-0.01

-

-

Weighted average common shares outstanding:
Basic

483,103

503,448

506,419

506,816

253,877

-

186

-

186,188

-

186

-

-

-

Diluted

483,103

501,471

506,419

507,767

254,903

-

186,208

-

186,188

-

191,175

-

-

-

Weighted average number of common shares outstanding - basic and diluted

-

-

-

-

-

-

-

186

-

-

-

186

-

-

Natural Gas, Gathering, Transportation, Marketing and Processing - Affiliate
Revenue

163,129

165,360

175,719

168,925

33,534

-

-

-

-

-

-

-

-

-

Natural Gas Water Handling and Treatment - Affiliate
Revenue

98,184

91,539

96,939

95,181

22,351

-

-

-

-

-

-

-

-

-

Natural Gas Water Handling and Treatment
Revenue

-

0

0

46

4

-

-

-

-

-

-

-

-

-