XML 84 R32.htm IDEA: XBRL DOCUMENT v3.19.3
Acquisitions and Dispositions (Tables)
9 Months Ended
Sep. 30, 2019
Business Combinations [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
Fair Value of Consideration Transferred:
 
Amount
Cash Consideration
$
305,000

CNX Gathering Cash on Hand at January 3, 2018 Distributed to Noble
2,620

Fair Value of Previously Held Equity Interest
799,033

Total Estimated Fair Value of Consideration Transferred
$
1,106,653





















The following is a summary of the fair values of the net assets acquired:
Fair Value of Assets Acquired:
Amount
Cash and Cash Equivalents
$
8,348

Accounts and Notes Receivable
21,199

Prepaid Expense
2,006

Other Current Assets
163

Property, Plant and Equipment, Net
1,043,340

Intangible Assets
128,781

Other
593

Total Assets Acquired
1,204,430

 
 
Fair Value of Liabilities Assumed:
 
Accounts Payable
26,059

CNXM Revolving Credit Facility
149,500

Total Liabilities Assumed
175,559

 
 
Total Identifiable Net Assets
1,028,871

Fair Value of Noncontrolling Interest in CNXM
(718,577
)
Goodwill
796,359

Net Assets Acquired
$
1,106,653


Schedule of Pro Forma Information
Post-Acquisition Operating Results (Midstream Acquisition)

The Midstream Acquisition contributed the following to the Company's Midstream segment:
 
Three Months Ended
 
Nine Months Ended
September 30,
 
September 30,
 
2019
 
2018
 
2019
 
2018
Midstream Revenue
$
74,261

 
$
61,372

 
$
225,280

 
$
186,875

Earnings Before Income Tax
$
41,741

 
$
31,173

 
$
118,739

 
$
94,502