Variable Interest Entities (Tables)

9 Months Ended

Sep. 30, 2019

Organization, Consolidation and Presentation of Financial Statements [Abstract]

The following table presents amounts included in the Company's Consolidated Balance Sheets that were for the use or obligation of CNXM:



	September 30,		December 31,
	2019		2018
Assets:
Cash	$	1,735	$	3,966
Receivables - Related Party	17,845		17,073
Receivables - Third Party	6,074		7,028
Other Current Assets	1,646		2,383
Property, Plant and Equipment, net	1,144,177		891,775
Operating Lease ROU Asset	6,281		—
Other Assets	3,508		3,203
Total Assets	$	1,181,266	$	925,428
Liabilities:
Accounts Payable and Accrued Liabilities	$	99,118	$	43,919
Accounts Payable - Related Party	3,788		4,980
Revolving Credit Facility	246,000		84,000
Long-Term Debt	393,925		393,215
Long-Term Operating Lease Liabilities	40		—
Total Liabilities	$	742,871	$	526,114

The following table summarizes CNXM's Consolidated Statements of Operations and Cash Flows, inclusive of affiliate amounts:



	For the Three Months Ended September 30,						For the Nine Months Ended September 30,
	2019			2018			2019			2018
Revenue
Gathering Revenue - Related Party	$	55,453		$	41,022		$	168,434		$	116,328
Gathering Revenue - Third Party	18,523			19,946			55,862			69,523
Total Revenue	73,976			60,968			224,296			185,851
Expenses
Operating Expense - Related Party	6,105			5,131			18,167			14,645
Operating Expense - Third Party	5,612			4,870			17,774			20,744
General and Administrative Expense - Related Party	3,573			3,060			11,567			10,292
General and Administrative Expense - Third Party	1,236			1,771			4,136			6,639
Loss on Asset Sales and Abandonments	—			—			7,229			2,501
Depreciation Expense	6,184			5,306			17,694			16,605
Interest Expense	7,601			7,255			22,625			16,863
Total Expense	30,311			27,393			99,192			88,289
Net Income	$	43,665		$	33,575		$	125,104		$	97,562

Net Cash Provided by Operating Activities	$	51,014		$	35,666		$	175,680		$	131,207
Net Cash Used in Investing Activities	$	(68,289	)	$	(44,241	)	$	(251,156	)	$	(79,366	)
Net Cash Provided by (Used in) Financing Activities	$	7,333		$	8,818		$	73,245		$	(54,085	)

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

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