Variable Interest Entities (Tables)

3 Months Ended

Mar. 31, 2020

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:


	March 31,		December 31,
	2020		2019
Assets:
Cash	$	5,235	$	31
Receivables - Related Party	21,714		21,076
Receivables - Third Party	4,980		7,935
Other Current Assets	2,064		1,976
Property, Plant and Equipment, net	1,200,544		1,195,591
Operating Lease ROU Asset	3,225		4,731
Other Assets	2,945		3,262
Total Assets	$	1,240,707	$	1,234,602
Liabilities:
Accounts Payable and Accrued Liabilities	$	32,223	$	67,290
Accounts Payable - Related Party	51,688		4,787
Revolving Credit Facility	347,000		311,750
Long-Term Debt	394,399		394,162
Long-Term Liabilities - Related Party	85,000		—
Total Liabilities	$	910,310	$	777,989

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


	For the Three Months Ended March 31,
	2020		2019
Revenue
Gathering Revenue - Related Party	$	62,178	$	53,776
Gathering Revenue - Third Party	17,953		18,443
Miscellaneous Income	65		—
Total Revenue	80,196		72,219
Expenses
Operating Expense - Related Party	3,828		5,548
Operating Expense - Third Party	8,596		5,974
General and Administrative Expense - Related Party	2,857		3,967
General and Administrative Expense - Third Party	2,765		1,536
(Gain) Loss on Asset Sales and Abandonments	(11)		7,229
Depreciation Expense	7,578		5,650
Interest Expense	8,793		7,339
Total Expense	34,406		37,243
Net Income	$	45,790	$	34,976

Net Cash Provided by Operating Activities	$	40,123	$	49,913
Net Cash Used in Investing Activities	$	(32,659)	$	(78,557)
Net Cash (Used in) Provided by Financing Activities	$	(2,260)	$	24,748

- 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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