SEGMENT INFORMATION (Tables)

3 Months Ended

Mar. 31, 2020


	Illinois						Other and		Elimination
	Basin		Appalachia		Minerals		Corporate		(1)		Consolidated
	(in thousands)
Three Months Ended March 31, 2020

Revenues - Outside	$	203,872	$	128,103	$	14,263	$	4,525	$	—	$	350,763
Revenues - Intercompany		—		—		—		2,859		(2,859)		—
Total revenues (2)		203,872		128,103		14,263		7,384		(2,859)		350,763

Segment Adjusted EBITDA Expense (3)		149,987		79,710		883		4,642		(524)		234,698
Segment Adjusted EBITDA (4)		50,029		47,510		13,755		2,742		(2,335)		111,701
Total assets		1,189,486		514,988		637,774		496,743		(442,570)		2,396,421
Capital expenditures		26,229		23,571		—		564		—		50,364

Three Months Ended March 31, 2019

Revenues - Outside	$	345,399	$	159,404	$	10,728	$	11,071	$	—	$	526,602
Revenues - Intercompany		3,997		—		—		3,091		(7,088)		—
Total revenues (2)		349,396		159,404		10,728		14,162		(7,088)		526,602

Segment Adjusted EBITDA Expense (3)		197,422		99,749		1,827		8,706		(4,847)		302,857
Segment Adjusted EBITDA (4)		122,737		58,655		9,132		18,361		(2,241)		206,644
Total assets		1,434,235		468,904		510,076		450,547		(378,632)		2,485,130
Capital expenditures (5)		48,454		33,346		—		2,243		—		84,043

(1)

The elimination column represents the elimination of intercompany transactions and is primarily comprised of sales from the Matrix Group to our mining operations, coal sales and purchases between operations within different segments, sales of receivables to AROP Funding, financing between segments and insurance premiums paid to Wildcat Insurance.

(2)	Revenues included in the Other and Corporate column are primarily attributable to the Matrix Group revenues, administrative service revenues from affiliates, Wildcat Insurance revenues and brokerage coal sales.

(3)	Segment Adjusted EBITDA Expense includes operating expenses, coal purchases and other income. Transportation expenses are excluded as transportation revenues are recognized in an amount equal to transportation expenses when title passes to the customer.

Reconciliation of consolidated Segment Adjusted EBITDA Expense to operating expenses (excluding depreciation, depletion and amortization)


	Three Months Ended
	March 31,
	2020		2019
	(in thousands)
Segment Adjusted EBITDA Expense	$	234,698	$	302,857
Other expense		(356)		(129)
Operating expenses (excluding depreciation, depletion and amortization)	$	234,342	$	302,728

(4)

Segment Adjusted EBITDA is defined as net income attributable to ARLP before net interest expense, income taxes, depreciation, depletion and amortization, general and administrative expenses, settlement gain, asset and goodwill impairments and acquisition gain. Management therefore is able to focus solely on the evaluation of segment operating profitability as it relates to our revenues and operating expenses, which are primarily controlled by our segments. Consolidated Segment Adjusted EBITDA is reconciled to net income as follows:

Reconciliation of consolidated Segment Adjusted EBITDA to net income


	Three Months Ended
	March 31,
	2020		2019
	(in thousands)
Consolidated Segment Adjusted EBITDA	$	111,701	$	206,644
General and administrative		(13,438)		(17,812)
Depreciation, depletion and amortization		(73,921)		(71,139)
Asset impairments		(24,977)		—
Goodwill impairment		(132,026)		—
Interest expense, net		(12,227)		(11,331)
Acquisition gain		—		177,043
Income tax benefit		105		106
Acquisition gain attributable to noncontrolling interest		—		(7,083)
Net (loss) income attributable to ARLP	$	(144,783)	$	276,428
Noncontrolling interest		76		7,176
Net (loss) income	$	(144,707)	$	283,604

(5)	Capital Expenditures shown exclude the AllDale Acquisition which occurred in the first quarter of 2019.