XML 110 R27.htm IDEA: XBRL DOCUMENT v2.4.0.8
Acquisitions, Disposition and Impairments (Table)
12 Months Ended
Dec. 31, 2013
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]  
Purchase Price Allocation
following table is a summary of the consideration paid in the Clearfield acquisition and the purchase price allocation for the fair value of the assets acquired and liabilities assumed at the acquisition date,:
Purchase Price Allocation (in thousands):
 
Purchase Price to Clearfield Energy, Inc. 
$
215,397

Total purchase price
$
215,397

Assets acquired:
 
Current assets
$
17,622

Assets held for disposition
19,358

Property, plant, and equipment
91,422

Goodwill
153,802

Intangibles
37,600

Liabilities assumed:
 
Current liabilities
(28,274
)
Liabilities held for disposition
(1,400
)
Deferred taxes
(65,228
)
Long term liabilities
(9,505
)
Total purchase price
$
215,397

Pro Forma
The following unaudited pro forma condensed financial data for the year ended December 31, 2012 and 2011 gives effect to the Clearfield acquisition as if it had occurred on January 1, 2011. The unaudited pro forma condensed financial information has been included for comparative purposes only and is not necessarily indicative of the results that might have occurred had the transactions taken place on the dates indicated and is not intended to be a projection of future results.
 
 
Year Ended
 
 
December 31, 2012
 
December 31, 2011
 
 
(in thousands except for per unit data)
Pro forma total revenues
 
$
1,897,199

 
$
2,266,868

Pro forma net loss
 
$
(39,021
)
 
$
(15,476
)
Pro forma net loss attributable to Crosstex Energy, Inc.
 
$
(14,762
)
 
$
(8,460
)
Pro forma net loss per common unit:
 
 
 
 
Basic and Diluted
 
$
(0.30
)
 
$
(0.18
)