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SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED) (Tables)
12 Months Ended
Dec. 31, 2015
SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)  
Summary of consolidated quarterly operating results

 

A summary of our consolidated quarterly operating results in 2015 and 2014 is as follows:

 

 

 

Quarter Ended

 

 

March 31,
2015

 

June 30,
2015

 

September 30,
2015 (1)

 

December 31,
2015 (1)

 

 

(in thousands, except unit and per unit data)

 

 

 

 

 

 

 

 

 

 

Revenues

 

$

560,300

 

$

604,619

 

$

566,342

 

$

542,050 

 

Income from operations

 

122,937

 

123,931

 

106,706

 

5,841 

 

Income before income taxes

 

105,932

 

94,265

 

82,874

 

21,108 

 

Net income of AHGP

 

65,530

 

60,950

 

56,097

 

28,735 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted net income per limited partner unit

 

$

1.09

 

$

1.02

 

$

0.94

 

 

$    0.48

 

 

 

 

 

 

 

 

 

 

 

Weighted-average number of units outstanding – basic and diluted

 

59,863,000

 

59,863,000

 

59,863,000

 

59,863,000 

 

 

 

 

Quarter Ended

 

 

March 31,
2014

 

June 30,
2014 (1)

 

September 30,
2014

 

December 31,
2014

 

 

(in thousands, except unit and per unit data)

 

 

 

 

 

 

 

 

 

 

Revenues

 

$

541,934

 

$

598,464

 

$

569,230

 

$

590,696

 

Income from operations

 

128,945

 

152,439

 

125,225

 

133,055

 

Income before income taxes

 

115,336

 

137,058

 

117,690

 

122,585

 

Net income of AHGP

 

67,447

 

77,347

 

68,549

 

71,008

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted net income per limited partner unit

 

$

1.13

 

$

1.29

 

$

1.15

 

$

1.19

 

 

 

 

 

 

 

 

 

 

 

Weighted-average number of units outstanding – basic and diluted

 

59,863,000

 

59,863,000

 

59,863,000

 

59,863,000

 

 

(1)

The comparability of the December 31, 2015 quarterly results to other quarters presented was affected by $89.4 million of asset impairment charges relating to the Onton mine, MC Mining mine and a surrendered lease (Note 4 - Long-Lived Asset Impairments), which was partially offset by a $22.5 million net gain relating to final business combination accounting for the Hamilton Acquisition (Note 3 – Acquisitions).  An impairment charge of $10.7 million impacted the comparability of the September 30, 2015 quarterly results to other quarters presented.  The comparability of the June 30, 2014 quarterly results to other quarters presented was affected by a $7.0 million insurance settlement related to adverse geological events at the Onton mine in 2013 and a gain of $4.4 million recognized on the sale of Pontiki’s assets.