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SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)
12 Months Ended
Dec. 31, 2016
SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)  
SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)

22.       SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)

 

A summary of our consolidated quarterly operating results in 2016 and 2015 is as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarter Ended

 

 

 

March 31, 

    

June 30, 

    

September 30, 

    

December 31, 

 

 

    

2016

    

2016

    

2016

    

2016

 

 

 

(in thousands, except unit and per unit data)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$

412,725

 

$

439,041

 

$

551,966

 

$

527,291

 

Income from operations

 

 

54,428

 

 

89,280

 

 

95,450

 

 

123,796

 

Income before income taxes

 

 

46,881

 

 

81,638

 

 

88,850

 

 

119,198

 

Net income of AHGP

 

 

30,842

 

 

45,373

 

 

48,507

 

 

61,212

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted net income per limited partner unit

 

$

0.52

 

$

0.76

 

$

0.81

 

$

1.02

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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, 

    

June 30, 

    

September 30, 

    

December 31, 

 

 

    

2015

    

2015

    

2015

    

2015

 

 

 

(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

 


(1)

The comparability of the December 31, 2015 quarterly results to other quarters presented was affected by $89.4 million of asset impairments 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.