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Consolidated Balance Sheets - WES Operating - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
[1]
Current assets    
Cash and cash equivalents $ 95,795 $ 92,142
Accounts receivable, net [2] 219,924 221,164
Other current assets [3] 20,466 27,056
Total current assets 336,185 340,362
Note receivable - Anadarko 260,000 260,000
Property, plant and equipment    
Cost 11,852,158 11,258,773
Less accumulated depreciation 3,058,512 2,848,420
Net property, plant and equipment 8,793,646 8,410,353
Goodwill 445,800 445,800
Other intangible assets 825,399 841,408
Equity investments 1,249,509 1,092,088
Other assets [4] 69,992 67,194
Total assets 11,980,531 11,457,205
Current liabilities    
Accounts and imbalance payables 240,568 443,343
Short-term debt [5] 8,381 28,000
Accrued ad valorem taxes 30,641 36,986
Accrued liabilities 219,726 129,148
Total current liabilities 499,316 637,477
Long-term liabilities    
Long-term debt 7,489,448 4,787,381
APCWH Note Payable [6] 0 427,493
Deferred income taxes 16,175 280,017
Asset retirement obligations 320,073 300,024
Other liabilities [7] 164,309 132,130
Total long-term liabilities 7,990,005 5,927,045
Total liabilities 8,489,321 6,564,522
Equity and partners' capital    
Common units and Class C units 3,338,646 951,888
Net investment by Anadarko 0 1,388,018
Total partners' capital 3,338,646 2,339,906
Noncontrolling interest 152,564 2,552,777
Total equity and partners' capital 3,491,210 4,892,683
Total liabilities, equity and partners' capital 11,980,531 11,457,205
WES Operating [Member]    
Current assets    
Cash and cash equivalents 95,342 90,448
Accounts receivable, net [8] 220,352 221,373
Other current assets [9] 19,794 26,181
Total current assets 335,488 338,002
Note receivable - Anadarko 260,000 260,000
Property, plant and equipment    
Cost 11,852,158 11,258,773
Less accumulated depreciation 3,058,512 2,848,420
Net property, plant and equipment 8,793,646 8,410,353
Goodwill 445,800 445,800
Other intangible assets 825,399 841,408
Equity investments 1,249,509 1,092,088
Other assets [10] 69,992 67,194
Total assets 11,979,834 11,454,845
Current liabilities    
Accounts and imbalance payables 240,568 443,343
Short-term debt [11] 8,381 0
Accrued ad valorem taxes 30,641 36,986
Accrued liabilities 219,193 127,874
Total current liabilities 498,783 608,203
Long-term liabilities    
Long-term debt 7,489,448 4,787,381
APCWH Note Payable [12] 0 427,493
Deferred income taxes 16,175 280,017
Asset retirement obligations 320,073 300,024
Other liabilities [13] 164,309 132,130
Total long-term liabilities 7,990,005 5,927,045
Total liabilities 8,488,788 6,535,248
Equity and partners' capital    
General partner units (zero and 2,583,068 units issued and outstanding at June 30, 2019, and December 31, 2018, respectively) [14] 0 206,862
Net investment by Anadarko 0 1,388,018
Total partners' capital 3,433,251 4,861,830
Noncontrolling interest 57,795 57,767
Total equity and partners' capital 3,491,046 4,919,597
Total liabilities, equity and partners' capital 11,979,834 11,454,845
WES Operating [Member] | Common Units [Member]    
Equity and partners' capital    
Common units and Class C units 3,433,251 2,475,540
WES Operating [Member] | Class C Units [Member]    
Equity and partners' capital    
Common units and Class C units [14] $ 0 $ 791,410
[1]
Financial information has been recast to include the financial position and results attributable to AMA. See Note 1 and Note 3.
[2]
Accounts receivable, net includes amounts receivable from affiliates (as defined in Note 1) of $96.3 million and $72.6 million as of June 30, 2019, and December 31, 2018, respectively.
[3]
Other current assets includes affiliate amounts of $11.1 million and $3.7 million as of June 30, 2019, and December 31, 2018, respectively.
[4]
Other assets includes affiliate amounts of $43.5 million and $42.2 million as of June 30, 2019, and December 31, 2018, respectively.
[5]
As of June 30, 2019, all amounts are considered affiliate. See Note 11.
[6]
See Note 1 and Note 6.
[7]
Other liabilities includes affiliate amounts of $75.1 million and $47.8 million as of June 30, 2019, and December 31, 2018, respectively.
[8]
Accounts receivable, net includes amounts receivable from affiliates (as defined in Note 1) of $96.7 million and $72.8 million as of June 30, 2019, and December 31, 2018, respectively.
[9]
Other current assets includes affiliate amounts of $11.1 million and $3.7 million as of June 30, 2019, and December 31, 2018, respectively.
[10]
Other assets includes affiliate amounts of $43.5 million and $42.2 million as of June 30, 2019, and December 31, 2018, respectively.
[11]
As of June 30, 2019, all amounts are considered affiliate. See Note 11.
[12]
See Note 1 and Note 6.
[13]
Other liabilities includes affiliate amounts of $75.1 million and $47.8 million as of June 30, 2019, and December 31, 2018, respectively.
[14]
Immediately prior to the closing of the Merger (as defined in Note 1), all outstanding general partner units converted into a non-economic general partner interest in WES Operating and WES Operating common units and all outstanding Class C units converted into WES Operating common units on a one-for-one basis.