Revenue from Contracts with Customers (Tables)

6 Months Ended

Jun. 30, 2019

Revenue from Contract with Customer [Abstract]

Summary of Revenue from Contracts with Customers Table

The following table summarizes revenue from contracts with customers:

	Three Months Ended   June 30,					Six Months Ended   June 30,
thousands	2019		2018			2019			2018
Revenue from customers
Service revenues – fee based	$	593,544	$	431,861		$	1,173,518		$	825,634
Service revenues – product based	16,675		22,662			36,054			46,085
Product sales	74,469		64,687			147,269			149,555
Total revenue from customers	684,688		519,210			1,356,841			1,021,274
Revenue from other than customers
Net gains (losses) on commodity price swap agreements	—		(1,372		)	(667		)	(2,615		)
Other	366		240			763			473
Total revenues and other	$	685,054	$	518,078		$	1,356,937		$	1,019,132

 

Contract Assets and Liabilities Activity Tables

The following table summarizes the current period activity related to contract liabilities from contracts with customers:

thousands
Balance at December 31, 2018	$	145,624
Cash received or receivable, excluding revenues recognized during the period	28,588
Revenues recognized that were included in the contract liability balance at the beginning of the period	(10,183		)
Balance at June 30, 2019	$	164,029
Contract liabilities at June 30, 2019
Accrued liabilities	$	6,620
Other liabilities	157,409
Total contract liabilities from contracts with customers	$	164,029

The following table summarizes the current period activity related to contract assets from contracts with customers:

thousands
Balance at December 31, 2018	$	47,621
Amounts transferred to Accounts receivable, net that were included in the contract assets balance at the beginning of the period	(1,574		)
Additional estimated revenues recognized	9,951
Balance at June 30, 2019	$	55,998
Contract assets at June 30, 2019
Other current assets	$	12,501
Other assets	43,497
Total contract assets from contracts with customers	$	55,998

Expected Revenue Recognition from Satisfaction of Performance Obligations Table

Therefore, the following table represents only a portion of expected future revenues from existing contracts as most future revenues from customers are dependent on future variable customer volumes and, in some cases, variable commodity prices for those volumes.

thousands
Remainder of 2019	$	380,239
2020	873,259
2021	912,081
2022	962,556
2023	918,095
Thereafter	4,340,666
Total	$	8,386,896