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Consolidated Balance Sheets - WES Operating - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
[1]
Current assets    
Cash and cash equivalents $ 117,430 $ 92,142
Accounts receivable, net [2] 232,818 221,164
Other current assets [3] 42,990 31,458
Total current assets 393,238 344,764
Note receivable - Anadarko 260,000 260,000
Property, plant, and equipment    
Cost 12,109,923 11,258,773
Less accumulated depreciation 3,176,089 2,848,420
Net property, plant, and equipment 8,933,834 8,410,353
Goodwill 445,800 445,800
Other intangible assets 817,395 841,408
Equity investments 1,264,695 1,092,088
Other assets [4] 63,263 62,792
Total assets 12,178,225 11,457,205
Current liabilities    
Accounts and imbalance payables 273,579 443,343
Short-term debt [5] 8,128 28,000
Accrued ad valorem taxes 45,771 36,986
Accrued liabilities 269,394 129,148
Total current liabilities 596,872 637,477
Long-term liabilities    
Long-term debt 7,730,502 4,787,381
APCWH Note Payable [6] 0 427,493
Deferred income taxes 17,890 280,017
Asset retirement obligations 319,178 300,024
Other liabilities [7] 178,708 132,130
Total long-term liabilities 8,246,278 5,927,045
Total liabilities 8,843,150 6,564,522
Equity and partners' capital    
Common units and Class C units 3,182,917 951,888
Net investment by Anadarko 0 1,388,018
Total partners' capital 3,182,917 2,339,906
Noncontrolling interest 152,158 2,552,777
Total equity and partners' capital 3,335,075 4,892,683
Total liabilities, equity and partners' capital 12,178,225 11,457,205
WES Operating [Member]    
Current assets    
Cash and cash equivalents 115,946 90,448
Accounts receivable, net [8] 235,617 221,373
Other current assets [9] 40,140 30,583
Total current assets 391,703 342,404
Note receivable - Anadarko 260,000 260,000
Property, plant, and equipment    
Cost 12,109,923 11,258,773
Less accumulated depreciation 3,176,089 2,848,420
Net property, plant, and equipment 8,933,834 8,410,353
Goodwill 445,800 445,800
Other intangible assets 817,395 841,408
Equity investments 1,264,695 1,092,088
Other assets [10] 63,263 62,792
Total assets 12,176,690 11,454,845
Current liabilities    
Accounts and imbalance payables 273,579 443,343
Short-term debt [11] 8,128 0
Accrued ad valorem taxes 45,771 36,986
Accrued liabilities 269,233 127,874
Total current liabilities 596,711 608,203
Long-term liabilities    
Long-term debt 7,730,502 4,787,381
APCWH Note Payable [12] 0 427,493
Deferred income taxes 17,890 280,017
Asset retirement obligations 319,178 300,024
Other liabilities [13] 178,708 132,130
Total long-term liabilities 8,246,278 5,927,045
Total liabilities 8,842,989 6,535,248
Equity and partners' capital    
General partner units (zero and 2,583,068 units issued and outstanding at September 30, 2019, and December 31, 2018, respectively) [14] 0 206,862
Net investment by Anadarko 0 1,388,018
Total partners' capital 3,275,816 4,861,830
Noncontrolling interest 57,885 57,767
Total equity and partners' capital 3,333,701 4,919,597
Total liabilities, equity and partners' capital 12,176,690 11,454,845
WES Operating [Member] | Common Units [Member]    
Equity and partners' capital    
Common units and Class C units 3,275,816 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 $91.9 million and $72.6 million as of September 30, 2019, and December 31, 2018, respectively.
[3] Other current assets includes affiliate amounts of $0.8 million and $3.7 million as of September 30, 2019, and December 31, 2018, respectively.
[4]
Other assets includes affiliate amounts of $44.3 million and $42.2 million as of September 30, 2019, and December 31, 2018, respectively. Other assets also includes $3.6 million and $5.3 million of NGLs line fill as of September 30, 2019, and December 31, 2018, respectively.
[5]
As of September 30, 2019, all amounts are considered affiliate. See Note 11.
[6]
See Note 1 and Note 6.
[7] Other liabilities includes affiliate amounts of $87.0 million and $47.8 million as of September 30, 2019, and December 31, 2018, respectively.
[8]
Accounts receivable, net includes amounts receivable from affiliates (as defined in Note 1) of $94.7 million and $72.8 million as of September 30, 2019, and December 31, 2018, respectively.
[9]
Other current assets includes affiliate amounts of $0.8 million and $3.7 million as of September 30, 2019, and December 31, 2018, respectively.
[10]
Other assets includes affiliate amounts of $44.3 million and $42.2 million as of September 30, 2019, and December 31, 2018, respectively. Other assets also includes $3.6 million and $5.3 million of NGLs line fill as of September 30, 2019, and December 31, 2018, respectively.
[11]
As of September 30, 2019, all amounts are considered affiliate. See Note 11.
[12]
See Note 1 and Note 6.
[13]
Other liabilities includes affiliate amounts of $87.0 million and $47.8 million as of September 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.