XML 123 R12.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Consolidated Balance Sheets - WES Operating - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 99,962 $ 92,142
Accounts receivable, net [1] 260,512 221,164
Other current assets [2] 41,938 31,458
Total current assets 402,412 344,764
Note receivable - Anadarko 260,000 260,000
Property, plant, and equipment    
Cost 12,355,671 11,258,773
Less accumulated depreciation 3,290,740 2,848,420
Net property, plant, and equipment 9,064,931 8,410,353
Goodwill 445,800 445,800
Other intangible assets 809,391 841,408
Equity investments 1,285,717 1,092,088
Other assets [3] 78,202 62,792
Total assets 12,346,453 11,457,205
Current liabilities    
Accounts and imbalance payables 293,128 443,343
Short-term debt [4] 7,873 28,000
Accrued ad valorem taxes 35,160 36,986
Accrued liabilities [5] 149,793 129,148
Total current liabilities 485,954 637,477
Long-term liabilities    
Long-term debt 7,951,565 4,787,381
APCWH Note Payable [6] 0 427,493
Deferred income taxes 18,899 280,017
Asset retirement obligations 336,396 300,024
Other liabilities [7] 208,346 132,130
Total long-term liabilities 8,515,206 5,927,045
Total liabilities 9,001,160 6,564,522
Equity and partners' capital    
Common units and Class C units 3,209,947 951,888
General partner units (zero and 2,583,068 units issued and outstanding at December 31, 2019 and 2018, respectively) [8] (14,224) 0
Net investment by Anadarko 0 1,388,018
Total partners' capital 3,195,723 2,339,906
Noncontrolling interest 149,570 2,552,777
Total equity and partners' capital 3,345,293 4,892,683
Total liabilities, equity and partners' capital 12,346,453 11,457,205
WES Operating [Member]    
Current assets    
Cash and cash equivalents 98,122 90,448
Accounts receivable, net [9] 260,748 221,373
Other current assets [10] 39,914 30,583
Total current assets 398,784 342,404
Note receivable - Anadarko 260,000 260,000
Property, plant, and equipment    
Cost 12,355,671 11,258,773
Less accumulated depreciation 3,290,740 2,848,420
Net property, plant, and equipment 9,064,931 8,410,353
Goodwill 445,800 445,800
Other intangible assets 809,391 841,408
Equity investments 1,285,717 1,092,088
Other assets [11] 78,202 62,792
Total assets 12,342,825 11,454,845
Current liabilities    
Accounts and imbalance payables 293,128 443,343
Short-term debt [12] 7,873 0
Accrued ad valorem taxes 35,160 36,986
Accrued liabilities [13] 149,639 127,874
Total current liabilities 485,800 608,203
Long-term liabilities    
Long-term debt 7,951,565 4,787,381
APCWH Note Payable [14] 0 427,493
Deferred income taxes 18,899 280,017
Asset retirement obligations 336,396 300,024
Other liabilities [15] 208,346 132,130
Total long-term liabilities 8,515,206 5,927,045
Total liabilities 9,001,006 6,535,248
Equity and partners' capital    
General partner units (zero and 2,583,068 units issued and outstanding at December 31, 2019 and 2018, respectively) [16] 0 206,862
Net investment by Anadarko 0 1,388,018
Total partners' capital 3,286,620 4,861,830
Noncontrolling interest 55,199 57,767
Total equity and partners' capital 3,341,819 4,919,597
Total liabilities, equity and partners' capital 12,342,825 11,454,845
WES Operating [Member] | Common Units [Member]    
Equity and partners' capital    
Common units and Class C units 3,286,620 2,475,540
WES Operating [Member] | Class C Units [Member]    
Equity and partners' capital    
Common units and Class C units [16] $ 0 $ 791,410
[1]
Accounts receivable, net includes amounts receivable from affiliates (as defined in Note 1) of $113.3 million and $72.6 million as of December 31, 2019 and 2018, respectively.
[2] Other current assets includes affiliate amounts of $5.0 million and $3.7 million as of December 31, 2019 and 2018, respectively.
[3]
Other assets includes affiliate amounts of $60.2 million and $42.2 million as of December 31, 2019 and 2018, respectively. Other assets also includes $4.5 million and $5.3 million of NGLs line fill as of December 31, 2019 and 2018, respectively.
[4]
As of December 31, 2019, all amounts are considered affiliate. See Note 14.
[5]
Accrued liabilities includes affiliate amounts of $3.1 million and $2.2 million as of December 31, 2019 and 2018, respectively.
[6]
See Note 1 and Note 6.
[7]
Other liabilities includes affiliate amounts of $97.8 million and $47.8 million as of December 31, 2019 and 2018, respectively.
[8]
See Note 1.
[9]
Accounts receivable, net includes amounts receivable from affiliates (as defined in Note 1) of $113.6 million and $72.8 million as of December 31, 2019 and 2018, respectively.
[10]
Other current assets includes affiliate amounts of $5.0 million and $3.7 million as of December 31, 2019 and 2018, respectively.
[11]
Other assets includes affiliate amounts of $60.2 million and $42.2 million as of December 31, 2019 and 2018, respectively. Other assets also includes $4.5 million and $5.3 million of NGLs line fill as of December 31, 2019 and 2018, respectively.
[12]
As of December 31, 2019, all amounts are considered affiliate. See Note 14.
[13]
Accrued liabilities includes affiliate amounts of $3.1 million and $2.2 million as of December 31, 2019 and 2018, respectively.
[14]
See Note 1 and Note 6.
[15]
Other liabilities includes affiliate amounts of $97.8 million and $47.8 million as of December 31, 2019 and 2018, respectively.
[16]
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.