Revenue from Contracts with Customers (Tables)

12 Months Ended

Dec. 31, 2019

Revenue from Contract with Customer [Abstract]

Summary of Revenue from Contracts with Customers Table

The following table summarizes revenue from contracts with customers:

	Year Ended December 31,
thousands	2019			2018
Revenue from customers
Service revenues – fee based	$	2,388,191		$	1,905,728
Service revenues – product based	70,127			88,785
Product sales	287,055			310,895
Total revenue from customers	2,745,373			2,305,408
Revenue from other than customers
Net gains (losses) on commodity-price swap agreements	(667		)	(7,875		)
Other	1,468			2,125
Total revenues and other	$	2,746,174		$	2,299,658

 

Contract Assets and Liabilities Activity Tables

The following table summarizes 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	(4,841		)
Additional estimated revenues recognized	14,698
Cumulative catch-up adjustment for change in estimated consideration due to an annual cost-of-service rate update	9,879
Balance at December 31, 2019	$	67,357
Contract assets at December 31, 2019
Other current assets	$	7,129
Other assets	60,228
Total contract assets from contracts with customers	$	67,357

The following table summarizes 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	75,166
Revenues recognized that were included in the contract liability balance at the beginning of the period	(12,110		)
Cumulative catch-up adjustment for change in estimated consideration due to an annual cost-of-service rate update	13,594
Balance at December 31, 2019	$	222,274
Contract liabilities at December 31, 2019
Accrued liabilities	$	19,659
Other liabilities	202,615
Total contract liabilities from contracts with customers	$	222,274

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
2020	$	736,055
2021	776,068
2022	1,030,527
2023	973,799
2024	943,514
Thereafter	3,534,725
Total	$	7,994,688