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ACQUISITIONS AND DROP DOWN TRANSACTIONS (Tables)
12 Months Ended
Dec. 31, 2017
Business Combinations [Abstract]  
Fair Value of Assets Acquired and Liabilities Assumed

The fair values of the assets acquired and liabilities assumed as of February 15, 2013, were as follows (in thousands):

Purchase price assigned to Meadowlark Midstream

 

 

 

 

 

$

25,376

 

Current assets

 

$

2,227

 

 

 

 

 

Property, plant and equipment

 

 

18,795

 

 

 

 

 

Other noncurrent assets

 

 

4,354

 

 

 

 

 

Total assets acquired

 

 

25,376

 

 

 

 

 

Total liabilities assumed

 

$

 

 

 

 

 

Net identifiable assets acquired

 

 

 

 

 

$

25,376

 

 

Business Combination, Revenue and Net Income Disclosures

Revenues and net income for the previously separate entities and the combined amounts, as presented in these consolidated financial statements follow.

 

 

 

Year ended December 31,

 

 

 

2016

 

 

2015

 

 

 

(In thousands)

 

SMLP revenues

 

$

393,495

 

 

$

358,046

 

2016 Drop Down Assets revenues (1)

 

 

8,867

 

 

 

29,238

 

Polar and Divide revenues (1)

 

 

 

 

 

13,273

 

Combined revenues

 

$

402,362

 

 

$

400,557

 

 

 

 

 

 

 

 

 

 

SMLP net loss

 

$

(40,932

)

 

$

(192,212

)

2016 Drop Down Assets net income (loss) (1)

 

 

2,745

 

 

 

(35,419

)

Polar and Divide net income (1)

 

 

 

 

 

5,403

 

Combined net loss

 

$

(38,187

)

 

$

(222,228

)

_______

(1) Results are fully reflected in SMLP's results of operations subsequent to closing the respective drop down.