CONDENSED CONSOLIDATING FINANCIAL INFORMATION (Tables)

3 Months Ended

Mar. 31, 2018

Organization Consolidation And Presentation Of Financial Statements [Abstract]

Balance sheets as of March 31, 2018 and December 31, 2017 follow.

	March 31, 2018
	SMLP		Co-Issuers		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating adjustments			Total
	(In thousands)
Assets
Cash and cash equivalents	$	213	$	368	$	2,331	$	454	$	—		$	3,366
Accounts receivable		22		—		60,378		8,411		—			68,811
Other current assets		1,194		—		1,955		386		—			3,535
Due from affiliate		—		—		500,061		37,581		(537,642	)		—
Total current assets		1,429		368		564,725		46,832		(537,642	)		75,712
Property, plant and equipment, net		4,063		—		1,504,830		349,419		—			1,858,312
Intangible assets, net		—		—		271,504		22,267		—			293,771
Goodwill		—		—		16,211		—		—			16,211
Investment in equity method investees		—		—		—		682,227		—			682,227
Other noncurrent assets		2,768		10,286		99		—		—			13,153
Investment in subsidiaries		2,041,996		3,361,858		—		—		(5,403,854	)		—
Total assets	$	2,050,256	$	3,372,512	$	2,357,369	$	1,100,745	$	(5,941,496	)	$	2,939,386

Liabilities and Partners' Capital
Trade accounts payable	$	56	$	—	$	16,822	$	4,354	$	—		$	21,232
Accrued expenses		940		—		11,607		1,424		—			13,971
Due to affiliate		314,554		223,531		—		—		(537,642	)		443
Deferred revenue		—		—		9,722		437		—			10,159
Ad valorem taxes payable		5		—		3,693		136		—			3,834
Accrued interest		—		15,383		—		—		—			15,383
Accrued environmental remediation		—		—		—		3,068		—			3,068
Other current liabilities		2,314		—		3,338		332		—			5,984
Total current liabilities		317,869		238,914		45,182		9,751		(537,642	)		74,074
Long-term debt		—		1,091,602		—		—		—			1,091,602
Deferred Purchase Price Obligation		384,617		—		—		—		—			384,617
Noncurrent deferred revenue		—		—		34,775		1,812		—			36,587
Noncurrent accrued environmental remediation		—		—		—		1,916		—			1,916
Other noncurrent liabilities		3,689		—		2,744		76		—			6,509
Total liabilities		706,175		1,330,516		82,701		13,555		(537,642	)		1,595,305

Total partners' capital		1,344,081		2,041,996		2,274,668		1,087,190		(5,403,854	)		1,344,081
Total liabilities and partners' capital	$	2,050,256	$	3,372,512	$	2,357,369	$	1,100,745	$	(5,941,496	)	$	2,939,386

	December 31, 2017
	SMLP		Co-Issuers		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating adjustments			Total
	(In thousands)
Assets
Cash and cash equivalents	$	126	$	75	$	1,138	$	91	$	—		$	1,430
Accounts receivable		22		—		65,842		6,437		—			72,301
Other current assets		1,188		—		2,697		442		—			4,327
Due from affiliate		—		—		493,067		22,030		(515,097	)		—
Total current assets		1,336		75		562,744		29,000		(515,097	)		78,058
Property, plant and equipment, net		4,206		—		1,442,333		348,590		—			1,795,129
Intangible assets, net		—		—		278,958		22,387		—			301,345
Goodwill		—		—		16,211		—		—			16,211
Investment in equity method investees		—		—		—		690,485		—			690,485
Other noncurrent assets		2,547		10,913		105		—		—			13,565
Investment in subsidiaries		2,019,700		3,324,464		—		—		(5,344,164	)		—
Total assets	$	2,027,789	$	3,335,452	$	2,300,351	$	1,090,462	$	(5,859,261	)	$	2,894,793

Liabilities and Partners' Capital
Trade accounts payable	$	209	$	—	$	11,283	$	4,883	$	—		$	16,375
Accrued expenses		928		—		10,592		979		—			12,499
Due to affiliate		263,935		252,250		—		—		(515,097	)		1,088
Deferred revenue		—		—		4,000		—		—			4,000
Ad valorem taxes payable		—		—		7,809		520		—			8,329
Accrued interest		—		12,310		—		—		—			12,310
Accrued environmental remediation		—		—		—		3,130		—			3,130
Other current liabilities		6,395		—		4,385		478		—			11,258
Total current liabilities		271,467		264,560		38,069		9,990		(515,097	)		68,989
Long-term debt		—		1,051,192		—		—		—			1,051,192
Deferred Purchase Price Obligation		362,959		—		—		—		—			362,959
Noncurrent deferred revenue		—		—		12,707		—		—			12,707
Noncurrent accrued environmental remediation		—		—		—		2,214		—			2,214
Other noncurrent liabilities		3,694		—		3,293		76		—			7,063
Total liabilities		638,120		1,315,752		54,069		12,280		(515,097	)		1,505,124

Total partners' capital		1,389,669		2,019,700		2,246,282		1,078,182		(5,344,164	)		1,389,669
Total liabilities and partners' capital	$	2,027,789	$	3,335,452	$	2,300,351	$	1,090,462	$	(5,859,261	)	$	2,894,793

Condensed Statement of Operations

Statements of operations for the three months ended March 31, 2018 and 2017 follow.

	Three months ended March 31, 2018
	SMLP			Co-Issuers			Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Consolidating adjustments			Total
	(In thousands)
Revenues:
Gathering services and related fees	$	—		$	—		$	69,466		$	14,895	$	—		$	84,361
Natural gas, NGLs and condensate sales		—			—			26,117			—		—			26,117
Other revenues		—			—			6,727			115		—			6,842
Total revenues		—			—			102,310			15,010		—			117,320
Costs and expenses:
Cost of natural gas and NGLs		—			—			20,286			—		—			20,286
Operation and maintenance		—			—			22,153			2,451		—			24,604
General and administrative		—			—			12,287			2,098		—			14,385
Depreciation and amortization		432			—			22,861			3,384		—			26,677
Transaction costs		57			—			—			—		—			57
Gain on asset sales, net		—			—			(74	)				—			(74	)
Total costs and expenses		489			—			77,513			7,933		—			85,935
Other expense		(7	)		—			—			—		—			(7	)
Interest expense		—			(15,122	)		—			—		—			(15,122	)
Deferred Purchase Price Obligation		(21,658	)		—			—			—		—			(21,658	)
(Loss) income before income taxes and income from equity method investees		(22,154	)		(15,122	)		24,797			7,077		—			(5,402	)
Income tax benefit		171			—			—			—		—			171
Income from equity method investees		—			—			—			1,386		—			1,386
Equity in earnings of consolidated subsidiaries		18,138			33,260			—			—		(51,398	)		—
Net (loss) income	$	(3,845	)	$	18,138		$	24,797		$	8,463	$	(51,398	)	$	(3,845	)

	Three months ended March 31, 2017
	SMLP			Co-Issuers			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Consolidating adjustments			Total
	(In thousands)
Revenues:
Gathering services and related fees	$	—		$	—		$	102,513	$	15,500		$	—		$	118,013
Natural gas, NGLs and condensate sales		—			—			11,120		—			—			11,120
Other revenues		—			—			6,600		72			—			6,672
Total revenues		—			—			120,233		15,572			—			135,805
Costs and expenses:
Cost of natural gas and NGLs		—			—			9,052		—			—			9,052
Operation and maintenance		—			—			22,020		1,672			—			23,692
General and administrative		—			—			12,485		1,647			—			14,132
Depreciation and amortization		154			—			25,242		3,173			—			28,569
Loss on asset sales, net		—			—			3		—			—			3
Long-lived asset impairment		—			—			—		284			—			284
Total costs and expenses		154			—			68,802		6,776			—			75,732
Other income		71			—			—		—			—			71
Interest expense		—			(16,716	)		—		—			—			(16,716	)
Early extinguishment of debt		—			(22,020	)		—		—			—			(22,020	)
Deferred Purchase Price Obligation		(20,883	)		—			—		—			—			(20,883	)
(Loss) income before income taxes and loss from equity method investees		(20,966	)		(38,736	)		51,431		8,796			—			525
Income tax expense		(452	)		—			—		—			—			(452	)
Loss from equity method investees		—			—			—		(656	)		—			(656	)
Equity in earnings of consolidated subsidiaries		20,835			59,571			—		—			(80,406	)		—
Net (loss) income	$	(583	)	$	20,835		$	51,431	$	8,140		$	(80,406	)	$	(583	)

Condensed Cash Flow Statement

Statements of cash flows for the three months ended March 31, 2018 and 2017 follow.

	March 31, 2018
	SMLP			Co-Issuers			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating adjustments			Total
	(In thousands)
Cash flows from operating activities:
Net cash (used in) provided by operating activities	$	(2,721	)	$	(10,985	)	$	47,495		$	17,421		$	—		$	51,210

Cash flows from investing activities:
Capital expenditures		(297	)		—			(39,001	)		(1,480	)		—			(40,778	)
Other, net		(221	)		—			—			—			—			(221	)
Advances to affiliates		—			(28,718	)		(6,995	)		(15,549	)		51,262			—
Net cash used in investing activities		(518	)		(28,718	)		(45,996	)		(17,029	)		51,262			(40,999	)

Cash flows from financing activities:
Distributions to unitholders		(45,053	)		—			—			—			—			(45,053	)
Borrowings under Revolving Credit Facility		—			50,000			—			—			—			50,000
Repayments under Revolving Credit Facility		—			(10,000	)		—			—			—			(10,000	)
Debt issuance costs		—			(4	)		—			—			—			(4	)
Other, net		(2,883	)		—			(306	)		(29	)		—			(3,218	)
Advances from affiliates		51,262			—			—			—			(51,262	)		—
Net cash provided by (used in) financing activities		3,326			39,996			(306	)		(29	)		(51,262	)		(8,275	)
Net change in cash and cash equivalents		87			293			1,193			363			—			1,936
Cash and cash equivalents, beginning of period		126			75			1,138			91			—			1,430
Cash and cash equivalents, end of period	$	213		$	368		$	2,331		$	454		$	—		$	3,366

	March 31, 2017
	SMLP			Co-Issuers			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating adjustments			Total
	(In thousands)
Cash flows from operating activities:
Net cash (used in) provided by operating activities	$	(2,021	)	$	(27,574	)	$	75,271		$	16,773		$	—		$	62,449

Cash flows from investing activities:
Capital expenditures		(1,003	)		—			(6,089	)		(7,336	)		—			(14,428	)
Contributions to equity method investees		—			—			—			(4,936	)		—			(4,936	)
Other, net		(361	)		—			—			—			—			(361	)
Advances to affiliates		(20,185	)		—			(72,075	)		—			92,260			—
Net cash used in investing activities		(21,549	)		—			(78,164	)		(12,272	)		92,260			(19,725	)

Cash flows from financing activities:
Distributions to unitholders		(44,452	)		—			—			—			—			(44,452	)
Borrowings under Revolving Credit Facility		—			72,000			—			—			—			72,000
Repayments under Revolving Credit Facility		—			(245,000	)		—			—			—			(245,000	)
Debt issuance costs		—			(6,825	)		—			—			—			(6,825	)
Payment of redemption and call premiums on senior notes		—			(17,913	)		—			—			—			(17,913	)
Proceeds from ATM Program issuances, net of costs		367			—			—			—			—			367
Contribution from General Partner		113			—			—			—			—			113
Issuance of senior notes		—			500,000			—			—			—			500,000
Tender and redemption of senior notes		—			(300,000	)		—			—			—			(300,000	)
Other, net		(2,051	)		—			(91	)		(15	)		—			(2,157	)
Advances from affiliates		72,075			25,266			—			(5,081	)		(92,260	)		—
Net cash provided by (used in) financing activities		26,052			27,528			(91	)		(5,096	)		(92,260	)		(43,867	)
Net change in cash and cash equivalents		2,482			(46	)		(2,984	)		(595	)		—			(1,143	)
Cash and cash equivalents, beginning of period		698			51			5,768			911			—			7,428
Cash and cash equivalents, end of period	$	3,180		$	5		$	2,784		$	316		$	—		$	6,285