Business Combination (Tables)

12 Months Ended

Dec. 31, 2019

Schedule of components of fair value of consideration transferred

The components of the fair value of consideration transferred are as follows (in thousands):


Fair value of shares of AMC common stock issued⁽¹⁾	$	4,017,881
Cash		598,709
Total fair value of consideration transferred	$	4,616,590

(1)The fair value of each share of AMC common stock issued in connection with the Transactions was determined to be $12.54, the closing price of AMGP common shares on March 12, 2019.

Schedule of estimated fair value of assets acquired and liabilities assumed

The final purchase price allocation of the Transactions, and final adjustments thereto, are summarized in the table below. The fair value of assets acquired and liabilities assumed at March 12, 2019 were as follows (in thousands):


		As Originally				As
		Reported		Adjustments		Adjusted
Cash and cash equivalents	$	619,532		—		619,532
Accounts receivable–Antero Resources		142,312		—		142,312
Accounts receivable–third party		117		—		117
Other current assets		1,150		—		1,150
Property and equipment, net		3,639,148		(267,721)		3,371,427
Investments in unconsolidated affiliates		1,090,109		(521,824)		568,285
Customer relationships		558,000		1,009,000		1,567,000
Other assets, net		42,887		—		42,887
Total assets acquired		6,093,255		219,455		6,312,710

Accounts payable–Antero Resources		3,316		—		3,316
Accounts payable–third party		30,674		—		30,674
Accrued liabilities		87,021		—		87,021
Other current liabilities		537		—		537
Long-term debt		2,364,935		—		2,364,935
Contingent acquisition consideration		116,924		—		116,924
Other liabilities		8,524		—		8,524
Total liabilities assumed		2,611,931		—		2,611,931
Net assets acquired, excluding goodwill		3,481,324		219,455		3,700,779
Goodwill		1,135,266		(219,455)		915,811
Net assets acquired	$	4,616,590	$	—	$	4,616,590