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Offerings and Acquisition (Tables)
 12 Months Ended
Dec. 31, 2019
Business Combinations [Abstract]  
Reconciliation of Redeemable Noncontrolling Interest Balance The following table provides a reconciliation of our redeemable noncontrolling interest balance:
(in thousands)
Redeemable Noncontrolling Interest
December 31, 2018
$
—

Preferred Equity Issuance
100,000

Issuance Costs
(3,435
)
Preferred Equity Accretion (1)
9,440

December 31, 2019
$
106,005

(1) 
Includes approximately $5.0 million related to dividends that were paid-in-kind. The dividend for each quarter in 2019 was paid-in-kind.
Schedule of Business Acquisitions, by Acquisition
The following table sets forth our purchase price allocation:
(in thousands)
 
Cash Consideration
$
638,266

PDC Energy Payment
24,120

Current Liabilities Assumed
18,259

Total Purchase Price and Liabilities Assumed
$
680,645

 
 
Cash and Restricted Cash
$
12,518

Accounts Receivable
10,661

Other Current Assets
2,206

Property, Plant and Equipment
205,766

Intangible Assets  (1)
339,760

Fair Value of Identifiable Assets
570,911

Implied Goodwill (2)
109,734

Total Asset Value
$
680,645

(1) 
See Note 7. Intangible Assets.
(2) 
Based upon the purchase price allocation, we have recognized $109.7 million of goodwill, all of which is assigned to the Black Diamond reporting unit within the Gathering Systems reportable segment.
Business Acquisition, Pro Forma Information The pro forma consolidated financial information has been included for comparative purposes and is not necessarily indicative of the results that might have actually occurred had the acquisition taken place on January 1, 2017; furthermore, the financial information is not intended to be a projection of future results.
 
Year Ended December 31,
(in thousands, except per unit amounts)
2019 (1)
 
2018
 
2017
Revenues
$
703,801

 
$
569,247

 
$
405,500

Net Income
245,467

 
214,234

 
136,071

Net Income Attributable to Noble Midstream Partners LP
$
159,996

 
$
161,068

 
$
123,375

 
 
 
 
 
 
Net Income Attributable to Limited Partners Per Limited Partner Unit — Basic
 
 
 
 
 
Common Units
$
3.09

 
$
3.92

 
$
3.59

Subordinated Units
$
3.86

 
$
3.92

 
$
3.59

 
 
 
 
 
 
Net Income Attributable to Limited Partners Per Limited Partner Unit — Diluted
 
 
 
 
 
Common Units
$
3.08

 
$
3.92

 
$
3.59

Subordinated Units
$
3.86

 
$
3.92

 
$
3.59

(1) 
No pro forma adjustments were made for the period as Black Diamond operations are included in our results for the full period.