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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash $ 11,170 $ 10,633
Accounts receivable—related party 4,456 50,270
Accounts receivable—third party, net 7,694 9,071
Sourced water inventory 10,400 14,325
Other current assets 688 1,428
Total current assets 34,408 85,727
Property, plant and equipment:    
Land 88,309 88,509
Property, plant and equipment 1,037,264 930,768
Accumulated depreciation, amortization and accretion (81,572) (61,132)
Total property, plant and equipment, net 1,044,001 958,145
Right of use assets 86 418
Equity method investments 514,110 479,558
Real estate assets, net 96,473 98,679
Intangible lease assets, net 6,579 8,070
Deferred tax asset 78,134 0
Other assets 5,232 5,796
Total assets 1,779,023 1,636,393
Current liabilities:    
Accounts payable 149 147
Accrued liabilities 55,386 76,625
Taxes payable 406 189
Short-term lease liability 86 418
Total current liabilities 56,027 77,379
Long-term debt 523,000 424,000
Asset retirement obligations 13,272 11,347
Deferred income taxes 0 7,827
Total liabilities 592,299 520,553
Commitments and contingencies (Note 15)
Unitholders’ equity:    
General partner—Diamondback 939 979
Common units—public (43,996,243 units issued and outstanding as of June 30, 2020 and 43,700,000 units issued and outstanding as of December 31, 2019) 400,928 737,777
Class B units—Diamondback (107,815,152 units issued and outstanding as of June 30, 2020 and as of December 31, 2019) 939 979
Accumulated other comprehensive loss (320) (198)
Total Rattler Midstream LP unitholders’ equity 402,486 739,537
Non-controlling interest 785,239 376,928
Non-controlling interest in accumulated other comprehensive loss (1,001) (625)
Total equity 1,186,724 1,115,840
Total liabilities and unitholders’ equity $ 1,779,023 $ 1,636,393