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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash $ 16,576 $ 10,633
Accounts receivable—related party 39,560 50,270
Accounts receivable—third party, net 8,138 9,071
Sourced water inventory 9,678 14,325
Other current assets 171 1,428
Total current assets 74,123 85,727
Property, plant and equipment:    
Land 85,826 86,072
Property, plant and equipment 1,026,212 930,768
Accumulated depreciation, amortization and accretion (90,456) (61,132)
Total property, plant and equipment, net 1,021,582 955,708
Right of use assets 738 418
Equity method investments 532,008 479,558
Real estate assets, net 97,815 101,116
Intangible lease assets, net 5,745 8,070
Deferred tax asset 75,255 0
Other assets 4,977 5,796
Total assets 1,812,243 1,636,393
Current liabilities:    
Accounts payable 263 147
Accrued liabilities 37,265 76,625
Taxes payable 406 189
Short-term lease liability 679 418
Total current liabilities 38,613 77,379
Long-term debt 575,454 424,000
Asset retirement obligations 14,567 11,347
Long-term lease liability 59 0
Deferred income taxes 0 7,827
Total liabilities 628,693 520,553
Commitments and contingencies (Note 15)
Unitholders’ equity:    
General partner—Diamondback 919 979
Common units—public (43,996,243 units issued and outstanding as of September 30, 2020 and 43,700,000 units issued and outstanding as of December 31, 2019) 399,080 737,777
Class B units—Diamondback (107,815,152 units issued and outstanding as of September 30, 2020 and as of December 31, 2019) 919 979
Accumulated other comprehensive income (loss) (223) (198)
Total Rattler Midstream LP unitholders’ equity 400,695 739,537
Non-controlling interest 783,550 376,928
Non-controlling interest in accumulated other comprehensive loss (695) (625)
Total equity 1,183,550 1,115,840
Total liabilities and unitholders’ equity $ 1,812,243 $ 1,636,393