10-Q Filing

ANTERO MIDSTREAM CORP CIK: 1623925 Q2 2018

Filing Information

Form Type	10-Q
Accession Number	`0001558370-18-006104`
Period End Date	20180630
Filing Date	20180801
Fiscal Year	2018
Fiscal Period	Q2
XBRL Instance	amgp-20180630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 35 Income Statement 54 Cash Flow Statement 38 Stockholders Equity 10

Balance Sheet 35 line items

Line Item	Tag	Value	Unit	Period
Partner capital, shares issued	`GeneralPartnersCapitalAccountUnitsIssued`	186.20M	shares	Point-in-time
Partner capital, shares issued	`GeneralPartnersCapitalAccountUnitsIssued`	186.18M	shares	Point-in-time
Cash	`Cash`	$5.99M	USD	Point-in-time
Cash	`Cash`	$11.39M	USD	Point-in-time
Cash	`Cash`	$9.61M	USD	Point-in-time
Cash	`Cash`	$5.30M	USD	Point-in-time
Partner capital, shares outstanding	`GeneralPartnersCapitalAccountUnitsOutstanding`	186.18M	shares	Point-in-time
Partner capital, shares outstanding	`GeneralPartnersCapitalAccountUnitsOutstanding`	186.20M	shares	Point-in-time
IDR LLC Series B units vested	`OtherOwnershipInterestsUnitsVested`	32,875.00	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$867.00K	USD	Point-in-time
IDR LLC Series B units vested	`OtherOwnershipInterestsUnitsVested`	32,875.00	shares	Point-in-time
Deferred financing costs	`DeferredFinanceCostsCurrentGross`	$104.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.27M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$5.99M	USD	Point-in-time
Investment in Antero Midstream Partners LP	`EquityMethodInvestments`	$33.14M	USD	Point-in-time
Investment in Antero Midstream Partners LP	`EquityMethodInvestments`	$23.77M	USD	Point-in-time
Total assets	`Assets`	$39.41M	USD	Point-in-time
Total assets	`Assets`	$29.76M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$823.00K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$293.00K	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$13.86M	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$13.31M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$14.13M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$14.15M	USD	Point-in-time
Liability for equity-based compensation	`OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent`	$2.19M	USD	Point-in-time
Total liabilities	`Liabilities`	$14.15M	USD	Point-in-time
Total liabilities	`Liabilities`	$16.32M	USD	Point-in-time
Common shareholders - public (186,181, 975 shares and 186,199,995 shares issued and outstanding at December 31, 2017 and June 30, 2018, respectively)	`LimitedPartnersCapitalAccount`	$-12.11M	USD	Point-in-time
Common shareholders - public (186,181, 975 shares and 186,199,995 shares issued and outstanding at December 31, 2017 and June 30, 2018, respectively)	`LimitedPartnersCapitalAccount`	$-19.87M	USD	Point-in-time
IDR LLC Series B units (32, 875 units vested at December 31, 2017 and June 30, 2018)	`OtherPartnersCapital`	$35.20M	USD	Point-in-time
IDR LLC Series B units (32, 875 units vested at December 31, 2017 and June 30, 2018)	`OtherPartnersCapital`	$35.47M	USD	Point-in-time
Total partners' capital	`PartnersCapital`	$15.61M	USD	Point-in-time
Total partners' capital	`PartnersCapital`	$23.08M	USD	Point-in-time
Total liabilities and partners' capital	`LiabilitiesAndStockholdersEquity`	$39.41M	USD	Point-in-time
Total liabilities and partners' capital	`LiabilitiesAndStockholdersEquity`	$29.76M	USD	Point-in-time

Income Statement 54 line items

Line Item	Tag	Value	Unit	Period
Equity in earnings of Antero Midstream Partners LP	`IncomeLossFromEquityMethodInvestments`	$15.33M	USD	1 Quarter
Equity in earnings of Antero Midstream Partners LP	`IncomeLossFromEquityMethodInvestments`	$33.15M	USD	1 Quarter
Equity in earnings of Antero Midstream Partners LP	`IncomeLossFromEquityMethodInvestments`	$26.88M	USD	2 Qtrs
Equity in earnings of Antero Midstream Partners LP	`IncomeLossFromEquityMethodInvestments`	$61.60M	USD	2 Qtrs
Total income	`Revenues`	$33.15M	USD	1 Quarter
Total income	`Revenues`	$15.33M	USD	1 Quarter
Total income	`Revenues`	$26.88M	USD	2 Qtrs
Total income	`Revenues`	$61.60M	USD	2 Qtrs
General and administrative expense	`GeneralAndAdministrativeExpense`	$3.20M	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$2.40M	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$3.33M	USD	2 Qtrs
General and administrative expense	`GeneralAndAdministrativeExpense`	$5.31M	USD	2 Qtrs
Equity-based compensation	`ShareBasedCompensation`	$9.11M	USD	1 Quarter
Equity-based compensation	`ShareBasedCompensation`	$17.95M	USD	2 Qtrs
Equity-based compensation	`ShareBasedCompensation`	$17.75M	USD	2 Qtrs
Equity-based compensation	`ShareBasedCompensation`	$9.63M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$11.51M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$12.83M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$23.26M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$21.07M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$2.49M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$21.64M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$3.62M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$40.52M	USD	2 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-18.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-14.00K	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$21.62M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$40.51M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$3.62M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.49M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$7.23M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$13.32M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$10.18M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$5.75M	USD	1 Quarter
Net income (loss) and comprehensive income (loss)	`ProfitLoss`	$27.19M	USD	2 Qtrs
Net income (loss) and comprehensive income (loss)	`ProfitLoss`	$-6.56M	USD	2 Qtrs
Net income (loss) and comprehensive income (loss)	`ProfitLoss`	$-3.26M	USD	1 Quarter
Net income (loss) and comprehensive income (loss)	`ProfitLoss`	$14.39M	USD	1 Quarter
Net income attributable to vested Series B units	`NetIncomeLossAttributableToNoncontrollingInterest`	$506.00K	USD	1 Quarter
Net income attributable to vested Series B units	`NetIncomeLossAttributableToNoncontrollingInterest`	$919.00K	USD	2 Qtrs
Pre-IPO net income attributed to parent	`NetIncomeLoss`	$4.94M	USD	2 Qtrs
Pre-IPO net income attributed to parent	`NetIncomeLoss`	$1.64M	USD	1 Quarter
Net income (loss) attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$13.88M	USD	1 Quarter
Net income (loss) attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$26.27M	USD	2 Qtrs
Net income (loss) attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.62M	USD	1 Quarter
Net income (loss) attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.62M	USD	2 Qtrs
Net income (loss) per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Net income (loss) per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.14	USD	2 Qtrs
Net income (loss) per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.07	USD	1 Quarter
Net income (loss) per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	2 Qtrs
Weighted average number of common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	186,199.00	shares	1 Quarter
Weighted average number of common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	186.17M	shares	2 Qtrs
Weighted average number of common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	186.19M	shares	2 Qtrs
Weighted average number of common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	186,170.00	shares	1 Quarter

Cash Flow Statement 38 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$27.19M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$-6.56M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$-3.26M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$14.39M	USD	1 Quarter
Equity in earnings of Antero Midstream Partners LP	`IncomeLossFromEquityMethodInvestments`	$15.33M	USD	1 Quarter
Equity in earnings of Antero Midstream Partners LP	`IncomeLossFromEquityMethodInvestments`	$33.15M	USD	1 Quarter
Equity in earnings of Antero Midstream Partners LP	`IncomeLossFromEquityMethodInvestments`	$26.88M	USD	2 Qtrs
Equity in earnings of Antero Midstream Partners LP	`IncomeLossFromEquityMethodInvestments`	$61.60M	USD	2 Qtrs
Distributions received from Antero Midstream Partners LP	`EquityMethodInvestmentDividendsOrDistributions`	$19.10M	USD	2 Qtrs
Distributions received from Antero Midstream Partners LP	`EquityMethodInvestmentDividendsOrDistributions`	$52.23M	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$18.00K	USD	2 Qtrs
Equity-based compensation	`ShareBasedCompensation`	$9.11M	USD	1 Quarter
Equity-based compensation	`ShareBasedCompensation`	$17.95M	USD	2 Qtrs
Equity-based compensation	`ShareBasedCompensation`	$17.75M	USD	2 Qtrs
Equity-based compensation	`ShareBasedCompensation`	$9.63M	USD	1 Quarter
Accounts receivable - related party	`IncreaseDecreaseInDueFromAffiliatesCurrent`	$141.00K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$974.00K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$531.00K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.40M	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$-3.09M	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$-548.00K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.78M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$34.60M	USD	2 Qtrs
Distributions to shareholders	`PaymentsOfDividendsCommonStock`	$34.07M	USD	2 Qtrs
Distributions to Series B unitholders	`PaymentsOfCapitalDistribution`	$1.20M	USD	2 Qtrs
Payments of deferred financing costs	`PaymentOfFinancingAndStockIssuanceCosts`	$15.00K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-35.28M	USD	2 Qtrs
Net increase (decrease) in cash	`CashPeriodIncreaseDecrease`	$-687.00K	USD	2 Qtrs
Net increase (decrease) in cash	`CashPeriodIncreaseDecrease`	$1.78M	USD	2 Qtrs
Cash, beginning of period	`Cash`	$5.99M	USD	Point-in-time
Cash, beginning of period	`Cash`	$11.39M	USD	Point-in-time
Cash, beginning of period	`Cash`	$9.61M	USD	Point-in-time
Cash, beginning of period	`Cash`	$5.30M	USD	Point-in-time
Cash, end of period	`Cash`	$5.99M	USD	Point-in-time
Cash, end of period	`Cash`	$11.39M	USD	Point-in-time
Cash, end of period	`Cash`	$9.61M	USD	Point-in-time
Cash, end of period	`Cash`	$5.30M	USD	Point-in-time
Cash paid during the period for interest	`InterestPaidNet`	$3.00K	USD	2 Qtrs

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Balance	`PartnersCapital`	$15.61M	USD	Point-in-time
Balance	`PartnersCapital`	$23.08M	USD	Point-in-time
Net income and comprehensive income	`ProfitLoss`	$27.19M	USD	2 Qtrs
Net income and comprehensive income	`ProfitLoss`	$-6.56M	USD	2 Qtrs
Net income and comprehensive income	`ProfitLoss`	$-3.26M	USD	1 Quarter
Net income and comprehensive income	`ProfitLoss`	$14.39M	USD	1 Quarter
Equity-based compensation	`PostIpoStockGrantedDuringPeriodValueSharebasedCompensation`	$15.55M	USD	2 Qtrs
Distributions	`LimitedPartnersCapitalAccountDistributionAmount`	$35.27M	USD	2 Qtrs
Balance	`PartnersCapital`	$15.61M	USD	Point-in-time
Balance	`PartnersCapital`	$23.08M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.