Antero Midstream Corporation (AM) Financial Statements (2024 and earlier)

Company Profile

Business Address 1615 WYNKOOP STREET
DENVER, CO 80202
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 4922 - Natural Gas Transmission (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments   6401,2352,8225,987
Cash and cash equivalents   6401,2352,8225,987
Receivables87,66782,88491,812105,603  
Other current assets1,3269201,4791,720  
Other undisclosed current assets    87 
Total current assets:88,99383,80493,931108,5582,9095,987
Noncurrent Assets
Property, plant and equipment3,751,4313,394,7463,254,0443,273,410  
Long-term investments and receivables652,767696,009722,478709,63943,49223,772
Long-term investments652,767696,009722,478709,63943,49223,772
Intangible assets, net (including goodwill)1,286,1031,356,7751,427,4472,073,580  
Goodwill    575,461  
Intangible assets, net (excluding goodwill)1,286,1031,356,7751,427,4471,498,119  
Deferred income tax assets   103,402103,231
Other noncurrent assets12,02612,6679,61014,460  
Other undisclosed noncurrent assets     1,304 
Total noncurrent assets:5,702,3275,460,1975,516,9816,174,32044,79623,772
TOTAL ASSETS:5,791,3205,544,0015,610,9126,282,87847,70529,759
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:95,580104,43084,442110,83343514,151
Taxes payable   15,67813,858
Accounts payable 22,86523,5929,4956,645  
Accrued liabilities72,71580,83874,947104,188 293
Other undisclosed accounts payable and accrued liabilities     (15,243) 
Business combination, contingent consideration, liability    125,000  
Due to related parties5,4364,9563,8623,146731 
Other liabilities1,0614,6235,7013,105  
Other undisclosed current liabilities    15,678 
Total current liabilities:102,077114,00994,005242,08416,84414,151
Noncurrent Liabilities
Long-term debt and lease obligation3,361,2823,122,9103,091,6262,892,249  
Long-term debt, excluding current maturities3,361,2823,122,9103,091,6262,892,249  
Liabilities, other than long-term debt135,64320,3846,9955,131  
Deferred income tax liabilities131,21513,721  
Other liabilities4,4286,6636,9955,131  
Total noncurrent liabilities:3,496,9253,143,2943,098,6212,897,380  
Total liabilities:3,599,0023,257,3033,192,6263,139,46416,84414,151
Equity
Equity, attributable to parent2,192,3182,286,6982,418,2863,143,414  
Common stock4,7854,7754,7664,840  
Additional paid in capital2,104,7402,414,3982,877,6123,480,139  
Retained earnings (accumulated deficit)82,793(132,475)(464,092)(341,565)  
Total equity:2,192,3182,286,6982,418,2863,143,414  
Other undisclosed liabilities and equity     30,86115,608
TOTAL LIABILITIES AND EQUITY:5,791,3205,544,0015,610,9126,282,87847,70529,759

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues919,985898,202900,719792,588142,90669,720
Cost of revenue
(Cost of Goods and Services Sold)
(180,254)(157,120)(165,386)(195,818)  
Gross profit:739,731741,082735,333596,770142,90669,720
Operating expenses(380,519)(342,875)(1,018,357)(1,191,081)(43,851)(41,134)
Other undisclosed operating income180,254157,120165,386195,818  
Operating income (loss):539,466555,327(117,638)(398,493)99,05528,586
Nonoperating expense
(Other Nonoperating expense)
(95,730)(106,587)    
Interest and debt expense  (21,757)(4,503)(3,183)(148) 
Income (loss) from continuing operations before equity method investments, income taxes:443,736426,983(122,141)(401,676)98,90728,586
Income from equity method investments   86,43051,315  
Other undisclosed income (loss) from continuing operations before income taxes  21,757(142,504)(107,219)12 
Income (loss) from continuing operations before income taxes:443,736448,740(178,215)(457,580)98,91928,586
Income tax expense (benefit)(117,494)(117,123)55,688102,466(32,311)(26,261)
Income (loss) from continuing operations:326,242331,617(122,527)(355,114)66,6082,325
Income (loss) before gain (loss) on sale of properties:331,617(122,527)(355,114)66,6082,325
Net income (loss):326,242331,617(122,527)(355,114)66,6082,325
Net loss attributable to noncontrolling interest     (5,236) 
Net income (loss) attributable to parent:326,242331,617(122,527)(355,114)61,3722,325
Preferred stock dividends and other adjustments(550)(550)(550)(442)  
Net income (loss) available to common stockholders, diluted:325,692331,067(123,077)(355,556)61,3722,325

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):326,242331,617(122,527)(355,114)66,6082,325
Comprehensive income (loss):326,242331,617(122,527)(355,114)66,6082,325
Comprehensive loss, net of tax, attributable to noncontrolling interest     (5,236) 
Comprehensive income (loss), net of tax, attributable to parent:326,242331,617(122,527)(355,114)61,3722,325

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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