RATTLER MIDSTREAM LP

2019 Q4 Form 10-Q Financial Statement

#000174877319000019 Filed on November 06, 2019

View on sec.gov

Income Statement

Concept 2019 Q4 2019 Q3 2018 Q3

Balance Sheet

Concept 2019 Q4 2019 Q3 2018 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $10.60M $2.700M $6.500M
YoY Change 23.26% -58.46%
Cash & Equivalents $10.63M $2.694M $6.474M
Short-Term Investments
Other Short-Term Assets $1.428M $615.0K $2.600M
YoY Change -66.07% -76.35%
Inventory $14.33M $13.04M $8.000M
Prepaid Expenses
Receivables $9.071M $2.894M $19.00M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $85.73M $49.10M $36.10M
YoY Change 103.65% 36.01%
LONG-TERM ASSETS
Property, Plant & Equipment $955.7M $919.1M $496.9M
YoY Change 108.7% 84.96%
Goodwill
YoY Change
Intangibles $8.070M $8.754M
YoY Change -26.33%
Long-Term Investments $479.6M $225.0M $0.00
YoY Change
Other Assets $5.796M $3.931M $0.00
YoY Change
Total Long-Term Assets $1.551B $1.257B $508.7M
YoY Change 175.96% 147.13%
TOTAL ASSETS
Total Short-Term Assets $85.73M $49.10M $36.10M
Total Long-Term Assets $1.551B $1.257B $508.7M
Total Assets $1.636B $1.306B $544.8M
YoY Change 170.92% 139.77%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $147.0K $104.0K $300.0K
YoY Change 47.0% -65.33%
Accrued Expenses $76.63M $73.07M $22.20M
YoY Change 47.91% 229.13%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $77.38M $74.02M $22.50M
YoY Change 22.01% 228.98%
LONG-TERM LIABILITIES
Long-Term Debt $424.0M $103.0M $0.00
YoY Change
Other Long-Term Liabilities $11.30M $9.500M $500.0K
YoY Change 1783.33% 1800.0%
Total Long-Term Liabilities $435.3M $112.5M $500.0K
YoY Change 72450.0% 22400.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $77.38M $74.02M $22.50M
Total Long-Term Liabilities $435.3M $112.5M $500.0K
Total Liabilities $520.6M $191.1M $28.00M
YoY Change 577.0% 582.5%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $739.5M $740.7M $516.8M
YoY Change
Total Liabilities & Shareholders Equity $1.636B $1.306B $544.8M
YoY Change 170.92% 139.77%

Cashflow Statement

Concept 2019 Q4 2019 Q3 2018 Q3

Facts In Submission

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us-gaap Proceeds From Sale Of Property Plant And Equipment
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0 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-263667000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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-108959000 USD
us-gaap Payments To Acquire Equity Method Investments
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0 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
112000000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
9000000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
0 USD
us-gaap Payments Of Debt Issuance Costs
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3929000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
us-gaap Proceeds From Issuance Initial Public Offering
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719376000 USD
us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
0 USD
fang Proceeds From Issuance Initial Public Offering General Partner
ProceedsFromIssuanceInitialPublicOfferingGeneralPartner
1000000 USD
fang Proceeds From Issuance Initial Public Offering General Partner
ProceedsFromIssuanceInitialPublicOfferingGeneralPartner
0 USD
fang Proceeds From Issuance Initial Public Offering Related Party
ProceedsFromIssuanceInitialPublicOfferingRelatedParty
999000 USD
fang Proceeds From Issuance Initial Public Offering Related Party
ProceedsFromIssuanceInitialPublicOfferingRelatedParty
0 USD
us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
726513000 USD
us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
0 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
93933000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
0 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-5870000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
6466000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
8564000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
8000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2694000 USD
CY2018Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6474000 USD
fang Noncash Capital Contributions
NoncashCapitalContributions
456055000 USD
fang Noncash Capital Contributions
NoncashCapitalContributions
176535000 USD
fang Increasein Long Term Assetsand Inventory
IncreaseinLongTermAssetsandInventory
456055000 USD
fang Increasein Long Term Assetsand Inventory
IncreaseinLongTermAssetsandInventory
176535000 USD
fang Increase Decreasein Accrued Capital Expenditures
IncreaseDecreaseinAccruedCapitalExpenditures
4083000 USD
fang Increase Decreasein Accrued Capital Expenditures
IncreaseDecreaseinAccruedCapitalExpenditures
-7253000 USD
CY2019Q2 us-gaap Limited Partners Contributed Capital
LimitedPartnersContributedCapital
1000000.0 USD
CY2019Q2 us-gaap General Partners Contributed Capital
GeneralPartnersContributedCapital
1000000.0 USD
CY2019Q2 us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
726500000 USD
CY2019Q2 fang General Partners Capital Account Percentage Of Preferred Cash Distribution Received
GeneralPartnersCapitalAccountPercentageOfPreferredCashDistributionReceived
0.08
CY2019Q2 us-gaap Limited Partners Contributed Capital
LimitedPartnersContributedCapital
1000000.0 USD
us-gaap Basis Of Accounting
BasisOfAccounting
<div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Basis of Presentation </span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Prior to May 28, 2019, the Partnership's services were performed by the Predecessor. The consolidated financial statements include the results of the Predecessor for the periods presented prior to the closing of the IPO on May 28, 2019. The Predecessor financial statements have been prepared from the separate records maintained by the Partnership and may not necessarily be indicative of the actual results of operations that might have occurred if the Predecessor had been operated separately during the periods reported.</span></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The consolidated results of operations following the completion of the IPO are presented together with the results of operations pertaining to the Predecessor. The assets of the Predecessor consist of SWD wells and related gathering systems, office buildings, surface land, an oil gathering system and asset retirement obligations related to these assets, which were contributed effective January 1, 2019. See Note </span><span style="font-family:inherit;font-size:10pt;">4</span><span style="font-family:inherit;font-size:10pt;">—</span><span style="font-family:inherit;font-size:10pt;">Acquisitions</span><span style="font-family:inherit;font-size:10pt;">. The capital contribution of the net proceeds from the IPO to the Operating Company in exchange for </span><span style="font-family:inherit;font-size:10pt;"><span>29%</span></span><span style="font-family:inherit;font-size:10pt;"> of the limited liability company units of the Operating Company was accounted for as a combination of entities under common control, with assets and liabilities transferred at their carrying amounts in a manner similar to a pooling of interests. The Partnership did not own any assets prior to May 28, 2019, the date of the equity contribution agreement by and between the Partnership and the Predecessor. Prior to the IPO, the Predecessor was a wholly owned subsidiary of Diamondback. For periods prior to May 28, 2019, the accompanying consolidated financial statements and related notes thereto represent the financial position, results of operations, cash flows and changes in members’ equity of the Predecessor and, for periods on and after May 28, 2019, the accompanying consolidated financial statements and related notes thereto represent the financial position, results of operations, cash flows and changes in partners’ equity of the Partnership and its partially owned subsidiary.</span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The consolidated financial statements include the accounts of the Partnership and its subsidiaries after all significant intercompany balances and transactions have been eliminated upon consolidation. </span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Prior to 2018, the Partnership's operations comprised a single operating business segment; however, with the contribution of Tall Towers, the Partnership's operations are now reported in </span><span style="font-family:inherit;font-size:10pt;"><span>two</span></span><span style="font-family:inherit;font-size:10pt;"> operating business segments: (i) midstream services and (ii) real estate operations. See Note </span><span style="font-family:inherit;font-size:10pt;">19</span><span style="font-family:inherit;font-size:10pt;">—</span><span style="font-family:inherit;font-size:10pt;">Report of Operating Business Segments</span><span style="font-family:inherit;font-size:10pt;">.</span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">These consolidated financial statements have been prepared by the Partnership without audit, pursuant to the rules and regulations of the SEC. They reflect all adjustments that are, in the opinion of management, necessary for a fair statement of the results for interim periods, on a basis consistent with the annual audited financial statements. All such adjustments are of a normal recurring nature. Certain information, accounting policies and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been omitted pursuant to SEC rules and regulations, although the Partnership believes the disclosures are adequate to make the information presented not misleading. This Quarterly Report on Form 10–Q should be read in conjunction with the Partnership’s final prospectus dated May 22, 2019 and filed with the SEC pursuant to Rule 424(b) under the Securities Act on May 24, 2019, which contains a summary of the Partnership’s significant accounting policies and other disclosures.</span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div>
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
us-gaap Use Of Estimates
UseOfEstimates
<div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates </span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Certain amounts included in or affecting the Partnership’s financial statements and related notes must be estimated by management, requiring certain assumptions to be made with respect to values or conditions that cannot be known with certainty at the time the financial statements are prepared. These estimates and assumptions affect the amounts the Partnership reports for assets and liabilities and the Partnership’s disclosure of contingent assets and liabilities at the date of the financial statements. </span></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Management evaluates these estimates on an ongoing basis, using historical experience, consultation with experts and other methods they consider reasonable in the particular circumstances. Nevertheless, actual results may differ significantly from management’s estimates. Any effects on the Partnership’s business, financial position or results of operations resulting from revisions to these estimates are recorded in the period in which the facts that give rise to the revision become known. Significant items subject to such estimates and assumptions include, but are not limited to, (i) revenue accruals, (ii) the fair value of long-lived assets and (iii) asset retirement obligations (“ARO”). </span></div>
CY2019Q3 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
0 USD
us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0 USD
us-gaap Contribution Of Property
ContributionOfProperty
456100000 USD
fang Capital Contribution Related To Equity Method Investments
CapitalContributionRelatedToEquityMethodInvestments
149500000 USD
fang Capital Contribution Related To Elimination Of Current And Deferred Liabilities
CapitalContributionRelatedToEliminationOfCurrentAndDeferredLiabilities
31100000 USD
fang Capital Contribution In Additional Assets And Liabilities Net Related To Operations
CapitalContributionInAdditionalAssetsAndLiabilitiesNetRelatedToOperations
-25300000 USD
CY2019Q3 us-gaap Other Income
OtherIncome
174000 USD
CY2018Q3 us-gaap Other Income
OtherIncome
320000 USD
us-gaap Other Income
OtherIncome
464000 USD
us-gaap Other Income
OtherIncome
814000 USD
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
10452000 USD
CY2019Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
3709000 USD
CY2018Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
3014000 USD
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
8515000 USD
CY2019Q3 us-gaap Revenues
Revenues
115415000 USD
CY2018Q3 us-gaap Revenues
Revenues
49301000 USD
us-gaap Revenues
Revenues
322365000 USD
us-gaap Revenues
Revenues
132964000 USD
CY2019Q3 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
102247000 USD
CY2018Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
92349000 USD
CY2019Q3 us-gaap Tenant Improvements
TenantImprovements
4446000 USD
CY2018Q4 us-gaap Tenant Improvements
TenantImprovements
4160000 USD
CY2019Q3 us-gaap Land Improvements
LandImprovements
484000 USD
CY2018Q4 us-gaap Land Improvements
LandImprovements
484000 USD
CY2019Q3 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
107177000 USD
CY2018Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
96993000 USD
CY2019Q3 us-gaap Real Estate Owned Accumulated Depreciation
RealEstateOwnedAccumulatedDepreciation
7513000 USD
CY2018Q4 us-gaap Real Estate Owned Accumulated Depreciation
RealEstateOwnedAccumulatedDepreciation
3970000 USD
CY2019Q3 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
99664000 USD
CY2018Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
93023000 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
8754000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
10954000 USD
CY2019Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
883724000 USD
CY2018Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
415888000 USD
CY2019Q3 us-gaap Land
Land
88509000 USD
CY2018Q4 us-gaap Land
Land
70373000 USD
CY2019Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
53166000 USD
CY2018Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
28317000 USD
CY2019Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
919067000 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
457944000 USD
CY2019Q3 fang Propertyplantandequipmentnotsubjecttodepreciationamortizationoraccretion
Propertyplantandequipmentnotsubjecttodepreciationamortizationoraccretion
100900000 USD
CY2018Q4 fang Propertyplantandequipmentnotsubjecttodepreciationamortizationoraccretion
Propertyplantandequipmentnotsubjecttodepreciationamortizationoraccretion
55200000 USD
CY2019Q3 fang Capitalized Internal Costs During Period
CapitalizedInternalCostsDuringPeriod
1400000 USD
CY2018Q3 fang Capitalized Internal Costs During Period
CapitalizedInternalCostsDuringPeriod
0 USD
CY2019Q3 us-gaap Accumulated Capitalized Interest Costs
AccumulatedCapitalizedInterestCosts
300000 USD
CY2018Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
561000 USD
CY2017Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
383000 USD
us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
7798000 USD
us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
136000 USD
us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
21000 USD
us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
0 USD
us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
5000 USD
us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
0 USD
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
1177000 USD
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
25000 USD
CY2019Q3 us-gaap Asset Retirement Obligation
AssetRetirementObligation
9520000 USD
CY2018Q3 us-gaap Asset Retirement Obligation
AssetRetirementObligation
544000 USD
us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
0 USD
CY2019Q3 fang Equity Method Investment Capitalized Interest
EquityMethodInvestmentCapitalizedInterest
100000 USD
CY2019Q3 us-gaap Long Term Debt
LongTermDebt
103000000 USD
CY2018Q4 us-gaap Long Term Debt
LongTermDebt
0 USD
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
15151515 shares
CY2019Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2200000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3000000.0 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
11531000 USD
us-gaap Net Income Loss
NetIncomeLoss
16334000 USD
CY2019Q3 us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
43700000 shares
us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
43564000 shares
CY2019Q3 us-gaap Weighted Average Numer Diluted Limited Partnership Units Outstanding Adjustment
WeightedAverageNumerDilutedLimitedPartnershipUnitsOutstandingAdjustment
1136000 shares
us-gaap Weighted Average Numer Diluted Limited Partnership Units Outstanding Adjustment
WeightedAverageNumerDilutedLimitedPartnershipUnitsOutstandingAdjustment
1146000 shares
CY2019Q3 us-gaap Weighted Average Limited Partnership Units Outstanding Diluted
WeightedAverageLimitedPartnershipUnitsOutstandingDiluted
44836000 shares
us-gaap Weighted Average Limited Partnership Units Outstanding Diluted
WeightedAverageLimitedPartnershipUnitsOutstandingDiluted
44710000 shares
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.26
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.37
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.26
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.37
us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
100000 USD
CY2019Q3 fang Eliminationofdeferredtax
Eliminationofdeferredtax
31100000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
18200000 USD
CY2019Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3300000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4700000 USD
CY2018Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4900000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
13100000 USD
CY2019Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.064
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.146
CY2018Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.216
CY2019Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
460000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
1570000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
1500000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
900000 USD
CY2019Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
700000 USD
CY2019Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
700000 USD
CY2019Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
700000 USD
CY2019Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P0Y8M12D
CY2019Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.085
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
335000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
426000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
761000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
19000 USD
CY2019Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
742000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
156965000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
60762000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
22850000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
13114000 USD
CY2019Q3 us-gaap Other Commitments Future Minimum Payments Remainder Of Fiscal Year
OtherCommitmentsFutureMinimumPaymentsRemainderOfFiscalYear
42800000 USD
CY2019Q3 us-gaap Other Commitment
OtherCommitment
141900000 USD
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
CY2019Q3 us-gaap Revenues
Revenues
115415000 USD
CY2018Q3 us-gaap Revenues
Revenues
49301000 USD
CY2019Q3 us-gaap Direct Operating Costs
DirectOperatingCosts
29789000 USD
CY2018Q3 us-gaap Direct Operating Costs
DirectOperatingCosts
8458000 USD
CY2019Q3 us-gaap Cost Of Goods And Service Excluding Depreciation Depletion And Amortization
CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization
17350000 USD
CY2018Q3 us-gaap Cost Of Goods And Service Excluding Depreciation Depletion And Amortization
CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization
10850000 USD
CY2019Q3 us-gaap Other Revenue Expense From Real Estate Operations
OtherRevenueExpenseFromRealEstateOperations
-742000 USD
CY2018Q3 us-gaap Other Revenue Expense From Real Estate Operations
OtherRevenueExpenseFromRealEstateOperations
-553000 USD
CY2019Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
11736000 USD
CY2018Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
6039000 USD
CY2019Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
51374000 USD
CY2018Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
22672000 USD
CY2019Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3294000 USD
CY2018Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4892000 USD
CY2019Q3 us-gaap Profit Loss
ProfitLoss
48080000 USD
CY2018Q3 us-gaap Profit Loss
ProfitLoss
17780000 USD
us-gaap Revenues
Revenues
322365000 USD
us-gaap Revenues
Revenues
132964000 USD
us-gaap Direct Operating Costs
DirectOperatingCosts
76381000 USD
us-gaap Direct Operating Costs
DirectOperatingCosts
24656000 USD
us-gaap Cost Of Goods And Service Excluding Depreciation Depletion And Amortization
CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization
46252000 USD
us-gaap Cost Of Goods And Service Excluding Depreciation Depletion And Amortization
CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization
24368000 USD
us-gaap Other Revenue Expense From Real Estate Operations
OtherRevenueExpenseFromRealEstateOperations
-1963000 USD
us-gaap Other Revenue Expense From Real Estate Operations
OtherRevenueExpenseFromRealEstateOperations
-1371000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
4000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-2568000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
31798000 USD
us-gaap Profit Loss
ProfitLoss
134115000 USD
us-gaap Profit Loss
ProfitLoss
47648000 USD

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