$KNTK
Kinetik Holdings Inc.

2020 Q1 Form 10-Q Financial Statement

#000178403120000006 Filed on May 07, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2019 Q1
Revenue $40.87M $33.85M
YoY Change 20.75% 179.75%
Cost Of Revenue $10.59M $16.40M
YoY Change -35.42% 49.19%
Gross Profit $30.28M $17.45M
YoY Change 73.53% 1476.15%
Gross Profit Margin 74.09% 51.55%
Selling, General & Admin $7.600M $5.600M
YoY Change 35.71% 12.0%
% of Gross Profit 25.1% 32.1%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.914M $7.651M
YoY Change -48.84% 106.5%
% of Gross Profit 12.93% 43.85%
Operating Expenses $11.50M $13.20M
YoY Change -12.88% 5947.28%
Operating Profit $18.65M $4.231M
YoY Change 340.84% -155.89%
Interest Expense $7.000K $2.161M
YoY Change -99.68%
% of Operating Profit 0.04% 51.08%
Other Income/Expense, Net -$44.45M $2.431M
YoY Change -1928.3% 107.55%
Pretax Income -$26.07M $6.154M
YoY Change -523.58% 545.76%
Income Tax -$700.0K $400.0K
% Of Pretax Income 6.5%
Net Earnings -$25.37M $5.728M
YoY Change -542.93% 701.44%
Net Earnings / Revenue -62.08% 16.92%
Basic Earnings Per Share -$2.16 $0.01
Diluted Earnings Per Share -$2.69 $0.01
COMMON SHARES
Basic Shares Outstanding 3.746M shares 74.93M shares
Diluted Shares Outstanding 16.25M shares 324.9M shares

Balance Sheet

Concept 2020 Q1 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $19.30M $177.4M
YoY Change -89.12% 59033.33%
Cash & Equivalents $19.30M $177.4M
Short-Term Investments
Other Short-Term Assets $1.300M $2.200M
YoY Change -40.91% 2100.0%
Inventory $4.209M $5.941M
Prepaid Expenses
Receivables $12.80M $40.50M
Other Receivables $0.00 $0.00
Total Short-Term Assets $37.54M $226.0M
YoY Change -83.39% 60001.73%
LONG-TERM ASSETS
Property, Plant & Equipment $208.5M $1.360B
YoY Change -84.66%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $1.337B $209.4M
YoY Change 538.39% -44.86%
Other Assets $1.342B $282.2M
YoY Change 375.66%
Total Long-Term Assets $1.551B $1.642B
YoY Change -5.54% 332.3%
TOTAL ASSETS
Total Short-Term Assets $37.54M $226.0M
Total Long-Term Assets $1.551B $1.642B
Total Assets $1.589B $1.868B
YoY Change -14.96% 391.32%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $0.00
YoY Change
Accrued Expenses $11.60M $69.20M
YoY Change -83.24% 9244.78%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $29.00M
YoY Change -100.0%
Total Short-Term Liabilities $12.73M $101.0M
YoY Change -87.4% 9897.84%
LONG-TERM LIABILITIES
Long-Term Debt $468.0M $0.00
YoY Change
Other Long-Term Liabilities $6.424M $1.497M
YoY Change 329.12% -88.66%
Total Long-Term Liabilities $6.424M $34.45M
YoY Change -81.35% 160.97%
TOTAL LIABILITIES
Total Short-Term Liabilities $12.73M $101.0M
Total Long-Term Liabilities $6.424M $34.45M
Total Liabilities $713.0M $135.5M
YoY Change 426.21% 853.05%
SHAREHOLDERS EQUITY
Retained Earnings -$369.4M -$212.6M
YoY Change 73.73% -40586.49%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $70.20M $228.0M
YoY Change
Total Liabilities & Shareholders Equity $1.589B $1.868B
YoY Change -14.96% 391.32%

Cashflow Statement

Concept 2020 Q1 2019 Q1
OPERATING ACTIVITIES
Net Income -$25.37M $5.728M
YoY Change -542.93% 701.44%
Depreciation, Depletion And Amortization $3.914M $7.651M
YoY Change -48.84% 106.5%
Cash From Operating Activities $51.54M $10.05M
YoY Change 412.61%
INVESTING ACTIVITIES
Capital Expenditures $19.10M $164.5M
YoY Change -88.39%
Acquisitions
YoY Change
Other Investing Activities -$78.50M -$118.0M
YoY Change -33.47%
Cash From Investing Activities -$97.62M -$282.6M
YoY Change -65.45%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $59.40M $0.00
YoY Change
NET CHANGE
Cash From Operating Activities $51.54M $10.05M
Cash From Investing Activities -$97.62M -$282.6M
Cash From Financing Activities $59.40M $0.00
Net Change In Cash $13.32M -$272.5M
YoY Change -104.89%
FREE CASH FLOW
Cash From Operating Activities $51.54M $10.05M
Capital Expenditures $19.10M $164.5M
Free Cash Flow $32.44M -$154.5M
YoY Change -121.0%

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CY2019Q1 us-gaap Interest Paid Capitalized
InterestPaidCapitalized
0 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-97615000 USD
CY2019Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-282551000 USD
CY2020Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
72000000 USD
CY2019Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0 USD
CY2019Q1 us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
-440628000 USD
CY2020Q1 us-gaap Interest Paid Net
InterestPaidNet
0 USD
CY2019Q1 us-gaap Interest Paid Net
InterestPaidNet
232000 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
-213714000 USD
CY2019Q1 apa Net Income Loss Available To Common Stockholders Excluding Accretion Of Redeemable Noncontrolling Interest
NetIncomeLossAvailableToCommonStockholdersExcludingAccretionOfRedeemableNoncontrollingInterest
1100000 USD
CY2019Q1 us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
-440628000 USD
CY2020Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
11789000 USD
CY2019Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
0 USD
CY2020Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
816000 USD
CY2019Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
59395000 USD
CY2019Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
0 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
13318000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-272497000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5983000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
449935000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
19301000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
177438000 USD
CY2020Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
6557000 USD
CY2019Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
29792000 USD
CY2020Q1 apa Finance Lease Liability Supplemental Cash Flow Disclosure
FinanceLeaseLiabilitySupplementalCashFlowDisclosure
0 USD
CY2019Q1 apa Finance Lease Liability Supplemental Cash Flow Disclosure
FinanceLeaseLiabilitySupplementalCashFlowDisclosure
29000000 USD
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
228014000 USD
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
-353075000 USD
CY2020Q1 apa Net Income Loss Available To Common Stockholders Excluding Accretion Of Redeemable Noncontrolling Interest
NetIncomeLossAvailableToCommonStockholdersExcludingAccretionOfRedeemableNoncontrollingInterest
-9853000 USD
CY2020Q1 us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
-433710000 USD
CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
70509000 USD
CY2020Q1 us-gaap Nature Of Operations
NatureOfOperations
<div style="line-height:120%;padding-top:13px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">Nature of Operations</span></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">    </span></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Through its consolidated subsidiaries, Altus Midstream Company owns gas gathering, processing and transmission assets in the Permian Basin of West Texas. Construction on the assets began in the fourth quarter of 2016, and operations commenced in the second quarter of 2017. Additionally, Altus owns equity interests in </span><span style="font-family:inherit;font-size:10pt;"><span>four</span></span><span style="font-family:inherit;font-size:10pt;"> separate Permian Basin pipeline entities that will have access to various points along the Texas Gulf Coast, providing the Company with additional access to fully integrated, wellhead-to-water connectivity. The Company’s operations consist of </span><span style="font-family:inherit;font-size:10pt;"><span>one</span></span><span style="font-family:inherit;font-size:10pt;"> reportable segment.  </span></div><div style="line-height:120%;padding-top:13px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">Organization</span></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:29px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Altus originally incorporated on December 12, 2016 in Delaware under the name Kayne Anderson Acquisition Corp. (KAAC), for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. KAAC completed its initial public offering in the second quarter of 2017.</span></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:29px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">On August 3, 2018, Altus Midstream LP was formed in Delaware as a limited partnership and wholly-owned subsidiary of KAAC. On August 8, 2018, KAAC and Altus Midstream LP entered into a contribution agreement (the Contribution Agreement) with certain wholly-owned subsidiaries of Apache Corporation (Apache), including the Altus Midstream Entities. The Altus Midstream Entities comprise </span><span style="font-family:inherit;font-size:10pt;"><span>four</span></span><span style="font-family:inherit;font-size:10pt;"> Delaware limited partnerships (collectively, Altus Midstream Operating) and their general partner (Altus Midstream Subsidiary GP LLC, a Delaware limited liability company), formed by Apache between May 2016 and January 2017 for the purpose of acquiring, developing, and operating midstream oil and gas assets in the Alpine High resource play and surrounding areas (Alpine High). </span></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:29px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">On November 9, 2018 (the Closing Date) and pursuant to the terms of the Contribution Agreement, KAAC acquired from Apache the entire equity interests of the Altus Midstream Entities and options to acquire equity interests in five separate third-party pipeline projects (the Pipeline Options). The acquisition of the entities and the Pipeline Options is referred to herein as the Business Combination. In exchange, the consideration provided to Apache included economic voting and non-economic voting shares in KAAC and common units representing limited partner interests in Altus Midstream LP (Common Units). Following the Closing Date and in connection with the completion of the Business Combination, KAAC changed its name to Altus Midstream Company. </span></div><div style="line-height:120%;padding-top:13px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">Ownership of Altus Midstream LP</span></div><div style="line-height:120%;padding-top:16px;text-align:justify;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Following the Closing Date and in connection with the completion of the Business Combination, Altus Midstream Company’s wholly-owned subsidiary, Altus Midstream GP LLC, a Delaware limited liability company (Altus Midstream GP), is the sole general partner of Altus Midstream LP. Altus Midstream Company operates its business through Altus Midstream LP and its subsidiaries, which include Altus Midstream Operating (collectively Altus Midstream). Altus Midstream Company held approximately </span><span style="font-family:inherit;font-size:10pt;"><span>23.1 percent</span></span><span style="font-family:inherit;font-size:10pt;"> of the outstanding Common Units, and a controlling interest in Altus Midstream, while Apache held the remaining </span><span style="font-family:inherit;font-size:10pt;"><span>76.9 percent</span></span><span style="font-family:inherit;font-size:10pt;">. Altus Midstream Company’s Class A </span><span style="font-family:inherit;font-size:10pt;"><span>$0.0001</span></span><span style="font-family:inherit;font-size:10pt;"> par value (Class A Common Stock), continued trading on the Nasdaq under the new symbol “ALTM.”</span></div>
CY2020Q1 apa Number Of Pipeline Options
NumberOfPipelineOptions
4 pipeline
CY2020Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 Segment
CY2020Q1 apa Number Of Limited Partnerships
NumberOfLimitedPartnerships
4 partnership
CY2020Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
4417000 USD
CY2020Q1 us-gaap Use Of Estimates
UseOfEstimates
<div style="line-height:120%;padding-top:13px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">Use of Estimates</span></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Preparation of financial statements in conformity with GAAP and disclosure of contingent assets and liabilities requires management to make estimates and assumptions that affect reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company bases its estimates on historical experience and various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about carrying values of assets and liabilities that are not readily apparent from other sources. The Company evaluates its estimates and assumptions on a regular basis. Actual results may differ from these estimates and assumptions used in preparation of its financial statements, and changes in these estimates are recorded when known.</span></div>
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1468000 USD
CY2020Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
40767000 USD
CY2019Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
33847000 USD
CY2020Q1 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
11700000 USD
CY2019Q4 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
15500000 USD
CY2020Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
212940000 USD
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
207270000 USD
CY2020Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
208523000 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
205802000 USD
CY2019Q4 us-gaap Proceeds From Sale Of Oil And Gas Property And Equipment
ProceedsFromSaleOfOilAndGasPropertyAndEquipment
13300000 USD
CY2020Q1 us-gaap Long Term Debt
LongTermDebt
468000000.0 USD
CY2019Q4 us-gaap Long Term Debt
LongTermDebt
396000000.0 USD
CY2020Q1 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
0 USD
CY2020Q1 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
468000000.0 USD
CY2019Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
405800000 USD
CY2019Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
9800000 USD
CY2020Q1 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
7000 USD
CY2019Q1 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
2161000 USD
CY2020Q1 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
7000 USD
CY2019Q1 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
2161000 USD
CY2020Q1 us-gaap Interest Expense Debt
InterestExpenseDebt
3358000 USD
CY2019Q1 us-gaap Interest Expense Debt
InterestExpenseDebt
709000 USD
CY2020Q1 us-gaap Amortization Of Deferred Charges
AmortizationOfDeferredCharges
273000 USD
CY2019Q1 us-gaap Amortization Of Deferred Charges
AmortizationOfDeferredCharges
193000 USD
CY2020Q1 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
3358000 USD
CY2019Q1 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
394000 USD
CY2020Q1 us-gaap Interest Costs Incurred
InterestCostsIncurred
273000 USD
CY2019Q1 us-gaap Interest Costs Incurred
InterestCostsIncurred
508000 USD
CY2019Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
158000 USD
CY2020Q1 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
376000 USD
CY2019Q4 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
1425000 USD
CY2020Q1 apa Accrued Capital Costs Current
AccruedCapitalCostsCurrent
4817000 USD
CY2019Q4 apa Accrued Capital Costs Current
AccruedCapitalCostsCurrent
17035000 USD
CY2020Q1 apa Accrued Taxes Other Than Income Tax Current
AccruedTaxesOtherThanIncomeTaxCurrent
3733000 USD
CY2019Q4 apa Accrued Taxes Other Than Income Tax Current
AccruedTaxesOtherThanIncomeTaxCurrent
689000 USD
CY2020Q1 apa Accrued Operating Expenses
AccruedOperatingExpenses
1380000 USD
CY2019Q4 apa Accrued Operating Expenses
AccruedOperatingExpenses
1520000 USD
CY2020Q1 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
1288000 USD
CY2020Q1 apa Accrued Finance Lease Liability
AccruedFinanceLeaseLiability
0 USD
CY2019Q4 apa Accrued Finance Lease Liability
AccruedFinanceLeaseLiability
1989000 USD
CY2020Q1 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
1134000 USD
CY2019Q4 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
1109000 USD
CY2020Q1 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
12728000 USD
CY2019Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
23925000 USD
CY2020Q1 us-gaap Retained Earnings Undistributed Earnings From Equity Method Investees
RetainedEarningsUndistributedEarningsFromEquityMethodInvestees
1600000 USD
CY2019Q4 us-gaap Equity Method Investments
EquityMethodInvestments
1258048000 USD
CY2020Q1 apa Equity Method Investment Contribution
EquityMethodInvestmentContribution
82827000 USD
CY2020Q1 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
0 USD
CY2020Q1 us-gaap Equity Method Investments
EquityMethodInvestments
1336810000 USD
CY2019Q4 us-gaap Equity Method Investments
EquityMethodInvestments
1258048000 USD
CY2020Q1 us-gaap Equity Method Investment Difference Between Carrying Amount And Underlying Equity
EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquity
32800000 USD
CY2019Q4 us-gaap Equity Method Investment Difference Between Carrying Amount And Underlying Equity
EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquity
29700000 USD
CY2020Q1 apa Proceedsfrom Equity Method Investment Distribution Including Return Of Capital
ProceedsfromEquityMethodInvestmentDistributionIncludingReturnOfCapital
22537000 USD
CY2020Q1 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
3358000 USD
CY2020Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
16298000 USD
CY2020Q1 apa Equity Method Investment Accumulated Other Comprehensive Income Loss
EquityMethodInvestmentAccumulatedOtherComprehensiveIncomeLoss
-1184000 USD
CY2020Q1 us-gaap Equity Method Investments
EquityMethodInvestments
1336810000 USD
CY2019Q1 us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
10378000 USD
CY2019Q1 apa Equity Method Investment Summarized Financial Information Operating Expenses
EquityMethodInvestmentSummarizedFinancialInformationOperatingExpenses
5159000 USD
CY2019Q1 apa Equity Method Investment Summarized Financial Information Operating Income
EquityMethodInvestmentSummarizedFinancialInformationOperatingIncome
5219000 USD
CY2019Q1 us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
5219000 USD
CY2020Q1 apa Redeemable Noncontrolling Interest Redemption Value Measurement Period
RedeemableNoncontrollingInterestRedemptionValueMeasurementPeriod
P5D
CY2020Q1 apa Redeemable Noncontrolling Interest Redemption Value Measurement Period
RedeemableNoncontrollingInterestRedemptionValueMeasurementPeriod
P5D
CY2020Q1 us-gaap Redeemable Noncontrolling Interest Equity Common Carrying Amount
RedeemableNoncontrollingInterestEquityCommonCarryingAmount
231200000 USD
CY2020Q1 apa Redeemable Noncontrolling Interest Redemption Value Measurement Period
RedeemableNoncontrollingInterestRedemptionValueMeasurementPeriod
P5D
CY2020Q1 us-gaap Redeemable Noncontrolling Interest Equity Redemption Value
RedeemableNoncontrollingInterestEquityRedemptionValue
182000000 USD
CY2019Q4 us-gaap Redeemable Noncontrolling Interest Equity Common Carrying Amount
RedeemableNoncontrollingInterestEquityCommonCarryingAmount
701000000.0 USD
CY2019Q2 us-gaap Redeemable Noncontrolling Interest Equity Preferred Carrying Amount
RedeemableNoncontrollingInterestEquityPreferredCarryingAmount
516790000 USD
CY2019Q2 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
94459000 USD
CY2019Q2 apa Redeemable Noncontrolling Interest Equity Preferred Transaction Price Net
RedeemableNoncontrollingInterestEquityPreferredTransactionPriceNet
611249000 USD
CY2020Q1 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
164913000 USD
CY2020Q1 apa Redeemable Noncontrolling Interest Including Embedded Derivative Liability
RedeemableNoncontrollingInterestIncludingEmbeddedDerivativeLiability
738774000 USD
CY2020Q1 apa Preferred Units Redemption Price
PreferredUnitsRedemptionPrice
682100000 USD
CY2020Q1 apa Redeemable Noncontrolling Interest Equity Preferred Redemption Terms Internal Rate Of Return
RedeemableNoncontrollingInterestEquityPreferredRedemptionTermsInternalRateOfReturn
0.115
CY2020Q1 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-700000 USD
CY2020Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-9853000 USD
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
74929000 shares
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.13
CY2019Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1100000 USD
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
74929000 shares
CY2019Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.01
CY2020Q1 us-gaap Dilutive Securities
DilutiveSecurities
-35201000 USD
CY2020Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
250000000 shares
CY2019Q1 us-gaap Dilutive Securities
DilutiveSecurities
3525000 USD
CY2019Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
250000000 shares
CY2020Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-45054000 USD
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
324929000 shares
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.14
CY2019Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
4625000 USD
CY2019Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
324929000 shares
CY2019Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.01
CY2019Q2 us-gaap Embedded Derivative Fair Value Of Embedded Derivative Liability
EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability
94500000 USD
CY2020Q1 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-62000000.0 USD

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