Kinetik Quarterly Balance Sheets Chart
Quarterly
|
Annual
Kinetik Quarterly Balance Sheets Table
Quarterly
|
Annual
Unit: USD | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-06-30 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | ||||||||||||||||||||||||||||||||
current assets: | ||||||||||||||||||||||||||||||||
cash and cash equivalents | 10,733,000 | 8,845,000 | 3,606,000 | 20,438,000 | 12,549,000 | 9,756,000 | 4,510,000 | 68,000 | 2,237,000 | 1,984,000 | 6,394,000 | 11,728,000 | 5,319,000 | 17,646,000 | 131,963,000 | 108,988,000 | 75,092,000 | 51,306,000 | 24,188,000 | 1,983,000 | 1,880,000 | 19,301,000 | 5,983,000 | 2,594,000 | 376,920,000 | 177,438,000 | 449,935,000 | |||||
accounts receivable | 62,913,000 | 122,527,000 | 111,940,000 | 65,615,000 | 94,438,000 | 209,878,000 | 215,721,000 | 230,572,000 | 181,536,000 | 199,028,000 | 204,036,000 | 269,634,000 | 296,218,000 | 262,575,000 | 2,249,000 | 1,956,000 | 1,259,000 | 1,033,000 | 556,000 | |||||||||||||
accounts receivable pledged | 189,300,000 | 148,800,000 | 140,200,000 | 150,000,000 | 148,800,000 | |||||||||||||||||||||||||||
derivative assets | 12,799,000 | 2,285,000 | 2,308,000 | 6,276,000 | 11,256,000 | 10,264,000 | 7,812,000 | 21,635,000 | 27,604,000 | 13,834,000 | 6,963,000 | 365,000 | ||||||||||||||||||||
prepaid and other current assets | 36,884,000 | 32,541,000 | 36,705,000 | 43,549,000 | 32,258,000 | 27,391,000 | 29,256,000 | 36,193,000 | 36,458,000 | 31,366,000 | 24,474,000 | 37,431,000 | 40,226,000 | 28,881,000 | ||||||||||||||||||
noncurrent assets: | ||||||||||||||||||||||||||||||||
property, plant and equipment | 3,731,821,000 | 3,640,569,000 | 3,433,864,000 | 3,226,884,000 | 3,192,726,000 | 2,747,483,000 | 2,743,227,000 | 2,720,447,000 | 2,691,906,000 | 2,634,173,000 | 2,535,212,000 | 2,528,659,000 | 2,481,072,000 | 2,477,944,000 | 211,231,000 | 209,650,000 | 209,323,000 | 215,402,000 | 214,389,000 | 212,940,000 | 1,494,658,000 | 1,489,640,000 | 1,391,341,000 | |||||||||
intangible assets | 607,752,000 | 633,775,000 | 652,490,000 | 878,141,000 | 936,216,000 | 562,837,000 | 591,670,000 | 620,790,000 | 649,897,000 | 676,516,000 | 695,389,000 | 722,391,000 | 747,721,000 | 772,979,000 | ||||||||||||||||||
derivative asset, non-current | 1,868,000 | 83,000 | 65,000 | 1,593,000 | 504,000 | 134,000 | 165,000 | 2,444,000 | 124,000 | |||||||||||||||||||||||
operating lease right-of-use assets | 79,561,000 | 35,356,000 | 29,814,000 | 38,101,000 | 47,509,000 | 27,015,000 | 37,569,000 | 48,102,000 | 58,581,000 | 64,097,000 | 28,551,000 | 34,677,000 | 53,016,000 | 57,199,000 | ||||||||||||||||||
deferred tax assets | 222,761,000 | 207,729,000 | 203,671,000 | 211,217,000 | 238,258,000 | |||||||||||||||||||||||||||
deferred charges and other assets | 84,276,000 | 80,749,000 | 76,994,000 | 79,169,000 | 81,423,000 | 83,213,000 | 85,250,000 | 81,475,000 | 83,513,000 | 85,551,000 | 32,275,000 | 25,505,000 | 26,384,000 | 21,563,000 | ||||||||||||||||||
investments in unconsolidated affiliates | 2,105,252,000 | 2,112,347,000 | 2,117,878,000 | 2,141,947,000 | 2,075,888,000 | 2,526,278,000 | 2,540,989,000 | 2,519,213,000 | 2,490,112,000 | |||||||||||||||||||||||
goodwill | 5,077,000 | 5,077,000 | 5,077,000 | 5,077,000 | 15,488,000 | 5,077,000 | 5,077,000 | 5,077,000 | 5,077,000 | 5,077,000 | 5,077,000 | 4,557,000 | 4,081,000 | 3,894,000 | ||||||||||||||||||
total assets | 7,150,997,000 | 7,030,683,000 | 6,814,937,000 | 6,860,461,000 | 6,860,272,000 | 6,447,584,000 | 6,496,873,000 | 6,286,016,000 | 6,226,921,000 | 6,124,655,000 | 5,919,711,000 | 6,007,178,000 | 5,996,348,000 | 6,013,657,000 | 1,724,670,000 | 1,865,934,000 | 1,853,654,000 | 1,842,576,000 | 1,799,630,000 | 1,756,370,000 | 1,642,243,000 | 1,588,533,000 | 1,500,854,000 | 2,661,835,000 | 2,444,734,000 | 1,868,008,000 | 1,857,319,000 | 382,545,725 | 380,951,182 | 602,561,379,083,680,400,000,000,000,000,000,000,000,000 | ||
liabilities, noncontrolling interest and equity | ||||||||||||||||||||||||||||||||
current liabilities: | ||||||||||||||||||||||||||||||||
accounts payable | 36,573,000 | 38,672,000 | 27,239,000 | 17,160,000 | 44,462,000 | 16,467,000 | 34,000,000 | 17,624,000 | 36,248,000 | 18,323,000 | 17,899,000 | 16,002,000 | 10,907,000 | 10,900,000 | ||||||||||||||||||
accrued expenses | 218,625,000 | 233,725,000 | 186,714,000 | 191,789,000 | 157,318,000 | 170,075,000 | 177,421,000 | 188,062,000 | 112,086,000 | 176,307,000 | 173,914,000 | 235,160,000 | 245,951,000 | 210,355,000 | 2,738,179 | 1,049,049 | ||||||||||||||||
derivative liabilities | 3,215,000 | 27,466,000 | 10,011,000 | 6,743,000 | 7,476,000 | 14,811,000 | 1,734,000 | 4,863,000 | 4,585,000 | 6,662,000 | 5,718,000 | 7,000 | ||||||||||||||||||||
current portion of operating lease liabilities | 42,483,000 | 15,810,000 | 18,701,000 | 25,483,000 | 32,985,000 | 24,987,000 | 29,203,000 | 33,434,000 | 37,826,000 | 39,773,000 | 22,810,000 | 25,466,000 | 35,327,000 | 33,029,000 | ||||||||||||||||||
current debt obligations | 189,300,000 | 148,800,000 | 140,200,000 | 150,000,000 | 148,800,000 | |||||||||||||||||||||||||||
other current liabilities | 11,627,000 | 10,843,000 | 35,689,000 | 7,505,000 | 7,830,000 | 7,611,000 | 7,786,000 | 7,106,000 | 8,605,000 | 7,236,000 | 7,487,000 | 8,039,000 | 6,835,000 | 5,912,000 | 15,682,000 | 15,907,000 | 13,582,000 | 10,322,000 | 5,613,000 | 16,544,000 | 11,941,000 | 12,728,000 | 23,925,000 | 38,816,000 | 47,241,000 | 72,046,000 | 84,926,000 | |||||
noncurrent liabilities | ||||||||||||||||||||||||||||||||
long term debt | 3,736,972,000 | 3,568,457,000 | 3,363,996,000 | 3,279,689,000 | 3,258,403,000 | 3,517,115,000 | 3,562,809,000 | 3,606,962,000 | 3,625,799,000 | 3,511,648,000 | 3,368,510,000 | |||||||||||||||||||||
contract liabilities | 20,932,000 | 20,354,000 | 20,985,000 | 21,858,000 | 22,960,000 | 24,837,000 | 25,761,000 | 25,500,000 | 24,535,000 | 21,991,000 | 22,693,000 | 22,707,000 | 22,899,000 | 22,342,000 | ||||||||||||||||||
operating lease liabilities | 38,046,000 | 20,170,000 | 11,490,000 | 13,147,000 | 15,098,000 | 3,014,000 | 9,349,000 | 15,633,000 | 21,715,000 | 25,238,000 | 6,023,000 | 9,033,000 | 17,447,000 | 24,044,000 | ||||||||||||||||||
other liabilities | 24,585,000 | 25,698,000 | 2,148,000 | 67,517,000 | 66,117,000 | 3,230,000 | 3,219,000 | 3,272,000 | 3,278,000 | 4,310,000 | 2,677,000 | 2,867,000 | 2,459,000 | 2,717,000 | ||||||||||||||||||
deferred tax liabilities | 18,193,000 | 17,852,000 | 16,761,000 | 16,014,000 | 15,404,000 | 13,785,000 | 13,244,000 | 12,693,000 | 11,621,000 | 11,381,000 | 11,018,000 | 13,082,000 | 11,813,000 | 11,876,000 | ||||||||||||||||||
total liabilities | 4,340,551,000 | 4,129,781,000 | 3,835,871,000 | 3,797,986,000 | 3,777,574,000 | 3,796,350,000 | 3,869,889,000 | 3,915,531,000 | 3,890,059,000 | 3,849,992,000 | 3,647,077,000 | 3,779,869,000 | 3,363,050,000 | 3,505,313,000 | 819,588,000 | 878,121,000 | 879,598,000 | 906,429,000 | 862,593,000 | 844,329,000 | 748,643,000 | 712,985,000 | 597,330,000 | 427,851,000 | 201,971,000 | 135,494,000 | 130,533,000 | 16,932,279 | 14,384,083 | 57,993,714,353,588,140,000,000,000,000,000,000,000 | ||
commitments and contingencies | ||||||||||||||||||||||||||||||||
redeemable noncontrolling interest — common unit limited partners | 4,376,104,000 | 5,450,555,000 | 5,955,662,000 | 4,783,180,000 | 4,289,591,000 | 3,624,670,000 | 3,157,807,000 | 3,208,501,000 | 3,242,619,000 | 2,910,861,000 | 3,112,409,000 | 3,061,861,000 | 3,251,290,000 | 3,185,431,000 | ||||||||||||||||||
equity: | ||||||||||||||||||||||||||||||||
class a common stock: 0.0001 par, 1,500,000,000 shares authorized, 65,198,317 shares issued and 63,545,388 shares outstanding at june 30, 2025, and 59,929,611 shares issued and outstanding at december 31, 2024 | 6,000 | |||||||||||||||||||||||||||||||
class c common stock: 0.0001 par, 1,500,000,000 shares authorized, 92,777,112 and 97,783,034 shares issued and outstanding at june 30, 2025 and december 31, 2024, respectively | 9,000 | |||||||||||||||||||||||||||||||
deferred consideration | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | |||||||||||||||||||||||||||
additional paid-in capital | 288,295,000 | 66,966,000 | 192,678,000 | 91,747,000 | 229,672,000 | 118,840,000 | 107,182,000 | 38,217,000 | 144,716,000 | 473,532,000 | 473,532,000 | 473,502,000 | 39,792,000 | 473,502,000 | 473,502,000 | 440,628,000 | 4,844,480 | 3,890,840 | ||||||||||||||
accumulated deficit | -1,781,415,000 | -2,616,635,000 | -2,976,612,000 | -1,720,721,000 | -1,206,909,000 | -973,451,000 | -723,516,000 | -929,778,000 | -902,446,000 | -863,452,000 | -958,629,000 | -941,747,000 | -1,181,343,000 | -1,137,867,000 | -577,251,000 | -484,142,000 | -506,200,000 | -369,253,000 | -391,042,000 | -400,438,000 | -402,741,000 | -402,486,000 | -392,633,000 | -29,020,000 | -24,156,000 | -212,646,000 | -213,746,000 | |||||
treasury stock | -72,554,000 | -3,325,000 | -2,432,000 | |||||||||||||||||||||||||||||
total equity | -1,565,658,000 | -2,549,653,000 | -2,976,596,000 | -1,720,705,000 | -1,206,893,000 | -973,436,000 | -530,823,000 | -838,016,000 | -905,757,000 | -636,198,000 | -839,775,000 | |||||||||||||||||||||
total liabilities, noncontrolling interest and equity | 7,150,997,000 | |||||||||||||||||||||||||||||||
liabilities, noncontrolling interest, and equity | ||||||||||||||||||||||||||||||||
class a common stock: 0.0001 par, 1,500,000,000 shares authorized, 60,922,044 and 59,929,611 shares issued and outstanding at march 31, 2025 and december 31, 2024, respectively | 6,000 | |||||||||||||||||||||||||||||||
class c common stock: 0.0001 par, 1,500,000,000 shares authorized, 97,039,202 and 97,783,034 shares issued and outstanding at march 31, 2025 and december 31, 2024, respectively | 9,000 | |||||||||||||||||||||||||||||||
total liabilities, noncontrolling interest, and equity | 7,030,683,000 | 6,814,937,000 | 6,860,461,000 | 6,860,272,000 | 6,447,584,000 | 6,496,873,000 | 6,286,016,000 | 6,226,921,000 | 6,124,655,000 | 1,868,008,000 | 1,857,319,000 | |||||||||||||||||||||
deferred tax asset | 203,996,000 | 235,627,000 | 68,598,000 | 67,971,000 | 67,225,000 | 67,558,000 | ||||||||||||||||||||||||||
class a common stock: 0.0001 par, 1,500,000,000 shares authorized, 59,929,611 and 57,096,538 shares issued and outstanding at december 31, 2024 and 2023, respectively | 6,000 | |||||||||||||||||||||||||||||||
class c common stock: 0.0001 par, 1,500,000,000 shares authorized, 97,783,034 and 94,089,038 shares issued and outstanding at december 31, 2024 and 2023, respectively | 9,000 | |||||||||||||||||||||||||||||||
class a common stock: 0.0001 par, 1,500,000,000 shares authorized, 59,751,435 and 57,096,538 shares issued and outstanding at september 30, 2024 and december 31, 2023, respectively | 6,000 | |||||||||||||||||||||||||||||||
class c common stock: 0.0001 par, 1,500,000,000 shares authorized, 97,783,034 and 94,089,038 shares issued and outstanding at september 30, 2024 and december 31, 2023, respectively | 9,000 | |||||||||||||||||||||||||||||||
class a common stock: 0.0001 par, 1,500,000,000 shares authorized, 59,735,864 and 57,096,538 shares issued and outstanding at june 30, 2024 and december 31, 2023, respectively | 6,000 | |||||||||||||||||||||||||||||||
class c common stock: 0.0001 par, 1,500,000,000 shares authorized, 97,783,034 and 94,089,038 shares issued and outstanding at june 30, 2024 and december 31, 2023, respectively | 9,000 | |||||||||||||||||||||||||||||||
class a common stock: 0.0001 par, 1,500,000,000 shares authorized, 59,712,487 and 57,096,538 shares issued and outstanding at march 31, 2024 and december 31, 2023, respectively | 6,000 | |||||||||||||||||||||||||||||||
class c common stock: 0.0001 par, 1,500,000,000 shares authorized, 93,942,788 and 94,089,038 shares issued and outstanding at march 31, 2024 and december 31, 2023, respectively | 9,000 | |||||||||||||||||||||||||||||||
class a common stock: 0.0001 par, 1,500,000,000 shares authorized, 57,096,538 and 45,679,447 shares issued and outstanding at december 31, 2023 and 2022, respectively | 6,000 | |||||||||||||||||||||||||||||||
class c common stock: 0.0001 par, 1,500,000,000 shares authorized, 94,089,038 and 94,270,000 shares issued and outstanding at december 31, 2023 and 2022, respectively | 9,000 | |||||||||||||||||||||||||||||||
class a common stock: 0.0001 par, 1,500,000,000 shares authorized, 54,519,658 and 45,679,447 shares issued and outstanding at september 30, 2023 and december 31, 2022, respectively | 6,000 | |||||||||||||||||||||||||||||||
class c common stock: 0.0001 par, 1,500,000,000 shares authorized, 94,089,038 and 94,270,000 shares issued and outstanding at september 30, 2023 and december 31, 2022, respectively | 9,000 | |||||||||||||||||||||||||||||||
class a common stock: 0.0001 par, 1,500,000,000 shares authorized, 52,085,784 shares issued 51,973,472 shares outstanding at june 30, 2023 and 45,679,447 shares issued and outstanding and december 31, 2022, respectively | 5,000 | |||||||||||||||||||||||||||||||
class c common stock: 0.0001 par, 1,500,000,000 shares authorized, 94,089,038 and 94,270,000 shares issued and outstanding at june 30, 2023 and december 31, 2022, respectively | 9,000 | |||||||||||||||||||||||||||||||
investment in unconsolidated affiliate | 2,412,905,000 | 2,381,340,000 | ||||||||||||||||||||||||||||||
class a common stock: 0.0001 par, 1,500,000,000 shares authorized, 49,054,411 and 45,679,447 shares issued and outstanding at march 31, 2023 and december 31, 2022, respectively | 5,000 | |||||||||||||||||||||||||||||||
class c common stock: 0.0001 par, 1,500,000,000 shares authorized, 94,089,038 and 94,270,000 shares issued and outstanding at march 31, 2023 and december 31, 2022, respectively | 9,000 | |||||||||||||||||||||||||||||||
liabilities, noncontrolling interests, and equity | ||||||||||||||||||||||||||||||||
current portion of long-term debt | 54,324,000 | |||||||||||||||||||||||||||||||
contingent liabilities | 839,000 | |||||||||||||||||||||||||||||||
class a common stock: 0.0001 par, 1,500,000,000 shares authorized, 45,679,447 and nil shares issued and outstanding at december 31, 2022 and december 31, 2021, respectively | 5,000 | |||||||||||||||||||||||||||||||
class c common stock: 0.0001 par, 1,500,000,000 shares authorized, 94,270,000 and 100,000,000 shares issued and outstanding at december 31, 2022 and december 31, 2021, respectively | 9,000 | |||||||||||||||||||||||||||||||
total liabilities, noncontrolling interests, and equity | 5,919,711,000 | 6,007,178,000 | 5,996,348,000 | 6,013,657,000 | 1,724,670,000 | 1,865,934,000 | 1,853,654,000 | 1,842,576,000 | 1,799,630,000 | 1,756,370,000 | 1,642,243,000 | 1,588,533,000 | 1,500,854,000 | 2,661,835,000 | 2,444,734,000 | |||||||||||||||||
investment in unconsolidated affiliates | 2,372,596,000 | 2,342,311,000 | 2,361,321,000 | |||||||||||||||||||||||||||||
noncurrent liabilities: | ||||||||||||||||||||||||||||||||
long-term debt | 3,447,513,000 | 2,971,270,000 | 2,894,025,000 | 657,000,000 | 657,000,000 | 657,000,000 | 657,000,000 | 624,000,000 | 580,000,000 | 493,000,000 | 468,000,000 | 396,000,000 | 235,000,000 | |||||||||||||||||||
class a common stock: 0.0001 par, 1,500,000,000 shares authorized, 43,082,157 and nil shares issued and outstanding at september 30, 2022 and december 31, 2021, respectively* | 4,000 | |||||||||||||||||||||||||||||||
class c common stock: 0.0001 par, 1,500,000,000 shares authorized, 94,270,000 and 100,000,000 shares issued and outstanding at september 30, 2022 and december 31, 2021, respectively* | 9,000 | |||||||||||||||||||||||||||||||
distribution payable to preferred unit limited partners | 6,937,000 | 6,937,000 | ||||||||||||||||||||||||||||||
embedded derivative liabilities | 488,000 | 91,936,000 | ||||||||||||||||||||||||||||||
mandatorily redeemable preferred units | 30,717,000 | 67,173,000 | ||||||||||||||||||||||||||||||
redeemable noncontrolling interest — preferred unit limited partners | 563,338,000 | 460,773,000 | 712,476,000 | 634,795,000 | 617,191,000 | 604,749,000 | 608,381,000 | 600,395,000 | 592,625,000 | 573,861,000 | 555,599,000 | 538,413,000 | 520,933,000 | |||||||||||||||||||
class a common stock: 0.0001 par, 1,500,000,000 shares authorized, 40,550,555 and nil shares issued and outstanding at june 30, 2022 and december 31, 2021, respectively* | 4,000 | |||||||||||||||||||||||||||||||
class c common stock: 0.0001 par, 1,500,000,000 shares authorized, 94,450,000 and 100,000,000 shares issued and outstanding at june 30, 2022 and december 31, 2021, respectively* | 9,000 | |||||||||||||||||||||||||||||||
class a common stock: 0.0001 par, 1,500,000,000 shares authorized, 18,986,460 and nil shares issued and outstanding at march 31, 2022 and december 31, 2021, respectively | 2,000 | |||||||||||||||||||||||||||||||
class c common stock: 0.0001 par, 1,500,000,000 shares authorized, 47,260,000 and 50,000,000 shares issued and outstanding at march 31, 2022 and december 31, 2021, respectively | 5,000 | |||||||||||||||||||||||||||||||
accounts receivable from apache corporation | 9,875,000 | 1,018,000 | 797,000 | 799,000 | 446,000 | 1,213,000 | 1,066,000 | 5,195,000 | 1,135,000 | 145,000 | 28,959,000 | |||||||||||||||||||||
revenue receivables | 13,717,000 | 10,981,000 | 10,964,000 | 11,152,000 | 11,378,000 | 11,975,000 | 13,572,000 | 11,709,000 | 15,461,000 | 11,726,000 | 8,998,000 | 11,526,000 | 10,914,000 | |||||||||||||||||||
inventories | 2,958,000 | 3,286,000 | 3,440,000 | 3,891,000 | 3,597,000 | 3,661,000 | 3,771,000 | 4,209,000 | 4,027,000 | |||||||||||||||||||||||
prepaid assets and other | 5,866,000 | 6,030,000 | 5,957,000 | 7,787,000 | 2,127,000 | 999,000 | 1,713,000 | 1,251,000 | 1,071,000 | 1,153,000 | 1,697,000 | 2,178,000 | 1,379,000 | |||||||||||||||||||
property, plant, and equipment: | ||||||||||||||||||||||||||||||||
property, plant, and equipment | 211,700,000 | 208,870,000 | 207,270,000 | |||||||||||||||||||||||||||||
less: accumulated depreciation and accretion | -24,713,000 | -21,848,000 | -18,858,000 | -15,907,000 | -13,034,000 | |||||||||||||||||||||||||||
other assets: | ||||||||||||||||||||||||||||||||
equity method interests | 1,364,826,000 | 1,537,907,000 | 1,554,385,000 | 1,566,672,000 | 1,555,182,000 | 1,524,410,000 | 1,408,479,000 | 1,336,810,000 | 1,258,048,000 | 1,094,564,000 | 527,379,000 | 209,403,000 | ||||||||||||||||||||
deferred charges and other | 6,229,000 | 8,341,000 | 10,271,000 | 6,294,000 | 5,843,000 | 6,263,000 | 5,524,000 | 5,664,000 | 5,267,000 | 5,651,000 | 6,031,000 | 5,605,000 | 3,734,000 | |||||||||||||||||||
distributions payable to preferred unit limited partners | 11,562,000 | 11,562,000 | 11,562,000 | 11,562,000 | ||||||||||||||||||||||||||||
dividends payable | 5,620,000 | |||||||||||||||||||||||||||||||
distributions payable to apache corporation | 18,750,000 | |||||||||||||||||||||||||||||||
deferred credits and other noncurrent liabilities: | ||||||||||||||||||||||||||||||||
asset retirement obligation | 68,331,000 | 67,234,000 | 66,157,000 | 65,100,000 | 64,062,000 | 63,043,000 | 62,041,000 | 61,059,000 | 60,095,000 | 33,950,000 | 32,611,000 | 30,216,000 | 29,369,000 | |||||||||||||||||||
embedded derivative | 56,895,000 | 120,522,000 | 124,532,000 | 155,538,000 | 139,009,000 | 179,031,000 | 175,498,000 | 164,913,000 | 102,929,000 | 98,228,000 | 94,459,000 | |||||||||||||||||||||
other noncurrent liabilities | 10,118,000 | 5,896,000 | 6,765,000 | 6,907,000 | 5,539,000 | 4,614,000 | ||||||||||||||||||||||||||
redeemable noncontrolling interest — apache limited partner | 769,855,000 | 837,158,000 | 863,063,000 | 662,432,000 | 575,125,000 | 238,842,000 | 230,631,000 | 231,178,000 | 701,000,000 | 1,251,370,000 | 1,272,652,000 | |||||||||||||||||||||
class a common stock: 0.0001 par, 1,500,000,000 shares authorized, 3,746,460 shares issued and outstanding at december 31, 2021 and 2020 | 1,000 | |||||||||||||||||||||||||||||||
class c common stock: 0.0001 par, 1,500,000,000 shares authorized, 12,500,000 shares issued and outstanding at december 31, 2021 and 2020 | 1,000 | |||||||||||||||||||||||||||||||
accumulated other comprehensive loss | -145,000 | -292,000 | -449,000 | -539,000 | -266,000 | -313,000 | -200,000 | |||||||||||||||||||||||||
property, plant and equipment: | ||||||||||||||||||||||||||||||||
class a common stock: 0.0001 par, 1,500,000,000 shares authorized, 3,746,460 shares issued and outstanding at september 30, 2021 and december 31, 2020 | 1,000 | |||||||||||||||||||||||||||||||
class c common stock: 0.0001 par, 1,500,000,000 shares authorized, 12,500,000 shares issued and outstanding at september 30, 2021 and december 31, 2020 | 1,000 | |||||||||||||||||||||||||||||||
class a common stock: 0.0001 par, 1,500,000,000 shares authorized, 3,746,460 shares issued and outstanding at june 30, 2021 and december 31, 2020 | 1,000 | |||||||||||||||||||||||||||||||
class c common stock: 0.0001 par, 1,500,000,000 shares authorized, 12,500,000 shares issued and outstanding at june 30, 2021 and december 31, 2020 | 1,000 | |||||||||||||||||||||||||||||||
class a common stock: 0.0001 par, 1,500,000,000 shares authorized, 3,746,460 shares issued and outstanding at march 31, 2021 and december 31, 2020 | 1,000 | |||||||||||||||||||||||||||||||
class c common stock: 0.0001 par, 1,500,000,000 shares authorized, 12,500,000 shares issued and outstanding at march 31, 2021 and december 31, 2020 | 1,000 | |||||||||||||||||||||||||||||||
current debt | 9,767,000 | 17,562,000 | 23,310,000 | 29,000,000 | ||||||||||||||||||||||||||||
class a common stock: 0.0001 par, 1,500,000,000 shares authorized, 3,746,460 shares issued and outstanding at december 31, 2020 and 2019 | 1,000 | |||||||||||||||||||||||||||||||
class c common stock: 0.0001 par, 1,500,000,000 shares authorized, 12,500,000 shares issued and outstanding at december 31, 2020 and 2019 | 1,000 | |||||||||||||||||||||||||||||||
less: accumulated depreciation and amortization | -10,092,000 | -7,085,000 | -4,417,000 | -1,468,000 | -51,608,000 | -40,333,000 | -31,608,000 | -24,320,000 | ||||||||||||||||||||||||
other non-current liabilities | 5,711,000 | 5,998,000 | 6,285,000 | 1,206,000 | 1,352,000 | |||||||||||||||||||||||||||
class a common stock: 0.0001 par, 1,500,000,000 shares authorized, 3,746,460 shares issued and outstanding at september 30, 2020 and december 31, 2019 | 1,000 | |||||||||||||||||||||||||||||||
class c common stock: 0.0001 par, 1,500,000,000 shares authorized, 12,500,000 shares issued and outstanding at september 30, 2020 and december 31, 2019 | 1,000 | |||||||||||||||||||||||||||||||
accounts payable to apache corporation | 165,000 | 13,595,000 | ||||||||||||||||||||||||||||||
class a common stock: 0.0001 par, 1,500,000,000 shares authorized, 3,746,460 shares issued and outstanding at june 30, 2020 and december 31, 2019 | 1,000 | |||||||||||||||||||||||||||||||
class c common stock: 0.0001 par, 1,500,000,000 shares authorized, 12,500,000 shares issued and outstanding at june 30, 2020 and december 31, 2019 | 1,000 | |||||||||||||||||||||||||||||||
class a common stock: 0.0001 par, 1,500,000,000 shares authorized, 74,929,305 shares issued and outstanding at march 31, 2020 and december 31, 2019 | 7,000 | |||||||||||||||||||||||||||||||
class c common stock: 0.0001 par, 1,500,000,000 shares authorized, 250,000,000 shares issued and outstanding at march 31, 2020 and december 31, 2019 | 25,000 | |||||||||||||||||||||||||||||||
deferred tax liability | 3,089,000 | 2,998,000 | 2,735,000 | 2,643,000 | ||||||||||||||||||||||||||||
class a common stock: 0.0001 par, 1,500,000,000 shares authorized, 74,929,305 shares issued and outstanding at december 31, 2019 and 2018 | 7,000 | |||||||||||||||||||||||||||||||
class c common stock: 0.0001 par, 1,500,000,000 shares authorized, 250,000,000 shares issued and outstanding at december 31, 2019 and 2018 | 25,000 | |||||||||||||||||||||||||||||||
inventories and other | 15,181,000 | 6,286,000 | 5,941,000 | 5,802,000 | ||||||||||||||||||||||||||||
assets held for sale | 18,183,000 | |||||||||||||||||||||||||||||||
class a common stock: 0.0001 par, 1,500,000,000 shares authorized, 74,929,305 shares issued and outstanding at september 30, 2019 and december 31, 2018 | 7,000 | |||||||||||||||||||||||||||||||
class c common stock: 0.0001 par, 1,500,000,000 shares authorized, 250,000,000 shares issued and outstanding at september 30, 2019 and december 31, 2018 | 25,000 | |||||||||||||||||||||||||||||||
class a common stock: 0.0001 par, 1,500,000,000 shares authorized, 74,929,305 shares issued and outstanding at june 30, 2019 and december 31, 2018 | 7,000 | |||||||||||||||||||||||||||||||
class c common stock: 0.0001 par, 1,500,000,000 shares authorized, 250,000,000 shares issued and outstanding at june 30, 2019 and december 31, 2018 | 25,000 | |||||||||||||||||||||||||||||||
other | 1,497,000 | |||||||||||||||||||||||||||||||
redeemable noncontrolling interest | 1,504,500,000 | 1,940,500,000 | ||||||||||||||||||||||||||||||
class a common stock: 0.0001 par, 1,500,000,000 shares authorized, 74,929,305 shares issued and outstanding at march 31, 2019 and december 31, 2018 | 7,000 | |||||||||||||||||||||||||||||||
class c common stock: 0.0001 par, 1,500,000,000 shares authorized, 250,000,000 shares issued and outstanding at march 31, 2019 and december 31, 2018 | 25,000 | |||||||||||||||||||||||||||||||
gathering, processing and transmission facilities | 1,251,217,000 | |||||||||||||||||||||||||||||||
joint venture equity interest | 91,100,000 | |||||||||||||||||||||||||||||||
class a common stock: 0.0001 par, 1,500,000,000 shares authorized, 74,929,305 shares issued and outstanding at december 31, 2018 | 7,000 | |||||||||||||||||||||||||||||||
class c common stock: 0.0001 par, 1,500,000,000 shares authorized, 250,000,000 shares issued and outstanding at december 31, 2018 | 25,000 | |||||||||||||||||||||||||||||||
current assets | ||||||||||||||||||||||||||||||||
cash | 40,565 | 48,630 | 2,491,024,431,555,255,000,000,000,000 | |||||||||||||||||||||||||||||
prepaid expenses and other current assets | 120,375 | 189,937 | ||||||||||||||||||||||||||||||
total current assets | 160,940 | 238,567 | ||||||||||||||||||||||||||||||
investment held in trust account | 382,384,785 | 380,712,615 | ||||||||||||||||||||||||||||||
liabilities and stockholders’ equity | ||||||||||||||||||||||||||||||||
current liabilities | ||||||||||||||||||||||||||||||||
accrued franchise taxes | 30,038 | 20,025 | ||||||||||||||||||||||||||||||
accrued income taxes | 357,823 | 8,770 | ||||||||||||||||||||||||||||||
sponsor note | 600,000 | 100,000 | ||||||||||||||||||||||||||||||
total current liabilities | 3,726,040 | 1,177,844 | ||||||||||||||||||||||||||||||
deferred underwriting compensation | 13,206,239 | 13,206,239 | ||||||||||||||||||||||||||||||
class a common stock subject to possible redemption; 36,061,344 and 36,026,954 shares, respectively, at september 30, 2018 and december 31, 2017 | 360,613,440 | |||||||||||||||||||||||||||||||
stockholders’ equity: | ||||||||||||||||||||||||||||||||
preferred stock, 0.0001 par value; 1,000,000 shares authorized; none issued and outstanding | ||||||||||||||||||||||||||||||||
class a common stock | 167 | 157 | ||||||||||||||||||||||||||||||
class b convertible common stock, 0.0001 par value; 20,000,000 shares authorized; 9,433,028 shares issued and outstanding as of september 30, 2018 and december 31, 2017 | 943 | |||||||||||||||||||||||||||||||
retained earnings | 154,416 | 1,108,069 | ||||||||||||||||||||||||||||||
total stockholders’ equity | 5,000,006 | 5,000,009 | ||||||||||||||||||||||||||||||
total liabilities and stockholders’ equity | 382,545,725 | 380,951,182 | ||||||||||||||||||||||||||||||
class a common stock subject to possible redemption; 36,156,709 and 36,026,954 shares, respectively, at june 30, 2018 and december 31, 2017 | 361,567,090 | |||||||||||||||||||||||||||||||
class b convertible common stock, 0.0001 par value; 20,000,000 shares authorized; 9,433,028 shares issued and outstanding as of june 30, 2018 and december 31, 2017 | 943 | |||||||||||||||||||||||||||||||
cash flows from operating activities: | ||||||||||||||||||||||||||||||||
net income | 714,711 | |||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from operating activities: | ||||||||||||||||||||||||||||||||
trust income retained in trust account | -648,210 | |||||||||||||||||||||||||||||||
changes in operating assets and liabilities: | ||||||||||||||||||||||||||||||||
decrease in prepaid expenses and other assets | 11,229 | |||||||||||||||||||||||||||||||
decrease in accrued expenses and taxes | -236,936 | |||||||||||||||||||||||||||||||
net cash from operating activities | -159,206 | |||||||||||||||||||||||||||||||
cash flows from financing activities: | ||||||||||||||||||||||||||||||||
proceeds from sponsor note | ||||||||||||||||||||||||||||||||
payment of sponsor note | ||||||||||||||||||||||||||||||||
net cash from financing activities | ||||||||||||||||||||||||||||||||
net decrease in cash | -159,206 | |||||||||||||||||||||||||||||||
cash at beginning of period | 479,055 | |||||||||||||||||||||||||||||||
cash at end of period | 319,849 | |||||||||||||||||||||||||||||||
supplemental disclosure of cash flow information: | ||||||||||||||||||||||||||||||||
offering costs included in accrued formation and offering costs | ||||||||||||||||||||||||||||||||
income and franchise taxes paid | 523,050 | |||||||||||||||||||||||||||||||
current tax liability | -220,145 | |||||||||||||||||||||||||||||||
deferred tax asset: | ||||||||||||||||||||||||||||||||
deferred general and administrative expenses | 358,301 | |||||||||||||||||||||||||||||||
valuation allowance at 21% | -358,301 | |||||||||||||||||||||||||||||||
operating expenses: | ||||||||||||||||||||||||||||||||
general and administrative expenses and franchise taxes | ||||||||||||||||||||||||||||||||
income from operations | ||||||||||||||||||||||||||||||||
other income: | ||||||||||||||||||||||||||||||||
interest income | ||||||||||||||||||||||||||||||||
income tax benefit | ||||||||||||||||||||||||||||||||
income per common share | ||||||||||||||||||||||||||||||||
basic | ||||||||||||||||||||||||||||||||
diluted | ||||||||||||||||||||||||||||||||
weighted-average shares outstanding | ||||||||||||||||||||||||||||||||
balance sheet data | ||||||||||||||||||||||||||||||||
cash held in trust | ||||||||||||||||||||||||||||||||
common stock subject to possible redemption | ||||||||||||||||||||||||||||||||
equity | 226,245,000,002,500,000,000,000,000,000,000 | |||||||||||||||||||||||||||||||
general and administrative expenses | ||||||||||||||||||||||||||||||||
investments held in trust account | 377,865,145 |
We provide you with 20 years of balance sheets for Kinetik stock, allowing you to gain comprehensive visibility into the fundamentals of the company. Our detailed breakdowns include key financial metrics such as asset and liabilities, payables and receivables, long debts and short debts, cash and inventories, expenses and profits. This in-depth information is essential for making informed investment decisions and understanding the financial health and performance of Kinetik. Explore the full financial landscape of Kinetik stock with our expertly curated balance sheets.
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