| Schedule of reportable segment results |
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Illinois
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Other and
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Elimination
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Basin
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Appalachia
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Minerals
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Corporate
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(1)
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Consolidated
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(in thousands)
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Three Months Ended March 31, 2019
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Revenues - Outside
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$
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343,052
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159,404
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10,728
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13,418
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—
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$
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526,602
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Revenues - Intercompany
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3,997
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—
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—
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4,277
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(8,274)
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—
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Total revenues (2)
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347,049
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159,404
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10,728
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17,695
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(8,274)
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526,602
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Segment Adjusted EBITDA Expense (3)
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195,840
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99,749
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1,827
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11,474
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(6,033)
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302,857
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Segment Adjusted EBITDA (4)
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121,971
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58,655
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9,132
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19,127
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(2,241)
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206,644
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Total assets
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1,422,086
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468,904
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510,076
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462,696
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(378,632)
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2,485,130
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Capital expenditures (5)
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47,928
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33,346
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—
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2,769
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—
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84,043
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Three Months Ended March 31, 2018
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Revenues - Outside
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$
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289,518
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$
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147,565
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$
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—
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$
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20,039
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$
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—
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$
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457,122
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Revenues - Intercompany
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5,387
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67
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—
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4,291
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(9,745)
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—
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Total revenues (2)
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294,905
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147,632
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—
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24,330
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(9,745)
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457,122
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Segment Adjusted EBITDA Expense (3)
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181,803
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92,498
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—
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12,798
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(7,640)
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279,459
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Segment Adjusted EBITDA (4)
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94,830
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53,621
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3,588
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15,256
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(2,105)
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165,190
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Total assets
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1,425,798
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463,857
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158,675
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363,632
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(168,548)
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2,243,414
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Capital expenditures
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37,448
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13,376
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—
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701
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—
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51,525
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(1)
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The elimination column represents the elimination of intercompany transactions and is primarily comprised of sales from the Matrix Group and MAC to our mining operations, coal sales and purchases between operations within different segments, sales of receivables to AROP Funding, financing between segments and insurance premiums paid to Wildcat Insurance. |
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(2)
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Revenues included in the Other and Corporate column are primarily attributable to the Matrix Group revenues, Mt. Vernon transloading revenues, administrative service revenues from affiliates, MAC revenues, Wildcat Insurance revenues and brokerage coal sales. |
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(3)
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Segment Adjusted EBITDA Expense includes operating expenses, coal purchases and other income. Transportation expenses are excluded as these expenses are passed through to our customers and consequently we do not realize any gain or loss on transportation revenues. |
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| Reconciliation of consolidated Segment Adjusted EBITDA to net income |
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Three Months Ended
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March 31,
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2019
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2018
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(in thousands)
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Consolidated Segment Adjusted EBITDA
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$
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206,644
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$
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165,190
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General and administrative
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(17,812)
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(16,651)
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Depreciation, depletion and amortization
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(71,139)
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(61,848)
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Settlement gain
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—
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80,000
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Interest expense, net
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(11,331)
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(10,793)
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Acquisition gain
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177,043
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—
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Income tax benefit
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106
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10
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Acquisition gain attributable to noncontrolling interest
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(7,083)
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—
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Net income attributable to ARLP
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$
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276,428
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$
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155,908
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Noncontrolling interest
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|
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7,176
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|
148
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Net income
|
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$
|
283,604
|
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$
|
156,056
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