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Antero Midstream Corporation AM Water Handling — Goodwill

Discontinued — last reported Q3 '19

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Other financials

Income statement

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Revenue$314.2M+7.9%
Operating income$188.6M+6.4%
Net income$118.3M-2.0%
EPS (diluted)$0.250.0%

Balance sheet

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Cash & equivalents$180.4M
Total debt$3.7B+19.3%
Total equity$1.9B-7.3%
Total assets$6.4B+11.4%

Cash flow

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Operating cash flow$238.6M+19.9%
CapEx$68.6M+2,286,100%
Free cash flow$232.7M+11.7%

Valuation

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Market cap$10.31B+25.2%
P/E25.1×+5.4×
P/S8.5×+1.1×

Profitability

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Operating margin54.2%-5.8pp
Net margin33.9%-3.5pp
FCF margin70%-4.8pp

Returns & leverage

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Return on equity20.4%+0.7pp
Debt / equity1.9×+0.4×
Current ratio-0.4×

Where this comes from

Reported directly by Antero Midstream Corporation in its filing.

Tagged under the XBRL concept us-gaap:Goodwill.

The official record: Antero Midstream Corporation’s 10-Q, filed October 30, 2019, on SEC EDGAR. View the filing →

Questions, answered.

What does water handling — goodwill mean?
The premium paid for acquiring businesses within the water handling segment that exceeds the fair value of their tangible assets.
How do you interpret water handling — goodwill?
High goodwill relative to assets suggests a history of acquisitions; a decrease indicates potential impairment or write-downs.
How does water handling — goodwill compare across companies?
Standardized as 'Goodwill' on the balance sheet for all public companies.