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Antero Midstream Corporation AM Water Handling — Goodwill Impairment

Discontinued — last reported Q4 '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:GoodwillImpairmentLoss.

The official record: Antero Midstream Corporation’s 10-K, filed February 16, 2022, on SEC EDGAR. View the filing →

Questions, answered.

What does water handling — goodwill impairment mean?
A non-cash expense recorded when the value of acquired goodwill is deemed to have declined.
How do you interpret water handling — goodwill impairment?
An increase signals a loss of value in past acquisitions and potential operational headwinds.
How does water handling — goodwill impairment compare across companies?
Standardized as 'Goodwill Impairment' in income statements or segment disclosures.