Selected Components of Working Capital |
11. SELECTED COMPONENTS OF WORKING CAPITAL
A summary of accounts receivable, net is as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | The Partnership | | WES Operating | | | December 31, | | December 31, | thousands | | 2020 | | 2019 | | 2020 | | 2019 | | | | | | | | | | Trade receivables, net | | $ | 452,718 | | | $ | 260,458 | | | $ | 407,547 | | | $ | 260,694 | | Other receivables, net | | 162 | | | 54 | | | 2 | | | 54 | | Total accounts receivable, net | | $ | 452,880 | | | $ | 260,512 | | | $ | 407,549 | | | $ | 260,748 | |
A summary of other current assets is as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | The Partnership | | WES Operating | | | December 31, | | December 31, | thousands | | 2020 | | 2019 | | 2020 | | 2019 | | | | | | | | | | NGLs inventory | | $ | 882 | | | $ | 906 | | | $ | 882 | | | $ | 906 | | Materials and supplies inventory (1) | | — | | | 23,444 | | | — | | | 23,444 | | Imbalance receivables | | 12,976 | | | 4,690 | | | 12,976 | | | 4,690 | | Prepaid insurance | | 8,131 | | | 5,676 | | | 6,113 | | | 3,652 | | Contract assets | | 5,338 | | | 7,129 | | | 5,338 | | | 7,129 | | Other | | 17,935 | | | 93 | | | 17,935 | | | 93 | | Total other current assets | | $ | 45,262 | | | $ | 41,938 | | | $ | 43,244 | | | $ | 39,914 | |
_________________________________________________________________________________________ (1)See Note 1. 11. SELECTED COMPONENTS OF WORKING CAPITAL
A summary of accrued liabilities is as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | The Partnership | | WES Operating | | | December 31, | | December 31, | thousands | | 2020 | | 2019 | | 2020 | | 2019 | | | | | | | | | | Accrued interest expense | | $ | 137,307 | | | $ | 72,064 | | | $ | 137,307 | | | $ | 72,064 | | Short-term asset retirement obligations | | 20,215 | | | 22,472 | | | 20,215 | | | 22,472 | | Short-term remediation and reclamation obligations | | 2,950 | | | 3,528 | | | 2,950 | | | 3,528 | | Income taxes payable | | 3,399 | | | 697 | | | 3,399 | | | 697 | | Contract liabilities | | 31,477 | | | 19,659 | | | 31,477 | | | 19,659 | | Other (1) | | 74,599 | | | 31,373 | | | 35,485 | | | 31,219 | | Total accrued liabilities | | $ | 269,947 | | | $ | 149,793 | | | $ | 230,833 | | | $ | 149,639 | |
_________________________________________________________________________________________ (1)As of December 31, 2019, includes amounts related to WES Operating’s interest-rate swap agreements and lease liabilities related to the implementation of ASU 2016-02, Leases (Topic 842) (see Note 13 and Note 14).
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