Revenues from Contracts with Customers (Tables)

9 Months Ended

Sep. 30, 2019

Revenue From Contracts with Customers [Abstract]

Contract with Customer, Asset and Liability

These tables show the changes in our mid-stream contract asset and contract liability balances during the nine months ended September 30, 2019:

Contract Assets

Amount

(In thousands)

Balance at December 31, 2018

⁽¹⁾

13,164

Amounts invoiced in excess of revenue recognized

(165)

Balance at September 30, 2019

⁽¹⁾

12,999

_______________________

1.At December 31, 2018, total contract assets are included in prepaid expenses and other and other assets of $0.3 million and $12.9 million, respectively, in our Consolidated Balance Sheet. At September 30, 2019, total contract assets included prepaid expenses and other and other assets of $5.0 million and $8.0 million, respectively, in our Condensed Consolidated Balance Sheet.


Contract Liabilities		Amount
		(In thousands)
Balance at December 31, 2018	⁽¹⁾	$	9,882
New contract				60
Revenue included in beginning balance				(2,155)
Balance at September 30, 2019	⁽¹⁾	$	7,787

______________________

1.At December 31, 2018, total contract liabilities are included in current portion of other long-term liabilities and other long-term liabilities of $2.9 million and $7.0 million, respectively, in our Consolidated Balance Sheet. At September 30, 2019, total contract liabilities included current portion of other long-term liabilities and other long-term liabilities of $2.9 million and $4.9 million, respectively, in our Condensed Consolidated Balance Sheet.

Revenue, Remaining Performance Obligation

Included below is the fixed revenue we will earn over the remaining term of the contracts and excludes all variable consideration to be earned with the associated contract.


Contract	Remaining Term of Contract	October - December 2019		2020		2021		2022		2023 and Beyond		Total Remaining Impact to Revenue
		(In thousands)
Demand fee contracts	3-9 years	$	646	$	(3,775)	$	(3,501)	$	1,382	$	36	$	(5,212)