Quarterly report pursuant to Section 13 or 15(d)

Basis of Presentation??and Summary of Significant Accounting Policies (Tables)

v3.21.4
Basis of Presentation and Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2021
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]  
Schedule of Error Corrections and Prior Period Adjustments
The table below presents the effect of the financial statement adjustments related to the restatement discussed above on the Company's previously reported unaudited balance sheet as of September 30, 2021:
September 30, 2021
(in thousands) As Previously Reported Adjustment As Restated
Accounts payable - trade $ 3,630  2,836  $ 6,466 
Total Liabilities $ 643,952  2,836  $ 646,788 
Accumulated deficit $ (436,461) (2,836) $ (439,297)
Total Stockholders' Equity $ (436,450) (2,836) $ (439,286)
The table below presents the effect of the financial statement adjustments related to the restatement discussed above on the Company's previously unaudited income statements for the three and nine months ended September 30, 2021:
Three Months Ended September 30, 2021 Nine Months Ended September 30, 2021
(in thousands) As Previously Reported Adjustment As Restated As Previously Reported Adjustment As Restated
General and administrative expenses $ 9,053  2,836  $ 11,889  $ 20,097  2,836  $ 22,933 
Operating Income (Loss) $ (9,423) (2,836) $ (12,259) $ (20,128) (2,836) $ (22,964)
Net Income (Loss) $ (21,341) (2,836) $ (24,177) $ (31,770) (2,836) $ (34,606)
Net income (loss) attributable to Legacy Archaea $ (5,733) (2,836) $ (8,569) $ (15,908) (2,836) $ (18,744)
The table below presents the effect of the financial statement adjustments related to the restatement discussed above on the Company's previously unaudited statement of cash flows for the nine months ended September 30, 2021:
Nine Months Ended September 30, 2021
(in thousands) As Previously Reported Adjustment As Restated
Net Income (Loss) $ (31,770) (2,836) $ (34,606)
Accounts payable - trade
$ (4,043) 2,836  $ (1,207)
Net cash provided by (used in) operating activities
$ (54,710) —  $ (54,710)
Aria Energy LLC  
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]  
Schedule of Revenue by Major Source The following tables display Aria’s revenue by major source and by operating segment for the periods July 1 to September 14, 2021 and January 1 to September 14, 2021 and the three and nine months ended September 30, 2020:
(in thousands) July 1 to September 14, 2021 July 1 to September 30, 2020 January 1 to September 14, 2021 January 1 to September 30, 2020
RNG, including RINs and LCFSs
$ 28,125  $ 18,925  $ 83,848  $ 51,818 
Gas O&M service
268  309  974  791 
Power, including RECs
6,591  11,323  31,217  36,280 
Electric O&M service
781  2,819  4,211  7,136 
Other
2,705  32  9,950 
Total $ 35,773  $ 36,081  $ 120,282  $ 105,975 
Operating segments
RNG $ 28,402  $ 21,939  $ 84,853  $ 62,559 
Power 7,371  14,142  35,429  43,416 
Total $ 35,773  $ 36,081  $ 120,282  $ 105,975