Annual report pursuant to Section 13 and 15(d)

Segment Reporting - Predecessor

v3.22.0.1
Segment Reporting - Predecessor
12 Months Ended
Dec. 31, 2021
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]  
Segment Reporting - Predecessor
NOTE 23 – Segment Information
The Company’s two reporting segments for the years ended December 31, 2021 and 2020 are RNG and Power. The Company’s chief operating decision maker evaluates the performance of its segments based on operational measures including revenues, net income and EBITDA.
The following summarizes selected financial information for the Company’s reporting segments:
(in thousands)
RNG
Power
Corporate and Other
Total
Year ended December 31, 2021
Revenue
$ 51,024 $ 20,285 $ 5,817 $ 77,126
Intersegment revenue
—  872  (872) — 
Total revenue and other income
51,024 21,157 4,945 77,126
Equity investment income, net
5,042  641  (30) 5,653 
Net income (loss)
17,362 (1,492) (46,791) (30,921)
Interest expense
490 4,307 4,797
Depreciation, amortization and accretion
10,029 5,718 278 16,025
EBITDA
$ 27,881 $ 4,226 $ (42,206) $ (10,099)
December 31, 2021
Goodwill
$ 29,211  $ $ $ 29,211
Year ended December 31, 2020
Revenue
$ 34 $ $ 6,489 6,523
Intersegment revenue
—  —  —  — 
Total revenue and other income
34 6,489 6,523
Equity investment income, net
—  —  —  — 
Net income (loss)
(1,125) (11) (1,100) (2,236)
Interest expense
—  —  20  20 
Depreciation, amortization and accretion
—  134  137 
EBITDA
$ (1,122) $ (11) $ (946) $ (2,079)
December 31, 2020
Goodwill
$ 2,754 $ $ $ 2,754
Major Customers

No single customer accounted for more than 10% of the Company's revenues and other income in 2021 and 2020.
Aria Energy LLC  
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]  
Segment Reporting - Predecessor Segment Reporting - Predecessor
January 1 to September 14, 2021
(in thousands) RNG Power Corporate and Other Total
Total revenue $ 82,338 $ 37,058 $ (1,807) $ 117,589
Net income (loss) 59,066 66,431 (40,977) 84,520
Depreciation, amortization and accretion 6,447  9,467  34  15,948 
Interest expense —  —  10,729  10,729 
EBITDA $ 65,513  $ 75,898  $ (30,214) $ 111,197 
Year ended December 31, 2020
(in thousands) RNG Power Corporate and Other Total
Total revenue $ 81,559 $ 57,322 $ $ 138,881
Net income (loss) 30,459 (26,048) (34,334) (29,923)
Depreciation, amortization and accretion 9,012  21,478  74  30,564 
Interest expense —  —  19,319  19,319 
EBITDA $ 39,471  $ (4,570) $ (14,941) $ 19,960