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  "documentTitle": "Baird | Investment Banking Pitch Book | 35 slides",
  "authorId": "baird",
  "authorName": "Baird",
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  "sourceTypeSlug": "investment_bank",
  "sourceTypeLabel": "Investment bank",
  "presentationDate": "2018-06-01 00:00:00",
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  "pageNumber": 23,
  "pageCount": 35,
  "prevPage": 22,
  "nextPage": 24,
  "slideType": "financial_analysis",
  "function": "quantify_impact",
  "density": "balanced",
  "nDataPoints": 10,
  "notes": "The chart uses a bridge-style layout to show components of FCF. The 'Pro Forma' section is highlighted with a dashed box.",
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      "kind": "chart",
      "text": "Waterfall bridge showing FCF components for Status Quo and Pro Forma",
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      "kind": "disclaimer",
      "text": "Note: Assumes AMGP purchases 100% of AM public units with 100% equity at a 1.600x exchange ratio; AMGP issues 299.3 million shares to current AM unitholders. Also assumes that AMGP issues 18.5 million shares in exchange for 100% of the Series B units.",
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      "text": "AR Free Cash Flow Definition: Cash Flow from E&P Operations, Plus: AM Distributions, Plus: Water Earn-Out & Lawsuit Recoveries, Less: Drilling Capital Expenditures, Less: Changes in Working Capital, Less: Leasehold Maintenance Expenditures",
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      "kind": "title",
      "text": "2018 – 2022 AR FREE CASH FLOW BRIDGE",
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