Cash Flow Image
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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows provided by (used in) operating activities:      
Net income (loss) and comprehensive income (loss) including noncontrolling interests $ (293,136) $ (45,701) $ 785,137
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depletion, depreciation, amortization, and accretion 918,629 975,284 827,220
Impairments 1,782,816 559,095 183,029
Commodity derivative fair value (gains) losses (463,972) 87,594 (658,283)
Gains on settled commodity derivatives 325,090 243,112 213,940
Premium paid on derivative contracts   (13,318)  
Proceeds from derivative monetizations   370,365 749,906
Marketing derivative fair value gains 0 (94,081) 21,394
Gains on settled marketing derivatives   72,687  
Deferred income tax expense (benefit) (79,158) (128,857) (295,126)
Loss on sale of assets 951    
Equity-based compensation expense 23,559 70,414 103,445
Loss (gain) on early extinguishment of debt (36,419)   1,500
Loss on sale of Antero Midstream Corporation shares 108,745    
Equity in earnings (loss) of unconsolidated affiliates 143,216 (40,280) (20,194)
Water earnout (125,000)    
Distributions/dividends of earnings from unconsolidated affiliates 157,956 46,415 20,195
Gain on deconsolidation of Antero Midstream Partners LP (1,406,042)    
Other 10,681 4,681 (1,907)
Changes in current assets and liabilities:      
Accounts receivable 31,631 (15,156) (5,214)
Accrued revenue 156,941 (174,706) (38,162)
Other current assets (1,025) (5,817) (2,755)
Accounts payable including related parties (27,996) 9,307 9,462
Accrued liabilities (25,762) 63,562 64,862
Revenue distributions payable (102,839) 101,210 45,628
Other current liabilities 4,592 (3,823) 2,214
Net cash provided by operating activities 1,103,458 2,081,987 2,006,291
Cash flows provided by (used in) investing activities:      
Additions to proved properties     (175,650)
Additions to unproved properties (88,682) (172,387) (204,272)
Drilling and completion costs (1,254,118) (1,488,573) (1,281,985)
Additions to water handling and treatment systems (24,416) (97,699) (194,502)
Additions to gathering systems and facilities (48,239) (444,413) (346,217)
Additions to other property and equipment (6,700) (7,514) (14,127)
Investments in unconsolidated affiliates (25,020) (136,475) (235,004)
Proceeds from sale of common stock of Antero Midstream Corporation 100,000    
Proceeds from the Antero Midstream Partners LP Transactions 296,611    
Change in other assets 7,091 (3,663) (12,029)
Proceeds from asset sales 1,983   2,156
Net cash used in investing activities (1,041,490) (2,350,724) (2,461,630)
Cash flows provided by (used in) financing activities:      
Issuance of common units by Antero Midstream Partners LP     248,956
Proceeds from sale of common units of Antero Midstream Partners LP held by Antero Resources Corporation     311,100
Repurchases of common stock (38,772) (129,084)  
Issuance of senior notes by Antero Midstream Partners LP 650,000    
Repayment of senior notes (191,092)    
Borrowings on bank credit facilities, net 232,000 660,379 90,000
Payments of deferred financing costs (4,547) (2,169) (16,377)
Distributions to noncontrolling interests in Antero Midstream Partners LP (85,076) (267,271) (152,352)
Employee tax withholding for settlement of equity compensation awards (2,389) (17,020) (24,174)
Other (2,560) (4,539) (4,983)
Net cash provided by financing activities 557,564 240,296 452,170
Antero Midstream Partners LP cash at deconsolidation (619,532)    
Net decrease in cash and cash equivalents   (28,441) (3,169)
Cash and cash equivalents, beginning of period   28,441 31,610
Cash and cash equivalents, end of period     28,441
Supplemental disclosure of cash flow information:      
Cash paid during the period for interest 224,331 275,769 263,919
Decrease in accounts payable and accrued liabilities for additions to property and equipment $ (15,897) $ (47,717) $ (547)

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