Cash Flow Image
v3.19.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows provided by (used in) operating activities:    
Net income including noncontrolling interests $ 1,067,924 $ 13,535
Adjustments to reconcile net income to net cash provided by operating activities:    
Depletion, depreciation, amortization, and accretion 484,397 467,684
Impairment of oil and gas properties 212,243 184,973
Impairment of gathering systems and facilities 6,982 8,501
Commodity derivative fair value (gains) losses (251,059) (77,773)
Gains on settled commodity derivatives 141,791 197,225
Marketing derivative fair value gains   (94,124)
Gains on settled marketing derivatives   94,158
Deferred income tax expense (benefit) 304,963 (16,453)
Loss on sale of assets 951  
Equity-based compensation expense 15,452 40,227
Equity in earnings of unconsolidated affiliates (27,666) (17,126)
Distributions of earnings from unconsolidated affiliates 60,527 17,895
Gain on deconsolidation of Antero Midstream Partners LP (1,406,042)  
Other 5,670 1,932
Changes in current assets and liabilities:    
Accounts receivable 5,848 10,237
Accrued revenue 166,066 (21,092)
Other current assets 2,307 2,353
Accounts payable (2,424) 2,948
Accrued liabilities (22,146) 24,065
Revenue distributions payable (9,795) 1,617
Other current liabilities 1,119 (1,842)
Net cash provided by operating activities 757,108 838,940
Cash flows provided by (used in) investing activities:    
Additions to unproved properties (56,814) (87,861)
Drilling and completion costs (680,088) (752,781)
Additions to water handling and treatment systems (24,416) (58,127)
Additions to gathering systems and facilities (48,239) (206,753)
Additions to other property and equipment (4,629) (3,502)
Investments in unconsolidated affiliates (25,020) (56,297)
Proceeds from the Antero Midstream Partners LP Transactions 296,611  
Change in other assets (4,974) (7,026)
Proceeds from asset sales 1,983  
Net cash used in investing activities (545,586) (1,172,347)
Cash flows provided by (used in) financing activities:    
Issuance of senior notes 650,000  
Borrowings (repayments) on bank credit facilities, net (145,000) 485,000
Payments of deferred financing costs (8,259)  
Distributions to noncontrolling interests in Antero Midstream Partners LP (85,076) (119,023)
Employee tax withholding for settlement of equity compensation awards (2,295) (7,967)
Other (1,360) (2,436)
Net cash provided by financing activities 408,010 355,574
Effect of deconsolidation of Antero Midstream Partners LP (619,532)  
Net decrease in cash and cash equivalents   22,167
Cash and cash equivalents, beginning of period   28,441
Cash and cash equivalents, end of period   50,608
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest 119,180 130,231
Increase in accounts payable and accrued liabilities for additions to property and equipment $ (33,240) $ 2,089

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