Cash Flow Image
v3.10.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows provided by (used in) operating activities:      
Net income (loss) including noncontrolling interests $ (45,701) $ 785,137 $ (749,448)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depletion, depreciation, amortization, and accretion 975,284 827,220 812,346
Impairment of unproved properties 549,437 159,598 162,935
Impairment of gathering systems and facilities 9,658 23,431 0
Commodity derivative fair value (gains) losses 87,594 (658,283) 514,181
Gains on settled commodity derivatives 243,112 213,940 1,003,083
Premium paid on derivative contracts (13,318)    
Proceeds from derivative monetizations 370,365 749,906  
Marketing derivative fair value (gains) losses (94,081) 21,394  
Gains on settled marketing derivatives 72,687    
Deferred income tax expense (128,857) (295,126) (485,392)
Gain on sale of assets     (97,635)
Equity-based compensation expense 70,414 103,445 102,421
Loss on early extinguishment of debt   1,500 16,956
Equity in earnings of unconsolidated affiliates (40,280) (20,194) (485)
Distributions from unconsolidated affiliates 46,415 20,195 7,702
Other 4,681 (1,907) (12,488)
Changes in current assets and liabilities:      
Accounts receivable (15,156) (5,214) 39,857
Accrued revenue (174,706) (38,162) (133,718)
Other current assets (5,817) (2,755) 1,774
Accounts payable 9,307 9,462 7,365
Accrued liabilities 63,562 64,862 18,853
Revenue distributions payable 101,210 45,628 34,040
Other current liabilities (3,823) 2,214 (1,091)
Net cash provided by operating activities 2,081,987 2,006,291 1,241,256
Cash flows used in investing activities:      
Additions to proved properties   (175,650) (134,113)
Additions to unproved properties (172,387) (204,272) (611,631)
Drilling and completion costs (1,488,573) (1,281,985) (1,327,759)
Additions to water handling and treatment systems (97,699) (194,502) (188,188)
Additions to gathering systems and facilities (444,413) (346,217) (231,044)
Additions to other property and equipment (7,514) (14,127) (2,694)
Investments in unconsolidated affiliates (136,475) (235,004) (75,516)
Change in other assets (3,663) (12,029) 3,977
Proceeds from asset sales   2,156 171,830
Net cash used in investing activities (2,350,724) (2,461,630) (2,395,138)
Cash flows provided by (used in) financing activities:      
Issuance of common stock     1,012,431
Issuance of common units by Antero Midstream   248,956 65,395
Proceeds From Sale Of Interest In Partnership Unit   311,100 178,000
Repurchases of common stock (129,084)    
Issuance of senior notes     1,250,000
Repayment of senior notes     (525,000)
Borrowings (repayments) on bank credit facilities, net 660,379 90,000 (677,000)
Make-whole premium on debt extinguished     (15,750)
Payments of deferred financing costs (2,169) (16,377) (18,759)
Distributions to noncontrolling interest in consolidated subsidiary (267,271) (152,352) (75,082)
Employee tax withholding for settlement of equity compensation awards (17,020) (24,174) (26,895)
Other (4,539) (4,983) (5,321)
Net cash provided by financing activities 240,296 452,170 1,162,019
Net increase (decrease) in cash and cash equivalents (28,441) (3,169) 8,137
Cash and cash equivalents, beginning of period 28,441 31,610 23,473
Cash and cash equivalents, end of period   28,441 31,610
Supplemental disclosure of cash flow information:      
Cash paid during the period for interest 275,769 263,919 239,369
Supplemental disclosure of noncash investing activities:      
Decrease in accounts payable and accrued liabilities for additions to property and equipment $ (47,717) $ (547) $ (152,093)

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