Cash Flow Image
v3.20.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2020
Mar. 31, 2020
Sep. 30, 2019
Mar. 31, 2019
Sep. 30, 2020
Sep. 30, 2019
Dec. 31, 2019
Cash flows provided by (used in) operating activities:              
Net income (loss) including noncontrolling interests $ (553,846) $ (338,810) $ (878,864) $ 1,025,756 $ (1,355,724) $ 189,060  
Adjustments to reconcile net income (loss) to net cash provided by operating activities:              
Depletion, depreciation, amortization, and accretion         655,460 726,827  
Impairment of oil and gas properties 29,392   1,041,469   155,962 1,253,712  
Impairment of midstream assets     7,800     14,782  
Commodity derivative fair value (gains) losses 514,751   (220,788)   116,933 (471,847)  
Gains on settled commodity derivatives         740,805 261,794  
Proceeds from derivative monetizations         18,073    
Loss on sale of assets           951  
Equity-based compensation expense 5,699   3,875   17,001 19,327  
Deferred income tax expense (benefit)         (426,267) 32,019  
Gain on early extinguishment of debt (55,633)       (175,365)    
Equity in loss of unconsolidated affiliates (24,419)   117,859   83,408 90,193  
Impairment of equity investment         (610,632)    
Gain on deconsolidation of Antero Midstream Partners LP           (1,406,042)  
Distributions/dividends of earnings from unconsolidated affiliates         128,267 109,241  
Amortization of deferred revenue (5,175)       (5,175)    
Amortization of debt issuance costs, debt discount debt premium and other         7,391 8,179  
Changes in current assets and liabilities:              
Accounts receivable         (15,454) 14,236  
Accrued revenue         (20,843) 193,650  
Other current assets         (1,455) 2,365  
Accounts payable including related parties         (2,198) (971)  
Accrued liabilities         15,522 (11,169)  
Revenue distributions payable         (54,403) (72,176)  
Other current liabilities         (60) 1,387  
Net cash provided by operating activities         492,510 955,518  
Cash flows provided by (used in) investing activities:              
Additions to unproved properties         (31,136) (69,796)  
Drilling and completion costs         (693,920) (957,931)  
Additions to water handling and treatment systems           (24,416)  
Additions to gathering systems and facilities           (48,239)  
Additions to other property and equipment         (1,346) (5,980)  
Settlement of water earnout         125,000    
Investments in unconsolidated affiliates           (25,020)  
Proceeds from the Antero Midstream Partners LP Transactions           296,611  
Proceeds from asset sales           7,461  
Proceeds from VPP sale, net         215,833    
Change in other assets         1,506 1,983  
Net cash used in investing activities         (384,063) (825,327)  
Cash flows provided by (used in) financing activities:              
Repurchases of common stock         (43,443) (17,924)  
Issuance of senior notes           650,000  
Issuance of convertible notes         287,500    
Repayment of senior notes         (899,971)    
Borrowings (repayments) on bank credit facilities, net         275,000 (45,000)  
Payments of deferred financing costs         (8,907) (8,259)  
Sale of noncontrolling interest         300,000    
Distributions to noncontrolling interests         (17,249) (85,076)  
Employee tax withholding for settlement of equity compensation awards         (373) (2,379)  
Other         (1,004) (2,021)  
Net cash provided by (used in) financing activities         (108,447) 489,341  
Effect of deconsolidation of Antero Midstream Partners LP           (619,532)  
Net decrease in cash and cash equivalents         0 0  
Cash and cash equivalents, beginning of period   $ 0   $ 0 0 0 $ 0
Cash and cash equivalents, end of period $ 0   $ 0   0 0 $ 0
Supplemental disclosure of cash flow information:              
Cash paid during the period for interest         135,494 142,288  
Decrease in accounts payable and accrued liabilities for additions to property and equipment         $ 44,302 $ 22,103  

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