Cash Flow Image
v3.19.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows provided by (used in) operating activities:    
Net income including noncontrolling interests $ 1,025,756 $ 80,810
Adjustments to reconcile net income to net cash provided by operating activities:    
Depletion, depreciation, amortization, and accretion 241,177 228,934
Impairment of unproved properties 81,244 50,536
Impairment of gathering systems and facilities 6,982  
Commodity derivative fair value (gains) losses 77,368 (22,437)
Gains on settled commodity derivatives 97,092 101,341
Marketing derivative fair value gains (91,186) (94,234)
Gains on settled marketing derivatives   110,042
Deferred income tax expense 287,854 9,120
Equity-based compensation expense 8,903 21,156
Equity in earnings of unconsolidated affiliates (14,081) (7,862)
Distributions of earnings from unconsolidated affiliates 12,605 7,085
Gain on deconsolidation of Antero Midstream Partners LP (1,406,042)  
Other 11,081 969
Changes in current assets and liabilities:    
Accounts receivable 42,168 8,204
Accrued revenue 109,677 20,199
Other current assets 1,364 (1,431)
Accounts payable (21,370) (8,042)
Accrued liabilities (14,965) 10,359
Revenue distributions payable (9,761) 28,290
Other current liabilities 1,952 (1,490)
Net cash provided by operating activities 539,004 541,549
Cash flows provided by (used in) investing activities:    
Additions to unproved properties (27,463) (49,569)
Drilling and completion costs (368,687) (359,868)
Additions to water handling and treatment systems (24,416) (40,285)
Additions to gathering systems and facilities (48,239) (93,670)
Additions to other property and equipment (3,128) (2,571)
Investments in unconsolidated affiliates (25,020) (17,389)
Proceeds from the Antero Midstream Partners LP Transactions 296,611  
Change in other assets (4,475) (217)
Net cash used in investing activities (204,817) (563,569)
Cash flows provided by (used in) financing activities:    
Issuance of senior notes 650,000  
Borrowings (repayments) on bank credit facilities, net (270,000) 75,000
Payments of deferred financing costs (8,259)  
Distributions to noncontrolling interests in Antero Midstream Partners LP (85,076) (55,915)
Employee tax withholding for settlement of equity compensation awards (479) (1,084)
Other (841) (1,269)
Net cash provided by (used in) financing activities 285,345 16,732
Effect of deconsolidation of Antero Midstream Partners LP (619,532)  
Net decrease in cash and cash equivalents   (5,288)
Cash and cash equivalents, beginning of period   28,441
Cash and cash equivalents, end of period   23,153
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest 37,081 42,010
Increase in accounts payable and accrued liabilities for additions to property and equipment $ 22,825 $ 12,691

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