Cash Flow Image
v3.20.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows provided by (used in) operating activities:    
Net income (loss) including noncontrolling interests $ (338,810) $ 1,025,756
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depletion, depreciation, amortization, and accretion 200,781 241,177
Impairment of oil and gas properties 89,220 81,244
Impairment of midstream assets   6,982
Commodity derivative fair value (gains) losses (565,833) 77,368
Gains on settled commodity derivatives 210,926 97,092
Equity-based compensation expense 3,329 8,903
Deferred income tax expense (benefit) (109,985) 287,854
Loss (gain) on early extinguishment of debt (80,561)  
Equity in earnings (loss) of unconsolidated affiliates 128,055 (14,081)
Impairment of equity investments (610,632)  
Gain on deconsolidation of Antero Midstream Partners LP   (1,406,042)
Distributions/dividends of earnings from unconsolidated affiliates 42,756 12,605
Other 2,440 11,081
Changes in current assets and liabilities:    
Accounts receivable (54,514) 42,168
Accrued revenue 116,566 109,677
Other current assets (583) 1,364
Accounts payable including related parties (1,251) (21,370)
Accrued liabilities (19,593) (14,965)
Revenue distributions payable (33,333) (9,761)
Other current liabilities 435 1,952
Net cash provided by operating activities 200,677 539,004
Cash flows provided by (used in) investing activities:    
Additions to unproved properties (10,357) (27,463)
Drilling and completion costs (300,483) (368,687)
Additions to water handling and treatment systems   (24,416)
Additions to gathering systems and facilities   (48,239)
Additions to other property and equipment (771) (3,128)
Settlement of water earnout 125,000  
Investments in unconsolidated affiliates   (25,020)
Proceeds from the Antero Midstream Partners LP Transactions   296,611
Change in other assets (70) (4,475)
Net cash used in investing activities (186,681) (204,817)
Cash flows provided by (used in) financing activities:    
Repurchases of common stock (42,690)  
Issuance of senior notes   650,000
Repayment of senior notes (300,835)  
Borrowings (repayments) on bank credit facilities, net 330,000 (270,000)
Payments of deferred financing costs   (8,259)
Distributions to noncontrolling interests in Antero Midstream Partners LP   (85,076)
Employee tax withholding for settlement of equity compensation awards (32) (479)
Other (439) (841)
Net cash provided by financing activities (13,996) 285,345
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
Cash and cash equivalents, end of period 0 0
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest 30,089 37,081
Increase (decrease) in accounts payable and accrued liabilities for additions to property and equipment $ 10,767 $ (22,825)

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