Cash Flow Image
v3.19.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows provided by (used in) operating activities:    
Net income (loss) including noncontrolling interests $ 189,060 $ (64,437)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depletion, depreciation, amortization, and accretion 726,827 711,581
Impairment of oil and gas properties 1,253,712 406,068
Impairment of midstream assets 14,782 9,658
Commodity derivative fair value gains (471,847) (134,793)
Gains on settled commodity derivatives 261,794 268,369
Marketing derivative fair value gains 0 (94,081)
Gains on settled marketing derivatives   78,098
Deferred income tax expense 32,019 2,500
Loss on sale of assets 951  
Equity-based compensation expense 19,327 56,429
Equity in earnings (loss) of unconsolidated affiliates 90,193 (27,832)
Distributions/dividends of earnings from unconsolidated affiliates 109,241 29,660
Gain on deconsolidation of Antero Midstream Partners LP (1,406,042)  
Other 8,179 2,945
Changes in current assets and liabilities:    
Accounts receivable 14,236 4,653
Accrued revenue 193,650 (53,888)
Other current assets 2,365 (3,721)
Accounts payable including related parties (971) 8,177
Accrued liabilities (11,169) 27,446
Revenue distributions payable (72,176) 36,215
Other current liabilities 1,387 (2,649)
Net cash provided by operating activities 955,518 1,260,398
Cash flows provided by (used in) investing activities:    
Additions to unproved properties (69,796) (130,381)
Drilling and completion costs (957,931) (1,125,660)
Additions to water handling and treatment systems (24,416) (77,385)
Additions to gathering systems and facilities (48,239) (337,448)
Additions to other property and equipment (5,980) (5,371)
Investments in unconsolidated affiliates (25,020) (91,419)
Proceeds from the Antero Midstream Partners LP Transactions 296,611  
Change in other assets 7,461 (2,675)
Proceeds from asset sales 1,983  
Net cash used in investing activities (825,327) (1,770,339)
Cash flows provided by (used in) financing activities:    
Repurchases of common stock (17,924)  
Issuance of senior notes 650,000  
Borrowings (repayments) on bank credit facilities, net (45,000) 682,000
Payments of deferred financing costs (8,259)  
Distributions to noncontrolling interests in Antero Midstream Partners LP (85,076) (188,775)
Employee tax withholding for settlement of equity compensation awards (2,379) (8,205)
Other (2,021) (3,520)
Net cash provided by financing activities 489,341 481,500
Effect of deconsolidation of Antero Midstream Partners LP (619,532)  
Net decrease in cash and cash equivalents   (28,441)
Cash and cash equivalents, beginning of period   28,441
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest 142,288 179,489
Increase (decrease) in accounts payable and accrued liabilities for additions to property and equipment $ (22,103) $ 7,325

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