Cash Flow Image
v3.20.4
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows provided by (used in) operating activities:      
Net loss including noncontrolling interests $ (1,260,411) $ (293,136) $ (45,701)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Depletion, depreciation, amortization, and accretion 865,291 918,629 975,284
Impairments 834,402 1,782,816 559,095
Commodity derivative fair value losses (gains) (79,918) (463,972) 87,594
Gains on settled commodity derivatives 794,684 325,090 243,112
Premium paid on derivative contract     (13,318)
Proceeds from derivative monetizations 9,007   370,365
Gains on settled marketing derivatives     72,687
Marketing derivative fair value gains 0 0 (94,081)
Loss on sale of assets 348 951  
Equity-based compensation expense 23,317 23,559 70,414
Deferred income tax benefit (397,482) (79,158) (128,857)
Gain on early extinguishment of debt (175,962) (36,419)  
Loss on the sale of equity method investment shares   108,745  
Equity in (earnings) loss of unconsolidated affiliates 62,660 143,216 (40,280)
Water earnout   (125,000)  
Gain on deconsolidation of Antero Midstream Partners LP   (1,406,042)  
Distributions/dividends of earnings from unconsolidated affiliates 171,022 157,956 46,415
Amortization of deferred revenue (14,507)    
Amortization of debt issuance costs, debt discount, debt premium and other 12,236 10,681 4,681
Changes in current assets and liabilities:      
Accounts receivable (9,492) 31,631 (15,156)
Accrued revenue (107,428) 156,941 (174,706)
Other current assets (5,507) (1,025) (5,817)
Accounts payable including related parties (19,282) (27,996) 9,307
Accrued liabilities 37,954 (25,762) 63,562
Revenue distributions payable (5,203) (102,839) 101,210
Other current liabilities (89) 4,592 (3,823)
Net cash provided by operating activities 735,640 1,103,458 2,081,987
Cash flows provided by (used in) investing activities:      
Additions to unproved properties (45,129) (88,682) (172,387)
Drilling and completion costs (826,265) (1,254,118) (1,488,573)
Additions to water handling and treatment systems   (24,416) (97,699)
Additions to gathering systems and facilities   (48,239) (444,413)
Additions to other property and equipment (2,963) (6,700) (7,514)
Settlement of water earnout 125,000    
Investments in unconsolidated affiliates   (25,020) (136,475)
Proceeds from sale of common stock of Antero Midstream Corporation   100,000  
Proceeds from the Antero Midstream Partners LP Transactions   296,611  
Proceeds from asset sales 701 1,983  
Proceeds from VPP sale, net 215,789    
Change in other assets 2,806 7,091 (3,663)
Net cash used in investing activities (530,061) (1,041,490) (2,350,724)
Cash flows provided by (used in) financing activities:      
Repurchases of common stock (43,443) (38,772) (129,084)
Issuance of senior notes by Antero Midstream Partners LP   650,000  
Issuance of convertible notes 287,500    
Repayment of senior notes (1,219,019) (191,092)  
Borrowings (repayments) on bank credit facilities, net 465,000 232,000 660,379
Payment of debt issuance costs (8,984) (4,547) (2,169)
Sale of noncontrolling interest 351,000    
Distributions to noncontrolling interests (35,920) (85,076) (267,271)
Employee tax withholding for settlement of equity compensation awards (422) (2,389) (17,020)
Other (1,291) (2,560) (4,539)
Net cash provided by (used in) financing activities (205,579) 557,564 240,296
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 192,302 224,331 275,769
Decrease in accounts payable and accrued liabilities for additions to property and equipment $ (94,619) $ (15,897) $ (47,717)

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