Cash Flow Image
v3.20.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows provided by (used in) operating activities:    
Net income (loss) including noncontrolling interests $ (801,878) $ 1,067,924
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depletion, depreciation, amortization, and accretion 415,927 484,397
Impairment of oil and gas properties 126,570 212,243
Impairment of midstream assets   6,982
Commodity derivative fair value gains (397,818) (251,059)
Gains on settled commodity derivatives 524,838 141,791
Loss on sale of assets   951
Equity-based compensation expense 11,302 15,452
Deferred income tax expense (benefit) (252,389) 304,963
Gain on early extinguishment of debt (119,732)  
Equity in (earnings) loss of unconsolidated affiliates 107,827 (27,666)
Impairment of equity investment (610,632)  
Gain on deconsolidation of Antero Midstream Partners LP   (1,406,042)
Distributions/dividends of earnings from unconsolidated affiliates 85,511 60,527
Other 4,433 5,670
Changes in current assets and liabilities:    
Accounts receivable (27,329) 5,848
Accrued revenue 63,023 166,066
Other current assets 789 2,307
Accounts payable including related parties (21,182) (2,424)
Accrued liabilities 15,722 (22,146)
Revenue distributions payable (29,560) (9,795)
Other current liabilities (46) 1,119
Net cash provided by operating activities 316,640 757,108
Cash flows provided by (used in) investing activities:    
Additions to unproved properties (21,672) (56,814)
Drilling and completion costs (552,227) (680,088)
Additions to water handling and treatment systems   (24,416)
Additions to gathering systems and facilities   (48,239)
Additions to other property and equipment (1,234) (4,629)
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   1,983
Change in other assets 525 (4,974)
Net cash used in investing activities (449,608) (545,586)
Cash flows provided by (used in) financing activities:    
Repurchases of common stock (43,443)  
Issuance of senior notes   650,000
Repayment of senior notes (496,541)  
Borrowings (repayments) on bank credit facilities, net 374,000 (145,000)
Payments of deferred financing costs   (8,259)
Sale of noncontrolling interest 300,000  
Distributions to noncontrolling interests in Antero Midstream Partners LP   (85,076)
Employee tax withholding for settlement of equity compensation awards (331) (2,295)
Other (717) (1,360)
Net cash provided by financing activities 132,968 408,010
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 101,885 119,180
Decrease in accounts payable and accrued liabilities for additions to property and equipment $ 61,305 $ 33,240

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