Income Statement Image
v3.20.4
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenue and other:      
Revenue $ 3,394,477 $ 3,940,558 $ 4,133,139
Commodity derivative fair value gains (losses) 79,918 463,972 (87,594)
Marketing derivative fair value gains 0 0 94,081
Amortization of deferred revenue, VPP 14,507    
Total revenue 3,491,699 4,408,690 4,139,626
Operating expenses:      
Production and ad valorem taxes 106,775 125,142 126,474
Impairment of oil and gas properties 223,770 1,300,444 549,437
Impairment of midstream assets   14,782 9,658
Depletion, depreciation, and amortization 861,870 914,867 972,465
Accretion of asset retirement obligations 3,421 3,762 2,819
General and administrative (including equity-based compensation expense of $70,414, $23,559 and $23,317 in 2018, 2019 and 2020, respectively) 134,482 178,696 240,344
Contract termination and rig stacking 14,290 14,026  
Loss on sale of assets 348 951  
Total operating expenses 4,445,146 5,395,735 4,067,721
Operating income (loss) (953,447) (987,045) 71,905
Other income (expense):      
Interest expense, net (199,872) (228,111) (286,743)
Equity in net income (loss) of unconsolidated affiliates (62,660) (143,216) 40,280
Gain on early extinguishment of debt 175,962 36,419  
Gain on deconsolidation of Antero Midstream Partners LP   1,406,042  
Water earnout   125,000  
Loss on the sale of equity method investment shares   (108,745)  
Impairment of equity method investment (610,632) (467,590)  
Transaction expense (7,244)    
Total other income (expenses) (704,446) 619,799 (246,463)
Loss before income taxes (1,657,893) (367,246) (174,558)
Provision for income tax benefit 397,482 74,110 128,857
Net loss and comprehensive loss including noncontrolling interests (1,260,411) (293,136) (45,701)
Less: net income and comprehensive income attributable to noncontrolling interests 7,486 46,993 351,816
Net loss and comprehensive loss attributable to Antero Resources Corporation $ (1,267,897) $ (340,129) $ (397,517)
Loss per share-basic $ (4.65) $ (1.11) $ (1.26)
Loss per share-diluted $ (4.65) $ (1.11) $ (1.26)
Weighted average number of shares outstanding:      
Basic (in shares) 272,433 306,400 316,036
Diluted (in shares) 272,433 306,400 316,036
Natural gas sales      
Revenue and other:      
Revenue $ 1,809,952 $ 2,247,162 $ 2,287,939
Natural gas liquids sales      
Revenue and other:      
Revenue 1,161,683 1,219,162 1,177,777
Oil sales      
Revenue and other:      
Revenue 112,270 177,549 187,178
Gathering, compression, water handling and treatment      
Revenue and other:      
Revenue   4,478 21,344
Operating expenses:      
Cost of goods and services sold 2,530,838 2,146,647 1,339,358
Marketing      
Revenue and other:      
Revenue 310,572 292,207 458,901
Operating expenses:      
Cost of goods and services sold 469,404 549,814 686,055
Other income      
Revenue and other:      
Revenue 2,797 4,160  
Lease operating      
Operating expenses:      
Cost of goods and services sold 98,865 145,720 136,153
Exploration      
Operating expenses:      
Cost of goods and services sold $ 1,083 $ 884 $ 4,958

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