Income Statement Image
v3.19.3.a.u2
Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenue and other:                      
Revenues from contracts with customers                 $ 3,940,558 $ 4,133,139 $ 3,018,685
Commodity derivative fair value gains (losses)                 463,972 (87,594) 658,283
Marketing derivative fair value gains (losses)                 0 94,081 (21,394)
Total revenue and other $ 952,738 $ 1,118,881 $ 1,299,664 $ 1,037,407 $ 1,045,649 $ 1,076,532 $ 989,344 $ 1,028,101 4,408,690 4,139,626 3,655,574
Operating expenses:                      
Production and ad valorem taxes                 125,142 126,474 94,521
Impairment of oil and gas properties                 1,300,444 549,437 159,598
Impairment of midstream assets                 14,782 9,658 23,431
Depletion, depreciation, and amortization                 914,867 972,465 824,610
Loss on sale of assets                 951    
Accretion of asset retirement obligations                 3,762 2,819 2,610
General and administrative (including equity-based compensation expense of $103,445, $70,414 and $23,559 in 2017, 2018 and 2019, respectively)                 178,696 240,344 251,196
Contract termination and rig stacking                 14,026    
Total operating expenses 1,020,194 2,104,759 1,199,668 1,071,114 1,092,279 1,071,728 1,022,107 881,607 5,395,735 4,067,721 2,915,481
Operating income (loss) (67,456) (985,878) 99,996 (33,707) (46,630) 4,804 (32,763) 146,494 (987,045) 71,905 740,093
Other income (expenses):                      
Water earnout                 125,000    
Equity in earnings (loss) of unconsolidated affiliates                 (143,216) 40,280 20,194
Loss on the sale of equity investment shares                 (108,745)    
Impairment of equity investments                 (467,590)    
Gain on deconsolidation of Antero Midstream Partners LP       1,406,042         1,406,042    
Interest expense, net                 (228,111) (286,743) (268,701)
Gain (loss) on early extinguishment of debt                 36,419   (1,500)
Total other income (expenses)                 619,799 (246,463) (250,007)
Income (loss) before                 (367,246) (174,558) 490,086
Provision for income tax benefit                 74,110 128,857 295,051
Net income (loss) and comprehensive income (loss) including noncontrolling interests (482,196) (878,864) 42,168 1,025,756 18,736 (77,972) (67,275) 80,810 (293,136) (45,701) 785,137
Net income and comprehensive income attributable to noncontrolling interests       46,993 140,282 76,447 69,110 65,977 46,993 351,816 170,067
Net income (loss) and comprehensive income (loss) attributable to Antero Resources Corporation $ (482,196) $ (878,864) $ 42,168 $ 978,763 $ (121,546) $ (154,419) $ (136,385) $ 14,833 $ (340,129) $ (397,517) $ 615,070
Income (loss) per common share-basic (in dollars per share) $ (1.61) $ (2.86) $ 0.14 $ 3.17 $ (0.39) $ (0.49) $ (0.43) $ 0.05 $ (1.11) $ (1.26) $ 1.95
Income (loss) per common share-assuming dilution (in dollars per share) $ (1.61) $ (2.86) $ 0.14 $ 3.17 $ (0.39) $ (0.49) $ (0.43) $ 0.05 $ (1.11) $ (1.26) $ 1.94
Weighted average number of shares outstanding:                      
Basic (in shares)                 306,400 316,036 315,426
Diluted (in shares)                 306,400 316,036 316,283
Natural gas sales                      
Revenue and other:                      
Revenues from contracts with customers                 $ 2,247,162 $ 2,287,939 $ 1,769,284
Natural gas liquids sales                      
Revenue and other:                      
Revenues from contracts with customers                 1,219,162 1,177,777 870,441
Oil sales                      
Revenue and other:                      
Revenues from contracts with customers                 177,549 187,178 108,195
Gathering, compression, water handling and treatment                      
Revenue and other:                      
Revenues from contracts with customers                 4,478 21,344 12,720
Operating expenses:                      
Cost of goods and services sold                 2,146,647 1,339,358 1,095,639
Marketing                      
Revenue and other:                      
Revenues from contracts with customers                 292,207 458,901 258,045
Operating expenses:                      
Cost of goods and services sold                 549,814 686,055 366,281
Other income                      
Revenue and other:                      
Revenues from contracts with customers                 4,160    
Lease operating                      
Operating expenses:                      
Cost of goods and services sold                 145,720 136,153 89,057
Exploration                      
Operating expenses:                      
Cost of goods and services sold                 $ 884 $ 4,958 $ 8,538

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