Quarterly report pursuant to Section 13 or 15(d)

Subsidiary Guarantors - Cash Flows (Details)

v3.19.1
Subsidiary Guarantors - Cash Flows (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows provided by (used in) operating activities:    
Net income including noncontrolling interests $ 1,025,756 $ 80,810
Adjustments to reconcile net income (loss) to net cash provided by operating activities    
Depletion, depreciation, amortization, and accretion 241,177 228,934
Impairment of unproved properties 81,244 50,536
Impairment of gathering systems and facilities 6,982  
Commodity derivative fair value (gains) losses 77,368 (22,437)
Gains on settled commodity derivatives 97,092 101,341
Marketing derivative fair value (gains) losses (91,186) (94,234)
Gains on settled marketing derivatives   110,042
Deferred income tax expense 287,854 9,120
Equity-based compensation expense 8,903 21,156
Equity in earnings of unconsolidated affiliates (14,081) (7,862)
Distributions of earnings from unconsolidated affiliates 12,605 7,085
Gain on deconsolidation of Antero Midstream Partners LP (1,406,042)  
Other 11,081 969
Changes in current assets and liabilities 109,065 56,089
Net cash provided by operating activities 539,004 541,549
Cash flows provided by (used in) investing activities:    
Additions to unproved properties (27,463) (49,569)
Drilling and completion costs (368,687) (359,868)
Additions to water handling and treatment systems (24,416) (40,285)
Additions to gathering systems and facilities (48,239) (93,670)
Additions to other property and equipment (3,128) (2,571)
Investments in unconsolidated affiliates (25,020) (17,389)
Proceeds from the Antero Midstream Partners LP Transactions 296,611  
Change in other assets (4,475) (217)
Net cash used in investing activities (204,817) (563,569)
Cash flows provided by (used in) financing activities:    
Issuance of senior notes 650,000  
Borrowings (repayments) on bank credit facilities, net (270,000) 75,000
Payments of deferred financing costs (8,259)  
Distributions to noncontrolling interests in Antero Midstream Partners LP (85,076) (55,915)
Employee tax withholding for settlement of equity compensation awards (479) (1,084)
Other (841) (1,269)
Net cash provided by (used in) financing activities 285,345 16,732
Effect of deconsolidation of Antero Midstream Partners LP (619,532)  
Net increase (decrease) in cash and cash equivalents   (5,288)
Cash and cash equivalents, beginning of period   28,441
Cash and cash equivalents, end of period   23,153
Reportable legal entity | Parent (Antero)    
Cash flows provided by (used in) operating activities:    
Net income including noncontrolling interests 777,198 14,833
Adjustments to reconcile net income (loss) to net cash provided by operating activities    
Depletion, depreciation, amortization, and accretion 219,407 196,468
Accretion of contingent acquisition consideration   (3,874)
Impairment of unproved properties 81,244 50,536
Commodity derivative fair value (gains) losses 77,368 (22,437)
Gains on settled commodity derivatives 97,092 101,341
Marketing derivative fair value (gains) losses (91,186) (94,234)
Gains on settled marketing derivatives   110,042
Deferred income tax expense 287,854 9,120
Equity-based compensation expense 6,426 14,945
Equity in earnings of consolidated subsidiaries (15,021) 20,128
Equity in earnings of unconsolidated affiliates (589)  
Gain on deconsolidation of Antero Midstream Partners LP (1,205,705)  
Distributions from subsidiaries 46,469 36,088
Other 10,331 279
Changes in current assets and liabilities 102,830 65,023
Net cash provided by operating activities 484,904 498,258
Cash flows provided by (used in) investing activities:    
Additions to unproved properties (27,463) (49,569)
Drilling and completion costs (389,252) (420,627)
Additions to gathering systems and facilities   104
Additions to other property and equipment (2,066) (2,571)
Proceeds from the Antero Midstream Partners LP Transactions 296,611  
Change in other assets (1,118) 1,067
Net cash used in investing activities (123,288) (471,596)
Cash flows provided by (used in) financing activities:    
Borrowings (repayments) on bank credit facilities, net (360,379) (30,000)
Payments of deferred financing costs (791)  
Employee tax withholding for settlement of equity compensation awards (450) (1,066)
Other 4 (1,235)
Net cash provided by (used in) financing activities (361,616) (32,301)
Net increase (decrease) in cash and cash equivalents   (5,639)
Cash and cash equivalents, beginning of period   20,078
Cash and cash equivalents, end of period   14,439
Reportable legal entity | Guarantor Subsidiaries    
Cash flows provided by (used in) operating activities:    
Net income including noncontrolling interests 201,565  
Adjustments to reconcile net income (loss) to net cash provided by operating activities    
Equity in earnings of unconsolidated affiliates (1,228)  
Gain on deconsolidation of Antero Midstream Partners LP (200,337)  
Reportable legal entity | Non-Guarantor Subsidiaries    
Cash flows provided by (used in) operating activities:    
Net income including noncontrolling interests 99,518 108,105
Adjustments to reconcile net income (loss) to net cash provided by operating activities    
Depletion, depreciation, amortization, and accretion 21,770 32,466
Accretion of contingent acquisition consideration 1,928 3,874
Impairment of gathering systems and facilities 6,982  
Equity-based compensation expense 2,477 6,211
Equity in earnings of unconsolidated affiliates (12,264) (7,862)
Distributions of earnings from unconsolidated affiliates 12,605 7,085
Other 750 690
Changes in current assets and liabilities (10,573) (16,519)
Net cash provided by operating activities 121,265 134,050
Cash flows provided by (used in) investing activities:    
Additions to water handling and treatment systems (24,547) (34,197)
Additions to gathering systems and facilities (48,239) (93,774)
Additions to other property and equipment (1,062)  
Investments in unconsolidated affiliates (25,020) (17,389)
Change in other assets (3,357) (1,284)
Net cash used in investing activities (102,225) (146,644)
Cash flows provided by (used in) financing activities:    
Issuance of senior notes 650,000  
Borrowings (repayments) on bank credit facilities, net 90,379 105,000
Payments of deferred financing costs (7,468)  
Distributions to noncontrolling interests in Antero Midstream Partners LP (131,545) (92,003)
Employee tax withholding for settlement of equity compensation awards (29) (18)
Other (845) (34)
Net cash provided by (used in) financing activities 600,492 12,945
Effect of deconsolidation of Antero Midstream Partners LP (619,532)  
Net increase (decrease) in cash and cash equivalents   351
Cash and cash equivalents, beginning of period   8,363
Cash and cash equivalents, end of period   8,714
Eliminations    
Cash flows provided by (used in) operating activities:    
Net income including noncontrolling interests (52,525) (42,128)
Adjustments to reconcile net income (loss) to net cash provided by operating activities    
Accretion of contingent acquisition consideration (1,928) (3,874)
Equity in earnings of consolidated subsidiaries 15,021 (20,128)
Distributions from subsidiaries (46,469) (36,088)
Changes in current assets and liabilities 16,808 7,585
Net cash provided by operating activities (67,165) (90,759)
Cash flows provided by (used in) investing activities:    
Drilling and completion costs 20,565 60,759
Additions to water handling and treatment systems 131 (6,088)
Net cash used in investing activities 20,696 54,671
Cash flows provided by (used in) financing activities:    
Distributions to noncontrolling interests in Antero Midstream Partners LP 46,469 36,088
Net cash provided by (used in) financing activities $ 46,469 $ 36,088