Annual report pursuant to Section 13 and 15(d)

Segment Information (Tables)

v3.19.3.a.u2
Segment Information (Tables)
12 Months Ended
Dec. 31, 2019
Segment Information  
Schedule of operating results and assets of reportable segments

The operating results and assets of the Company’s reportable segments were as follows for the years ended December 31, 2017, 2018 and 2019 (in thousands):

    

Exploration

Elimination of

 

and

intersegment

Consolidated

    

production

Marketing

Midstream

transactions

total

 

Year ended December 31, 2017:

Sales and revenues:

Third-party

$

3,406,203

236,651

12,720

 

3,655,574

Intersegment

 

17,358

759,777

(777,135)

 

Total

$

3,423,561

 

236,651

 

772,497

 

(777,135)

 

3,655,574

Operating expenses:

Lease operating

$

93,758

189,702

(194,403)

89,057

Gathering, compression, processing, and transportation

1,441,129

39,147

(384,637)

 

1,095,639

Impairment of oil and gas properties

159,598

159,598

Impairment of midstream assets

23,431

23,431

Depletion, depreciation, and amortization

704,152

120,458

 

824,610

General and administrative

195,153

58,812

(2,769)

251,196

Other

101,980

366,281

17,165

(13,476)

471,950

Total

2,695,770

366,281

448,715

(595,285)

2,915,481

Operating income (loss)

$

727,791

 

(129,630)

 

323,782

 

(181,850)

740,093

Equity in earnings of unconsolidated affiliates

$

20,194

20,194

Segment assets

$

13,074,027

36,701

3,057,459

(906,697)

15,261,490

Capital expenditures for segment assets

$

1,859,481

540,719

(183,447)

2,216,753

    

Exploration

Elimination of

and

intersegment

Consolidated

    

production

Marketing

Midstream

transactions

total

Year ended December 31, 2018:

Sales and revenues:

Third-party

$

3,565,300

552,982

21,344

 

4,139,626

Intersegment

 

(87,472)

1,007,178

(919,706)

 

Total

$

3,477,828

 

552,982

 

1,028,522

 

(919,706)

 

4,139,626

Operating expenses:

Lease operating

$

142,234

262,704

(268,785)

136,153

Gathering, compression, processing, and transportation

1,792,898

49,550

(503,090)

 

1,339,358

Impairment of oil and gas properties

549,437

549,437

Impairment of midstream assets

9,658

9,658

Depletion, depreciation, and amortization

841,645

130,820

 

972,465

General and administrative

181,305

61,629

(2,590)

240,344

Other

129,947

686,055

(88,715)

93,019

820,306

Total

3,637,466

686,055

425,646

(681,446)

4,067,721

Operating income (loss)

$

(159,638)

 

(133,073)

 

602,876

 

(238,260)

71,905

Equity in earnings of unconsolidated affiliates

$

40,280

40,280

Segment assets

$

12,986,945

34,499

3,542,862

(1,044,842)

15,519,464

Capital expenditures for segment assets

$

1,923,488

542,112

(255,014)

2,210,586

Equity Method

Elimination of

Investment in

intersegment

Antero

transactions and

Exploration

Midstream

unconsolidated

Consolidated

and production

Marketing

Corporation

affiliates

total

Year ended December 31, 2019:

Sales and revenues:

Third-party

$

4,107,845

292,207

50

 

4,400,102

Intersegment

 

5,812

792,538

(789,762)

 

8,588

Total

$

4,113,657

 

292,207

 

792,588

 

(789,762)

 

4,408,690

Operating expenses:

Lease operating

$

146,990

162,376

(163,646)

145,720

Gathering, compression, processing, and transportation

2,257,099

41,013

(151,465)

 

2,146,647

Impairment of oil and gas properties

1,300,444

1,300,444

Impairment of midstream assets

776,832

(762,050)

14,782

Depletion, depreciation, and amortization

893,161

95,526

(73,820)

 

914,867

General and administrative

160,402

118,113

(99,819)

178,696

Other

143,762

549,814

12,093

(11,090)

694,579

Total

4,901,858

549,814

1,205,953

(1,261,890)

5,395,735

Operating income (loss)

$

(788,201)

 

(257,607)

 

(413,365)

 

472,128

(987,045)

Equity in earnings (loss) of unconsolidated affiliates

$

51,315

(194,531)

(143,216)

Investments in unconsolidated affiliates

$

709,639

345,538

1,055,177

Segment assets

$

14,121,523

20,869

6,282,878

(5,227,701)

15,197,569

Capital expenditures for segment assets

$

1,369,003

391,990

(338,838)

1,422,155