Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.7.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities:    
Net income (loss) including noncontrolling interest $ 305,558 $ 10,650
Adjustment to reconcile net income to net cash provided by operating activities:    
Depletion, depreciation, amortization, and accretion 203,366 192,180
Impairment of unproved properties 26,899 15,526
Derivative fair value (gains) losses (438,775) (279,924)
Gains on settled derivatives (44,849) (324,347)
Deferred income tax expense (benefit) 131,346 4,815
Equity in earnings of unconsolidated affiliate (2,231)  
Equity-based compensation expense 25,503 23,470
Other (87) (274)
Changes in current assets and liabilities:    
Accounts receivable (7,192) 651
Accrued revenue 41,901 (8,204)
Other current assets (3,366) 15
Accounts payable 12,545 4,387
Accrued liabilities 19,339 49,041
Revenue distributions payable 34,786 2,969
Other current liabilities (676) (29)
Net cash provided by operating activities 393,939 340,168
Cash flows used in investing activities:    
Additions to proved properties (49,664)  
Additions to unproved properties (55,542) (28,675)
Drilling and completion costs (306,925) (395,185)
Additions to water handling and treatment systems (36,954) (37,036)
Additions to gathering systems and facilities (66,559) (48,686)
Additions to other property and equipment (590) (541)
Investment in unconsolidated affiliate (159,889)  
Change in other assets (12,350) (9,172)
Net cash used in investing activities (688,473) (519,295)
Cash flows from financing activities:    
Issuance of common units by Antero Midstream Partners LP 223,119  
Proceeds from sale of common units in Antero Midstream Partners LP by Antero Resources Corporation   178,000
Borrowings (repayments) on bank credit facility, net 70,000 33,000
Payments of deferred financing costs   (64)
Distributions to noncontrolling interest in consolidated subsidiary (27,149) (14,013)
Employee tax withholding for settlement of equity compensation awards (1,657) (117)
Other (1,389) (1,282)
Net cash provided by financing activities 262,924 195,524
Net increase (decrease) in cash and cash equivalents (31,610) 16,397
Cash and cash equivalents, beginning of period 31,610 23,473
Cash and cash equivalents, end of period   39,870
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest 35,770 14,350
Supplemental disclosure of noncash investing activities:    
Increase (decrease) in accounts payable and accrued liabilities for additions to property and equipment $ (10,020) $ (119,191)