Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows provided by (used in) operating activities:    
Net income including noncontrolling interests $ 13,535 $ 345,523
Adjustment to reconcile net income to net cash provided by operating activities:    
Depletion, depreciation, amortization, and accretion 467,684 405,197
Impairment of unproved properties 184,973 42,098
Impairment of gathering systems and facilities 8,501  
Commodity derivative fair value gains (77,773) (524,416)
Gains on settled commodity derivatives 197,225 75,913
Marketing derivative fair value gains (94,124)  
Gains on settled marketing derivatives 94,158  
Deferred income tax expense (benefit) (16,453) 150,165
Equity-based compensation expense 40,227 52,478
Equity in earnings of unconsolidated affiliates (17,126) (5,854)
Distributions from unconsolidated affiliates 17,895 5,820
Other 1,932 472
Changes in current assets and liabilities:    
Accounts receivable 10,237 13,188
Accrued revenue (21,092) 43,339
Other current assets 2,353 (2,385)
Accounts payable 2,948 2,072
Accrued liabilities 24,065 4,204
Revenue distributions payable 1,617 39,162
Other current liabilities (1,842) 610
Net cash provided by operating activities 838,940 647,586
Cash flows used in investing activities:    
Additions to proved properties   (179,318)
Additions to unproved properties (87,861) (129,876)
Drilling and completion costs (752,781) (629,308)
Additions to water handling and treatment systems (58,127) (95,451)
Additions to gathering systems and facilities (206,753) (155,365)
Additions to other property and equipment (3,502) (6,564)
Investments in unconsolidated affiliates (56,297) (191,364)
Change in other assets (7,026) (12,452)
Other   2,156
Net cash used in investing activities (1,172,347) (1,397,542)
Cash flows provided by (used in) financing activities:    
Issuance of common units by Antero Midstream Partners LP   246,585
Borrowings on bank credit facility, net 485,000 585,000
Distributions to noncontrolling interest in consolidated subsidiary (119,023) (61,869)
Employee tax withholding for settlement of equity compensation awards (7,967) (8,433)
Other (2,436) (2,747)
Net cash provided by financing activities 355,574 758,536
Net increase in cash and cash equivalents 22,167 8,580
Cash and cash equivalents, beginning of period 28,441 31,610
Cash and cash equivalents, end of period 50,608 40,190
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest 130,231 125,284
Supplemental disclosure of noncash investing activities:    
Increase in accounts payable and accrued liabilities for additions to property and equipment $ 2,089 $ 31,182