Quarterly report pursuant to Section 13 or 15(d)

Subsidiary Guarantors - Cash Flows (Details)

v3.10.0.1
Subsidiary Guarantors - Cash Flows (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Dec. 31, 2017
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Cash flows provided by (used in) operating activities:          
Net income (loss) including noncontrolling interests $ (67,275)   $ 39,965 $ 13,535 $ 345,523
Adjustments to reconcile net income (loss) to net cash provided by operating activities          
Depletion, depreciation, amortization, and accretion       467,684 405,197
Impairment of unproved properties 134,437   15,199 184,973 42,098
Impairment of gathering systems and facilities 8,501     8,501  
Commodity derivative fair value gains (55,336)   (85,641) (77,773) (524,416)
Gains on settled commodity derivatives       197,225 75,913
Marketing derivative fair value gains 110 $ 21,400   (94,124)  
Gains on settled marketing derivatives       94,158  
Deferred income tax expense (benefit)       (16,453) 150,165
Equity-based compensation expense 19,071   26,975 40,227 52,478
Equity in earnings of unconsolidated affiliates (9,264)   (3,623) (17,126) (5,854)
Distributions from unconsolidated affiliates       17,895 5,820
Other       1,932 472
Changes in current assets and liabilities       18,286 100,190
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       (119,023) (61,869)
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 (decrease) 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 28,441 40,190 50,608 40,190
Eliminations          
Cash flows provided by (used in) operating activities:          
Net income (loss) including noncontrolling interests (40,356)   (42,079) (82,484) (80,008)
Adjustments to reconcile net income (loss) to net cash provided by operating activities          
Accretion of contingent acquisition consideration (3,947)   (3,590) (7,821) (7,116)
Impairment of gathering systems and facilities (583)     (583)  
Gain on sale of assets       583  
Equity in earnings (loss) of consolidated subsidiaries (26,926)   (10,408) (47,054) (16,708)
Distributions from Antero Midstream       (74,647) (63,145)
Changes in current assets and liabilities       3,933 356
Net cash provided by operating activities       (200,252) (159,505)
Cash flows used in investing activities:          
Drilling and completion costs       134,678 96,360
Additions to water handling and treatment systems       (9,073)  
Net cash used in investing activities       125,605 96,360
Cash flows provided by (used in) financing activities:          
Distributions       74,647 63,145
Net cash provided by financing activities       74,647 63,145
Parent (Antero) | Reportable legal entity          
Cash flows provided by (used in) operating activities:          
Net income (loss) including noncontrolling interests (136,385)   (5,132) (121,552) 263,264
Adjustments to reconcile net income (loss) to net cash provided by operating activities          
Depletion, depreciation, amortization, and accretion       398,751 347,149
Accretion of contingent acquisition consideration       (7,821) (7,116)
Impairment of unproved properties 134,437   15,199 184,973 42,098
Impairment of gathering systems and facilities 4,470     4,470  
Commodity derivative fair value gains (55,336)   (85,641) (77,773) (524,416)
Gains on settled commodity derivatives       197,225 75,913
Marketing derivative fair value gains 110     (94,124)  
Gains on settled marketing derivatives       94,158  
Deferred income tax expense (benefit)       (16,453) 150,165
Equity-based compensation expense       28,149 39,241
Equity in earnings (loss) of consolidated subsidiaries 26,926   10,408 47,054 16,708
Other       547 (795)
Distributions from Antero Midstream       74,647 63,145
Changes in current assets and liabilities       14,510 106,797
Net cash provided by operating activities       726,761 572,153
Cash flows used in investing activities:          
Additions to proved properties         (179,318)
Additions to unproved properties       (87,861) (129,876)
Drilling and completion costs       (887,459) (725,668)
Additions to other property and equipment       (3,502) (6,564)
Change in other assets       2,051 (7,648)
Net cash used in investing activities       (976,771) (1,046,918)
Cash flows provided by (used in) financing activities:          
Borrowings on bank credit facility, net       270,000 490,000
Employee tax withholding for settlement of equity compensation awards       (6,649) (7,501)
Other       (2,336) (2,645)
Net cash provided by financing activities       261,015 479,854
Net increase (decrease) in cash and cash equivalents       11,005 5,089
Cash and cash equivalents, beginning of period       20,078 17,568
Cash and cash equivalents, end of period 31,083 20,078 22,657 31,083 22,657
Non-Guarantor Subsidiaries (Antero Midstream) | Reportable legal entity          
Cash flows provided by (used in) operating activities:          
Net income (loss) including noncontrolling interests 109,466   87,176 217,571 162,267
Adjustments to reconcile net income (loss) to net cash provided by operating activities          
Depletion, depreciation, amortization, and accretion       68,933 58,048
Accretion of contingent acquisition consideration 3,947   3,590 7,821 7,116
Impairment of gathering systems and facilities 4,614     4,614  
Gain on sale of assets       (583)  
Equity-based compensation expense       12,078 13,237
Equity in earnings of unconsolidated affiliates (9,264)   (3,623) (17,126) (5,854)
Distributions from unconsolidated affiliates       17,895 5,820
Other       1,385 1,267
Changes in current assets and liabilities       (157) (6,963)
Net cash provided by operating activities       312,431 234,938
Cash flows used in investing activities:          
Additions to water handling and treatment systems       (49,054) (95,451)
Additions to gathering systems and facilities       (206,753) (155,365)
Investments in unconsolidated affiliates       (56,297) (191,364)
Change in other assets       (9,077) (4,804)
Net cash used in investing activities       (321,181) (446,984)
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       215,000 95,000
Distributions       (193,670) (125,014)
Employee tax withholding for settlement of equity compensation awards       (1,318) (932)
Other       (100) (102)
Net cash provided by financing activities       19,912 215,537
Net increase (decrease) in cash and cash equivalents       11,162 3,491
Cash and cash equivalents, beginning of period       8,363 14,042
Cash and cash equivalents, end of period $ 19,525 $ 8,363 $ 17,533 $ 19,525 $ 17,533