Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities:    
Net income (loss) including noncontrolling interest $ 804,422 $ 66,865
Adjustment to reconcile net income (loss) to net cash provided by operating activities:    
Depletion, depreciation, amortization, and accretion 549,240 321,915
Impairment of unproved properties 43,670 7,895
Derivative fair value (gains) losses (1,836,398) 63,720
Gains (losses) on settled derivatives 586,639 57,333
Deferred income tax expense (benefit) 498,709 75,919
Equity-based compensation expense 79,280 85,896
Loss on early extinguishment of debt   20,386
Gain on sale of discontinued operations   (3,564)
Deferred income tax expense - discontinued operations   1,354
Other 12,129 4,874
Changes in current assets and liabilities:    
Accounts receivable 15,299 (36,145)
Accrued revenue 75,765 (47,189)
Other current assets 4,127 975
Accounts payable (1,302) 530
Accrued liabilities 29,537 105,278
Revenue distributions payable (20,839) 72,857
Other current liabilities (3,678) (153)
Net cash provided by operating activities 836,600 798,746
Cash flows used in investing activities:    
Additions to unproved properties (170,291) (518,247)
Drilling and completion costs (1,350,498) (1,723,657)
Additions to water handling systems (79,227) (156,467)
Additions to gathering systems and facilities (282,813) (406,666)
Additions to other property and equipment (5,225) (12,539)
Change in other assets 11,190 (6,896)
Proceeds from asset sales 40,000  
Net cash used in investing activities (1,836,864) (2,824,472)
Cash flows from financing activities:    
Issuance of common stock 537,832  
Issuance of common units in Antero Midstream Partners LP 240,972  
Issuance of senior notes 750,000 1,102,500
Repayment of senior notes   (260,000)
Borrowings (repayments) on bank credit facility, net (705,000) 1,217,000
Make-whole premium on debt extinguished   (17,383)
Payments of deferred financing costs (17,190) (27,570)
Distributions to noncontrolling interest in consolidated subsidiary (21,358)  
Other (3,561)  
Net cash provided by (used in) financing activities 781,695 2,014,547
Net increase (decrease) in cash and cash equivalents (218,569) (11,179)
Cash and cash equivalents, beginning of period 245,979 17,487
Cash and cash equivalents, end of period 27,410 6,308
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest 116,579 67,299
Supplemental disclosure of noncash investing activities:    
Increase (decrease) in accounts payable and accrued liabilities for additions to property and equipment $ (193,288) $ 227,368