Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

v3.4.0.3
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities:    
Net income (loss) including noncontrolling interest $ 10,650 $ 399,171
Adjustment to reconcile net income (loss) to net cash provided by operating activities:    
Depletion, depreciation, amortization, and accretion 192,180 182,700
Impairment of unproved properties 15,526 8,577
Derivative fair value (gains) losses (279,924) (759,554)
Gains (losses) on settled derivatives 324,347 184,840
Deferred income tax expense (benefit) 4,815 247,338
Equity-based compensation expense 23,470 27,783
Other 274 1,602
Changes in current assets and liabilities:    
Accounts receivable 651 (42,207)
Accrued revenue (8,204) 25,654
Other current assets 15 1,607
Accounts payable 5,643 (513)
Accrued liabilities 47,785 72,634
Revenue distributions payable 2,969 1,103
Other current liabilities (29) 705
Net cash provided by operating activities 340,168 351,440
Cash flows used in investing activities:    
Additions to unproved properties (28,675) (51,541)
Drilling and completion costs (395,185) (569,068)
Additions to water handling and treatment systems (37,036) (22,126)
Additions to gathering systems and facilities (48,686) (125,988)
Additions to other property and equipment (541) (2,103)
Change in other assets (9,172) (8,410)
Proceeds from asset sales   40,000
Net cash used in investing activities (519,295) (739,236)
Cash flows from financing activities:    
Issuance of common stock   537,875
Proceeds from sale of common units in Antero Midstream Partners LP by Antero Resources Corporation 178,000  
Issuance of senior notes   750,000
Borrowings (repayments) on bank credit facility, net 33,000 (940,000)
Payments of deferred financing costs (64) (15,022)
Distributions to noncontrolling interest in consolidated subsidiary (14,013) (4,338)
Payments Related to Tax Withholding for Share-based Compensation (117) (46)
Other (1,282) (1,161)
Net cash provided by financing activities 195,524 327,308
Net increase (decrease) in cash and cash equivalents 16,397 (60,488)
Cash and cash equivalents, beginning of period 23,473 245,979
Cash and cash equivalents, end of period 39,870 185,491
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest 14,350 14,563
Supplemental disclosure of noncash investing activities:    
Decrease in accounts payable and accrued liabilities for additions to property and equipment $ (119,191) $ (184,753)