| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | ||
|---|---|---|---|---|---|---|
Cash flows provided by (used in) operating activities: | ||||||
Net income (loss) | ||||||
-355,114 | 66,608 | 2,325 | 9,711 | 781 | ||
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||
Distributions received from Antero Midstream Partners LP, prior to the Transactions | ||||||
43,492 | 123,186 | 53,491 | - | - | ||
Depreciation | ||||||
95,526 | - | - | - | - | ||
Accretion and change in fair value of contingent acquisition consideration | ||||||
8,263 | - | - | - | - | ||
Impairment | ||||||
761,960 | - | - | - | - | ||
Deferred income tax benefit | ||||||
-101,927 | -1,304 | - | -368 | 368 | ||
Equity-based compensation | ||||||
73,517 | 35,111 | 34,933 | - | - | ||
Equity in earnings of unconsolidated affiliates | ||||||
51,315 | 142,906 | 69,720 | 16,944 | 1,264 | ||
Distributions from unconsolidated affiliates | ||||||
64,320 | - | - | 10,370 | 295 | ||
Amortization of customer relationships | ||||||
57,010 | - | - | - | - | ||
Amortization of deferred financing costs | ||||||
3,183 | 148 | - | - | - | ||
Changes in assets and liabilities: | ||||||
Accounts receivable-Antero Resources | ||||||
-42,484 | - | - | 217 | - | ||
Accounts receivable-third party | ||||||
-185 | - | - | - | - | ||
Other current assets | ||||||
335 | 5 | - | - | - | ||
Accounts payable-Antero Resources | ||||||
-2,103 | 674 | 57 | - | - | ||
Accounts payable and accrued liabilities | ||||||
- | - | - | 426 | - | ||
Accounts payable-third party | ||||||
-9,762 | 28 | - | - | - | ||
Accrued liabilities | ||||||
8,681 | 171 | -190 | - | - | ||
Income taxes payable | ||||||
-15,678 | 1,820 | 7,184 | 6,559 | 115 | ||
Net cash provided by operating activities | ||||||
622,387 | 83,531 | 28,080 | 9,537 | 295 | ||
Cash flows provided by (used in) investing activities: | ||||||
Additions to gathering systems and facilities | ||||||
267,383 | - | - | - | - | ||
Additions to water handling systems | ||||||
124,607 | - | - | - | - | ||
Investments in unconsolidated affiliates | ||||||
154,359 | - | - | - | - | ||
Cash received on acquisition of Antero Midstream Partners LP | ||||||
-619,532 | - | - | - | - | ||
Cash consideration paid to Antero Midstream Partners LP unitholders | ||||||
598,709 | - | - | - | - | ||
Change in other assets | ||||||
-901 | - | - | - | - | ||
Change in other liabilities | ||||||
-1,050 | - | - | - | - | ||
Net cash used in investing activities | ||||||
-525,675 | - | - | - | - | ||
Cash flows provided by (used in) financing activities: | ||||||
Distributions to Antero Resources Investment LLC | ||||||
- | - | 15,691 | - | 223 | ||
Distributions to unitholders and dividends to stockholders | ||||||
492,103 | 84,166 | 16,011 | - | - | ||
Distributions to Series B unitholders | ||||||
3,720 | 2,300 | - | - | - | ||
Distributions to preferred shareholders | ||||||
374 | - | - | - | - | ||
Repurchases of common stock | ||||||
125,519 | - | - | - | - | ||
Issuance of senior notes | ||||||
650,000 | - | - | - | - | ||
Payments of deferred financing costs | ||||||
8,894 | 230 | - | - | - | ||
Borrowings on bank credit facilities, net | ||||||
-115,500 | - | - | - | - | ||
Employee tax withholding for settlement of equity compensation awards | ||||||
2,015 | - | - | - | - | ||
Other | ||||||
-174 | - | - | - | - | ||
Net cash used in financing activities | ||||||
-98,299 | -86,696 | -31,702 | - | -223 | ||
Net decrease in cash and cash equivalents | ||||||
-1,587 | -3,165 | -3,622 | 9,537 | 72 | ||
Supplemental disclosure of cash flow information: | ||||||
Cash paid during the period for interest | ||||||
83,016 | 3 | - | - | - | ||
Cash paid during the period for income taxes | ||||||
16,079 | 31,795 | 19,077 | 228 | - | ||
Increase in accrued capital expenditures and accounts payable for property and equipment | ||||||
-6,215 | - | - | - | - | ||