| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 |
|---|---|---|---|---|---|---|---|---|
Cash flows provided by (used in) operating activities: | ||||||||
Net income (loss) including noncontrolling interests | ||||||||
-293,136 | -45,701 | 785,137 | -749,448 | 979,996 | 675,835 | -18,930 | -285,069 | 392,678 |
Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||||||||
Depletion, depreciation, amortization, and accretion | ||||||||
918,629 | 975,284 | 827,220 | 812,346 | 711,418 | 479,167 | 234,941 | 102,127 | 55,792 |
Impairment of oil and gas properties | ||||||||
- | - | - | 162,935 | 104,321 | 15,198 | 10,928 | 12,070 | 4,664 |
Impairments | ||||||||
1,782,816 | 559,095 | 183,029 | 0 | - | - | - | - | - |
Commodity derivative fair value (gains) losses | ||||||||
463,972 | -87,594 | 658,283 | -514,181 | 2,381,501 | 868,201 | 491,689 | 179,546 | 495,970 |
Gains on settled commodity derivatives | ||||||||
325,090 | 243,112 | 213,940 | 1,003,083 | 856,572 | 135,784 | -163,570 | -178,491 | - |
Loss on sale of assets | ||||||||
-951 | - | - | 97,635 | - | 40,000 | - | -291,190 | -8,700 |
Equity-based compensation expense | ||||||||
23,559 | 70,414 | 103,445 | 102,421 | 97,877 | 112,252 | 365,280 | - | - |
Premium paid on derivative contracts | ||||||||
- | 13,318 | - | - | - | - | - | - | - |
Proceeds from derivative monetizations | ||||||||
- | 370,365 | 749,906 | - | - | - | - | - | - |
Marketing derivative fair value gains | ||||||||
0 | 94,081 | -21,394 | - | - | - | - | - | - |
Gains on settled marketing derivatives | ||||||||
- | 72,687 | - | - | - | - | - | - | - |
Cash receipts for settled derivatives | ||||||||
- | - | - | - | - | - | - | - | 45,638 |
Deferred income tax expense (benefit) | ||||||||
-79,158 | -128,857 | -295,126 | -485,392 | 575,890 | 445,672 | 190,210 | 106,229 | 185,297 |
Loss (gain) on early extinguishment of debt | ||||||||
36,419 | - | -1,500 | -16,956 | - | -20,386 | -42,567 | - | - |
Loss on sale of Antero Midstream Corporation shares | ||||||||
-108,745 | - | - | - | - | - | - | - | - |
Equity in earnings (loss) of unconsolidated affiliates | ||||||||
-143,216 | 40,280 | 20,194 | 485 | - | - | - | - | - |
Gain on deconsolidation of Antero Midstream Partners LP | ||||||||
1,406,042 | - | - | - | - | - | - | - | - |
Water earnout | ||||||||
125,000 | - | - | - | - | - | - | - | - |
Distributions/dividends of earnings from unconsolidated affiliates | ||||||||
157,956 | 46,415 | 20,195 | 7,702 | - | - | - | - | - |
Other | ||||||||
10,681 | 4,681 | -1,907 | -12,488 | -31,741 | -6,433 | 1,173 | 4,960 | 3,479 |
Gain on sale of discontinued operations | ||||||||
- | - | - | - | - | 3,564 | -8,506 | 795,945 | - |
Deferred income tax expense - discontinued operations | ||||||||
- | - | - | - | - | 1,354 | 3,249 | - | - |
Depletion, depreciation, amortization, and impairment of unproved properties - discontinued operations | ||||||||
- | - | - | - | - | - | - | 90,096 | 126,041 |
Derivative fair value gains - discontinued operations | ||||||||
- | - | - | - | - | - | - | -46,358 | -180,130 |
Cash receipts for settled derivatives - discontinued operations | ||||||||
- | - | - | - | - | - | - | 92,166 | 66,654 |
Deferred income tax benefit (expense)discontinued operations | ||||||||
- | - | - | - | - | - | - | -272,553 | 45,155 |
Changes in current assets and liabilities: | ||||||||
Accounts receivable | ||||||||
-31,631 | 15,156 | 5,214 | -39,857 | 3,201 | 45,593 | 9,314 | -5,511 | -3,854 |
Accrued revenue | ||||||||
-156,941 | 174,706 | 38,162 | 133,718 | -63,316 | 94,733 | 50,156 | 10,683 | 11,118 |
Other current assets | ||||||||
-7,091 | 3,663 | 12,029 | -3,977 | 2,221 | 2,891 | -19,543 | 8,882 | 4,528 |
Accounts payable including related parties | ||||||||
-27,996 | 9,307 | 9,462 | 7,365 | -8,536 | -20,681 | 1,039 | -2,117 | -1,875 |
Accrued liabilities | ||||||||
-25,762 | 63,562 | 64,862 | 18,853 | 36,377 | 95,066 | 26,803 | 14,790 | 17,124 |
Revenue distributions payable | ||||||||
-102,839 | 101,210 | 45,628 | 34,040 | -52,403 | 85,763 | 50,552 | 11,268 | 4,852 |
Other current liabilities | ||||||||
4,592 | -3,823 | 2,214 | -1,091 | 6,166 | 1,016 | 3,447 | 15,000 | - |
Net cash provided by operating activities | ||||||||
1,103,458 | 2,081,987 | 2,006,291 | 1,241,256 | 1,015,812 | 998,263 | 534,707 | 332,255 | 266,307 |
Cash flows provided by (used in) investing activities: | ||||||||
Additions to proved properties | ||||||||
- | - | 175,650 | 134,113 | - | 64,066 | 15,300 | 10,254 | 105,405 |
Additions to unproved properties | ||||||||
88,682 | 172,387 | 204,272 | 611,631 | 198,694 | 777,422 | 440,825 | 687,403 | 195,131 |
Drilling and completion costs | ||||||||
1,254,118 | 1,488,573 | 1,281,985 | 1,327,759 | 1,651,282 | 2,477,150 | 1,615,965 | 836,350 | 527,710 |
Additions to water handling and treatment systems | ||||||||
24,416 | 97,699 | 194,502 | 188,188 | 131,051 | 196,675 | 203,790 | 2,801 | - |
Additions to gathering systems and facilities | ||||||||
48,239 | 444,413 | 346,217 | 231,044 | 360,287 | 558,037 | 389,453 | 142,294 | 72,837 |
Additions to other property and equipment | ||||||||
6,700 | 7,514 | 14,127 | 2,694 | 6,595 | 13,218 | 6,240 | 3,447 | 2,339 |
Investments in unconsolidated affiliates | ||||||||
25,020 | 136,475 | 235,004 | 75,516 | - | - | - | - | - |
Proceeds from sale of common stock of Antero Midstream Corporation | ||||||||
100,000 | - | - | - | - | - | - | - | - |
Proceeds from the Antero Midstream Partners LP Transactions | ||||||||
296,611 | - | - | - | - | - | - | - | - |
Decrease in notes receivable | ||||||||
- | - | - | - | - | - | - | -4,889 | 10,111 |
Change in other assets | ||||||||
- | - | - | - | -9,750 | 3,082 | 2,019 | 3,707 | 3,095 |
Proceeds from sale of assets | ||||||||
1,983 | - | 2,156 | 171,830 | 40,000 | - | - | 1,217,876 | 15,379 |
Net cash used in investing activities | ||||||||
-1,041,490 | -2,350,724 | -2,461,630 | -2,395,138 | -2,298,159 | -4,089,650 | -2,673,592 | -463,491 | -901,249 |
Cash flows provided by (used in) financing activities: | ||||||||
Issuance of common stock | ||||||||
- | - | - | 1,012,431 | 537,832 | - | 1,578,573 | - | - |
Issuance of common units by Antero Midstream Partners LP | ||||||||
- | - | 248,956 | 65,395 | 240,703 | 1,087,224 | - | - | - |
Proceeds from sale of common units of Antero Midstream Partners LP held by Antero Resources Corporation | ||||||||
- | - | 311,100 | 178,000 | - | - | - | - | - |
Repurchases of common stock | ||||||||
38,772 | 129,084 | - | - | - | - | - | - | - |
Issuance of senior notes | ||||||||
650,000 | - | - | 1,250,000 | 750,000 | 1,102,500 | 1,231,750 | 300,000 | 400,000 |
Repayment of senior notes | ||||||||
191,092 | - | - | 525,000 | - | 260,000 | 690,000 | - | - |
Borrowings (repayments) on bank credit facilities, net | ||||||||
232,000 | 660,379 | 90,000 | -677,000 | -403,000 | 1,442,000 | 71,000 | -148,000 | 265,000 |
Make-whole premium on debt extinguished | ||||||||
- | - | - | 15,750 | - | 17,383 | 33,041 | - | 6,691 |
Payments of deferred financing costs | ||||||||
4,547 | 2,169 | 16,377 | 18,759 | 17,293 | 31,543 | 20,899 | -5,926 | - |
Distributions to noncontrolling interests in Antero Midstream Partners LP | ||||||||
85,076 | 267,271 | 152,352 | 75,082 | 34,129 | - | - | - | - |
Employee tax withholding for settlement of equity compensation awards | ||||||||
2,389 | 17,020 | 24,174 | 26,895 | 9,431 | 142 | - | - | - |
Distribution to members | ||||||||
- | - | - | - | - | - | - | - | 28,859 |
Other | ||||||||
-2,560 | -4,539 | -4,983 | -5,321 | -4,841 | -2,777 | - | 808 | -153 |
Net cash provided by financing activities | ||||||||
557,564 | 240,296 | 452,170 | 1,162,019 | 1,059,841 | 3,319,879 | 2,137,383 | 146,882 | 629,297 |
Effect of deconsolidation of Antero Midstream Partners LP | ||||||||
-619,532 | - | - | - | - | - | - | - | - |
Net decrease in cash and cash equivalents | ||||||||
- | -28,441 | -3,169 | 8,137 | -222,506 | 228,492 | -1,502 | 15,646 | -5,645 |
Supplemental disclosure of cash flow information: | ||||||||
Cash paid during the period for interest | ||||||||
224,331 | 275,769 | 263,919 | 239,369 | 219,945 | 163,055 | 117,832 | 90,122 | 59,107 |
Increase (decrease) in accounts payable and accrued liabilities for additions to property and equipment | ||||||||
-15,897 | -47,717 | -547 | -152,093 | 169,783 | -181,591 | 188,123 | 72,881 | 26,465 |