ANTERO RESOURCES CORPORATION AR Cash Flow

Antero resources corporation (AR)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13
Cash flows provided by (used in) operating activities:
Net income (loss) including noncontrolling interests
-1,657	-293	207	1,008	899	-45	465	453	560	785	-197	160	-454	-749	-121	155	591	979	1,413	1,072	1,169	675	-156	-239	-65	-18	0	0	0
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depletion, depreciation, amortization, and accretion
878	918	990	991	987	975	925	889	852	827	835	827	823	812	752	741	720	711	706	642	570	479	397	338	285	234	0	0	0
Impairment of oil and gas properties
0	-	0	0	0	-	0	0	183	-	198	169	174	162	107	104	111	104	50	46	22	15	9	7	10	10	0	0	0
Impairment of midstream assets
-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Commodity derivative fair value (gains) losses
1,107	463	249	85	-187	-87	334	211	241	658	-181	414	-355	-514	670	1,219	1,901	2,381	2,768	1,998	1,876	868	142	-4	314	491	0	0	0
Gains on settled commodity derivatives
438	325	236	187	238	243	344	335	270	213	1,954	1,695	1,372	1,003	629	620	717	856	-393	-245	-50	135	-111	-101	-114	-163	0	0	0
Equity-based compensation expense
17	23	33	45	58	70	80	91	99	103	105	105	104	102	94	91	93	97	105	106	110	112	0	0	0	-	-	-	-
Marketing derivative fair value gains
-	-	-	-	-	94	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gains on settled marketing derivatives
-	-	-	-	-	72	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income tax expense (benefit)
-476	-79	-99	192	149	-128	-397	-461	-417	-295	-149	36	-358	-485	-153	40	333	575	868	668	733	445	145	77	179	190	0	0	0
Loss (gain) on early extinguishment of debt
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity in earnings (loss) of unconsolidated affiliates
-285	-143	-77	50	46	40	35	31	25	20	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of equity investments
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on deconsolidation of Antero Midstream Partners LP
-	1,406	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions/dividends of earnings from unconsolidated affiliates
188	157	125	89	51	46	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
2	10	9	8	14	4	-0	-0	-0	-1	-9	-12	-12	-12	-45	-35	-33	-31	0	-3	-8	-6	2	-0	2	1	0	0	0
Changes in current assets and liabilities:
Accounts receivable
65	-31	5	19	-18	15	2	8	-10	5	-31	-45	-32	-39	8	-7	-39	3	-5	32	91	45	33	17	-4	9	0	0	0
Accrued revenue
-163	-156	-72	-12	85	174	120	102	59	38	37	85	83	133	80	8	-29	-63	-28	-14	20	94	57	73	93	50	0	0	0
Other current assets
0	1	-2	3	0	3	2	-1	-0	2	6	2	1	-1	1	1	3	2	-0	0	1	2	-18	-7	-7	-19	0	0	0
Accounts payable including related parties
-7	-27	0	3	-4	9	12	10	-11	9	6	-3	15	7	-1	0	-3	-8	-22	-19	-15	-20	6	5	-3	1	0	0	0
Accrued liabilities
-30	-25	24	17	38	63	49	84	55	64	20	26	-10	18	43	17	12	36	23	68	119	95	87	49	50	26	0	0	0
Revenue distributions payable
-126	-102	-7	89	63	101	24	8	39	45	48	68	65	34	10	-55	-50	-52	-7	36	46	85	100	99	83	50	0	0	0
Other current liabilities
3	4	0	-0	-0	-3	0	-0	1	2	-2	-0	-1	-1	9	4	5	6	0	0	0	-	-	-	-	-	-	-	-
Net cash provided by operating activities
765	1,103	1,777	2,000	2,079	2,081	1,573	2,197	2,153	2,006	2,028	1,310	1,295	1,241	1,080	999	1,004	1,015	1,040	1,095	1,075	998	1,001	840	698	534	0	0	0
Cash flows provided by (used in) investing activities:
Additions to proved properties
-	-	-	-	-	-	-	-	-	175	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Additions to unproved properties
71	88	111	141	150	172	152	162	198	204	234	683	638	611	587	125	175	198	429	669	768	777	616	408	352	440	0	0	0
Drilling and completion costs
1,185	1,254	1,320	1,415	1,497	1,488	1,461	1,405	1,334	1,281	1,264	1,247	1,239	1,327	1,310	1,351	1,477	1,651	2,103	2,383	2,549	2,477	2,174	1,998	1,777	1,615	0	0	0
Additions to water handling and treatment systems
-	24	44	63	81	97	128	157	197	194	194	205	188	188	189	175	145	131	0	0	0	-	-	-	254	203	0	0	0
Additions to gathering systems and facilities
-	48	155	285	398	444	429	397	373	346	331	289	248	231	231	257	282	360	434	496	576	558	556	499	441	389	0	0	0
Additions to other property and equipment
4	6	8	8	8	7	8	11	16	14	12	7	2	2	3	5	5	6	5	4	7	13	15	15	13	6	0	0	0
Settlement of water earnout
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investments in unconsolidated affiliates
-	25	70	105	144	136	109	99	92	235	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from the Antero Midstream Partners LP Transactions
-	296	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in other assets
-	-	-	-	-	-	-	-	-	-	0	0	-0	-	3	37	-8	-9	-15	-35	7	3	-2	45	7	2	0	0	0
Proceeds from sale of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	40	0	0	0	-	-	-	-	-	-	-	-
Net cash used in investing activities
-1,023	-1,041	-1,405	-1,723	-1,991	-2,350	-2,283	-2,236	-2,336	-2,461	-2,368	-2,754	-2,564	-2,395	-2,435	-1,997	-2,078	-2,298	-3,102	-3,674	-4,093	-4,089	-3,633	-3,249	-2,861	-2,673	0	0	0
Cash flows provided by (used in) financing activities:
Issuance of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	537	0	0	0	-	-	-	-	-	-	-	-
Issuance of common units by Antero Midstream Partners LP
-	-	-	-	-	-	-	-	-	248	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of common units of Antero Midstream Partners LP held by Antero Resources Corporation
-	-	-	-	-	-	-	-	-	-	-	-	-	178	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Repurchases of common stock
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of senior notes
-	650	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	750	0	0	0	-	-	-	-	1,231	0	0	0
Repayment of senior notes
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Borrowings (repayments) on bank credit facilities, net
832	232	-66	30	315	660	970	-10	95	90	-323	335	-640	-677	-250	-218	570	-403	-480	-122	45	1,442	-7	280	341	71	0	0	0
Payments of deferred financing costs
-	4	0	0	0	-	-	-	-	-	-	-	-	18	9	2	2	17	21	29	45	31	0	0	0	-	-	-	0
Distributions to noncontrolling interests in Antero Midstream Partners LP
-	85	163	233	296	267	239	209	181	152	125	105	88	75	64	53	43	34	0	0	0	-	-	-	-	-	-	-	-
Employee tax withholding for settlement of equity compensation awards
1	2	11	11	16	17	23	23	23	24	30	30	28	26	9	9	9	9	0	0	0	-	-	-	-	-	-	-	-
Other
-2	-2	-3	-3	-4	-4	-4	-4	-4	-4	-5	-5	-5	-5	-5	-5	-4	-4	0	0	0	-	-	-	-	-	0	0	0
Net cash provided by financing activities
258	557	248	292	508	240	686	49	205	452	345	1,456	1,229	1,162	1,346	883	928	1,059	2,082	2,703	3,190	3,319	2,626	2,417	2,170	2,137	0	0	0
Effect of deconsolidation of Antero Midstream Partners LP
-	-619	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net decrease in cash and cash equivalents
0	-	-	-	-23	-28	-23	10	23	-3	5	11	-39	8	-8	-115	-145	-222	21	124	172	228	-5	8	7	-1	0	0	0
Supplemental disclosure of cash flow information:
Cash paid during the period for interest
217	224	238	264	270	275	269	268	270	263	280	243	260	239	236	237	219	219	212	206	164	163	114	115	114	117	0	0	0
Increase (decrease) in accounts payable and accrued liabilities for additions to property and equipment
17	-15	-77	-83	-83	-47	9	-29	22	-0	-344	-276	-281	-152	165	115	104	169	-215	-98	-60	-181	280	260	163	188	0	0	0