| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 |
|---|---|---|---|---|---|---|---|---|
Revenue and other: | ||||||||
Revenue | ||||||||
3,940 | 4,133 | 3,018 | 2,161 | - | - | - | - | - |
Commodity derivative fair value gains (losses) | ||||||||
463 | -87 | 658 | -514 | 2,381 | 868 | 491 | 179 | 496 |
Marketing derivative fair value gains (losses) | ||||||||
0 | 94 | -21 | - | - | - | - | - | - |
Gain on sale of assets | ||||||||
- | - | - | - | - | 40 | - | 291 | - |
Total revenue and other | ||||||||
4,408 | 4,139 | 3,655 | 1,744 | 3,954 | 2,720 | 1,313 | 735 | 691 |
Operating expenses: | ||||||||
Production and ad valorem taxes | ||||||||
125 | 126 | 94 | 66 | 78 | 87 | 50 | 20 | 11 |
Impairment of oil and gas properties | ||||||||
1,300 | 549 | 159 | 162 | 104 | 15 | 10 | 12 | 4 |
Impairment of midstream assets | ||||||||
14 | 9 | 23 | 0 | - | - | - | - | - |
Depletion, depreciation, and amortization | ||||||||
914 | 972 | 824 | 809 | 709 | 477 | 233 | 102 | 55 |
Loss on sale of assets | ||||||||
-0 | - | - | 97 | - | - | - | - | -8 |
Accretion of asset retirement obligations | ||||||||
3 | 2 | 2 | 2 | 1 | 1 | 1 | 0 | 0 |
General and administrative (including equity-based compensation expense of $8,903 and $3,329 in 2019 and 2020, respectively) | ||||||||
178 | 240 | 251 | 239 | 233 | 216 | 425 | 45 | 33 |
Contract termination and rig stacking | ||||||||
14 | - | - | - | 38 | - | - | - | - |
Total operating expenses | ||||||||
5,395 | 4,067 | 2,915 | 2,720 | 2,164 | 1,420 | 971 | 291 | 160 |
Operating income (loss) | ||||||||
-987 | 71 | 740 | -975 | 1,790 | 1,299 | 341 | 444 | 530 |
Other income (expenses): | ||||||||
Water earnout | ||||||||
125 | - | - | - | - | - | - | - | - |
Equity in earnings (loss) of unconsolidated affiliates | ||||||||
-143 | 40 | 20 | 0 | - | - | - | - | - |
Loss on the sale of equity investment shares | ||||||||
-108 | - | - | - | - | - | - | - | - |
Impairment of equity investments | ||||||||
467 | - | - | - | - | - | - | - | - |
Gain on deconsolidation of Antero Midstream Partners LP | ||||||||
1,406 | - | - | - | - | - | - | - | - |
Interest expense, net | ||||||||
-228 | -286 | -268 | 253 | 234 | 160 | 136 | 97 | 74 |
Gain on early extinguishment of debt | ||||||||
36 | - | -1 | -16 | - | -20 | -42 | - | - |
Total other income (expenses) | ||||||||
619 | -246 | -250 | -270 | -234 | -180 | -179 | -97 | -74 |
Income (loss) before income taxes | ||||||||
-367 | -174 | 490 | -1,245 | 1,555 | 1,119 | 162 | 346 | 456 |
Interest rate derivative fair value loss | ||||||||
- | - | - | - | - | - | - | - | -0 |
Provision for income tax (expense) benefit | ||||||||
-74 | -128 | -295 | -496 | 575 | 445 | 186 | 121 | 185 |
Income (loss) from continuing operations | ||||||||
- | - | - | - | - | 673 | -24 | 225 | 271 |
Income from sale of discontinued operations, net of income tax expense | ||||||||
- | - | - | - | - | 2 | 5 | -510 | 121 |
Net income (loss) and comprehensive income (loss) including noncontrolling interests | ||||||||
-293 | -45 | 785 | -749 | 979 | 675 | -18 | -285 | - |
Net income and comprehensive income attributable to noncontrolling interests | ||||||||
46 | 351 | 170 | 99 | 38 | 2 | - | - | - |
Net income (loss) and comprehensive income (loss) attributable to Antero Resources Corporation | ||||||||
-340 | -397 | 615 | -848 | 941 | 673 | -18 | -285 | 392 |
Earnings (loss) per common share-basic (in dollars per share) | ||||||||
Continuing operations (in dollars per share) | ||||||||
- | - | - | - | 3.43 | 2.56 | -0.09 | 0.86 | 1.04 |
Discontinued operations (in dollars per share) | ||||||||
- | - | - | - | - | 0.01 | 0.02 | -1.95 | 0.46 |
Income (loss) per share-basic (in dollars per share) | ||||||||
-1.11 | -1.26 | 1.95 | -2.88 | - | 2.57 | -0.07 | -1.09 | 1.50 |
Continuing operations (in dollars per share) | ||||||||
- | - | - | - | 3.43 | 2.56 | -0.09 | 0.86 | 1.04 |
Discontinued operations (in dollars per share) | ||||||||
- | - | - | - | - | 0.01 | 0.02 | -1.95 | 0.46 |
Income (loss) per share-diluted (in dollars per share) | ||||||||
-1.11 | -1.26 | 1.94 | -2.88 | - | 2.57 | -0.07 | -1.09 | 1.50 |
Weighted average number of shares outstanding: | ||||||||
Basic (in shares) | ||||||||
306 | 316 | 315 | 294 | 274 | 262 | 262 | 262 | - |
Diluted (in shares) | ||||||||
306 | 316 | 316 | 294 | 274 | 262 | 262 | 262 | - |
Natural gas sales | ||||||||
Revenue | ||||||||
2,247 | 2,287 | 1,769 | 1,260 | 1,039 | 1,301 | 689 | 259 | 195 |
Natural gas liquids sales | ||||||||
Revenue | ||||||||
1,219 | 1,177 | 870 | 432 | 264 | 328 | 111 | 3 | - |
Oil sales | ||||||||
Revenue | ||||||||
177 | 187 | 108 | 61 | 70 | 107 | 20 | 1 | 0 |
Gathering, compression, water handling and treatment | ||||||||
Revenue | ||||||||
4 | 21 | 12 | 12 | 22 | 22 | - | - | - |
Cost of goods and services sold | ||||||||
2,146 | 1,339 | 1,095 | 882 | 659 | 461 | 218 | 91 | 37 |
Marketing | ||||||||
Revenue | ||||||||
292 | 458 | 258 | 393 | 176 | 53 | - | - | - |
Cost of goods and services sold | ||||||||
549 | 686 | 366 | 499 | 299 | 103 | - | - | - |
Other income | ||||||||
Revenue | ||||||||
4 | - | - | - | - | - | - | - | - |
Lease operating | ||||||||
Cost of goods and services sold | ||||||||
145 | 136 | 89 | 50 | 36 | 29 | 9 | 6 | 4 |
Exploration | ||||||||
Cost of goods and services sold | ||||||||
0 | 4 | 8 | 6 | 3 | 27 | 22 | 14 | 4 |