ANTERO RESOURCES CORPORATION AR Income Statement

Antero resources corporation (AR)

Income statement / 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	Sep'12
Revenue and other:
Revenue
3,576	3,940	4,248	4,371	4,336	4,133	3,708	3,402	3,173	3,018	0	0	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	126	0	0	0
Marketing derivative fair value gains (losses)
-	-	0	-	-	94	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total revenue and other
4,688	4,408	4,501	4,459	4,148	4,139	4,115	3,687	3,488	3,655	2,790	3,258	2,219	1,744	2,493	2,820	3,446	3,954	4,528	3,847	3,782	2,720	1,722	1,344	1,419	1,313	741	0	0	0
Operating expenses:
Production and ad valorem taxes
115	125	139	141	136	126	106	98	95	94	84	77	72	66	73	68	73	78	81	92	91	87	84	74	62	50	34	0	0	0
Impairment of oil and gas properties
1,308	1,300	1,397	576	580	549	482	302	183	159	198	169	174	162	107	104	111	104	50	46	22	15	9	7	10	10	12	0	0	0
Impairment of midstream assets
-	14	15	16	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depletion, depreciation, and amortization
874	914	986	988	984	972	923	886	850	824	832	824	821	809	749	739	719	709	704	640	568	477	396	337	284	233	185	0	0	0
Loss on sale of assets
-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Accretion of asset retirement obligations
3	3	3	3	3	2	2	2	2	2	2	2	2	2	2	2	1	1	1	1	1	1	1	1	1	1	0	0	0	0
General and administrative (including equity-based compensation expense of $8,903 and $3,329 in 2019 and 2020, respectively)
141	178	205	229	248	240	241	244	246	251	256	251	247	239	229	231	230	233	232	225	224	216	547	508	463	425	52	0	0	0
Contract termination and rig stacking
5	14	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	38	0	0	0	-	-	-	-	-	-	-	-	-
Total operating expenses
5,379	5,395	5,467	4,434	4,257	4,067	3,810	3,458	3,102	2,915	2,869	2,798	2,772	2,720	2,523	2,377	2,276	2,164	2,023	1,902	1,678	1,420	1,531	1,312	1,134	971	485	0	0	0
Operating income (loss)
-690	-987	-966	24	-108	71	305	228	385	740	-78	460	-553	-975	-30	443	1,169	1,790	2,504	1,945	2,103	1,299	190	31	285	341	255	0	0	0
Other income (expenses):
Equity in earnings (loss) of unconsolidated affiliates
-285	-143	-77	50	46	40	35	31	25	20	0	0	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of equity investments
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on deconsolidation of Antero Midstream Partners LP
-	1,406	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense, net
-209	-228	-381	-407	-423	-286	-553	-408	-270	-268	273	262	256	253	246	247	244	234	222	204	181	160	146	141	138	136	123	0	0	0
Gain on early extinguishment of debt
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-
Total other income (expenses)
-1,439	619	1,075	1,177	1,158	-246	-238	-237	-242	-250	-278	-274	-271	-270	-244	-246	-244	-234	-231	0	0	-	-	0	-	-	-	0	-	-
Income (loss) before income taxes
-2,130	-367	109	1,202	1,049	-174	67	-8	143	490	-357	186	-824	-1,245	-274	196	924	1,555	2,281	1,740	1,901	1,119	-19	-172	104	162	132	0	0	0
Provision for income tax (expense) benefit
-472	-74	-98	193	150	-128	-397	-461	-417	-295	-160	25	-369	-496	-153	40	333	575	868	668	733	445	141	73	175	186	45	0	0	0
Income (loss) from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	0	0	-	0
Income from sale of discontinued operations, net of income tax expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	0	-	-	0
Net income (loss) and comprehensive 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	0	0	0	-	-	-	-	-
Net income and comprehensive income attributable to noncontrolling interests
-	46	187	263	332	351	254	222	198	170	160	145	120	99	83	64	49	38	0	0	0	-	-	-	-	-	-	-	-	-
Net income (loss) and comprehensive income (loss) attributable to Antero Resources Corporation
-1,657	-340	20	744	566	-397	210	230	361	615	-357	15	-575	-848	-204	91	541	941	1,389	1,059	1,162	673	-156	-239	-65	-18	76	0	0	0
Earnings (loss) per common share-basic (in dollars per share)
Continuing operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.49	2.31	0.78	-0.17	-0.36	-	0.45	0.50	-	-0.44
Discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.01	-	-	0.01	-	-	-0.05
Income (loss) per share-basic (in dollars per share)
-1.19	-1.56	-2.86	0.14	3.17	-0.39	-0.49	-0.43	0.05	1.55	-0.43	-0.02	0.85	-1.52	0.78	-2.12	-0.02	-	1.93	-0.52	-	-	-	-0.16	-	-0.85	0.46	0.50	-0.18	-0.49
Continuing operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.49	2.31	0.78	-0.17	-0.36	-	0.45	0.50	-	-0.44
Discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.01	-	-	0.01	-	-	-0.05
Income (loss) per share-diluted (in dollars per share)
-1.19	-2.23	-2.19	0.14	3.17	-0.39	-0.49	-0.43	0.05	1.53	-0.42	-0.02	0.85	-1.51	0.77	-2.12	-0.02	-	1.93	-0.52	-	-	-	-0.16	-	-0.85	0.46	0.50	-0.18	-
Weighted average number of shares outstanding:
Basic (in shares)
284	300	307	309	308	313	317	316	316	315	315	315	314	314	306	281	277	277	277	277	265	262	262	262	262	-	262	-	-	262
Diluted (in shares)
284	299	307	309	308	313	317	316	316	318	315	315	315	312	308	281	277	277	277	277	265	262	262	262	262	-	262	-	-	262
Net income (loss) (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.49
Natural gas sales
Revenue
2,000	2,247	2,524	2,527	2,447	2,287	0	1,819	1,800	1,769	1,741	1,697	1,472	1,260	1,077	967	979	1,039	1,175	1,231	1,303	1,301	1,149	1,021	879	689	543	0	0	0
Natural gas liquids sales
Revenue
1,163	1,219	1,251	1,305	1,257	1,177	0	995	909	870	748	630	554	432	350	293	258	264	271	312	333	328	296	237	175	111	0	0	0	-
Oil sales
Revenue
165	177	195	215	204	187	0	123	111	108	99	87	78	61	56	62	68	70	73	82	95	107	98	77	43	20	11	0	0	0
Commodity derivative fair value gains (losses)
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gathering, compression, water handling and treatment
Revenue
-	4	10	15	20	21	0	17	15	12	11	11	11	12	17	18	19	22	25	25	24	22	0	0	0	-	-	-	-	-
Commodity derivative fair value gains (losses)
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of goods and services sold
2,310	2,146	2,008	1,730	1,471	1,339	0	1,161	1,120	1,095	1,048	1,001	940	882	818	743	704	659	636	604	541	461	386	316	260	218	173	0	0	0
Marketing
Revenue
247	292	265	308	405	458	0	446	336	258	272	318	359	393	320	258	217	176	173	156	108	53	0	0	0	-	-	-	-	-
Cost of goods and services sold
480	549	533	577	653	686	0	608	472	366	367	402	451	499	463	410	363	299	259	229	164	103	0	0	0	-	-	-	-	-
Other income
Revenue
4	4	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Exploration
Revenues from contracts with customers
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of goods and services sold
0	0	1	2	3	4	0	7	8	8	9	8	7	6	4	3	3	3	9	16	22	27	26	24	24	22	20	0	0	0
Lease operating
Cost of goods and services sold
129	145	161	161	151	136	0	113	100	89	68	59	54	50	47	44	39	36	36	34	32	29	22	16	13	9	6	0	0	0