v3.23.1
Condensed Consolidated Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows provided by (used in) operating activities:    
Net income $ 86,507 $ 80,040
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation 35,196 28,300
Accretion of asset retirement obligations 44 64
Deferred income tax expense 31,670 28,067
Equity-based compensation 6,327 2,832
Equity in earnings of unconsolidated affiliates (24,456) (23,232)
Distributions from unconsolidated affiliates 34,105 31,130
Amortization of customer relationships 17,668 17,668
Amortization of deferred financing costs 1,474 1,410
Settlement of asset retirement obligations (158) (455)
Loss on settlement of asset retirement obligations 341  
Gain on asset sale (245) (118)
Changes in assets and liabilities:    
Accounts receivable-Antero Resources (9,207) 3,054
Accounts receivable-third party 431 460
Other current assets (520) 118
Accounts payable-Antero Resources (660) 230
Accounts payable-third party 2,061 13,762
Accrued liabilities 2,141 1,334
Net cash provided by operating activities 182,719 184,664
Cash flows provided by (used in) investing activities:    
Acquisition of gathering systems and facilities (263)  
Cash received in asset sale 1,071 121
Change in other assets (2)  
Net cash used in investing activities (42,151) (84,146)
Cash flows provided by (used in) financing activities:    
Dividends to common stockholders (108,364) (108,149)
Dividends to preferred stockholders (138) (138)
Payments of deferred financing costs   (302)
Borrowings (repayments) on bank credit facilities, net (30,900) 9,400
Employee tax withholding for settlement of equity compensation awards (1,166) (1,329)
Net cash used in financing activities (140,568) (100,518)
Net decrease in cash and cash equivalents
Cash and cash equivalents, beginning of period
Cash and cash equivalents, end of period
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest 50,340 40,677
Increase (decrease) in accrued capital expenditures and accounts payable for property and equipment (9,354) 10,388
Gathering systems and facilities    
Cash flows provided by (used in) investing activities:    
Additions (29,197) (70,734)
Water handling systems    
Cash flows provided by (used in) investing activities:    
Additions $ (13,760) $ (13,533)

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