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v3.19.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2019
Jun. 30, 2018
Cash flows provided by (used in) operating activities:      
Net income and comprehensive income $ 69,274 $ 78,922 $ 27,192
Adjustments to reconcile net income to net cash provided by operating activities:      
Distributions received from Antero Midstream Partners LP   43,492 52,232
Depreciation   44,097  
Accretion and change in fair value of contingent acquisition consideration 2,297 3,346  
Accretion of asset retirement obligations 69 79  
Impairment of property and equipment 594 594  
Deferred income taxes   28,042  
Equity-based compensation 21,543 32,966 17,745
Equity in earnings of unconsolidated affiliates (13,623) (16,503) (61,598)
Distributions from unconsolidated affiliates   23,860  
Amortization of customer relationships 8,534 10,315  
Amortization of deferred financing costs   1,102 18
Changes in assets and liabilities:      
Accounts receivable-Antero Resources   38,414  
Accounts receivable-third party   9  
Other current assets   (1,867) (974)
Accounts payable-Antero Resources   973 (6)
Accounts payable-third party   (4,629) 31
Accrued liabilities   (15,370) 506
Income taxes payable   (15,678) (548)
Net cash provided by operating activities   252,164 34,598
Cash flows provided by (used in) investing activities:      
Additions to gathering systems and facilities   (89,206)  
Additions to water handling and treatment systems   (51,984)  
Investments in unconsolidated affiliates   (103,409)  
Cash received on acquisition of Antero Midstream Partners LP   619,532  
Cash consideration paid to Antero Midstream Partners LP unitholders   (598,709)  
Change in other assets   2,375  
Net cash used in investing activities   (221,401)  
Cash flows provided by (used in) financing activities:      
Distributions to shareholders   (182,625) (34,073)
Distributions to Series B unitholders   (3,720) (1,197)
Distributions to preferred shareholders   (98)  
Issuance of senior notes   650,000  
Payments of deferred financing costs   (6,952) (15)
Payments on bank credit facilities, net   (480,500)  
Employee tax withholding for settlement of equity compensation awards   (1,828)  
Other   (71)  
Net cash used in financing activities   (25,794) (35,285)
Net increase (decrease) in cash and cash equivalents   4,969 (687)
Cash and cash equivalents, beginning of period   2,822 5,987
Cash and cash equivalents, end of period $ 7,791 7,791 5,300
Supplemental disclosure of cash flow information:      
Cash paid during the period for interest   31,147 3
Cash paid during the period for income taxes   16,001 $ 13,867
Increase in accrued capital expenditures and accounts payable for property and equipment   $ 9,447  

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