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v3.21.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows provided by (used in) operating activities:    
Net income (loss) $ 163,664 $ (304,492)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation 53,469 55,088
Payment of contingent consideration in excess of acquisition date fair value   (8,076)
Accretion of asset retirement obligations 233 103
Impairment 1,379 664,544
Deferred income tax expense (benefit) 56,509 (56,408)
Equity-based compensation 7,071 6,035
Equity in earnings of unconsolidated affiliates (42,259) (40,024)
Distributions from unconsolidated affiliates 58,185 41,828
Amortization of customer relationships 35,336 35,211
Amortization of deferred financing costs 2,733 2,190
Loss on early extinguishment of debt 20,701  
Settlement of asset retirement obligations (602) (601)
Loss on asset sale 3,628 240
Changes in assets and liabilities:    
Accounts receivable-Antero Resources (16,274) 24,941
Accounts receivable-third party 777 1,089
Income tax receivable 16,311 (17,547)
Other current assets 1,070 930
Accounts payable-Antero Resources 376 (432)
Accounts payable-third party 5,365 5,495
Accrued liabilities (7,297) (21,701)
Net cash provided by operating activities 360,375 388,413
Cash flows provided by (used in) investing activities:    
Additions to gathering systems and facilities (51,658) (103,937)
Additions to water handling systems (22,707) (19,477)
Investments in unconsolidated affiliates (966) (21,988)
Cash received in asset sale 1,627 123
Change in other assets   1,938
Net cash used in investing activities (73,704) (143,341)
Cash flows provided by (used in) financing activities:    
Dividends to stockholders (255,993) (296,395)
Dividends to preferred stockholders (275) (275)
Repurchases of common stock   (24,713)
Issuance of senior notes 750,000  
Redemption of senior notes (667,472)  
Payments of deferred financing costs (8,755)  
Borrowings (repayments) on bank credit facilities, net (99,800) 195,500
Payment of contingent acquisition consideration   (116,924)
Employee tax withholding for settlement of equity compensation awards (4,317) (392)
Other (21) (111)
Net cash used in financing activities (286,633) (243,310)
Net increase in cash and cash equivalents 38 1,762
Cash and cash equivalents, beginning of period 640 1,235
Cash and cash equivalents, end of period 678 2,997
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest 91,608 74,665
Cash received during the period for income taxes 16,913 38,910
Increase (decrease) in accrued capital expenditures and accounts payable for property and equipment $ 25,490 $ (3,461)

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