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v3.19.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Cash flows provided by (used in) operating activities:      
Net income (loss) $ 18,028 $ (210,555) $ 45,220
Adjustments to reconcile net income to net cash provided by operating activities:      
Distributions received from Antero Midstream Partners LP, prior to the Transactions   43,492 85,371
Depreciation   68,557  
Accretion and change in fair value of contingent acquisition consideration   5,323  
Accretion of asset retirement obligations   133  
Impairment of property and equipment   408,442  
Impairment of goodwill   43,759  
Impairment charge   5,871  
Deferred income benefit   (34,226)  
Equity-based compensation 8,574 53,095 26,319
Equity in earnings of unconsolidated affiliates (37,816) (34,981) (99,414)
Distributions from unconsolidated affiliates   42,570  
Amortization of customer relationships   39,178  
Amortization of deferred financing costs   2,123 90
Changes in assets and liabilities:      
Accounts receivable-Antero Resources   38,331  
Accounts receivable-third party   12  
Other current assets   (1,788) (56)
Accounts payable-Antero Resources   (503)  
Accounts payable-third party   (3,635)  
Accrued liabilities   (19,648) 646
Income taxes payable   (15,678) (636)
Net cash provided by operating activities   429,872 57,540
Cash flows provided by (used in) investing activities:      
Additions to gathering systems and facilities   (170,921)  
Additions to water handling and treatment systems   (91,144)  
Investments in unconsolidated affiliates   (117,339)  
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   3,338  
Change in other liabilities   (1,050)  
Net cash used in investing activities   (356,293)  
Cash flows provided by (used in) financing activities:      
Distributions to shareholders   (336,772) (57,349)
Distributions to Series B unitholders   (3,720) (1,702)
Distributions to preferred shareholders   (235)  
Repurchases of common stock   (25,519)  
Issuance of senior notes   650,000  
Payments of deferred financing costs   (8,523) (230)
Payments on bank credit facilities, net   (349,500)  
Employee tax withholding for settlement of equity compensation awards   (2,008)  
Other   (124)  
Net cash used in financing activities   (76,401) (59,281)
Net decrease in cash and cash equivalents   (2,822) (1,741)
Cash and cash equivalents, beginning of period   2,822 5,987
Cash and cash equivalents, end of period $ 4,246   4,246
Supplemental disclosure of cash flow information:      
Cash paid during the period for interest   75,071  
Cash paid during the period for income taxes   16,001 $ 22,871
Increase in accrued capital expenditures and accounts payable for property and equipment   $ 34,667  

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