v3.25.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows provided by (used in) operating activities:    
Net income $ 120,737 $ 103,926
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 32,748 37,095
Impairment of property and equipment 817  
Deferred income tax expense 34,416 36,488
Equity-based compensation 12,402 9,327
Equity in earnings of unconsolidated affiliates (28,020) (27,530)
Distributions from unconsolidated affiliates 33,375 34,960
Amortization of customer relationships 17,668 17,668
Amortization of deferred financing costs 1,307 1,655
Settlement of asset retirement obligations (210) (164)
Loss on early extinguishment of debt   59
Other operating activities 44 44
Changes in assets and liabilities:    
Accounts receivable-Antero Resources (8,825) (16,156)
Accounts receivable-third party 35 103
Other current assets (695) (189)
Accounts payable-Antero Resources 1,629 716
Accounts payable-third party 1,056 2,346
Income taxes payable 1,783  
Accrued liabilities (21,325) 10,213
Net cash provided by operating activities 198,942 210,561
Cash flows provided by (used in) investing activities:    
Additional investments in unconsolidated affiliate (1,748)  
Acquisition of gathering systems and facilities   (2,048)
Other investing activities 5 (2)
Net cash used in investing activities (32,271) (37,123)
Cash flows provided by (used in) financing activities:    
Dividends to common stockholders (112,615) (107,918)
Dividends to preferred stockholders (138) (138)
Repurchases of common stock (28,569)  
Issuance of Senior Notes   600,000
Redemption of Senior Notes   (2,147)
Payments of deferred financing costs   (7,082)
Borrowings on Credit Facility 304,300 245,100
Repayments on Credit Facility (311,200) (875,200)
Employee tax withholding for settlement of equity-based compensation awards (18,449) (31)
Net cash used in financing activities (166,671) (147,416)
Net increase in cash and cash equivalents 26,022
Cash and cash equivalents, beginning of period   66
Cash and cash equivalents, end of period 0 26,088
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest 65,272 42,067
Increase (decrease) in accrued capital expenditures and accounts payable for property and equipment 5,012 (5,301)
Gathering systems and facilities    
Cash flows provided by (used in) investing activities:    
Additions (22,081) (27,723)
Water handling systems    
Cash flows provided by (used in) investing activities:    
Additions $ (8,447) $ (7,350)

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