v3.24.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows provided by (used in) operating activities:      
Net income $ 371,786 $ 326,242 $ 331,617
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 136,059 131,762 108,790
Accretion of asset retirement obligations 177 222 460
Impairment of property and equipment 146 3,702 5,042
Deferred income tax expense 134,664 117,494 117,123
Equity-based compensation 31,606 19,654 13,529
Equity in earnings of unconsolidated affiliates (105,456) (94,218) (90,451)
Distributions from unconsolidated affiliates 131,835 120,460 118,990
Amortization of customer relationships 70,672 70,672 70,672
Amortization of deferred financing costs 5,979 5,716 5,549
Settlement of asset retirement obligations (1,258) (5,454) (1,385)
Loss on settlement of asset retirement obligations 805 539  
Loss (gain) on asset sale 6,030 (2,251) 3,628
Loss on early extinguishment of debt     21,757
Changes in assets and liabilities:      
Accounts receivable-Antero Resources (2,458) (3,354) (7,475)
Accounts receivable-third party 359 723 904
Income tax receivable 940   16,311
Other current assets (2,041) (313) 550
Accounts payable-Antero Resources (1,267) 782 792
Accounts payable-third party (7,766) 7,973 695
Accrued liabilities 8,251 (747) (7,346)
Net cash provided by operating activities 779,063 699,604 709,752
Cash flows provided by (used in) investing activities:      
Investments in unconsolidated affiliates (262)   (2,070)
Return of investment in unconsolidated affiliate   17,000  
Acquisition of gathering systems and facilities (266) (216,726)  
Cash received in asset sale 1,087 5,726 1,653
Change in other assets (32) (98)  
Change in other liabilities   (804)  
Net cash used in investing activities (183,206) (493,826) (233,242)
Cash flows provided by (used in) financing activities:      
Dividends to common stockholders (434,846) (432,825) (471,171)
Dividends to preferred stockholders (550) (550) (550)
Issuance of senior notes     750,000
Redemption of senior notes     (667,472)
Payments of deferred financing costs   (302) (16,603)
Borrowings on Credit Facility 1,037,700 1,269,300 1,013,400
Repayments on Credit Facility (1,189,600) (1,034,500) (1,079,700)
Employee tax withholding for settlement of equity compensation awards (8,495) (6,901) (5,013)
Other     (41)
Net cash used in financing activities (595,791) (205,778) (477,150)
Net increase (decrease) in cash and cash equivalents 66   (640)
Cash and cash equivalents, beginning of period     640
Cash and cash equivalents, end of period 66    
Supplemental disclosure of cash flow information:      
Cash paid during the period for interest 213,955 183,079 179,748
Cash received during the period for income taxes 9,626   16,311
Increase (decrease) in accrued capital expenditures and accounts payable for property and equipment 1,288 (17,003) 26,995
Gathering systems and facilities      
Cash flows provided by (used in) investing activities:      
Additions (130,305) (227,561) (186,588)
Water handling systems      
Cash flows provided by (used in) investing activities:      
Additions $ (53,428) $ (71,363) $ (46,237)

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