v3.24.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Cash flows provided by (used in) operating activities:        
Net income $ 86,037 $ 87,012 $ 189,963 $ 173,519
Adjustments to reconcile net income to net cash provided by operating activities:        
Depreciation 37,576 35,233 74,671 70,429
Accretion of asset retirement obligations 47 44 91 88
Deferred income tax expense     64,924 60,765
Equity-based compensation 11,599 8,499 20,926 14,826
Equity in earnings of unconsolidated affiliates (27,597) (25,972) (55,127) (50,428)
Distributions from unconsolidated affiliates     68,930 63,570
Amortization of customer relationships 17,668 17,668 35,336 35,336
Amortization of deferred financing costs     3,150 2,957
Settlement of asset retirement obligations     (414) (695)
Loss on settlement of asset retirement obligations   279   620
Loss on asset sale 1,379 5,814 1,379 5,569
Loss on early extinguishment of debt 13,691   13,750  
Changes in assets and liabilities:        
Accounts receivable-Antero Resources     (12,641) (5,470)
Accounts receivable-third party     755 481
Other current assets     452 (800)
Accounts payable-Antero Resources     (353) (2,515)
Accounts payable-third party     3,387 (889)
Accrued liabilities     17,188 942
Net cash provided by operating activities     426,367 368,305
Cash flows provided by (used in) investing activities:        
Investments in unconsolidated affiliates       (262)
Acquisition of gathering systems and facilities     (70,634) (266)
Cash received in asset sales     685 1,071
Change in other assets     (1) (15)
Net cash used in investing activities     (148,422) (84,211)
Cash flows provided by (used in) financing activities:        
Dividends to common stockholders     (220,736) (218,971)
Dividends to preferred stockholders     (275) (275)
Issuance of Senior Notes     600,000  
Redemption of Senior Notes     (560,862)  
Payments of deferred financing costs     (7,274)  
Borrowings on Credit Facility     1,006,400 502,100
Repayments on Credit Facility     (1,080,800) (558,600)
Employee tax withholding for settlement of equity-based compensation awards     (14,464) (8,348)
Net cash used in financing activities     (278,011) (284,094)
Net decrease in cash and cash equivalents     (66)
Cash and cash equivalents, beginning of period     66
Cash and cash equivalents, end of period
Supplemental disclosure of cash flow information:        
Cash paid during the period for interest     88,672 107,607
Increase (decrease) in accrued capital expenditures and accounts payable for property and equipment     2,576 (2,814)
Gathering systems and facilities        
Cash flows provided by (used in) investing activities:        
Additions     (62,330) (59,156)
Water handling systems        
Cash flows provided by (used in) investing activities:        
Additions     $ (16,142) $ (25,583)

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