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v3.21.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows provided by (used in) operating activities:    
Net income (loss) $ 83,441 $ (392,933)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation 26,850 27,343
Payment of contingent consideration in excess of acquisition date fair value   (8,076)
Accretion of asset retirement obligations 119 42
Impairment 1,379 664,544
Deferred income tax expense (benefit) 28,024 (88,328)
Equity-based compensation 4,012 3,338
Equity in earnings of unconsolidated affiliates (20,744) (19,077)
Distributions from unconsolidated affiliates 31,910 23,628
Amortization of customer relationships 17,668 17,605
Amortization of deferred financing costs 1,388 1,090
Settlement of asset retirement obligations (408)  
Loss on asset sale 3,763  
Changes in assets and liabilities:    
Accounts receivable-Antero Resources (15,051) 10,460
Accounts receivable-third party 808 998
Income tax receivable 16,311 (56,457)
Other current assets 593 517
Accounts payable-Antero Resources (935) (1,470)
Accounts payable-third party 4,786 6,614
Accrued liabilities (18,213) (42,852)
Net cash provided by operating activities 165,701 146,986
Cash flows provided by (used in) investing activities:    
Additions to gathering systems and facilities (15,059) (54,659)
Additions to water handling systems (13,330) (13,324)
Investments in unconsolidated affiliates (757) (11,690)
Cash received in asset sale 1,493  
Change in other assets   2,296
Net cash used in investing activities (27,653) (77,377)
Cash flows provided by (used in) financing activities:    
Dividends to stockholders (147,194) (148,876)
Distributions to preferred stockholders (138) (138)
Repurchases of common stock   (15,824)
Payments of deferred financing costs (543)  
Borrowings on bank credit facilities, net 11,000 211,000
Payment of contingent acquisition consideration   (116,924)
Employee tax withholding for settlement of equity compensation awards (1,541) (26)
Other (11) (56)
Net cash used in financing activities (138,427) (70,844)
Net decrease in cash and cash equivalents (379) (1,235)
Cash and cash equivalents, beginning of period 640  
Cash and cash equivalents, end of period 261 1,235
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest 58,739 67,609
Cash received during the period for income taxes 16,913  
Increase in accrued capital expenditures and accounts payable for property and equipment $ 780 $ 3,266

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