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v3.20.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
2 Months Ended 3 Months Ended 10 Months Ended 12 Months Ended
Mar. 12, 2019
Mar. 31, 2020
Mar. 31, 2019
Dec. 31, 2019
Dec. 31, 2019
Cash flows provided by (used in) operating activities:          
Net income (loss)   $ (392,933) $ 9,648    
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   43,492    
Depreciation   27,343 7,650    
Payment of contingent consideration in excess of acquisition date fair value   (34,342)      
Accretion and change in fair value of contingent acquisition consideration   42 1,059    
Impairment   664,544      
Deferred income tax benefit   (88,328) (2,377)    
Equity-based compensation   3,338 11,423    
Equity in earnings of unconsolidated affiliates   (19,077) (2,880) $ (51,315)  
Distributions from unconsolidated affiliates   23,628 4,775 64,320  
Amortization of customer relationships   17,605 1,781    
Amortization of deferred financing costs   1,090 251    
Changes in assets and liabilities:          
Accounts receivable-Antero Resources   10,460 31,331    
Accounts receivable-third party   998 (18)    
Income tax receivable   (56,457)      
Other current assets   517 (2,361)    
Accounts payable-Antero Resources   (1,470) (444)    
Accounts payable-third party   6,614 (1,454)    
Accrued liabilities   (42,852) (32,289)    
Net cash provided by operating activities   120,720 69,587    
Cash flows provided by (used in) investing activities:          
Additions to gathering systems and facilities   (54,659) (7,677)    
Additions to water handling systems   (13,324) (8,328)    
Investments in unconsolidated affiliates   (11,690) (65,729)    
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   2,296 (267)    
Net cash used in investing activities   (77,377) (61,178)    
Cash flows provided by (used in) financing activities:          
Distributions to unitholders and dividends to stockholders   (148,876) (30,543)    
Distributions to Series B unitholders     (3,720)    
Distributions to preferred shareholders   (138)      
Repurchases of common stock   (15,824)      
Borrowings on bank credit facilities, net   211,000 25,000    
Payment for contingent acquisition consideration   (90,658)      
Employee tax withholding for settlement of equity compensation awards   (26)      
Other   (56)      
Net cash used in financing activities   (44,578) (9,263)    
Net decrease in cash and cash equivalents   (1,235) (854)    
Cash and cash equivalents, beginning of period $ 2,822 1,235 2,822   $ 2,822
Cash and cash equivalents, end of period     1,968 $ 1,235 $ 1,235
Supplemental disclosure of cash flow information:          
Cash paid during the period for interest   67,609 19,250    
Increase in accrued capital expenditures and accounts payable for property and equipment   $ 3,266 $ 11,933    

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