Cash Flow Banner
curve-top
v3.22.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows provided by (used in) operating activities:    
Net income $ 80,040 $ 83,441
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation 28,300 26,850
Accretion 64 119
Impairment   1,379
Deferred income tax expense 28,067 28,024
Equity-based compensation 2,832 4,012
Equity in earnings of unconsolidated affiliates (23,232) (20,744)
Distributions from unconsolidated affiliates 31,130 31,910
Amortization of customer relationships 17,668 17,668
Amortization of deferred financing costs 1,410 1,388
Settlement of asset retirement obligations (455) (408)
Loss (gain) on asset sale (118) 3,763
Changes in assets and liabilities:    
Accounts receivable-Antero Resources 3,054 (15,051)
Accounts receivable-third party 460 808
Income tax receivable   16,311
Other current assets 118 593
Accounts payable-Antero Resources 230 (935)
Accounts payable-third party 13,762 4,786
Accrued liabilities 1,334 (18,213)
Net cash provided by operating activities 184,664 165,701
Cash flows provided by (used in) investing activities:    
Investments in unconsolidated affiliates   (757)
Cash received in asset sale 121 1,493
Net cash used in investing activities (84,146) (27,653)
Cash flows provided by (used in) financing activities:    
Dividends to stockholders (108,149) (147,194)
Dividends to preferred stockholders (138) (138)
Payments of deferred financing costs (302) (543)
Borrowings on bank credit facilities, net 9,400 11,000
Employee tax withholding for settlement of equity compensation awards (1,329) (1,541)
Other   (11)
Net cash used in financing activities (100,518) (138,427)
Net decrease in cash and cash equivalents   (379)
Cash and cash equivalents, beginning of period   640
Cash and cash equivalents, end of period   261
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest 40,677 58,739
Cash received (paid) during the period for income taxes   16,913
Increase n accrued capital expenditures and accounts payable for property and equipment 10,388 780
Gathering systems and facilities    
Cash flows provided by (used in) investing activities:    
Additions (70,734) (15,059)
Water handling systems    
Cash flows provided by (used in) investing activities:    
Additions $ (13,533) $ (13,330)

Source