Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.21.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows provided by (used in) operating activities:    
Net income (loss) $ 252,991 $ (198,985)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation 80,956 81,889
Payment of contingent consideration in excess of acquisition date fair value   (8,076)
Accretion of asset retirement obligations 347 142
Impairment 1,582 665,491
Deferred income tax expense (benefit) 88,547 (21,425)
Equity-based compensation 10,326 9,713
Equity in earnings of unconsolidated affiliates (66,347) (63,197)
Distributions from unconsolidated affiliates 87,115 69,313
Amortization of customer relationships 53,004 53,011
Amortization of deferred financing costs 4,152 3,299
Loss on early extinguishment of debt 20,701  
Settlement of asset retirement obligations (814) (1,517)
Loss on asset sale 3,628 240
Changes in assets and liabilities:    
Accounts receivable-Antero Resources (11,429) 17,081
Accounts receivable-third party 594 1,139
Income tax receivable 16,311 (17,547)
Other current assets 810 1,036
Accounts payable-Antero Resources (705) (717)
Accounts payable-third party 11,058 6,239
Accrued liabilities (7,337) (50,240)
Net cash provided by operating activities 545,490 546,889
Cash flows provided by (used in) investing activities:    
Investments in unconsolidated affiliates (2,070) (24,802)
Cash received in asset sale 1,653 123
Change in other assets   1,938
Net cash used in investing activities (157,365) (188,006)
Cash flows provided by (used in) financing activities:    
Dividends to stockholders (363,712) (443,059)
Dividends to preferred stockholders (413) (413)
Repurchases of common stock   (24,713)
Issuance of senior notes 750,000  
Redemption of senior notes (667,472)  
Payments of deferred financing costs (9,449)  
Borrowings (repayments) on bank credit facilities, net (92,800) 228,000
Payment of contingent acquisition consideration   (116,924)
Employee tax withholding for settlement of equity compensation awards (4,885) (466)
Other (34) (150)
Net cash used in financing activities (388,765) (357,725)
Net increase (decrease) in cash and cash equivalents (640) 1,158
Cash and cash equivalents, beginning of period 640 1,235
Cash and cash equivalents, end of period   2,393
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest 132,630 135,426
Cash received during the period for income taxes 16,913 38,910
Increase (decrease) in accrued capital expenditures and accounts payable for property and equipment 22,675 (11,318)
Gathering systems and facilities    
Cash flows provided by (used in) investing activities:    
Additions (120,727) (137,978)
Water handling systems    
Cash flows provided by (used in) investing activities:    
Additions $ (36,221) $ (27,287)