Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations and Comprehensive Income

v3.8.0.1
Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenue:      
Gathering and compression-Antero Resources $ 396,202 $ 303,250 $ 230,210
Water handling and treatment-Antero Resources 376,031 282,267 155,954
Gathering and compression-third party 264 835 382
Water handling and treatment-third party     778
Gain on sale of assets   3,859  
Total revenue 772,497 590,211 387,324
Operating expenses:      
Direct operating 232,538 161,587 78,852
General and administrative (including $22,470, $26,049 and $27,283 of equity-based compensation in 2015, 2016, and 2017, respectively) 58,812 54,163 51,206
Impairment of property and equipment 23,431    
Depreciation 119,562 99,861 86,670
Accretion of contingent acquisition consideration 13,476 16,489 3,333
Total operating expenses 447,819 332,100 220,061
Operating income 324,678 258,111 167,263
Interest expense, net (37,557) (21,893) (8,158)
Equity in earnings of unconsolidated affiliates 20,194 485  
Net income and comprehensive income 307,315 236,703 159,105
Pre-Water Acquisition net income attributed to parent     (40,193)
Net income attributable to incentive distribution rights (69,720) (16,944) (1,264)
Limited partners' interest in net income $ 237,595 $ 219,759 $ 117,648
Net income per limited partner unit - basic and diluted $ 1.28 $ 1.24 $ 0.74
Weighted average limited partner units outstanding - basic 185,630 176,647 158,479
Weighted average limited partner units outstanding - diluted 186,083 176,801 158,527