Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows provided by operating activities:      
Net income $ 2,325 $ 9,711 $ 781
Adjustment to reconcile net income to net cash provided by operating activities:      
Equity in earnings of Antero Midstream Partners LP (69,720) (16,944) (1,264)
Distributions received from Antero Midstream Partners LP 53,491 10,370 295
Equity-based compensation 34,933    
Deferred income tax expense (benefit)   (368) 368
Changes in current assets and liabilities:      
Accounts receivable - related party   (217)  
Accounts payable and accrued liabilities (133) 426  
Income taxes payable 7,184 6,559 115
Net cash provided by operating activities 28,080 9,537 295
Cash flows used in financing activities:      
Distributions to Antero Resources Investment LLC (15,691)   (223)
Distributions to shareholders (16,011)    
Net cash used in financing activities (31,702)   (223)
Net increase (decrease) in cash (3,622) 9,537 72
Cash, beginning of period 9,609 72  
Cash, end of period $ 5,987 $ 9,609 $ 72