Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.8.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows provided by (used in) operating activities:    
Net income $ 108,105 $ 75,091
Adjustment to reconcile net income to net cash provided by operating activities:    
Depreciation 32,432 27,536
Accretion of contingent acquisition consideration 3,874 3,526
Accretion of asset retirement obligations 34  
Equity-based compensation 6,211 6,286
Equity in earnings of unconsolidated affiliates (7,862) (2,231)
Distributions from unconsolidated affiliates 7,085  
Amortization of deferred financing costs 690 631
Changes in assets and liabilities:    
Accounts receivable – Antero Resources (2,715) (7,361)
Accounts receivable - third party   40
Prepaid expenses (487) 31
Accounts payable - third party (3,043) 2,504
Accounts payable – Antero Resources (3,380) (765)
Accrued liabilities (6,894) (5,540)
Net cash provided by operating activities 134,050 99,748
Cash flows used in investing activities:    
Additions to gathering systems and facilities (93,774) (66,559)
Additions to water handling and treatment systems (34,197) (36,954)
Investments in unconsolidated affiliates (17,389) (159,889)
Change in other assets (1,284) (5,874)
Net cash used in investing activities (146,644) (269,276)
Cash flows provided by (used in) financing activities:    
Distributions to unitholders (92,003) (57,633)
Borrowings (repayments) on bank credit facilities, net 105,000 (10,000)
Issuance of common units, net of offering costs   223,119
Employee tax withholding for settlement of equity compensation awards (18)  
Other (34)  
Net cash provided by financing activities 12,945 155,486
Net increase (decrease) in cash and cash equivalents 351 (14,042)
Cash and cash equivalents, beginning of period 8,363 14,042
Cash and cash equivalents, end of period 8,714  
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest 22,348 19,668
Supplemental disclosure of noncash investing activities:    
Increase (decrease) in accrued capital expenditures and accounts payable for property and equipment $ (27,284) $ 14,989