XML 22 R4.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenue:                      
Natural gas sales                 $ 1,039,892 $ 1,301,349 $ 689,198
Natural gas liquids sales                 264,483 328,323 111,663
Oil sales                 70,753 107,080 20,584
Gathering, compression and water distribution                 22,000 22,075  
Marketing                 176,229 53,604  
Commodity derivative fair value losses                 2,381,501 868,201 491,689
Gain on sale of gathering system                   40,000  
Total revenue $ 905,122 $ 1,443,335 $ 376,714 $ 1,229,687 $ 1,481,823 $ 762,490 $ 311,338 $ 164,981 3,954,858 2,720,632 1,313,134
Operating expenses:                      
Lease operating                 36,011 29,341 9,439
Gathering, compression, processing, and transportation                 659,361 461,413 218,428
Production and ad valorem taxes                 78,325 87,918 50,481
Marketing                 299,062 103,435  
Exploration                 3,846 27,893 22,272
Impairment of unproved properties                 104,321 15,198 10,928
Depletion, depreciation, and amortization                 709,763 477,896 233,876
Accretion of asset retirement obligations                 1,655 1,271 1,065
General and administrative (including equity-based compensation expense of $365,280, $112,252 and $97,877 in 2013, 2014 and 2015, respectively)                 233,697 216,533 425,438
Contract termination and rig stacking                 38,531    
Total operating expenses 591,896 502,220 540,463 529,993 454,106 381,091 316,641 269,060 2,164,572 1,420,898 971,927
Operating income 313,226 941,115 (163,749) 699,694 1,027,717 381,399 (5,303) (104,079) 1,790,286 1,299,734 341,207
Other expenses:                      
Interest                 (234,400) (160,051) (136,617)
Loss on early extinguishment of debt                   (20,386) (42,567)
Total other expenses                 (234,400) (180,437) (179,184)
Income from continuing operations before income taxes and discontinued operations                 1,555,886 1,119,297 162,023
Provision for income tax expense                 (575,890) (445,672) (186,210)
Income (loss) from continuing operations 175,574 544,734 (139,483) 399,171 608,970 203,909 (44,495) (94,759) 979,996 673,625 (24,187)
Discontinued Operations:                      
Income from sale of discontinued operations, net of income tax expense             2,210     2,210 5,257
Net income (loss) and comprehensive income (loss) including noncontrolling interest 175,574 544,734 (139,483) 399,171 608,970 203,909 (42,285) (94,759) 979,996 675,835 (18,930)
Net income and comprehensive income attributable to noncontrolling interest 17,110 10,892 5,890 4,740 2,248       38,632 2,248  
Net income (loss) and comprehensive income (loss) attributable to Antero Resources Corporation $ 158,464 $ 533,842 $ (145,373) $ 394,431 $ 606,722 $ 203,909 $ (42,285) $ (94,759) $ 941,364 $ 673,587 $ (18,930)
Earnings (loss) per common share:                      
Continuing operations (in dollars per share)         $ 2.31 $ 0.78 $ (0.17) $ (0.36) $ 3.43 $ 2.56 $ (0.09)
Discontinued operations (in dollars per share)             0.01     0.01 0.02
Total (in dollars per share) $ 0.57 $ 1.93 $ (0.52) $ 1.49 2.31 0.78 (0.16) (0.36) 3.43 2.57 (0.07)
Earnings (loss) per common share assuming dilution:                      
Continuing operation (in dollars per share)         2.31 0.78 (0.17) (0.36) 3.43 2.56 (0.09)
Discontinued operations (in dollars per share)             0.01     0.01 0.02
Total (in dollars per share) $ 0.57 $ 1.93 $ (0.52) $ 1.49 $ 2.31 $ 0.78 $ (0.16) $ (0.36) $ 3.43 $ 2.57 $ (0.07)
Weighted average number of shares outstanding                      
Basic (in shares)                 274,122,567 262,053,868 262,049,659
Diluted (in shares)                 274,143,341 262,068,106 262,049,659