XML 22 R7.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities:    
Net income (loss) including noncontrolling interest $ (296,644) $ 804,422
Adjustment to reconcile net income to net cash provided by operating activities:    
Depletion, depreciation, amortization, and accretion 589,903 549,240
Impairment of unproved properties 47,223 43,670
Derivative fair value (gains) losses (125,624) (1,836,398)
Gains (losses) on settled derivatives 813,559 586,639
Deferred income tax expense (benefit) (230,755) 498,709
Equity in earnings of unconsolidated affiliate (2,027)  
Equity-based compensation expense 75,667 79,280
Other (1,544) 12,129
Changes in current assets and liabilities:    
Accounts receivable 10,077 15,299
Accrued revenue (68,248) 75,765
Other current assets 4,685 4,127
Accounts payable (7,415) (1,302)
Accrued liabilities 54,484 34,091
Revenue distributions payable 42,253 (20,839)
Other current liabilities 103 (3,678)
Net cash provided by operating activities 905,697 841,154
Cash flows used in investing activities:    
Additions to proved properties (64,789)  
Additions to unproved properties (559,572) (170,291)
Drilling and completion costs (1,009,851) (1,350,498)
Additions to water handling and treatment systems (137,355) (79,227)
Additions to gathering systems and facilities (154,136) (282,813)
Additions to other property and equipment (1,747) (5,225)
Investment in unconsolidated affiliate (45,044)  
Change in other assets (2,173) 11,190
Proceeds from asset sales   40,000
Net cash used in investing activities (1,974,667) (1,836,864)
Cash flows from financing activities:    
Issuance of common stock 837,414 537,832
Issuance of common units by Antero Midstream Partners LP 19,605 240,972
Proceeds from sale of common units in Antero Midstream Partners LP by Antero Resources Corporation 178,000  
Issuance of senior notes 650,000 750,000
Repayments on bank credit facility, net (552,000) (705,000)
Payments of deferred financing costs (9,029) (17,190)
Distributions to noncontrolling interest in consolidated subsidiary (51,238) (21,358)
Employee tax withholding for settlement of equity compensation awards (4,876) (4,554)
Other (3,867) (3,561)
Net cash provided by financing activities 1,064,009 777,141
Net increase (decrease) in cash and cash equivalents (4,961) (218,569)
Cash and cash equivalents, beginning of period 23,473 245,979
Cash and cash equivalents, end of period 18,512 27,410
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest 132,928 116,579
Supplemental disclosure of noncash investing activities:    
Decrease in accounts payable and accrued liabilities for additions to property and equipment $ (189,234) $ (193,288)