Condensed Consolidating Financial Information (Tables)

12 Months Ended

Dec. 31, 2018

Condensed Consolidating Financial Information

Schedule of condensed consolidated balance sheets

Condensed Consolidating Balance Sheet

December 31, 2017

(In thousands)

	Parent (Antero)		Guarantor Subsidiaries		Non-Guarantor Subsidiaries (Antero Midstream)		Eliminations		Consolidated
Assets
Current assets:
Cash and cash equivalents	$	20,078		—		8,363		—		28,441
Accounts receivable, net		33,726		—		1,170		—		34,896
Intercompany receivables		6,459		—		110,182		(116,641)		—
Accrued revenue		300,122		—		—		—		300,122
Derivative instruments		460,685		—		—		—		460,685
Other current assets		8,273		—		670		—		8,943
Total current assets		829,343		—		120,385		(116,641)		833,087
Property and equipment:
Natural gas properties, at cost (successful efforts method):
Unproved properties		2,266,673		—		—		—		2,266,673
Proved properties		11,460,615		—		—		(364,153)		11,096,462
Water handling and treatment systems		—		—		942,361		4,309		946,670
Gathering systems and facilities		17,929		—		2,032,561		—		2,050,490
Other property and equipment		57,429		—		—		—		57,429
		13,802,646		—		2,974,922		(359,844)		16,417,724
Less accumulated depletion, depreciation, and amortization		(2,812,851)		—		(369,320)		—		(3,182,171)
Property and equipment, net		10,989,795		—		2,605,602		(359,844)		13,235,553
Derivative instruments		841,257		—		—		—		841,257
Investment in Antero Midstream		(573,926)		—		—		573,926		—
Contingent acquisition consideration		208,014		—		—		(208,014)		—
Investments in unconsolidated affiliates		—		—		303,302		—		303,302
Other assets		35,371		—		12,920		—		48,291
Total assets	$	12,329,854		—		3,042,209		(110,573)		15,261,490
Liabilities and Equity
Current liabilities:
Accounts payable	$	54,340		—		8,642		—		62,982
Intercompany payable		110,182		—		6,459		(116,641)		—
Accrued liabilities		338,819		—		106,006		(1,600)		443,225
Revenue distributions payable		209,617		—		—		—		209,617
Derivative instruments		28,476		—		—		—		28,476
Other current liabilities		17,587		—		209		—		17,796
Total current liabilities		759,021		—		121,316		(118,241)		762,096
Long-term liabilities:
Long-term debt		3,604,090		—		1,196,000		—		4,800,090
Deferred income tax liability		779,645		—		—		—		779,645
Contingent acquisition consideration		—		—		208,014		(208,014)		—
Derivative instruments		207		—		—		—		207
Other liabilities		42,906		—		410		—		43,316
Total liabilities		5,185,869		—		1,525,740		(326,255)		6,385,354
Equity:
Stockholders' equity:
Partners' capital		—		—		1,516,469		(1,516,469)		—
Common stock		3,164		—		—		—		3,164
Additional paid-in capital		5,565,756		—		—		1,005,196		6,570,952
Accumulated earnings		1,575,065		—		—		—		1,575,065
Total stockholders' equity		7,143,985		—		1,516,469		(511,273)		8,149,181
Noncontrolling interests in consolidated subsidiary		—		—		—		726,955		726,955
Total equity		7,143,985		—		1,516,469		215,682		8,876,136
Total liabilities and equity	$	12,329,854		—		3,042,209		(110,573)		15,261,490

Condensed Consolidating Balance Sheet

December 31, 2018

(In thousands)

	Parent (Antero)		Guarantor Subsidiaries		Non-Guarantor Subsidiaries (Antero Midstream)		Eliminations		Consolidated
Assets
Current assets:
Accounts receivable, net	$	49,529		—		1,544		—		51,073
Intercompany receivables		383		—		115,378		(115,761)		—
Accrued revenue		474,827		—		—		—		474,827
Derivative instruments		245,263		—		—		—		245,263
Other current assets		13,937		—		21,513		—		35,450
Total current assets		783,939		—		138,435		(115,761)		806,613
Property and equipment:
Natural gas properties, at cost (successful efforts method):
Unproved properties		1,767,600		—		—		—		1,767,600
Proved properties		13,306,585		—		—		(600,913)		12,705,672
Water handling and treatment systems		—		—		1,004,793		9,025		1,013,818
Gathering systems and facilities		17,825		—		2,452,883		—		2,470,708
Other property and equipment		65,770		—		72		—		65,842
		15,157,780		—		3,457,748		(591,888)		18,023,640
Less accumulated depletion, depreciation, and amortization		(3,654,392)		—		(499,333)		—		(4,153,725)
Property and equipment, net		11,503,388		—		2,958,415		(591,888)		13,869,915
Derivative instruments		362,169		—		—		—		362,169
Investment in Antero Midstream		(740,031)		—		—		740,031		—
Contingent acquisition consideration		114,995		—		—		(114,995)		—
Investments in unconsolidated affiliates		—		—		433,642		—		433,642
Other assets		31,200		—		15,925		—		47,125
Total assets	$	12,055,660		—		3,546,417		(82,613)		15,519,464
Liabilities and Equity
Current liabilities:
Accounts payable	$	44,917		—		21,372		—		66,289
Intercompany payable		111,620		—		4,141		(115,761)		—
Accrued liabilities		392,949		—		72,121		—		465,070
Revenue distributions payable		310,827		—		—		—		310,827
Derivative instruments		532		—		—		—		532
Other current liabilities		4,621		—		2,052		4,149		10,822
Total current liabilities		865,466		—		99,686		(111,612)		853,540
Long-term liabilities:
Long-term debt		3,829,541		—		1,632,147		—		5,461,688
Deferred income tax liability		650,788		—		—		—		650,788
Contingent acquisition consideration		—		—		114,995		(114,995)		—
Other liabilities		57,890		—		8,081		—		65,971
Total liabilities		5,403,685		—		1,854,909		(226,607)		7,031,987
Equity:
Stockholders' equity:
Partners' capital		—		—		1,691,508		(1,691,508)		—
Common stock		3,086		—		—		—		3,086
Additional paid-in capital		5,471,341		—		—		1,013,833		6,485,174
Accumulated earnings		1,177,548		—		—		—		1,177,548
Total stockholders' equity		6,651,975		—		1,691,508		(677,675)		7,665,808
Noncontrolling interests in consolidated subsidiary		—		—		—		821,669		821,669
Total equity		6,651,975		—		1,691,508		143,994		8,487,477
Total liabilities and equity	$	12,055,660		—		3,546,417		(82,613)		15,519,464

Schedule of condensed consolidated statement of operations and comprehensive income (loss)

Condensed Consolidating Statement of Operations and Comprehensive Income

Year Ended December 31, 2016

(In thousands)

	Parent (Antero)		Guarantor Subsidiaries		Non-Guarantor Subsidiaries (Antero Midstream)		Eliminations		Consolidated
Revenue and other:
Natural gas sales	$	1,260,750		—		—		—		1,260,750
Natural gas liquids sales		432,992		—		—		—		432,992
Oil sales		61,319		—		—		—		61,319
Gathering, compression, water handling and treatment		—		—		586,352		(573,391)		12,961
Marketing		393,049		—		—		—		393,049
Commodity derivative fair value losses		(514,181)		—		—		—		(514,181)
Gain on sale of assets		93,776		—		3,859		—		97,635
Other income		18,324		—		—		(18,324)		—
Total revenue and other		1,746,029		—		590,211		(591,715)		1,744,525
Operating expenses:
Lease operating		50,651		—		136,387		(136,948)		50,090
Gathering, compression, processing, and transportation		1,146,221		—		28,097		(291,480)		882,838
Production and ad valorem taxes		69,485		—		(2,897)		—		66,588
Marketing		499,343		—		—		—		499,343
Exploration		6,862		—		—		—		6,862
Impairment of unproved properties		162,935		—		—		—		162,935
Depletion, depreciation, and amortization		710,012		—		99,861		—		809,873
Accretion of asset retirement obligations		2,473		—		—		—		2,473
General and administrative		186,672		—		54,163		(1,511)		239,324
Change in fair value of contingent acquisition consideration		—		—		16,489		(16,489)		—
Total operating expenses		2,834,654		—		332,100		(446,428)		2,720,326
Operating income (loss)		(1,088,625)		—		258,111		(145,287)		(975,801)
Other income (expenses):
Equity in earnings of unconsolidated affiliates		—		—		485		—		485
Interest		(232,455)		—		(21,893)		796		(253,552)
Loss on early extinguishment of debt		(16,956)		—		—		—		(16,956)
Equity in earnings (loss) of Antero Midstream		(7,156)		—		—		7,156		—
Total other expenses		(256,567)		—		(21,408)		7,952		(270,023)
Income (loss) before income taxes		(1,345,192)		—		236,703		(137,335)		(1,245,824)
Provision for income tax benefit		496,376		—		—		—		496,376
Net income (loss) and comprehensive income (loss) including noncontrolling interests		(848,816)		—		236,703		(137,335)		(749,448)
Net income and comprehensive income attributable to noncontrolling interests		—		—		—		99,368		99,368
Net income (loss) and comprehensive income (loss) attributable to Antero Resources Corporation	$	(848,816)		—		236,703		(236,703)		(848,816)

Condensed Consolidating Statement of Operations and Comprehensive Income (Loss)

Year Ended December 31, 2017

(In thousands)

	Parent (Antero)		Guarantor Subsidiaries		Non-Guarantor Subsidiaries (Antero Midstream)		Eliminations		Consolidated
Revenue and other:
Natural gas sales	$	1,769,975		—		—		(691)		1,769,284
Natural gas liquids sales		870,441		—		—		—		870,441
Oil sales		108,195		—		—		—		108,195
Commodity derivative fair value gains		658,283		—		—		—		658,283
Gathering, compression, water handling and treatment		—		—		772,497		(759,777)		12,720
Marketing		258,045		—		—		—		258,045
Marketing derivative loss		(21,394)		—		—		—		(21,394)
Other income		16,667		—		—		(16,667)		—
Total revenue and other		3,660,212		—		772,497		(777,135)		3,655,574
Operating expenses:
Lease operating		93,758		—		189,702		(194,403)		89,057
Gathering, compression, processing, and transportation		1,441,129		—		39,147		(384,637)		1,095,639
Production and ad valorem taxes		90,832		—		3,689		—		94,521
Marketing		366,281		—		—		—		366,281
Exploration		8,538		—		—		—		8,538
Impairment of unproved properties		159,598		—		—		—		159,598
Impairment of gathering systems and facilities		—		—		23,431		—		23,431
Depletion, depreciation, and amortization		705,048		—		119,562		—		824,610
Accretion of asset retirement obligations		2,610		—		—		—		2,610
General and administrative		195,153		—		58,812		(2,769)		251,196
Change in fair value of contingent acquisition consideration		—		—		13,476		(13,476)		—
Total operating expenses		3,062,947		—		447,819		(595,285)		2,915,481
Operating income		597,265		—		324,678		(181,850)		740,093
Other income (expenses):
Equity in earnings of unconsolidated affiliates		—		—		20,194		—		20,194
Interest		(232,331)		—		(37,262)		892		(268,701)
Loss on early extinguishment of debt		(1,205)		—		(295)		—		(1,500)
Equity in earnings (loss) of Antero Midstream		(43,710)		—		—		43,710		—
Total other expenses		(277,246)		—		(17,363)		44,602		(250,007)
Income before income taxes		320,019		—		307,315		(137,248)		490,086
Provision for income tax benefit		295,051		—		—		—		295,051
Net income and comprehensive income including noncontrolling interests		615,070		—		307,315		(137,248)		785,137
Net income and comprehensive income attributable to noncontrolling interests		—		—		—		170,067		170,067
Net income and comprehensive income attributable to Antero Resources Corporation	$	615,070		—		307,315		(307,315)		615,070

Condensed Consolidating Statement of Operations and Comprehensive Income (Loss)

Year Ended December 31, 2018

(In thousands)

	Parent (Antero)		Guarantor Subsidiaries		Non-Guarantor Subsidiaries (Antero Midstream)		Eliminations		Consolidated
Revenue and other:
Natural gas sales	$	2,287,939		—		—		—		2,287,939
Natural gas liquids sales		1,177,777		—		—		—		1,177,777
Oil sales		187,178		—		—		—		187,178
Commodity derivative fair value losses		(87,594)		—		—		—		(87,594)
Gathering, compression, water handling and treatment		—		—		1,027,939		(1,006,595)		21,344
Marketing		458,901		—		—		—		458,901
Marketing derivative gains		94,081		—		—		—		94,081
Gain on sale of assets		—		—		583		(583)		—
Other income		(87,217)		—		—		87,217		—
Total revenue and other		4,031,065		—		1,028,522		(919,961)		4,139,626
Operating expenses:
Lease operating		142,234		—		262,704		(268,785)		136,153
Gathering, compression, processing, and transportation		1,792,898		—		49,550		(503,090)		1,339,358
Production and ad valorem taxes		122,305		—		4,169		—		126,474
Marketing		686,055		—		—		—		686,055
Exploration		4,958		—		—		—		4,958
Impairment of unproved properties		549,437		—		—		—		549,437
Impairment of gathering systems and facilities		4,470		—		5,771		(583)		9,658
Depletion, depreciation, and amortization		842,452		—		130,013		—		972,465
Accretion of asset retirement obligations		2,684		—		135		—		2,819
General and administrative		181,305		—		61,629		(2,590)		240,344
Change in fair value of contingent acquisition consideration		—		—		(93,019)		93,019		—
Total operating expenses		4,328,798		—		420,952		(682,029)		4,067,721
Operating income (loss)		(297,733)		—		607,570		(237,932)		71,905
Other income (expenses):
Equity in earnings of unconsolidated affiliates		—		—		40,280		—		40,280
Interest		(224,977)		—		(61,906)		140		(286,743)
Equity in earnings (loss) of Antero Midstream		(3,664)		—		—		3,664		—
Total other expenses		(228,641)		—		(21,626)		3,804		(246,463)
Income (loss) before income taxes		(526,374)		—		585,944		(234,128)		(174,558)
Provision for income tax benefit		128,857		—		—		—		128,857
Net income (loss) and comprehensive income (loss) including noncontrolling interests		(397,517)		—		585,944		(234,128)		(45,701)
Net income and comprehensive income attributable to noncontrolling interests		—		—		—		351,816		351,816
Net income (loss) and comprehensive income (loss) attributable to Antero Resources Corporation	$	(397,517)		—		585,944		(585,944)		(397,517)

Schedule of condensed consolidated statement of cash flows

Condensed Consolidating Statement of Cash Flows

Year Ended December 31, 2016

(In thousands)

	Parent (Antero)		Guarantor Subsidiaries		Non-Guarantor Subsidiaries (Antero Midstream)		Eliminations		Consolidated
Cash flows provided by (used in) operating activities:
Net income (loss) including noncontrolling interests	$	(848,816)		—		236,703		(137,335)		(749,448)
Adjustment to reconcile net income (loss) to net cash provided by operating activities:
Depletion, depreciation, amortization, and accretion		712,485		—		99,861		—		812,346
Change in fair value of contingent acquisition consideration		(16,489)		—		16,489		—		—
Impairment of unproved properties		162,935		—		—		—		162,935
Commodity derivative fair value losses		514,181		—		—		—		514,181
Gains on settled commodity derivatives		1,003,083		—		—		—		1,003,083
Deferred income tax benefit		(485,392)		—		—		—		(485,392)
Gain on sale of assets		(93,776)		—		(3,859)		—		(97,635)
Equity-based compensation expense		76,372		—		26,049		—		102,421
Loss on early extinguishment of debt		16,956		—		—		—		16,956
Equity in earnings of Antero Midstream		7,156		—		—		(7,156)		—
Equity in earnings of unconsolidated affiliates		—		—		(485)		—		(485)
Distributions of earnings from unconsolidated affiliates		—		—		7,702		—		7,702
Other		(14,302)		—		1,814		—		(12,488)
Distributions from subsidiaries		107,364		—		—		(107,364)		—
Changes in current assets and liabilities		(36,519)		—		(5,667)		9,266		(32,920)
Net cash provided by operating activities		1,105,238		—		378,607		(242,589)		1,241,256
Cash flows provided by (used in) investing activities:
Additions to proved properties		(134,113)		—		—		—		(134,113)
Additions to unproved properties		(611,631)		—		—		—		(611,631)
Drilling and completion costs		(1,462,984)		—		—		135,225		(1,327,759)
Additions to water handling and treatment systems		32		—		(188,220)		—		(188,188)
Additions to gathering systems and facilities		(2,944)		—		(228,100)		—		(231,044)
Additions to other property and equipment		(2,694)		—		—		—		(2,694)
Investments in unconsolidated affiliates		—		—		(75,516)		—		(75,516)
Change in other assets		304		—		3,673		—		3,977
Proceeds from asset sales		161,830		—		10,000		—		171,830
Net cash used in investing activities		(2,052,200)		—		(478,163)		135,225		(2,395,138)
Cash flows provided by (used in) financing activities:
Issuance of common stock		1,012,431		—		—		—		1,012,431
Issuance of common units by Antero Midstream		—		—		65,395		—		65,395
Sale of common units in Antero Midstream by Antero Resources Corporation		178,000		—		—		—		178,000
Issuance of senior notes		600,000		—		650,000		—		1,250,000
Repayment of senior notes		(525,000)		—		—		—		(525,000)
Repayments on bank credit facility, net		(267,000)		—		(410,000)		—		(677,000)
Make-whole premium on debt extinguished		(15,750)		—		—		—		(15,750)
Payments of deferred financing costs		(8,324)		—		(10,435)		—		(18,759)
Distributions		—		—		(182,446)		107,364		(75,082)
Employee tax withholding for settlement of equity compensation awards		(21,260)		—		(5,635)		—		(26,895)
Other		(5,157)		—		(164)		—		(5,321)
Net cash provided by financing activities		947,940		—		106,715		107,364		1,162,019
Net increase in cash and cash equivalents		978		—		7,159		—		8,137
Cash and cash equivalents, beginning of period		16,590		—		6,883		—		23,473
Cash and cash equivalents, end of period	$	17,568		—		14,042		—		31,610

Condensed Consolidating Statement of Cash Flows

Year Ended December 31, 2017

(In thousands)

	Parent (Antero)		Guarantor Subsidiaries		Non-Guarantor Subsidiaries (Antero Midstream)		Eliminations		Consolidated
Cash flows provided by (used in)operating activities:
Net income including noncontrolling interests	$	615,070		—		307,315		(137,248)		785,137
Adjustment to reconcile net income to net cash provided by operating activities:						—
Depletion, depreciation, amortization, and accretion		707,658		—		119,562		—		827,220
Change in fair value of contingent acquisition consideration		(13,476)		—		13,476		—		—
Impairment of unproved properties		159,598		—		—		—		159,598
Impairment of gathering systems and facilities		—		—		23,431		—		23,431
Commodity derivative fair value gains		(658,283)		—		—		—		(658,283)
Gains on settled commodity derivatives		213,940		—		—		—		213,940
Proceeds from derivative monetizations		749,906		—		—		—		749,906
Marketing derivative losses		21,394		—		—		—		21,394
Deferred income tax benefit		(295,126)		—		—		—		(295,126)
Equity-based compensation expense		76,162		—		27,283		—		103,445
Loss on early extinguishment of debt		1,205		—		295		—		1,500
Equity in earnings of Antero Midstream		43,710		—		—		(43,710)		—
Equity in earnings of unconsolidated affiliates		—		—		(20,194)		—		(20,194)
Distributions of earnings from unconsolidated affiliates		—		—		20,195		—		20,195
Other		(4,500)		—		2,593		—		(1,907)
Distributions from subsidiaries		131,598		—		—		(131,598)		—
Changes in current assets and liabilities		87,466		—		(18,160)		6,729		76,035
Net cash provided by operating activities		1,836,322		—		475,796		(305,827)		2,006,291
Cash flows provided by (used in) investing activities:
Additions to proved properties		(175,650)		—		—		—		(175,650)
Additions to unproved properties		(204,272)		—		—		—		(204,272)
Drilling and completion costs		(1,455,554)		—		—		173,569		(1,281,985)
Additions to water handling and treatment systems		—		—		(195,162)		660		(194,502)
Additions to gathering systems and facilities		—		—		(346,217)		—		(346,217)
Additions to other property and equipment		(14,127)		—		—		—		(14,127)
Investments in unconsolidated affiliates		—		—		(235,004)		—		(235,004)
Change in other assets		(8,594)		—		(3,435)		—		(12,029)
Other		2,156		—		—		—		2,156
Net cash used in investing activities		(1,856,041)		—		(779,818)		174,229		(2,461,630)
Cash flows provided by (used in) financing activities:
Issuance of common units by Antero Midstream		—		—		248,956		—		248,956
Sale of common units in Antero Midstream by Antero Resources Corporation		311,100		—		—		—		311,100
Borrowings (repayments) on bank credit facility, net		(255,000)		—		345,000		—		90,000
Payments of deferred financing costs		(10,857)		—		(5,520)		—		(16,377)
Distributions		—		—		(283,950)		131,598		(152,352)
Employee tax withholding for settlement of equity compensation awards		(18,229)		—		(5,945)		—		(24,174)
Other		(4,785)		—		(198)		—		(4,983)
Net cash provided by financing activities		22,229		—		298,343		131,598		452,170
Net increase (decrease) in cash and cash equivalents		2,510		—		(5,679)		—		(3,169)
Cash and cash equivalents, beginning of period		17,568		—		14,042		—		31,610
Cash and cash equivalents, end of period	$	20,078		—		8,363		—		28,441

Condensed Consolidating Statement of Cash Flows

Year Ended December 31, 2018

(In thousands)

	Parent (Antero)		Guarantor Subsidiaries		Non-Guarantor Subsidiaries (Antero Midstream)		Eliminations		Consolidated
Cash flows provided by (used in) operating activities:
Net income (loss) including noncontrolling interests	$	(397,517)		—		585,944		(234,128)		(45,701)
Adjustment to reconcile net income (loss) to net cash provided by operating activities:
Depletion, depreciation, amortization, and accretion		845,136		—		130,148		—		975,284
Change in fair value of contingent acquisition consideration		93,019		—		(93,019)		—		—
Impairment of unproved properties		549,437		—		—		—		549,437
Impairment of gathering systems and facilities		4,470		—		5,771		(583)		9,658
Commodity derivative fair value losses		87,594		—		—		—		87,594
Gains on settled commodity derivatives		243,112		—		—		—		243,112
Premium paid on derivative contracts		(13,318)		—		—		—		(13,318)
Proceeds from derivative monetizations		370,365		—		—		—		370,365
Marketing derivative fair value gains		(94,081)		—		—		—		(94,081)
Gains on settled marketing derivatives		72,687		—		—		—		72,687
Deferred income tax benefit		(128,857)		—		—		—		(128,857)
Gain on sale of assets		—		—		(583)		583		—
Equity-based compensation expense		49,341		—		21,073		—		70,414
Equity in earnings of Antero Midstream		3,664		—		—		(3,664)		—
Equity in earnings of unconsolidated affiliates		—		—		(40,280)		—		(40,280)
Distributions of earnings from unconsolidated affiliates		—		—		46,415		—		46,415
Distributions from Antero Midstream		159,181		—		—		(159,181)		—
Other		4,681		—		2,879		(2,879)		4,681
Changes in current assets and liabilities		(26,059)		—		(788)		1,424		(25,423)
Net cash provided by operating activities		1,822,855		—		657,560		(398,428)		2,081,987
Cash flows provided by (used in) investing activities:
Additions to unproved properties		(172,387)		—		—		—		(172,387)
Drilling and completion costs		(1,743,587)		—		—		255,014		(1,488,573)
Additions to water handling and treatment systems		—		—		(88,674)		(9,025)		(97,699)
Additions to gathering systems and facilities		103		—		(446,270)		1,754		(444,413)
Additions to other property and equipment		(7,441)		—		—		(73)		(7,514)
Investments in unconsolidated affiliates		—		—		(136,475)		—		(136,475)
Change in other assets		(72)		—		(3,591)		—		(3,663)
Change in other liabilities		—		—		2,273		(2,273)		—
Other		—		—		6,150		(6,150)		—
Net cash used in investing activities		(1,923,384)		—		(666,587)		239,247		(2,350,724)
Cash flows provided by (used in) financing activities:
Issuance of common units by Antero Midstream		—		—		—		—		—
Repurchases of common stock		(129,084)		—		—		—		(129,084)
Borrowings on bank credit facility, net		225,379		—		435,000		—		660,379
Payments of deferred financing costs		—		—		(2,169)		—		(2,169)
Distributions		—		—		(426,452)		159,181		(267,271)
Employee tax withholding for settlement of equity compensation awards		(11,491)		—		(5,529)		—		(17,020)
Other		(4,353)		—		(186)		—		(4,539)
Net cash provided by financing activities		80,451		—		664		159,181		240,296
Net decrease in cash and cash equivalents		(20,078)		—		(8,363)		—		(28,441)
Cash and cash equivalents, beginning of period		20,078		—		8,363		—		28,441
Cash and cash equivalents, end of period	$	—		—		—		—		—