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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
1 Months Ended 3 Months Ended
Mar. 31, 2019
Mar. 31, 2019
Mar. 31, 2018
Cash flows provided by (used in) operating activities:      
Net income   $ 9,648 $ 12,805
Adjustment to reconcile net income to net cash provided by operating activities:      
Distributions received from Antero Midstream Partners LP   43,492 23,772
Depreciation   7,650  
Accretion and change in fair value of contingent acquisition consideration   1,049  
Accretion of asset retirement obligations   10  
Deferred income tax benefit   (2,377)  
Equity-based compensation   11,423 8,635
Equity in earnings of unconsolidated affiliates $ (2,880) (2,880) (28,453)
Distributions from unconsolidated affiliates 4,775 4,775  
Amortization of customer relationships   1,781  
Amortization of deferred financing costs   251  
Changes in assets and liabilities:      
Accounts receivable – Antero Resources   31,331  
Accounts receivable - third party   (18)  
Other current assets   (2,361) (155)
Accounts payable – Antero Resources   (444) (15)
Accounts payable - third party   (1,454)  
Accrued liabilities   (32,289) 565
Income taxes payable     6,088
Net cash provided by operating activities   69,587 23,242
Cash flows provided by (used in) investing activities:      
Additions to gathering systems and facilities   (7,677)  
Additions to water handling and treatment systems   (8,328)  
Investments in unconsolidated affiliates   (65,729)  
Cash received on acquisition of Antero Midstream Partners LP   619,532  
Cash consideration paid to Antero Midstream Partners LP unitholders   (598,709)  
Change in other assets   (267)  
Net cash used in investing activities   (61,178)  
Cash flows provided by (used in) financing activities:      
Distributions to shareholders   (30,543) (13,964)
Distributions to Series B unitholders   (3,720) (783)
Borrowings on bank credit facilities, net   25,000  
Net cash used in financing activities   (9,263) (14,747)
Net increase (decrease) in cash and cash equivalents   (854) 8,495
Cash and cash equivalents, beginning of period   2,822 5,987
Cash and cash equivalents, end of period $ 1,968 1,968 $ 14,482
Supplemental disclosure of cash flow information:      
Cash paid during the period for interest   19,250  
Increase in accrued capital expenditures and accounts payable for property and equipment   $ 11,933