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Investments in Unconsolidated Affiliates (Tables)

12 Months Ended

Dec. 31, 2019

Investments in Unconsolidated Affiliates

Schedule of reconciliation of investments in unconsolidated affiliates


			Antero									Total Investment
			Midstream						MarkWest			in Unconsolidated
(in thousands)			Partners LP			Stonewall			Joint Venture			Affiliates
Balance at December 31, 2017			23,772			—			—			23,772
Equity in net income of unconsolidated affiliates			142,906			—			—			142,906
Distributions from unconsolidated affiliates			(123,186)			—			—			(123,186)
Balance at December 31, 2018			43,492			—			—			43,492
Distributions from unconsolidated affiliates			(43,492)			—			—			(43,492)
Balance at March 12, 2019			—			—			—			—
Investments in unconsolidated affiliates acquired from Antero Midstream Partners			—			142,071			426,214			568,285
Additional investments			—			—			154,359			154,359
Equity in net income of unconsolidated affiliates⁽¹⁾			—			4,117			47,198			51,315
Distributions from unconsolidated affiliates			—			(5,730)			(58,590)			(64,320)
Balance at December 31, 2019		$	—			140,458			569,181			709,639

⁽¹⁾	As adjusted for the amortization of the difference between the cost of the equity investments in Stonewall and the Joint Venture and the amount of the underlying equity in the net assets of Stonewall and the Joint Venture as of the date of the acquisition of Antero Midstream Partners.

Schedule of summarized financial information for unconsolidated affiliates

Combined Balance Sheets


		December 31,
(in thousands)		2018			2019
Current assets		$	90,481		$	61,641
Noncurrent assets			1,327,947			1,660,401
Total assets		$	1,418,428		$	1,722,042

Current liabilities		$	76,605		$	33,912
Noncurrent liabilities			6,986			5,521
Noncontrolling interest			172,865			175,021
Partners' capital			1,161,972			1,507,588
Total liabilities and partners' capital		$	1,418,428		$	1,722,042

Statements of Combined Operations


		Year Ended December 31,
(in thousands)			2017		2018		2019
Revenues		$	119,371		189,222		254,868
Operating expenses			40,059		75,250		105,218
Income from operations			79,312		113,972		149,650
Net income attributable to the equity method investments			88,717		131,626		23,615