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Condensed Consolidated Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows provided by (used in) operating activities:    
Net income $ 271,339 $ 243,449
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 101,174 98,181
Accretion of asset retirement obligations 133 178
Impairment of property and equipment   3,702
Deferred income tax expense 97,422 84,798
Equity-based compensation 23,175 14,026
Equity in earnings of unconsolidated affiliates (77,825) (70,467)
Distributions from unconsolidated affiliates 94,900 90,470
Amortization of customer relationships 53,004 53,004
Amortization of deferred financing costs 4,463 4,268
Settlement of asset retirement obligations (869) (1,395)
Loss on settlement of asset retirement obligations 620 539
Loss (gain) on asset sale 6,036 (2,242)
Changes in assets and liabilities:    
Accounts receivable-Antero Resources (6,867) 5,596
Accounts receivable-third party 436 (822)
Other current assets (1,307) 242
Accounts payable-Antero Resources (1,766) (2,006)
Accounts payable-third party 1,214 12,228
Accrued liabilities 5,460 (2,773)
Net cash provided by operating activities 570,742 530,976
Cash flows provided by (used in) investing activities:    
Investments in unconsolidated affiliates (262)  
Return of investment in unconsolidated affiliate   17,000
Acquisition of gathering systems and facilities (266)  
Cash received in asset sale 1,071 4,026
Change in other assets (26) (24)
Change in other liabilities   (804)
Net cash used in investing activities (129,508) (215,956)
Cash flows provided by (used in) financing activities:    
Dividends to common stockholders (326,871) (325,120)
Dividends to preferred stockholders (413) (413)
Payments of deferred financing costs   (302)
Borrowings (repayments) on bank credit facilities, net (105,600) 17,600
Employee tax withholding for settlement of equity compensation awards (8,350) (6,785)
Net cash used in financing activities (441,234) (315,020)
Net increase in cash and cash equivalents
Cash and cash equivalents, beginning of period
Cash and cash equivalents, end of period
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest 159,019 130,236
Increase (decrease) in accrued capital expenditures and accounts payable for property and equipment 9,171 (17,130)
Gathering systems and facilities    
Cash flows provided by (used in) investing activities:    
Additions (90,175) (190,407)
Water handling systems    
Cash flows provided by (used in) investing activities:    
Additions $ (39,850) $ (45,747)