v3.25.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows provided by (used in) operating activities:      
Net income $ 400,892 $ 371,786 $ 326,242
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 140,000 136,059 131,762
Accretion of asset retirement obligations 189 177 222
Impairment of property and equipment 332 146 3,702
Deferred income tax expense 147,729 134,664 117,494
Equity-based compensation 44,332 31,606 19,654
Equity in earnings of unconsolidated affiliates (110,573) (105,456) (94,218)
Distributions from unconsolidated affiliates 135,660 131,835 120,460
Amortization of customer relationships 70,672 70,672 70,672
Amortization of deferred financing costs 6,004 5,979 5,716
Settlement of asset retirement obligations (795) (1,258) (5,454)
Loss on settlement of asset retirement obligations   805 539
Loss (gain) on asset sale 723 6,030 (2,251)
Loss on early extinguishment of debt 14,091    
Changes in assets and liabilities:      
Accounts receivable-Antero Resources (26,571) (2,458) (3,354)
Accounts receivable-third party 748 359 723
Income tax receivable   940  
Other current assets (781) (2,041) (313)
Accounts payable-Antero Resources (54) (1,267) 782
Accounts payable-third party 3,722 (7,766) 7,973
Accrued liabilities 17,674 8,251 (747)
Net cash provided by operating activities 843,994 779,063 699,604
Cash flows provided by (used in) investing activities:      
Additional investments in unconsolidated affiliate (2,393) (262)  
Return of investment in unconsolidated affiliate     17,000
Acquisition of gathering systems and facilities (69,992) (266) (216,726)
Cash received in asset sales 1,342 1,087 5,726
Change in other assets (2) (32) (98)
Change in other liabilities 659   (804)
Net cash used in investing activities (242,733) (183,206) (493,826)
Cash flows provided by (used in) financing activities:      
Dividends to common stockholders (437,634) (434,846) (432,825)
Dividends to preferred stockholders (550) (550) (550)
Repurchases of common stock (28,690)    
Issuance of Senior Notes 600,000    
Redemption of Senior Notes (560,862)    
Payments of deferred financing costs (12,793)   (302)
Borrowings on Credit Facility 1,565,000 1,037,700 1,269,300
Repayments on Credit Facility (1,710,800) (1,189,600) (1,034,500)
Employee tax withholding for settlement of equity-based compensation awards (14,998) (8,495) (6,901)
Net cash used in financing activities (601,327) (595,791) (205,778)
Net increase (decrease) in cash and cash equivalents (66) 66  
Cash and cash equivalents, beginning of period 66    
Cash and cash equivalents, end of period   66  
Supplemental disclosure of cash flow information:      
Cash paid during the period for interest 189,908 213,955 183,079
Cash received during the period for income taxes 104 9,626  
Increase (decrease) in accrued capital expenditures and accounts payable for property and equipment (13,416) 1,288 (17,003)
Gathering systems and facilities      
Cash flows provided by (used in) investing activities:      
Additions (141,832) (130,305) (227,561)
Water handling systems      
Cash flows provided by (used in) investing activities:      
Additions $ (30,515) $ (53,428) $ (71,363)

Source

HTML PDF
ZIP