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ANTERO RESOURCES Corp (AR)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15Dec-31-14
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenue and other:          
Revenue  4,619.43,491.74,408.74,139.63,655.61,744.53,954.92,720.6
            Revenue growth  32.3%-20.8%6.5%13.2%109.5%-55.9%45.4%107.2%
Commodity derivative fair value losses  -1,936.579.9464.0-87.6658.3-514.22,381.5868.2
Amortization of deferred revenue, VPP  45.214.5      
Other income (loss)  1.02.84.2    -180.4
    Total revenue  4,619.43,491.74,408.74,139.63,655.61,744.53,954.92,720.6
            Total revenue growth  32.3%-20.8%6.5%13.2%109.5%-55.9%45.4%107.2%
Operating expenses:          
Lease operating  96.898.9145.7     
   
Cost of goods and services sold          
Production and ad valorem taxes  197.9106.8125.1126.594.566.678.387.9
General and administrative  145.0134.5178.7240.3251.2239.3233.7304.5
Depletion, depreciation, and amortization  742.0861.9914.9972.5824.6809.9709.8477.9
Impairment of oil and gas properties  90.5223.814.8549.4159.6162.9104.3 
   
Impairment of midstream assets          
Accretion of asset retirement obligations  3.83.43.82.82.62.51.7 
(Gain) loss on sale of assets  -2.20.31.0    40.0
    Total operating expenses  4,595.64,445.15,395.74,067.72,915.52,720.34,429.22,889.6
    Operating income (loss)  23.9-953.4-987.071.9740.1-975.81,790.31,299.7
            Operating margin  0.5%-27.3%-22.4%1.7%20.2%-55.9%45.3%47.8%
   
Other income (expense):          
Equity in earnings of unconsolidated affiliates  -77.162.7143.2-40.3-20.20.5  
Loss on early extinguishment of debt  -93.2176.036.4 -1.5-17.0 -20.4
Loss on convertible note equitizations  -50.8       
    Total other expense  -252.0-704.4619.8-246.5-250.0-270.0-234.4-180.4
    Income (loss) before income taxes  -228.2-1,657.9-367.2-174.6490.1-1,245.81,555.91,119.3
Income tax benefit (expense)  74.1397.574.1128.9295.1496.4-575.9-445.7
    Net income (loss) and comprehensive income (loss) including noncontrolling interests  -154.1-1,260.4-293.1-45.7785.1-749.4980.0675.8
Less: net income (loss) and comprehensive income (loss) attributable to noncontrolling interests  32.87.547.0351.8170.199.438.62.2
    Net income (loss) and comprehensive income (loss) attributable to Antero Resources Corporation  -186.9-1,267.9-340.1-397.5615.1-848.8941.4673.6
   
Income (loss) per share-basic (in dollars per share)  ($0.61)($4.65)($1.11)($1.26)$1.95($2.88) $2.57
Income (loss) per share-diluted (in dollars per share)  ($0.61)($4.65)($1.11)($1.26)$1.94($2.88) $2.57
   
Weighted average number of shares outstanding:          
Basic (in shares)  308.1272.4306.4316.0315.4294.9274.1262.1
Diluted (in shares)  308.1272.4306.4316.0316.3294.9274.1262.1

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