Antero Resources Corporation (AR) Financial Statements (2024 and earlier)

Company Profile

Business Address 1615 WYNKOOP STREET
DENVER, CO 80202
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments      28
Cash and cash equivalents      28
Receivables3579281715135
Prepaid expense      
Derivative instruments and hedges, assets21105423245461
Other current assets 151511359
Other undisclosed current assets750591425318475300
Total current assets:788686574923807833
Noncurrent Assets
Operating lease, right-of-use asset3,4443,4202,6142,887
Property, plant and equipment84117749,97913,87013,236
Oil and gas property, successful effort method14,23213,68813,436   
Long-term investments and receivables2202322551,055434303
Long-term investments2202322551,055434303
Derivative instruments and hedges101447333362841
Other noncurrent assets171714214748
Other undisclosed noncurrent assets(4,678)(4,278)(3,863)   
Total noncurrent assets:13,33113,21012,57714,27514,71314,428
TOTAL ASSETS:14,11813,89713,15115,19815,51915,261
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities539482370415531506
Accounts payable 782527146663
Accrued liabilities462457344401465443
Deferred revenue313845 
Debt001305  
Derivative instruments and hedges, liabilities98560317128
Due to related parties81767098  
Other liabilities211271118
Other undisclosed current liabilities1,024901463208311210
Total current liabilities:1,7752,0689831,040854762
Noncurrent Liabilities
Long-term debt and lease obligation1,1832,1253,0023,7595,4624,800
Long-term debt, excluding current maturities1,1832,1253,0023,7595,4624,800
Liabilities, other than long-term debt1,253673727844717823
Deferred revenue88118156 
Deferred tax liabilities, net651780
Deferred income tax liabilities760318412782
Other liabilities605460596643
Derivative instruments and hedges, liabilities345182994 0
Other undisclosed noncurrent liabilities2,8902,9642,3492,584  
Total noncurrent liabilities:5,3265,7626,0787,1876,1785,623
Total liabilities:7,1017,8307,0618,2277,0326,385
Equity
Equity, attributable to parent6,7555,7575,7686,9717,6668,149
Common stock333333
Treasury stock, value (1)     
Additional paid in capital5,8396,3716,1956,1306,4856,571
Retained earnings (accumulated deficit)914(617)(430)8371,1781,575
Equity, attributable to noncontrolling interest263309323 822727
Total equity:7,0176,0666,0906,9718,4878,876
TOTAL LIABILITIES AND EQUITY:14,11813,89713,15115,19815,51915,261

Income Statement (P&L) ($ in millions)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues7,1384,6193,4924,4094,1403,656
Revenue, net1,877
Cost of revenue(4,387)(4,449)(4,307)(5,213)(3,815)(2,630)
Cost of goods and services sold      (1,185)
Gross profit:2,752170(815)(805)3251,026
Operating expenses(178)(147)(138)(182)(253)(286)
Other operating expense, net    (695)  
Other undisclosed operating income    695  
Operating income (loss):2,57424(953)(987)72740
Nonoperating income (expense)(99)(252)(704)620(246)(250)
Investment income, nonoperating(1,616)(1,937)801,297(88)637
Interest and debt expense(0)(51)(8)(11)(287)(2)
Income (loss) from continuing operations before equity method investments, income taxes:2,474(279)(1,666)(378)(461)489
Other undisclosed income from continuing operations before income taxes0518112872
Income (loss) from continuing operations before income taxes:2,475(228)(1,658)(367)(175)490
Income tax expense (benefit)(449)7439774129295
Income (loss) from continuing operations:2,026(154)(1,260)(293)(46)785
Income (loss) before gain (loss) on sale of properties:(154)(1,260)(293)(46)785
Net income (loss):2,026(154)(1,260)(293)(46)785
Net loss attributable to noncontrolling interest(127)(33)(7)(47)(352)(170)
Net income (loss) available to common stockholders, basic:1,899(187)(1,268)(340)(398)615
Other undisclosed net income available to common stockholders, diluted3     
Net income (loss) available to common stockholders, diluted:1,901(187)(1,268)(340)(398)615

Comprehensive Income ($ in millions)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):2,026(154)(1,260)(293)(46)785
Comprehensive income (loss):2,026(154)(1,260)(293)(46)785
Comprehensive loss, net of tax, attributable to noncontrolling interest(127)(33)(7)(47)(352)(170)
Comprehensive income (loss), net of tax, attributable to parent:1,899(187)(1,268)(340)(398)615

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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