Antero Resources Corporation (AR) Financial Statements (2023 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)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments  5    
Cash and cash equivalents  5    
Receivables79353687288857
Derivative instruments and hedges, assets1114110583521
Other current assets1521151215129
Other undisclosed current assets591653494447425339255
Total current assets:686709550586574522842
Noncurrent Assets
Operating lease, right-of-use asset3,4202,9702,4862,5492,6142,6602,563
Property, plant and equipment11792777874739,937
Oil and gas property, successful effort method13,68813,61213,55613,47513,43613,415 
Long-term investments and receivables232237238241255273280
Long-term investments232237238241255273280
Derivative instruments and hedges141519434744104
Other noncurrent assets1791112141618
Other undisclosed noncurrent assets(4,278)(4,170)(4,090)(3,985)(3,863)(3,654) 
Total noncurrent assets:13,21012,76312,29812,41412,57712,82812,902
TOTAL ASSETS:13,89713,47212,84813,00013,15113,35013,744
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities482562473393370400376
Accounts payable25604042275537
Accrued liabilities457501433351344345339
Deferred revenue384041434543 
Debt011111230
Derivative instruments and hedges, liabilities5601,436734147311084
Due to related parties76808586708273
Other liabilities1116125227
Other undisclosed current liabilities901669537547463400174
Total current liabilities:2,0682,8031,8831,2219831,035864
Noncurrent Liabilities
Long-term debt and lease obligation2,1252,3412,4152,5693,0023,1583,518
Long-term debt, excluding current maturities2,1252,3412,4152,5693,0023,1583,518
Liabilities, other than long-term debt673576614698727762594
Deferred revenue118128137147156167 
Deferred income tax liabilities31856214395412381530
Other liabilities54615857606462
Derivative instruments and hedges, liabilities18233220599991493
Other undisclosed noncurrent liabilities2,9642,6172,2172,2852,3492,4102,334
Total noncurrent liabilities:5,7625,5345,2475,5516,0786,3306,447
Total liabilities:7,8308,3367,1306,7727,0617,3667,311
Stockholders' equity
Stockholders' equity attributable to parent5,7574,8505,3975,8755,7685,6686,136
Common stock3333333
Additional paid in capital6,3716,3666,3646,3186,1956,1666,098
Retained earnings (accumulated deficit)(617)(1,519)(969)(446)(430)(500)35
Stockholders' equity attributable to noncontrolling interest309285321353323316297
Total stockholders' equity:6,0665,1355,7186,2286,0905,9846,433
TOTAL LIABILITIES AND EQUITY:13,89713,47212,84813,00013,15113,35013,744

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

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues2,3915344891,2041,309381485
Cost of revenue(1,100)(1,159)(1,090)(1,065)(1,286)(1,073)(1,015)
Gross profit:1,291(625)(600)13923(692)(530)
Operating expenses(35)(60)(43)(45)122(62)(77)
Other operating income (expense), net    423(157)(145)
Other undisclosed operating income (loss)    (423)157145
Operating income (loss):1,256(684)(643)95145(754)(607)
Nonoperating income (expense)(35)(41)(67)(109)(26)311
Investment income, nonoperating324(1,250)(832)(178)197(515)(168)
Interest and debt expense (17)(23)(43)(183)5639
Income (loss) from continuing operations before equity method investments, income taxes:1,222(742)(733)(57)(64)(667)(566)
Other undisclosed income (loss) from continuing operations before income taxes 172343183(56)(39)
Income (loss) from continuing operations before income taxes:1,222(725)(710)(14)119(723)(605)
Income tax expense (benefit)(263)1591763(24)169142
Net income (loss):958(567)(534)(11)95(554)(463)
Net income (loss) attributable to noncontrolling interest(57)1711(4)(25)18(0)
Net income (loss) available to common stockholders, diluted:901(549)(523)(15)70(536)(463)

Comprehensive Income ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net income (loss):958(567)(534)(11)95(554)(463)
Comprehensive income (loss):958(567)(534)(11)95(554)(463)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(57)1711(4)(25)18(0)
Comprehensive income (loss), net of tax, attributable to parent:901(549)(523)(15)70(536)(463)

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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