Antero Resources Corporation (AR) financial statements (2020 and earlier)
Company profile
| Business Address |
1615 WYNKOOP STREET DENVER, CO 80202 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| SIC | 1311 - Crude Petroleum and Natural Gas (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in millions)
| 9/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 28 | 32 | 23 | 246 | 17 | ||||
| Cash and cash equivalents | 28 | 32 | 23 | 246 | 17 | ||||
| Receivables | 29 | 51 | 35 | 30 | 79 | 116 | 33 | ||
| Derivative instruments and hedges, assets | 412 | 245 | 461 | 73 | 1,009 | 693 | 183 | ||
| Other current assets | 7 | 35 | 9 | 6 | 8 | 6 | 3 | ||
| Other undisclosed current assets | 281 | 475 | 300 | 262 | 128 | 192 | 97 | ||
| Total current assets: | 730 | 807 | 833 | 403 | 1,248 | 1,252 | 334 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 3,230 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 9,915 | 13,870 | 13,236 | 12,027 | 10,732 | 9,352 | 5,560 | ||
| Oil and gas property, successful effort method | 8,576 | ||||||||
| Long-term investments and receivables | 1,819 | 434 | 303 | 0 | |||||
| Long-term investments | 1,819 | 434 | 303 | 0 | |||||
| Derivative instruments and hedges | 405 | 362 | 841 | 1,731 | 2,108 | 900 | 678 | ||
| Deferred costs | 52 | ||||||||
| Other noncurrent assets | 21 | 47 | 48 | 95 | 66 | 69 | 43 | ||
| Other undisclosed noncurrent assets | (8,628) | (0) | |||||||
| Total noncurrent assets: | 15,391 | 14,713 | 14,428 | 13,853 | 12,907 | 10,321 | 6,280 | ||
| TOTAL ASSETS: | 16,120 | 15,519 | 15,261 | 14,256 | 14,155 | 11,573 | 6,614 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 425 | 531 | 506 | 432 | 558 | 700 | 448 | ||
| Accounts payable | 32 | 66 | 63 | 39 | 364 | 532 | 371 | ||
| Accrued liabilities | 393 | 465 | 443 | 394 | 194 | 169 | 77 | ||
| Debt | 410 | ||||||||
| Derivative instruments and hedges, liabilities | 1 | 28 | 204 | 1 | |||||
| Due to related parties | 100 | ||||||||
| Deferred tax liabilities | ✕ | 260 | 69 | ||||||
| Other liabilities | 4 | 11 | 18 | 17 | 19 | 12 | 8 | ||
| Other undisclosed current liabilities | 231 | 311 | 210 | 164 | 130 | 182 | 97 | ||
| Total current liabilities: | 1,171 | 854 | 762 | 817 | 707 | 1,155 | 622 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 6,527 | 5,462 | 4,800 | 4,704 | 4,709 | 4,363 | 2,079 | ||
| Long-term debt, excluding current maturities | 3,704 | 5,462 | 4,800 | 4,704 | 4,709 | 4,363 | 2,079 | ||
| Finance lease, liability | 2 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Operating lease, liability | 2,821 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Liabilities, other than long-term debt | 115 | 717 | 823 | 1,006 | 1,453 | 599 | 326 | ||
| Asset retirement obligations | 55 | 17 | 12 | ||||||
| Deferred tax liabilities, net | ✕ | 651 | 780 | 950 | 1,371 | 534 | 279 | ||
| Other liabilities | 59 | 66 | 43 | 55 | 82 | 48 | 35 | ||
| Derivative instruments and hedges, liabilities | 0 | 0 | |||||||
| Other undisclosed noncurrent liabilities | 861 | (17) | (12) | ||||||
| Total noncurrent liabilities: | 7,502 | 6,178 | 5,623 | 5,710 | 6,161 | 4,945 | 2,393 | ||
| Total liabilities: | 8,674 | 7,032 | 6,385 | 6,527 | 6,869 | 6,100 | 3,015 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | 7,447 | 7,666 | 8,149 | 6,263 | 5,934 | 5,474 | 3,599 | ||
| Common stock | 3 | 3 | 3 | 3 | 3 | 3 | 3 | ||
| Additional paid in capital | 6,124 | 6,485 | 6,571 | 5,299 | 4,123 | 3,514 | 3,402 | ||
| Retained earnings | 1,320 | 1,178 | 1,575 | 960 | 1,809 | 867 | 194 | ||
| Other undisclosed stockholders' equity attributable to parent | 1,090 | ||||||||
| Stockholders' equity attributable to noncontrolling interest | 822 | 727 | 1,466 | 1,352 | 1,090 | ||||
| Other undisclosed stockholders' equity | (2,180) | ||||||||
| Total stockholders' equity: | 7,447 | 8,487 | 8,876 | 7,729 | 7,287 | 4,384 | 3,599 | ||
| Other undisclosed liabilities and equity | 1,090 | ||||||||
| TOTAL LIABILITIES AND EQUITY: | 16,120 | 15,519 | 15,261 | 14,256 | 14,155 | 11,573 | 6,614 | ||
Income statement (P&L) ($ in millions)
| 9/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 4,502 | 4,140 | 3,656 | 1,745 | 3,955 | 2,721 | 1,313 | |
| Revenue, net | ✕ | ✕ | 1,877 | 1,322 | 1,111 | 1,301 | 689 | |
| Cost of revenue | (4,080) | (3,815) | (2,630) | (2,406) | (1,821) | (491) | (228) | |
| Cost of goods and services sold | (1,185) | (933) | (695) | (491) | (228) | |||
| Gross profit: | 422 | 325 | 1,026 | (662) | 2,134 | 2,230 | 1,085 | |
| Operating expenses | (1,388) | (253) | (286) | (314) | (344) | (1,421) | (972) | |
| Other operating expense, net (Other undisclosed Other operating expense, net) | (315) | |||||||
| Other undisclosed operating income | 315 | 491 | 228 | |||||
| Operating income (loss): | (966) | 72 | 740 | (976) | 1,790 | 1,300 | 341 | |
| Nonoperating income (expense) | 1,076 | (246) | (250) | (270) | (234) | (180) | (179) | |
| Investment income, nonoperating | 1,733 | (88) | 637 | (514) | 2,382 | |||
| Other nonoperating expense | (180) | (179) | ||||||
| Interest and debt expense | (150) | (287) | (2) | (17) | (234) | (140) | (179) | |
| Other undisclosed income from continuing operations before equity method investments, income taxes | 140 | 179 | ||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (41) | (461) | 489 | (1,263) | 1,321 | 1,119 | 162 | |
| Other undisclosed income from continuing operations before income taxes | 150 | 287 | 2 | 17 | 234 | |||
| Income (loss) from continuing operations before income taxes: | 110 | (175) | 490 | (1,246) | 1,556 | 1,119 | 162 | |
| Income tax expense (benefit) | 98 | 129 | 295 | 496 | (576) | (446) | (186) | |
| Income (loss) from continuing operations: | 208 | (46) | 785 | (749) | 980 | 674 | (24) | |
| Loss from discontinued operations | (1) | (3) | ||||||
| Income (loss) before gain (loss) on sale of properties: | 208 | (46) | 785 | (749) | 980 | 672 | (27) | |
| Other undisclosed net income | 4 | 9 | ||||||
| Net income (loss): | 208 | (46) | 785 | (749) | 980 | 676 | (19) | |
| Net loss attributable to noncontrolling interest | (187) | (352) | (170) | (99) | (39) | (2) | ||
| Other undisclosed net income attributable to parent | 2 | |||||||
| Net income (loss) attributable to parent: | 21 | (398) | 615 | (849) | 941 | 676 | (19) | |
| Other undisclosed net loss available to common stockholders, basic | (2) | |||||||
| Net income (loss) available to common stockholders, diluted: | 21 | (398) | 615 | (849) | 941 | 674 | (19) | |
Comprehensive Income ($ in millions)
| 9/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 208 | (46) | 785 | (749) | 980 | 676 | (19) | |
| Comprehensive income (loss): | 208 | (46) | 785 | (749) | 980 | 676 | (19) | |
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (187) | (352) | (170) | (99) | (39) | (2) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 21 | (398) | 615 | (849) | 941 | 674 | (19) | |
Statements sources
The financial statements are based on the company's filings with the 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.