Antero Resources Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	590.38	57.23	198.4	1,872	-186.9	-1,268
Depreciation & Amortization	813.06	813.26	801.4	869.52	836.35	1,089
Other Amortization	1.43	2.42	2.26	4.34	12.49	12.03
Loss (Gain) From Sale of Assets	2.13	0.86	-0.45	0.47	-2.23	0.35
Loss (Gain) From Sale of Investments	-	-	-	-	-	610.63
Loss (Gain) on Equity Investments	-112.2	-93.79	-82.95	-72.33	-77.09	62.66
Stock-Based Compensation	63.67	66.46	59.52	35.44	20.44	23.32
Other Operating Activities	175.95	27.65	-126.74	405.07	942.38	314.54
Change in Accounts Receivable	-31.49	-27.4	314.43	-72.73	-221.7	-116.92
Change in Accounts Payable	28.35	35.3	-16.84	32.37	-1.18	-19.28
Change in Other Net Operating Assets	6.9	-32.71	-154.32	-22.45	337.55	27.16
Operating Cash Flow	1,538	849.29	994.72	3,051	1,660	735.64
Operating Cash Flow Growth	74.11%	-14.62%	-67.40%	83.80%	125.67%	-33.33%
Capital Expenditures	-986.69	-716.78	-1,132	-943.97	-715.94	-874.36
Sale of Property, Plant & Equipment	17.97	9.5	0.45	2.75	3.19	0.7
Other Investing Activities	-11.37	-6.87	-9.35	-2.39	1.96	343.6
Investing Cash Flow	-980.09	-714.15	-1,141	-943.61	-710.78	-530.06
Long-Term Debt Issued	-	4,131	4,501	6,309	6,806	752.5
Long-Term Debt Repaid	-	-4,155	-4,119	-7,302	-7,663	-1,219
Net Debt Issued (Repaid)	-320.23	-24	382.03	-992.93	-857.31	-466.52
Repurchase of Common Stock	-165.65	-29.61	-105.72	-939.88	-13.27	-43.87
Other Financing Activities	-72.21	-81.53	-130.26	-174.93	-78.76	304.81
Financing Cash Flow	-558.1	-135.14	146.05	-2,108	-949.33	-205.58
Free Cash Flow	551.5	132.51	-137.14	2,107	944.18	-138.72
Free Cash Flow Growth	633.57%	-	-	123.20%	-	-
Free Cash Flow Margin	11.01%	3.08%	-3.06%	24.18%	14.50%	-4.08%
Free Cash Flow Per Share	1.74	0.42	-0.44	6.40	3.06	-0.51
Cash Interest Paid	91.52	120.06	113.91	155.01	141.93	192.3
Levered Free Cash Flow	260.39	103.25	-56.51	995.14	838.65	-130.67
Unlevered Free Cash Flow	314.34	174.71	14.9	1,069	939.82	-17.78
Change in Working Capital	3.76	-24.81	143.28	-62.81	114.67	-109.05

Source: S&P Global Market Intelligence. Standard template. Financial Sources.