For the year ending 2025-12-31, AM had $262,935K increase in cash & cash equivalents over the period.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Accretion of asset retirement obligations | - | 189 | 177 | 460 |
| Net income | 413,163 | 400,892 | 371,786 | 331,617 |
| Loss (gain) on asset sale | - | -723 | -6,030 | -3,628 |
| Depreciation | 134,310 | 140,000 | 136,059 | 108,790 |
| Impairment of property and equipment | 984 | 332 | - | - |
| Deferred income tax expense | 149,387 | 147,729 | 134,664 | 117,123 |
| Equity-based compensation | 45,958 | 44,332 | 31,606 | 13,529 |
| Equity in earnings of unconsolidated affiliates | 116,439 | 110,573 | 105,456 | 90,451 |
| Distributions from unconsolidated affiliates | 141,270 | 135,660 | 131,835 | 118,990 |
| Impairment of property and equipment | - | - | 146 | 5,042 |
| Amortization of customer relationships | 70,672 | 70,672 | 70,672 | 70,672 |
| Amortization of deferred financing costs | 5,255 | 6,004 | 5,979 | 5,549 |
| Settlement of asset retirement obligations | 467 | 795 | 1,258 | 1,385 |
| Loss on early extinguishment of debt | -1,313 | -14,091 | - | -21,757 |
| Loss on long-lived assets | 86,626 | - | - | - |
| Other operating activities | 192 | - | - | - |
| Accounts receivable-antero resources | -3,809 | 26,571 | 2,458 | 7,475 |
| Accounts receivable-third party | -325 | -748 | -359 | -904 |
| Income tax receivable | 1,896 | - | -940 | -16,311 |
| Other current assets | 737 | 781 | 2,041 | -550 |
| Accounts payable-antero resources | 1,141 | -54 | -1,267 | 792 |
| Accounts payable-third party | -2,077 | 3,722 | -7,766 | 695 |
| Income taxes payable | 942 | - | - | - |
| Loss on settlement of asset retirement obligations | - | - | -805 | - |
| Accrued liabilities | -1,267 | 17,674 | 8,251 | -7,346 |
| Net cash provided by operating activities | 932,464 | 843,994 | 779,063 | 709,752 |
| Additions-Gathering Pipe Lines And Compressor Stations | 91,533 | 141,832 | 130,305 | 186,588 |
| Cash received in asset sales | - | 1,342 | 1,087 | 1,653 |
| Acquisition of gathering systems and facilities | - | 69,992 | 266 | - |
| Additions-Water Handling Systems | 70,722 | 30,515 | 53,428 | 46,237 |
| Additional investments in unconsolidated affiliate | 6,653 | 2,393 | 262 | 2,070 |
| Change in other liabilities | - | 659 | - | - |
| Change in other assets | - | 2 | 32 | - |
| Other investing activities | 304 | - | - | - |
| Net cash used in investing activities | -169,212 | -242,733 | -183,206 | -233,242 |
| Dividends to common stockholders | 439,007 | 437,634 | 434,846 | 471,171 |
| Borrowings (repayments) on bank credit facilities, net | - | - | - | -66,300 |
| Dividends to preferred stockholders | 550 | 550 | 550 | 550 |
| Other | - | - | - | -41 |
| Repurchases of common stock | 134,981 | 28,690 | - | - |
| Issuance of senior notes | 1,250,000 | 600,000 | - | 750,000 |
| Redemption of senior notes | 650,000 | 560,862 | - | 667,472 |
| Payments of deferred financing costs | 13,877 | 12,793 | - | 16,603 |
| Borrowings on credit facility | 1,768,700 | 1,565,000 | 1,037,700 | - |
| Repayments on credit facility | 2,253,000 | 1,710,800 | 1,189,600 | - |
| Employee tax withholding for settlement of equity-based compensation awards | 27,602 | 14,998 | 8,495 | 5,013 |
| Net cash used in financing activities | -500,317 | -601,327 | -595,791 | -477,150 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 262,935 | -66 | 66 | -640 |
| Cash and cash equivalents at beginning of period | 0 | - | - | - |
| Cash and cash equivalents at end of period | 262,935 | - | - | - |
Antero Midstream Corp (AM)
Antero Midstream Corp (AM)