AM FY 2021 Earnings Report — Antero Midstream Corporation Revenue & Financial Results | Market Cap Arena

Antero Midstream CorporationAM

FY 2021 Earnings

Reported February 16, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$969M	—	$971M	—	-0.3%
Op. Income	$555M	—	-$118M	—	572.1%
Gross Margin	65.3%	—	64.5%	—	0.8pp
Net Margin	34.2%	—	-12.6%	—	46.8pp
EPS (Diluted)	$0.69	—	$-0.26	—	365.4%
Free Cash Flow	$477M	—	$595M	—	-19.9%

Revenue Flow

Item	Amount
REVENUE	$969M
Cost of Revenue	$337M
GROSS PROFIT	$632M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$64M
SG&A Expenses	$64M
Other Expenses	$13M
Operating Expenses	$77M
Cost & Expenses	$414M
OPERATING INCOME	$555M
Interest Income	$0
Interest Expense	$175M
Other Income/Expenses	-$107M
INCOME BEFORE TAX	$449M
Income Tax Expense	$117M
Net Income from Continuing Ops	$332M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$332M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$331M
D&A	$179M
EBIT	$624M
EBITDA	$803M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$969M
Cost of Revenue	$337M
GROSS PROFIT	$632M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$64M
SG&A Expenses	$64M
Other Expenses	$13M
Operating Expenses	$77M
Cost & Expenses	$414M
OPERATING INCOME	$555M
Interest Income	$0
Interest Expense	$175M
Other Income/Expenses	-$107M
INCOME BEFORE TAX	$449M
Income Tax Expense	$117M
Net Income from Continuing Ops	$332M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$332M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$331M
D&A	$179M
EBIT	$624M
EBITDA	$803M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$332M
Depreciation & Amortization	$179M
Stock-Based Compensation	$14M
Deferred Income Tax	$117M
Other Non-Cash Items	$64M
Change in Working Capital	$4M
OPERATING CASH FLOW	$710M
Capital Expenditure	-$233M
Acquisitions (Net)	-$2M
Purchases of Investments	-$2M
Sales/Maturities of Investments	$2M
Other Investing Activities	$2M
NET CASH FROM INVESTING	-$233M
Net Debt Issuance	$16M
Common Stock Repurchased	-$5M
Common Dividends Paid	-$471M
Other Financing Activities	-$17M
NET CASH FROM FINANCING	-$477M
FREE CASH FLOW	$477M
Net Change in Cash	-$640.0K

Balance Sheet

Item	Amount
Cash & Equivalents	$0
Short-Term Investments	$0
Net Receivables	$83M
Inventory	$0
Other Current Assets	$920.0K
TOTAL CURRENT ASSETS	$84M
PP&E (Net)	$3.4B
Goodwill	$0
Intangible Assets	$1.4B
Long-Term Investments	$696M
Tax Assets	$14M
Other Non-Current Assets	-$1M
TOTAL NON-CURRENT ASSETS	$5.5B
TOTAL ASSETS	$5.5B
Account Payables	$24M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$34M
TOTAL CURRENT LIABILITIES	$114M
Long-Term Debt	$3.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$14M
Other Non-Current Liabilities	$7M
TOTAL NON-CURRENT LIABILITIES	$3.1B
TOTAL LIABILITIES	$3.3B
Common Stock	$5M
Additional Paid-In Capital	$2.4B
Retained Earnings	-$132M
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.3B
Minority Interest	$0
TOTAL EQUITY	$2.3B
TOTAL LIABILITIES & EQUITY	$5.5B
Total Debt	$3.1B
Net Debt	$3.1B