Eqm midstream partners, lp (EQM)
Balance Sheet / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Dec'11
ASSETS
Current assets:
Cash and cash equivalents

14

15

81

16

23

17

4

684

34

54

5

11

42

60

0

84

0

360

1

1

150

126

155

25

24

18

31

24

26

50

28

0

-

Accounts receivable (net of allowance for credit losses of $3,047 and allowance for doubtful accounts of $285 as of March 31, 2020 and December 31, 2019, respectively) (a)(b)

249

254

242

274

259

254

58

47

55

219

21

21

21

20

14

15

17

17

13

13

16

16

12

12

14

8

4

3

4

3

3

3

5

Accounts receivable affiliate

-

-

-

-

-

-

167

119

100

-

88

85

81

81

73

74

81

80

68

61

59

55

30

16

9

28

12

12

12

11

10

8

9

Due from related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5

-

-

-

-

-

-

-

-

-

-

-

4

0

1

10

1

7

40

Other current assets

39

25

21

21

13

14

9

14

17

14

8

6

5

9

2

2

2

2

4

0

12

1

0

0

1

1

0

1

0

0

0

1

1

Total current assets

302

294

345

313

296

286

239

864

208

288

123

124

151

172

95

176

102

461

86

77

238

199

199

55

49

56

52

42

44

76

44

21

56

Property, plant and equipment

8,561

8,572

8,431

8,158

6,639

6,367

6,127

4,363

4,202

5,516

3,120

3,049

2,966

2,894

2,732

2,564

2,362

2,362

2,110

2,007

1,876

1,821

1,333

1,255

1,028

1,453

857

828

806

800

779

734

608

Less: accumulated depreciation

821

857

822

783

643

560

518

440

423

405

375

353

334

316

303

288

274

264

246

235

226

216

192

184

164

176

156

161

154

143

141

137

137

Net property, plant and equipment

7,740

7,715

7,608

7,375

5,995

5,806

5,608

3,922

3,779

5,110

2,745

2,696

2,632

2,578

2,429

2,276

2,088

2,097

1,863

1,772

1,649

1,605

1,141

1,071

863

1,277

700

667

651

657

637

597

470

Investment in unconsolidated entity

2,465

2,324

2,227

2,066

1,673

1,510

1,300

1,003

546

460

339

260

237

184

284

260

215

77

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Goodwill

486

486

962

1,237

1,123

1,123

1,384

37

37

1,384

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net intangible assets

765

797

812

868

565

576

586

596

607

617

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Notes receivable from Equitrans Midstream (c)

845

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted cash

-

-

-

-

50

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Preferred Interest in EES

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

124

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

251

196

198

201

183

152

146

137

135

136

138

137

139

140

19

19

14

72

140

141

-

18

-

3

4

17

1

1

1

1

2

4

0

Equity in nonconsolidated investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

77

46

45

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

17

-

17

15

16

-

19

16

17

18

18

18

18

Total assets

12,858

11,815

12,154

12,063

9,888

9,456

9,266

6,562

5,314

7,998

3,347

3,219

3,160

3,075

2,829

2,733

2,420

2,833

2,168

2,037

1,951

1,822

1,358

1,145

934

1,351

773

727

714

753

702

641

546

LIABILITIES AND EQUITY
Current liabilities:
Accounts payable

103

126

172

179

143

207

134

84

71

139

37

42

43

35

71

71

46

42

33

40

21

43

28

14

8

20

15

6

5

25

8

8

20

Due to Equitrans Midstream

30

39

27

76

65

44

39

41

23

0

28

23

18

19

0

26

20

47

17

34

30

33

10

11

9

22

-

3

8

1

1

34

68

Capital contributions payable to the MVP Joint Venture

87

45

261

356

156

169

463

445

65

105

48

18

40

11

13

27

13

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Sunrise Merger consideration payable to EQT

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

110

-

-

-

-

-

-

-

Accrued interest

44

73

41

73

41

80

46

12

11

11

10

10

11

12

3

8

3

8

3

8

3

8

-

-

-

0

-

-

-

-

-

-

-

Income taxes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

21

17

Lease obligation - current

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3

-

1

2

-

-

11

10

-

9

7

-

Accrued liabilities

31

31

34

38

20

20

16

25

15

20

12

13

9

8

16

18

16

6

6

6

4

9

25

17

5

5

11

11

4

8

14

6

11

Total current liabilities

297

315

536

724

426

522

700

609

188

276

137

148

123

86

196

151

108

404

411

401

358

94

64

374

136

158

26

32

28

35

32

78

117

Credit facility borrowings

1,722

902

557

1,372

1,082

625

22

0

317

466

105

40

-

0

91

0

9

299

350

312

299

0

-

330

110

-

-

-

-

-

-

-

-

Long-term debt

4,860

4,859

4,858

3,459

3,457

3,456

3,455

3,453

987

987

986

986

986

985

493

493

493

493

493

493

492

492

492

-

-

0

-

-

-

-

-

-

135

Contract liability

247

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

84

0

0

0

78

0

-

-

98

-

-

-

40

-

-

-

Deferred income taxes and investment tax credits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

122

112

Lease obligation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

201

190

184

-

162

148

144

143

141

135

134

133

-

205

201

-

203

188

-

Regulatory and other long-term liabilities

78

78

79

81

67

38

31

21

20

29

9

9

10

9

8

9

8

7

7

6

7

7

7

5

6

6

2

2

2

4

5

5

7

Total liabilities

7,205

6,156

6,031

5,637

5,034

4,642

4,208

4,085

1,513

1,759

1,239

1,144

1,120

1,082

900

844

796

990

1,074

1,049

1,004

816

705

515

276

396

29

239

232

80

208

316

372

Equity:
Series A Preferred Units (24,605,291 units issued and outstanding at each of March 31, 2020 and December 31, 2019)

1,183

1,183

1,183

1,181

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Subordinated units (17,339,718 units issued and outstanding at December 31, 2014)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-929

-939

-945

-171

-175

-91

155

153

153

144

-

-

General partner units (0 and 1,443,015 units issued and outstanding at December 31, 2019 and 2018, respectively)

-

-

0

0

0

29

31

28

5

1

-2

-6

-11

-14

-19

-23

-27

-30

-35

-38

-41

-27

-29

-31

2

1

6

14

13

8

9

-

-

Predecessor equity

-

-

-

-

-

-

0

0

1,422

3,916

-

-

-

0

-

-

-

275

0

0

0

315

0

-

-

310

-

-

-

197

-

-

173

Noncontrolling interest

460

457

452

490

-

0

0

0

175

173

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total equity

5,652

5,658

6,122

6,426

4,854

4,813

5,057

2,477

3,800

6,238

2,108

2,075

2,040

1,993

1,928

1,888

1,624

1,843

1,093

987

947

1,006

653

629

657

955

744

488

482

672

460

246

173

Total liabilities and equity

12,858

11,815

12,154

12,063

9,888

9,456

9,266

6,562

5,314

7,998

3,347

3,219

3,160

3,075

2,829

2,733

2,420

2,833

2,168

2,037

1,951

1,822

1,358

1,145

934

1,351

773

727

714

753

702

641

546

Common Units
Common and Class B

4,003

4,020

4,481

4,748

4,852

4,783

5,026

2,448

2,198

2,147

2,111

2,082

2,051

2,008

1,948

1,911

1,651

1,598

1,129

1,026

988

1,647

1,622

1,607

826

818

830

318

315

313

306

-

-

Class B Units
Common and Class B

4

-2

5

6

1

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-