EQT CORPORATION EQT Cash Flow

Eqt corporation (EQT)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09
Cash flows from operating activities:
Net (loss) income
-167,139	-	-	-	190,691	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
-	-	-	-	-	-761,973	63,448	136,346	-1,444,979	1,379,335	105,457	122,645	250,705	-108,785	70,104	-180,807	88,425	-63,262	100,233	63,747	221,168	29,497	132,294	138,264	210,935	131,806	102,610	94,118	109,281	56,226	36,704	31,446	72,035	90,846	178,914	87,754	122,255	73,113	36,522	30,000	88,065	55,382	2,909	26,645	71,993
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Deferred income tax benefit
127,860	-264,656	-87,004	38,708	37,889	-7,552	-62,511	-101,608	-338,734	-1,172,316	-8,384	29,423	100,665	-34,522	19,855	-172,667	7,073	96,834	116,967	-164,855	-31,070	-70,280	47,724	-31,301	85,878	95,494	-48,383	28,905	34,347	49,712	-7,584	13,694	39,363	43,689	86,392	33,222	70,716	54,707	32,774	16,281	50,150	139,977	11,921	26,461	56,417
Depreciation and depletion
357,526	384,226	390,993	372,413	391,113	438,863	435,311	417,672	437,893	358,264	246,560	240,817	231,918	244,972	237,088	224,629	221,231	219,425	208,227	196,819	194,745	194,390	175,578	157,219	152,111	183,229	175,648	168,577	149,116	144,301	131,611	115,681	107,525	91,670	87,343	81,886	78,398	74,641	68,548	65,217	61,879	55,595	49,706	46,188	44,589
Amortization of intangible assets
7,478	7,477	7,755	10,342	10,342	15,189	20,728	20,729	20,728	10,940	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of long-lived assets and leases
102,620	-	78,947	48,584	29,534	-	271,455	137,643	2,332,924	-	952	2,264	1,837	-	1,435	2,231	1,832	-	6,576	9,433	18,995	-	2,210	6,244	275	2,066	3,999	5,153	2,980	4,384	64	403	692	-	-	-	-	-	-	-	-	-	-	-	-
Gain on Equitrans Share Exchange
187,223	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss (gain) on investment in Equitrans Midstream Corporation
-390,628	-	-261,093	-104,741	89,055	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of financing costs and accretion expense
-	-	-	-	-	-	-	-	2,872	-	0	-1,806	1,806	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on debt extinguishment
-16,610	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity in earnings of nonconsolidated investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,358	-	-	-	2,527	-	1,950	1,610	1,122
Share-based compensation expense
4,684	1,780	19,952	5,648	3,853	2,052	8,589	8,656	5,892	66,698	6,597	6,532	14,765	10,054	10,674	11,100	12,777	17,007	13,193	12,988	15,441	9,051	12,262	9,493	11,317	15,510	9,628	17,146	10,334	11,478	11,517	8,979	8,256	4,962	4,250	6,870	3,998	3,814	3,538	3,508	3,244	1,560	1,655	1,618	1,935
Gain on dispositions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	180,143	0	22,785	-	-	-	-	-	-	-	-
Provision for (recoveries of) losses on accounts receivable
-	-	-	-	-	-	-	-	-	-	-268	645	-1,607	2,691	613	452	100	359	-614	-1,124	-524	-1,665	834	-767	1,686	1,971	-1,260	284	1,962	1,952	-549	-2,834	196	1,757	-1,880	-1,013	2,717	2,217	-1,144	61	4,000	847	-1,103	-2,147	1,140
Amortization, accretion and other
-3,303	-	-	-	-4,624	-	-	-	10,723	10,054	6,526	6,306	3,048	8,494	10,715	7,644	4,840	3,677	2,648	2,689	939	719	1,004	2,579	2,551	2,662	2,405	2,111	2,330	2,124	2,801	5,249	5,791	6,190	3,098	20,404	4,446	4,347	2,924	5,100	527	6,786	511	698	590
Gain recognized in operating revenues for hedging ineffectiveness
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,699	34,348	987	-22,260	-16,817	3,436	-7,473	-481	3,065	-2,022	4,366	-5,484	-2,408	1,221	3,580	-896	-	-	-	-	-	-	-	-
(Gain) loss on derivatives not designated as hedges
389,436	160,682	180,313	407,635	-131,996	-184,211	-3,075	-53,897	62,592	167,328	35,625	46,326	140,742	-216,649	93,356	-234,693	108,995	176,648	161,263	4,259	43,592	97,000	1,821	-8,525	-9,354	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash settlements received (paid) on derivatives not designated as hedges
245,736	94,490	162,639	53,144	-63,634	-197,878	-14,285	25,513	-38,629	47,565	13,321	-11,191	-8,967	56,909	27,287	86,097	109,132	101,219	32,099	31,033	7,742	43,471	1,604	465	-11,301	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in other assets and liabilities:
Accounts receivable
-149,057	75,983	-41,251	-124,590	-342,465	431,349	54,454	15,682	-62,423	73,036	-32,044	32,361	-64,374	153,986	17,658	21,203	-27,340	30,087	-3,775	-87,801	-69,542	104,811	-34,862	-94,839	95,282	82,644	-48,919	2,268	8,825	99,234	21,920	-36,539	-36,251	52,635	-7,808	-44,571	-14,573	96,513	-19,503	-76,054	5,374	109,794	-27,250	-97,586	-51,285
Dividend from Nora Gathering, LLC
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-2,463	-7,000	-	-	-	-	-	-	-	-	0	-5,000	-3,500	-15,000	-	-	-	-	-	-	-	-
Excess tax benefits on stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,624	95	7,484	21,013	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	127
Inventory
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,938	13,837	-37,789	-7,296	15,023	4,624	-55,628	-650	27,891	38,887	-67,245	-29,515	23,329	31,008	-69,926	-12,697	38,227	42,389	-141,100
(Increase) decrease in margin deposits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,372	1,253
Accounts payable
-85,840	47,779	-32,990	-103,976	-149,487	251,753	223,728	-18,675	307	-1,234	-21,205	20,984	-15,225	53,464	2,679	22,960	-38,555	46,639	-20,872	-24,064	-39,326	45,551	-36,926	-55,818	77,543	14,912	19,083	20	-18,025	30,625	44,273	1,695	-55,969	4,727	64,611	14,032	-41,108	20,549	-3,875	8,627	-62,154	105,461	-31,512	-23,743	-157,951
Capital expenditures from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	611,787	514,566	479,954	416,732	417,779	485,323	292,667	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax receivable
92,809	-	-	-	-1,006	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	2,679	-124,142	-	-	-	-
Derivative instruments, at fair value
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14,429	-3,516	-1,619	-4,852	-1,955	-7,750	-41,953
Other items, net
17,207	-89,662	14,643	38,237	29,950	35,568	26,951	-19,907	-62,970	-29,368	69,455	-31,143	18,336	-79,122	26,289	-757	-30,603	-36,556	-51,910	19,685	40,934	-5,058	12,491	12,330	27,649	70,095	33,342	-9,377	-17,855	-63,225	51,411	-11,026	-41,546	-36,418	-35,666	-28,261	62,587	18,007	-34,808	-33,340	57,030	139,697	-63,566	-117,639	36,723
Net cash provided by operating activities
500,262	217,850	319,021	443,546	871,287	530,866	904,266	636,712	904,412	426,326	402,378	294,177	514,817	296,621	274,295	208,487	284,917	316,722	244,191	202,911	453,116	272,797	376,525	289,559	475,861	194,753	371,148	297,705	299,255	126,852	251,531	196,315	222,124	168,185	255,751	238,570	242,514	168,693	144,468	201,166	275,413	172,756	84,540	255,799	212,646
Capital expenditures
256,156	345,121	491,552	394,753	371,028	773,366	915,213	751,720	558,738	406,186	472,409	369,057	311,399	-250,511	371,583	423,947	397,791	534,680	578,336	693,302	627,700	-	-	-	-	-	-	-	-	-1,023,503	361,183	392,733	269,587	-	347,646	281,483	263,428	383,921	340,151	305,333	217,527	327,842	196,718	231,633	207,715
Cash received for Equitrans Share Exchange
52,323	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital expenditures for other acquisitions
-	-	-	-	-	-	-	-	-	-	7,750	141,728	669,479	649,387	412,348	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Sales of investments in trading securities
-	-	-	-	-	-	-	-	-	-	0	0	283,758	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital expenditures for discontinued operations
-	-	-	-	-	108,368	241,413	212,357	170,589	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,764	9,710	9,558	5,605	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net proceeds from the issuance of common shares of EQT Corporation
-	-	-	-	-	-	-	-	-	-	-	-	-	0	-7	795,586	430,420	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-33	0	9,504	527,735	-	-	-	0
Sales of interests in Mountain Valley Pipeline, LLC
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	12,533	1,379	8,344	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restricted cash, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	1,096	1,355	2,391	0	389,474	0	230,525	-	-	-	-	-	-	-	-
Capital contributions to Mountain Valley Pipeline, LLC
-	-	-	-	-	-	263,244	65,786	117,019	-	43,508	40,180	19,760	9,569	35,634	29,233	11,430	0	38,297	-8,344	54,229	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other investing activities
-140	-189	29	-455	-697	2,502	745	3,441	3,090	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital contributions to Nora Gathering LLC
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-111	2,011	4,500
Proceeds from sale of available-for-sale securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	15,919	14,028	-	-	-	-	-	-	-	-
Net cash used in investing activities
-203,693	-344,932	-491,581	-394,298	-370,331	-1,259,644	-957,222	-912,802	-849,436	-2,410,558	-523,667	-550,965	-716,880	-1,217,048	-809,565	-463,180	-396,688	-550,431	-608,289	-684,958	-681,929	-343,537	-613,599	-1,007,122	-479,954	220,867	-427,489	-494,881	-298,272	-351,837	-360,087	-391,378	-267,196	-371,479	41,828	-265,564	-18,875	-375,668	-340,151	-305,333	-218,277	-340,054	-196,607	-233,644	-215,215
Cash flows from financing activities:
Repayment of borrowings on credit facilities
-	-	-	-	-	-	-	-	958,500	-	229,000	0	0	-	-	-	-	-	-	-	-	0	330,000	120,000	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from borrowings on credit facility
206,000	-	-	-	820,000	-	-	-	304,000	-	-	-	-	-	170,000	189,000	71,000	-	127,500	44,000	390,000	0	0	340,000	110,000	-	-	-	-	-	-	-	-	0	0	0	-53,650	53,650	0	0	-5,000	5,000	0	-350,967	31,050
Repayment of borrowings on credit facility
500,000	-	-	-	1,270,000	-	-	-	128,000	-	-	-	-	-	79,000	198,000	361,000	-	89,500	31,000	91,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment in available-for-sale securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	750	0	0	0	3,000
Net proceeds from the issuance of common units of EQM Midstream Partners, LP
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	423,190	62,230	-99	696,681	0	16	902,451	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of debt
1,750,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase in borrowings on credit facilities
-	-	-	-	-	-	-	-	913,500	-	334,000	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt issuance costs
15,662	0	0	913	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	74	7,615	100	4,975	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments and retirements of debt
1,701,224	1,190	1,173	701,157	1,141	377	0	0	7,999	2,000,000	0	0	0	-	-	-	-	160,000	1	5,910	3,093	5,000	2,993	0	3,169	0	3,043	0	20,161	200,000	9,783	0	9,532	-	-	-	-	-	-	-	-	-	-	-	-
Premiums paid on debt extinguishment
13,660	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends paid
7,664	7,670	7,668	7,665	7,652	7,639	7,838	7,956	7,942	5,207	5,207	5,207	5,206	5,190	5,190	5,190	4,586	4,585	4,584	4,579	4,562	4,554	4,552	4,559	4,542	4,529	4,527	4,522	4,516	32,963	32,953	32,949	32,938	32,916	32,914	32,909	32,886	32,854	32,849	32,771	28,818	28,851	28,842	28,842	28,833
Proceeds and excess tax benefits from awards under employee compensation plans
-	-	-	-	-	0	0	0	1,946	244	0	0	0	-	-	-	-	1,769	7,517	18,121	9,558	10,192	139	11,205	30,837	22,274	7,476	8,392	6,995	6,040	332	0	1,499	287	479	500	1,525	-193	298	9	1,973	945	68	0	225
Cash paid for taxes related to net settlement of share-based incentive awards
304	4	2,227	189	4,804	737	1,427	474	20,009	54,086	457	320	17,253	414	322	177	26,018	521	1,636	5,019	39,837	2,249	187	1,363	47,463	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchase of common stock
-	-	-	-	-	0	9	9	9	15	0	8	7	7	6	7	10	0	0	3,375	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions to noncontrolling interests
-	-	-	-	-	101,112	98,794	91,849	88,896	63,625	60,504	57,358	54,636	52,262	49,808	45,131	42,780	36,541	32,546	29,827	22,845	21,664	20,481	13,242	12,432	11,621	10,810	5,319	5,031	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefits from share-based payment arrangements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	127
Net cash used in financing activities
-282,514	124,136	149,932	-59,924	-463,597	727,410	-640,221	763,740	8,091	1,647,989	32,503	-70,243	-77,102	341,553	35,667	955,223	67,026	172,266	68,616	656,686	934,902	-23,349	134,327	1,082,024	68,256	6,124	463,538	53,551	-22,713	-231,954	232,512	-35,107	-40,971	699,633	-41,892	-32,409	-85,011	9,608	-32,551	-23,258	495,890	-25,206	-30,774	313,190	2,569
Net change in cash and cash equivalents
14,055	-2,946	-22,628	-10,676	37,359	-1,368	-693,177	487,650	63,067	-336,243	-88,786	-327,031	-279,165	-578,874	-499,603	700,530	-44,745	-61,443	-295,482	174,639	706,089	-94,089	-102,747	364,461	64,163	421,744	407,197	-143,625	-21,730	-456,939	123,956	-230,170	-86,043	496,339	255,687	-59,403	138,628	-	-228,234	-127,425	553,026	-	-142,841	335,345	0
Cash paid (received) during the period for:
Interest, net of amount capitalized
29,628	-	16,104	95,964	13,749	-	18,354	117,815	27,519	-	24,064	71,709	17,845	56,376	14,518	57,235	16,528	59,889	13,560	59,941	14,160	59,869	6,179	58,524	3,995	59,527	8,379	64,835	10,446	94,012	12,343	68,485	13,044	52,552	12,231	53,912	10,791	47,201	12,489	55,452	12,762	56,807	11,954	26,584	12,130
Income taxes, net
-1,950	-	914	-2,417	23	-	37	165	-9	-	0	9,789	-87	-42,436	0	620	674	-5,279	24,567	76,530	-110	76,960	38,808	85,050	4,000	87,034	51,608	21,400	3,661	10,412	4,000	10,979	2,214	11,614	33,123	2,476	29	-5,371	142	-124	-124,142	-16,845	88	-107,298	3,981
Non-cash activity during the period for:
Increase in right-of-use lease assets and liabilities
303	-	23,120	0	89,021	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase in asset retirement costs and obligations
3,761	-	1,154	1,171	1,285	-	1,715	2,538	1,856	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase in Mountain Valley Pipeline, LLC investment/payable for capital contributions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-