| Dec'19 | Dec'18 | Dec'17 | Dec'16 | |||
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ||||||
-64,959 | 511,277 | 322,457 | 387,073 | |||
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||
Depreciation, Depletion and Amortization | ||||||
227,364 | 175,821 | 96,674 | 62,691 | |||
Amortization of Intangible Assets | ||||||
53,300 | 41,500 | 5,540 | 0 | |||
Impairment of long-lived assets | ||||||
969,258 | 261,941 | 0 | - | |||
Impairment of goodwill | ||||||
- | - | - | 0 | |||
Deferred income taxes | ||||||
50,704 | 25,246 | 158,369 | -17,576 | |||
Impairments of long-lived assets | ||||||
- | - | - | 59,748 | |||
Income (Loss) from Equity Method Investments | ||||||
163,279 | 61,778 | 22,171 | 9,898 | |||
Other income | ||||||
5,716 | 5,570 | 5,110 | 19,402 | |||
Share-based compensation plans | ||||||
2,786 | 4,190 | 468 | 373 | |||
Changes in other assets and liabilities: | ||||||
Accounts receivable | ||||||
-17,523 | 36,225 | 24,569 | 3,718 | |||
Accounts payable | ||||||
-90,301 | -90,502 | 130,347 | 87,099 | |||
Other assets and other liabilities | ||||||
20,151 | 104,237 | -7,736 | -3,115 | |||
Net cash provided by operating activities | ||||||
976,487 | 721,710 | 669,741 | 549,505 | |||
Cash flows from investing activities: | ||||||
Payments to Acquire Property, Plant, and Equipment | ||||||
967,369 | 865,882 | 380,151 | 584,819 | |||
Payments to Acquire Equity Method Investments | ||||||
774,593 | 913,195 | 159,550 | - | |||
Bolt-on Acquisition (defined in Note 2), net of cash acquired | ||||||
837,231 | 0 | 0 | - | |||
Capital contributions to the MVP Joint Venture | ||||||
0 | 11,302 | 0 | 98,399 | |||
(Purchases)/ Sales of interests in the MVP Joint Venture | ||||||
- | - | - | 12,533 | |||
Principal payments received on the Preferred Interest | ||||||
4,661 | 4,406 | 4,166 | 1,024 | |||
Net cash used in investing activities | ||||||
-2,574,532 | -1,785,973 | -535,535 | -669,661 | |||
Cash flows from financing activities: | ||||||
Proceeds from the issuance of EQM common units, net of offering costs | ||||||
- | - | - | 217,102 | |||
Proceeds from revolving credit facility borrowings | ||||||
2,484,000 | 3,446,500 | 544,000 | 740,000 | |||
Payments on revolving credit facility borrowings | ||||||
2,495,500 | 3,271,000 | 344,000 | 1,039,000 | |||
Net (payments on) proceeds from EQGP's working capital loan with EQT | ||||||
0 | -168 | 84 | 18 | |||
Proceeds from the issuance of Equitrans Midstream's long-term debt | ||||||
0 | 600,000 | 0 | 0 | |||
Payments for credit facility amendment fees | ||||||
34,325 | 0 | 0 | - | |||
Proceeds from issuance of EQM Series A Preferred Units, net of offering costs | ||||||
1,158,313 | 0 | 0 | - | |||
Net distributions to EQT | ||||||
0 | 1,117,577 | 1,009,501 | -203,926 | |||
Net contribution to Strike Force Midstream LLC by minority owner | ||||||
0 | 0 | 6,738 | 0 | |||
Distributions paid to noncontrolling interest unitholders | ||||||
-382,360 | -380,651 | -236,123 | -189,981 | |||
Distributions paid to EQM Series A Preferred unitholders | ||||||
48,480 | 0 | 0 | - | |||
Dividends paid | ||||||
448,128 | 0 | 0 | - | |||
Purchase of EQGP common units | ||||||
238,455 | 291,206 | 0 | - | |||
Debt discount, debt issuance costs and credit facility origination fees | ||||||
2,870 | 73,467 | 2,257 | 8,580 | |||
Net cash (used in) provided by financing activities | ||||||
1,392,195 | 1,237,431 | -1,041,059 | 423,485 | |||
Net change in cash, restricted cash and cash equivalents | ||||||
-205,850 | 173,168 | -906,853 | 303,329 | |||
Strike Force Midstream | ||||||
Acquisition of 25% of Strike Force Midstream LLC | ||||||
0 | 175,000 | 0 | 0 | |||
EQGP | ||||||
Acquisition of 25% of Strike Force Midstream LLC | ||||||
- | - | - | 0 | |||