| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 |
|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ||||||||
189,560 | -333,516 | -61,489 | 130,480 | 199,566 | -118,040 | 185,966 | 219,607 | 223,744 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||
Depreciation, Depletion and Amortization | ||||||||
61,348 | 60,634 | 59,460 | 56,759 | 50,511 | 48,586 | 43,722 | 42,171 | 41,342 |
Amortization of Intangible Assets | ||||||||
14,581 | 14,623 | 14,540 | 13,750 | 10,387 | 10,340 | 10,387 | 10,387 | 10,386 |
Deferred income taxes | ||||||||
18,710 | 4,836 | 1,948 | 11,470 | 32,450 | 189,579 | -294 | -164,738 | 699 |
Impairments of long-lived assets | ||||||||
55,581 | - | 305,494 | 80,100 | 0 | - | - | - | - |
Income (Loss) from Equity Method Investments | ||||||||
54,072 | 50,986 | 44,448 | 36,782 | 31,063 | 25,942 | 16,087 | 10,938 | 8,811 |
Other income | ||||||||
4,306 | 1,850 | 1,015 | 854 | 1,997 | 1,985 | 1,448 | 1,072 | 1,065 |
Loss on early extinguishment of debt | ||||||||
-24,864 | - | - | - | 0 | - | - | - | - |
Share-based compensation plans | ||||||||
4,541 | 886 | -718 | 1,510 | 1,108 | 2,897 | 485 | 101 | 707 |
Changes in other assets and liabilities: | ||||||||
Accounts receivable | ||||||||
998 | 11,250 | -40,867 | 2,105 | 9,989 | 38,418 | -28,642 | 5,658 | 20,791 |
Accounts payable | ||||||||
6,067 | -17,932 | -23,462 | -1,080 | -47,827 | -181,923 | 12,958 | 26,248 | 52,215 |
Accrued interest | ||||||||
-28,793 | - | -32,495 | 32,220 | -38,828 | - | 32,878 | 1,722 | 498 |
Other assets and other liabilities | ||||||||
37,780 | 2,152 | -9,279 | -14,839 | 42,117 | 91,667 | 45,457 | -37,089 | 4,202 |
Net cash provided by operating activities | ||||||||
249,303 | 286,018 | 267,926 | 300,342 | 122,201 | 20,317 | 251,752 | 154,919 | 294,722 |
Cash flows from investing activities: | ||||||||
Payments to Acquire Property, Plant, and Equipment | ||||||||
152,392 | 197,432 | 287,359 | 273,612 | 208,966 | 241,523 | 241,413 | 212,357 | 170,589 |
Capital contributions to the MVP Joint Venture | ||||||||
45,150 | -512,852 | 211,677 | 156,412 | 144,763 | -434,747 | 263,244 | 65,786 | 117,019 |
Principal payments received on the Preferred Interest | ||||||||
1,225 | 1,190 | 1,173 | 1,157 | 1,141 | 1,125 | 1,109 | 1,093 | 1,079 |
Net cash used in investing activities | ||||||||
-196,317 | -457,983 | -486,469 | -1,277,492 | -352,588 | -718,846 | -503,548 | -277,050 | -286,529 |
Cash flows from financing activities: | ||||||||
Proceeds from revolving credit facility borrowings | ||||||||
1,170,000 | 515,000 | 840,000 | 445,000 | 684,000 | 922,500 | 133,500 | 2,086,500 | 304,000 |
Payments on revolving credit facility borrowings | ||||||||
350,000 | 170,000 | 1,655,000 | 440,000 | 230,500 | 303,000 | 371,500 | 2,468,500 | 128,000 |
Payment for retirement of long-term debt | ||||||||
594,000 | - | - | - | 0 | - | - | - | - |
Net (payments on) proceeds from EQGP's working capital loan with EQT | ||||||||
- | - | - | - | - | -200 | 173 | -94 | -47 |
Payments for credit facility amendment fees | ||||||||
2,740 | 1,500 | 1,500 | 29,825 | 1,500 | 0 | 0 | 0 | 0 |
Net distributions to EQT | ||||||||
- | - | - | - | - | -20,835 | 1,070,958 | 17,513 | 49,941 |
Distributions paid to noncontrolling interest unitholders | ||||||||
-96,526 | -668,194 | 96,526 | 283,338 | -94,030 | -660,190 | 98,794 | 91,849 | 88,896 |
Distributions paid to EQM Series A Preferred unitholders | ||||||||
25,501 | - | - | - | 0 | - | - | - | - |
Dividends paid | ||||||||
114,254 | 114,635 | 114,634 | 114,608 | 104,251 | 0 | 0 | 0 | 0 |
Cash Shares and Cash Amount (defined in Note 6) | ||||||||
52,323 | - | - | - | 0 | - | - | - | - |
Acquisition of 25% of Strike Force Midstream LLC | ||||||||
- | - | - | - | - | - | 0 | 175,000 | 0 |
Purchase of EQGP common units | ||||||||
0 | 0 | 0 | 0 | 238,455 | - | - | - | - |
Net cash (used in) provided by financing activities | ||||||||
-65,344 | 106,531 | 346,798 | 923,602 | 15,264 | 808,599 | -1,411,533 | 1,803,249 | 37,116 |
Net change in cash, restricted cash and cash equivalents | ||||||||
-12,358 | -65,434 | 128,255 | -53,548 | -215,123 | 110,070 | -1,663,329 | 1,681,118 | 45,309 |
Cash paid during the period for: | ||||||||
Interest, net of amount capitalized | ||||||||
94,343 | - | 95,715 | 29,072 | 98,470 | - | 9,082 | 20,041 | 13,532 |
Non-cash activity during the period for: | ||||||||
Contract liability | ||||||||
128,314 | - | - | - | 0 | - | - | - | - |
Settlement of transaction costs with EQT | ||||||||
- | - | - | - | - | - | 0 | 0 | 87,982 |
Net settlement of current income taxes payable with EQT | ||||||||
- | - | - | - | - | - | 0 | 0 | 54,033 |