| Dec'19 | Dec'18 | Dec'17 | Dec'16 | |||
|---|---|---|---|---|---|---|
Revenue from Contract with Customer, Excluding Assessed Tax | ||||||
1,630,242 | 1,495,098 | 895,558 | 732,272 | |||
Operating expenses: | ||||||
Utilities Operating Expense, Maintenance, Operations, and Other Costs and Expenses | ||||||
165,367 | 163,451 | 84,831 | 69,255 | |||
Selling, General and Administrative Expense | ||||||
112,915 | 123,810 | 80,339 | 75,512 | |||
Business Combination, Acquisition Related Costs | ||||||
26,080 | 85,444 | 85,124 | 0 | |||
Depreciation | ||||||
227,364 | 175,821 | 96,674 | 62,691 | |||
Amortization of Intangible Assets | ||||||
53,300 | 41,500 | 5,540 | 0 | |||
Impairments of long-lived assets | ||||||
969,258 | 261,941 | 0 | 59,748 | |||
Impairment of goodwill | ||||||
- | - | - | 0 | |||
Total operating expenses | ||||||
1,554,242 | 852,014 | 352,508 | 267,206 | |||
Operating Income (Loss) | ||||||
76,000 | 643,084 | 543,050 | 465,066 | |||
Equity income | ||||||
163,279 | 61,778 | 22,171 | 9,898 | |||
Other income (e) | ||||||
2,661 | 5,011 | 4,439 | 27,113 | |||
Net interest expense | ||||||
-256,195 | -115,454 | -34,801 | -16,761 | |||
Income before income taxes | ||||||
-14,255 | 594,419 | 534,859 | 485,316 | |||
Income tax expense | ||||||
50,704 | 83,142 | 212,402 | 98,243 | |||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ||||||
-64,959 | 511,277 | 322,457 | 387,073 | |||
Net income attributable to noncontrolling interests | ||||||
138,784 | 292,879 | 349,613 | 321,920 | |||
Net income attributable to Equitrans Midstream | ||||||
-203,743 | 218,398 | -27,156 | 65,153 | |||
Earnings per share of common stock attributable to Equitrans Midstream - basic (in dollars per share) | ||||||
-0.80 | 0.86 | -0.11 | 0.26 | |||
Earnings per share of common stock attributable to Equitrans Midstream - diluted (in dollars per share) | ||||||
-0.80 | 0.86 | -0.11 | 0.26 | |||
(Loss) earnings per share of common stock attributable to Equitrans Midstream Corporation: | ||||||
Basic: | ||||||
Weighted average common stock outstanding - basic (in shares) | ||||||
254,884 | 254,432 | 254,432 | 254,432 | |||
Diluted: | ||||||
Weighted Average Number of Shares Outstanding, Diluted | ||||||
254,884 | 255,033 | 254,432 | 255,033 | |||
Statement of comprehensive income (loss): | ||||||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ||||||
-64,959 | 511,277 | 322,457 | 387,073 | |||
Other comprehensive income (loss), net of tax: | ||||||
Pension and other post-retirement benefits liability adjustment, net of tax expense of $10 and $8 | ||||||
517 | 1,509 | 0 | 0 | |||
Other comprehensive income (loss) | ||||||
-517 | -1,509 | 0 | 0 | |||
Comprehensive income | ||||||
-65,476 | 509,768 | 322,457 | 387,073 | |||
Less: Comprehensive income attributable to noncontrolling interests | ||||||
138,784 | 292,879 | 349,613 | 321,920 | |||
Comprehensive income attributable to Equitrans Midstream | ||||||
-204,260 | 216,889 | -27,156 | 65,153 | |||
Dividends declared per common share (in dollars per share) | ||||||
1.80 | 0.41 | 0.00 | - | |||