EQT Corporation (EQT) financial statements (2020 and earlier)

Company profile

Business Address 625 LIBERTY AVENUE
PITTSBURGH, PA 15222
State of Incorp. PA
Fiscal Year End December 31
SIC 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments74431471,3901,6011,077846
Cash and cash equivalents831471,1041,6011,077846
Short-term investments736  286   
Restricted cash and investments   75   
Receivables6801,373725342177306236
Inventory, net of allowances, customer advances and progress billings     4
Inventory     4 
Deferred tax assets    22 
Other undisclosed current assets7159329122473495174
Total current assets:1,4951,9701,1631,8282,2511,9041,255
Noncurrent Assets
Operating lease, right-of-use asset59
Property, plant and equipment17,57017,39324,88513,16211,47210,0778,334
Long-term investments and receivables  461185  129
Long-term investments  461185  129
Intangible assets, net (including goodwill)33772,735   
Goodwill  1,999    
Intangible assets, net (excluding goodwill)3377736    
Restricted cash and investments   75   
Other noncurrent assets3262692792232538474
Other undisclosed noncurrent assets6771,013     
Total noncurrent assets:18,66518,75228,36013,64511,72510,1618,537
TOTAL ASSETS:20,16020,72129,52315,47313,97612,0659,792
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities7551,060655310292574369
Accounts payable7551,060655310292444330
Accrued liabilities     40 
Taxes payable     5239
Interest and dividends payable     37 
Debt357048 29916611
Other liabilities350255431237182200152
Other undisclosed current liabilities31033613925823(107)(9)
Total current liabilities:1,4502,3551,232805796833523
Noncurrent Liabilities
Long-term debt and lease obligation1,1603,9935,5633,2892,7932,8232,490
Long-term debt, excluding current maturities1,1603,9935,5633,2892,7932,8232,490
Liabilities, other than long-term debt8497927832,2602,3592,0351,914
Deferred tax liabilities, net  1,7601,9721,7511,656
Other liabilities849792783500387285258
Other undisclosed noncurrent liabilities5,8042,6233,530    
Total noncurrent liabilities:7,8137,4089,8765,5495,1524,8584,405
Total liabilities:9,2639,76311,1086,3545,9485,6924,928
Stockholders' equity
Stockholders' equity attributable to parent, including:3,07910,95813,3205,8605,0784,5834,035
Common stock   3,4402,1531,8961,870
Treasury stock, value(33)(49)(64)(91)(104)(429)(448)
Accumulated other comprehensive income (loss)(6)(5)(2)24619945
Retained earnings3,1173,1843,9972,5092,9822,9172,568
Other undisclosed stockholders' equity attributable to parent 7,8299,389    
Stockholders' equity attributable to noncontrolling interest  5,0953,2592,9501,790829
Other undisclosed stockholders' equity7,819      
Total stockholders' equity:10,89810,95818,4159,1198,0286,3734,864
TOTAL LIABILITIES AND EQUITY:20,16020,72129,52315,47313,97612,0659,792

Income statement (P&L) ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues4,3164,5583,3781,6082,3402,4701,862
Revenue, net3,3781,6082,3402,4701,862
Cost of revenue(1,297)(3,417)(2,094)(1,549)(1,405)(1,338)(1,004)
Cost of goods and services sold(2,435)(1,697)(560)(366)(275)(205)(149)
Gross profit:3,0191,1411,284609351,132858
Operating expenses(3,940)(3,924)(351)(346)(372)(312)(223)
Other undisclosed operating income   8 3420
Operating income (loss):(921)(2,783)933(278)563853655
Nonoperating income (expense)(108)(65)2532101010
Public utilities, allowance for funds used during construction, capitalized cost of equity     31
Other nonoperating income (expense)(108)(65)25321079
Interest and debt expense(144)(229)(215)(148)(147)(137)(143)
Income (loss) from continuing operations before equity method investments, income taxes:(1,174)(3,077)743(395)427727522
Income from equity method investments     38
Other undisclosed loss from continuing operations before income taxes(209)    (7)(9)
Income (loss) from continuing operations before income taxes:(1,383)(3,077)743(395)427724521
Income tax expense (benefit)2026971,116263(105)(214)(175)
Income (loss) from continuing operations:(1,181)(2,381)1,858(131)322510346
Income from discontinued operations 374   192
Other undisclosed income before gain (loss) on sale of properties374      
Net income (loss):(807)(2,007)1,858(131)322511438
Net income (loss) attributable to noncontrolling interest125(237)(350)(322)(237)(124)(47)
Net income (loss) available to common stockholders, diluted:(681)(2,245)1,509(453)85387391

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(807)(2,007)1,858(131)322511438
Other comprehensive income (loss)(3)(4)(5)(44)(153)155(55)
Comprehensive income (loss):(810)(2,011)1,854(175)169666383
Comprehensive income (loss), net of tax, attributable to noncontrolling interest125(237)(350)(322)(237)(124)47
Other undisclosed comprehensive loss, net of tax, attributable to parent      (94)
Comprehensive income (loss), net of tax, attributable to parent:(685)(2,248)1,504(497)(68)542336

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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