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 investments | 744 | 3 | 147 | 1,390 | 1,601 | 1,077 | 846 | ||
| Cash and cash equivalents | 8 | 3 | 147 | 1,104 | 1,601 | 1,077 | 846 | ||
| Short-term investments | 736 | 286 | |||||||
| Restricted cash and investments | 75 | ||||||||
| Receivables | 680 | 1,373 | 725 | 342 | 177 | 306 | 236 | ||
| Inventory, net of allowances, customer advances and progress billings | 4 | ✕ | |||||||
| Inventory | 4 | ||||||||
| Deferred tax assets | ✕ | 22 | |||||||
| Other undisclosed current assets | 71 | 593 | 291 | 22 | 473 | 495 | 174 | ||
| Total current assets: | 1,495 | 1,970 | 1,163 | 1,828 | 2,251 | 1,904 | 1,255 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 59 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 17,570 | 17,393 | 24,885 | 13,162 | 11,472 | 10,077 | 8,334 | ||
| Long-term investments and receivables | 461 | 185 | 129 | ||||||
| Long-term investments | 461 | 185 | 129 | ||||||
| Intangible assets, net (including goodwill) | 33 | 77 | 2,735 | ✕ | |||||
| Goodwill | 1,999 | ||||||||
| Intangible assets, net (excluding goodwill) | 33 | 77 | 736 | ||||||
| Restricted cash and investments | 75 | ||||||||
| Other noncurrent assets | 326 | 269 | 279 | 223 | 253 | 84 | 74 | ||
| Other undisclosed noncurrent assets | 677 | 1,013 | |||||||
| Total noncurrent assets: | 18,665 | 18,752 | 28,360 | 13,645 | 11,725 | 10,161 | 8,537 | ||
| TOTAL ASSETS: | 20,160 | 20,721 | 29,523 | 15,473 | 13,976 | 12,065 | 9,792 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 755 | 1,060 | 655 | 310 | 292 | 574 | 369 | ||
| Accounts payable | 755 | 1,060 | 655 | 310 | 292 | 444 | 330 | ||
| Accrued liabilities | 40 | ||||||||
| Taxes payable | 52 | 39 | |||||||
| Interest and dividends payable | 37 | ||||||||
| Debt | 35 | 704 | 8 | 299 | 166 | 11 | |||
| Other liabilities | 350 | 255 | 431 | 237 | 182 | 200 | 152 | ||
| Other undisclosed current liabilities | 310 | 336 | 139 | 258 | 23 | (107) | (9) | ||
| Total current liabilities: | 1,450 | 2,355 | 1,232 | 805 | 796 | 833 | 523 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 1,160 | 3,993 | 5,563 | 3,289 | 2,793 | 2,823 | 2,490 | ||
| Long-term debt, excluding current maturities | 1,160 | 3,993 | 5,563 | 3,289 | 2,793 | 2,823 | 2,490 | ||
| Liabilities, other than long-term debt | 849 | 792 | 783 | 2,260 | 2,359 | 2,035 | 1,914 | ||
| Deferred tax liabilities, net | ✕ | 1,760 | 1,972 | 1,751 | 1,656 | ||||
| Other liabilities | 849 | 792 | 783 | 500 | 387 | 285 | 258 | ||
| Other undisclosed noncurrent liabilities | 5,804 | 2,623 | 3,530 | ||||||
| Total noncurrent liabilities: | 7,813 | 7,408 | 9,876 | 5,549 | 5,152 | 4,858 | 4,405 | ||
| Total liabilities: | 9,263 | 9,763 | 11,108 | 6,354 | 5,948 | 5,692 | 4,928 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | 3,079 | 10,958 | 13,320 | 5,860 | 5,078 | 4,583 | 4,035 | ||
| Common stock | 3,440 | 2,153 | 1,896 | 1,870 | |||||
| Treasury stock, value | (33) | (49) | (64) | (91) | (104) | (429) | (448) | ||
| Accumulated other comprehensive income (loss) | (6) | (5) | (2) | 2 | 46 | 199 | 45 | ||
| Retained earnings | 3,117 | 3,184 | 3,997 | 2,509 | 2,982 | 2,917 | 2,568 | ||
| Other undisclosed stockholders' equity attributable to parent | 7,829 | 9,389 | |||||||
| Stockholders' equity attributable to noncontrolling interest | 5,095 | 3,259 | 2,950 | 1,790 | 829 | ||||
| Other undisclosed stockholders' equity | 7,819 | ||||||||
| Total stockholders' equity: | 10,898 | 10,958 | 18,415 | 9,119 | 8,028 | 6,373 | 4,864 | ||
| TOTAL LIABILITIES AND EQUITY: | 20,160 | 20,721 | 29,523 | 15,473 | 13,976 | 12,065 | 9,792 | ||
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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 4,316 | 4,558 | 3,378 | 1,608 | 2,340 | 2,470 | 1,862 | |
| Revenue, net | ✕ | ✕ | 3,378 | 1,608 | 2,340 | 2,470 | 1,862 | |
| 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: | 3,019 | 1,141 | 1,284 | 60 | 935 | 1,132 | 858 | |
| Operating expenses | (3,940) | (3,924) | (351) | (346) | (372) | (312) | (223) | |
| Other undisclosed operating income | 8 | 34 | 20 | |||||
| Operating income (loss): | (921) | (2,783) | 933 | (278) | 563 | 853 | 655 | |
| Nonoperating income (expense) | (108) | (65) | 25 | 32 | 10 | 10 | 10 | |
| Public utilities, allowance for funds used during construction, capitalized cost of equity | 3 | 1 | ||||||
| Other nonoperating income (expense) | (108) | (65) | 25 | 32 | 10 | 7 | 9 | |
| 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) | 427 | 727 | 522 | |
| Income from equity method investments | 3 | 8 | ||||||
| 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) | 427 | 724 | 521 | |
| Income tax expense (benefit) | 202 | 697 | 1,116 | 263 | (105) | (214) | (175) | |
| Income (loss) from continuing operations: | (1,181) | (2,381) | 1,858 | (131) | 322 | 510 | 346 | |
| Income from discontinued operations | 374 | 1 | 92 | |||||
| Other undisclosed income before gain (loss) on sale of properties | 374 | |||||||
| Net income (loss): | (807) | (2,007) | 1,858 | (131) | 322 | 511 | 438 | |
| Net income (loss) attributable to noncontrolling interest | 125 | (237) | (350) | (322) | (237) | (124) | (47) | |
| Net income (loss) available to common stockholders, diluted: | (681) | (2,245) | 1,509 | (453) | 85 | 387 | 391 | |
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) | 322 | 511 | 438 | |
| Other comprehensive income (loss) | (3) | (4) | (5) | (44) | (153) | 155 | (55) | |
| Comprehensive income (loss): | (810) | (2,011) | 1,854 | (175) | 169 | 666 | 383 | |
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 125 | (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) | 542 | 336 | |
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.