EQT Corporation (EQT) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments18531471,3901,6011,077
Cash and cash equivalents18531471,1041,6011,077
Short-term investments    286  
Restricted cash and investments    75  
Receivables5679091,373725342177306
Inventory, net of allowances, customer advances and progress billings      4
Inventory      4
Contract with customer, asset394  
Deferred tax assets    22
Other undisclosed current assets23784159329122473495
Total current assets:1,2151,7551,9701,1631,8282,2511,904
Noncurrent Assets
Operating lease, right-of-use asset2252
Property, plant and equipment16,05416,15517,39324,88513,16211,47210,077
Long-term investments and receivables   461185  
Long-term investments   461185  
Intangible assets, net (including goodwill) 26772,735   
Goodwill   1,999   
Intangible assets, net (excluding goodwill) 2677736   
Restricted cash and investments    75  
Other noncurrent assets23019726927922325384
Other undisclosed noncurrent assets5926241,013    
Total noncurrent assets:16,89817,05418,75228,36013,64511,72510,161
TOTAL ASSETS:18,11318,80920,72129,52315,47313,97612,065
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities7057961,060655310292574
Accounts payable7057961,060655310292444
Accrued liabilities      40
Taxes payable      52
Interest and dividends payable      37
Debt154167048 299166
Other liabilities302221255431237182200
Other undisclosed current liabilities60131333613925823(107)
Total current liabilities:1,7621,3462,3551,232805796833
Noncurrent Liabilities
Long-term debt and lease obligation4,771 3,9935,5633,2892,7932,823
Long-term debt, excluding current maturities4,771 3,9935,5633,2892,7932,823
Liabilities, other than long-term debt2,3173,0267927832,2602,3592,035
Deferred tax liabilities, net  1,7601,9721,751
Deferred income tax liabilities1,3722,129
Other liabilities945897792783500387285
Other undisclosed noncurrent liabilities 4,6342,6233,530   
Total noncurrent liabilities:7,0887,6607,4089,8765,5495,1524,858
Total liabilities:8,8519,0069,76311,1086,3545,9485,692
Stockholders' equity
Stockholders' equity attributable to parent, including:9,2559,80410,95813,3205,8605,0784,583
Common stock    3,4402,1531,896
Treasury stock, value(29)(33)(49)(64)(91)(104)(429)
Accumulated other comprehensive income (loss)(5)(5)(5)(2)246199
Retained earnings1,0482,0233,1843,9972,5092,9822,917
Other undisclosed stockholders' equity attributable to parent8,2427,8187,8299,389   
Stockholders' equity attributable to noncontrolling interest7  5,0953,2592,9501,790
Total stockholders' equity:9,2639,80410,95818,4159,1198,0286,373
TOTAL LIABILITIES AND EQUITY:18,11318,80920,72129,52315,47313,97612,065

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues3,0594,4164,5583,3781,6082,3402,470
Revenue, net3,3781,6082,3402,470
Cost of revenue(3,756)(4,105)(3,417)(2,094)(1,549)(1,405)(1,338)
Cost of goods and services sold(1,711)(1,753)(1,697)(560)(366)(275)(205)
Gross profit:(697)3111,1411,284609351,132
Operating expenses(180)(1,464)(3,924)(351)(346)(372)(312)
Other operating expense, net(29)      
Other undisclosed operating income29   8 34
Operating income (loss):(878)(1,152)(2,783)933(278)563853
Nonoperating income (expense)36(246)(65)25321010
Investment income, nonoperating (337)     
Public utilities, allowance for funds used during construction, capitalized cost of equity      3
Other nonoperating income (expense)3691(65)2532107
Interest and debt expense(297)(200)(229)(215)(148)(147)(137)
Income (loss) from continuing operations before equity method investments, income taxes:(1,139)(1,597)(3,077)743(395)427727
Income from equity method investments      3
Other undisclosed loss from continuing operations before income taxes(127)     (7)
Income (loss) from continuing operations before income taxes:(1,266)(1,597)(3,077)743(395)427724
Income tax expense (benefit)2993766971,116263(105)(214)
Income (loss) from continuing operations:(967)(1,222)(2,381)1,858(131)322510
Income from discontinued operations  374   1
Net income (loss):(967)(1,222)(2,007)1,858(131)322511
Net income (loss) attributable to noncontrolling interest0 (237)(350)(322)(237)(124)
Net income (loss) available to common stockholders, diluted:(967)(1,222)(2,245)1,509(453)85387

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(967)(1,222)(2,007)1,858(131)322511
Other comprehensive income (loss)(0)0(4)(5)(44)(153)155
Comprehensive income (loss):(967)(1,221)(2,011)1,854(175)169666
Comprehensive income (loss), net of tax, attributable to noncontrolling interest0 (237)(350)(322)(237)(124)
Comprehensive income (loss), net of tax, attributable to parent:(967)(1,221)(2,248)1,504(497)(68)542

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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