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STATEMENTS OF CONSOLIDATED CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities:      
Net (loss) income $ (2,007,158) $ 1,858,142 $ (131,063)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Deferred income taxes (benefit) (510,405) (1,050,612) (180,261)
Depreciation and depletion 1,729,739 1,077,559 927,920
Amortization of intangible assets 77,374 10,940 0
Amortization of financing costs and accretion expense 17,914 0 0
Asset and lease impairments and exploratory well costs 2,989,684 20,327 75,434
Goodwill impairment 798,689 0 0
Gain on sale of assets 0 0 (8,025)
Loss on debt extinguishment 0 12,641 0
Provision for (recoveries of) losses on accounts receivable 3,078 (979) 3,856
Non-cash other expense (income) 18,335 (24,955) (31,693)
Share-based compensation expense 25,189 94,592 44,605
Loss (gain) on derivatives not designated as hedges 178,591 (390,021) 248,991
Cash settlements (paid) received on derivatives not designated as hedges (225,279) 40,728 279,425
Pension settlement charge 0 0 9,403
Changes in other assets and liabilities:      
Accounts receivable (439,062) (8,979) (165,507)
Accounts payable 457,113 (16,680) 40,548
Tax receivable (117,188) (12,285) 34,880
Other items, net (20,358) 27,280 (84,193)
Net cash provided by operating activities 2,976,256 1,637,698 1,064,320
Cash flows from investing activities:      
Capital expenditures (2,964,924) (1,549,351) (942,810)
Cash payments for Rice Merger (as defined in Note 3), net of cash acquired 0 (1,560,272) 0
Capital expenditures for other acquisitions (34,113) (828,657) (1,061,735)
Capital expenditures from discontinued operations (732,727) (380,151) (584,819)
Net sales of trading securities 0 283,758  
Net investments in trading securities     (284,882)
Proceeds from sale of assets 583,381 3,573 75,000
Exploratory dry hole costs 0 (11,420) (1,369)
Capital contributions to Mountain Valley Pipeline, LLC, net of sales of interest (Note 2) (820,943) (159,550) (85,866)
Other investing activities (9,778) 0 0
Net cash used in investing activities (3,979,104) (4,202,070) (2,886,481)
Cash flows from financing activities:      
Net proceeds from the issuance of common shares of EQT Corporation 0 0 1,225,999
Net proceeds from the issuance of common units of EQM Midstream Partners, LP 0 0 217,102
Proceeds from issuance of debt 2,500,000 3,000,000 500,000
Increase in borrowings on credit facilities 8,637,500 2,063,000 740,000
Repayment of borrowings on credit facilities (8,953,500) (1,076,500) (1,039,000)
Dividends paid (31,375) (20,827) (20,156)
Distributions to noncontrolling interests (380,651) (236,123) (189,981)
Net cash transferred at Separation and Distribution (Note 2) (129,008) 0 0
Contribution to Strike Force Midstream LLC by minority owner, net of distribution 0 6,738 0
Acquisition of 25% of Strike Force Midstream LLC (175,000) 0 0
Repayments and retirements of debt (8,376) (2,000,000) (5,119)
Proceeds and excess tax benefits from awards under employee compensation plans 1,946 244 6,165
Cash paid for taxes related to net settlement of share-based incentive awards (22,647) (72,116) (26,931)
Debt issuance costs and revolving credit facility origination fees (40,966) (41,876) (8,580)
Premiums paid on debt extinguishment 0 (89,363) 0
Repurchase and retirement of common stock (538,876) 0 0
Repurchase of common stock (27) (30) (30)
Net cash provided by financing activities 859,020 1,533,147 1,399,469
Net change in cash and cash equivalents (143,828) (1,031,225) (422,692)
Cash, cash equivalents and restricted cash at beginning of year 147,315 1,178,540 1,601,232
Cash, cash equivalents and restricted cash at end of year 3,487 147,315 1,178,540
Cash paid (received) during the year for:      
Interest, net of amount capitalized 260,959 189,371 144,657
Income taxes, net $ (3,675) $ 3,637 $ (41,142)