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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 30,170 $ 3,487
Accounts receivable (less provision for doubtful accounts: $6,536 at June 30, 2019 and $8,648 at December 31, 2018) 639,020 1,241,843
Derivative instruments, at fair value 788,366 481,654
Tax receivable 127,387 131,573
Prepaid expenses and other 13,148 111,107
Total current assets 1,598,091 1,969,664
Property, plant and equipment 23,012,706 22,148,012
Less: accumulated depreciation and depletion 5,507,054 4,755,505
Net property, plant and equipment 17,505,652 17,392,507
Intangible assets, net 56,649 77,333
Investment in Equitrans Midstream Corporation 997,316 1,013,002
Other assets 321,639 268,838
Total assets 20,479,347 20,721,344
Current liabilities:    
Current portion of debt 4,830 704,390
Accounts payable 850,847 1,059,873
Derivative instruments, at fair value 378,834 336,051
Other current liabilities 298,777 254,687
Total current liabilities 1,533,288 2,355,001
Credit facility borrowings 0 800,000
Term loan borrowings 999,125 0
Senior Notes 3,886,249 3,882,932
Note payable to EQM Midstream Partners, LP 107,592 110,059
Deferred income taxes 1,897,455 1,823,381
Other liabilities and credits 807,163 791,742
Total liabilities 9,230,872 9,763,115
Shareholders’ equity:    
Common stock, no par value, authorized 320,000 shares, shares issued: 257,225 at September 30, 2018 and 267,871 at December 31, 2017 7,807,740 7,828,554
Treasury stock, shares at cost: 2,799 at September 30, 2018 (including 299 held in rabbi trust) and 3,551 at December 31, 2017 (including 253 held in rabbi trust) (39,310) (49,194)
Retained earnings 3,485,711 3,184,275
Accumulated other comprehensive loss (5,666) (5,406)
Total equity 11,248,475 10,958,229
Total liabilities and equity $ 20,479,347 $ 20,721,344