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Statements of Condensed Consolidated Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net (loss) income $ (167,139) $ 190,691
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Deferred income tax benefit 127,860 37,889
Depreciation and depletion 357,526 391,113
Amortization of intangible assets 7,478 10,342
Impairment of long-lived assets and leases 102,620 29,534
Gain on Equitrans Share Exchange (187,223) 0
Loss (gain) on investment in Equitrans Midstream Corporation 390,628 (89,055)
Loss on debt extinguishment 16,610 0
Share-based compensation expense 4,684 3,853
Amortization, accretion and other 3,303 4,624
(Gain) loss on derivatives not designated as hedges (389,436) 131,996
Cash settlements received (paid) on derivatives not designated as hedges 245,736 (63,634)
Changes in other assets and liabilities:    
Accounts receivable 149,057 342,465
Accounts payable (85,840) (149,487)
Tax receivable (92,809) 1,006
Other items, net 17,207 29,950
Net cash provided by operating activities 500,262 871,287
Cash flows from investing activities:    
Capital expenditures (256,156) (371,028)
Cash received for Equitrans Share Exchange 52,323 0
Other investing activities 140 697
Net cash used in investing activities (203,693) (370,331)
Cash flows from financing activities:    
Proceeds from borrowings on credit facility 206,000 820,000
Repayment of borrowings on credit facility (500,000) (1,270,000)
Proceeds from issuance of debt 1,750,000 0
Debt issuance costs (15,662) 0
Repayments and retirements of debt (1,701,224) (1,141)
Premiums paid on debt extinguishment (13,660) 0
Dividends paid (7,664) (7,652)
Cash paid for taxes related to net settlement of share-based incentive awards (304) (4,804)
Net cash used in financing activities (282,514) (463,597)
Net change in cash and cash equivalents 14,055 37,359
Cash and cash equivalents at beginning of period 4,596 3,487
Cash and cash equivalents at end of period 18,651 40,846
Cash paid (received) during the period for:    
Interest, net of amount capitalized 29,628 13,749
Income taxes, net (1,950) 23
Non-cash activity during the period for:    
Increase in right-of-use lease assets and liabilities 303 89,021
Increase in asset retirement costs and obligations $ 3,761 $ 1,285