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Statements of Condensed Consolidated Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net (loss) income $ (430,214) $ 316,257
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Deferred income tax benefit 24,987 76,597
Depreciation and depletion 680,622 763,526
Amortization of intangible assets 14,955 20,684
Impairment of leases and loss on sale/exchange of long-lived assets 193,106 78,118
Gain on Equitrans Share Exchange (187,223) 0
(Gain) loss on investment in Equitrans Midstream Corporation 307,645 15,686
Loss on debt extinguishment 16,963 0
Share-based compensation expense 8,123 9,501
Amortization, accretion and other 12,614 12,408
Gain on derivatives not designated as hedges (415,862) (275,639)
Cash settlements received (paid) on derivatives not designated as hedges 561,129 (10,490)
Net premiums (paid) received on derivative instruments (53,473) 26,406
Changes in other assets and liabilities:    
Accounts receivable 206,322 467,055
Accounts payable (85,973) (253,463)
Tax receivable 96,920 4,186
Other items, net (3,520) 64,001
Net cash provided by operating activities 947,121 1,314,833
Cash flows from investing activities:    
Capital expenditures (512,095) (765,781)
Proceeds from sale of assets 110,937 0
Cash received for Equitrans Share Exchange 52,323 0
Other investing activities (135) 1,152
Net cash used in investing activities (348,970) (764,629)
Cash flows from financing activities:    
Proceeds from borrowings on credit facility 781,000 1,395,750
Repayment of borrowings on credit facility (1,037,000) (2,195,750)
Proceeds from issuance of debt 2,250,000 1,000,000
Debt issuance costs and Capped Call Transactions (See Note 6) (65,102) (913)
Repayments and retirements of debt (2,507,074) (702,298)
Premiums paid on debt extinguishment (13,635) 0
Dividends paid (7,664) (15,317)
Cash paid for taxes related to net settlement of share-based incentive awards (304) (4,993)
Net cash used in financing activities (599,779) (523,521)
Net change in cash and cash equivalents (1,628) 26,683
Cash and cash equivalents at beginning of period 4,596 3,487
Cash and cash equivalents at end of period 2,968 30,170
Non-cash activity during the period for:    
Increase in right-of-use lease assets and liabilities 1,697 89,021
Increase in asset retirement costs and obligations 6,596 2,456
Cash paid (received) during the period for:    
Interest, net of amount capitalized 74,596 109,713
Income taxes, net (191,598) (2,394)
Share-based Payment Arrangement, Amount Capitalized $ 1,611 $ 0