XML 17 R5.htm IDEA: XBRL DOCUMENT v3.20.2
Statements of Condensed Consolidated Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net loss $ (1,030,854) $ (44,771)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Deferred income tax benefit (182,244) (10,407)
Depreciation and depletion 1,021,649 1,154,519
Amortization of intangible assets 22,433 28,439
Impairment of leases and intangible assets and loss on sale/exchange of long-lived assets 248,217 157,065
Gain on Equitrans Share Exchange (187,223) 0
Loss on investment in Equitrans Midstream Corporation 303,844 276,779
Loss on debt extinguishment 20,712 0
Share-based compensation expense 15,226 29,453
Amortization, accretion and other 25,236 19,385
Loss (gain) on derivatives not designated as hedges 11,320 (455,952)
Cash settlements received on derivatives not designated as hedges 813,218 152,149
Net premiums (paid) received on derivative instruments (53,473) 22,512
Changes in other assets and liabilities:    
Accounts receivable 139,713 508,306
Accounts payable (62,853) (286,453)
Tax receivable 248,101 3,784
Other items, net (221,445) 79,046
Net cash provided by operating activities 1,131,577 1,633,854
Cash flows from investing activities:    
Capital expenditures (788,384) (1,257,333)
Proceeds from sale of assets 113,236 0
Cash received for Equitrans Share Exchange 52,323 0
Other investing activities 117 1,123
Net cash used in investing activities (622,708) (1,256,210)
Cash flows from financing activities:    
Proceeds from borrowings on credit facility 1,772,750 2,261,250
Repayment of borrowings on credit facility (1,822,250) (2,900,250)
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 (2,609,785) (703,471)
Premiums paid on debt extinguishment (17,150) 0
Dividends paid (7,664) (22,985)
Cash paid for taxes related to net settlement of share-based incentive awards (596) (7,220)
Net cash used in financing activities (499,797) (373,589)
Net change in cash and cash equivalents 9,072 4,055
Cash and cash equivalents at beginning of period 4,596 3,487
Cash and cash equivalents at end of period 13,668 7,542
Cash paid (received) during the period for:    
Interest, net of amount capitalized 145,366 125,817
Income taxes, net (402,044) (1,480)
Non-cash activity during the period for:    
Increase in right-of-use lease assets and liabilities 3,130 112,141
Increase in asset retirement costs and obligations 9,674 3,610
Capitalization of non-cash equity share-based compensation $ 2,350 $ 0