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EQT GP Holdings, LP (EQGP)

Cash Flow Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsSep-30-18Jun-30-18Mar-31-18Dec-31-17Sep-30-17Jun-30-17Mar-31-17Dec-31-16
   10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K
Cash flows from operating activities:          
    Net income  322.1203.7176.0146.0142.4138.6142.0135.0
    Adjustments to reconcile net income to net cash from operating activities:          
        Depreciation  71.555.5  22.241.9  
        Amortization of intangible assets  10.420.8      
        Equity income  -16.1-10.9-8.8-6.8-6.0-5.1-4.3-3.8
        AFUDC – equity  -1.4-1.1-1.1-1.0-0.8-1.6-1.7-2.7
        Non-cash long-term compensation expense  1.0 0.6   0.5 
        Changes in other assets and liabilities:          
            Accounts receivable  1.51.4-0.7-7.0-0.50.4-1.0-5.4
            Accounts payable  20.210.7-2.73.0-0.62.00.4-21.0
            Due to/from EQT affiliates  -0.1-5.1-6.5-4.05.11.80.425.5
            Other assets and other liabilities  14.06.61.84.8-1.91.43.910.1
                Net cash provided by operating activities  422.9258.3181.8 159.9158.9160.8 
   
Cash flows from investing activities:          
    Capital expenditures  -313.5-218.9-84.0-77.0-75.2-86.5-62.9-107.2
    Capital contributions to the MVP Joint Venture  -263.2-65.8-117.0103.4-43.5-40.2-19.876.3
    May 2018 Acquisition from EQT   -1,193.2  -43.5-59.9  
    Principal payments received on the Preferred Interest  1.11.11.11.11.01.01.0 
        Net cash used in investing activities  -575.6-1,476.7-200.0-457.0-117.6-125.6-81.7-732.0
   
Cash flows from financing activities:          
    Proceeds from credit facility borrowings of EQM and RMP  523.51,746.5254.0 184.0100.050.0 
    Payments on credit facility borrowings of EQM and RMP  -787.5-2,063.5-117.0229.0-119.0-60.0-50.0638.0
    Proceeds from EQM's issuance of long-term debt   2,500.0      
    EQM debt discount and issuance costs  -4.0-30.3  -2.3  -8.6
    Net proceeds from / (payments on) the EQGP Working Capital Facility  0.2-0.10.00.10.0-0.10.1 
    Distributions paid to EQGP unitholders  -92.6-68.7-64.9 -55.9-50.8-47.1 
    Acquisition of 25% of Strike Force Midstream LLC   -175.0      
    Capital contributions   2.812.92.8  0.2 
    Net contributions from EQT   3.7      
        Net cash provided by (used in) financing activities  -536.21,852.024.6-248.5-48.1-63.3-96.8-103.8
    Net change in cash and cash equivalents  -688.9633.76.4-4.1-5.9-30.0-17.760.2
Cash and cash equivalents at beginning of period  10.541.52.9   60.5 
Cash and cash equivalents at end of period  -678.4675.29.3-4.1-5.9-30.042.860.2
   
Cash paid during the period for:          
    Interest, net of amount capitalized  12.718.411.610.910.111.69.4-1.5
    Non-cash activity during the period for:          
        (Decrease) increase in capital contribution receivable from EQT  0.5-2.2-10.1   0.8 

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