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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  847.8668.1602.9568.9558.0548.7541.2535.0
    Adjustments to reconcile net income to net cash from operating activities:          
        Depreciation  127.077.7  64.241.9  
        Amortization of intangible assets  31.220.8      
        Equity income  -42.6-32.5-26.7-22.2-19.2-15.8-12.6-9.9
        AFUDC – equity  -4.6-4.0-4.5-5.1-6.8-14.0-18.2-19.4
        Non-cash long-term compensation expense  1.6 0.6   0.5 
        Changes in other assets and liabilities:          
            Accounts receivable  -4.8-6.8-7.9-8.1-6.5-5.1-3.3-2.9
            Accounts payable  31.110.41.74.8-19.1-12.5-8.9-9.4
            Due to/from EQT affiliates  -15.8-10.6-3.73.232.7-5.3-5.2-34.1
            Other assets and other liabilities  27.211.36.28.313.64.611.94.2
                Net cash provided by operating activities  863.0600.0500.6 479.6319.7160.8 
   
Cash flows from investing activities:          
    Capital expenditures  -693.4-455.0-322.7-301.6-331.8-425.5-523.1-584.8
    Capital contributions to the MVP Joint Venture  -342.6-122.9-97.30.0-27.2-19.3-8.30.0
    May 2018 Acquisition from EQT   -1,236.7  -103.4-59.9  
    Principal payments received on the Preferred Interest  4.34.34.24.23.12.11.0 
        Net cash used in investing activities  -2,709.3-2,251.3-900.2-781.9-1,057.0-939.3-813.7-732.0
   
Cash flows from financing activities:          
    Proceeds from credit facility borrowings of EQM and RMP  2,524.02,184.5538.0 334.0320.0409.0 
    Payments on credit facility borrowings of EQM and RMP  -2,739.0-2,070.5-67.00.0409.0449.0311.00.0
    Proceeds from EQM's issuance of long-term debt   2,500.0      
    EQM debt discount and issuance costs  -34.2-32.6  -10.8  -8.6
    Net proceeds from / (payments on) the EQGP Working Capital Facility  0.1-0.1-0.10.0-0.1-0.10.0 
    Distributions paid to EQGP unitholders  -226.2-189.5-171.7 -153.8-97.9-47.1 
    Acquisition of 25% of Strike Force Midstream LLC   -175.0      
    Capital contributions   18.515.73.1  6.1 
    Net contributions from EQT   3.7      
        Net cash provided by (used in) financing activities  1,092.01,580.1-335.2-456.6-312.0-263.9-200.6-103.8
    Net change in cash and cash equivalents  -52.9630.2-33.5-57.66.7-71.642.4-300.5
Cash and cash equivalents at beginning of period  54.944.42.9   60.5 
Cash and cash equivalents at end of period  2.0674.5-30.62.967.1-11.1102.860.5
   
Cash paid during the period for:          
    Interest, net of amount capitalized  53.550.944.142.029.626.413.613.9
    Non-cash activity during the period for:          
        (Decrease) increase in capital contribution receivable from EQT  -11.8-12.3-10.1     

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