EQM Midstream Partners, LP Cashflow Statement

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Financial Statements

Income Statement Balance Sheet Cashflow Statement

Statements of consolidated cash flows

In millions of USD, except per-share amounts

	FY2019 12 months to Dec 31, 2019	FY2018 12 months to Dec 31, 2018	FY2017 12 months to Dec 31, 2017	FY2016 12 months to Dec 31, 2016	FY2015 12 months to Dec 31, 2015
Cash flows from operating activities:
Net income
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation
Amortization of intangible assets
Bolt-on Acquisition
Total amortization of intangible assets
Impairment of goodwill
Deferred income taxes
Impairment of long-lived assets
Equity income
AFUDC – equity
Non-cash long term compensation expense
Non-cash adjustments
Changes in other assets and liabilities:
Accounts receivable
Accounts payable
Due to/from EQT affiliates
Other assets and other liabilities

Net cash provided by operating activities
Cash flows from investing activities:
Capital expenditures
Bolt-on Acquisition (Note 2), net of cash acquired
Bolt-on Acquisition
Drop Down Transaction
Total bolt-on Acquisition (Note 2), net of cash acquired
Capital contributions to the MVP Joint Venture
Purchase of interests in the MVP Joint Venture
(Purchase)/sale of interests in the MVP Joint Venture
Preferred Interest Acquisition (as defined in Note 2)
Principal payments received on the Preferred Interest (Note 2)
Net cash used in investing activities
Cash flows from financing activities:
Proceeds from the issuance of EQM common units, net of offering costs
Sunrise Merger payment (as defined in Note 2)
October 2016 Acquisition - purchase price in excess of net assets from EQT (see Note 2)
Acquisition of AVC net assets from EQT (see Note 2)
Proceeds from credit facility borrowings
Payments on credit facility borrowings
Pay-down of long-term debt associated with Bolt-on Acquisition (Note 2)
Proceeds from the issuance of long-term debt
Net contributions from (distributions to) EQT
Proceeds from the issuance of Series A Preferred Units, net of offering costs
Net contributions from EQT
Acquisition of 25% of Strike Force Midstream LLC
Capital contributions
Distributions paid to unitholders
Distributions paid to holders of Series A Preferred Units
Distributions paid to noncontrolling interest
Debt discount, debt issuance costs and credit facility origination fees
Capital lease principal payments
Net cash provided by (used in) financing activities

Net change in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year
Cash paid during the year for:
Interest, net of amount capitalized
Non-cash activity during the year:
MVP Joint Venture investment/payable for capital contributions (see Note 6)
Limited partner and general partner units issued for acquisitions
Capital lease asset/obligation
Contingent consideration
Net settlement of current income taxes receivable with EQT
(Decrease) increase in capital contribution receivable from EQT
Elimination of net current and deferred tax liabilities
Asset adjustments prior to acquisition

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