EQT Corp., adjusted current assets

US$ in thousands

	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
As Reported
Current assets	2,286,766)	1,215,450)	1,754,855)	1,969,664)	1,163,055)
Adjustments
Add: Provision for doubtful accounts	321)	6,239)	6,861)	8,648)	7,780)
After Adjustment
Adjusted current assets	2,287,087)	1,221,689)	1,761,716)	1,978,312)	1,170,835)

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EQT Corp., adjusted total assets

US$ in thousands

	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
As Reported
Total assets	21,607,388)	18,113,469)	18,809,227)	20,721,344)	29,522,604)
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)¹	—)	—)	—)	100,755)	195,930)
Add: Provision for doubtful accounts	321)	6,239)	6,861)	8,648)	7,780)
After Adjustment
Adjusted total assets	21,607,709)	18,119,708)	18,816,088)	20,830,747)	29,726,314)

¹ Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »

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EQT Corp., adjusted total liabilities

US$ in thousands

	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
As Reported
Total liabilities	11,561,625)	8,850,739)	9,005,639)	9,763,115)	11,107,991)
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	100,755)	195,930)
Less: Deferred tax liabilities²	938,612)	1,371,967)	1,485,814)	1,823,381)	1,889,962)
After Adjustment
Adjusted total liabilities	10,623,013)	7,478,772)	7,519,825)	8,040,489)	9,413,959)

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Deferred tax liabilities. See details »

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EQT Corp., adjusted common shareholders’ equity

US$ in thousands

	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
As Reported
Common shareholders’ equity	10,029,527)	9,255,240)	9,803,588)	10,958,229)	13,319,618)
Adjustments
Less: Net deferred tax asset (liability)¹	(938,612)	(1,371,967)	(1,485,814)	(1,823,381)	(1,889,962)
Add: Provision for doubtful accounts	321)	6,239)	6,861)	8,648)	7,780)
Add: Noncontrolling interest in consolidated subsidiaries	16,236)	7,490)	—)	—)	5,094,995)
After Adjustment
Adjusted total equity	10,984,696)	10,640,936)	11,296,263)	12,790,258)	20,312,355)

¹ Net deferred tax asset (liability). See details »

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EQT Corp., adjusted capitalization table

US$ in thousands

	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
As Reported
Current portion of debt	954,900)	154,161)	16,204)	704,390)	12,406)
Credit facility borrowings	—)	300,000)	294,000)	800,000)	1,295,000)
Term Loan Facility borrowings	—)	—)	999,353)	—)	—)
Senior notes	4,435,782)	4,371,467)	3,878,366)	3,882,932)	4,575,203)
Note payable to EQM Midstream Partners, LP	94,320)	99,838)	105,056)	110,059)	114,720)
Total reported debt	5,485,002)	4,925,466)	5,292,979)	5,497,381)	5,997,329)
Common shareholders’ equity	10,029,527)	9,255,240)	9,803,588)	10,958,229)	13,319,618)
Total reported capital	15,514,529)	14,180,706)	15,096,567)	16,455,610)	19,316,947)
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	100,755)	195,930)
Add: Current portion of lease liabilities²	27,972)	25,004)	29,036)	—)	—)
Add: Noncurrent portions of lease liabilities (recorded in Other liabilities and credits)³	24,740)	24,909)	29,949)	—)	—)
Adjusted total debt	5,537,714)	4,975,379)	5,351,964)	5,598,136)	6,193,259)
Adjustments to Equity
Less: Net deferred tax asset (liability)⁴	(938,612)	(1,371,967)	(1,485,814)	(1,823,381)	(1,889,962)
Add: Provision for doubtful accounts	321)	6,239)	6,861)	8,648)	7,780)
Add: Noncontrolling interest in consolidated subsidiaries	16,236)	7,490)	—)	—)	5,094,995)
Adjusted total equity	10,984,696)	10,640,936)	11,296,263)	12,790,258)	20,312,355)
After Adjustment
Adjusted total capital	16,522,410)	15,616,315)	16,648,227)	18,388,394)	26,505,614)

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Current portion of lease liabilities. See details »

³ Noncurrent portions of lease liabilities (recorded in Other liabilities and credits). See details »

⁴ Net deferred tax asset (liability). See details »

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EQT Corp., adjusted net income (loss) attributable to EQT Corporation

US$ in thousands

12 months ended:	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
As Reported
Net income (loss) attributable to EQT Corporation	(1,155,759)	(967,166)	(1,221,695)	(2,244,568)	1,508,529)
Adjustments
Add: Deferred income tax expense (benefit)¹	(433,608)	(155,840)	(275,063)	(137,000)	(1,094,083)
Add: Increase (decrease) in provision for doubtful accounts	(5,918)	(622)	(1,787)	868)	—)
Less: Income from discontinued operations, net of tax	—)	—)	—)	373,762)	471,113)
Add: Other comprehensive income (loss), net of tax	744)	(156)	207)	(3,851)	(4,500)
Add: Comprehensive income (loss), net of tax, attributable to noncontrolling interest	1,246)	(10)	—)	237,410)	349,613)
After Adjustment
Adjusted net income (loss)	(1,593,295)	(1,123,794)	(1,498,338)	(2,520,903)	288,446)

¹ Deferred income tax expense (benefit). See details »

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EQT Corp. (NYSE:EQT)

Adjustments to Financial Statements