Balance Sheet: Liabilities and Stockholders’ Equity

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

EQT Corp., consolidated balance sheet: liabilities and stockholders’ equity

US$ in thousands

	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Current portion of debt	954,900)	154,161)	16,204)	704,390)	12,406)
Accounts payable	1,339,251)	705,461)	796,438)	1,059,873)	726,433)
Derivative instruments, at fair value	2,413,608)	600,877)	312,696)	336,051)	139,089)
Accrued interest payable	88,614)	91,953)	36,590)	42,998)	41,926)
Accrued taxes other than income	86,755)	44,619)	57,850)	75,978)	62,091)
Current portion of long-term capacity contracts	57,440)	50,504)	34,000)	—)	—)
Accrued incentive compensation	51,224)	33,601)	18,573)	46,937)	72,910)
Current portion of lease liabilities	27,972)	25,004)	29,036)	—)	—)
Accrued severance	3,815)	2,536)	11,769)	8,893)	41,474)
Income tax payable	—)	23,909)	—)	—)	—)
Other accrued liabilities	56,592)	29,785)	32,746)	79,881)	55,875)
Other current liabilities	372,412)	301,911)	220,564)	254,687)	274,276)
Current liabilities of discontinued operations	—)	—)	—)	—)	80,033)
Current liabilities	5,080,171)	1,762,410)	1,345,902)	2,355,001)	1,232,237)
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)
Deferred income taxes	938,612)	1,371,967)	1,485,814)	1,823,381)	1,889,962)
Other liabilities and credits	1,012,740)	945,057)	897,148)	791,742)	752,837)
Noncurrent liabilities of discontinued operations	—)	—)	—)	—)	1,248,032)
Noncurrent liabilities	6,481,454)	7,088,329)	7,659,737)	7,408,114)	9,875,754)
Total liabilities	11,561,625)	8,850,739)	9,005,639)	9,763,115)	11,107,991)
Common stock, no par value	10,167,963)	8,241,684)	7,818,205)	7,828,554)	9,388,903)
Treasury stock, shares at cost	(18,046)	(29,348)	(32,507)	(49,194)	(63,602)
Retained earnings (accumulated deficit)	(115,779)	1,048,259)	2,023,089)	3,184,275)	3,996,775)
Accumulated other comprehensive loss	(4,611)	(5,355)	(5,199)	(5,406)	(2,458)
Common shareholders’ equity	10,029,527)	9,255,240)	9,803,588)	10,958,229)	13,319,618)
Noncontrolling interest in consolidated subsidiaries	16,236)	7,490)	—)	—)	5,094,995)
Total equity	10,045,763)	9,262,730)	9,803,588)	10,958,229)	18,414,613)
Total liabilities and equity	21,607,388)	18,113,469)	18,809,227)	20,721,344)	29,522,604)

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

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Balance sheet item	Description	The company
Current liabilities	Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.	EQT Corp. current liabilities increased from 2019 to 2020 and from 2020 to 2021.
Noncurrent liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	EQT Corp. noncurrent liabilities decreased from 2019 to 2020 and from 2020 to 2021.
Total liabilities	Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.	EQT Corp. total liabilities decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.
Common shareholders’ equity	Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.	EQT Corp. common shareholders’ equity decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.

EQT Corp. (NYSE:EQT)

Balance Sheet: Liabilities and Stockholders’ Equity