Balance Sheet: Assets

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.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

EQT Corp., consolidated balance sheet: assets

US$ in thousands

	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Cash and cash equivalents	113,963)	18,210)	4,596)	3,487)	26,311)
Accounts receivable, less provision for doubtful accounts	1,438,031)	566,552)	610,088)	1,241,843)	664,685)
Derivative instruments, at fair value	543,337)	527,073)	812,664)	481,654)	241,952)
Income tax receivable	—)	—)	298,854)	131,573)	14,385)
Margin requirements with counterparties	147,773)	82,552)	12,606)	—)	—)
Prepaid expenses and other current assets	43,662)	21,063)	16,047)	111,107)	59,462)
Prepaid expenses and other	191,435)	103,615)	28,653)	111,107)	59,462)
Current assets of discontinued operations	—)	—)	—)	—)	156,260)
Current assets	2,286,766)	1,215,450)	1,754,855)	1,969,664)	1,163,055)
Net property, plant and equipment	18,418,920)	16,054,265)	16,155,490)	17,392,507)	19,730,008)
Contract asset	410,000)	410,000)	—)	—)	—)
Intangible assets, net	—)	—)	26,006)	77,333)	118,700)
Goodwill	—)	—)	—)	—)	470,849)
Other assets	491,702)	433,754)	872,876)	1,281,840)	250,734)
Noncurrent assets of discontinued operations	—)	—)	—)	—)	7,789,258)
Noncurrent assets	19,320,622)	16,898,019)	17,054,372)	18,751,680)	28,359,549)
Total assets	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).

Assets: Selected Items

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Balance sheet item	Description	The company
Current assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	EQT Corp. current assets decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.
Net property, plant and equipment	Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.	EQT Corp. net property, plant and equipment decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.
Noncurrent assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer.	EQT Corp. noncurrent assets decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.
Total assets	Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	EQT Corp. total assets decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.

Current Assets: Selected Items

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Balance sheet item	Description	The company
Cash and cash equivalents	Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.	EQT Corp. cash and cash equivalents increased from 2019 to 2020 and from 2020 to 2021.
Accounts receivable, less provision for doubtful accounts	Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.	EQT Corp. accounts receivable, less provision for doubtful accounts decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.

EQT Corp. (NYSE:EQT)

Balance Sheet: Assets

Assets: Selected Items

Current Assets: Selected Items