Consolidated Variable Interest Entities (Tables)

9 Months Ended

Sep. 30, 2018

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of amounts included in balance sheets, consolidated operations and cash flows of EQGP and EQM

The following table presents amounts included in the Company's Condensed Consolidated Balance Sheets that were for the use or obligation of EQGP or EQM as of September 30, 2018 and December 31, 2017.



Classification	September 30, 2018		December 31, 2017
	(Thousands)
Assets:
Cash and cash equivalents	$	6,062	$	2,857
Accounts receivable	58,358		28,804
Prepaid expenses and other	4,798		8,470
Property, plant and equipment, net	5,608,358		2,804,059
Goodwill	1,384,872		—
Intangible assets, net	586,500		—
Investment in nonconsolidated entity	1,300,430		460,546
Other assets	23,599		22,458
Liabilities:
Accounts payable	$	134,027	$	47,042
Other current liabilities	526,299		133,531
Credit facility borrowings	22,000		180,000
Senior Notes	3,455,296		987,352
Other liabilities and credits	31,010		20,273

The following table summarizes EQGP's Statements of Consolidated Operations and Cash Flows for the three and nine months ended September 30, 2018 and 2017.



	Three Months Ended September 30,						Nine Months Ended September 30,
	2018			2017			2018			2017
	(Thousands)
Operating revenues	$	364,584		$	207,193		$	1,110,307		$	609,585
Operating expenses	133,665			62,230			370,880			180,218
Other expenses	23,534			2,556			37,632			6,418
Net income	$	207,385		$	142,407		$	701,795		$	422,949

Net cash provided by operating activities	$	422,938		$	159,911		$	863,009		$	479,566
Net cash used in investing activities	(575,624		)	(117,637		)	(2,252,293		)	(324,936		)
Net cash (used in) provided by financing activities	(536,246		)	(48,128		)	1,340,446			(208,150		)

The following table presents amounts included in the Company’s Condensed Consolidated Balance Sheet that is for the use or obligation of RMP as of December 31, 2017.



Classification	December 31, 2017
	(Thousands)
Assets:
Cash and cash equivalents	$	10,538
Accounts receivable	12,246
Prepaid expenses and other	1,327
Property, plant and equipment, net	1,431,802
Goodwill	1,346,918
Liabilities:
Accounts payable	$	24,634
Other current liabilities	4,200
Credit facility borrowings	286,000
Other liabilities and credits	9,360

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

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