10-Q Filing

CHENIERE ENERGY PARTNERS, L.P. CIK: 1383650 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001383650-12-000024`
Period End Date	20120331
Filing Date	20120504
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	cqp-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 38 Cash Flow Statement 56 Stockholders Equity 14

Balance Sheet 80 line items

Line Item	Tag	Value	Unit	Period
Common unitholders, units issued	`LimitedPartnersCapitalAccountCommonUnitsIssued`	31.13M	shares	Point-in-time
Common unitholders, units issued	`LimitedPartnersCapitalAccountCommonUnitsIssued`	31.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$59.44M	USD	Point-in-time
Common unitholders, units outstanding	`LimitedPartnersCapitalAccountCommonUnitsOutstanding`	31.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$81.42M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$53.35M	USD	Point-in-time
Common unitholders, units outstanding	`LimitedPartnersCapitalAccountCommonUnitsOutstanding`	31.13M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$46.89M	USD	Point-in-time
Subordinated unitholders, units issued	`LimitedPartnersCapitalAccountSubordinatedUnitsIssued`	135.38M	shares	Point-in-time
Subordinated unitholders, units issued	`LimitedPartnersCapitalAccountSubordinatedUnitsIssued`	135.38M	shares	Point-in-time
Restricted cash and cash equivalents	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$13.73M	USD	Point-in-time
Restricted cash and cash equivalents	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$54.93M	USD	Point-in-time
Subordinated unitholders, units outstanding	`LimitedPartnersCapitalAccountSubordinatedUnitsOutstanding`	135.38M	shares	Point-in-time
Subordinated unitholders, units outstanding	`LimitedPartnersCapitalAccountSubordinatedUnitsOutstanding`	135.38M	shares	Point-in-time
Accounts and interest receivable	`AccountsReceivableNetCurrent`	$525.00K	USD	Point-in-time
Accounts and interest receivable	`AccountsReceivableNetCurrent`	$21.00K	USD	Point-in-time
General Partner 2% interest	`GeneralPartnerOwnershipInterestPercentage`	0.02	pure	Point-in-time
General Partner 2% interest	`GeneralPartnerOwnershipInterestPercentage`	0.02	pure	Point-in-time
Accounts receivableaffiliate	`DueFromRelatedPartiesCurrent`	$328.00K	USD	Point-in-time
Accounts receivableaffiliate	`DueFromRelatedPartiesCurrent`	$2.68M	USD	Point-in-time
Advances to affiliate	`AdvancesToAffiliateCurrent`	$692.00K	USD	Point-in-time
Advances to affiliate	`AdvancesToAffiliateCurrent`	$6.02M	USD	Point-in-time
General Partner 2% interest, units issued	`GeneralPartnersCapitalAccountUnitsIssued`	3.40M	shares	Point-in-time
General Partner 2% interest, units issued	`GeneralPartnersCapitalAccountUnitsIssued`	3.40M	shares	Point-in-time
General Partner 2% interest, units outstanding	`GeneralPartnersCapitalAccountUnitsOutstanding`	3.40M	shares	Point-in-time
LNG inventory	`InventoryNet`	$473.00K	USD	Point-in-time
General Partner 2% interest, units outstanding	`GeneralPartnersCapitalAccountUnitsOutstanding`	3.40M	shares	Point-in-time
LNG inventory	`InventoryNet`	$536.00K	USD	Point-in-time
LNG inventoryaffiliate	`LngInventoryRelatedParty`	$4.37M	USD	Point-in-time
LNG inventoryaffiliate	`LngInventoryRelatedParty`	$1.72M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$7.98M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$10.47M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$109.51M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$135.82M	USD	Point-in-time
Non-current restricted cash and cash equivalents	`RestrictedCashAndCashEquivalentsNoncurrent`	$82.39M	USD	Point-in-time
Non-current restricted cash and cash equivalents	`RestrictedCashAndCashEquivalentsNoncurrent`	$82.39M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$1.51B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$1.50B	USD	Point-in-time
Debt issuance costs, net	`UnamortizedDebtIssuanceExpense`	$16.53M	USD	Point-in-time
Debt issuance costs, net	`UnamortizedDebtIssuanceExpense`	$17.62M	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$13.36M	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$22.79M	USD	Point-in-time
Total assets	`Assets`	$1.74B	USD	Point-in-time
Total assets	`Assets`	$1.76B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$843.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$704.00K	USD	Point-in-time
Accounts payableaffiliate	`AccountsPayableRelatedPartiesCurrent`	-	USD	Point-in-time
Accounts payableaffiliate	`AccountsPayableRelatedPartiesCurrent`	$530.00K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$68.92M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$16.75M	USD	Point-in-time
Accrued liabilitiesaffiliate	`DueToRelatedPartiesCurrent`	$3.79M	USD	Point-in-time
Accrued liabilitiesaffiliate	`DueToRelatedPartiesCurrent`	$4.50M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$26.52M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$26.63M	USD	Point-in-time
Deferred revenueaffiliate	`DeferredRevenueRelatedPartyCurrent`	$688.00K	USD	Point-in-time
Deferred revenueaffiliate	`DeferredRevenueRelatedPartyCurrent`	$688.00K	USD	Point-in-time
Other	`OtherLiabilitiesCurrent`	$2.64M	USD	Point-in-time
Other	`OtherLiabilitiesCurrent`	$2.72M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$104.11M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$51.82M	USD	Point-in-time
Long-term debt, net of discount	`LongTermDebtNoncurrent`	$2.19B	USD	Point-in-time
Long-term debt, net of discount	`LongTermDebtNoncurrent`	$2.19B	USD	Point-in-time
Deferred revenue	`DeferredRevenueNoncurrent`	$25.50M	USD	Point-in-time
Deferred revenue	`DeferredRevenueNoncurrent`	$24.50M	USD	Point-in-time
Deferred revenueaffiliate	`DeferredRevenueRelatedPartyNoncurrent`	$14.72M	USD	Point-in-time
Deferred revenueaffiliate	`DeferredRevenueRelatedPartyNoncurrent`	$12.27M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$317.00K	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$313.00K	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common unitholders (31,128,124 units and 31,003,154 units issued and outstanding at March 31, 2012 and December 31, 2011, respectively)	`CommonUnitholdersEquity`	$-66.64M	USD	Point-in-time
Common unitholders (31,128,124 units and 31,003,154 units issued and outstanding at March 31, 2012 and December 31, 2011, respectively)	`CommonUnitholdersEquity`	$-52.77M	USD	Point-in-time
Subordinated unitholders (135,383,831 units issued and outstanding at March 31, 2012 and December 31, 2011)	`SubordinatedUnitholdersEquity`	$-494.61M	USD	Point-in-time
Subordinated unitholders (135,383,831 units issued and outstanding at March 31, 2012 and December 31, 2011)	`SubordinatedUnitholdersEquity`	$-479.20M	USD	Point-in-time
General partner interest (2% interest with 3,398,203 units and 3,395,653 units issued and outstanding at March 31, 2012 and December 31, 2011, respectively)	`GeneralPartnersCapitalAccount`	$-13.05M	USD	Point-in-time
General partner interest (2% interest with 3,398,203 units and 3,395,653 units issued and outstanding at March 31, 2012 and December 31, 2011, respectively)	`GeneralPartnersCapitalAccount`	$-13.64M	USD	Point-in-time
Total partners' deficit	`PartnersCapital`	$-545.02M	USD	Point-in-time
Total partners' deficit	`PartnersCapital`	$-574.89M	USD	Point-in-time
Total liabilities and partners' deficit	`LiabilitiesAndStockholdersEquity`	$1.76B	USD	Point-in-time
Total liabilities and partners' deficit	`LiabilitiesAndStockholdersEquity`	$1.74B	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromThirdParties`	$66.96M	USD	1 Quarter
Revenues	`RevenueFromThirdParties`	$69.67M	USD	1 Quarter
Revenuesaffiliate	`RevenueFromRelatedParties`	$4.78M	USD	1 Quarter
Revenuesaffiliate	`RevenueFromRelatedParties`	$2.37M	USD	1 Quarter
Total revenues	`Revenues`	$74.45M	USD	1 Quarter
Total revenues	`Revenues`	$69.32M	USD	1 Quarter
Operating and maintenance expense	`OperatingCostsAndExpenses`	$6.11M	USD	1 Quarter
Operating and maintenance expense	`OperatingCostsAndExpenses`	$5.68M	USD	1 Quarter
Operating and maintenance expenseaffiliate	`OperatingCostsAndExpensesRelatedParties`	$2.59M	USD	1 Quarter
Operating and maintenance expenseaffiliate	`OperatingCostsAndExpensesRelatedParties`	$3.00M	USD	1 Quarter
Depreciation expense	`DepreciationAndAmortization`	$10.63M	USD	1 Quarter
Depreciation expense	`DepreciationAndAmortization`	$10.74M	USD	1 Quarter
Development expense	`ResearchAndDevelopmentExpense`	$6.62M	USD	1 Quarter
Development expense	`ResearchAndDevelopmentExpense`	$16.67M	USD	1 Quarter
Development expenseaffiliate	`ResearchAndDevelopmentExpenseRelatedParties`	$865.00K	USD	1 Quarter
Development expenseaffiliate	`ResearchAndDevelopmentExpenseRelatedParties`	$1.23M	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$1.77M	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$1.68M	USD	1 Quarter
General and administrative expenseaffiliate	`GeneralAndAdministrativeExpenseRelatedParties`	$5.06M	USD	1 Quarter
General and administrative expenseaffiliate	`GeneralAndAdministrativeExpenseRelatedParties`	$5.11M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$33.32M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$44.43M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$41.13M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$24.89M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$43.40M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$43.46M	USD	1 Quarter
Derivative gain (loss), net	`GainLossOnDerivativeInstrumentsNetPretax`	-	USD	1 Quarter
Derivative gain (loss), net	`GainLossOnDerivativeInstrumentsNetPretax`	$-836.00K	USD	1 Quarter
Other	`OtherNonoperatingIncomeExpense`	$61.00K	USD	1 Quarter
Other	`OtherNonoperatingIncomeExpense`	$71.00K	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-43.34M	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-44.22M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-2.21M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-19.33M	USD	1 Quarter
Basic and Diluted Net Income Per Common Unit	`EarningsPerShareBasic`	$0.35	USD	1 Quarter
Basic and Diluted Net Income Per Common Unit	`EarningsPerShareBasic`	$0.23	USD	1 Quarter
Weighted Average Number of Common Units Basic and Diluted	`WeightedAverageNumberOfCommonUnitsBasicAndDiluted`	26.43M	shares	1 Quarter
Weighted Average Number of Common Units Basic and Diluted	`WeightedAverageNumberOfCommonUnitsBasicAndDiluted`	31.02M	shares	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-2.21M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-19.33M	USD	1 Quarter
Depreciation	`Depreciation`	$10.63M	USD	1 Quarter
Depreciation	`Depreciation`	$10.74M	USD	1 Quarter
Non-cash derivative loss	`UnrealizedGainLossOnDerivatives`	$-527.00K	USD	1 Quarter
Non-cash derivative loss	`UnrealizedGainLossOnDerivatives`	-	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$1.09M	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$1.08M	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$1.17M	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$1.17M	USD	1 Quarter
Investment in restricted cash and cash equivalents	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$-41.20M	USD	1 Quarter
Investment in restricted cash and cash equivalents	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$-41.20M	USD	1 Quarter
Accounts and interest receivable	`IncreaseDecreaseInAccountsAndOtherReceivables`	$-944.00K	USD	1 Quarter
Accounts and interest receivable	`IncreaseDecreaseInAccountsAndOtherReceivables`	$-504.00K	USD	1 Quarter
Accounts receivableaffiliate	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$2.85M	USD	1 Quarter
Accounts receivableaffiliate	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$2.35M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$45.97M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$42.37M	USD	1 Quarter
Accounts payable and accrued liabilitiesaffiliate	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$171.00K	USD	1 Quarter
Accounts payable and accrued liabilitiesaffiliate	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$-1.90M	USD	1 Quarter
Advances to affiliate	`PaymentsForAdvanceToAffiliate`	$-2.17M	USD	1 Quarter
Advances to affiliate	`PaymentsForAdvanceToAffiliate`	$5.33M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-890.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-1.10M	USD	1 Quarter
Deferred revenueaffiliate	`IncreaseDecreaseInDeferredRevenueRelatedParties`	$-266.00K	USD	1 Quarter
Deferred revenueaffiliate	`IncreaseDecreaseInDeferredRevenueRelatedParties`	-	USD	1 Quarter
LNG inventoryaffiliate	`IncreaseDecreaseInLngInventoryaffiliate`	$2.65M	USD	1 Quarter
LNG inventoryaffiliate	`IncreaseDecreaseInLngInventoryaffiliate`	-	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingAssets`	$3.29M	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingAssets`	$4.64M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$5.05M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-9.89M	USD	1 Quarter
LNG terminal construction-in-process, net	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.52M	USD	1 Quarter
LNG terminal construction-in-process, net	`PaymentsToAcquirePropertyPlantAndEquipment`	$414.00K	USD	1 Quarter
Advances under long-term contracts	`PaymentsForProceedsFromOtherInvestingActivities`	$83.00K	USD	1 Quarter
Advances under long-term contracts	`PaymentsForProceedsFromOtherInvestingActivities`	$1.13M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.54M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.60M	USD	1 Quarter
Distributions to unitholders	`PaymentsOfCapitalDistribution`	$13.45M	USD	1 Quarter
Distributions to unitholders	`PaymentsOfCapitalDistribution`	$11.46M	USD	1 Quarter
Proceeds from sale of common units	`ProceedsFromIssuanceOrSaleOfEquity`	$2.90M	USD	1 Quarter
Proceeds from sale of common units	`ProceedsFromIssuanceOrSaleOfEquity`	$1.51M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	-	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$43.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-10.54M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-9.90M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-6.46M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-21.97M	USD	1 Quarter
Cash and cash equivalentsbeginning of period	`CashAndCashEquivalentsAtCarryingValue`	$59.44M	USD	Point-in-time
Cash and cash equivalentsbeginning of period	`CashAndCashEquivalentsAtCarryingValue`	$81.42M	USD	Point-in-time
Cash and cash equivalentsbeginning of period	`CashAndCashEquivalentsAtCarryingValue`	$53.35M	USD	Point-in-time
Cash and cash equivalentsbeginning of period	`CashAndCashEquivalentsAtCarryingValue`	$46.89M	USD	Point-in-time
Cash and cash equivalentsend of period	`CashAndCashEquivalentsAtCarryingValue`	$59.44M	USD	Point-in-time
Cash and cash equivalentsend of period	`CashAndCashEquivalentsAtCarryingValue`	$81.42M	USD	Point-in-time
Cash and cash equivalentsend of period	`CashAndCashEquivalentsAtCarryingValue`	$53.35M	USD	Point-in-time
Cash and cash equivalentsend of period	`CashAndCashEquivalentsAtCarryingValue`	$46.89M	USD	Point-in-time

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Common unitholders (31,128,124 units and 31,003,154 units issued and outstanding at March 31, 2012 and December 31, 2011, respectively)	`CommonUnitholdersEquity`	$-66.64M	USD	Point-in-time
Common unitholders (31,128,124 units and 31,003,154 units issued and outstanding at March 31, 2012 and December 31, 2011, respectively)	`CommonUnitholdersEquity`	$-52.77M	USD	Point-in-time
Subordinated unitholders (135,383,831 units issued and outstanding at March 31, 2012 and December 31, 2011)	`SubordinatedUnitholdersEquity`	$-494.61M	USD	Point-in-time
Subordinated unitholders (135,383,831 units issued and outstanding at March 31, 2012 and December 31, 2011)	`SubordinatedUnitholdersEquity`	$-479.20M	USD	Point-in-time
General partner interest (2% interest with 3,398,203 units and 3,395,653 units issued and outstanding at March 31, 2012 and December 31, 2011, respectively)	`GeneralPartnersCapitalAccount`	$-13.05M	USD	Point-in-time
General partner interest (2% interest with 3,398,203 units and 3,395,653 units issued and outstanding at March 31, 2012 and December 31, 2011, respectively)	`GeneralPartnersCapitalAccount`	$-13.64M	USD	Point-in-time
Partners' Capital Beginning of Period	`PartnersCapital`	$-545.02M	USD	Point-in-time
Partners' Capital Beginning of Period	`PartnersCapital`	$-574.89M	USD	Point-in-time
Net Income (Loss) Attributable to Parent	`NetIncomeLoss`	$-2.21M	USD	1 Quarter
Net Income (Loss) Attributable to Parent	`NetIncomeLoss`	$-19.33M	USD	1 Quarter
Partners' Capital Account, Sale of Units	`PartnersCapitalAccountSaleOfUnits`	$2.90M	USD	1 Quarter
Partners' Capital Account, Distributions	`PartnersCapitalAccountDistributions`	$-13.45M	USD	1 Quarter
Partners' Capital End of Period	`PartnersCapital`	$-545.02M	USD	Point-in-time
Partners' Capital End of Period	`PartnersCapital`	$-574.89M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.