10-Q Filing

CHENIERE ENERGY PARTNERS, L.P. CIK: 1383650 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001383650-15-000031`
Period End Date	20150331
Filing Date	20150430
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	lng-20150331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 69 Income Statement 40 Cash Flow Statement 66 Stockholders Equity 11

Balance Sheet 69 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$171.46M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$325.34M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$351.03M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$248.83M	USD	Point-in-time
Restricted cash and cash equivalents	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$261.37M	USD	Point-in-time
Restricted cash and cash equivalents	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$195.70M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$26.20M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$310.00K	USD	Point-in-time
Advances to affiliate	`AdvancesToAffiliateCurrent`	$21.80M	USD	Point-in-time
Advances to affiliate	`AdvancesToAffiliateCurrent`	$27.32M	USD	Point-in-time
LNG inventory	`InventoryNet`	$16.28M	USD	Point-in-time
LNG inventory	`InventoryNet`	$4.29M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$10.12M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$6.41M	USD	Point-in-time
Otheraffiliate	`OtherCurrentAssetsRelatedParty`	$3.65M	USD	Point-in-time
Otheraffiliate	`OtherCurrentAssetsRelatedParty`	$5.20M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$486.52M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$512.43M	USD	Point-in-time
Non-current restricted cash and cash equivalents	`RestrictedCashAndCashEquivalentsNoncurrent`	$544.47M	USD	Point-in-time
General Partner Ownership Interest Percentage	`LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest`	0.02	pure	1 Quarter
Non-current restricted cash and cash equivalents	`RestrictedCashAndCashEquivalentsNoncurrent`	$1.85B	USD	Point-in-time
General Partner Ownership Interest Percentage	`LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest`	0.02	pure	1 Quarter
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$8.98B	USD	Point-in-time
General Partners' Capital Account, Units Issued	`GeneralPartnersCapitalAccountUnitsIssued`	6.89M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$9.53B	USD	Point-in-time
General Partners' Capital Account, Units Issued	`GeneralPartnersCapitalAccountUnitsIssued`	6.89M	shares	Point-in-time
General partner units outstanding	`GeneralPartnersCapitalAccountUnitsOutstanding`	6.89M	shares	Point-in-time
Debt issuance costs, net	`DeferredFinanceCostsNoncurrentNet`	$214.45M	USD	Point-in-time
General partner units outstanding	`GeneralPartnersCapitalAccountUnitsOutstanding`	6.89M	shares	Point-in-time
Debt issuance costs, net	`DeferredFinanceCostsNoncurrentNet`	$241.91M	USD	Point-in-time
Non-current derivative assets	`DerivativeAssetsNoncurrent`	$11.74M	USD	Point-in-time
Non-current derivative assets	`DerivativeAssetsNoncurrent`	$472.00K	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$137.19M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$124.52M	USD	Point-in-time
Total assets	`Assets`	$10.39B	USD	Point-in-time
Total assets	`Assets`	$12.25B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$8.38M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$8.60M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$136.60M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$204.46M	USD	Point-in-time
Due to affiliates	`DueToAffiliateCurrent`	$19.66M	USD	Point-in-time
Due to affiliates	`DueToAffiliateCurrent`	$17.53M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$26.65M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$26.66M	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesCurrent`	$7.25M	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesCurrent`	$23.25M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$214.76M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$264.27M	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$8.99B	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$10.99B	USD	Point-in-time
Non-current deferred revenue	`DeferredRevenueNoncurrent`	$12.50M	USD	Point-in-time
Non-current deferred revenue	`DeferredRevenueNoncurrent`	$13.50M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$2.45M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$6.94M	USD	Point-in-time
Other non-current liabilitiesaffiliate	`OtherNonCurrentLiabilitiesRelatedParty`	$45.71M	USD	Point-in-time
Other non-current liabilitiesaffiliate	`OtherNonCurrentLiabilitiesRelatedParty`	$34.74M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common unitholders interest (57.1 million units issued and outstanding at March 31, 2015 and December 31, 2014)	`CommonUnitholdersEquity`	$495.60M	USD	Point-in-time
Common unitholders interest (57.1 million units issued and outstanding at March 31, 2015 and December 31, 2014)	`CommonUnitholdersEquity`	$419.41M	USD	Point-in-time
Class B unitholders interest (145.3 million units issued and outstanding at March 31, 2015 and December 31, 2014)	`ClassBUnitholdersEquity`	$-38.22M	USD	Point-in-time
Class B unitholders interest (145.3 million units issued and outstanding at March 31, 2015 and December 31, 2014)	`ClassBUnitholdersEquity`	$-38.22M	USD	Point-in-time
Subordinated unitholders interest (135.4 million units issued and outstanding at March 31, 2015 and December 31, 2014)	`SubordinatedUnitholdersEquity`	$525.24M	USD	Point-in-time
Subordinated unitholders interest (135.4 million units issued and outstanding at March 31, 2015 and December 31, 2014)	`SubordinatedUnitholdersEquity`	$648.41M	USD	Point-in-time
General partners interest (2% interest with 6.9 million units issued and outstanding at March 31, 2015 and December 31, 2014)	`GeneralPartnersCapitalAccount`	$20.86M	USD	Point-in-time
General partners interest (2% interest with 6.9 million units issued and outstanding at March 31, 2015 and December 31, 2014)	`GeneralPartnersCapitalAccount`	$24.93M	USD	Point-in-time
Total partners equity	`PartnersCapital`	$1.13B	USD	Point-in-time
Total partners equity	`PartnersCapital`	$927.30M	USD	Point-in-time
Total liabilities and partners equity	`LiabilitiesAndStockholdersEquity`	$12.25B	USD	Point-in-time
Total liabilities and partners equity	`LiabilitiesAndStockholdersEquity`	$10.39B	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromThirdParties`	$66.45M	USD	1 Quarter
Revenues	`RevenueFromThirdParties`	$66.72M	USD	1 Quarter
Revenuesaffiliate	`RevenueFromRelatedParties`	$812.00K	USD	1 Quarter
Revenuesaffiliate	`RevenueFromRelatedParties`	$772.00K	USD	1 Quarter
Total revenues	`Revenues`	$67.53M	USD	1 Quarter
Total revenues	`Revenues`	$67.22M	USD	1 Quarter
Operating and maintenance expense	`OperatingCostsAndExpenses`	$31.99M	USD	1 Quarter
Operating and maintenance expense	`OperatingCostsAndExpenses`	$9.22M	USD	1 Quarter
Operating and maintenance expenseaffiliate	`CostsAndExpensesRelatedParty`	$4.77M	USD	1 Quarter
Operating and maintenance expenseaffiliate	`CostsAndExpensesRelatedParty`	$4.43M	USD	1 Quarter
Depreciation expense	`Depreciation`	$14.88M	USD	1 Quarter
Depreciation expense	`Depreciation`	$14.32M	USD	1 Quarter
Development expense	`ResearchAndDevelopmentExpense`	$3.50M	USD	1 Quarter
Development expense	`ResearchAndDevelopmentExpense`	$1.15M	USD	1 Quarter
Development expenseaffiliate	`ResearchAndDevelopmentExpenseRelatedParties`	$204.00K	USD	1 Quarter
Development expenseaffiliate	`ResearchAndDevelopmentExpenseRelatedParties`	$152.00K	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$3.52M	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$3.37M	USD	1 Quarter
General and administrative expenseaffiliate	`RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty`	$21.60M	USD	1 Quarter
General and administrative expenseaffiliate	`RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty`	$27.15M	USD	1 Quarter
Total operating costs and expenses	`OperatingExpenses`	$78.11M	USD	1 Quarter
Total operating costs and expenses	`OperatingExpenses`	$62.13M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$5.09M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-10.58M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$40.27M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$42.84M	USD	1 Quarter
Loss on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-88.99M	USD	1 Quarter
Loss on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Derivative loss, net	`GainLossOnDerivativeInstrumentsNetPretax`	$-36.38M	USD	1 Quarter
Derivative loss, net	`GainLossOnDerivativeInstrumentsNetPretax`	$-34.68M	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$132.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$121.00K	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-74.82M	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-168.10M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-178.68M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-69.73M	USD	1 Quarter
Basic and diluted net loss per common unit	`EarningsPerShareBasicAndDiluted`	$-0.06	USD	1 Quarter
Basic and diluted net loss per common unit	`EarningsPerShareBasicAndDiluted`	$-0.61	USD	1 Quarter
Weighted average number of common units outstanding used for basic and diluted net loss per common unit calculation	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	57.08M	shares	1 Quarter
Weighted average number of common units outstanding used for basic and diluted net loss per common unit calculation	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	57.08M	shares	1 Quarter

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-178.68M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-69.73M	USD	1 Quarter
Depreciation expense	`Depreciation`	$14.88M	USD	1 Quarter
Depreciation expense	`Depreciation`	$14.32M	USD	1 Quarter
Use of (investment in) restricted cash and cash equivalents for certain operating activities	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$-6.24M	USD	1 Quarter
Use of (investment in) restricted cash and cash equivalents for certain operating activities	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$22.87M	USD	1 Quarter
Non-cash LNG inventory write-downs	`InventoryWriteDown`	-	USD	1 Quarter
Non-cash LNG inventory write-downs	`InventoryWriteDown`	$17.50M	USD	1 Quarter
Amortization of debt issuance costs and discount	`AmortizationOfFinancingCostsAndDiscounts`	$2.50M	USD	1 Quarter
Amortization of debt issuance costs and discount	`AmortizationOfFinancingCostsAndDiscounts`	$2.22M	USD	1 Quarter
Total losses on derivatives, net	`UnrealizedGainLossOnDerivatives`	$-36.38M	USD	1 Quarter
Total losses on derivatives, net	`UnrealizedGainLossOnDerivatives`	$-34.70M	USD	1 Quarter
Net cash used for settlement of derivative instruments	`GainLossOnSaleOfDerivatives`	$1.71M	USD	1 Quarter
Net cash used for settlement of derivative instruments	`GainLossOnSaleOfDerivatives`	$37.02M	USD	1 Quarter
Loss on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-88.99M	USD	1 Quarter
Loss on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	-	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-2.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$25.93M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-148.00K	USD	1 Quarter
Accounts receivableaffiliate	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$-593.00K	USD	1 Quarter
Accounts receivableaffiliate	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$1.54M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$47.95M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$39.26M	USD	1 Quarter
Due to affiliates	`IncreaseDecreaseInDueToAffiliates`	$3.67M	USD	1 Quarter
Due to affiliates	`IncreaseDecreaseInDueToAffiliates`	$-3.97M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-1.00M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-871.00K	USD	1 Quarter
Advances to affiliate	`IncreaseDecreaseInAdvancesToAffiliate`	$-1.88M	USD	1 Quarter
Advances to affiliate	`IncreaseDecreaseInAdvancesToAffiliate`	$-5.52M	USD	1 Quarter
LNG inventory	`IncreaseDecreaseInInventories`	$-2.90M	USD	1 Quarter
LNG inventory	`IncreaseDecreaseInInventories`	$29.49M	USD	1 Quarter
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$4.40M	USD	1 Quarter
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$5.73M	USD	1 Quarter
Other, netaffiliate	`IncreaseDecreaseInOtherOperatingActivitiesAffiliate`	$567.00K	USD	1 Quarter
Other, netaffiliate	`IncreaseDecreaseInOtherOperatingActivitiesAffiliate`	$-10.96M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-52.42M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-456.00K	USD	1 Quarter
Property, plant and equipment, net	`PaymentsToAcquirePropertyPlantAndEquipment`	$542.11M	USD	1 Quarter
Property, plant and equipment, net	`PaymentsToAcquirePropertyPlantAndEquipment`	$751.81M	USD	1 Quarter
Use of restricted cash and cash equivalents for the acquisition of property, plant and equipment	`IncreaseDecreaseInRestrictedCash`	$-761.38M	USD	1 Quarter
Use of restricted cash and cash equivalents for the acquisition of property, plant and equipment	`IncreaseDecreaseInRestrictedCash`	$-572.43M	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$10.05M	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$30.51M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-480.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-188.00K	USD	1 Quarter
Proceeds from issuances of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$2.00B	USD	1 Quarter
Proceeds from issuances of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	1 Quarter
Use of (investment in) restricted cash and cash equivalents	`ProceedsFromRepaymentsOfRestrictedCashFinancingActivities`	$13.96M	USD	1 Quarter
Use of (investment in) restricted cash and cash equivalents	`ProceedsFromRepaymentsOfRestrictedCashFinancingActivities`	$-1.95B	USD	1 Quarter
Debt issuance and deferred financing costs	`PaymentsOfDebtIssuanceCosts`	$50.66M	USD	1 Quarter
Debt issuance and deferred financing costs	`PaymentsOfDebtIssuanceCosts`	$13.96M	USD	1 Quarter
Distributions to owners	`PaymentsOfCapitalDistribution`	$24.75M	USD	1 Quarter
Distributions to owners	`PaymentsOfCapitalDistribution`	$24.75M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-24.75M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-24.75M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-77.37M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-25.69M	USD	1 Quarter
Cash and cash equivalentsbeginning of period	`CashAndCashEquivalentsAtCarryingValue`	$171.46M	USD	Point-in-time
Cash and cash equivalentsbeginning of period	`CashAndCashEquivalentsAtCarryingValue`	$325.34M	USD	Point-in-time
Cash and cash equivalentsbeginning of period	`CashAndCashEquivalentsAtCarryingValue`	$351.03M	USD	Point-in-time
Cash and cash equivalentsbeginning of period	`CashAndCashEquivalentsAtCarryingValue`	$248.83M	USD	Point-in-time
Cash and cash equivalentsend of period	`CashAndCashEquivalentsAtCarryingValue`	$171.46M	USD	Point-in-time
Cash and cash equivalentsend of period	`CashAndCashEquivalentsAtCarryingValue`	$325.34M	USD	Point-in-time
Cash and cash equivalentsend of period	`CashAndCashEquivalentsAtCarryingValue`	$351.03M	USD	Point-in-time
Cash and cash equivalentsend of period	`CashAndCashEquivalentsAtCarryingValue`	$248.83M	USD	Point-in-time

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Partners' equity, beginning of period	`PartnersCapital`	$1.13B	USD	Point-in-time
Partners' equity, beginning of period	`PartnersCapital`	$927.30M	USD	Point-in-time
General partner units outstanding, beginning of period	`GeneralPartnersCapitalAccountUnitsOutstanding`	6.89M	shares	Point-in-time
General partner units outstanding, beginning of period	`GeneralPartnersCapitalAccountUnitsOutstanding`	6.89M	shares	Point-in-time
Net loss	`NetIncomeLoss`	$-178.68M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-69.73M	USD	1 Quarter
Distributions	`PartnersCapitalAccountDistributions`	$24.75M	USD	1 Quarter
Partners' equity, end of period	`PartnersCapital`	$1.13B	USD	Point-in-time
Partners' equity, end of period	`PartnersCapital`	$927.30M	USD	Point-in-time
General partner units outstanding, end of period	`GeneralPartnersCapitalAccountUnitsOutstanding`	6.89M	shares	Point-in-time
General partner units outstanding, end of period	`GeneralPartnersCapitalAccountUnitsOutstanding`	6.89M	shares	Point-in-time

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