10-Q Filing

CHENIERE ENERGY PARTNERS, L.P. CIK: 1383650 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001383650-17-000027`
Period End Date	20170331
Filing Date	20170504
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	cqp-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 73 Income Statement 40 Cash Flow Statement 69 Stockholders Equity 12

Balance Sheet 73 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$402.00M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$605.00M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$756.00M	USD	Point-in-time
Accounts and other receivables	`ReceivablesNetCurrent`	$90.00M	USD	Point-in-time
Accounts and other receivables	`ReceivablesNetCurrent`	$101.00M	USD	Point-in-time
Accounts receivableaffiliate	`AccountsReceivableRelatedPartiesCurrent`	$99.00M	USD	Point-in-time
Accounts receivableaffiliate	`AccountsReceivableRelatedPartiesCurrent`	$89.00M	USD	Point-in-time
Advances to affiliate	`AdvancesToAffiliateCurrent`	$64.00M	USD	Point-in-time
Advances to affiliate	`AdvancesToAffiliateCurrent`	$38.00M	USD	Point-in-time
Inventory	`InventoryNet`	$87.00M	USD	Point-in-time
Inventory	`InventoryNet`	$97.00M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$30.00M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$29.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.13B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$958.00M	USD	Point-in-time
General Partner Ownership Interest Percentage	`LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest`	0.02	pure	1 Quarter
Non-current restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	-	USD	Point-in-time
General Partner Ownership Interest Percentage	`LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest`	0.02	pure	Annual
Non-current restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$14.00M	USD	Point-in-time
Non-current restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$1.00B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$14.64B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$14.16B	USD	Point-in-time
General Partners' Capital Account, Units Issued	`GeneralPartnersCapitalAccountUnitsIssued`	6.90M	shares	Point-in-time
General Partners' Capital Account, Units Issued	`GeneralPartnersCapitalAccountUnitsIssued`	6.90M	shares	Point-in-time
General partner units outstanding	`GeneralPartnersCapitalAccountUnitsOutstanding`	6.90M	shares	Point-in-time
Debt issuance costs, net	`DebtIssuanceCostsLineOfCreditArrangementsNet`	$80.00M	USD	Point-in-time
General partner units outstanding	`GeneralPartnersCapitalAccountUnitsOutstanding`	6.90M	shares	Point-in-time
Debt issuance costs, net	`DebtIssuanceCostsLineOfCreditArrangementsNet`	$121.00M	USD	Point-in-time
Non-current derivative assets	`DerivativeAssetsNoncurrent`	$44.00M	USD	Point-in-time
Non-current derivative assets	`DerivativeAssetsNoncurrent`	$83.00M	USD	Point-in-time
Other non-current assets, net	`OtherAssetsNoncurrent`	$222.00M	USD	Point-in-time
Other non-current assets, net	`OtherAssetsNoncurrent`	$205.00M	USD	Point-in-time
Total assets	`Assets`	$17.09B	USD	Point-in-time
Total assets	`Assets`	$15.54B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$35.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$27.00M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$426.00M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$418.00M	USD	Point-in-time
Current debt, net	`DebtCurrent`	$224.00M	USD	Point-in-time
Current debt, net	`DebtCurrent`	-	USD	Point-in-time
Due to affiliates	`DueToAffiliateCurrent`	$29.00M	USD	Point-in-time
Due to affiliates	`DueToAffiliateCurrent`	$99.00M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$63.00M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$73.00M	USD	Point-in-time
Deferred revenueaffiliate	`DeferredRevenueRelatedPartyCurrent`	$20.00M	USD	Point-in-time
Deferred revenueaffiliate	`DeferredRevenueRelatedPartyCurrent`	$1.00M	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesCurrent`	$14.00M	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesCurrent`	$4.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$856.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$577.00M	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$16.02B	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$14.21B	USD	Point-in-time
Non-current deferred revenue	`DeferredRevenueNoncurrent`	$4.00M	USD	Point-in-time
Non-current deferred revenue	`DeferredRevenueNoncurrent`	$5.00M	USD	Point-in-time
Non-current derivative liabilities	`DerivativeLiabilitiesNoncurrent`	$1.00M	USD	Point-in-time
Non-current derivative liabilities	`DerivativeLiabilitiesNoncurrent`	$2.00M	USD	Point-in-time
Other non-current liabilitiesaffiliate	`OtherNonCurrentLiabilitiesRelatedParty`	$27.00M	USD	Point-in-time
Other non-current liabilitiesaffiliate	`OtherNonCurrentLiabilitiesRelatedParty`	$25.00M	USD	Point-in-time
Common unitholders interest (57.1 million units issued and outstanding at March 31, 2017 and December 31, 2016)	`CommonUnitholdersEquity`	$50.00M	USD	Point-in-time
Common unitholders interest (57.1 million units issued and outstanding at March 31, 2017 and December 31, 2016)	`CommonUnitholdersEquity`	$130.00M	USD	Point-in-time
Class B unitholders interest (145.3 million units issued and outstanding at March 31, 2017 and December 31, 2016)	`ClassBUnitholdersEquity`	$297.00M	USD	Point-in-time
Class B unitholders interest (145.3 million units issued and outstanding at March 31, 2017 and December 31, 2016)	`ClassBUnitholdersEquity`	$62.00M	USD	Point-in-time
Subordinated unitholders interest (135.4 million units issued and outstanding at March 31, 2017 and December 31, 2016)	`SubordinatedUnitholdersEquity`	$107.00M	USD	Point-in-time
Subordinated unitholders interest (135.4 million units issued and outstanding at March 31, 2017 and December 31, 2016)	`SubordinatedUnitholdersEquity`	$240.00M	USD	Point-in-time
General partners interest (2% interest with 6.9 million units issued and outstanding at March 31, 2017 and December 31, 2016)	`GeneralPartnersCapitalAccount`	$11.00M	USD	Point-in-time
General partners interest (2% interest with 6.9 million units issued and outstanding at March 31, 2017 and December 31, 2016)	`GeneralPartnersCapitalAccount`	$11.00M	USD	Point-in-time
Total partners equity	`PartnersCapital`	$443.00M	USD	Point-in-time
Total partners equity	`PartnersCapital`	$465.00M	USD	Point-in-time
Total liabilities and partners equity	`LiabilitiesAndStockholdersEquity`	$17.09B	USD	Point-in-time
Total liabilities and partners equity	`LiabilitiesAndStockholdersEquity`	$15.54B	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
LNG revenues	`OilAndGasSalesRevenue`	-	USD	1 Quarter
LNG revenues	`OilAndGasSalesRevenue`	$492.00M	USD	1 Quarter
LNG revenuesaffiliate	`RevenueFromRelatedParties`	$331.00M	USD	1 Quarter
LNG revenuesaffiliate	`RevenueFromRelatedParties`	-	USD	1 Quarter
Regasification revenues	`SalesRevenueServicesNet`	$67.00M	USD	1 Quarter
Regasification revenues	`SalesRevenueServicesNet`	$65.00M	USD	1 Quarter
Regasification revenuesaffiliate	`RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty`	$2.00M	USD	1 Quarter
Regasification revenuesaffiliate	`RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty`	$1.00M	USD	1 Quarter
Total revenues	`Revenues`	$67.00M	USD	1 Quarter
Total revenues	`Revenues`	$891.00M	USD	1 Quarter
Cost of sales (excluding depreciation and amortization expense shown separately below)	`CostOfGoodsSold`	$513.00M	USD	1 Quarter
Cost of sales (excluding depreciation and amortization expense shown separately below)	`CostOfGoodsSold`	$4.00M	USD	1 Quarter
Operating and maintenance expense	`OperatingCostsAndExpenses`	$18.00M	USD	1 Quarter
Operating and maintenance expense	`OperatingCostsAndExpenses`	$50.00M	USD	1 Quarter
Operating and maintenance expenseaffiliate	`CostsAndExpensesRelatedParty`	$11.00M	USD	1 Quarter
Operating and maintenance expenseaffiliate	`CostsAndExpensesRelatedParty`	$18.00M	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$3.00M	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$3.00M	USD	1 Quarter
General and administrative expenseaffiliate	`RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty`	$22.00M	USD	1 Quarter
General and administrative expenseaffiliate	`RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty`	$22.00M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$66.00M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$19.00M	USD	1 Quarter
Total operating costs and expenses	`OperatingExpenses`	$77.00M	USD	1 Quarter
Total operating costs and expenses	`OperatingExpenses`	$672.00M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-10.00M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$219.00M	USD	1 Quarter
Interest expense, net of capitalized interest	`InterestExpense`	$43.00M	USD	1 Quarter
Interest expense, net of capitalized interest	`InterestExpense`	$130.00M	USD	1 Quarter
Loss on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-1.00M	USD	1 Quarter
Loss on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-42.00M	USD	1 Quarter
Derivative loss, net	`GainLossOnDerivativeInstrumentsNetPretax`	-	USD	1 Quarter
Derivative loss, net	`GainLossOnDerivativeInstrumentsNetPretax`	$-21.00M	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-172.00M	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-65.00M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-75.00M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$47.00M	USD	1 Quarter
Basic and diluted net loss per common unit	`EarningsPerShareBasicAndDiluted`	$-0.08	USD	1 Quarter
Basic and diluted net loss per common unit	`EarningsPerShareBasicAndDiluted`	$-0.80	USD	1 Quarter
Weighted average number of common units outstanding used for basic and diluted net loss per common unit calculation	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	57.10M	shares	1 Quarter
Weighted average number of common units outstanding used for basic and diluted net loss per common unit calculation	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	57.10M	shares	1 Quarter

Cash Flow Statement 69 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-75.00M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$47.00M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$66.00M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$19.00M	USD	1 Quarter
Amortization of debt issuance costs, deferred commitment fees, premium and discount	`AmortizationOfFinancingCostsAndDiscounts`	$10.00M	USD	1 Quarter
Amortization of debt issuance costs, deferred commitment fees, premium and discount	`AmortizationOfFinancingCostsAndDiscounts`	$4.00M	USD	1 Quarter
Loss on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-1.00M	USD	1 Quarter
Loss on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-42.00M	USD	1 Quarter
Total losses on derivatives, net	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$-25.00M	USD	1 Quarter
Total losses on derivatives, net	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$-39.00M	USD	1 Quarter
Net cash used for settlement of derivative instruments	`GainLossOnSaleOfDerivatives`	$13.00M	USD	1 Quarter
Net cash used for settlement of derivative instruments	`GainLossOnSaleOfDerivatives`	$3.00M	USD	1 Quarter
Accounts and other receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$11.00M	USD	1 Quarter
Accounts and other receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	-	USD	1 Quarter
Accounts receivableaffiliate	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$-59.00M	USD	1 Quarter
Accounts receivableaffiliate	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$-1.00M	USD	1 Quarter
Advances to affiliate	`IncreaseDecreaseInAdvancesToAffiliate`	$41.00M	USD	1 Quarter
Advances to affiliate	`IncreaseDecreaseInAdvancesToAffiliate`	$1.00M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	-	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-17.00M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-38.00M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$34.00M	USD	1 Quarter
Due to affiliates	`IncreaseDecreaseInDueToAffiliates`	$-8.00M	USD	1 Quarter
Due to affiliates	`IncreaseDecreaseInDueToAffiliates`	$-68.00M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-1.00M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-11.00M	USD	1 Quarter
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-1.00M	USD	1 Quarter
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$2.00M	USD	1 Quarter
Other, netaffiliate	`IncreaseDecreaseInOtherOperatingActivitiesAffiliate`	$-16.00M	USD	1 Quarter
Other, netaffiliate	`IncreaseDecreaseInOtherOperatingActivitiesAffiliate`	-	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$115.00M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-6.00M	USD	1 Quarter
Property, plant and equipment, net	`PaymentsToAcquirePropertyPlantAndEquipment`	$715.00M	USD	1 Quarter
Property, plant and equipment, net	`PaymentsToAcquirePropertyPlantAndEquipment`	$524.00M	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	-	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$34.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-749.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-524.00M	USD	1 Quarter
Proceeds from issuances of debt	`ProceedsFromIssuanceOfDebt`	$1.24B	USD	1 Quarter
Proceeds from issuances of debt	`ProceedsFromIssuanceOfDebt`	$2.31B	USD	1 Quarter
Repayments of debt	`RepaymentsOfDebt`	$415.00M	USD	1 Quarter
Repayments of debt	`RepaymentsOfDebt`	$703.00M	USD	1 Quarter
Debt issuance and deferred financing costs	`PaymentsOfDebtIssuanceCosts`	$48.00M	USD	1 Quarter
Debt issuance and deferred financing costs	`PaymentsOfDebtIssuanceCosts`	$26.00M	USD	1 Quarter
Distributions to owners	`PaymentsOfCapitalDistribution`	$25.00M	USD	1 Quarter
Distributions to owners	`PaymentsOfCapitalDistribution`	$25.00M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.56B	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$747.00M	USD	1 Quarter
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsAndRestrictedCashPeriodIncreaseDecrease`	$-8.00M	USD	1 Quarter
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsAndRestrictedCashPeriodIncreaseDecrease`	$1.15B	USD	1 Quarter
Cash, cash equivalents and restricted cashbeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$605.00M	USD	Point-in-time
Cash, cash equivalents and restricted cashbeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.76B	USD	Point-in-time
Cash, cash equivalents and restricted cashbeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$434.00M	USD	Point-in-time
Cash, cash equivalents and restricted cashbeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$426.00M	USD	Point-in-time
Cash, cash equivalents and restricted cashend of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$605.00M	USD	Point-in-time
Cash, cash equivalents and restricted cashend of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.76B	USD	Point-in-time
Cash, cash equivalents and restricted cashend of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$434.00M	USD	Point-in-time
Cash, cash equivalents and restricted cashend of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$426.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$402.00M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$605.00M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$756.00M	USD	Point-in-time
Non-current restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	-	USD	Point-in-time
Non-current restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$14.00M	USD	Point-in-time
Non-current restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$1.00B	USD	Point-in-time
Total cash, cash equivalents and restricted cash	`CashCashEquivalentsAndRestrictedCashAtCarryingValue`	$1.76B	USD	Point-in-time
Total cash, cash equivalents and restricted cash	`CashCashEquivalentsAndRestrictedCashAtCarryingValue`	$426.00M	USD	Point-in-time

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Partners' equity, beginning of period	`PartnersCapital`	$443.00M	USD	Point-in-time
Partners' equity, beginning of period	`PartnersCapital`	$465.00M	USD	Point-in-time
General partner units, Outstanding, beginning of period	`GeneralPartnersCapitalAccountUnitsOutstanding`	6.90M	shares	Point-in-time
General partner units, Outstanding, beginning of period	`GeneralPartnersCapitalAccountUnitsOutstanding`	6.90M	shares	Point-in-time
Net income	`NetIncomeLoss`	$-75.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$47.00M	USD	1 Quarter
Distributions	`PartnersCapitalAccountDistributions`	$25.00M	USD	1 Quarter
Amortization of beneficial conversion feature of Class B units	`AmortizationofbeneficialconversionfeatureofClassBunitsDollars`	-	USD	1 Quarter
Partners' equity, end of period	`PartnersCapital`	$443.00M	USD	Point-in-time
Partners' equity, end of period	`PartnersCapital`	$465.00M	USD	Point-in-time
General partner units, Outstanding, end of period	`GeneralPartnersCapitalAccountUnitsOutstanding`	6.90M	shares	Point-in-time
General partner units, Outstanding, end of period	`GeneralPartnersCapitalAccountUnitsOutstanding`	6.90M	shares	Point-in-time

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