10-Q Filing

CHENIERE ENERGY PARTNERS, L.P. CIK: 1383650 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001383650-18-000015`
Period End Date	20180331
Filing Date	20180504
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	cqp-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 44 Cash Flow Statement 58 Stockholders Equity 11

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$1.59B	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$1.48B	USD	Point-in-time
Accounts and other receivables	`ReceivablesNetCurrent`	$191.00M	USD	Point-in-time
Accounts and other receivables	`ReceivablesNetCurrent`	$240.00M	USD	Point-in-time
Accounts receivableaffiliate	`AccountsReceivableRelatedPartiesCurrent`	$114.00M	USD	Point-in-time
Accounts receivableaffiliate	`AccountsReceivableRelatedPartiesCurrent`	$163.00M	USD	Point-in-time
Advances to affiliate	`AdvancesToAffiliateCurrent`	$36.00M	USD	Point-in-time
Advances to affiliate	`AdvancesToAffiliateCurrent`	$97.00M	USD	Point-in-time
Inventory	`InventoryNet`	$95.00M	USD	Point-in-time
Inventory	`InventoryNet`	$83.00M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$65.00M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$54.00M	USD	Point-in-time
General Partner Ownership Interest Percentage	`LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest`	0.02	pure	Annual
General Partner Ownership Interest Percentage	`LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest`	0.02	pure	1 Quarter
Total current assets	`AssetsCurrent`	$2.14B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.06B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$15.14B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$15.14B	USD	Point-in-time
General Partners' Capital Account, Units Issued	`GeneralPartnersCapitalAccountUnitsIssued`	9.90M	shares	Point-in-time
General Partners' Capital Account, Units Issued	`GeneralPartnersCapitalAccountUnitsIssued`	9.90M	shares	Point-in-time
General partner units outstanding	`GeneralPartnersCapitalAccountUnitsOutstanding`	9.90M	shares	Point-in-time
Debt issuance costs, net	`DebtIssuanceCostsLineOfCreditArrangementsNet`	$38.00M	USD	Point-in-time
Debt issuance costs, net	`DebtIssuanceCostsLineOfCreditArrangementsNet`	$34.00M	USD	Point-in-time
General partner units outstanding	`GeneralPartnersCapitalAccountUnitsOutstanding`	9.90M	shares	Point-in-time
Non-current derivative assets	`DerivativeAssetsNoncurrent`	$31.00M	USD	Point-in-time
Non-current derivative assets	`DerivativeAssetsNoncurrent`	$24.00M	USD	Point-in-time
Other non-current assets, net	`OtherAssetsNoncurrent`	$197.00M	USD	Point-in-time
Other non-current assets, net	`OtherAssetsNoncurrent`	$206.00M	USD	Point-in-time
Total assets	`Assets`	$17.46B	USD	Point-in-time
Total assets	`Assets`	$17.55B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$12.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$11.00M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$637.00M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$509.00M	USD	Point-in-time
Due to affiliates	`DueToAffiliateCurrent`	$30.00M	USD	Point-in-time
Due to affiliates	`DueToAffiliateCurrent`	$68.00M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$111.00M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$95.00M	USD	Point-in-time
Deferred revenueaffiliate	`DeferredRevenueRelatedPartyCurrent`	$1.00M	USD	Point-in-time
Deferred revenueaffiliate	`DeferredRevenueRelatedPartyCurrent`	-	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesCurrent`	$4.00M	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$649.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$829.00M	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$16.05B	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$16.05B	USD	Point-in-time
Non-current deferred revenue	`DeferredRevenueNoncurrent`	$1.00M	USD	Point-in-time
Non-current deferred revenue	`DeferredRevenueNoncurrent`	-	USD	Point-in-time
Non-current derivative liabilities	`DerivativeLiabilitiesNoncurrent`	$3.00M	USD	Point-in-time
Non-current derivative liabilities	`DerivativeLiabilitiesNoncurrent`	$3.00M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$11.00M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$10.00M	USD	Point-in-time
Other non-current liabilitiesaffiliate	`OtherNonCurrentLiabilitiesRelatedParty`	$25.00M	USD	Point-in-time
Other non-current liabilitiesaffiliate	`OtherNonCurrentLiabilitiesRelatedParty`	$25.00M	USD	Point-in-time
Common unitholders interest (348.6 million units issued and outstanding at March 31, 2018 and December 31, 2017)	`CommonUnitholdersEquity`	$1.67B	USD	Point-in-time
Common unitholders interest (348.6 million units issued and outstanding at March 31, 2018 and December 31, 2017)	`CommonUnitholdersEquity`	$1.73B	USD	Point-in-time
Subordinated unitholders interest (135.4 million units issued and outstanding at March 31, 2018 and December 31, 2017)	`SubordinatedUnitholdersEquity`	$-1.04B	USD	Point-in-time
Subordinated unitholders interest (135.4 million units issued and outstanding at March 31, 2018 and December 31, 2017)	`SubordinatedUnitholdersEquity`	$-1.02B	USD	Point-in-time
General partners interest (2% interest with 9.9 million units issued and outstanding at March 31, 2018 and December 31, 2017)	`GeneralPartnersCapitalAccount`	$13.00M	USD	Point-in-time
General partners interest (2% interest with 9.9 million units issued and outstanding at March 31, 2018 and December 31, 2017)	`GeneralPartnersCapitalAccount`	$12.00M	USD	Point-in-time
Total partners equity	`PartnersCapital`	$725.00M	USD	Point-in-time
Total partners equity	`PartnersCapital`	$639.00M	USD	Point-in-time
Total liabilities and partners equity	`LiabilitiesAndStockholdersEquity`	$17.46B	USD	Point-in-time
Total liabilities and partners equity	`LiabilitiesAndStockholdersEquity`	$17.55B	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
LNG revenues	`OilAndGasSalesRevenue`	$1.01B	USD	1 Quarter
LNG revenues	`OilAndGasSalesRevenue`	$492.00M	USD	1 Quarter
LNG revenuesaffiliate	`RevenueFromRelatedParties`	$331.00M	USD	1 Quarter
LNG revenuesaffiliate	`RevenueFromRelatedParties`	$503.00M	USD	1 Quarter
Regasification revenues	`SalesRevenueServicesNet`	$65.00M	USD	1 Quarter
Regasification revenues	`SalesRevenueServicesNet`	$65.00M	USD	1 Quarter
Other revenues	`OtherSalesRevenueNet`	$2.00M	USD	1 Quarter
Other revenues	`OtherSalesRevenueNet`	$10.00M	USD	1 Quarter
Other revenuesaffiliate	`RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty`	-	USD	1 Quarter
Other revenuesaffiliate	`RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty`	$1.00M	USD	1 Quarter
Total revenues	`Revenues`	$1.59B	USD	1 Quarter
Total revenues	`Revenues`	$891.00M	USD	1 Quarter
Cost of sales (excluding depreciation and amortization expense shown separately below)	`CostOfGoodsSold`	$837.00M	USD	1 Quarter
Cost of sales (excluding depreciation and amortization expense shown separately below)	`CostOfGoodsSold`	$513.00M	USD	1 Quarter
Operating and maintenance expense	`OperatingCostsAndExpenses`	$95.00M	USD	1 Quarter
Operating and maintenance expense	`OperatingCostsAndExpenses`	$50.00M	USD	1 Quarter
Operating and maintenance expenseaffiliate	`CostsAndExpensesRelatedParty`	$18.00M	USD	1 Quarter
Operating and maintenance expenseaffiliate	`CostsAndExpensesRelatedParty`	$26.00M	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$4.00M	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`	$18.00M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$105.00M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$66.00M	USD	1 Quarter
Total operating costs and expenses	`OperatingExpenses`	$1.08B	USD	1 Quarter
Total operating costs and expenses	`OperatingExpenses`	$672.00M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$508.00M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$219.00M	USD	1 Quarter
Interest expense, net of capitalized interest	`InterestExpense`	$130.00M	USD	1 Quarter
Interest expense, net of capitalized interest	`InterestExpense`	$185.00M	USD	1 Quarter
Loss on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-42.00M	USD	1 Quarter
Loss on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Derivative gain, net	`GainLossOnDerivativeInstrumentsNetPretax`	$8.00M	USD	1 Quarter
Derivative gain, net	`GainLossOnDerivativeInstrumentsNetPretax`	-	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	-	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$4.00M	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-172.00M	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-173.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$335.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$47.00M	USD	1 Quarter
Basic and diluted net income (loss) per common unit	`EarningsPerShareBasicAndDiluted`	$-0.80	USD	1 Quarter
Basic and diluted net income (loss) per common unit	`EarningsPerShareBasicAndDiluted`	$0.67	USD	1 Quarter
Weighted average number of common units outstanding used for basic and diluted net income (loss) per common unit calculation	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	57.10M	shares	1 Quarter
Weighted average number of common units outstanding used for basic and diluted net income (loss) per common unit calculation	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	348.60M	shares	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$335.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$47.00M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$105.00M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$66.00M	USD	1 Quarter
Amortization of debt issuance costs, deferred commitment fees, premium and discount	`AmortizationOfFinancingCostsAndDiscounts`	$8.00M	USD	1 Quarter
Amortization of debt issuance costs, deferred commitment fees, premium and discount	`AmortizationOfFinancingCostsAndDiscounts`	$10.00M	USD	1 Quarter
Loss on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-42.00M	USD	1 Quarter
Loss on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Total losses on derivatives, net	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$-42.00M	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
Other	`OtherNoncashIncomeExpense`	-	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-2.00M	USD	1 Quarter
Accounts and other receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$11.00M	USD	1 Quarter
Accounts and other receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$50.00M	USD	1 Quarter
Accounts receivableaffiliate	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$-48.00M	USD	1 Quarter
Accounts receivableaffiliate	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$-59.00M	USD	1 Quarter
Advances to affiliate	`IncreaseDecreaseInAdvancesToAffiliate`	$41.00M	USD	1 Quarter
Advances to affiliate	`IncreaseDecreaseInAdvancesToAffiliate`	$56.00M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-17.00M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-12.00M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-38.00M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-69.00M	USD	1 Quarter
Due to affiliates	`IncreaseDecreaseInDueToAffiliates`	$-25.00M	USD	1 Quarter
Due to affiliates	`IncreaseDecreaseInDueToAffiliates`	$-68.00M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-18.00M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-11.00M	USD	1 Quarter
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	-	USD	1 Quarter
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-1.00M	USD	1 Quarter
Other, netaffiliate	`IncreaseDecreaseInOtherOperatingActivitiesAffiliate`	$-16.00M	USD	1 Quarter
Other, netaffiliate	`IncreaseDecreaseInOtherOperatingActivitiesAffiliate`	-	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$115.00M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$331.00M	USD	1 Quarter
Property, plant and equipment, net	`PaymentsToAcquirePropertyPlantAndEquipment`	$524.00M	USD	1 Quarter
Property, plant and equipment, net	`PaymentsToAcquirePropertyPlantAndEquipment`	$194.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-194.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-524.00M	USD	1 Quarter
Proceeds from issuances of debt	`ProceedsFromIssuanceOfDebt`	$2.31B	USD	1 Quarter
Proceeds from issuances of debt	`ProceedsFromIssuanceOfDebt`	-	USD	1 Quarter
Repayments of debt	`RepaymentsOfDebt`	-	USD	1 Quarter
Repayments of debt	`RepaymentsOfDebt`	$703.00M	USD	1 Quarter
Debt issuance and deferred financing costs	`PaymentsOfDebtIssuanceCosts`	-	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`	$249.00M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-249.00M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.56B	USD	1 Quarter
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-112.00M	USD	1 Quarter
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$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`	$1.48B	USD	Point-in-time
Cash, cash equivalents and restricted cashbeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.59B	USD	Point-in-time
Cash, cash equivalents and restricted cashbeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.76B	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`	$1.48B	USD	Point-in-time
Cash, cash equivalents and restricted cashend of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.59B	USD	Point-in-time
Cash, cash equivalents and restricted cashend of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.76B	USD	Point-in-time

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Partners' equity, beginning of period	`PartnersCapital`	$725.00M	USD	Point-in-time
Partners' equity, beginning of period	`PartnersCapital`	$639.00M	USD	Point-in-time
General partner units, Outstanding, beginning of period	`GeneralPartnersCapitalAccountUnitsOutstanding`	9.90M	shares	Point-in-time
General partner units, Outstanding, beginning of period	`GeneralPartnersCapitalAccountUnitsOutstanding`	9.90M	shares	Point-in-time
Net income	`NetIncomeLoss`	$335.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$47.00M	USD	1 Quarter
Distributions	`PartnersCapitalAccountDistributions`	$249.00M	USD	1 Quarter
Partners' equity, end of period	`PartnersCapital`	$725.00M	USD	Point-in-time
Partners' equity, end of period	`PartnersCapital`	$639.00M	USD	Point-in-time
General partner units, Outstanding, end of period	`GeneralPartnersCapitalAccountUnitsOutstanding`	9.90M	shares	Point-in-time
General partner units, Outstanding, end of period	`GeneralPartnersCapitalAccountUnitsOutstanding`	9.90M	shares	Point-in-time

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