10-Q Filing

CHENIERE ENERGY PARTNERS, L.P. CIK: 1383650 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001383650-19-000014`
Period End Date	20190331
Filing Date	20190509
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	cqp2019form10q1stqtr_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 36 Cash Flow Statement 54 Stockholders Equity 15

Balance Sheet 74 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`	$1.54B	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$1.30B	USD	Point-in-time
Accounts and other receivables	`ReceivablesNetCurrent`	$348.00M	USD	Point-in-time
Accounts and other receivables	`ReceivablesNetCurrent`	$208.00M	USD	Point-in-time
Accounts receivableaffiliate	`AccountsReceivableRelatedPartiesCurrent`	$113.00M	USD	Point-in-time
Accounts receivableaffiliate	`AccountsReceivableRelatedPartiesCurrent`	$114.00M	USD	Point-in-time
Advances to affiliate	`AdvancesToAffiliateCurrent`	$316.00M	USD	Point-in-time
Advances to affiliate	`AdvancesToAffiliateCurrent`	$228.00M	USD	Point-in-time
Inventory	`InventoryNet`	$109.00M	USD	Point-in-time
Inventory	`InventoryNet`	$99.00M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$46.00M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$26.00M	USD	Point-in-time
Other current assetsaffiliate	`OtherCurrentAssetsRelatedParty`	-	USD	Point-in-time
General Partner Ownership Interest Percentage	`LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest`	0.02	pure	1 Quarter
Other current assetsaffiliate	`OtherCurrentAssetsRelatedParty`	$1.00M	USD	Point-in-time
General Partner Ownership Interest Percentage	`LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest`	0.02	pure	Annual
General Partners' Capital Account, Units Issued	`GeneralPartnersCapitalAccountUnitsIssued`	9.90M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$2.09B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.36B	USD	Point-in-time
General Partners' Capital Account, Units Issued	`GeneralPartnersCapitalAccountUnitsIssued`	9.90M	shares	Point-in-time
General Partners' Capital Account, Units Outstanding	`GeneralPartnersCapitalAccountUnitsOutstanding`	9.90M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$15.62B	USD	Point-in-time
General Partners' Capital Account, Units Outstanding	`GeneralPartnersCapitalAccountUnitsOutstanding`	9.90M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$15.39B	USD	Point-in-time
Operating lease assets, net	`OperatingLeaseRightOfUseAsset`	$93.00M	USD	Point-in-time
Operating lease assets, net	`OperatingLeaseRightOfUseAsset`	-	USD	Point-in-time
Debt issuance costs, net	`DebtIssuanceCostsLineOfCreditArrangementsNet`	$13.00M	USD	Point-in-time
Debt issuance costs, net	`DebtIssuanceCostsLineOfCreditArrangementsNet`	$11.00M	USD	Point-in-time
Non-current derivative assets	`DerivativeAssetsNoncurrent`	$36.00M	USD	Point-in-time
Non-current derivative assets	`DerivativeAssetsNoncurrent`	$31.00M	USD	Point-in-time
Other non-current assets, net	`OtherAssetsNoncurrent`	$160.00M	USD	Point-in-time
Other non-current assets, net	`OtherAssetsNoncurrent`	$184.00M	USD	Point-in-time
Total assets	`Assets`	$17.97B	USD	Point-in-time
Total assets	`Assets`	$18.00B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$31.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$15.00M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$725.00M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$821.00M	USD	Point-in-time
Due to affiliates	`DueToAffiliateCurrent`	$51.00M	USD	Point-in-time
Due to affiliates	`DueToAffiliateCurrent`	$49.00M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$116.00M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$106.00M	USD	Point-in-time
Deferred revenueaffiliate	`DeferredRevenueRelatedPartyCurrent`	$1.00M	USD	Point-in-time
Deferred revenueaffiliate	`DeferredRevenueRelatedPartyCurrent`	-	USD	Point-in-time
Current operating lease liabilities	`OperatingLeaseLiabilityCurrent`	-	USD	Point-in-time
Current operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$5.00M	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesCurrent`	$66.00M	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesCurrent`	$10.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.07B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$928.00M	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$16.07B	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$16.07B	USD	Point-in-time
Non-current operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$87.00M	USD	Point-in-time
Non-current operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Non-current derivative liabilities	`DerivativeLiabilitiesNoncurrent`	$14.00M	USD	Point-in-time
Non-current derivative liabilities	`DerivativeLiabilitiesNoncurrent`	$10.00M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$4.00M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$4.00M	USD	Point-in-time
Other non-current liabilitiesaffiliate	`OtherNonCurrentLiabilitiesRelatedParty`	$22.00M	USD	Point-in-time
Other non-current liabilitiesaffiliate	`OtherNonCurrentLiabilitiesRelatedParty`	$22.00M	USD	Point-in-time
Common unitholders interest (348.6 million units issued and outstanding at March 31, 2019 and December 31, 2018)	`CommonUnitholdersEquity`	$1.81B	USD	Point-in-time
Common unitholders interest (348.6 million units issued and outstanding at March 31, 2019 and December 31, 2018)	`CommonUnitholdersEquity`	$1.87B	USD	Point-in-time
Subordinated unitholders interest (135.4 million units issued and outstanding at March 31, 2019 and December 31, 2018)	`SubordinatedUnitholdersEquity`	$-990.00M	USD	Point-in-time
Subordinated unitholders interest (135.4 million units issued and outstanding at March 31, 2019 and December 31, 2018)	`SubordinatedUnitholdersEquity`	$-965.00M	USD	Point-in-time
General partners interest (2% interest with 9.9 million units issued and outstanding at March 31, 2019 and December 31, 2018)	`GeneralPartnersCapitalAccount`	$-16.00M	USD	Point-in-time
General partners interest (2% interest with 9.9 million units issued and outstanding at March 31, 2019 and December 31, 2018)	`GeneralPartnersCapitalAccount`	$-26.00M	USD	Point-in-time
Total partners equity	`PartnersCapital`	$881.00M	USD	Point-in-time
Total partners equity	`PartnersCapital`	$725.00M	USD	Point-in-time
Total partners equity	`PartnersCapital`	$800.00M	USD	Point-in-time
Total partners equity	`PartnersCapital`	$639.00M	USD	Point-in-time
Total liabilities and partners equity	`LiabilitiesAndStockholdersEquity`	$17.97B	USD	Point-in-time
Total liabilities and partners equity	`LiabilitiesAndStockholdersEquity`	$18.00B	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$1.75B	USD	1 Quarter
Revenues	`Revenues`	$1.59B	USD	1 Quarter
Revenues from contracts with customers	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.59B	USD	1 Quarter
Revenues from contracts with customers	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.75B	USD	1 Quarter
Cost of sales (excluding depreciation and amortization expense shown separately below)	`CostOfGoodsAndServicesSold`	$837.00M	USD	1 Quarter
Cost of sales (excluding depreciation and amortization expense shown separately below)	`CostOfGoodsAndServicesSold`	$879.00M	USD	1 Quarter
Operating and maintenance expense	`OperatingCostsAndExpenses`	$138.00M	USD	1 Quarter
Operating and maintenance expense	`OperatingCostsAndExpenses`	$95.00M	USD	1 Quarter
Operating and maintenance expenseaffiliate	`CostsAndExpensesRelatedParty`	$29.00M	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`	$18.00M	USD	1 Quarter
General and administrative expenseaffiliate	`RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty`	$21.00M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$114.00M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$105.00M	USD	1 Quarter
Impairment expense and loss on disposal of assets	`GainLossOnSalesOfAssetsAndAssetImpairmentCharges`	$-2.00M	USD	1 Quarter
Impairment expense and loss on disposal of assets	`GainLossOnSalesOfAssetsAndAssetImpairmentCharges`	-	USD	1 Quarter
Total operating costs and expenses	`OperatingExpenses`	$1.08B	USD	1 Quarter
Total operating costs and expenses	`OperatingExpenses`	$1.19B	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$563.00M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$508.00M	USD	1 Quarter
Interest expense, net of capitalized interest	`InterestExpense`	$187.00M	USD	1 Quarter
Interest expense, net of capitalized interest	`InterestExpense`	$185.00M	USD	1 Quarter
Derivative gain, net	`GainLossOnDerivativeInstrumentsNetPretax`	-	USD	1 Quarter
Derivative gain, net	`GainLossOnDerivativeInstrumentsNetPretax`	$8.00M	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$4.00M	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$9.00M	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-173.00M	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-178.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$385.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$335.00M	USD	1 Quarter
Basic and diluted net income per common unit	`EarningsPerShareBasicAndDiluted`	$0.67	USD	1 Quarter
Basic and diluted net income per common unit	`EarningsPerShareBasicAndDiluted`	$0.75	USD	1 Quarter
Weighted average number of common units outstanding used for basic and diluted net income per common unit calculation	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	348.60M	shares	1 Quarter
Weighted average number of common units outstanding used for basic and diluted net income per common unit calculation	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	348.60M	shares	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$385.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$335.00M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$114.00M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$105.00M	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`	$6.00M	USD	1 Quarter
Total losses (gains) on derivatives, net	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$-42.00M	USD	1 Quarter
Total losses (gains) on derivatives, net	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$77.00M	USD	1 Quarter
Net cash provided by (used for) settlement of derivative instruments	`GainLossOnSaleOfDerivatives`	$3.00M	USD	1 Quarter
Net cash provided by (used for) settlement of derivative instruments	`GainLossOnSaleOfDerivatives`	$-5.00M	USD	1 Quarter
Impairment expense and loss on disposal of assets	`GainLossOnSalesOfAssetsAndAssetImpairmentCharges`	$-2.00M	USD	1 Quarter
Impairment expense and loss on disposal of assets	`GainLossOnSalesOfAssetsAndAssetImpairmentCharges`	-	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-2.00M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-2.00M	USD	1 Quarter
Accounts and other receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$-105.00M	USD	1 Quarter
Accounts and other receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$50.00M	USD	1 Quarter
Accounts receivableaffiliate	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$-48.00M	USD	1 Quarter
Accounts receivableaffiliate	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$-1.00M	USD	1 Quarter
Advances to affiliate	`IncreaseDecreaseInAdvancesToAffiliate`	$56.00M	USD	1 Quarter
Advances to affiliate	`IncreaseDecreaseInAdvancesToAffiliate`	$26.00M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-12.00M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$9.00M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-131.00M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-69.00M	USD	1 Quarter
Due to affiliates	`IncreaseDecreaseInDueToAffiliates`	$-14.00M	USD	1 Quarter
Due to affiliates	`IncreaseDecreaseInDueToAffiliates`	$-25.00M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-10.00M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-18.00M	USD	1 Quarter
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$7.00M	USD	1 Quarter
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	-	USD	1 Quarter
Other, netaffiliate	`IncreaseDecreaseInOtherOperatingActivitiesAffiliate`	$2.00M	USD	1 Quarter
Other, netaffiliate	`IncreaseDecreaseInOtherOperatingActivitiesAffiliate`	-	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$331.00M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$344.00M	USD	1 Quarter
Property, plant and equipment, net	`PaymentsToAcquirePropertyPlantAndEquipment`	$194.00M	USD	1 Quarter
Property, plant and equipment, net	`PaymentsToAcquirePropertyPlantAndEquipment`	$283.00M	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	-	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$1.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-284.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-194.00M	USD	1 Quarter
Distributions to owners	`PaymentsOfCapitalDistribution`	$304.00M	USD	1 Quarter
Distributions to owners	`PaymentsOfCapitalDistribution`	$249.00M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-249.00M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-304.00M	USD	1 Quarter
Net decrease in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-244.00M	USD	1 Quarter
Net decrease in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-112.00M	USD	1 Quarter
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`	$1.30B	USD	Point-in-time
Cash, cash equivalents and restricted cashbeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.54B	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`	$1.30B	USD	Point-in-time
Cash, cash equivalents and restricted cashend of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.54B	USD	Point-in-time

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Partners' equity, beginning of period	`PartnersCapital`	$881.00M	USD	Point-in-time
Partners' equity, beginning of period	`PartnersCapital`	$725.00M	USD	Point-in-time
Partners' equity, beginning of period	`PartnersCapital`	$800.00M	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`	$385.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$335.00M	USD	1 Quarter
Distributions	`PartnersCapitalAccountDistributions`	-	USD	1 Quarter
Partners' equity, end of period	`PartnersCapital`	$881.00M	USD	Point-in-time
Partners' equity, end of period	`PartnersCapital`	$725.00M	USD	Point-in-time
Partners' equity, end of period	`PartnersCapital`	$800.00M	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.