10-Q Filing

CHENIERE ENERGY PARTNERS, L.P. CIK: 1383650 Q1 2020

Filing Information

Form Type	10-Q
Accession Number	`0001383650-20-000016`
Period End Date	20200331
Filing Date	20200430
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	cqp2020form10q1stqtr_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 36 Cash Flow Statement 58 Stockholders Equity 14

Balance Sheet 76 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.78B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.73B	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$109.00M	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$181.00M	USD	Point-in-time
Accounts and other receivables	`ReceivablesNetCurrent`	$297.00M	USD	Point-in-time
Accounts and other receivables	`ReceivablesNetCurrent`	$259.00M	USD	Point-in-time
Accounts receivableaffiliate	`AccountsReceivableRelatedPartiesCurrent`	$105.00M	USD	Point-in-time
Accounts receivableaffiliate	`AccountsReceivableRelatedPartiesCurrent`	$38.00M	USD	Point-in-time
Advances to affiliate	`AdvancesToAffiliateCurrent`	$146.00M	USD	Point-in-time
Advances to affiliate	`AdvancesToAffiliateCurrent`	$158.00M	USD	Point-in-time
Inventory	`InventoryNet`	$116.00M	USD	Point-in-time
Inventory	`InventoryNet`	$98.00M	USD	Point-in-time
Derivative assets	`DerivativeAssetsCurrent`	$13.00M	USD	Point-in-time
Derivative assets	`DerivativeAssetsCurrent`	$17.00M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$51.00M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$49.00M	USD	Point-in-time
Other current assetsaffiliate	`OtherCurrentAssetsRelatedParty`	$1.00M	USD	Point-in-time
Other current assetsaffiliate	`OtherCurrentAssetsRelatedParty`	$2.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.45B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.71B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$16.48B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$16.37B	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
Operating lease assets, net	`OperatingLeaseRightOfUseAsset`	$94.00M	USD	Point-in-time
Operating lease assets, net	`OperatingLeaseRightOfUseAsset`	$92.00M	USD	Point-in-time
General Partners' Capital Account, Units Outstanding	`GeneralPartnersCapitalAccountUnitsOutstanding`	9.90M	shares	Point-in-time
Debt issuance costs, net	`DebtIssuanceCostsLineOfCreditArrangementsNet`	$15.00M	USD	Point-in-time
Debt issuance costs, net	`DebtIssuanceCostsLineOfCreditArrangementsNet`	$20.00M	USD	Point-in-time
General Partners' Capital Account, Units Outstanding	`GeneralPartnersCapitalAccountUnitsOutstanding`	9.90M	shares	Point-in-time
Non-current derivative assets	`DerivativeAssetsNoncurrent`	$32.00M	USD	Point-in-time
Non-current derivative assets	`DerivativeAssetsNoncurrent`	$41.00M	USD	Point-in-time
Other non-current assets, net	`OtherAssetsNoncurrent`	$168.00M	USD	Point-in-time
Other non-current assets, net	`OtherAssetsNoncurrent`	$156.00M	USD	Point-in-time
Total assets	`Assets`	$19.38B	USD	Point-in-time
Total assets	`Assets`	$19.23B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$40.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$8.00M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$569.00M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$709.00M	USD	Point-in-time
Current debt	`ShortTermBorrowings`	$2.00B	USD	Point-in-time
Current debt	`ShortTermBorrowings`	-	USD	Point-in-time
Due to affiliates	`DueToAffiliateCurrent`	$30.00M	USD	Point-in-time
Due to affiliates	`DueToAffiliateCurrent`	$46.00M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$94.00M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$155.00M	USD	Point-in-time
Deferred revenueaffiliate	`DeferredRevenueRelatedPartyCurrent`	-	USD	Point-in-time
Deferred revenueaffiliate	`DeferredRevenueRelatedPartyCurrent`	$1.00M	USD	Point-in-time
Current operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$6.00M	USD	Point-in-time
Current operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$6.00M	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesCurrent`	$12.00M	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesCurrent`	$9.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.71B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$966.00M	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$15.59B	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$17.58B	USD	Point-in-time
Non-current operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$87.00M	USD	Point-in-time
Non-current operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$85.00M	USD	Point-in-time
Non-current derivative liabilities	`DerivativeLiabilitiesNoncurrent`	$2.00M	USD	Point-in-time
Non-current derivative liabilities	`DerivativeLiabilitiesNoncurrent`	$16.00M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$1.00M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$1.00M	USD	Point-in-time
Other non-current liabilitiesaffiliate	`OtherNonCurrentLiabilitiesRelatedParty`	$19.00M	USD	Point-in-time
Other non-current liabilitiesaffiliate	`OtherNonCurrentLiabilitiesRelatedParty`	$20.00M	USD	Point-in-time
Common unitholders interest (348.6 million units issued and outstanding at March 31, 2020 and December 31, 2019)	`CommonUnitholdersEquity`	$1.88B	USD	Point-in-time
Common unitholders interest (348.6 million units issued and outstanding at March 31, 2020 and December 31, 2019)	`CommonUnitholdersEquity`	$1.79B	USD	Point-in-time
Subordinated unitholders interest (135.4 million units issued and outstanding at March 31, 2020 and December 31, 2019)	`SubordinatedUnitholdersEquity`	$-962.00M	USD	Point-in-time
Subordinated unitholders interest (135.4 million units issued and outstanding at March 31, 2020 and December 31, 2019)	`SubordinatedUnitholdersEquity`	$-996.00M	USD	Point-in-time
General partners interest (2% interest with 9.9 million units issued and outstanding at March 31, 2020 and December 31, 2019)	`GeneralPartnersCapitalAccount`	$-97.00M	USD	Point-in-time
General partners interest (2% interest with 9.9 million units issued and outstanding at March 31, 2020 and December 31, 2019)	`GeneralPartnersCapitalAccount`	$-81.00M	USD	Point-in-time
Total partners equity	`PartnersCapital`	$820.00M	USD	Point-in-time
Total partners equity	`PartnersCapital`	$800.00M	USD	Point-in-time
Total partners equity	`PartnersCapital`	$881.00M	USD	Point-in-time
Total partners equity	`PartnersCapital`	$715.00M	USD	Point-in-time
Total liabilities and partners equity	`LiabilitiesAndStockholdersEquity`	$19.23B	USD	Point-in-time
Total liabilities and partners equity	`LiabilitiesAndStockholdersEquity`	$19.38B	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$1.75B	USD	1 Quarter
Revenues	`Revenues`	$1.72B	USD	1 Quarter
Revenues from contracts with customers	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.75B	USD	1 Quarter
Revenues from contracts with customers	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.72B	USD	1 Quarter
Cost of sales (excluding items shown separately below)	`CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization`	$699.00M	USD	1 Quarter
Cost of sales (excluding items shown separately below)	`CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization`	$879.00M	USD	1 Quarter
Operating and maintenance expense	`OperatingCostsAndExpenses`	$138.00M	USD	1 Quarter
Operating and maintenance expense	`OperatingCostsAndExpenses`	$152.00M	USD	1 Quarter
Operating and maintenance expenseaffiliate	`RelatedPartyOperatingCostsAndExpenses`	$33.00M	USD	1 Quarter
Operating and maintenance expenseaffiliate	`RelatedPartyOperatingCostsAndExpenses`	$29.00M	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$2.00M	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$3.00M	USD	1 Quarter
General and administrative expenseaffiliate	`RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty`	$25.00M	USD	1 Quarter
General and administrative expenseaffiliate	`RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty`	$21.00M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$138.00M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$114.00M	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`	$-5.00M	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$1.05B	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$1.19B	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$563.00M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$664.00M	USD	1 Quarter
Interest expense, net of capitalized interest	`InterestExpense`	$187.00M	USD	1 Quarter
Interest expense, net of capitalized interest	`InterestExpense`	$234.00M	USD	1 Quarter
Loss on modification or extinguishment of debt	`GainsLossesonModificationorExtinguishmentofDebt`	$-1.00M	USD	1 Quarter
Loss on modification or extinguishment of debt	`GainsLossesonModificationorExtinguishmentofDebt`	-	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$9.00M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$6.00M	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-178.00M	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-229.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$385.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$435.00M	USD	1 Quarter
Basic and diluted net income per common unit	`EarningsPerShareBasicAndDiluted`	$0.75	USD	1 Quarter
Basic and diluted net income per common unit	`EarningsPerShareBasicAndDiluted`	$0.84	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 58 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$385.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$435.00M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$138.00M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$114.00M	USD	1 Quarter
Amortization of debt issuance costs, premium and discount	`AmortizationOfFinancingCostsAndDiscounts`	$6.00M	USD	1 Quarter
Amortization of debt issuance costs, premium and discount	`AmortizationOfFinancingCostsAndDiscounts`	$9.00M	USD	1 Quarter
Loss on modification or extinguishment of debt	`GainsLossesonModificationorExtinguishmentofDebt`	$-1.00M	USD	1 Quarter
Loss on modification or extinguishment of debt	`GainsLossesonModificationorExtinguishmentofDebt`	-	USD	1 Quarter
Total gains on derivatives, net	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$21.00M	USD	1 Quarter
Total gains on derivatives, net	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$77.00M	USD	1 Quarter
Net cash provided by settlement of derivative instruments	`GainLossOnSaleOfDerivatives`	$-5.00M	USD	1 Quarter
Net cash provided by 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`	$-5.00M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-2.00M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-3.00M	USD	1 Quarter
Accounts and other receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$-105.00M	USD	1 Quarter
Accounts and other receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$-38.00M	USD	1 Quarter
Accounts receivableaffiliate	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$-1.00M	USD	1 Quarter
Accounts receivableaffiliate	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$-67.00M	USD	1 Quarter
Advances to affiliate	`IncreaseDecreaseInAdvancesToAffiliate`	$-17.00M	USD	1 Quarter
Advances to affiliate	`IncreaseDecreaseInAdvancesToAffiliate`	$26.00M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$9.00M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-19.00M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-131.00M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-100.00M	USD	1 Quarter
Due to affiliates	`IncreaseDecreaseInDueToAffiliates`	$-14.00M	USD	1 Quarter
Due to affiliates	`IncreaseDecreaseInDueToAffiliates`	$-13.00M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-10.00M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-61.00M	USD	1 Quarter
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$7.00M	USD	1 Quarter
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$3.00M	USD	1 Quarter
Other, netaffiliate	`IncreaseDecreaseInOtherOperatingActivitiesAffiliate`	$4.00M	USD	1 Quarter
Other, netaffiliate	`IncreaseDecreaseInOtherOperatingActivitiesAffiliate`	$2.00M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$344.00M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$535.00M	USD	1 Quarter
Property, plant and equipment, net	`PaymentsToAcquirePropertyPlantAndEquipment`	$283.00M	USD	1 Quarter
Property, plant and equipment, net	`PaymentsToAcquirePropertyPlantAndEquipment`	$317.00M	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`	$-317.00M	USD	1 Quarter
Debt issuance and other financing costs	`PaymentsOfDebtIssuanceCosts`	-	USD	1 Quarter
Debt issuance and other financing costs	`PaymentsOfDebtIssuanceCosts`	$7.00M	USD	1 Quarter
Distributions to owners	`PaymentsOfCapitalDistribution`	$304.00M	USD	1 Quarter
Distributions to owners	`PaymentsOfCapitalDistribution`	$330.00M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-337.00M	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`	$-119.00M	USD	1 Quarter
Cash, cash equivalents and restricted cashbeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.54B	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`	$1.84B	USD	Point-in-time
Cash, cash equivalents and restricted cashbeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.96B	USD	Point-in-time
Cash, cash equivalents and restricted cashend of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.54B	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`	$1.84B	USD	Point-in-time
Cash, cash equivalents and restricted cashend of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.96B	USD	Point-in-time

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Partners' equity, beginning of period	`PartnersCapital`	$820.00M	USD	Point-in-time
Partners' equity, beginning of period	`PartnersCapital`	$800.00M	USD	Point-in-time
Partners' equity, beginning of period	`PartnersCapital`	$881.00M	USD	Point-in-time
Partners' equity, beginning of period	`PartnersCapital`	$715.00M	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`	$435.00M	USD	1 Quarter
Partners' equity, end of period	`PartnersCapital`	$820.00M	USD	Point-in-time
Partners' equity, end of period	`PartnersCapital`	$800.00M	USD	Point-in-time
Partners' equity, end of period	`PartnersCapital`	$881.00M	USD	Point-in-time
Partners' equity, end of period	`PartnersCapital`	$715.00M	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.