10-Q Filing

CHENIERE ENERGY PARTNERS, L.P. CIK: 1383650 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001383650-21-000015`
Period End Date	20210331
Filing Date	20210504
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	cqp-20210331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 38 Cash Flow Statement 66 Stockholders Equity 10

Balance Sheet 72 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.22B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.21B	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$123.00M	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$97.00M	USD	Point-in-time
Accounts and other receivables, net	`ReceivablesNetCurrent`	$373.00M	USD	Point-in-time
Accounts and other receivables, net	`ReceivablesNetCurrent`	$318.00M	USD	Point-in-time
Accounts receivableaffiliate	`AccountsReceivableRelatedPartiesCurrent`	$98.00M	USD	Point-in-time
Accounts receivableaffiliate	`AccountsReceivableRelatedPartiesCurrent`	$184.00M	USD	Point-in-time
Advances to affiliate	`AdvancesToAffiliateCurrent`	$127.00M	USD	Point-in-time
Advances to affiliate	`AdvancesToAffiliateCurrent`	$144.00M	USD	Point-in-time
Inventory	`InventoryNet`	$103.00M	USD	Point-in-time
Inventory	`InventoryNet`	$107.00M	USD	Point-in-time
Derivative assets	`DerivativeAssetsCurrent`	$16.00M	USD	Point-in-time
Derivative assets	`DerivativeAssetsCurrent`	$14.00M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$59.00M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$61.00M	USD	Point-in-time
Other current assetsaffiliate	`OtherCurrentAssetsRelatedParty`	-	USD	Point-in-time
Other current assetsaffiliate	`OtherCurrentAssetsRelatedParty`	$2.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.13B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.12B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$16.72B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$16.73B	USD	Point-in-time
Operating lease assets, net	`OperatingLeaseRightOfUseAsset`	$97.00M	USD	Point-in-time
Operating lease assets, net	`OperatingLeaseRightOfUseAsset`	$99.00M	USD	Point-in-time
Debt issuance costs, net	`DebtIssuanceCostsLineOfCreditArrangementsNet`	$16.00M	USD	Point-in-time
Debt issuance costs, net	`DebtIssuanceCostsLineOfCreditArrangementsNet`	$17.00M	USD	Point-in-time
Non-current derivative assets	`DerivativeAssetsNoncurrent`	$11.00M	USD	Point-in-time
Non-current derivative assets	`DerivativeAssetsNoncurrent`	$9.00M	USD	Point-in-time
Other non-current assets, net	`OtherAssetsNoncurrent`	$177.00M	USD	Point-in-time
Other non-current assets, net	`OtherAssetsNoncurrent`	$160.00M	USD	Point-in-time
Total assets	`Assets`	$19.15B	USD	Point-in-time
Total assets	`Assets`	$19.14B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$11.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$12.00M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$658.00M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$704.00M	USD	Point-in-time
Accrued liabilitiesrelated party	`AccruedLiabilitiesRelatedParty`	$3.00M	USD	Point-in-time
Accrued liabilitiesrelated party	`AccruedLiabilitiesRelatedParty`	$4.00M	USD	Point-in-time
Current debt	`DebtCurrent`	$850.00M	USD	Point-in-time
Current debt	`DebtCurrent`	-	USD	Point-in-time
Due to affiliates	`DueToAffiliateCurrent`	$31.00M	USD	Point-in-time
Due to affiliates	`DueToAffiliateCurrent`	$53.00M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$101.00M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$137.00M	USD	Point-in-time
Deferred revenueaffiliate	`DeferredRevenueRelatedPartyCurrent`	$5.00M	USD	Point-in-time
Deferred revenueaffiliate	`DeferredRevenueRelatedPartyCurrent`	$1.00M	USD	Point-in-time
Current operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$7.00M	USD	Point-in-time
Current operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$8.00M	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesCurrent`	$11.00M	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesCurrent`	$26.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$883.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.74B	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$17.58B	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$16.73B	USD	Point-in-time
Non-current operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$90.00M	USD	Point-in-time
Non-current operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$89.00M	USD	Point-in-time
Non-current derivative liabilities	`DerivativeLiabilitiesNoncurrent`	$42.00M	USD	Point-in-time
Non-current derivative liabilities	`DerivativeLiabilitiesNoncurrent`	$35.00M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	-	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$1.00M	USD	Point-in-time
Other non-current liabilitiesaffiliate	`OtherNonCurrentLiabilitiesRelatedParty`	$16.00M	USD	Point-in-time
Other non-current liabilitiesaffiliate	`OtherNonCurrentLiabilitiesRelatedParty`	$17.00M	USD	Point-in-time
Common unitholders interest (484.0 million units issued and outstanding at both March 31, 2021 and December 31, 2020)	`CommonUnitholdersEquity`	$714.00M	USD	Point-in-time
Common unitholders interest (484.0 million units issued and outstanding at both March 31, 2021 and December 31, 2020)	`CommonUnitholdersEquity`	$738.00M	USD	Point-in-time
General partners interest (2% interest with 9.9 million units issued and outstanding at March 31, 2021 and December 31, 2020)	`GeneralPartnersCapitalAccount`	$-203.00M	USD	Point-in-time
General partners interest (2% interest with 9.9 million units issued and outstanding at March 31, 2021 and December 31, 2020)	`GeneralPartnersCapitalAccount`	$-175.00M	USD	Point-in-time
Total partners equity	`PartnersCapital`	$535.00M	USD	Point-in-time
Total partners equity	`PartnersCapital`	$715.00M	USD	Point-in-time
Total partners equity	`PartnersCapital`	$539.00M	USD	Point-in-time
Total partners equity	`PartnersCapital`	$820.00M	USD	Point-in-time
Total liabilities and partners equity	`LiabilitiesAndStockholdersEquity`	$19.15B	USD	Point-in-time
Total liabilities and partners equity	`LiabilitiesAndStockholdersEquity`	$19.14B	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$1.96B	USD	1 Quarter
Revenues	`Revenues`	$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`	$948.00M	USD	1 Quarter
Cost of salesaffiliate	`AffiliateCosts`	-	USD	1 Quarter
Cost of salesaffiliate	`AffiliateCosts`	$42.00M	USD	1 Quarter
Operating and maintenance expense	`OperatingCostsAndExpenses`	$149.00M	USD	1 Quarter
Operating and maintenance expense	`OperatingCostsAndExpenses`	$152.00M	USD	1 Quarter
Operating and maintenance expenseaffiliate	`AffiliateOperatingCostsAndExpenses`	$33.00M	USD	1 Quarter
Operating and maintenance expenseaffiliate	`AffiliateOperatingCostsAndExpenses`	$34.00M	USD	1 Quarter
Operating and maintenance expenserelated party	`RelatedPartyOperatingCostsAndExpenses`	$10.00M	USD	1 Quarter
Operating and maintenance expenserelated party	`RelatedPartyOperatingCostsAndExpenses`	-	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$2.00M	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$2.00M	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`	$139.00M	USD	1 Quarter
Impairment expense and loss on disposal of assets	`GainLossOnSalesOfAssetsAndAssetImpairmentCharges`	-	USD	1 Quarter
Impairment expense and loss on disposal of assets	`GainLossOnSalesOfAssetsAndAssetImpairmentCharges`	$-5.00M	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$1.34B	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$1.05B	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$618.00M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$664.00M	USD	1 Quarter
Interest expense, net of capitalized interest	`InterestExpense`	$217.00M	USD	1 Quarter
Interest expense, net of capitalized interest	`InterestExpense`	$234.00M	USD	1 Quarter
Loss on modification or extinguishment of debt	`GainsLossesonModificationorExtinguishmentofDebt`	$-54.00M	USD	1 Quarter
Loss on modification or extinguishment of debt	`GainsLossesonModificationorExtinguishmentofDebt`	$-1.00M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	-	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$6.00M	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-271.00M	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-229.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$347.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$435.00M	USD	1 Quarter
Basic and diluted net income per common unit	`EarningsPerShareBasicAndDiluted`	$0.84	USD	1 Quarter
Basic and diluted net income per common unit	`EarningsPerShareBasicAndDiluted`	$0.64	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`	484.00M	shares	1 Quarter

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLoss`	$347.00M	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`	$139.00M	USD	1 Quarter
Amortization of debt issuance costs, premium and discount	`AmortizationOfFinancingCostsAndDiscounts`	$9.00M	USD	1 Quarter
Amortization of debt issuance costs, premium and discount	`AmortizationOfFinancingCostsAndDiscounts`	$8.00M	USD	1 Quarter
Loss on modification or extinguishment of debt	`GainsLossesonModificationorExtinguishmentofDebt`	$-54.00M	USD	1 Quarter
Loss on modification or extinguishment of debt	`GainsLossesonModificationorExtinguishmentofDebt`	$-1.00M	USD	1 Quarter
Total losses (gains) on derivatives, net	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$21.00M	USD	1 Quarter
Total losses (gains) on derivatives, net	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$-2.00M	USD	1 Quarter
Net cash provided by settlement of derivative instruments	`GainLossOnSaleOfDerivatives`	$-20.00M	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`	-	USD	1 Quarter
Impairment expense and loss on disposal of assets	`GainLossOnSalesOfAssetsAndAssetImpairmentCharges`	$-5.00M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-3.00M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-3.00M	USD	1 Quarter
Accounts and other receivables, net	`IncreaseDecreaseInAccountsAndOtherReceivables`	$56.00M	USD	1 Quarter
Accounts and other receivables, net	`IncreaseDecreaseInAccountsAndOtherReceivables`	$-38.00M	USD	1 Quarter
Accounts receivableaffiliate	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$-86.00M	USD	1 Quarter
Accounts receivableaffiliate	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$-67.00M	USD	1 Quarter
Advances to affiliate	`IncreaseDecreaseInAdvancesToAffiliate`	$-17.00M	USD	1 Quarter
Advances to affiliate	`IncreaseDecreaseInAdvancesToAffiliate`	$-18.00M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-4.00M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-19.00M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$24.00M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-100.00M	USD	1 Quarter
Accrued liabilitiesrelated party	`IncreaseDecreaseInAccruedLiabilitiesRelatedParties`	$-1.00M	USD	1 Quarter
Accrued liabilitiesrelated party	`IncreaseDecreaseInAccruedLiabilitiesRelatedParties`	-	USD	1 Quarter
Due to affiliates	`IncreaseDecreaseInDueToAffiliates`	$-20.00M	USD	1 Quarter
Due to affiliates	`IncreaseDecreaseInDueToAffiliates`	$-13.00M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-36.00M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-61.00M	USD	1 Quarter
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$6.00M	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`	$535.00M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$588.00M	USD	1 Quarter
Property, plant and equipment, net	`PaymentsToAcquirePropertyPlantAndEquipment`	$146.00M	USD	1 Quarter
Property, plant and equipment, net	`PaymentsToAcquirePropertyPlantAndEquipment`	$317.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-146.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-317.00M	USD	1 Quarter
Proceeds from issuances of debt	`ProceedsFromIssuanceOfDebt`	-	USD	1 Quarter
Proceeds from issuances of debt	`ProceedsFromIssuanceOfDebt`	$1.50B	USD	1 Quarter
Repayments of debt	`RepaymentsOfDebt`	-	USD	1 Quarter
Repayments of debt	`RepaymentsOfDebt`	$1.50B	USD	1 Quarter
Debt issuance and other financing costs	`PaymentsOfDebtIssuanceCosts`	$19.00M	USD	1 Quarter
Debt issuance and other financing costs	`PaymentsOfDebtIssuanceCosts`	$7.00M	USD	1 Quarter
Debt extinguishment costs	`PaymentsOfDebtExtinguishmentCosts`	-	USD	1 Quarter
Debt extinguishment costs	`PaymentsOfDebtExtinguishmentCosts`	$40.00M	USD	1 Quarter
Distributions to owners	`PaymentsOfCapitalDistribution`	$351.00M	USD	1 Quarter
Distributions to owners	`PaymentsOfCapitalDistribution`	$330.00M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$3.00M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	-	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-407.00M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-337.00M	USD	1 Quarter
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-119.00M	USD	1 Quarter
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$35.00M	USD	1 Quarter
Cash, cash equivalents and restricted cashbeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.96B	USD	Point-in-time
Cash, cash equivalents and restricted cashbeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.34B	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`	$1.31B	USD	Point-in-time
Cash, cash equivalents and restricted cashend of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.96B	USD	Point-in-time
Cash, cash equivalents and restricted cashend of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.34B	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`	$1.31B	USD	Point-in-time

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Partners' equity, beginning of period	`PartnersCapital`	$535.00M	USD	Point-in-time
Partners' equity, beginning of period	`PartnersCapital`	$715.00M	USD	Point-in-time
Partners' equity, beginning of period	`PartnersCapital`	$539.00M	USD	Point-in-time
Partners' equity, beginning of period	`PartnersCapital`	$820.00M	USD	Point-in-time
Net income	`NetIncomeLoss`	$347.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$435.00M	USD	1 Quarter
Partners' equity, end of period	`PartnersCapital`	$535.00M	USD	Point-in-time
Partners' equity, end of period	`PartnersCapital`	$715.00M	USD	Point-in-time
Partners' equity, end of period	`PartnersCapital`	$539.00M	USD	Point-in-time
Partners' equity, end of period	`PartnersCapital`	$820.00M	USD	Point-in-time

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