10-Q Filing

CHENIERE ENERGY PARTNERS, L.P. CIK: 1383650 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001383650-22-000018`
Period End Date	20220331
Filing Date	20220504
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	cqp-20220331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 34 Cash Flow Statement 64 Stockholders Equity 11

Balance Sheet 70 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.16B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$876.00M	USD	Point-in-time
Restricted cash and cash equivalents	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$98.00M	USD	Point-in-time
Restricted cash and cash equivalents	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$136.00M	USD	Point-in-time
Trade and other receivables, net of current expected credit losses	`ReceivablesNetCurrent`	$434.00M	USD	Point-in-time
Trade and other receivables, net of current expected credit losses	`ReceivablesNetCurrent`	$580.00M	USD	Point-in-time
Accounts receivableaffiliate	`DueFromAffiliateCurrent`	$232.00M	USD	Point-in-time
Accounts receivableaffiliate	`DueFromAffiliateCurrent`	$290.00M	USD	Point-in-time
Accounts receivablerelated party	`AccountsReceivableRelatedPartiesCurrent`	-	USD	Point-in-time
Accounts receivablerelated party	`AccountsReceivableRelatedPartiesCurrent`	$1.00M	USD	Point-in-time
Advances to affiliate	`AdvancesToAffiliateCurrent`	$141.00M	USD	Point-in-time
Advances to affiliate	`AdvancesToAffiliateCurrent`	$150.00M	USD	Point-in-time
Inventory	`InventoryNet`	$176.00M	USD	Point-in-time
Inventory	`InventoryNet`	$149.00M	USD	Point-in-time
Current derivative assets	`DerivativeAssetsCurrent`	$24.00M	USD	Point-in-time
Current derivative assets	`DerivativeAssetsCurrent`	$21.00M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$87.00M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$93.00M	USD	Point-in-time
Other current assetsaffiliate	`OtherCurrentAssetsRelatedParty`	$2.00M	USD	Point-in-time
Other current assetsaffiliate	`OtherCurrentAssetsRelatedParty`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.43B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.21B	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation	`PropertyPlantAndEquipmentNet`	$16.91B	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation	`PropertyPlantAndEquipmentNet`	$16.83B	USD	Point-in-time
Operating lease assets	`OperatingLeaseRightOfUseAsset`	$98.00M	USD	Point-in-time
Operating lease assets	`OperatingLeaseRightOfUseAsset`	$96.00M	USD	Point-in-time
Debt issuance costs, net of accumulated amortization	`DebtIssuanceCostsLineOfCreditArrangementsNet`	$12.00M	USD	Point-in-time
Debt issuance costs, net of accumulated amortization	`DebtIssuanceCostsLineOfCreditArrangementsNet`	$11.00M	USD	Point-in-time
Derivative assets	`DerivativeAssetsNoncurrent`	$30.00M	USD	Point-in-time
Derivative assets	`DerivativeAssetsNoncurrent`	$33.00M	USD	Point-in-time
Other non-current assets, net	`OtherAssetsNoncurrent`	$173.00M	USD	Point-in-time
Other non-current assets, net	`OtherAssetsNoncurrent`	$172.00M	USD	Point-in-time
Total assets	`Assets`	$19.36B	USD	Point-in-time
Total assets	`Assets`	$19.66B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$24.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$21.00M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.16B	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.07B	USD	Point-in-time
Accrued liabilitiesrelated party	`AccruedLiabilitiesRelatedParty`	$5.00M	USD	Point-in-time
Accrued liabilitiesrelated party	`AccruedLiabilitiesRelatedParty`	$4.00M	USD	Point-in-time
Due to affiliates	`DueToAffiliateCurrent`	$67.00M	USD	Point-in-time
Due to affiliates	`DueToAffiliateCurrent`	$32.00M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$155.00M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$116.00M	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`	$8.00M	USD	Point-in-time
Current operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$8.00M	USD	Point-in-time
Current derivative liabilities	`DerivativeLiabilitiesCurrent`	$16.00M	USD	Point-in-time
Current derivative liabilities	`DerivativeLiabilitiesCurrent`	$256.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.60B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.34B	USD	Point-in-time
Long-term debt, net of premium, discount and debt issuance costs	`LongTermDebtNoncurrent`	$17.18B	USD	Point-in-time
Long-term debt, net of premium, discount and debt issuance costs	`LongTermDebtNoncurrent`	$17.18B	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$87.00M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$89.00M	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesNoncurrent`	$3.00B	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesNoncurrent`	$11.00M	USD	Point-in-time
Other non-current liabilitiesaffiliate	`OtherNonCurrentLiabilitiesRelatedParty`	$18.00M	USD	Point-in-time
Other non-current liabilitiesaffiliate	`OtherNonCurrentLiabilitiesRelatedParty`	$18.00M	USD	Point-in-time
Common unitholders interest (484.0 million units issued and outstanding at both March 31, 2022 and December 31, 2021)	`CommonUnitholdersEquity`	$1.02B	USD	Point-in-time
Common unitholders interest (484.0 million units issued and outstanding at both March 31, 2022 and December 31, 2021)	`CommonUnitholdersEquity`	$-1.87B	USD	Point-in-time
General partners interest (2% interest with 9.9 million units issued and outstanding at March 31, 2022 and December 31, 2021)	`GeneralPartnersCapitalAccount`	$-306.00M	USD	Point-in-time
General partners interest (2% interest with 9.9 million units issued and outstanding at March 31, 2022 and December 31, 2021)	`GeneralPartnersCapitalAccount`	$-360.00M	USD	Point-in-time
Total partners' equity (deficit)	`PartnersCapital`	$-2.23B	USD	Point-in-time
Total partners' equity (deficit)	`PartnersCapital`	$535.00M	USD	Point-in-time
Total partners' equity (deficit)	`PartnersCapital`	$539.00M	USD	Point-in-time
Total partners' equity (deficit)	`PartnersCapital`	$718.00M	USD	Point-in-time
Total liabilities and partners' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$19.66B	USD	Point-in-time
Total liabilities and partners' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$19.36B	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$3.33B	USD	1 Quarter
Revenues	`Revenues`	$1.96B	USD	1 Quarter
Cost of sales (excluding items shown separately below)	`CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization`	$948.00M	USD	1 Quarter
Cost of sales (excluding items shown separately below)	`CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization`	$2.56B	USD	1 Quarter
Cost of salesaffiliate	`AffiliateCosts`	$42.00M	USD	1 Quarter
Cost of salesaffiliate	`AffiliateCosts`	$5.00M	USD	1 Quarter
Operating and maintenance expense	`OperatingCostsAndExpenses`	$170.00M	USD	1 Quarter
Operating and maintenance expense	`OperatingCostsAndExpenses`	$149.00M	USD	1 Quarter
Operating and maintenance expenseaffiliate	`AffiliateOperatingCostsAndExpenses`	$34.00M	USD	1 Quarter
Operating and maintenance expenseaffiliate	`AffiliateOperatingCostsAndExpenses`	$38.00M	USD	1 Quarter
Operating and maintenance expenserelated party	`RelatedPartyOperatingCostsAndExpenses`	$12.00M	USD	1 Quarter
Operating and maintenance expenserelated party	`RelatedPartyOperatingCostsAndExpenses`	$10.00M	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$3.00M	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$2.00M	USD	1 Quarter
General and administrative expenseaffiliate	`RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty`	$21.00M	USD	1 Quarter
General and administrative expenseaffiliate	`RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty`	$23.00M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$153.00M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$139.00M	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$1.34B	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$2.97B	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$362.00M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$618.00M	USD	1 Quarter
Interest expense, net of capitalized interest	`InterestExpense`	$217.00M	USD	1 Quarter
Interest expense, net of capitalized interest	`InterestExpense`	$203.00M	USD	1 Quarter
Loss on modification or extinguishment of debt	`GainsLossesonModificationorExtinguishmentofDebt`	-	USD	1 Quarter
Loss on modification or extinguishment of debt	`GainsLossesonModificationorExtinguishmentofDebt`	$-54.00M	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-203.00M	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-271.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$347.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$159.00M	USD	1 Quarter
Basic and diluted net income (loss) per common unit	`EarningsPerShareBasicAndDiluted`	$0.64	USD	1 Quarter
Basic and diluted net income (loss) per common unit	`EarningsPerShareBasicAndDiluted`	$-0.11	USD	1 Quarter
Weighted average number of common units outstanding used for basic and diluted net income (loss) per common unit calculation	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	484.00M	shares	1 Quarter
Weighted average number of common units outstanding used for basic and diluted net income (loss) per common unit calculation	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	484.00M	shares	1 Quarter

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$347.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$159.00M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$153.00M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$139.00M	USD	1 Quarter
Amortization of debt issuance costs, premium and discount	`AmortizationOfFinancingCostsAndDiscounts`	$8.00M	USD	1 Quarter
Amortization of debt issuance costs, premium and discount	`AmortizationOfFinancingCostsAndDiscounts`	$7.00M	USD	1 Quarter
Loss on modification or extinguishment of debt	`GainsLossesonModificationorExtinguishmentofDebt`	-	USD	1 Quarter
Loss on modification or extinguishment of debt	`GainsLossesonModificationorExtinguishmentofDebt`	$-54.00M	USD	1 Quarter
Total losses on derivative instruments, net	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$-525.00M	USD	1 Quarter
Total losses on derivative instruments, net	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$-2.00M	USD	1 Quarter
Net cash provided by (used for) settlement of derivative instruments	`GainLossOnSaleOfDerivatives`	$9.00M	USD	1 Quarter
Net cash provided by (used for) settlement of derivative instruments	`GainLossOnSaleOfDerivatives`	$-20.00M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-4.00M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-3.00M	USD	1 Quarter
Trade and other receivables, net of current expected credit losses	`IncreaseDecreaseInAccountsAndOtherReceivables`	$56.00M	USD	1 Quarter
Trade and other receivables, net of current expected credit losses	`IncreaseDecreaseInAccountsAndOtherReceivables`	$-88.00M	USD	1 Quarter
Accounts receivableaffiliate	`IncreaseDecreaseInDueFromAffiliatesCurrent`	$-86.00M	USD	1 Quarter
Accounts receivableaffiliate	`IncreaseDecreaseInDueFromAffiliatesCurrent`	$74.00M	USD	1 Quarter
Advances to affiliate	`IncreaseDecreaseInAdvancesToAffiliate`	$-18.00M	USD	1 Quarter
Advances to affiliate	`IncreaseDecreaseInAdvancesToAffiliate`	$8.00M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-25.00M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-4.00M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$24.00M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$13.00M	USD	1 Quarter
Accrued liabilitiesrelated party	`IncreaseDecreaseInAccruedLiabilitiesRelatedParties`	$1.00M	USD	1 Quarter
Accrued liabilitiesrelated party	`IncreaseDecreaseInAccruedLiabilitiesRelatedParties`	$-1.00M	USD	1 Quarter
Due to affiliates	`IncreaseDecreaseInDueToAffiliates`	$-20.00M	USD	1 Quarter
Due to affiliates	`IncreaseDecreaseInDueToAffiliates`	$-20.00M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-39.00M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-36.00M	USD	1 Quarter
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-24.00M	USD	1 Quarter
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-6.00M	USD	1 Quarter
Other, netaffiliate	`IncreaseDecreaseInOtherOperatingActivitiesAffiliate`	$2.00M	USD	1 Quarter
Other, netaffiliate	`IncreaseDecreaseInOtherOperatingActivitiesAffiliate`	$-1.00M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$588.00M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$800.00M	USD	1 Quarter
Property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$146.00M	USD	1 Quarter
Property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$87.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-146.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-87.00M	USD	1 Quarter
Proceeds from issuances of debt	`ProceedsFromIssuanceOfDebt`	-	USD	1 Quarter
Proceeds from issuances of debt	`ProceedsFromIssuanceOfDebt`	$1.50B	USD	1 Quarter
Redemptions and repayments of debt	`RepaymentsOfDebt`	-	USD	1 Quarter
Redemptions and 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`	-	USD	1 Quarter
Debt extinguishment costs	`PaymentsOfDebtExtinguishmentCosts`	$40.00M	USD	1 Quarter
Debt extinguishment costs	`PaymentsOfDebtExtinguishmentCosts`	-	USD	1 Quarter
Distributions to owners	`PaymentsOfCapitalDistribution`	$351.00M	USD	1 Quarter
Distributions to owners	`PaymentsOfCapitalDistribution`	$395.00M	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`	$-395.00M	USD	1 Quarter
Net increase in cash, cash equivalents and restricted cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$318.00M	USD	1 Quarter
Net increase in cash, cash equivalents and restricted cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$35.00M	USD	1 Quarter
Cash, Cash Equivalentsbeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.31B	USD	Point-in-time
Cash, Cash Equivalentsbeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.29B	USD	Point-in-time
Cash, Cash Equivalentsbeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.34B	USD	Point-in-time
Cash, Cash Equivalentsbeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$974.00M	USD	Point-in-time
Cash, Cash Equivalentsend of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.31B	USD	Point-in-time
Cash, Cash Equivalentsend of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.29B	USD	Point-in-time
Cash, Cash Equivalentsend of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.34B	USD	Point-in-time
Cash, Cash Equivalentsend of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$974.00M	USD	Point-in-time

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Partners' equity, beginning of period	`PartnersCapital`	$-2.23B	USD	Point-in-time
Partners' equity, beginning of period	`PartnersCapital`	$535.00M	USD	Point-in-time
Partners' equity, beginning of period	`PartnersCapital`	$539.00M	USD	Point-in-time
Partners' equity, beginning of period	`PartnersCapital`	$718.00M	USD	Point-in-time
Net Income	`NetIncomeLoss`	$347.00M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$159.00M	USD	1 Quarter
Partners Capital Account Distributions, Non-Cash	`PartnersCapitalAccountDistributionsNonCash`	$-2.71B	USD	1 Quarter
Partners' equity, end of period	`PartnersCapital`	$-2.23B	USD	Point-in-time
Partners' equity, end of period	`PartnersCapital`	$535.00M	USD	Point-in-time
Partners' equity, end of period	`PartnersCapital`	$539.00M	USD	Point-in-time
Partners' equity, end of period	`PartnersCapital`	$718.00M	USD	Point-in-time

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