2011 Q3 Form 10-Q Financial Statement

#000138365011000036 Filed on August 05, 2011

View on sec.gov

Income Statement

Concept 2011 Q3 2011 Q2 2010 Q2
Revenue $64.91M $73.61M $129.8M
YoY Change -2.57% -43.27% 35.59%
Cost Of Revenue $8.900M $7.400M $9.300M
YoY Change 0.0% -20.43% 6.9%
Gross Profit $56.00M $66.20M $120.5M
YoY Change -2.95% -45.06% 38.51%
Gross Profit Margin 86.28% 89.93% 92.86%
Selling, General & Admin $5.800M $6.400M $7.200M
YoY Change -6.45% -11.11% 30.91%
% of Gross Profit 10.36% 9.67% 5.98%
Research & Development $8.971M $11.16M $407.0K
YoY Change 123.6% 2642.75%
% of Gross Profit 16.02% 16.86% 0.34%
Depreciation & Amortization $10.70M $10.80M $10.50M
YoY Change 0.94% 2.86% 45.83%
% of Gross Profit 19.11% 16.31% 8.71%
Operating Expenses $35.38M $36.68M $27.79M
YoY Change 17.0% 31.99% 118.8%
Operating Profit $29.52M $36.93M $102.0M
YoY Change -18.83% -63.78% 37.25%
Interest Expense $43.32M $43.40M $43.65M
YoY Change -0.3% -0.57% -235.13%
% of Operating Profit 146.73% 117.51% 42.8%
Other Income/Expense, Net -$44.00M -$43.80M -$43.61M
YoY Change 1.5% 0.44%
Pretax Income -$14.50M -$6.900M $58.40M
YoY Change 107.14% -111.82% 39.05%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income 0.0%
Net Earnings -$14.48M -$6.868M $58.37M
YoY Change 107.52% -111.77% 38.98%
Net Earnings / Revenue -22.31% -9.33% 44.98%
Basic Earnings Per Share $0.29 $0.32 $0.43
Diluted Earnings Per Share -$89.07K -$42.57K $360.9K
COMMON SHARES
Basic Shares Outstanding 26.93M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2011 Q3 2011 Q2 2010 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $94.00M $55.00M $60.00M
YoY Change 64.91% -8.33% -53.49%
Cash & Equivalents $94.50M $94.50M $60.08M
Short-Term Investments
Other Short-Term Assets $63.00M $22.00M $21.00M
YoY Change 3.28% 4.76% 5.0%
Inventory $1.343M $437.0K $1.000M
Prepaid Expenses
Receivables $1.463M $208.0K $2.000M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $164.5M $78.15M $83.00M
YoY Change 34.87% -5.84% -48.45%
LONG-TERM ASSETS
Property, Plant & Equipment $1.524B $1.534B $1.570B
YoY Change -2.29% -2.31% -1.51%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $13.03M $12.47M $117.0M
YoY Change -88.67% -89.34% -29.52%
Total Long-Term Assets $1.638B $1.648B $1.687B
YoY Change -2.18% -2.28% -4.15%
TOTAL ASSETS
Total Short-Term Assets $164.5M $78.15M $83.00M
Total Long-Term Assets $1.638B $1.648B $1.687B
Total Assets $1.803B $1.727B $1.770B
YoY Change 0.34% -2.45% -7.86%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.120M $403.0K $0.00
YoY Change 12.0% -100.0%
Accrued Expenses $58.08M $22.53M $18.00M
YoY Change -9.25% 25.15% -57.14%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $96.83M $55.44M $46.00M
YoY Change 5.25% 20.53% -65.41%
LONG-TERM LIABILITIES
Long-Term Debt $2.191B $2.190B $2.185B
YoY Change 0.19% 0.23% 0.18%
Other Long-Term Liabilities $321.0K $322.0K $42.00M
YoY Change -99.22% -99.23% -2.33%
Total Long-Term Liabilities $2.192B $2.190B $2.227B
YoY Change -1.64% -1.64% 0.13%
TOTAL LIABILITIES
Total Short-Term Liabilities $96.83M $55.44M $46.00M
Total Long-Term Liabilities $2.192B $2.190B $2.227B
Total Liabilities $2.288B $2.246B $2.273B
YoY Change -1.32% -1.2% -3.56%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$524.0M -$559.0M -$503.0M
YoY Change
Total Liabilities & Shareholders Equity $1.803B $1.727B $1.770B
YoY Change 0.34% -2.45% -7.86%

Cashflow Statement

Concept 2011 Q3 2011 Q2 2010 Q2
OPERATING ACTIVITIES
Net Income -$14.48M -$6.868M $58.37M
YoY Change 107.52% -111.77% 38.98%
Depreciation, Depletion And Amortization $10.70M $10.80M $10.50M
YoY Change 0.94% 2.86% 45.83%
Cash From Operating Activities -$8.800M $16.40M -$24.20M
YoY Change -183.02% -167.77% -188.64%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$1.600M -$3.900M $36.10M
YoY Change -27.27% -110.8% -9.07%
Cash From Investing Activities -$1.600M -$3.900M $36.10M
YoY Change -27.27% -110.8% 1905.56%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 49.60M -4.000M -70.10M
YoY Change -531.3% -94.29% -0.14%
NET CHANGE
Cash From Operating Activities -8.800M 16.40M -24.20M
Cash From Investing Activities -1.600M -3.900M 36.10M
Cash From Financing Activities 49.60M -4.000M -70.10M
Net Change In Cash 39.20M 8.500M -58.20M
YoY Change -1364.52% -114.6% 41.61%
FREE CASH FLOW
Cash From Operating Activities -$8.800M $16.40M -$24.20M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Recent Accounting Policies </font></div><div style="line-height:120%;text-align:left;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"></br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Recently Issued Accounting Pronouncements Not Yet Adopted</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"></br></font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In June 2011, the Financial Accounting Standards Board ("FASB") issued ASU No. 2011-05, "Comprehensive Income (ASC Topic 220): Presentation of Comprehensive Income" ("ASU 2011-05"), which amends current comprehensive income guidance. This accounting update eliminates the option to present the components of other comprehensive income as part of the statement of shareholders&#8217; equity. Instead, we must report comprehensive income in either a single continuous statement of comprehensive income which contains two sections, net income and other comprehensive income, or in two separate but consecutive statements. ASU 2011-05 will be effective for public companies during the interim and annual periods beginning after December 15, 2011 with early adoption permitted. The adoption of ASU 2011-05 will not have an impact on our consolidated financial position, results of operations or cash flows as it only requires a change in the format of the current presentation.</font></div></div>
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CY2010Q4 cqp Limited Partners Capital Account Subordinated Units Outstanding
LimitedPartnersCapitalAccountSubordinatedUnitsOutstanding
135383831 shares
CY2011Q2 cqp Limited Partners Capital Account Subordinated Units Outstanding
LimitedPartnersCapitalAccountSubordinatedUnitsOutstanding
135383831 shares
cqp Operating Costs And Expenses Related Parties
OperatingCostsAndExpensesRelatedParties
6111000 USD
CY2010Q2 cqp Operating Costs And Expenses Related Parties
OperatingCostsAndExpensesRelatedParties
3085000 USD
CY2011Q2 cqp Operating Costs And Expenses Related Parties
OperatingCostsAndExpensesRelatedParties
3519000 USD
cqp Operating Costs And Expenses Related Parties
OperatingCostsAndExpensesRelatedParties
6150000 USD
cqp Research And Development Expense Related Parties
ResearchAndDevelopmentExpenseRelatedParties
1823000 USD
cqp Research And Development Expense Related Parties
ResearchAndDevelopmentExpenseRelatedParties
485000 USD
CY2011Q2 cqp Research And Development Expense Related Parties
ResearchAndDevelopmentExpenseRelatedParties
958000 USD
CY2010Q2 cqp Research And Development Expense Related Parties
ResearchAndDevelopmentExpenseRelatedParties
365000 USD
CY2010Q2 cqp Revenue From Third Parties
RevenueFromThirdParties
66004000 USD
cqp Revenue From Third Parties
RevenueFromThirdParties
136845000 USD
cqp Revenue From Third Parties
RevenueFromThirdParties
132831000 USD
CY2011Q2 cqp Revenue From Third Parties
RevenueFromThirdParties
67177000 USD
CY2011Q2 cqp Subordinated Unitholders Equity
SubordinatedUnitholdersEquity
-461333000 USD
CY2010Q4 cqp Subordinated Unitholders Equity
SubordinatedUnitholdersEquity
-453896000 USD
cqp Weighted Average Number Of Common Units Basic And Diluted
WeightedAverageNumberOfCommonUnitsBasicAndDiluted
26592000 shares
CY2010Q2 cqp Weighted Average Number Of Common Units Basic And Diluted
WeightedAverageNumberOfCommonUnitsBasicAndDiluted
26416000 shares
CY2011Q2 cqp Weighted Average Number Of Common Units Basic And Diluted
WeightedAverageNumberOfCommonUnitsBasicAndDiluted
26754000 shares
cqp Weighted Average Number Of Common Units Basic And Diluted
WeightedAverageNumberOfCommonUnitsBasicAndDiluted
26416000 shares
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2011
dei Document Period End Date
DocumentPeriodEndDate
2011-06-30
dei Entity Central Index Key
EntityCentralIndexKey
0001383650
CY2011Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
26931023 shares
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
Cheniere Energy Partners, L.P.
dei Entity Voluntary Filers
EntityVoluntaryFilers
No
dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No

Files In Submission

Name View Source Status
0001383650-11-000036-index-headers.html Edgar Link pending
0001383650-11-000036-index.html Edgar Link pending
0001383650-11-000036.txt Edgar Link pending
0001383650-11-000036-xbrl.zip Edgar Link pending
cqp-20110630.xml Edgar Link completed
cqp-20110630.xsd Edgar Link pending
cqp-20110630_cal.xml Edgar Link unprocessable
cqp-20110630_def.xml Edgar Link unprocessable
cqp-20110630_lab.xml Edgar Link unprocessable
cqp-20110630_pre.xml Edgar Link unprocessable
cqp2011form10q2ndqtr.htm Edgar Link pending
cqp2011form10qex311.htm Edgar Link pending
cqp2011form10qex312.htm Edgar Link pending
cqp2011form10qex321.htm Edgar Link pending
cqp2011form10qex322.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R2.htm Edgar Link pending
R3.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending