2012 Q2 Form 10-Q Financial Statement
#000138365012000024 Filed on May 04, 2012
Income Statement
Concept | 2012 Q2 | 2012 Q1 | 2011 Q1 |
---|---|---|---|
Revenue | $61.42M | $69.35M | $74.45M |
YoY Change | -16.56% | -6.85% | -43.08% |
Cost Of Revenue | $10.70M | $9.700M | $8.300M |
YoY Change | 44.59% | 16.87% | -25.23% |
Gross Profit | $50.70M | $59.60M | $66.20M |
YoY Change | -23.41% | -9.97% | -44.65% |
Gross Profit Margin | 82.54% | 85.94% | 88.92% |
Selling, General & Admin | $8.100M | $8.300M | $6.800M |
YoY Change | 26.56% | 22.06% | -2.86% |
% of Gross Profit | 15.98% | 13.93% | 10.27% |
Research & Development | $14.47M | $16.67M | $6.617M |
YoY Change | 29.64% | 151.91% | 2105.67% |
% of Gross Profit | 28.54% | 27.97% | 10.0% |
Depreciation & Amortization | $18.00M | $10.63M | $10.74M |
YoY Change | 66.67% | -1.01% | 1.29% |
% of Gross Profit | 35.5% | 17.83% | 16.22% |
Operating Expenses | $48.67M | $44.43M | $33.32M |
YoY Change | 32.71% | 33.34% | 86.16% |
Operating Profit | $12.75M | $19.16M | $41.13M |
YoY Change | -65.48% | -53.41% | -59.56% |
Interest Expense | $43.46M | $43.46M | $43.40M |
YoY Change | 0.14% | 0.14% | -201.16% |
% of Operating Profit | 340.85% | 226.8% | 105.52% |
Other Income/Expense, Net | -$43.14M | -$44.22M | -$43.34M |
YoY Change | -1.52% | 2.05% | |
Pretax Income | -$30.40M | -$25.10M | -$2.200M |
YoY Change | 340.58% | 1040.91% | -103.74% |
Income Tax | $0.00 | $0.00 | $0.00 |
% Of Pretax Income | |||
Net Earnings | -$30.39M | -$25.06M | -$2.209M |
YoY Change | 342.43% | 1034.54% | -103.76% |
Net Earnings / Revenue | -49.47% | -36.14% | -2.97% |
Basic Earnings Per Share | $0.17 | $0.23 | $0.35 |
Diluted Earnings Per Share | -$124.6K | -$150.8K | -$13.59K |
COMMON SHARES | |||
Basic Shares Outstanding | 31.27M shares | 31.00M shares | |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2012 Q2 | 2012 Q1 | 2011 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $171.0M | $59.00M | $47.00M |
YoY Change | 210.91% | 25.53% | -60.17% |
Cash & Equivalents | $171.0M | $59.44M | $59.44M |
Short-Term Investments | |||
Other Short-Term Assets | $23.00M | $65.00M | $63.00M |
YoY Change | 4.55% | 3.17% | -1.56% |
Inventory | $621.0K | $536.0K | $2.000M |
Prepaid Expenses | |||
Receivables | $26.00K | $21.00K | $6.000M |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $198.9M | $135.8M | $118.0M |
YoY Change | 154.53% | 15.1% | -36.56% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $1.541B | $1.505B | $1.542B |
YoY Change | 0.46% | -2.41% | -2.34% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $35.38M | $22.79M | $116.0M |
YoY Change | 183.73% | -80.36% | -1.69% |
Total Long-Term Assets | $1.674B | $1.627B | $1.658B |
YoY Change | 1.55% | -1.9% | -2.3% |
TOTAL ASSETS | |||
Total Short-Term Assets | $198.9M | $135.8M | $118.0M |
Total Long-Term Assets | $1.674B | $1.627B | $1.658B |
Total Assets | $1.873B | $1.762B | $1.776B |
YoY Change | 8.48% | -0.77% | -5.68% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $9.883M | $843.0K | $3.000M |
YoY Change | 2352.36% | -71.9% | |
Accrued Expenses | $37.57M | $68.92M | $64.00M |
YoY Change | 66.76% | 7.69% | 10.34% |
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 | $81.91M | $104.1M | $94.00M |
YoY Change | 47.74% | 10.76% | -36.49% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $2.195B | $2.194B | $2.189B |
YoY Change | 0.21% | 0.21% | 0.23% |
Other Long-Term Liabilities | $310.0K | $313.0K | $41.00M |
YoY Change | -3.73% | -99.24% | -4.65% |
Total Long-Term Liabilities | $2.195B | $2.194B | $2.230B |
YoY Change | 0.21% | -1.62% | 0.13% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $81.91M | $104.1M | $94.00M |
Total Long-Term Liabilities | $2.195B | $2.194B | $2.230B |
Total Liabilities | $2.277B | $2.298B | $2.324B |
YoY Change | 1.39% | -1.12% | -2.15% |
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 | -$442.0M | -$575.0M | -$548.0M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $1.873B | $1.762B | $1.776B |
YoY Change | 8.48% | -0.77% | -5.68% |
Cashflow Statement
Concept | 2012 Q2 | 2012 Q1 | 2011 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$30.39M | -$25.06M | -$2.209M |
YoY Change | 342.43% | 1034.54% | -103.76% |
Depreciation, Depletion And Amortization | $18.00M | $10.63M | $10.74M |
YoY Change | 66.67% | -1.01% | 1.29% |
Cash From Operating Activities | -$7.600M | -$9.887M | $5.047M |
YoY Change | -146.34% | -295.9% | -95.35% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $414.0K | $1.521M | |
YoY Change | -72.78% | ||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$42.40M | $1.128M | $83.00K |
YoY Change | 987.18% | 1259.04% | -100.22% |
Cash From Investing Activities | -$42.40M | -$1.542M | -$1.604M |
YoY Change | 987.18% | -3.87% | -95.73% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 161.4M | -$10.54M | -$9.900M |
YoY Change | -4135.0% | 6.48% | -85.9% |
NET CHANGE | |||
Cash From Operating Activities | -7.600M | -$9.887M | $5.047M |
Cash From Investing Activities | -42.40M | -$1.542M | -$1.604M |
Cash From Financing Activities | 161.4M | -$10.54M | -$9.900M |
Net Change In Cash | 111.4M | -$21.97M | -$6.457M |
YoY Change | 1210.59% | 240.27% | -907.13% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$7.600M | -$9.887M | $5.047M |
Capital Expenditures | $414.0K | $1.521M | |
Free Cash Flow | -$10.30M | $3.526M | |
YoY Change | -392.14% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
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Accounts Payable Current
AccountsPayableCurrent
|
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Accounts Payable Related Parties Current
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Accounts Payable Related Parties Current
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Accounts Receivable Net Current
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Accrued Liabilities Current
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Accrued Liabilities Current
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Amortization Of Debt Discount Premium
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Amortization Of Debt Discount Premium
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Amortization Of Financing Costs
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Cash And Cash Equivalents At Carrying Value
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Commitments And Contingencies
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Research And Development Expense
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Revenue From Related Parties
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2365000 | USD |
CY2011Q1 | us-gaap |
Revenues
Revenues
|
74450000 | USD |
CY2012Q1 | us-gaap |
Revenues
Revenues
|
69323000 | USD |
CY2011Q4 | us-gaap |
Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
|
17622000 | USD |
CY2012Q1 | us-gaap |
Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
|
16530000 | USD |
CY2012Q1 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
-527000 | USD |
CY2011Q1 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
0 | USD |
CY2012Q1 | cqp |
Advances To Affiliate Current
AdvancesToAffiliateCurrent
|
6022000 | USD |
CY2011Q4 | cqp |
Advances To Affiliate Current
AdvancesToAffiliateCurrent
|
692000 | USD |
CY2011Q4 | cqp |
Common Unitholders Equity
CommonUnitholdersEquity
|
-52774000 | USD |
CY2012Q1 | cqp |
Common Unitholders Equity
CommonUnitholdersEquity
|
-66638000 | USD |
CY2012Q1 | cqp |
Deferred Revenue Related Party Current
DeferredRevenueRelatedPartyCurrent
|
688000 | USD |
CY2011Q4 | cqp |
Deferred Revenue Related Party Current
DeferredRevenueRelatedPartyCurrent
|
688000 | USD |
CY2011Q4 | cqp |
Deferred Revenue Related Party Noncurrent
DeferredRevenueRelatedPartyNoncurrent
|
12266000 | USD |
CY2012Q1 | cqp |
Deferred Revenue Related Party Noncurrent
DeferredRevenueRelatedPartyNoncurrent
|
14720000 | USD |
CY2012Q1 | cqp |
General And Administrative Expense Related Parties
GeneralAndAdministrativeExpenseRelatedParties
|
5112000 | USD |
CY2011Q1 | cqp |
General And Administrative Expense Related Parties
GeneralAndAdministrativeExpenseRelatedParties
|
5056000 | USD |
CY2011Q4 | cqp |
General Partner Ownership Interest Percentage
GeneralPartnerOwnershipInterestPercentage
|
0.02 | |
CY2012Q1 | cqp |
General Partner Ownership Interest Percentage
GeneralPartnerOwnershipInterestPercentage
|
0.02 | |
CY2011Q1 | cqp |
Increase Decrease In Deferred Revenue Related Parties
IncreaseDecreaseInDeferredRevenueRelatedParties
|
-266000 | USD |
CY2012Q1 | cqp |
Increase Decrease In Deferred Revenue Related Parties
IncreaseDecreaseInDeferredRevenueRelatedParties
|
0 | USD |
CY2012Q1 | cqp |
Increase Decrease In Lng Inventoryaffiliate
IncreaseDecreaseInLngInventoryaffiliate
|
2652000 | USD |
CY2011Q1 | cqp |
Increase Decrease In Lng Inventoryaffiliate
IncreaseDecreaseInLngInventoryaffiliate
|
0 | USD |
CY2011Q4 | cqp |
Limited Partners Capital Account Common Units Issued
LimitedPartnersCapitalAccountCommonUnitsIssued
|
31003154 | shares |
CY2012Q1 | cqp |
Limited Partners Capital Account Common Units Issued
LimitedPartnersCapitalAccountCommonUnitsIssued
|
31128124 | shares |
CY2012Q1 | cqp |
Limited Partners Capital Account Common Units Outstanding
LimitedPartnersCapitalAccountCommonUnitsOutstanding
|
31128124 | shares |
CY2011Q4 | cqp |
Limited Partners Capital Account Common Units Outstanding
LimitedPartnersCapitalAccountCommonUnitsOutstanding
|
31003154 | shares |
CY2011Q4 | cqp |
Limited Partners Capital Account Subordinated Units Issued
LimitedPartnersCapitalAccountSubordinatedUnitsIssued
|
135383831 | shares |
CY2012Q1 | cqp |
Limited Partners Capital Account Subordinated Units Issued
LimitedPartnersCapitalAccountSubordinatedUnitsIssued
|
135383831 | shares |
CY2011Q4 | cqp |
Limited Partners Capital Account Subordinated Units Outstanding
LimitedPartnersCapitalAccountSubordinatedUnitsOutstanding
|
135383831 | shares |
CY2012Q1 | cqp |
Limited Partners Capital Account Subordinated Units Outstanding
LimitedPartnersCapitalAccountSubordinatedUnitsOutstanding
|
135383831 | shares |
CY2011Q4 | cqp |
Lng Inventory Related Party
LngInventoryRelatedParty
|
4369000 | USD |
CY2012Q1 | cqp |
Lng Inventory Related Party
LngInventoryRelatedParty
|
1717000 | USD |
CY2011Q1 | cqp |
Operating Costs And Expenses Related Parties
OperatingCostsAndExpensesRelatedParties
|
2592000 | USD |
CY2012Q1 | cqp |
Operating Costs And Expenses Related Parties
OperatingCostsAndExpensesRelatedParties
|
2998000 | USD |
CY2012Q1 | cqp |
Research And Development Expense Related Parties
ResearchAndDevelopmentExpenseRelatedParties
|
1231000 | USD |
CY2011Q1 | cqp |
Research And Development Expense Related Parties
ResearchAndDevelopmentExpenseRelatedParties
|
865000 | USD |
CY2012Q1 | cqp |
Revenue From Third Parties
RevenueFromThirdParties
|
66958000 | USD |
CY2011Q1 | cqp |
Revenue From Third Parties
RevenueFromThirdParties
|
69668000 | USD |
CY2011Q4 | cqp |
Subordinated Unitholders Equity
SubordinatedUnitholdersEquity
|
-479197000 | USD |
CY2012Q1 | cqp |
Subordinated Unitholders Equity
SubordinatedUnitholdersEquity
|
-494611000 | USD |
CY2012Q1 | cqp |
Weighted Average Number Of Common Units Basic And Diluted
WeightedAverageNumberOfCommonUnitsBasicAndDiluted
|
31017000 | shares |
CY2011Q1 | cqp |
Weighted Average Number Of Common Units Basic And Diluted
WeightedAverageNumberOfCommonUnitsBasicAndDiluted
|
26429000 | shares |
CY2012Q1 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2012Q1 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | |
CY2012Q1 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q1 | |
CY2012Q1 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2011 | |
CY2012Q1 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2012-03-31 | |
CY2012Q1 | dei |
Document Type
DocumentType
|
10-Q | |
CY2012Q1 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001383650 | |
CY2012Q2 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
31268124 | shares |
CY2012Q1 | dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | |
CY2012Q1 | dei |
Entity Filer Category
EntityFilerCategory
|
Accelerated Filer | |
CY2012Q1 | dei |
Entity Registrant Name
EntityRegistrantName
|
Cheniere Energy Partners, L.P. | |
CY2012Q1 | dei |
Entity Voluntary Filers
EntityVoluntaryFilers
|
No | |
CY2012Q1 | dei |
Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
|
No |