2013 Q2 Form 10-Q Financial Statement
#000138365013000051 Filed on May 03, 2013
Income Statement
Concept | 2013 Q2 | 2013 Q1 | 2012 Q1 |
---|---|---|---|
Revenue | $67.64M | $66.11M | $69.35M |
YoY Change | 10.12% | -4.68% | -6.85% |
Cost Of Revenue | $31.20M | $15.20M | $9.700M |
YoY Change | 191.59% | 56.7% | 16.87% |
Gross Profit | $36.40M | $50.90M | $59.60M |
YoY Change | -28.21% | -14.6% | -9.97% |
Gross Profit Margin | 53.82% | 77.0% | 85.94% |
Selling, General & Admin | $38.60M | $27.00M | $8.300M |
YoY Change | 376.54% | 225.3% | 22.06% |
% of Gross Profit | 106.04% | 53.05% | 13.93% |
Research & Development | $3.318M | $3.484M | $16.67M |
YoY Change | -77.07% | -79.1% | 151.91% |
% of Gross Profit | 9.12% | 6.84% | 27.97% |
Depreciation & Amortization | $14.36M | $14.30M | $10.63M |
YoY Change | -20.25% | 34.58% | -1.01% |
% of Gross Profit | 39.44% | 28.1% | 17.83% |
Operating Expenses | $88.06M | $60.44M | $44.43M |
YoY Change | 80.93% | 36.02% | 33.34% |
Operating Profit | -$20.43M | $5.670M | $19.16M |
YoY Change | -260.21% | -70.41% | -53.41% |
Interest Expense | $42.02M | $40.26M | $43.46M |
YoY Change | -3.32% | -7.35% | 0.14% |
% of Operating Profit | 710.09% | 226.8% | |
Other Income/Expense, Net | -$26.58M | -$57.40M | -$44.22M |
YoY Change | -38.37% | 29.8% | 2.05% |
Pretax Income | -$47.00M | -$51.70M | -$25.10M |
YoY Change | 54.61% | 105.98% | 1040.91% |
Income Tax | $0.00 | $0.00 | $0.00 |
% Of Pretax Income | |||
Net Earnings | -$47.01M | -$51.73M | -$25.06M |
YoY Change | 54.71% | 106.42% | 1034.54% |
Net Earnings / Revenue | -69.5% | -78.26% | -36.14% |
Basic Earnings Per Share | $0.23 | ||
Diluted Earnings Per Share | -$681.2K | -$164.5K | -$150.8K |
COMMON SHARES | |||
Basic Shares Outstanding | 57.08M shares | 39.49M shares | 31.00M shares |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2013 Q2 | 2013 Q1 | 2012 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $355.0M | $457.0M | $59.00M |
YoY Change | 107.6% | 674.58% | 25.53% |
Cash & Equivalents | $355.3M | $456.9M | $59.44M |
Short-Term Investments | |||
Other Short-Term Assets | $543.0M | $260.0M | $65.00M |
YoY Change | 2260.87% | 300.0% | 3.17% |
Inventory | $11.15M | $2.157M | $536.0K |
Prepaid Expenses | |||
Receivables | $23.92M | $170.0K | $21.00K |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $945.7M | $732.9M | $135.8M |
YoY Change | 375.42% | 439.61% | 15.1% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $4.831B | $3.242B | $1.505B |
YoY Change | 213.55% | 115.44% | -2.41% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $23.21M | $22.25M | $22.79M |
YoY Change | -34.4% | -2.37% | -80.36% |
Total Long-Term Assets | $7.066B | $4.977B | $1.627B |
YoY Change | 322.08% | 205.97% | -1.9% |
TOTAL ASSETS | |||
Total Short-Term Assets | $945.7M | $732.9M | $135.8M |
Total Long-Term Assets | $7.066B | $4.977B | $1.627B |
Total Assets | $8.012B | $5.710B | $1.762B |
YoY Change | 327.74% | 223.97% | -0.77% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $19.88M | $19.95M | $843.0K |
YoY Change | 101.17% | 2266.19% | -71.9% |
Accrued Expenses | $457.7M | $218.4M | $68.92M |
YoY Change | 1118.4% | 216.89% | 7.69% |
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 | $553.3M | $284.5M | $104.1M |
YoY Change | 575.43% | 173.31% | 10.76% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $5.572B | $3.668B | $2.194B |
YoY Change | 153.88% | 67.23% | 0.21% |
Other Long-Term Liabilities | $1.212M | $300.0K | $313.0K |
YoY Change | 290.97% | -4.15% | -99.24% |
Total Long-Term Liabilities | $5.573B | $3.669B | $2.194B |
YoY Change | 153.9% | 67.22% | -1.62% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $553.3M | $284.5M | $104.1M |
Total Long-Term Liabilities | $5.573B | $3.669B | $2.194B |
Total Liabilities | $6.126B | $3.953B | $2.298B |
YoY Change | 169.06% | 72.02% | -1.12% |
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 | $1.848B | $1.697B | -$575.0M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $8.012B | $5.710B | $1.762B |
YoY Change | 327.74% | 223.97% | -0.77% |
Cashflow Statement
Concept | 2013 Q2 | 2013 Q1 | 2012 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$47.01M | -$51.73M | -$25.06M |
YoY Change | 54.71% | 106.42% | 1034.54% |
Depreciation, Depletion And Amortization | $14.36M | $14.30M | $10.63M |
YoY Change | -20.25% | 34.58% | -1.01% |
Cash From Operating Activities | -$27.00M | $2.267M | -$9.887M |
YoY Change | 255.26% | -122.93% | -295.9% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $465.0M | $414.0K | |
YoY Change | 112229.47% | -72.78% | |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$784.9M | $790.0K | $1.128M |
YoY Change | 1751.18% | -29.96% | 1259.04% |
Cash From Investing Activities | -$319.9M | -$2.532M | -$1.542M |
YoY Change | 654.48% | 64.2% | -3.87% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 617.7M | $37.83M | -$10.54M |
YoY Change | 282.71% | -458.8% | 6.48% |
NET CHANGE | |||
Cash From Operating Activities | -27.00M | $2.267M | -$9.887M |
Cash From Investing Activities | -319.9M | -$2.532M | -$1.542M |
Cash From Financing Activities | 617.7M | $37.83M | -$10.54M |
Net Change In Cash | 270.8M | $37.56M | -$21.97M |
YoY Change | 143.09% | -270.95% | 240.27% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$27.00M | $2.267M | -$9.887M |
Capital Expenditures | $465.0M | $414.0K | |
Free Cash Flow | -$462.8M | -$10.30M | |
YoY Change | 4392.54% | -392.14% |
Facts In Submission
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---|---|---|---|---|
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Accounts Payable Current
AccountsPayableCurrent
|
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Cash And Cash Equivalents At Carrying Value
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Cash And Cash Equivalents Period Increase Decrease
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Cash And Cash Equivalents Period Increase Decrease
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Collateral Already Posted Aggregate Fair Value
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Collateral Already Posted Aggregate Fair Value
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Commitments And Contingencies
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Commitments And Contingencies
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Construction In Progress Expenditures Incurred But Not Yet Paid
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Net Income Loss
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Operating Costs And Expenses
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Operating Costs And Expenses
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Operating Expenses
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Operating Expenses
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Operating Income Loss
OperatingIncomeLoss
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Operating Income Loss
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|
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|
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CY2013Q1 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
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CY2012Q4 | us-gaap |
Other Assets Noncurrent
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|
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Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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|
21267000 | USD |
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Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
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Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
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Other Comprehensive Income Loss Reclassification Adjustment On Derivatives Included In Net Income Net Of Tax
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|
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Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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|
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Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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CY2012Q4 | us-gaap |
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CY2013Q1 | us-gaap |
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CY2013Q1 | us-gaap |
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OtherNonoperatingIncomeExpense
|
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CY2012Q1 | us-gaap |
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-3289000 | USD |
CY2013Q1 | us-gaap |
Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
|
29000 | USD |
CY2012Q4 | us-gaap |
Partners Capital
PartnersCapital
|
1362808000 | USD |
CY2013Q1 | us-gaap |
Partners Capital
PartnersCapital
|
1696752000 | USD |
CY2013Q1 | us-gaap |
Partners Capital Account Distributions
PartnersCapitalAccountDistributions
|
-17125000 | USD |
CY2013Q1 | us-gaap |
Partners Capital Account Sale Of Units
PartnersCapitalAccountSaleOfUnits
|
372289000 | USD |
CY2012Q1 | us-gaap |
Payments For Advance To Affiliate
PaymentsForAdvanceToAffiliate
|
5330000 | USD |
CY2013Q1 | us-gaap |
Payments For Advance To Affiliate
PaymentsForAdvanceToAffiliate
|
4552000 | USD |
CY2013Q1 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
790000 | USD |
CY2012Q1 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
1128000 | USD |
CY2013Q1 | us-gaap |
Payments Of Capital Distribution
PaymentsOfCapitalDistribution
|
17125000 | USD |
CY2012Q1 | us-gaap |
Payments Of Capital Distribution
PaymentsOfCapitalDistribution
|
13445000 | USD |
CY2013Q1 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
34986000 | USD |
CY2012Q1 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
0 | USD |
CY2012Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
414000 | USD |
CY2013Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
462731000 | USD |
CY2013Q1 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
7303000 | USD |
CY2012Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
6652000 | USD |
CY2012Q1 | us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
0 | USD |
CY2013Q1 | us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
1500000000 | USD |
CY2013Q1 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-3000 | USD |
CY2012Q1 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
0 | USD |
CY2012Q1 | us-gaap |
Proceeds From Repayments Of Restricted Cash Financing Activities
ProceedsFromRepaymentsOfRestrictedCashFinancingActivities
|
0 | USD |
CY2013Q1 | us-gaap |
Proceeds From Repayments Of Restricted Cash Financing Activities
ProceedsFromRepaymentsOfRestrictedCashFinancingActivities
|
-1790446000 | USD |
CY2013Q1 | us-gaap |
Proceeds From Sale Of Interest In Partnership Unit
ProceedsFromSaleOfInterestInPartnershipUnit
|
372449000 | USD |
CY2012Q1 | us-gaap |
Proceeds From Sale Of Interest In Partnership Unit
ProceedsFromSaleOfInterestInPartnershipUnit
|
2903000 | USD |
CY2013Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
3241990000 | USD |
CY2012Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
2704895000 | USD |
CY2013Q1 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
3484000 | USD |
CY2012Q1 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
16669000 | USD |
CY2012Q4 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
92519000 | USD |
CY2013Q1 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
252854000 | USD |
CY2012Q4 | us-gaap |
Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
|
272425000 | USD |
CY2013Q1 | us-gaap |
Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
|
1466602000 | USD |
CY2013Q1 | us-gaap |
Revenue From Related Parties
RevenueFromRelatedParties
|
511000 | USD |
CY2012Q1 | us-gaap |
Revenue From Related Parties
RevenueFromRelatedParties
|
2365000 | USD |
CY2012Q1 | us-gaap |
Revenues
Revenues
|
69323000 | USD |
CY2013Q1 | us-gaap |
Revenues
Revenues
|
66074000 | USD |
CY2012Q4 | us-gaap |
Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
|
220949000 | USD |
CY2013Q1 | us-gaap |
Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
|
245804000 | USD |
CY2013Q1 | us-gaap |
Undistributed Earnings Allocated To Participating Securities
UndistributedEarningsAllocatedToParticipatingSecurities
|
-67241000 | USD |
CY2012Q1 | us-gaap |
Undistributed Earnings Allocated To Participating Securities
UndistributedEarningsAllocatedToParticipatingSecurities
|
-32831000 | USD |
CY2013Q1 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
-18118000 | USD |
CY2012Q1 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
-527000 | USD |
CY2012Q1 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
31017000 | shares |
CY2013Q1 | cqp |
Accrued Interest Expense And Related Fees
AccruedInterestExpenseAndRelatedFees
|
68422000 | USD |
CY2012Q4 | cqp |
Accrued Interest Expense And Related Fees
AccruedInterestExpenseAndRelatedFees
|
16327000 | USD |
CY2013Q1 | cqp |
Accrued Liabilities Including Due To Related Parties Current
AccruedLiabilitiesIncludingDueToRelatedPartiesCurrent
|
237768000 | USD |
CY2012Q4 | cqp |
Accrued Liabilities Including Due To Related Parties Current
AccruedLiabilitiesIncludingDueToRelatedPartiesCurrent
|
53194000 | USD |
CY2013Q1 | cqp |
Advances To Affiliate Current
AdvancesToAffiliateCurrent
|
10008000 | USD |
CY2012Q4 | cqp |
Advances To Affiliate Current
AdvancesToAffiliateCurrent
|
4987000 | USD |
CY2013Q1 | cqp |
Common Unitholders Equity
CommonUnitholdersEquity
|
786138000 | USD |
CY2012Q4 | cqp |
Common Unitholders Equity
CommonUnitholdersEquity
|
448412000 | USD |
CY2012Q4 | cqp |
Deferred Revenue Related Party Current
DeferredRevenueRelatedPartyCurrent
|
696000 | USD |
CY2013Q1 | cqp |
Deferred Revenue Related Party Current
DeferredRevenueRelatedPartyCurrent
|
0 | USD |
CY2012Q4 | cqp |
Deferred Revenue Related Party Noncurrent
DeferredRevenueRelatedPartyNoncurrent
|
14720000 | USD |
CY2013Q1 | cqp |
Deferred Revenue Related Party Noncurrent
DeferredRevenueRelatedPartyNoncurrent
|
17173000 | USD |
CY2012Q1 | cqp |
General And Administrative Expense Related Parties
GeneralAndAdministrativeExpenseRelatedParties
|
5112000 | USD |
CY2013Q1 | cqp |
General And Administrative Expense Related Parties
GeneralAndAdministrativeExpenseRelatedParties
|
19156000 | USD |
CY2013Q1 | cqp |
General Partner Ownership Interest Percentage
GeneralPartnerOwnershipInterestPercentage
|
0.02 | |
CY2012Q4 | cqp |
General Partner Ownership Interest Percentage
GeneralPartnerOwnershipInterestPercentage
|
0.02 | |
CY2012Q1 | cqp |
Increase Decrease In Deferred Revenue Related Parties
IncreaseDecreaseInDeferredRevenueRelatedParties
|
0 | USD |
CY2013Q1 | cqp |
Increase Decrease In Deferred Revenue Related Parties
IncreaseDecreaseInDeferredRevenueRelatedParties
|
695000 | USD |
CY2012Q1 | cqp |
Increase Decrease In Lng Inventory Affiliate
IncreaseDecreaseInLngInventoryAffiliate
|
2652000 | USD |
CY2013Q1 | cqp |
Increase Decrease In Lng Inventory Affiliate
IncreaseDecreaseInLngInventoryAffiliate
|
1972000 | USD |
CY2013Q1 | cqp |
Lng Inventory Related Party
LngInventoryRelatedParty
|
2448000 | USD |
CY2012Q4 | cqp |
Lng Inventory Related Party
LngInventoryRelatedParty
|
4420000 | USD |
CY2013Q1 | cqp |
Lng Liquefaction Costs
LngLiquefactionCosts
|
143628000 | USD |
CY2012Q4 | cqp |
Lng Liquefaction Costs
LngLiquefactionCosts
|
26131000 | USD |
CY2012Q4 | cqp |
Lng Terminal Costs
LngTerminalCosts
|
977000 | USD |
CY2013Q1 | cqp |
Lng Terminal Costs
LngTerminalCosts
|
2756000 | USD |
CY2012Q4 | cqp |
Long Term Debt Including Related Parties Net Of Discount
LongTermDebtIncludingRelatedPartiesNetOfDiscount
|
2167113000 | USD |
CY2013Q1 | cqp |
Long Term Debt Including Related Parties Net Of Discount
LongTermDebtIncludingRelatedPartiesNetOfDiscount
|
3668286000 | USD |
CY2012 | cqp |
Number Of Days After Quarter End Distribution Is Paid
NumberOfDaysAfterQuarterEndDistributionIsPaid
|
45 | USD |
CY2013Q1 | cqp |
Operating Costs And Expenses Related Parties
OperatingCostsAndExpensesRelatedParties
|
6168000 | USD |
CY2012Q1 | cqp |
Operating Costs And Expenses Related Parties
OperatingCostsAndExpensesRelatedParties
|
2998000 | USD |
CY2013Q1 | cqp |
Regasification Capacity
RegasificationCapacity
|
2.0 | bcf |
CY2013Q1 | cqp |
Research And Development Expense Related Parties
ResearchAndDevelopmentExpenseRelatedParties
|
451000 | USD |
CY2012Q1 | cqp |
Research And Development Expense Related Parties
ResearchAndDevelopmentExpenseRelatedParties
|
1231000 | USD |
CY2012Q1 | cqp |
Revenue From Third Parties
RevenueFromThirdParties
|
66958000 | USD |
CY2013Q1 | cqp |
Revenue From Third Parties
RevenueFromThirdParties
|
65563000 | USD |
CY2013Q1 | cqp |
Storage Capacity
StorageCapacity
|
6.9 | bcf |
CY2012Q4 | cqp |
Subordinated Unitholders Equity
SubordinatedUnitholdersEquity
|
949482000 | USD |
CY2013Q1 | cqp |
Subordinated Unitholders Equity
SubordinatedUnitholdersEquity
|
918775000 | USD |
CY2013Q1 | cqp |
Total Long Term Debt Including Related Parties
TotalLongTermDebtIncludingRelatedParties
|
3685500000 | USD |
CY2012Q4 | cqp |
Total Long Term Debt Including Related Parties
TotalLongTermDebtIncludingRelatedParties
|
2185500000 | USD |
CY2013Q1 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2013Q1 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | |
CY2013Q1 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q1 | |
CY2013Q1 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2013 | |
CY2013Q1 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2013-03-31 | |
CY2013Q1 | dei |
Document Type
DocumentType
|
10-Q | |
CY2013Q1 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001383650 | |
CY2013Q2 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
57078848 | shares |
CY2013Q1 | dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | |
CY2013Q1 | dei |
Entity Filer Category
EntityFilerCategory
|
Accelerated Filer | |
CY2013Q1 | dei |
Entity Registrant Name
EntityRegistrantName
|
Cheniere Energy Partners, L.P. | |
CY2013Q1 | dei |
Entity Voluntary Filers
EntityVoluntaryFilers
|
No | |
CY2013Q1 | dei |
Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
|
No |