2013 Q2 Form 10-Q Financial Statement

#000138365013000051 Filed on May 03, 2013

View on sec.gov

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%

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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

Files In Submission

Name View Source Status
0001383650-13-000051-index-headers.html Edgar Link pending
0001383650-13-000051-index.html Edgar Link pending
0001383650-13-000051.txt Edgar Link pending
0001383650-13-000051-xbrl.zip Edgar Link pending
cqp-20130331.xml Edgar Link completed
cqp-20130331.xsd Edgar Link pending
cqp-20130331_cal.xml Edgar Link unprocessable
cqp-20130331_def.xml Edgar Link unprocessable
cqp-20130331_lab.xml Edgar Link unprocessable
cqp-20130331_pre.xml Edgar Link unprocessable
cqp20131stqtrex101.htm Edgar Link pending
cqp20131stqtrex102.htm Edgar Link pending
cqp20131stqtrex311.htm Edgar Link pending
cqp20131stqtrex312.htm Edgar Link pending
cqp20131stqtrex321.htm Edgar Link pending
cqp20131stqtrex322.htm Edgar Link pending
cqp2013form10q1stqtr.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
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report.css Edgar Link pending
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