2014 Q1 Form 10-Q Financial Statement

#000138365014000032 Filed on May 01, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2013 Q1
Revenue $67.22M $66.11M
YoY Change 1.68% -4.68%
Cost Of Revenue $13.70M $15.20M
YoY Change -9.87% 56.7%
Gross Profit $53.60M $50.90M
YoY Change 5.3% -14.6%
Gross Profit Margin 79.74% 77.0%
Selling, General & Admin $30.50M $27.00M
YoY Change 12.96% 225.3%
% of Gross Profit 56.9% 53.05%
Research & Development $3.496M $3.484M
YoY Change 0.34% -79.1%
% of Gross Profit 6.52% 6.84%
Depreciation & Amortization $14.32M $14.30M
YoY Change 0.1% 34.58%
% of Gross Profit 26.71% 28.1%
Operating Expenses $62.14M $60.44M
YoY Change 2.81% 36.02%
Operating Profit $4.893M $5.670M
YoY Change -13.7% -70.41%
Interest Expense $40.27M $40.26M
YoY Change 0.02% -7.35%
% of Operating Profit 823.01% 710.09%
Other Income/Expense, Net -$74.82M -$57.40M
YoY Change 30.34% 29.8%
Pretax Income -$69.70M -$51.70M
YoY Change 34.82% 105.98%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$69.73M -$51.73M
YoY Change 34.79% 106.42%
Net Earnings / Revenue -103.74% -78.26%
Basic Earnings Per Share
Diluted Earnings Per Share -$206.3K -$164.5K
COMMON SHARES
Basic Shares Outstanding 0.000 shares 39.49M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q1 2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $325.0M $457.0M
YoY Change -28.88% 674.58%
Cash & Equivalents $325.3M $456.9M
Short-Term Investments
Other Short-Term Assets $188.0M $260.0M
YoY Change -27.69% 300.0%
Inventory $4.072M $2.157M
Prepaid Expenses
Receivables $13.00M $170.0K
Other Receivables $0.00 $0.00
Total Short-Term Assets $530.1M $732.9M
YoY Change -27.67% 439.61%
LONG-TERM ASSETS
Property, Plant & Equipment $7.028B $3.242B
YoY Change 116.79% 115.44%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $97.13M $22.25M
YoY Change 336.56% -2.37%
Total Long-Term Assets $7.843B $4.977B
YoY Change 57.6% 205.97%
TOTAL ASSETS
Total Short-Term Assets $530.1M $732.9M
Total Long-Term Assets $7.843B $4.977B
Total Assets $8.373B $5.710B
YoY Change 46.65% 223.97%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.836M $19.95M
YoY Change -75.76% 2266.19%
Accrued Expenses $123.0M $218.4M
YoY Change -43.68% 216.89%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $200.7M $284.5M
YoY Change -29.48% 173.31%
LONG-TERM LIABILITIES
Long-Term Debt $6.578B $3.668B
YoY Change 79.33% 67.23%
Other Long-Term Liabilities $192.0K $300.0K
YoY Change -36.0% -4.15%
Total Long-Term Liabilities $6.579B $3.669B
YoY Change 79.32% 67.22%
TOTAL LIABILITIES
Total Short-Term Liabilities $200.7M $284.5M
Total Long-Term Liabilities $6.579B $3.669B
Total Liabilities $6.779B $3.953B
YoY Change 71.49% 72.02%
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 $1.545B $1.697B
YoY Change
Total Liabilities & Shareholders Equity $8.373B $5.710B
YoY Change 46.65% 223.97%

Cashflow Statement

Concept 2014 Q1 2013 Q1
OPERATING ACTIVITIES
Net Income -$69.73M -$51.73M
YoY Change 34.79% 106.42%
Depreciation, Depletion And Amortization $14.32M $14.30M
YoY Change 0.1% 34.58%
Cash From Operating Activities -$456.0K $2.267M
YoY Change -120.11% -122.93%
INVESTING ACTIVITIES
Capital Expenditures $751.8M $465.0M
YoY Change 61.66% 112229.47%
Acquisitions
YoY Change
Other Investing Activities $10.05M $790.0K
YoY Change 1172.15% -29.96%
Cash From Investing Activities -$480.0K -$2.532M
YoY Change -81.04% 64.2%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$24.75M $37.83M
YoY Change -165.44% -458.8%
NET CHANGE
Cash From Operating Activities -$456.0K $2.267M
Cash From Investing Activities -$480.0K -$2.532M
Cash From Financing Activities -$24.75M $37.83M
Net Change In Cash -$25.69M $37.56M
YoY Change -168.4% -270.95%
FREE CASH FLOW
Cash From Operating Activities -$456.0K $2.267M
Capital Expenditures $751.8M $465.0M
Free Cash Flow -$752.3M -$462.8M
YoY Change 62.55% 4392.54%

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CY2013Q1 cqp Net Income Loss Allocated To Partners
NetIncomeLossAllocatedToPartners
-42487000 USD
CY2013Q1 cqp Net Income Loss Attributableto Predecessor Operations
NetIncomeLossAttributabletoPredecessorOperations
-9246000 USD
CY2014Q1 cqp Net Income Loss Attributableto Predecessor Operations
NetIncomeLossAttributabletoPredecessorOperations
0 USD
CY2014Q1 cqp Number Of Days After Quarter End Distribution Is Paid
NumberOfDaysAfterQuarterEndDistributionIsPaid
P45D
CY2014Q1 cqp Operating Costs And Expenses Related Parties
OperatingCostsAndExpensesRelatedParties
4431000 USD
CY2013Q1 cqp Operating Costs And Expenses Related Parties
OperatingCostsAndExpensesRelatedParties
6923000 USD
CY2013Q4 cqp Other Current Assets Related Party
OtherCurrentAssetsRelatedParty
3280000 USD
CY2014Q1 cqp Other Current Assets Related Party
OtherCurrentAssetsRelatedParty
3285000 USD
CY2014Q1 cqp Other Current Liabilities Related Party
OtherCurrentLiabilitiesRelatedParty
20000 USD
CY2013Q4 cqp Other Current Liabilities Related Party
OtherCurrentLiabilitiesRelatedParty
0 USD
CY2014Q1 cqp Other Non Current Liabilities Related Party
OtherNonCurrentLiabilitiesRelatedParty
32148000 USD
CY2013Q4 cqp Other Non Current Liabilities Related Party
OtherNonCurrentLiabilitiesRelatedParty
17186000 USD
CY2014Q1 cqp Other Operating Activities Affiliate Cash Flow Statement
OtherOperatingActivitiesAffiliateCashFlowStatement
-567000 USD
CY2013Q1 cqp Other Operating Activities Affiliate Cash Flow Statement
OtherOperatingActivitiesAffiliateCashFlowStatement
1277000 USD
CY2014Q1 cqp Proceedsfrom Sabine Pass Liquefaction Senior Notesnet
ProceedsfromSabinePassLiquefactionSeniorNotesnet
0 USD
CY2013Q1 cqp Proceedsfrom Sabine Pass Liquefaction Senior Notesnet
ProceedsfromSabinePassLiquefactionSeniorNotesnet
1500000000 USD
CY2013Q1 cqp Research And Development Expense Related Parties
ResearchAndDevelopmentExpenseRelatedParties
451000 USD
CY2014Q1 cqp Research And Development Expense Related Parties
ResearchAndDevelopmentExpenseRelatedParties
152000 USD
CY2014Q1 cqp Revenue From Third Parties
RevenueFromThirdParties
66449000 USD
CY2013Q1 cqp Revenue From Third Parties
RevenueFromThirdParties
65563000 USD
CY2013Q4 cqp Subordinated Unitholders Equity
SubordinatedUnitholdersEquity
931074000 USD
CY2014Q1 cqp Subordinated Unitholders Equity
SubordinatedUnitholdersEquity
883002000 USD
CY2013Q1 cqp Terminal Use Agreement Maintenance Expense
TerminalUseAgreementMaintenanceExpense
-300000 USD
CY2014Q1 cqp Terminal Use Agreement Maintenance Expense
TerminalUseAgreementMaintenanceExpense
-500000 USD
CY2014Q1 dei Amendment Flag
AmendmentFlag
false
CY2014Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2014Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2014Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
CY2014Q1 dei Document Period End Date
DocumentPeriodEndDate
2014-03-31
CY2014Q1 dei Document Type
DocumentType
10-Q
CY2014Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001383650
CY2014Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
0 shares
CY2014Q1 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2014Q1 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2014Q1 dei Entity Registrant Name
EntityRegistrantName
Cheniere Energy Partners, L.P.
CY2014Q1 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2014Q1 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes

Files In Submission

Name View Source Status
0001383650-14-000032-index-headers.html Edgar Link pending
0001383650-14-000032-index.html Edgar Link pending
0001383650-14-000032.txt Edgar Link pending
0001383650-14-000032-xbrl.zip Edgar Link pending
cqp-20140331.xml Edgar Link completed
cqp-20140331.xsd Edgar Link pending
cqp-20140331_cal.xml Edgar Link unprocessable
cqp-20140331_def.xml Edgar Link unprocessable
cqp-20140331_lab.xml Edgar Link unprocessable
cqp-20140331_pre.xml Edgar Link unprocessable
cqp2014form10q1stqtr.htm Edgar Link pending
exhibit311cqp20141stqtr.htm Edgar Link pending
exhibit312cqp20141stqtr.htm Edgar Link pending
exhibit321cqp20141stqtr.htm Edgar Link pending
exhibit322cqp20141stqtr.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
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report.css Edgar Link pending
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