2015 Q4 Form 10-K Financial Statement
#000138365016000087 Filed on February 19, 2016
Income Statement
Concept | 2015 Q4 | 2015 | 2014 Q4 |
---|---|---|---|
Revenue | $67.27M | $270.0M | $66.56M |
YoY Change | 1.07% | 0.48% | -0.66% |
Cost Of Revenue | $22.10M | -$31.00M | $14.90M |
YoY Change | 48.32% | 8964.33% | 21.14% |
Gross Profit | $45.10M | $301.0M | $51.70M |
YoY Change | -12.77% | 11.88% | -5.48% |
Gross Profit Margin | 67.04% | 111.48% | 77.68% |
Selling, General & Admin | $45.40M | $137.4M | $30.50M |
YoY Change | 48.85% | 19.26% | -1.29% |
% of Gross Profit | 100.67% | 45.64% | 58.99% |
Research & Development | $400.0K | $3.000M | $1.100M |
YoY Change | -63.64% | -67.81% | -67.65% |
% of Gross Profit | 0.89% | 1.0% | 2.13% |
Depreciation & Amortization | $18.10M | $66.00M | $14.80M |
YoY Change | 22.3% | 12.63% | 3.5% |
% of Gross Profit | 40.13% | 21.93% | 28.63% |
Operating Expenses | $63.90M | $267.0M | $46.40M |
YoY Change | 37.72% | -0.44% | -4.53% |
Operating Profit | -$18.74M | $3.000M | $5.275M |
YoY Change | -455.24% | 482.52% | -2.82% |
Interest Expense | -$37.40M | $185.0M | -$76.30M |
YoY Change | -50.98% | 4.5% | 362.42% |
% of Operating Profit | 6166.67% | -1446.45% | |
Other Income/Expense, Net | $100.0K | -$322.0M | $200.0K |
YoY Change | -50.0% | -21.57% | 0.0% |
Pretax Income | -$56.00M | -$318.9M | -$70.80M |
YoY Change | -20.9% | -22.22% | 15.5% |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$56.04M | -$319.0M | -$70.84M |
YoY Change | -20.89% | -22.2% | 15.63% |
Net Earnings / Revenue | -83.3% | -118.15% | -106.43% |
Basic Earnings Per Share | $0.01 | ||
Diluted Earnings Per Share | -$0.09 | -$944.0K | -$209.6K |
COMMON SHARES | |||
Basic Shares Outstanding | |||
Diluted Shares Outstanding |
Balance Sheet
Concept | 2015 Q4 | 2015 | 2014 Q4 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $146.0M | $146.2M | $249.0M |
YoY Change | -41.37% | -41.28% | -29.06% |
Cash & Equivalents | $146.2M | $146.2M | $248.8M |
Short-Term Investments | |||
Other Short-Term Assets | $14.18M | $288.7M | $199.0M |
YoY Change | -92.87% | 40.16% | -16.03% |
Inventory | $16.67M | $16.67M | $7.786M |
Prepaid Expenses | |||
Receivables | $742.0K | $41.11M | $333.0K |
Other Receivables | $0.00 | $741.0K | $0.00 |
Total Short-Term Assets | $493.5M | $493.5M | $486.5M |
YoY Change | 1.43% | 1.33% | -20.65% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $11.93B | $11.93B | $8.978B |
YoY Change | 32.89% | 32.9% | 40.64% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $232.0M | $408.1M | $124.5M |
YoY Change | 86.34% | -55.79% | 50.76% |
Total Long-Term Assets | $12.34B | $12.34B | $9.901B |
YoY Change | 24.63% | 24.63% | 25.27% |
TOTAL ASSETS | |||
Total Short-Term Assets | $493.5M | $493.5M | $486.5M |
Total Long-Term Assets | $12.34B | $12.34B | $9.901B |
Total Assets | $12.83B | $12.83B | $10.39B |
YoY Change | 23.54% | 23.54% | 21.97% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $16.41M | $16.41M | $8.598M |
YoY Change | 90.82% | 82.3% | -15.26% |
Accrued Expenses | $224.3M | $224.3M | $136.6M |
YoY Change | 64.22% | 63.72% | -19.68% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $1.673B | $1.673B | $0.00 |
YoY Change | |||
Total Short-Term Liabilities | $2.063B | $2.063B | $214.8M |
YoY Change | 860.63% | 859.54% | -19.23% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $10.02B | $10.02B | $8.991B |
YoY Change | 11.42% | 11.43% | 36.72% |
Other Long-Term Liabilities | $175.0K | $38.88M | $2.452M |
YoY Change | -92.86% | -23.76% | 1170.47% |
Total Long-Term Liabilities | $10.02B | $10.06B | $8.994B |
YoY Change | 11.39% | 11.23% | 36.76% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $2.063B | $2.063B | $214.8M |
Total Long-Term Liabilities | $10.02B | $10.06B | $8.994B |
Total Liabilities | $12.08B | $12.12B | $9.209B |
YoY Change | 31.2% | 30.93% | 34.58% |
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 | $713.0M | $712.9M | $1.131B |
YoY Change | |||
Total Liabilities & Shareholders Equity | $12.83B | $12.83B | $10.39B |
YoY Change | 23.54% | 23.54% | 21.97% |
Cashflow Statement
Concept | 2015 Q4 | 2015 | 2014 Q4 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$56.04M | -$319.0M | -$70.84M |
YoY Change | -20.89% | -22.2% | 15.63% |
Depreciation, Depletion And Amortization | $18.10M | $66.00M | $14.80M |
YoY Change | 22.3% | 12.63% | 3.5% |
Cash From Operating Activities | $6.600M | -$171.0M | $34.50M |
YoY Change | -80.87% | 24.78% | -33.4% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$781.1M | $2.913B | -$677.4M |
YoY Change | 15.31% | 10.11% | -78.29% |
Acquisitions | $0.00 | ||
YoY Change | |||
Other Investing Activities | $775.2M | $62.00M | $663.8M |
YoY Change | 16.78% | 59.47% | -78.69% |
Cash From Investing Activities | -$5.900M | -$2.975B | -$13.60M |
YoY Change | -56.62% | 10.82% | 138.6% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | $0.00 | ||
YoY Change | -100.0% | ||
Cash From Financing Activities | -25.00M | $2.591B | 74.10M |
YoY Change | -133.74% | 17.41% | -118.04% |
NET CHANGE | |||
Cash From Operating Activities | 6.600M | -$171.0M | 34.50M |
Cash From Investing Activities | -5.900M | -$2.975B | -13.60M |
Cash From Financing Activities | -25.00M | $2.591B | 74.10M |
Net Change In Cash | -24.30M | -$555.0M | 95.00M |
YoY Change | -125.58% | -9.72% | -126.05% |
FREE CASH FLOW | |||
Cash From Operating Activities | $6.600M | -$171.0M | $34.50M |
Capital Expenditures | -$781.1M | $2.913B | -$677.4M |
Free Cash Flow | $787.7M | -$3.084B | $711.9M |
YoY Change | 10.65% | 10.83% | -77.56% |
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99015000 | USD |
CY2015 | us-gaap |
Distribution Made To Limited Partner Cash Distributions Declared
DistributionMadeToLimitedPartnerCashDistributionsDeclared
|
99018000 | USD |
CY2014Q4 | us-gaap |
Due To Affiliate Current
DueToAffiliateCurrent
|
18952000 | USD |
CY2015Q4 | us-gaap |
Due To Affiliate Current
DueToAffiliateCurrent
|
115123000 | USD |
CY2013 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.03 | |
CY2014Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.06 | |
CY2014Q2 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.85 | |
CY2014Q3 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0.08 | |
CY2014Q4 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.06 | |
CY2014 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.89 | |
CY2015Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.61 | |
CY2015Q2 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.01 | |
CY2015Q3 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0.18 | |
CY2015Q4 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0.01 | |
CY2015 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.43 | |
CY2015Q4 | us-gaap |
Entity Not Subject To Income Taxes Difference In Bases Amount
EntityNotSubjectToIncomeTaxesDifferenceInBasesAmount
|
212800000 | USD |
CY2013 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3
|
0 | USD |
CY2014 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3
|
0 | USD |
CY2015 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3
|
0 | USD |
CY2013 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3
|
0 | USD |
CY2014 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3
|
0 | USD |
CY2015 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3
|
0 | USD |
CY2013 | us-gaap |
Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
|
82791000 | USD |
CY2014 | us-gaap |
Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
|
-119401000 | USD |
CY2015 | us-gaap |
Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
|
-41722000 | USD |
CY2013 | us-gaap |
Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
|
-579000 | USD |
CY2014 | us-gaap |
Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
|
21581000 | USD |
CY2015 | us-gaap |
Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
|
41398000 | USD |
CY2013 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-131576000 | USD |
CY2014 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-114335000 | USD |
CY2015 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-96273000 | USD |
CY2013 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
11570000 | USD |
CY2014 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
13807000 | USD |
CY2015 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
15079000 | USD |
CY2014Q4 | us-gaap |
General Partners Capital Account
GeneralPartnersCapitalAccount
|
24934000 | USD |
CY2015Q4 | us-gaap |
General Partners Capital Account
GeneralPartnersCapitalAccount
|
16578000 | USD |
CY2014Q4 | us-gaap |
General Partners Capital Account Units Issued
GeneralPartnersCapitalAccountUnitsIssued
|
6894000 | shares |
CY2015Q4 | us-gaap |
General Partners Capital Account Units Issued
GeneralPartnersCapitalAccountUnitsIssued
|
6894000 | shares |
CY2014Q4 | us-gaap |
General Partners Capital Account Units Outstanding
GeneralPartnersCapitalAccountUnitsOutstanding
|
6894000 | shares |
CY2015Q4 | us-gaap |
General Partners Capital Account Units Outstanding
GeneralPartnersCapitalAccountUnitsOutstanding
|
6894000 | shares |
CY2013 | us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
0 | USD |
CY2014 | us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
0 | USD |
CY2015 | us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
0 | USD |
CY2013 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-2384000 | USD |
CY2014 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
3949000 | USD |
CY2015 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-996000 | USD |
CY2013 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-4000 | USD |
CY2014 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
293000 | USD |
CY2015 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-259000 | USD |
CY2013 | us-gaap |
Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
|
1083000 | USD |
CY2014 | us-gaap |
Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
|
503000 | USD |
CY2015 | us-gaap |
Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
|
-1248000 | USD |
CY2013 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-3947000 | USD |
CY2014 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-3938000 | USD |
CY2015 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-3986000 | USD |
CY2013 | us-gaap |
Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
|
26091000 | USD |
CY2014 | us-gaap |
Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
|
-15842000 | USD |
CY2015 | us-gaap |
Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
|
14882000 | USD |
CY2013 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
30903000 | USD |
CY2014 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
19008000 | USD |
CY2015 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
25037000 | USD |
CY2013 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
7632000 | USD |
CY2014 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
4236000 | USD |
CY2015 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
12010000 | USD |
CY2013 | us-gaap |
Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
|
-3119632000 | USD |
CY2014 | us-gaap |
Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
|
-2669332000 | USD |
CY2015 | us-gaap |
Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
|
-2965477000 | USD |
CY2013 | us-gaap |
Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
|
-171345000 | USD |
CY2014 | us-gaap |
Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
|
-148972000 | USD |
CY2015 | us-gaap |
Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
|
-176847000 | USD |
CY2013 | us-gaap |
Interest Costs Capitalized
InterestCostsCapitalized
|
233000000 | USD |
CY2014 | us-gaap |
Interest Costs Capitalized
InterestCostsCapitalized
|
403200000 | USD |
CY2015 | us-gaap |
Interest Costs Capitalized
InterestCostsCapitalized
|
523100000 | USD |
CY2013 | us-gaap |
Interest Costs Incurred
InterestCostsIncurred
|
414000000 | USD |
CY2014 | us-gaap |
Interest Costs Incurred
InterestCostsIncurred
|
580200000 | USD |
CY2015 | us-gaap |
Interest Costs Incurred
InterestCostsIncurred
|
707700000 | USD |
CY2013 | us-gaap |
Interest Expense
InterestExpense
|
178400000 | USD |
CY2014 | us-gaap |
Interest Expense
InterestExpense
|
177032000 | USD |
CY2015 | us-gaap |
Interest Expense
InterestExpense
|
184600000 | USD |
CY2013 | us-gaap |
Interest Paid Net
InterestPaidNet
|
120908000 | USD |
CY2014 | us-gaap |
Interest Paid Net
InterestPaidNet
|
130578000 | USD |
CY2015 | us-gaap |
Interest Paid Net
InterestPaidNet
|
135836000 | USD |
CY2014Q4 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
112858000 | USD |
CY2015Q4 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
150336000 | USD |
CY2014Q4 | us-gaap |
Inventory Net
InventoryNet
|
7786000 | USD |
CY2015Q4 | us-gaap |
Inventory Net
InventoryNet
|
16667000 | USD |
CY2013 | us-gaap |
Inventory Write Down
InventoryWriteDown
|
26900000 | USD |
CY2014 | us-gaap |
Inventory Write Down
InventoryWriteDown
|
24461000 | USD |
CY2015 | us-gaap |
Inventory Write Down
InventoryWriteDown
|
17537000 | USD |
CY2013 | us-gaap |
Lease And Rental Expense
LeaseAndRentalExpense
|
10000000 | USD |
CY2014 | us-gaap |
Lease And Rental Expense
LeaseAndRentalExpense
|
10500000 | USD |
CY2015 | us-gaap |
Lease And Rental Expense
LeaseAndRentalExpense
|
10500000 | USD |
CY2014Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
10387515000 | USD |
CY2015Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
12996327000 | USD |
CY2014Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
214756000 | USD |
CY2015Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
2065835000 | USD |
CY2014 | us-gaap |
Limited Liability Company Llc Or Limited Partnership Lp Managing Member Or General Partner Ownership Interest
LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest
|
0.02 | |
CY2015 | us-gaap |
Limited Liability Company Llc Or Limited Partnership Lp Managing Member Or General Partner Ownership Interest
LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest
|
0.02 | |
CY2014Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
8991333000 | USD |
CY2015Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
10178681000 | USD |
CY2015Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
|
8500000000 | USD |
CY2015Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
|
1680500000 | USD |
CY2015Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
|
1265000000 | USD |
CY2015Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
|
0 | USD |
CY2015Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
|
0 | USD |
CY2015Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
|
400000000 | USD |
CY2014Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
8991333000 | USD |
CY2015Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
10178681000 | USD |
CY2015Q4 | us-gaap |
Loss Contingency Pending Claims Number
LossContingencyPendingClaimsNumber
|
0 | item |
CY2013 | us-gaap |
Loss On Discontinuation Of Cash Flow Hedge Due To Forecasted Transaction Probable Of Not Occurring
LossOnDiscontinuationOfCashFlowHedgeDueToForecastedTransactionProbableOfNotOccurring
|
5973000 | USD |
CY2014 | us-gaap |
Loss On Discontinuation Of Cash Flow Hedge Due To Forecasted Transaction Probable Of Not Occurring
LossOnDiscontinuationOfCashFlowHedgeDueToForecastedTransactionProbableOfNotOccurring
|
0 | USD |
CY2015 | us-gaap |
Loss On Discontinuation Of Cash Flow Hedge Due To Forecasted Transaction Probable Of Not Occurring
LossOnDiscontinuationOfCashFlowHedgeDueToForecastedTransactionProbableOfNotOccurring
|
0 | USD |
CY2013 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
224876000 | USD |
CY2014 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-99029000 | USD |
CY2015 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-99306000 | USD |
CY2013 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-328800000 | USD |
CY2014 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-15101000 | USD |
CY2015 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-9051000 | USD |
CY2013 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
35664000 | USD |
CY2014 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
11928000 | USD |
CY2015 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
5748000 | USD |
CY2013 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-258117000 | USD |
CY2014Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-69733000 | USD |
CY2014Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-226224000 | USD |
CY2014Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-43240000 | USD |
CY2014Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-70839000 | USD |
CY2014 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-410036000 | USD |
CY2015Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-178676000 | USD |
CY2015Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-60043000 | USD |
CY2015Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-24132000 | USD |
CY2015Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-56040000 | USD |
CY2015 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-318891000 | USD |
CY2013 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-226088000 | USD |
CY2014 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-410551000 | USD |
CY2015 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-321933000 | USD |
CY2013 | us-gaap |
Operating Costs And Expenses
OperatingCostsAndExpenses
|
59300000 | USD |
CY2014 | us-gaap |
Operating Costs And Expenses
OperatingCostsAndExpenses
|
62819000 | USD |
CY2015 | us-gaap |
Operating Costs And Expenses
OperatingCostsAndExpenses
|
30940000 | USD |
CY2013 | us-gaap |
Operating Expenses
OperatingExpenses
|
300220000 | USD |
CY2014 | us-gaap |
Operating Expenses
OperatingExpenses
|
268183000 | USD |
CY2015 | us-gaap |
Operating Expenses
OperatingExpenses
|
266986000 | USD |
CY2013 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-32029000 | USD |
CY2014Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
4893000 | USD |
CY2014Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-7791000 | USD |
CY2014Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-1862000 | USD |
CY2014Q4 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
5275000 | USD |
CY2014 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
515000 | USD |
CY2015Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-9822000 | USD |
CY2015Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-4318000 | USD |
CY2015Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
35921000 | USD |
CY2015Q4 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-18739000 | USD |
CY2015 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
3042000 | USD |
CY2015Q4 | us-gaap |
Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
|
40976000 | USD |
CY2015Q4 | us-gaap |
Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
|
2620000 | USD |
CY2015Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
|
2056000 | USD |
CY2015Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
|
2197000 | USD |
CY2015Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
|
2219000 | USD |
CY2015Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
|
2220000 | USD |
CY2015Q4 | us-gaap |
Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
|
29664000 | USD |
CY2014Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
629000 | USD |
CY2015Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
3815000 | USD |
CY2014Q4 | us-gaap |
Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
|
42822000 | USD |
CY2015Q4 | us-gaap |
Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
|
50396000 | USD |
CY2014Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
124521000 | USD |
CY2015Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
200013000 | USD |
CY2013 | us-gaap |
Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
27240000 | USD |
CY2013 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
27240000 | USD |
CY2014 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
0 | USD |
CY2015 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
0 | USD |
CY2013 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
|
30000 | USD |
CY2014 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
|
0 | USD |
CY2015 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
|
0 | USD |
CY2013 | us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
21297000 | USD |
CY2014 | us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
0 | USD |
CY2015 | us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
0 | USD |
CY2014Q4 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
18000 | USD |
CY2015Q4 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
0 | USD |
CY2014Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
2452000 | USD |
CY2015Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
3059000 | USD |
CY2013 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
0 | USD |
CY2014 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-15000 | USD |
CY2015 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-85000 | USD |
CY2013 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
1097000 | USD |
CY2014 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
217000 | USD |
CY2015 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
662000 | USD |
CY2012Q4 | us-gaap |
Partners Capital
PartnersCapital
|
1879978000 | USD |
CY2013Q4 | us-gaap |
Partners Capital
PartnersCapital
|
1639744000 | USD |
CY2014Q4 | us-gaap |
Partners Capital
PartnersCapital
|
1130729000 | USD |
CY2015Q4 | us-gaap |
Partners Capital
PartnersCapital
|
712931000 | USD |
CY2013 | us-gaap |
Partners Capital Account Distributions
PartnersCapitalAccountDistributions
|
91386000 | USD |
CY2014 | us-gaap |
Partners Capital Account Distributions
PartnersCapitalAccountDistributions
|
99015000 | USD |
CY2015 | us-gaap |
Partners Capital Account Distributions
PartnersCapitalAccountDistributions
|
99018000 | USD |
CY2013 | us-gaap |
Partners Capital Account Exchanges And Conversions
PartnersCapitalAccountExchangesAndConversions
|
0 | USD |
CY2013 | us-gaap |
Partners Capital Account Sale Of Units
PartnersCapitalAccountSaleOfUnits
|
375897000 | USD |
CY2014 | us-gaap |
Partners Capital Account Unit Based Compensation
PartnersCapitalAccountUnitBasedCompensation
|
36000 | USD |
CY2015 | us-gaap |
Partners Capital Account Unit Based Compensation
PartnersCapitalAccountUnitBasedCompensation
|
111000 | USD |
CY2013 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
13897000 | USD |
CY2014 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
38880000 | USD |
CY2015 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
62448000 | USD |
CY2013 | us-gaap |
Payments Of Capital Distribution
PaymentsOfCapitalDistribution
|
91386000 | USD |
CY2014 | us-gaap |
Payments Of Capital Distribution
PaymentsOfCapitalDistribution
|
98979000 | USD |
CY2015 | us-gaap |
Payments Of Capital Distribution
PaymentsOfCapitalDistribution
|
99018000 | USD |
CY2013 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
311050000 | USD |
CY2014 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
103787000 | USD |
CY2015 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
169924000 | USD |
CY2013 | us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
313892000 | USD |
CY2014 | us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
0 | USD |
CY2015 | us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
0 | USD |
CY2013 | us-gaap |
Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
|
180000000 | USD |
CY2014 | us-gaap |
Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
|
0 | USD |
CY2015 | us-gaap |
Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
|
0 | USD |
CY2013 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
3120643000 | USD |
CY2014 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
2645553000 | USD |
CY2015 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
2912080000 | USD |
CY2014Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
2895000 | USD |
CY2015Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
11828000 | USD |
CY2013 | us-gaap |
Proceeds From Contributions From Parent
ProceedsFromContributionsFromParent
|
20896000 | USD |
CY2014 | us-gaap |
Proceeds From Contributions From Parent
ProceedsFromContributionsFromParent
|
0 | USD |
CY2015 | us-gaap |
Proceeds From Contributions From Parent
ProceedsFromContributionsFromParent
|
0 | USD |
CY2013 | us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
4504478000 | USD |
CY2014 | us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
2584500000 | USD |
CY2015 | us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
2860000000 | USD |
CY2013 | us-gaap |
Proceeds From Repayments Of Restricted Cash Financing Activities
ProceedsFromRepaymentsOfRestrictedCashFinancingActivities
|
-4173959000 | USD |
CY2014 | us-gaap |
Proceeds From Repayments Of Restricted Cash Financing Activities
ProceedsFromRepaymentsOfRestrictedCashFinancingActivities
|
-2303763000 | USD |
CY2015 | us-gaap |
Proceeds From Repayments Of Restricted Cash Financing Activities
ProceedsFromRepaymentsOfRestrictedCashFinancingActivities
|
-2690364000 | USD |
CY2013 | us-gaap |
Proceeds From Sale Of Interest In Partnership Unit
ProceedsFromSaleOfInterestInPartnershipUnit
|
375897000 | USD |
CY2014 | us-gaap |
Proceeds From Sale Of Interest In Partnership Unit
ProceedsFromSaleOfInterestInPartnershipUnit
|
0 | USD |
CY2015 | us-gaap |
Proceeds From Sale Of Interest In Partnership Unit
ProceedsFromSaleOfInterestInPartnershipUnit
|
0 | USD |
CY2014Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
8978356000 | USD |
CY2015Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
11931602000 | USD |
CY2013 | us-gaap |
Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party
RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty
|
129836000 | USD |
CY2014 | us-gaap |
Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party
RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty
|
101369000 | USD |
CY2015 | us-gaap |
Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party
RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty
|
122312000 | USD |
CY2013 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
100000000 | USD |
CY2014 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
177000000 | USD |
CY2015 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
0 | USD |
CY2013 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
11322000 | USD |
CY2014 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
9319000 | USD |
CY2015 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
2850000 | USD |
CY2014Q4 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
195702000 | USD |
CY2015Q4 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
274557000 | USD |
CY2014Q4 | us-gaap |
Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
|
544465000 | USD |
CY2015Q4 | us-gaap |
Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
|
13650000 | USD |
CY2013 | us-gaap |
Revenue From Related Parties
RevenueFromRelatedParties
|
2940000 | USD |
CY2014 | us-gaap |
Revenue From Related Parties
RevenueFromRelatedParties
|
2958000 | USD |
CY2015 | us-gaap |
Revenue From Related Parties
RevenueFromRelatedParties
|
4391000 | USD |
CY2013 | us-gaap |
Revenues
Revenues
|
268191000 | USD |
CY2014Q1 | us-gaap |
Revenues
Revenues
|
67221000 | USD |
CY2014Q2 | us-gaap |
Revenues
Revenues
|
67328000 | USD |
CY2014Q3 | us-gaap |
Revenues
Revenues
|
67590000 | USD |
CY2014Q4 | us-gaap |
Revenues
Revenues
|
66559000 | USD |
CY2014 | us-gaap |
Revenues
Revenues
|
268698000 | USD |
CY2015Q1 | us-gaap |
Revenues
Revenues
|
67530000 | USD |
CY2015Q2 | us-gaap |
Revenues
Revenues
|
67689000 | USD |
CY2015Q3 | us-gaap |
Revenues
Revenues
|
67537000 | USD |
CY2015Q4 | us-gaap |
Revenues
Revenues
|
67272000 | USD |
CY2015 | us-gaap |
Revenues
Revenues
|
270028000 | USD |
CY2013 | us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
|
-357132000 | USD |
CY2014 | us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
|
-509051000 | USD |
CY2015 | us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
|
-417909000 | USD |
CY2013 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
84296000 | USD |
CY2014 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
-117701000 | USD |
CY2015 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
-7154000 | USD |
CY2013 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
54235000 | shares |
CY2014 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
57079000 | shares |
CY2015 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
57081000 | shares |
CY2015 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Concentration of Credit Risk</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;"> </font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Financial instruments that potentially subject us to a concentration of credit risk consist principally of cash and cash equivalents and restricted cash. We maintain cash balances at financial institutions, which may at times be in excess of federally insured levels. We have not incurred losses related to these balances to date.</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"/></font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The use of derivative instruments exposes us to counterparty credit risk, or the risk that a counterparty will be unable to meet its commitments. Our commodity derivative transactions are executed through over-the-counter contracts which are subject to nominal credit risk as these transactions are settled on a daily margin basis with investment grade financial institutions. Collateral deposited for such contracts is recorded as other current asset. Our interest rate derivative instruments are placed with investment grade financial institutions whom we believe are acceptable credit risks. We monitor counterparty creditworthiness on an ongoing basis; however, we cannot predict sudden changes in counterparties’ creditworthiness. In addition, even if such changes are not sudden, we may be limited in our ability to mitigate an increase in counterparty credit risk. Should one of these counterparties not perform, we may not realize the benefit of some of our derivative instruments.</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"/></font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">SPLNG has entered into </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;"> long-term TUAs with unaffiliated third parties for regasification capacity at the Sabine Pass LNG terminal. SPLNG is dependent on the respective counterparties’ creditworthiness and their willingness to perform under their respective TUAs. SPLNG has mitigated this credit risk by securing TUAs for a significant portion of its regasification capacity with creditworthy third-party customers with a minimum Standard & Poor’s rating of AA.</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"/></font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">SPL has entered into </font><font style="font-family:inherit;font-size:10pt;">six</font><font style="font-family:inherit;font-size:10pt;"> fixed price </font><font style="font-family:inherit;font-size:10pt;">20</font><font style="font-family:inherit;font-size:10pt;">-year SPAs with </font><font style="font-family:inherit;font-size:10pt;">six</font><font style="font-family:inherit;font-size:10pt;"> unaffiliated third parties. SPL is dependent on the respective counterparties’ creditworthiness and their willingness to perform under their respective SPAs.</font></div></div> | |
CY2015 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">ORGANIZATION AND NATURE OF OPERATIONS</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We are a publicly traded Delaware limited partnership (NYSE MKT: CQP) formed by Cheniere. Through our wholly owned subsidiary, SPLNG, we own and operate the regasification facilities at the Sabine Pass LNG terminal </font><font style="font-family:inherit;font-size:10pt;color:#231f20;">located on </font><font style="font-family:inherit;font-size:10pt;">the Sabine-Neches Waterway</font><font style="font-family:inherit;font-size:10pt;color:#231f20;"> less than four miles from the Gulf Coast. The Sabine Pass LNG terminal includes existing infrastructure of </font><font style="font-family:inherit;font-size:10pt;color:#231f20;">five</font><font style="font-family:inherit;font-size:10pt;color:#231f20;"> LNG storage tanks with capacity of </font><font style="font-family:inherit;font-size:10pt;">approximately </font><font style="font-family:inherit;font-size:10pt;">16.9</font><font style="font-family:inherit;font-size:10pt;color:#231f20;"> Bcfe, </font><font style="font-family:inherit;font-size:10pt;color:#231f20;">two</font><font style="font-family:inherit;font-size:10pt;color:#231f20;"> docks that can accommodate </font><font style="font-family:inherit;font-size:10pt;">vessels with nominal capacity of</font><font style="font-family:inherit;font-size:10pt;color:#231f20;"> up to </font><font style="font-family:inherit;font-size:10pt;color:#231f20;">266,000</font><font style="font-family:inherit;font-size:10pt;color:#231f20;"> cubic meters and vaporizers with regasification capacity of approximately </font><font style="font-family:inherit;font-size:10pt;color:#231f20;">4.0</font><font style="font-family:inherit;font-size:10pt;color:#231f20;"> Bcf/d. </font><font style="font-family:inherit;font-size:10pt;">We are developing and constructing </font><font style="font-family:inherit;font-size:10pt;color:#231f20;">natural gas liquefaction facilities (the “Liquefaction Project”) at the Sabine Pass LNG terminal adjacent to the existing regasification facilities </font><font style="font-family:inherit;font-size:10pt;">through our wholly owned subsidiary, SPL. We are constructing </font><font style="font-family:inherit;font-size:10pt;">five</font><font style="font-family:inherit;font-size:10pt;"> Trains and developing a sixth Train, each of which is expected to have a nominal production capacity of approximately </font><font style="font-family:inherit;font-size:10pt;">4.5</font><font style="font-family:inherit;font-size:10pt;"> mtpa of LNG. We also own a </font><font style="font-family:inherit;font-size:10pt;">94</font><font style="font-family:inherit;font-size:10pt;">-mile pipeline that interconnects the Sabine Pass LNG terminal with a number of large interstate pipelines </font><font style="font-family:inherit;font-size:10pt;">(the “Creole Trail Pipeline”)</font><font style="font-family:inherit;font-size:10pt;"> through our wholly owned subsidiary, CTPL. </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"/></font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As of December 31, </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;">, Cheniere owned </font><font style="font-family:inherit;font-size:10pt;">100%</font><font style="font-family:inherit;font-size:10pt;"> of our general partner interest and </font><font style="font-family:inherit;font-size:10pt;">80.1%</font><font style="font-family:inherit;font-size:10pt;"> of Cheniere Holdings, which owned </font><font style="font-family:inherit;font-size:10pt;">12.0 million</font><font style="font-family:inherit;font-size:10pt;"> of our common units, </font><font style="font-family:inherit;font-size:10pt;">45.3 million</font><font style="font-family:inherit;font-size:10pt;"> of our Class B units and </font><font style="font-family:inherit;font-size:10pt;">135.4 million</font><font style="font-family:inherit;font-size:10pt;"> of our subordinated units.</font></div></div> | |
CY2015 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of Consolidated Financial Statements in conformity with GAAP requires management to make certain estimates and assumptions that affect the amounts reported in the Consolidated Financial Statements and the accompanying notes. Management evaluates its estimates and related assumptions regularly, including those related to the value of property, plant and equipment, collectability of accounts receivable, derivative instruments, asset retirement obligations (“AROs”) and fair value measurements. Changes in facts and circumstances or additional information may result in revised estimates, and actual results may differ from these estimates.</font></div></div> |