2022 Q1 Form 10-K Financial Statement

#000138365022000005 Filed on February 24, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q4 2021
Revenue $3.328B $3.258B $9.434B
YoY Change 69.54% 63.14% 52.98%
Cost Of Revenue $2.787B $2.371B $6.214B
YoY Change 135.59% 96.11% 84.06%
Gross Profit $541.0M $887.0M $3.220B
YoY Change -30.64% 12.56% 15.37%
Gross Profit Margin 16.26% 27.23% 34.13%
Selling, General & Admin $26.00M $23.00M $94.00M
YoY Change 13.04% -8.0% -14.55%
% of Gross Profit 4.81% 2.59% 2.92%
Research & Development $0.00 $1.000M
YoY Change
% of Gross Profit 0.0% 0.03%
Depreciation & Amortization $153.0M $140.0M $557.0M
YoY Change 10.07% 1.45% 1.09%
% of Gross Profit 28.28% 15.78% 17.3%
Operating Expenses $179.0M $163.0M $1.000M
YoY Change 10.49% 0.0%
Operating Profit $362.0M $724.0M $2.557B
YoY Change -41.42% 15.84% 20.33%
Interest Expense $203.0M -$195.0M $831.0M
YoY Change -6.45% -10.55% -8.58%
% of Operating Profit 56.08% -26.93% 32.5%
Other Income/Expense, Net -$203.0M $3.000M -$927.0M
YoY Change -25.09% 50.0% -1.59%
Pretax Income $159.0M $508.0M $1.631B
YoY Change -54.18% 24.21% 37.87%
Income Tax
% Of Pretax Income
Net Earnings $159.0M $508.0M $1.630B
YoY Change -54.18% 24.21% 37.79%
Net Earnings / Revenue 4.78% 15.59% 17.28%
Basic Earnings Per Share
Diluted Earnings Per Share $328.5K $1.050M $3.370M
COMMON SHARES
Basic Shares Outstanding 484.0M shares 484.0M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2022 Q1 2021 Q4 2021
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.156B $876.0M $876.0M
YoY Change -5.17% -27.6% -27.6%
Cash & Equivalents $1.156B $876.0M $876.0M
Short-Term Investments
Other Short-Term Assets $93.00M $87.00M $206.0M
YoY Change 57.63% 42.62% 19.77%
Inventory $149.0M $176.0M $176.0M
Prepaid Expenses
Receivables $411.0M $546.0M $920.0M
Other Receivables $23.00M $34.00M $34.00M
Total Short-Term Assets $2.434B $2.212B $2.212B
YoY Change 14.81% 3.61% 3.61%
LONG-TERM ASSETS
Property, Plant & Equipment $16.92B $16.83B $16.93B
YoY Change 1.08% 0.64% 0.63%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $172.0M $173.0M $80.00M
YoY Change -2.82% 8.13% 77.78%
Total Long-Term Assets $17.22B $17.15B $17.15B
YoY Change 1.12% 0.8% 0.8%
TOTAL ASSETS
Total Short-Term Assets $2.434B $2.212B $2.212B
Total Long-Term Assets $17.22B $17.15B $17.15B
Total Assets $19.66B $19.36B $19.36B
YoY Change 2.64% 1.11% 1.11%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $24.00M $21.00M $21.00M
YoY Change 118.18% 75.0% 75.0%
Accrued Expenses $1.159B $1.073B $1.085B
YoY Change 64.63% 63.07% 62.18%
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 $1.600B $1.345B $1.345B
YoY Change -7.99% 52.32% 52.32%
LONG-TERM LIABILITIES
Long-Term Debt $17.18B $17.18B $17.18B
YoY Change 2.7% -2.29% -2.29%
Other Long-Term Liabilities $3.104B $0.00 $118.0M
YoY Change -100.0% -17.48%
Total Long-Term Liabilities $17.18B $17.18B $17.30B
YoY Change 2.7% -2.3% -2.41%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.600B $1.345B $1.345B
Total Long-Term Liabilities $17.18B $17.18B $17.30B
Total Liabilities $18.78B $18.52B $18.64B
YoY Change 1.69% 0.31% 0.18%
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 -$2.230B $718.0M $718.0M
YoY Change
Total Liabilities & Shareholders Equity $19.66B $19.36B $19.36B
YoY Change 2.64% 1.11% 1.11%

Cashflow Statement

Concept 2022 Q1 2021 Q4 2021
OPERATING ACTIVITIES
Net Income $159.0M $508.0M $1.630B
YoY Change -54.18% 24.21% 37.79%
Depreciation, Depletion And Amortization $153.0M $140.0M $557.0M
YoY Change 10.07% 1.45% 1.09%
Cash From Operating Activities $800.0M $624.0M $2.291B
YoY Change 36.05% 49.28% 30.84%
INVESTING ACTIVITIES
Capital Expenditures $87.00M -$153.0M $648.0M
YoY Change -40.41% -13.56% -33.33%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $0.00
YoY Change
Cash From Investing Activities -$87.00M -$153.0M -$648.0M
YoY Change -40.41% -13.56% -33.33%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$395.0M -1.343B -$1.976B
YoY Change -2.95% 289.28% 37.8%
NET CHANGE
Cash From Operating Activities $800.0M 624.0M $2.291B
Cash From Investing Activities -$87.00M -153.0M -$648.0M
Cash From Financing Activities -$395.0M -1.343B -$1.976B
Net Change In Cash $318.0M -872.0M -$333.0M
YoY Change 808.57% 738.46% -49.16%
FREE CASH FLOW
Cash From Operating Activities $800.0M $624.0M $2.291B
Capital Expenditures $87.00M -$153.0M $648.0M
Free Cash Flow $713.0M $777.0M $1.643B
YoY Change 61.31% 30.59% 110.91%

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CY2021 us-gaap Nature Of Operations
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ORGANIZATION AND NATURE OF OPERATIONS<div style="text-align:justify;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Sabine Pass LNG terminal is located in Cameron Parish, Louisiana, and has natural gas liquefaction facilities consisting of six operational natural gas liquefaction Trains, with Train 6 achieving substantial completion on February 4, 2022, for a total production capacity of approximately 30 mtpa of LNG (the “Liquefaction Project”). The Sabine Pass LNG terminal also has operational regasification facilities</span><span style="color:#231f20;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> that include </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">five LNG storage tanks, vaporizers and two marine berths, with an additional marine berth that is under construction. </span><span style="color:#231f20;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We also own</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> a 94-mile pipeline through our subsidiary, CTPL, that interconnects the Sabine Pass LNG terminal with a number of large interstate pipelines (the “Creole Trail Pipeline”).</span></div><div style="text-align:justify;text-indent:27pt"><span><br/></span></div><div style="text-align:justify;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of December 31, 2021, Cheniere owned 48.6% of our limited partner interest in the form of 239.9 million of our common units. Cheniere also owns 100% of our general partner interest and our incentive distribution rights (“IDRs”).</span></div>
CY2021 us-gaap Use Of Estimates
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<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="text-align:justify;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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 fair value measurements of derivatives and other instruments, useful lives of property, plant and equipment, certain valuations including leases and asset retirement obligations (“AROs”) as further discussed under the respective sections within this note. Changes in facts and circumstances or additional information may result in revised estimates, and actual results may differ from these estimates.</span></div>
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<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Concentration of Credit Risk</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"> </span></div><div style="text-align:justify;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Financial instruments that potentially subject us to a concentration of credit risk consist principally of derivative instruments and accounts receivable related to our long-term SPAs and regasification contracts, each discussed further below. Additionally, we maintain cash balances at financial institutions, which may at times be in excess of federally insured levels. We have not incurred credit losses related to these cash balances to date.</span></div><div style="text-align:justify;text-indent:27pt"><span><br/></span></div><div style="text-align:justify;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The use of derivative instruments exposes us to counterparty credit risk, or the risk that a counterparty will be unable to meet its commitments. Certain of 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 within other current assets. 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.</span></div><div style="text-align:justify;text-indent:27pt"><span><br/></span></div><div style="text-align:justify;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">SPL has entered into fixed price long-term SPAs generally with terms of 20 years with eight third parties and has entered into agreements with Cheniere Marketing. SPL is dependent on the respective customers’ creditworthiness and their willingness to perform under their respective SPAs. </span></div><div style="text-align:justify;text-indent:27pt"><span><br/></span></div><div style="text-align:justify;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">SPLNG has entered into two long-term TUAs with third parties for regasification capacity at the Sabine Pass LNG terminal. SPLNG is dependent on the respective customers’ 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 &amp; Poor’s rating of A. </span></div><div style="text-align:justify;text-indent:27pt"><span><br/></span></div><div style="text-align:justify;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">See </span><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline"><a href="#i5b737e2a3d624fd78593daafa5ba8975_97" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Note 17—Customer Concentration</a></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> for additional details about our customer concentration.</span></div><div style="text-align:justify;text-indent:27pt"><span><br/></span></div><div style="text-align:justify;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our arrangements with our customers incorporate certain provisions to mitigate our exposure to credit losses and include, under certain circumstances, customer collateral, netting of exposures through the use of industry standard commercial agreements and margin deposits with certain counterparties in the over-the-counter derivative market, with such margin deposits primarily facilitated by independent system operators and by clearing brokers. Payments on margin deposits, either by us or by the counterparty depending on the position, are required when the value of a derivative exceeds our pre-established credit limit with the counterparty. Margin deposits are returned to us (or to the counterparty) on or near the settlement date for non-exchange traded derivatives, and we exchange margin calls on a daily basis for exchange traded transactions.</span></div>
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DebtInstrumentSecuredDebtConditionSecuredIndebtednessandAttributableIndebtednessThresholdMonetaryAmount
1500000000 USD
CY2021 cqp Debt Instrument Secured Debt Condition Secured Indebtednessand Attributable Indebtedness Threshold Percentageof Net Tangible Assets
DebtInstrumentSecuredDebtConditionSecuredIndebtednessandAttributableIndebtednessThresholdPercentageofNetTangibleAssets
0.10
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
0 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
1500000000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
2000000000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
2037000000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
1579000000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
10216000000 USD
CY2021Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
17332000000 USD
CY2021 cqp Debt Minimum Historical Debt Service Coverage Ratio And Projected Debt Service Coverage Ratio
DebtMinimumHistoricalDebtServiceCoverageRatioAndProjectedDebtServiceCoverageRatio
1.25 unit
CY2021Q4 us-gaap Amount Of Restricted Net Assets For Consolidated And Unconsolidated Subsidiaries
AmountOfRestrictedNetAssetsForConsolidatedAndUnconsolidatedSubsidiaries
1600000000 USD
CY2021 us-gaap Interest Costs Incurred
InterestCostsIncurred
963000000 USD
CY2020 us-gaap Interest Costs Incurred
InterestCostsIncurred
1005000000 USD
CY2019 us-gaap Interest Costs Incurred
InterestCostsIncurred
972000000 USD
CY2021 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
132000000 USD
CY2020 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
96000000 USD
CY2019 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
87000000 USD
CY2021 us-gaap Interest Expense
InterestExpense
831000000 USD
CY2020 us-gaap Interest Expense
InterestExpense
909000000 USD
CY2019 us-gaap Interest Expense
InterestExpense
885000000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
11000000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
12000000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
12000000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
12000000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
12000000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
106000000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
165000000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
68000000 USD
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
97000000 USD
CY2021Q4 cqp Operating Lease Lease Not Yet Commenced Expense
OperatingLeaseLeaseNotYetCommencedExpense
26000000 USD
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P23Y4M24D
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P24Y6M
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.036
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.041
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
11000000 USD
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
11000000 USD
CY2019 us-gaap Operating Lease Payments
OperatingLeasePayments
10000000 USD
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
7000000 USD
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
11000000 USD
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
5000000 USD
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
9435000000 USD
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6167000000 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6837000000 USD
CY2021 us-gaap Revenue Not From Contract With Customer
RevenueNotFromContractWithCustomer
-1000000 USD
CY2021 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
137000000 USD
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
155000000 USD
CY2020 us-gaap Revenue Not From Contract With Customer
RevenueNotFromContractWithCustomer
0 USD
CY2019 us-gaap Revenue Not From Contract With Customer
RevenueNotFromContractWithCustomer
1000000 USD
CY2021 us-gaap Revenues
Revenues
9434000000 USD
CY2020 us-gaap Revenues
Revenues
6167000000 USD
CY2019 us-gaap Revenues
Revenues
6838000000 USD
CY2021 cqp Lng Volume Purchase Price Percentageof Henry Hub
LNGVolumePurchasePricePercentageofHenryHub
1.15
CY2021 cqp Regasification Capacity
RegasificationCapacity
4 unit
CY2021Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
1000000 USD
CY2020Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
0 USD
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
137000000 USD
CY2021 cqp Contractwith Customer Liability Additions
ContractwithCustomerLiabilityAdditions
155000000 USD
CY2020Q4 cqp Contract With Customer Liability Affiliate
ContractWithCustomerLiabilityAffiliate
1000000 USD
CY2021 cqp Contract With Customer Liability Additions Affiliate
ContractWithCustomerLiabilityAdditionsAffiliate
3000000 USD
CY2021 cqp Contract With Customer Liability Revenue Recognized Affiliate
ContractWithCustomerLiabilityRevenueRecognizedAffiliate
1000000 USD
CY2021Q4 cqp Contract With Customer Liability Affiliate
ContractWithCustomerLiabilityAffiliate
3000000 USD
CY2021Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
53300000000 USD
CY2020Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
54300000000 USD
CY2021 cqp Revenue From Affiliate
RevenueFromAffiliate
1472000000 USD
CY2020 cqp Revenue From Affiliate
RevenueFromAffiliate
662000000 USD
CY2019 cqp Revenue From Affiliate
RevenueFromAffiliate
1312000000 USD
CY2021 us-gaap Affiliate Costs
AffiliateCosts
84000000 USD
CY2020 us-gaap Affiliate Costs
AffiliateCosts
77000000 USD
CY2019 us-gaap Affiliate Costs
AffiliateCosts
7000000 USD
CY2021 us-gaap Related Party Costs
RelatedPartyCosts
17000000 USD
CY2020 us-gaap Related Party Costs
RelatedPartyCosts
0 USD
CY2019 us-gaap Related Party Costs
RelatedPartyCosts
0 USD
CY2021Q4 us-gaap Due From Affiliate Current
DueFromAffiliateCurrent
232000000 USD
CY2020Q4 us-gaap Due From Affiliate Current
DueFromAffiliateCurrent
184000000 USD
CY2021 us-gaap Net Income Loss
NetIncomeLoss
1630000000 USD
CY2021 us-gaap Distribution Made To Limited Partner Cash Distributions Declared
DistributionMadeToLimitedPartnerCashDistributionsDeclared
1486000000 USD
CY2021 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
144000000 USD
CY2020 us-gaap Net Income Loss
NetIncomeLoss
1183000000 USD
CY2020 us-gaap Distribution Made To Limited Partner Cash Distributions Declared
DistributionMadeToLimitedPartnerCashDistributionsDeclared
1375000000 USD
CY2020 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
-192000000 USD
CY2019 us-gaap Net Income Loss
NetIncomeLoss
1175000000 USD
CY2019 us-gaap Distribution Made To Limited Partner Cash Distributions Declared
DistributionMadeToLimitedPartnerCashDistributionsDeclared
1278000000 USD
CY2019 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
-103000000 USD
CY2021Q4 us-gaap Loss Contingency Pending Claims Number
LossContingencyPendingClaimsNumber
0 item
CY2021 us-gaap Interest Paid Net
InterestPaidNet
812000000 USD
CY2020 us-gaap Interest Paid Net
InterestPaidNet
904000000 USD
CY2019 us-gaap Interest Paid Net
InterestPaidNet
829000000 USD
CY2021 us-gaap Construction In Progress Expenditures Incurred But Not Yet Paid
ConstructionInProgressExpendituresIncurredButNotYetPaid
324000000 USD
CY2020 us-gaap Construction In Progress Expenditures Incurred But Not Yet Paid
ConstructionInProgressExpendituresIncurredButNotYetPaid
212000000 USD
CY2019 us-gaap Construction In Progress Expenditures Incurred But Not Yet Paid
ConstructionInProgressExpendituresIncurredButNotYetPaid
291000000 USD
CY2021 dei Auditor Name
AuditorName
KPMG LLP
CY2021 dei Auditor Location
AuditorLocation
Houston, Texas
CY2021 dei Auditor Firm
AuditorFirmId
185

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