2012 Q4 Form 10-K Financial Statement

#000000357014000031 Filed on February 21, 2014

View on sec.gov

Income Statement

Concept 2012 Q4 2012 Q3 2012 Q2
Revenue $67.42M $66.00M $62.33M
YoY Change -7.12% 0.28% -14.4%
Cost Of Revenue $20.50M $14.10M $11.00M
YoY Change 102.97% 28.18% 39.24%
Gross Profit $47.00M $51.90M $51.30M
YoY Change -24.8% -5.29% -21.08%
Gross Profit Margin 69.71% 78.64% 82.31%
Selling, General & Admin $31.80M $79.40M $20.80M
YoY Change 1.6% 390.12% 7.22%
% of Gross Profit 67.66% 152.99% 40.55%
Research & Development $11.72M $21.09M
YoY Change 5.19% 57.89%
% of Gross Profit 22.58% 41.11%
Depreciation & Amortization $19.40M $15.23M $15.48M
YoY Change 13.45% -0.25% -0.94%
% of Gross Profit 41.28% 29.35% 30.17%
Operating Expenses $62.80M $120.5M $68.45M
YoY Change 14.81% 117.31% 21.47%
Operating Profit -$15.92M -$54.52M -$6.121M
YoY Change -304.98% -626.48% -137.18%
Interest Expense -$40.70M $45.50M $55.86M
YoY Change -38.89% -30.13% -13.51%
% of Operating Profit
Other Income/Expense, Net $100.0K -$57.30M -$69.74M
YoY Change 0.0% -12.95% 7.43%
Pretax Income -$99.10M -$111.8M -$75.86M
YoY Change 68.54% 101.58% 56.55%
Income Tax -$200.0K $61.00K $144.0K
% Of Pretax Income
Net Earnings -$94.32M -$109.0M -$73.04M
YoY Change 63.16% 102.09% 54.84%
Net Earnings / Revenue -139.91% -165.16% -117.19%
Basic Earnings Per Share
Diluted Earnings Per Share -$436.0K $208.7M $171.0M
COMMON SHARES
Basic Shares Outstanding 223.3M shares 208.7M shares 171.0M shares
Diluted Shares Outstanding 208.7M shares 171.0M shares

Balance Sheet

Concept 2012 Q4 2012 Q3 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $202.0M $215.0M $138.0M
YoY Change -55.99% 64.12% -15.34%
Cash & Equivalents $201.7M $215.0M $137.9M
Short-Term Investments
Other Short-Term Assets $536.0M $517.0M $510.0M
YoY Change 335.77% 204.12% 460.44%
Inventory $7.045M $6.597M $2.319M
Prepaid Expenses
Receivables $3.486M $29.20M $4.724M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $748.6M $767.4M $655.3M
YoY Change 26.56% 145.7% 151.04%
LONG-TERM ASSETS
Property, Plant & Equipment $3.282B $2.995B $2.126B
YoY Change 55.77% 41.29% -0.36%
Goodwill $76.82M $76.82M $76.82M
YoY Change 0.0% 0.0% 0.0%
Intangibles $4.356M $4.356M $4.356M
YoY Change -8.91% -10.3% -28.2%
Long-Term Investments
YoY Change
Other Assets $33.17M $35.15M $67.76M
YoY Change 75.54% 81.65% 207.09%
Total Long-Term Assets $3.891B $3.616B $2.373B
YoY Change 67.42% 54.6% 0.6%
TOTAL ASSETS
Total Short-Term Assets $748.6M $767.4M $655.3M
Total Long-Term Assets $3.891B $3.616B $2.373B
Total Assets $4.639B $4.384B $3.028B
YoY Change 59.13% 65.33% 15.59%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $74.36M $2.282M $11.36M
YoY Change 6641.61% 34.31% 703.75%
Accrued Expenses $58.74M $138.8M $57.75M
YoY Change -6.88% 79.28% 51.74%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $203.0M
YoY Change -100.0% -31.88%
Total Short-Term Liabilities $159.8M $168.1M $298.1M
YoY Change -72.69% -71.74% -18.14%
LONG-TERM LIABILITIES
Long-Term Debt $2.167B $2.296B $2.195B
YoY Change -12.09% -6.82% -17.04%
Other Long-Term Liabilities $2.680M $2.882M $3.015M
YoY Change -14.81% -12.35% -10.37%
Total Long-Term Liabilities $2.170B $2.299B $2.198B
YoY Change -12.09% -6.83% -17.03%
TOTAL LIABILITIES
Total Short-Term Liabilities $159.8M $168.1M $298.1M
Total Long-Term Liabilities $2.170B $2.299B $2.198B
Total Liabilities $2.330B $2.467B $2.496B
YoY Change -23.7% -19.44% -17.17%
SHAREHOLDERS EQUITY
Retained Earnings -$1.593B -$1.499B -$1.390B
YoY Change 26.41% 24.64% 21.0%
Common Stock $671.0K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $39.12M $39.12M $23.34M
YoY Change 93.69% 544.72% 284.83%
Treasury Stock Shares 4.700M shares 4.700M shares 3.600M shares
Shareholders Equity $510.0M $596.9M $318.3M
YoY Change
Total Liabilities & Shareholders Equity $4.639B $4.384B $3.028B
YoY Change 59.13% 65.33% 15.59%

Cashflow Statement

Concept 2012 Q4 2012 Q3 2012 Q2
OPERATING ACTIVITIES
Net Income -$94.32M -$109.0M -$73.04M
YoY Change 63.16% 102.09% 54.84%
Depreciation, Depletion And Amortization $19.40M $15.23M $15.48M
YoY Change 13.45% -0.25% -0.94%
Cash From Operating Activities -$2.800M -$10.10M -$26.20M
YoY Change -3.45% -2.88% -232.99%
INVESTING ACTIVITIES
Capital Expenditures -$246.8M -$829.9M -$41.00M
YoY Change 10183.33% 82890.0% 1142.42%
Acquisitions
YoY Change
Other Investing Activities $237.3M $758.3M $39.60M
YoY Change 118550.0% -4312.78% 1484.0%
Cash From Investing Activities -$9.500M -$71.60M -$1.400M
YoY Change 352.38% 274.87% 75.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.000M 158.8M -274.3M
YoY Change -100.3% -8922.22% -330.31%
NET CHANGE
Cash From Operating Activities -2.800M -10.10M -26.20M
Cash From Investing Activities -9.500M -71.60M -1.400M
Cash From Financing Activities -1.000M 158.8M -274.3M
Net Change In Cash -13.30M 77.10M -301.9M
YoY Change -104.06% -346.33% -318.77%
FREE CASH FLOW
Cash From Operating Activities -$2.800M -$10.10M -$26.20M
Capital Expenditures -$246.8M -$829.9M -$41.00M
Free Cash Flow $244.0M $819.8M $14.80M
YoY Change -48900.0% -8821.28% -35.65%

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<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;">Derivatives</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 use derivative instruments from time to time to hedge the exposure to variability in expected future cash flows attributable to the future sale of our LNG inventory, to hedge the exposure to price risk attributable to future purchases of natural gas to be utilized as fuel to operate the Sabine Pass LNG terminal, and to hedge the exposure to volatility in a portion of the floating-rate interest payments under the 2013 Liquefaction Credit Facilities. We have disclosed certain information regarding these derivative positions, including the fair value of our derivative positions, in </font><a style="font-family:inherit;font-size:10pt;" href="#s211A214D0EDA66A70119BA072366E30C"><font style="font-family:inherit;font-size:10pt;">Note 11&#8212;"Financial Instruments"</font></a><font style="font-family:inherit;font-size:10pt;"> of our Notes to Consolidated Financial Statements. </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;">Accounting guidance for derivative instruments and hedging activities establishes accounting and reporting standards requiring that derivative instruments be recorded at fair value and included in the consolidated balance sheet as assets or liabilities. The accounting for changes in the fair value of a derivative instrument depends on the intended use of the derivative and the resulting designation, which is established at the inception of a derivative. We record changes in the fair value of our derivative positions based on the value for which the derivative instrument could be exchanged between willing parties.&#160;&#160;To date, all of our derivative positions fair value determinations have been made by management using quoted prices in active markets for similar assets or liabilities.&#160;&#160;The ultimate fair value of our derivative instruments is uncertain, and we believe that it is possible that a change in the estimated fair value will occur in the near future as commodity prices and interest rates change.</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;">Changes in fair value of contracts that do not qualify as hedges or are not designated as hedges are recognized currently in earnings. Gains and losses in positions to hedge the cash flows attributable to the future sale of LNG inventory are classified as marketing and trading revenues on our Consolidated Statements of Operations. Gains or losses in the positions to mitigate the price risk from future purchases of natural gas to be utilized as fuel to operate the Sabine Pass LNG terminal are classified as derivative gain (loss) on our Consolidated Statements of Operations. </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;">From time to time we have elected cash flow hedge accounting for derivatives that we use to hedge the exposure to volatility in floating-rate interest payments. Changes in fair value of derivative instruments designated as cash flow hedges, to the extent the hedge is effective, are recognized in accumulated other comprehensive loss on our Consolidated Balance Sheets. We reclassify gains and losses on the hedges from accumulated other comprehensive loss into interest expense in our Consolidated Statements of Operations as the hedged item is recognized. Any change in the fair value resulting from ineffectiveness is recognized immediately as derivative gain (loss) on our Consolidated Statements of Operations. We use regression analysis to determine whether we expect a derivative to be highly effective as a cash flow hedge prior to electing hedge accounting and also to determine whether all derivatives designated as cash flow hedges have been effective. We perform these effectiveness tests prior to designation for all new hedges and on a quarterly basis for all existing hedges. We calculate the actual amount of ineffectiveness on our cash flow hedges using the "dollar offset" method, which compares changes in the expected cash flows of the hedged transaction to changes in the value of expected cash flows from the hedge. We discontinue hedge accounting when our effectiveness tests indicate that a derivative is no longer highly effective as a hedge; when the derivative expires or is sold, terminated or exercised; when the hedged item matures, is sold or repaid; or when we determine that the occurrence of the hedged forecasted transaction is not probable. When we discontinue hedge accounting but continue to hold the derivative, we begin to apply mark-to-market accounting at that time. Once we conclude that the hedged forecasted transaction becomes probable of not occurring, the amount remaining in accumulated other comprehensive loss pertaining to the previously designated derivatives is reclassified out of accumulated other comprehensive loss and into income. </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>
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<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;">ORGANIZATION AND NATURE OF OPERATIONS</font></div><div style="line-height:120%;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;">Cheniere Energy, Inc. (NYSE MKT: LNG), a Delaware corporation, is a Houston-based energy company primarily engaged in LNG-related businesses. We own and operate the Sabine Pass LNG terminal in Louisiana through our ownership interest in and management agreements with Cheniere Energy Partners, L.P. ("Cheniere Partners") (NYSE MKT: CQP), which is a publicly traded partnership that we created in 2007. We own </font><font style="font-family:inherit;font-size:10pt;">100%</font><font style="font-family:inherit;font-size:10pt;"> of the general partner interest in Cheniere Partners and </font><font style="font-family:inherit;font-size:10pt;">84.5%</font><font style="font-family:inherit;font-size:10pt;"> of Cheniere Energy Partners LP Holdings, LLC ("Cheniere Holdings") (NYSE MKT: CQH), which owns a </font><font style="font-family:inherit;font-size:10pt;">55.9%</font><font style="font-family:inherit;font-size:10pt;"> limited partner interest in Cheniere Partners.</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;">In 2013, we formed Cheniere Holdings, a publicly traded limited liability company, to hold our limited partner interests in Cheniere Partners. In December 2013, Cheniere Holdings completed an initial public offering of </font><font style="font-family:inherit;font-size:10pt;">36.0 million</font><font style="font-family:inherit;font-size:10pt;"> common shares at </font><font style="font-family:inherit;font-size:10pt;">$20.00</font><font style="font-family:inherit;font-size:10pt;"> per common share (the "Cheniere Holdings Offering"). </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 Sabine Pass LNG terminal is located on the Sabine Pass deep water shipping channel less than four miles from the Gulf Coast. The Sabine Pass LNG terminal has operational regasification facilities owned by Cheniere Partners' wholly owned subsidiary, Sabine Pass LNG, L.P. ("Sabine Pass LNG"), that includes existing infrastructure of five LNG storage tanks with capacity of approximately </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">16.9</font><font style="font-family:inherit;font-size:10pt;"> Bcfe, two docks that can accommodate vessels with capacity of up to </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">265,000</font><font style="font-family:inherit;font-size:10pt;"> cubic meters and vaporizers with regasification capacity of approximately </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">4.0</font><font style="font-family:inherit;font-size:10pt;"> Bcf/d. Cheniere Partners is developing and constructing natural gas liquefaction facilities (the "Sabine Pass Liquefaction Project") at the Sabine Pass LNG terminal adjacent to the existing regasification facilities through a wholly owned subsidiary, Sabine Pass Liquefaction, LLC ("Sabine Pass Liquefaction"). Cheniere Partners plans to construct up to six Trains which are in various stages of development. Each Train is expected to have nominal production capacity of approximately 4.5 mtpa. Cheniere Partners also owns the 94-mile Creole Trail Pipeline through a wholly owned subsidiary, Cheniere Creole Trail Pipeline, L.P. ("CTPL"), which interconnects the Sabine Pass LNG terminal with a number of large interstate pipelines. One of our subsidiaries, Cheniere Marketing, LLC ("Cheniere Marketing"), is marketing LNG and natural gas on its own behalf and on behalf of Cheniere Partners, in an effort to utilize half of the LNG regasification capacity at the Sabine Pass LNG terminal during construction of the Sabine Pass Liquefaction Project. Cheniere Marketing has also entered into an SPA with Sabine Pass Liquefaction to purchase, at Cheniere Marketing's option, up to </font><font style="font-family:inherit;font-size:10pt;">104,000,000</font><font style="font-family:inherit;font-size:10pt;"> MMBtu/yr of LNG. </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;">In May 2013, we sold our ownership interests in CTPL and Cheniere Pipeline GP Interests, LLC (collectively, the "Creole Trail Pipeline Business") to Cheniere Partners for&#160;</font><font style="font-family:inherit;font-size:10pt;">$480.0 million</font><font style="font-family:inherit;font-size:10pt;">&#160;and were reimbursed&#160;</font><font style="font-family:inherit;font-size:10pt;">$13.9 million</font><font style="font-family:inherit;font-size:10pt;">&#160;for certain expenditures incurred prior to the closing date.&#160; Concurrent with the Creole Trail Pipeline Business sale closing, we acquired&#160;</font><font style="font-family:inherit;font-size:10pt;">12.0 million</font><font style="font-family:inherit;font-size:10pt;">&#160;Class B units from Cheniere Partners for aggregate consideration of&#160;</font><font style="font-family:inherit;font-size:10pt;">$180.0 million</font><font style="font-family:inherit;font-size:10pt;">&#160;pursuant to a unit purchase agreement between Cheniere Partners and Cheniere Class B Units Holdings, LLC, our wholly owned subsidiary. &#160;As a result of the two transactions, we received net cash of&#160;</font><font style="font-family:inherit;font-size:10pt;">$313.9 million</font><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;"><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 developing a second natural gas liquefaction and export facility near Corpus Christi, Texas (the "Corpus Christi Liquefaction Project"). As currently contemplated, the proposed Corpus Christi Liquefaction LNG terminal would be designed for up to three Trains, with expected aggregate nominal production capacity of approximately </font><font style="font-family:inherit;font-size:10pt;">13.5</font><font style="font-family:inherit;font-size:10pt;"> mtpa of LNG, have three LNG storage tanks with capacity of </font><font style="font-family:inherit;font-size:10pt;">10.1</font><font style="font-family:inherit;font-size:10pt;"> Bcfe and two docks that can accommodate vessels with capacity of up to </font><font style="font-family:inherit;font-size:10pt;">267,000</font><font style="font-family:inherit;font-size:10pt;"> cubic meters.</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;">We are also in various stages of developing other projects, which, among other things, will require acceptable commercial and financing arrangements before we make a final investment decision.</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;">Unless the context requires otherwise, references to the "Company", "Cheniere", "we", "us" and "our" refer to Cheniere Energy, Inc. and its subsidiaries, including our publicly traded subsidiary partnership, Cheniere Partners.</font></div></div>
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<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;">&#160;</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. Actual results could differ from the estimates and assumptions used.</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;">Estimates used in the assessment of impairment of our long-lived assets, including goodwill, are the most significant of our estimates.&#160;&#160;There are numerous uncertainties inherent in estimating future cash flows of assets or business segments.&#160;&#160;The accuracy of any cash flow estimate is a function of judgment used in determining the amount of cash flows generated.&#160;&#160;As a result, cash flows may be different from the cash flows that we use to assess impairment of our assets.&#160;&#160;Management reviews its estimates of cash flows on an ongoing basis using historical experience and other factors, including the current economic and commodity price environment.&#160;&#160;Significant negative industry or economic trends, including a significant decline in the market price of our common stock, reduced estimates of future cash flows for our business segments or disruptions to our business could lead to an impairment charge of our long-lived assets, including goodwill and other intangible assets. Our valuation methodology for assessing impairment requires management to make judgments and assumptions based on historical experience and to rely heavily on projections of future operating performance. Projections of future operating results and cash flows may vary significantly from results. In addition, if our analysis results in an impairment of our long-lived assets, including goodwill, we may be required to record a charge to earnings in our consolidated financial statements during a period in which such impairment is determined to exist, which may negatively impact our results of operations.</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;">Other items subject to estimates and assumptions include asset retirement obligations, valuation allowances for net deferred tax assets, valuations of derivative instruments, valuations of noncash compensation and collectability of accounts receivable and other assets.</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 future events and their effects cannot be determined accurately, actual results could differ significantly from our estimates.</font></div></div>
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ProceedsFromSaleOfClassBUnits
0 USD
CY2013 lng Proceeds From Sale Of Class B Units
ProceedsFromSaleOfClassBUnits
-3000 USD
CY2012 lng Proceeds From Sale Of Class B Units
ProceedsFromSaleOfClassBUnits
1387342000 USD
CY2014Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
238106267 shares
CY2013 lng Proceedsfrom Issuanceof Cheniere Holdings Common Shares
ProceedsfromIssuanceofCheniereHoldingsCommonShares
664931000 USD
CY2012 lng Proceedsfromrepaymentsof2012 Liquefaction Credit Facility
Proceedsfromrepaymentsof2012LiquefactionCreditFacility
-1326514000 USD
CY2011 lng Proceedsfromrepaymentsof2012 Liquefaction Credit Facility
Proceedsfromrepaymentsof2012LiquefactionCreditFacility
0 USD
CY2013 lng Proceedsfromrepaymentsof2012 Liquefaction Credit Facility
Proceedsfromrepaymentsof2012LiquefactionCreditFacility
-100000000 USD
CY2013 lng Property Lease Term
PropertyLeaseTerm
P90Y
CY2013 lng Purchase Of Crest Royalty
PurchaseOfCrestRoyalty
0 USD
CY2012 lng Purchase Of Crest Royalty
PurchaseOfCrestRoyalty
11732000 USD
CY2011 lng Purchase Of Crest Royalty
PurchaseOfCrestRoyalty
0 USD
CY2013 lng Retained Percentage Of Lng Delivered
RetainedPercentageOfLngDelivered
0.02
CY2012 lng Segment Reporting Information Share Based Compensation
SegmentReportingInformationShareBasedCompensation
61047000 USD
CY2011 lng Segment Reporting Information Share Based Compensation
SegmentReportingInformationShareBasedCompensation
26364000 USD
CY2013 lng Segment Reporting Information Share Based Compensation
SegmentReportingInformationShareBasedCompensation
283881000 USD
CY2013 lng Sharebased Compensation Arrangementby Sharebased Payment Award Fair Value Assumptions Costof Equity Maximum
SharebasedCompensationArrangementbySharebasedPaymentAwardFairValueAssumptionsCostofEquityMaximum
0.1660
CY2013 lng Sharebased Compensation Arrangementby Sharebased Payment Award Fair Value Assumptions Costof Equity Minimum
SharebasedCompensationArrangementbySharebasedPaymentAwardFairValueAssumptionsCostofEquityMinimum
0.1650
CY2008Q1 lng Term Of Available Extension
TermOfAvailableExtension
P5Y
CY2013Q4 lng Total Long Term Debt Including Related Parties
TotalLongTermDebtIncludingRelatedParties
6585500000 USD
CY2008Q1 lng Tug Boat Agreement Term Of Agreement
TugBoatAgreementTermOfAgreement
P10Y
CY2013 lng Unit Purchase Agreement Units To Be Purchased
UnitPurchaseAgreementUnitsToBePurchased
180000000 USD
CY2013 dei Amendment Flag
AmendmentFlag
false
CY2013 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2013 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2013 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
CY2013 dei Document Period End Date
DocumentPeriodEndDate
2013-12-31
CY2013 dei Document Type
DocumentType
10-K
CY2013 dei Entity Central Index Key
EntityCentralIndexKey
0000003570
CY2013 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2013 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2013Q2 dei Entity Public Float
EntityPublicFloat
6200000000 USD
CY2013 dei Entity Registrant Name
EntityRegistrantName
CHENIERE ENERGY INC
CY2013 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2013 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No

Files In Submission

Name View Source Status
0000003570-14-000031-index-headers.html Edgar Link pending
0000003570-14-000031-index.html Edgar Link pending
0000003570-14-000031.txt Edgar Link pending
0000003570-14-000031-xbrl.zip Edgar Link pending
cei2013form10k.htm Edgar Link pending
cei2013form10kexhibit211.htm Edgar Link pending
cei2013form10kexhibit231.htm Edgar Link pending
cei2013form10kexhibit311.htm Edgar Link pending
cei2013form10kexhibit312.htm Edgar Link pending
cei2013form10kexhibit321.htm Edgar Link pending
cei2013form10kexhibit322.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
lng-20131231.xml Edgar Link completed
lng-20131231.xsd Edgar Link pending
lng-20131231_cal.xml Edgar Link unprocessable
lng-20131231_def.xml Edgar Link unprocessable
lng-20131231_lab.xml Edgar Link unprocessable
lng-20131231_pre.xml Edgar Link unprocessable
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