Cheniere Energy Partners, L.P. (CQP) Financial Statements (2023 and Earlier)
Company Profile
| Business Address |
700 MILAM ST. HOUSTON, TX 77002 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 4924 - Natural Gas Distribution (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 876 | 1,210 | 1,781 | 146 | |||||
| Cash and cash equivalents | 876 | 1,210 | 1,781 | 146 | |||||
| Restricted cash and investments | 98 | 97 | 181 | 1,541 | 1,589 | 605 | 275 | ||
| Receivables | 580 | 318 | 297 | 348 | 191 | 90 | 2 | ||
| Inventory, net of allowances, customer advances and progress billings | 176 | 107 | 116 | 99 | 95 | 97 | 17 | ||
| Inventory | 176 | 107 | 116 | 99 | 95 | 97 | 17 | ||
| Derivative instruments and hedges, assets | 21 | 14 | 17 | ||||||
| Other current assets | 87 | 61 | 51 | 26 | 65 | 29 | |||
| Other undisclosed current assets | 374 | 328 | 264 | 342 | 199 | 137 | 54 | ||
| Total current assets: | 2,212 | 2,135 | 2,707 | 2,356 | 2,139 | 958 | 493 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 98 | 99 | 94 | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 16,830 | 16,723 | 16,368 | 15,390 | 15,139 | 14,158 | 11,932 | ||
| Derivative instruments and hedges | 33 | 11 | 32 | 31 | 31 | 83 | 30 | ||
| Restricted cash and investments | 14 | ||||||||
| Deferred costs | 295 | ||||||||
| Other noncurrent assets | 173 | 160 | 168 | 184 | 206 | 222 | 200 | ||
| Other undisclosed noncurrent assets | 12 | 17 | 15 | 13 | 38 | 121 | 32 | ||
| Total noncurrent assets: | 17,146 | 17,010 | 16,677 | 15,618 | 15,414 | 14,584 | 12,503 | ||
| TOTAL ASSETS: | 19,358 | 19,145 | 19,384 | 17,974 | 17,553 | 15,542 | 12,996 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 1,094 | 670 | 749 | 836 | 649 | 445 | 241 | ||
| Accounts payable | 21 | 12 | 40 | 15 | 12 | 27 | 16 | ||
| Accrued liabilities | 1,073 | 658 | 709 | 821 | 637 | 418 | 224 | ||
| Deferred revenue | 155 | 137 | 155 | ✕ | ✕ | ✕ | ✕ | ||
| Debt | 6 | 224 | 1,676 | ||||||
| Derivative instruments and hedges, liabilities | 16 | 11 | 9 | 66 | 14 | 6 | |||
| Due to related parties | 67 | 53 | 46 | 49 | 68 | 100 | 115 | ||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 111 | 73 | 27 | ||
| Other liabilities | 0 | ||||||||
| Other undisclosed current liabilities | 13 | 12 | 1 | 117 | 1 | 1 | 1 | ||
| Total current liabilities: | 1,345 | 883 | 966 | 1,068 | 829 | 856 | 2,066 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 17,266 | 17,670 | 17,666 | 16,066 | 16,046 | 14,209 | 10,179 | ||
| Long-term debt, excluding current maturities | 17,177 | 17,580 | 17,579 | 16,066 | 16,046 | 14,209 | 10,179 | ||
| Operating lease, liability | 89 | 90 | 87 | ✕ | ✕ | ✕ | ✕ | ||
| Liabilities, other than long-term debt | 11 | 36 | 17 | 18 | 14 | 8 | 13 | ||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 1 | 6 | 10 | ||
| Other liabilities | 1 | 1 | 4 | 10 | 0 | 3 | |||
| Derivative instruments and hedges, liabilities | 11 | 35 | 16 | 14 | 3 | 2 | |||
| Total noncurrent liabilities: | 17,277 | 17,706 | 17,683 | 16,084 | 16,060 | 14,217 | 10,191 | ||
| Total liabilities: | 18,622 | 18,589 | 18,649 | 17,152 | 16,889 | 15,073 | 12,257 | ||
| Stockholders' equity | |||||||||
| Other undisclosed liabilities and equity | 736 | 556 | 735 | 822 | 664 | 470 | 739 | ||
| TOTAL LIABILITIES AND EQUITY: | 19,358 | 19,145 | 19,384 | 17,974 | 17,553 | 15,542 | 12,996 | ||
Income Statement (P&L) ($ in millions)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 9,434 | 6,167 | 6,838 | 6,426 | 4,304 | 1,100 | 270 | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 4,304 | 1,096 | 4 | |
| Revenue from related parties | 662 | 1,312 | ✕ | ✕ | ✕ | |||
| Cost of revenue | (6,233) | (3,399) | (3,374) | (3,403) | (2,320) | (1) | (18) | |
| Cost of goods and services sold | (5,290) | (2,505) | (3,374) | (3,403) | (2,320) | (1) | (18) | |
| Gross profit: | 3,201 | 2,768 | 3,464 | 3,023 | 1,984 | 1,099 | 252 | |
| Operating expenses | (644) | (643) | (4,798) | (4,447) | (3,148) | (850) | (267) | |
| Other undisclosed operating income | 3,374 | 3,403 | 2,320 | 1 | 18 | |||
| Operating income: | 2,557 | 2,125 | 2,040 | 1,979 | 1,156 | 250 | 3 | |
| Nonoperating expense | (927) | (942) | (865) | (705) | (666) | (422) | (322) | |
| Interest and debt expense | (831) | (909) | (885) | (733) | (67) | (72) | (96) | |
| Net income (loss): | 799 | 274 | 290 | 541 | 423 | (243) | (415) | |
| Other undisclosed net income attributable to parent | 831 | 909 | 885 | 733 | 67 | 72 | 96 | |
| Net income (loss) attributable to parent: | 1,630 | 1,183 | 1,175 | 1,274 | 490 | (171) | (319) | |
| Undistributed earnings (loss) allocated to participating securities, basic | (144) | 192 | 103 | (112) | 24 | ✕ | ✕ | |
| Net income (loss) available to common stockholders, diluted: | 1,486 | 1,375 | 1,278 | 1,162 | 514 | (171) | (319) | |
Comprehensive Income ($ in millions)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 799 | 274 | 290 | 541 | 423 | (243) | (415) | |
| Comprehensive income (loss): | 799 | 274 | 290 | 541 | 423 | (243) | (415) | |
| Other undisclosed comprehensive income, net of tax, attributable to parent | 96 | |||||||
| Comprehensive income (loss), net of tax, attributable to parent: | 799 | 274 | 290 | 541 | 423 | (243) | (319) | |
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.