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)Annual | Quarterly
| 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 988 | 1,111 | 1,156 | 876 | 1,713 | 1,239 | 1,219 | ||
| Cash and cash equivalents | 988 | 1,111 | 1,156 | 876 | 1,713 | 1,239 | 1,219 | ||
| Restricted cash and investments | 195 | 78 | 136 | 98 | 133 | 65 | 123 | ||
| Receivables | 805 | 723 | 434 | 580 | 358 | 285 | 373 | ||
| Inventory, net of allowances, customer advances and progress billings | 241 | 170 | 149 | 176 | 134 | 116 | 103 | ||
| Inventory | 241 | 170 | 149 | 176 | 134 | 116 | 103 | ||
| Contract with customer, asset | 387 | ||||||||
| Derivative instruments and hedges, assets | 27 | 153 | 24 | 21 | 44 | 23 | 16 | ||
| Other current assets | 74 | 104 | 93 | 87 | 105 | 97 | 59 | ||
| Other undisclosed current assets | 656 | 621 | 442 | 374 | 328 | 220 | 227 | ||
| Total current assets: | 3,373 | 2,960 | 2,434 | 2,212 | 2,815 | 2,045 | 2,120 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 91 | 94 | 96 | 98 | 93 | 95 | 97 | ||
| Property, plant and equipment | 16,827 | 16,861 | 16,915 | 16,830 | 16,820 | 16,789 | 16,734 | ||
| Derivative instruments and hedges | 33 | 36 | 30 | 33 | 25 | 21 | 9 | ||
| Other noncurrent assets | 167 | 169 | 172 | 173 | 163 | 159 | 177 | ||
| Other undisclosed noncurrent assets | 9 | 10 | 11 | 12 | 13 | 14 | 16 | ||
| Total noncurrent assets: | 17,127 | 17,170 | 17,224 | 17,146 | 17,114 | 17,078 | 17,033 | ||
| TOTAL ASSETS: | 20,500 | 20,130 | 19,658 | 19,358 | 19,929 | 19,123 | 19,153 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 1,889 | 1,810 | 1,183 | 1,094 | 860 | 665 | 715 | ||
| Accounts payable | 31 | 31 | 24 | 21 | 14 | 16 | 11 | ||
| Accrued liabilities | 1,657 | 1,576 | 1,159 | 1,073 | 846 | 649 | 704 | ||
| Interest and dividends payable | 201 | 203 | |||||||
| Deferred revenue | 162 | 124 | 116 | 155 | 166 | 105 | 101 | ||
| Debt | 1,498 | 1,497 | 944 | 654 | 850 | ||||
| Derivative instruments and hedges, liabilities | 1,157 | 478 | 256 | 16 | 23 | 21 | 26 | ||
| Due to related parties | 56 | 58 | 32 | 67 | 45 | 38 | 31 | ||
| Other liabilities | 4 | ||||||||
| Other undisclosed current liabilities | (183) | (188) | 13 | 13 | 17 | 23 | 16 | ||
| Total current liabilities: | 4,583 | 3,779 | 1,600 | 1,345 | 2,055 | 1,506 | 1,739 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 15,799 | 15,778 | 17,271 | 17,266 | 17,256 | 17,022 | 16,821 | ||
| Long-term debt, excluding current maturities | 15,699 | 15,693 | 17,184 | 17,177 | 17,171 | 16,935 | 16,732 | ||
| Finance lease, liability | 18 | ||||||||
| Operating lease, liability | 82 | 85 | 87 | 89 | 85 | 87 | 89 | ||
| Liabilities, other than long-term debt | 3,981 | 3,178 | 2,999 | 11 | 14 | 8 | 42 | ||
| Deferred revenue | 1 | ||||||||
| Derivative instruments and hedges, liabilities | 3,981 | 3,178 | 2,999 | 11 | 13 | 8 | 42 | ||
| Total noncurrent liabilities: | 19,780 | 18,956 | 20,270 | 17,277 | 17,270 | 17,030 | 16,863 | ||
| Total liabilities: | 24,363 | 22,735 | 21,870 | 18,622 | 19,325 | 18,536 | 18,602 | ||
| Stockholders' equity | |||||||||
| Other undisclosed liabilities and equity | (3,863) | (2,605) | (2,212) | 736 | 604 | 587 | 551 | ||
| TOTAL LIABILITIES AND EQUITY: | 20,500 | 20,130 | 19,658 | 19,358 | 19,929 | 19,123 | 19,153 | ||
Income Statement (P&L) ($ in millions) Annual | Quarterly
| 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 4,976 | 4,181 | 3,328 | 3,258 | 2,324 | 1,889 | 1,963 | |
| Revenue from related parties | 453 | 211 | 214 | |||||
| Cost of revenue | (5,083) | (3,438) | (2,793) | (2,367) | (1,558) | (1,114) | (1,194) | |
| Cost of goods and services sold | (4,739) | (3,144) | (2,562) | (2,112) | (1,342) | (888) | (948) | |
| Gross profit: | (107) | 743 | 535 | 891 | 766 | 775 | 769 | |
| Operating expenses | (192) | (188) | (173) | (172) | (150) | (171) | (151) | |
| Operating income (loss): | (299) | 555 | 362 | 719 | 616 | 604 | 618 | |
| Nonoperating expense | (215) | (213) | (203) | (212) | (235) | (209) | (271) | |
| Investment income, nonoperating | (525) | (2) | ||||||
| Interest and debt expense | (222) | (216) | (203) | (195) | (210) | (209) | (217) | |
| Net income (loss): | (736) | 126 | (44) | 312 | 171 | 186 | 130 | |
| Other undisclosed net income attributable to parent | 222 | 216 | 203 | 195 | 210 | 209 | 217 | |
| Net income (loss) attributable to parent: | (514) | 342 | 159 | 507 | 381 | 395 | 347 | |
| Undistributed earnings (loss) allocated to participating securities, basic | 1,267 | 401 | 574 | (112) | (6) | (34) | 9 | |
| Net income available to common stockholders, diluted: | 753 | 743 | 733 | 395 | 375 | 361 | 356 | |
Comprehensive Income ($ in millions)Annual | Quarterly
| 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (736) | 126 | (44) | 312 | 171 | 186 | 130 | |
| Comprehensive income (loss), net of tax, attributable to parent: | (736) | 126 | (44) | 312 | 171 | 186 | 130 | |
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.