Supplemental Guarantor Information (Tables)

v3.8.0.1

Supplemental Guarantor Information (Tables)	3 Months Ended
	Mar. 31, 2018
Supplemental Guarantor Financial Information [Abstract]
Condensed Consolidating Balance Sheets	Condensed Consolidating Balance Sheet March 31, 2018 (in millions)                       Parent Issuer   Guarantors   Non-Guarantor   Eliminations   Consolidated ASSETS                   Current assets                   Cash and cash equivalents $ —   $ —   $ —   $ —   $ — Restricted cash 903   13   561   —   1,477 Accounts and other receivables 1   1   238   —   240 Accounts receivable—affiliate —   26   114   (26 )   114 Advances to affiliate —   76   91   (70 )   97 Inventory —   11   72   —   83 Other current assets 13   3   38   —   54 Other current assets—affiliate —   —   22   (22 )   — Total current assets 917   130   1,136   (118 )   2,065                     Property, plant and equipment, net 79   2,157   12,933   (24 )   15,145 Debt issuance costs, net 18   —   16   —   34 Non-current derivative assets 15   —   9   —   24 Investments in subsidiaries 2,308   180   —   (2,488 )   — Other non-current assets, net —   38   159   —   197 Total assets $ 3,337   $ 2,505   $ 14,253   $ (2,630 )   $ 17,465                     LIABILITIES AND PARTNERS’ EQUITY                   Current liabilities                   Accounts payable $ —   $ 4   $ 7   $ —   $ 11 Accrued liabilities 43   15   451   —   509 Due to affiliates —   94   32   (96 )   30 Deferred revenue —   26   69   —   95 Deferred revenue—affiliate —   22   —   (22 )   — Derivative liabilities —   —   4   —   4 Total current liabilities 43   161   563   (118 )   649                     Long-term debt, net 2,569   —   13,483   —   16,052 Non-current derivative liabilities —   —   3   —   3 Other non-current liabilities —   11   —   —   11 Other non-current liabilities—affiliate —   25   —   —   25                     Partners’ equity 725   2,308   204   (2,512 )   725 Total liabilities and partners’ equity $ 3,337   $ 2,505   $ 14,253   $ (2,630 )   $ 17,465 Condensed Consolidating Balance Sheet December 31, 2017 (in millions)                       Parent Issuer   Guarantors   Non-Guarantor   Eliminations   Consolidated ASSETS                   Current assets                   Cash and cash equivalents $ —   $ —   $ —   $ —   $ — Restricted cash 1,033   12   544   —   1,589 Accounts and other receivables —   2   189   —   191 Accounts receivable—affiliate —   36   163   (36 )   163 Advances to affiliate —   20   26   (10 )   36 Inventory —   10   85   —   95 Other current assets 8   3   54   —   65 Other current assets—affiliate —   —   21   (21 )   — Total current assets 1,041   83   1,082   (67 )   2,139                     Property, plant and equipment, net 80   2,164   12,920   (25 )   15,139 Debt issuance costs, net 20   —   18   —   38 Non-current derivative assets 14   —   17   —   31 Investments in subsidiaries 2,076   (63 )   —   (2,013 )   — Other non-current assets, net —   37   169   —   206 Total assets $ 3,231   $ 2,221   $ 14,206   $ (2,105 )   $ 17,553                     LIABILITIES AND PARTNERS’ EQUITY                   Current liabilities                   Accounts payable $ —   $ 4   $ 8   $ —   $ 12 Accrued liabilities 23   8   606   —   637 Due to affiliates —   47   66   (45 )   68 Deferred revenue —   27   84   —   111 Deferred revenue—affiliate —   22   —   (21 )   1 Other current liabilities—affiliate —   1   —   (1 )   — Total current liabilities 23   109   764   (67 )   829                     Long-term debt, net 2,569   —   13,477   —   16,046 Non-current deferred revenue —   1   —   —   1 Non-current derivative liabilities —   —   3   —   3 Other non-current liabilities —   10   —   —   10 Other non-current liabilities—affiliate —   25   —   —   25                     Partners’ equity (deficit) 639   2,076   (38 )   (2,038 )   639 Total liabilities and partners’ equity (deficit) $ 3,231   $ 2,221   $ 14,206   $ (2,105 )   $ 17,553
Condensed Consolidating Statements of Operations	Condensed Consolidating Statement of Operations Three Months Ended March 31, 2018 (in millions)                       Parent Issuer   Guarantors   Non-Guarantor   Eliminations   Consolidated                     Revenues                   LNG revenues $ —   $ —   $ 1,015   $ —   $ 1,015 LNG revenues—affiliate —   —   503   —   503 Regasification revenues —   65   —   —   65 Regasification revenues—affiliate —   64   —   (64 )   — Other revenues —   10   —   —   10 Other revenues—affiliate —   55   —   (55 )   — Total revenues —   194   1,518   (119 )   1,593                     Operating costs and expenses                   Cost of sales (excluding depreciation and amortization expense shown separately below) —   —   838   (1 )   837 Cost of sales—affiliate —   —   8   (8 )   — Operating and maintenance expense —   17   78   —   95 Operating and maintenance expense—affiliate —   32   103   (109 )   26 General and administrative expense 1   1   2   —   4 General and administrative expense—affiliate 3   4   12   (1 )   18 Depreciation and amortization expense 1   18   86   —   105 Total operating costs and expenses 5   72   1,127   (119 )   1,085                     Income (loss) from operations (5 )   122   391   —   508                     Other income (expense)                   Interest expense, net of capitalized interest (34 )   —   (151 )   —   (185 ) Derivative gain, net 8   —   —   —   8 Equity earnings of subsidiaries 363   242   —   (605 )   — Other income (expense) 3   (1 )   2   —   4 Total other income (expense) 340   241   (149 )   (605 )   (173 )                     Net income $ 335   $ 363   $ 242   $ (605 )   $ 335 Condensed Consolidating Statement of Operations Three Months Ended March 31, 2017 (in millions)                       Parent Issuer   Guarantors   Non-Guarantor   Eliminations   Consolidated                     Revenues                   LNG revenues $ —   $ —   $ 492   $ —   $ 492 LNG revenues—affiliate —   —   331   —   331 Regasification revenues —   65   —   —   65 Regasification revenues—affiliate —   33   —   (33 )   — Other revenues —   2   —   —   2 Other revenues—affiliate —   51   —   (50 )   1 Total revenues —   151   823   (83 )   891                     Operating costs and expenses                   Cost of sales (excluding depreciation and amortization expense shown separately below) —   —   510   3   513 Cost of sales—affiliate —   —   4   (4 )   — Operating and maintenance expense 1   10   39   —   50 Operating and maintenance expense—affiliate —   34   59   (75 )   18 General and administrative expense 1   —   2   —   3 General and administrative expense—affiliate 3   3   17   (1 )   22 Depreciation and amortization expense —   19   47   —   66 Total operating costs and expenses 5   66   678   (77 )   672                     Income (loss) from operations (5 )   85   145   (6 )   219                     Other income (expense)                   Interest expense, net of capitalized interest (25 )   —   (105 )   —   (130 ) Loss on early extinguishment of debt —   —   (42 )   —   (42 ) Derivative gain (loss), net 2   —   (2 )   —   — Equity earnings (losses) of subsidiaries 75   (4 )   —   (71 )   — Total other income (expense) 52   (4 )   (149 )   (71 )   (172 )                     Net income (loss) $ 47   $ 81   $ (4 )   $ (77 )   $ 47
Condensed Consolidating Statements of Cash Flows	Condensed Consolidating Statement of Cash Flows Three Months Ended March 31, 2018 (in millions)                       Parent Issuer   Guarantors   Non-Guarantor   Eliminations   Consolidated Cash flows provided by (used in) operating activities $ (10 )   $ 135   $ 206   $ —   $ 331                     Cash flows from investing activities                   Property, plant and equipment, net —   (5 )   (189 )   —   (194 ) Investments in subsidiaries (38 )   —   —   38   — Distributions received from affiliates, net 167   —   —   (167 )   — Net cash provided by (used in) investing activities 129   (5 )   (189 )   (129 )   (194 )                     Cash flows from financing activities                   Distributions to parent —   (167 )   —   167   — Contributions from parent —   38   —   (38 )   — Distributions to owners (249 )   —   —   —   (249 ) Net cash used in financing activities (249 )   (129 )   —   129   (249 )                     Net increase (decrease) in cash, cash equivalents and restricted cash (130 )   1   17   —   (112 ) Cash, cash equivalents and restricted cash—beginning of period 1,033   12   544   —   1,589 Cash, cash equivalents and restricted cash—end of period $ 903   $ 13   $ 561   $ —   $ 1,477 Balances per Condensed Consolidating Balance Sheet:   March 31, 2018   Parent Issuer   Guarantors   Non-Guarantor   Eliminations   Consolidated Cash and cash equivalents $ —   $ —   $ —   $ —   $ — Restricted cash 903   13   561   —   1,477 Total cash, cash equivalents and restricted cash $ 903   $ 13   $ 561   $ —   $ 1,477 Condensed Consolidating Statement of Cash Flows Three Months Ended March 31, 2017 (in millions)                       Parent Issuer   Guarantors   Non-Guarantor   Eliminations   Consolidated Cash flows provided by (used in) operating activities $ (29 )   $ 32   $ 116   $ (4 )   $ 115                     Cash flows from investing activities                   Property, plant and equipment, net —   —   (528 )   4   (524 ) Investments in subsidiaries (127 )   —   —   127   — Distributions received from affiliates, net 159   —   —   (159 )   — Net cash provided by (used in) investing activities 32   —   (528 )   (28 )   (524 )                     Cash flows from financing activities                   Proceeds from issuances of debt —   —   2,314   —   2,314 Repayments of debt —   —   (703 )   —   (703 ) Debt issuance and deferred financing costs —   —   (26 )   —   (26 ) Distributions to parent —   (159 )   —   159   — Contributions from parent —   127   —   (127 )   — Distributions to owners (25 )   —   —   —   (25 ) Net cash provided by (used in) financing activities (25 )   (32 )   1,585   32   1,560                     Net increase (decrease) in cash, cash equivalents and restricted cash (22 )   —   1,173   —   1,151 Cash, cash equivalents and restricted cash—beginning of period 234   13   358   —   605 Cash, cash equivalents and restricted cash—end of period $ 212   $ 13   $ 1,531   $ —   $ 1,756