Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v2.4.1.9
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Cash flows from operating activities      
Net loss $ (410,036)us-gaap_NetIncomeLoss $ (258,117)us-gaap_NetIncomeLoss $ (175,431)us-gaap_NetIncomeLoss
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:      
Depreciation 58,601us-gaap_Depreciation 57,486us-gaap_Depreciation 57,498us-gaap_Depreciation
Use of restricted cash and cash equivalents for certain operating activities 148,972us-gaap_IncreaseDecreaseInRestrictedCashForOperatingActivities 171,345us-gaap_IncreaseDecreaseInRestrictedCashForOperatingActivities 75,060us-gaap_IncreaseDecreaseInRestrictedCashForOperatingActivities
Non-cash LNG inventory write-downs 24,461us-gaap_InventoryWriteDown 26,900us-gaap_InventoryWriteDown 9,393us-gaap_InventoryWriteDown
Non-cash LNG inventory—affiliate write-downs 0cqp_NonCashLngInventoryAffiliateWriteDowns 0cqp_NonCashLngInventoryAffiliateWriteDowns 11,025cqp_NonCashLngInventoryAffiliateWriteDowns
Amortization of debt issuance costs and discount 14,264us-gaap_AmortizationOfFinancingCostsAndDiscounts 14,948us-gaap_AmortizationOfFinancingCostsAndDiscounts 9,057us-gaap_AmortizationOfFinancingCostsAndDiscounts
Total (gains) losses on derivatives, net 117,701us-gaap_UnrealizedGainLossOnDerivatives (84,296)us-gaap_UnrealizedGainLossOnDerivatives (1,095)us-gaap_UnrealizedGainLossOnDerivatives
Net cash from settlement of derivative instruments (21,581)us-gaap_GainLossOnSaleOfDerivatives 579us-gaap_GainLossOnSaleOfDerivatives 476us-gaap_GainLossOnSaleOfDerivatives
Loss on early extinguishment of debt 114,335us-gaap_WriteOffOfDeferredDebtIssuanceCost 131,576us-gaap_WriteOffOfDeferredDebtIssuanceCost 1,470us-gaap_WriteOffOfDeferredDebtIssuanceCost
Other 15us-gaap_OtherNoncashIncomeExpense 0us-gaap_OtherNoncashIncomeExpense 3,496us-gaap_OtherNoncashIncomeExpense
Changes in operating assets and liabilities:      
Accounts and interest receivable (293)us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables 4us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables 481us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables
Accounts receivable—affiliate (503)us-gaap_IncreaseDecreaseInAccountsReceivableRelatedParties (1,083)us-gaap_IncreaseDecreaseInAccountsReceivableRelatedParties (1,690)us-gaap_IncreaseDecreaseInAccountsReceivableRelatedParties
Accounts payable and accrued liabilities 3,949us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities (2,384)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities 2,214us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Due to affiliates (15,842)us-gaap_IncreaseDecreaseInDueToAffiliates 26,091us-gaap_IncreaseDecreaseInDueToAffiliates 2,425us-gaap_IncreaseDecreaseInDueToAffiliates
Deferred revenue (3,938)us-gaap_IncreaseDecreaseInDeferredRevenue (3,947)us-gaap_IncreaseDecreaseInDeferredRevenue (4,089)us-gaap_IncreaseDecreaseInDeferredRevenue
Advances to affiliate (12,586)cqp_IncreaseDecreaseInAdvancesToAffiliate (9,281)cqp_IncreaseDecreaseInAdvancesToAffiliate (4,764)cqp_IncreaseDecreaseInAdvancesToAffiliate
LNG inventory (18,325)us-gaap_IncreaseDecreaseInInventories (30,863)us-gaap_IncreaseDecreaseInInventories (11,545)us-gaap_IncreaseDecreaseInInventories
LNG inventory—affiliate 0cqp_IncreaseDecreaseInLngInventoryAffiliate 0cqp_IncreaseDecreaseInLngInventoryAffiliate (11,076)cqp_IncreaseDecreaseInLngInventoryAffiliate
Other, net (4,919)us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet (7,672)us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet (646)us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet
Other, net—affiliate 17,653cqp_IncreaseDecreaseInOtherOperatingActivitiesAffiliate 4,378cqp_IncreaseDecreaseInOtherOperatingActivitiesAffiliate 0cqp_IncreaseDecreaseInOtherOperatingActivitiesAffiliate
Net cash provided by (used in) operating activities 11,928us-gaap_NetCashProvidedByUsedInOperatingActivities 35,664us-gaap_NetCashProvidedByUsedInOperatingActivities (37,741)us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash flows from investing activities      
Property, plant and equipment, net (2,645,553)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (3,120,643)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (1,118,787)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Use of restricted cash and cash equivalents for the acquisition of property, plant and equipment 2,669,332us-gaap_IncreaseDecreaseInRestrictedCash 3,119,632us-gaap_IncreaseDecreaseInRestrictedCash 1,114,742us-gaap_IncreaseDecreaseInRestrictedCash
Purchase of Creole Trail Pipeline Business, net 0us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired (313,892)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired 0us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired
Other (38,880)us-gaap_PaymentsForProceedsFromOtherInvestingActivities (13,897)us-gaap_PaymentsForProceedsFromOtherInvestingActivities (740)us-gaap_PaymentsForProceedsFromOtherInvestingActivities
Net cash used in investing activities (15,101)us-gaap_NetCashProvidedByUsedInInvestingActivities (328,800)us-gaap_NetCashProvidedByUsedInInvestingActivities (4,785)us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash flows from financing activities      
Proceeds from issuances of long-term debt 2,584,500us-gaap_ProceedsFromIssuanceOfLongTermDebt 4,504,478us-gaap_ProceedsFromIssuanceOfLongTermDebt 520,000us-gaap_ProceedsFromIssuanceOfLongTermDebt
Proceeds from sale of partnership common and general partner units 0us-gaap_ProceedsFromSaleOfInterestInPartnershipUnit 375,897us-gaap_ProceedsFromSaleOfInterestInPartnershipUnit 250,022us-gaap_ProceedsFromSaleOfInterestInPartnershipUnit
Proceeds from sale of Class B units, net 0cqp_ProceedsFromSaleOfClassBUnits 0cqp_ProceedsFromSaleOfClassBUnits 1,887,342cqp_ProceedsFromSaleOfClassBUnits
Contributions to Creole Trail Pipeline Business from Cheniere, net 0us-gaap_ProceedsFromContributionsFromParent 20,896us-gaap_ProceedsFromContributionsFromParent 11,857us-gaap_ProceedsFromContributionsFromParent
Investment in restricted cash and cash equivalents (2,303,763)us-gaap_ProceedsFromRepaymentsOfRestrictedCashFinancingActivities (4,173,959)us-gaap_ProceedsFromRepaymentsOfRestrictedCashFinancingActivities (1,458,619)us-gaap_ProceedsFromRepaymentsOfRestrictedCashFinancingActivities
Debt issuance and deferred financing costs (103,787)us-gaap_PaymentsOfDebtIssuanceCosts (311,050)us-gaap_PaymentsOfDebtIssuanceCosts (222,378)us-gaap_PaymentsOfDebtIssuanceCosts
Repayments of long-term debt (177,000)us-gaap_RepaymentsOfLongTermDebt (100,000)us-gaap_RepaymentsOfLongTermDebt (550,000)us-gaap_RepaymentsOfLongTermDebt
Distributions to owners (98,979)us-gaap_PaymentsOfCapitalDistribution (91,386)us-gaap_PaymentsOfCapitalDistribution (57,821)us-gaap_PaymentsOfCapitalDistribution
Net cash provided by (used in) financing activities (99,029)us-gaap_NetCashProvidedByUsedInFinancingActivities 224,876us-gaap_NetCashProvidedByUsedInFinancingActivities 380,403us-gaap_NetCashProvidedByUsedInFinancingActivities
Net increase (decrease) in cash and cash equivalents (102,202)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (68,260)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 337,877us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents—beginning of period 351,032us-gaap_CashAndCashEquivalentsAtCarryingValue 419,292us-gaap_CashAndCashEquivalentsAtCarryingValue 81,415us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents—end of period $ 248,830us-gaap_CashAndCashEquivalentsAtCarryingValue $ 351,032us-gaap_CashAndCashEquivalentsAtCarryingValue $ 419,292us-gaap_CashAndCashEquivalentsAtCarryingValue