|
Schedule 1—Condensed Financial Information of Registrant (Tables) (Parent Company [Member])
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12 Months Ended |
|
Dec. 31, 2014
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|
Parent Company [Member]
|
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| Condensed Financial Statements, Captions [Line Items] |
|
| Condensed Balance Sheets |
CONDENSED BALANCE SHEETS
(in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
December 31, |
|
|
2014 |
|
2013 |
ASSETS |
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
Cash and cash equivalents |
|
$ |
222,130 |
|
|
$ |
314,782 |
|
Accounts receivable—affiliates |
|
9,568 |
|
|
— |
|
Prepaid expenses and other |
|
104 |
|
|
112 |
|
Total current assets |
|
231,802 |
|
|
314,894 |
|
|
|
|
|
|
Investment in affiliates |
|
902,612 |
|
|
1,328,613 |
|
Other |
|
123 |
|
|
— |
|
Total assets |
|
$ |
1,134,537 |
|
|
$ |
1,643,507 |
|
|
|
|
|
|
|
|
|
|
|
LIABILITIES AND PARTNERS’ EQUITY |
|
|
|
|
|
Current liabilities |
|
|
|
|
|
|
Accrued liabilities—affiliates |
|
$ |
3,033 |
|
|
$ |
3,135 |
|
Other current liabilities |
|
775 |
|
|
628 |
|
Total current liabilities |
|
3,808 |
|
|
3,763 |
|
|
|
|
|
|
Commitments and contingencies |
|
|
|
|
|
|
|
|
|
|
|
Partners’ equity |
|
1,130,729 |
|
|
1,639,744 |
|
Total liabilities and partners’ equity |
|
$ |
1,134,537 |
|
|
$ |
1,643,507 |
|
|
| Condensed Statements of Operations and Comprehensive Loss |
CONDENSED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
(in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31, |
|
|
2014 |
|
2013 |
|
2012 |
Operating costs and expenses |
|
$ |
3,383 |
|
|
$ |
3,041 |
|
|
$ |
7,074 |
|
Operating costs and expenses—affiliates |
|
11,556 |
|
|
11,376 |
|
|
11,188 |
|
Loss from operations |
|
(14,939 |
) |
|
(14,417 |
) |
|
(18,262 |
) |
|
|
|
|
|
|
|
Interest expense, net |
|
— |
|
|
— |
|
|
12 |
|
Interest income |
|
162 |
|
|
242 |
|
|
235 |
|
Equity loss of affiliates |
|
(395,259 |
) |
|
(243,942 |
) |
|
(157,416 |
) |
Net loss |
|
$ |
(410,036 |
) |
|
$ |
(258,117 |
) |
|
$ |
(175,431 |
) |
|
|
|
|
|
|
|
Other comprehensive income (loss) attributable to affiliates |
|
— |
|
|
27,240 |
|
|
(27,240 |
) |
Comprehensive loss |
|
$ |
(410,036 |
) |
|
$ |
(230,877 |
) |
|
$ |
(202,671 |
) |
|
| Condensed Statements of Cash Flows |
CONDENSED STATEMENTS OF CASH FLOWS
(in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31, |
|
|
2014 |
|
2013 |
|
2012 |
Cash flows from operating activities |
|
$ |
(24,416 |
) |
|
$ |
(13,056 |
) |
|
$ |
(17,508 |
) |
|
|
|
|
|
|
|
Cash flows from investing activities |
|
|
|
|
|
|
Investment in subsidiaries |
|
(77,847 |
) |
|
(405,452 |
) |
|
(1,785,866 |
) |
Distributions received from affiliates, net |
|
108,625 |
|
|
369,726 |
|
|
61,529 |
|
Purchase of Creole Trail Pipeline Business, net |
|
— |
|
|
(313,892 |
) |
|
— |
|
Other |
|
— |
|
|
— |
|
|
3 |
|
Net cash provided by (used in) investing activities |
|
30,778 |
|
|
(349,618 |
) |
|
(1,724,334 |
) |
|
|
|
|
|
|
|
Cash flows from financing activities: |
|
|
|
|
|
|
|
|
Proceeds from sale of Class B units |
|
— |
|
|
— |
|
|
1,887,342 |
|
Distributions to owners |
|
(99,014 |
) |
|
(91,386 |
) |
|
(57,821 |
) |
Proceeds from sale of partnership common and general partner units |
|
— |
|
|
375,897 |
|
|
250,021 |
|
Deferred financing costs |
|
— |
|
|
— |
|
|
(874 |
) |
Net cash provided by (used in) financing activities |
|
(99,014 |
) |
|
284,511 |
|
|
2,078,668 |
|
|
|
|
|
|
|
|
Net increase (decrease) in cash and cash equivalents |
|
(92,652 |
) |
|
(78,163 |
) |
|
336,826 |
|
Cash and cash equivalents—beginning of year |
|
314,782 |
|
|
392,945 |
|
|
56,119 |
|
Cash and cash equivalents—end of year |
|
$ |
222,130 |
|
|
$ |
314,782 |
|
|
$ |
392,945 |
|
|
| Supplemental Cash Flow Information |
SUPPLEMENTAL CASH FLOW INFORMATION
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|
|
|
|
|
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|
|
|
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Year Ended December 31, |
|
|
2014 |
|
2013 |
|
2012 |
|
|
(in thousands) |
Non-cash capital contributions (1) |
|
$ |
(395,259 |
) |
|
$ |
(225,792 |
) |
|
$ |
(132,121 |
) |
Non-cash capital contributions related to the Creole Trail Pipeline Business (1) |
|
— |
|
|
(18,150 |
) |
|
(25,295 |
) |
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|
(1) |
Amounts represent equity gains (losses) of affiliates not funded by Cheniere Partners. |
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