Annual report pursuant to Section 13 and 15(d)

Schedule I???Condensed Financial Information of Registrant

v3.6.0.2
Schedule I—Condensed Financial Information of Registrant
12 Months Ended
Dec. 31, 2016
Parent Company [Member]  
Condensed Financial Statements, Captions [Line Items]  
Schedule I—Condensed Financial Information of Registrant
SCHEDULE I—CONDENSED FINANCIAL INFORMATION OF REGISTRANT

CHENIERE ENERGY PARTNERS, L.P.

CONDENSED BALANCE SHEETS
(in thousands) 
 
 
December 31,
 
 
2016
 
2015
ASSETS
 
 

 
 

Current assets
 
 

 
 

Cash and cash equivalents
 
$

 
$
109,950

Restricted cash
 
234,407

 

Prepaid expenses and other
 
447

 
187

Total current assets
 
234,854

 
110,137

 
 
 
 
 
Property, plant and equipment, net
 
78,789

 
58,410

Debt issuance and deferred financing costs, net
 
62,048

 

Investment in affiliates
 
2,616,985

 
544,589

Non-current derivative assets
 
16,073

 

Other non-current assets
 
45

 
953

Total assets
 
$
3,008,794

 
$
714,089

 
 
 
 
 
 
 
 
 
 
LIABILITIES AND PARTNERS’ EQUITY
 
 
 
 
Current liabilities
 
 
 
 
Derivative liabilities
 
$
2,965

 
$

Other current liabilities
 
2,775

 
1,158

Total current liabilities
 
5,740

 
1,158

 
 
 
 
 
Long-term debt
 
2,560,000

 

 
 
 
 
 
Partners’ equity
 
443,054

 
712,931

Total liabilities and partners’ equity
 
$
3,008,794

 
$
714,089






















The accompanying notes are an integral part of these condensed financial statements.
CHENIERE ENERGY PARTNERS, L.P.

CONDENSED STATEMENTS OF OPERATIONS
(in thousands) 
 
 
Year Ended December 31,
 
 
2016
 
2015
 
2014
Operating costs and expenses
 
 
 
 
 
 
Operating and maintenance expense
 
$
5,326

 
$
2,905

 
$

General and administrative expense
 
3,927

 
2,760

 
3,383

General and administrative expense—affiliate
 
11,704

 
11,546

 
11,556

Depreciation and amortization expense
 
632

 
72

 

Total operating costs and expenses
 
21,589

 
17,283

 
14,939

 
 
 
 
 
 
 
Other income (expense)
 
 
 
 
 
 
Interest expense, net of capitalized interest
 
(22,858
)
 

 

Derivative gain, net
 
11,478

 

 

Other income
 
351

 
173

 
162

Equity loss of affiliates
 
(138,577
)
 
(301,781
)
 
(395,259
)
Total other expense
 
(149,606
)
 
(301,608
)
 
(395,097
)
 
 
 
 
 
 
 
Net loss
 
$
(171,195
)
 
$
(318,891
)
 
$
(410,036
)

































The accompanying notes are an integral part of these condensed financial statements.
CHENIERE ENERGY PARTNERS, L.P.

CONDENSED STATEMENTS OF CASH FLOWS
(in thousands) 
 
Year Ended December 31,
 
2016
 
2015
 
2014
Cash flows used in operating activities
$
(52,488
)
 
$
(43,723
)
 
$
(40,948
)
 
 
 
 
 
 
Cash flows from investing activities
 
 
 
 
 
Property, plant and equipment, net

 
(671
)
 

Investments in subsidiaries
(2,428,967
)
 
12,832

 
(61,350
)
Distributions received from affiliates, net
217,994

 
18,400

 
108,625

Net cash provided by (used in) investing activities
(2,210,973
)
 
30,561

 
47,275

 
 
 
 
 
 
Cash flows from financing activities
 
 
 
 
 

Proceeds from issuance of debt
2,560,000

 

 

Debt issuance and deferred financing costs
(73,060
)
 

 

Distributions to owners
(99,025
)
 
(99,018
)
 
(98,979
)
Other
3

 

 

Net cash provided by (used in) financing activities
2,387,918

 
(99,018
)
 
(98,979
)
 
 
 
 
 
 
Net increase (decrease) in cash, cash equivalents and restricted cash
124,457

 
(112,180
)
 
(92,652
)
Cash, cash equivalents and restricted cash—beginning of period
109,950

 
222,130

 
314,782

Cash, cash equivalents and restricted cash—end of period
$
234,407

 
$
109,950

 
$
222,130



Balances per Condensed Balance Sheets:
 
December 31
 
2016
 
2015
 
2014
Cash and cash equivalents
$

 
$
109,950

 
$
222,130

Restricted cash
234,407

 

 

Total cash, cash equivalents and restricted cash
$
234,407

 
$
109,950

 
$
222,130






















The accompanying notes are an integral part of these condensed financial statements.
CHENIERE ENERGY PARTNERS, L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS

NOTE 1—SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
 
The Condensed Financial Statements represent the financial information required by Securities and Exchange Commission Regulation S-X 5-04 for Cheniere Partners.
 
A substantial amount of Cheniere Partners’ operating, investing and financing activities are conducted by its affiliates. In the Condensed Financial Statements, Cheniere Partners’ investments in affiliates are presented under the equity method of accounting. Under this method, the assets and liabilities of affiliates are not consolidated. The investments in net assets of the affiliates are recorded on the Condensed Balance Sheets. The gain (loss) from operations of the affiliates is reported on a net basis as equity loss of affiliates.

The Condensed Financial Statements should be read in conjunction with Cheniere Partners’ Consolidated Financial Statements.

 NOTE 2—SUPPLEMENTAL CASH FLOW INFORMATION

The following table provides supplemental disclosure of cash flow information (in thousands): 
 
 
Year Ended December 31,
 
 
2016
 
2015
 
2014
Non-cash capital contributions (1)
 
$
138,577

 
$
301,781

 
$
395,259

 
(1)
Amounts represent equity loss of affiliates not funded by Cheniere Partners.