Annual report pursuant to Section 13 and 15(d)

Schedule I - Condensed Financial Information of Registrant (Tables)

v3.22.4
Schedule I - Condensed Financial Information of Registrant (Tables)
 12 Months Ended
Dec. 31, 2022
Condensed Financial Statements, Captions [Line Items]  
Schedule of Debt Instruments
Debt consisted of the following (in millions):
December 31,
2022 2021
SPL:
Senior Secured Notes:
5.625% due 2023
 $ —  $ 1,500 
5.75% due 2024
 2,000  2,000 
5.625% due 2025
 2,000  2,000 
5.875% due 2026
 1,500  1,500 
5.00% due 2027
 1,500  1,500 
4.200% due 2028
 1,350  1,350 
4.500% due 2030
 2,000  2,000 
4.746% weighted average rate due 2037
 1,782  1,282 
Total SPL Senior Secured Notes 12,132  13,132 
Working capital revolving credit and letter of credit reimbursement agreement (the “SPL Working Capital Facility”)
 —  — 
Total debt - SPL 12,132  13,132 
CQP:
Senior Notes:
4.500% due 2029
 1,500  1,500 
4.000% due 2031
 1,500  1,500 
3.25% due 2032
 1,200  1,200 
Total CQP Senior Notes 4,200  4,200 
Credit facilities (the “CQP Credit Facilities”)
 —  — 
Total debt - CQP 4,200  4,200 
Total debt 16,332  17,332 
Unamortized premium, discount and debt issuance costs, net (134) (155)
Total long-term debt, net of premium, discount and debt issuance costs $ 16,198  $ 17,177 
Schedule of Maturities of Long-term Debt
Below is a schedule of future principal payments that we are obligated to make on our outstanding debt at December 31, 2022 (in millions):
Years Ending December 31, Principal Payments
2023 $ — 
2024 2,000
2025 2,051
2026 1,608
2027 1,612
Thereafter 9,061
Total $ 16,332 
Schedule of Cash Flow, Supplemental Disclosures
The following table provides supplemental disclosure of cash flow information (in millions):
Year Ended December 31,
2022 2021 2020
Cash paid during the period for interest on debt, net of amounts capitalized $ 777  $ 812  $ 904 
Parent Company [Member]  
Condensed Financial Statements, Captions [Line Items]  
Condensed Income Statement
CHENIERE ENERGY PARTNERS, L.P.

CONDENSED STATEMENTS OF INCOME
(in millions) 
  Year Ended December 31,
  2022 2021 2020
Operating costs and expenses
General and administrative expense $ (4) $ (3) $ (3)
General and administrative expense—affiliate (15) (14) (14)
Amortization of capitalized interest associated to investment in subsidiaries (3) (3) (3)
Total operating costs and expenses (22) (20) (20)
Other income (expense)
Interest expense, net of capitalized interest (176) (199) (217)
Loss on modification or extinguishment of debt —  (97) — 
Other income 14  1  7 
Equity income of affiliates 2,682  1,946  1,413 
Total other income 2,520  1,651  1,203 
Net income $ 2,498  $ 1,631  $ 1,183 
Condensed Balance Sheet
CHENIERE ENERGY PARTNERS, L.P.

CONDENSED BALANCE SHEETS
(in millions) 
  December 31,
  2022 2021
ASSETS    
Current assets    
Cash and cash equivalents $ 899  $ 874 
Other current assets 1  1 
Total current assets 900  875 
Capitalized interest associated to investment in subsidiaries, net of amortization 75  77 
Debt issuance costs, net of accumulated amortization 3  5 
Investment in affiliates 1,106  3,966 
Total assets $ 2,084  $ 4,923 
LIABILITIES AND PARTNERS’ EQUITY
Current liabilities
Accrued liabilities $ 53  $ 47 
Due to affiliates 3  3 
Total current liabilities 56  50 
Long-term debt, net of debt issuance costs 4,159  4,154 
Partners’ equity (2,131) 719 
Total liabilities and partners’ equity $ 2,084  $ 4,923 
Condensed Cash Flow Statement
CHENIERE ENERGY PARTNERS, L.P.

CONDENSED STATEMENTS OF CASH FLOWS
(in millions) 
  Year Ended December 31,
  2022 2021 2020
Cash flows provided by operating activities $ 2,514  $ 1,732  $ 1,190 
Cash flows from investing activities
Capitalized interest associated to investment in subsidiaries (1) (1) (3)
Investments in subsidiaries (454) (1,009) (689)
Distributions received from affiliates 601  403  291 
Net cash provided by (used in) investing activities 146  (607) (401)
Cash flows from financing activities  
Proceeds from issuance of debt —  2,700  — 
Redemptions and repayments of debt —  (2,600) — 
Debt issuance and other financing costs —  (35) — 
Debt extinguishment costs —  (73) — 
Distributions to owners (2,635) (1,451) (1,359)
Net cash used in financing activities (2,635) (1,459) (1,359)
Net increase (decrease) in cash, cash equivalents 25  (334) (570)
Cash, cash equivalents—beginning of period 874  1,208  1,778 
Cash and cash equivalents—end of period $ 899  $ 874  $ 1,208 
Schedule of Debt Instruments
Our debt consisted of the following (in millions):
December 31,
2022 2021
Senior Secured Notes:
4.500% due 2029
 1,500  1,500 
4.000% due 2031
 1,500  1,500 
3.25% due 2032
 1,200  1,200 
Total CQP Senior Notes 4,200  4,200 
CQP Credit Facilities executed in 2019
 —  — 
Total debt 4,200  4,200 
Unamortized debt issuance costs (41) (46)
Total long-term debt, net of premium and debt issuance costs $ 4,159  $ 4,154 
Schedule of Maturities of Long-term Debt
Below is a schedule of future principal payments that we are obligated to make on our outstanding debt at December 31, 2022 (in millions): 
Years Ending December 31, Principal Payments
2023 $ — 
2024 — 
2025 — 
2026 — 
2027 — 
Thereafter 4,200 
Total $ 4,200 
Schedule of Cash Flow, Supplemental Disclosures
The following table provides supplemental disclosure of cash flow information, excluding any contributions to the parent that were immediately contributed to the subsidiaries (in millions): 
  Year Ended December 31,
  2022 2021 2020
Cash paid during the period for interest, net of amounts capitalized $ 163  $ 197  $ 213 
Non-cash capital distributions (1) 2,682  1,946  1,413 
(1)Amounts represent equity income of affiliates.