Annual report pursuant to Section 13 and 15(d)

Schedule I - Condensed Financial Information of Registrant (Tables)

v3.24.0.1
Schedule I - Condensed Financial Information of Registrant (Tables)
 12 Months Ended
Dec. 31, 2023
Condensed Financial Statements, Captions [Line Items]  
Schedule of Debt Instruments
Debt consisted of the following (in millions):
December 31,
2023 2022
SPL:
Senior Secured Notes:
5.750% due 2024 (the “2024 SPL Senior Notes”)
$ 300  $ 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  1,782 
Total SPL Senior Secured Notes
 10,432  12,132 
Working capital revolving credit and letter of credit reimbursement agreement (the “SPL Working Capital Facility”)
—  — 
Revolving credit and guaranty agreement (the “SPL Revolving Credit Facility”)
—  — 
Total debt - SPL
 10,432  12,132 
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 
5.950% due 2033 (the “2033 CQP Senior Notes”)
1,400  — 
Total CQP Senior Notes
 5,600  4,200 
Credit facilities (the “CQP Credit Facilities”)
—  — 
Revolving credit and guaranty agreement (the “CQP Revolving Credit Facility”)
—  — 
Total debt - CQP
 5,600  4,200 
Total debt 16,032  16,332 
Current debt, net of discount and debt issuance costs (300) — 
Long-term portion of unamortized discount and debt issuance costs, net (126) (134)
Total long-term debt, net of discount and debt issuance costs $ 15,606  $ 16,198 
Schedule of Cash Flow, Supplemental Disclosures
The following table provides supplemental disclosure of cash flow information (in millions):
Year Ended December 31,
2023 2022 2021
Cash paid during the period for interest on debt, net of amounts capitalized $ 748  $ 777  $ 812 
Non-cash investing activity:
Unpaid purchases of property, plant and equipment, net and other non-current assets, net
 32  103  76 
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,
  2023 2022 2021
Operating costs and expenses
General and administrative expense $ (4) $ (4) $ (3)
General and administrative expense—affiliate (16) (15) (14)
Amortization of capitalized interest associated to investment in subsidiaries (3) (3) (3)
Total operating costs and expenses (23) (22) (20)
Other income (expense)
Interest expense, net of capitalized interest (218) (176) (199)
Loss on modification or extinguishment of debt —  —  (97)
Other income 32  14  1 
Equity income of subsidiaries 4,463  2,682  1,946 
Total other income 4,277  2,520  1,651 
Net income $ 4,254  $ 2,498  $ 1,631 
Condensed Balance Sheet
CHENIERE ENERGY PARTNERS, L.P.

CONDENSED BALANCE SHEETS
(in millions) 
  December 31,
  2023 2022
ASSETS    
Current assets    
Cash and cash equivalents $ 572  $ 899 
Trade receivables—affiliates 1  — 
Other current assets 1  1 
Total current assets 574  900 
Capitalized interest associated to investment in subsidiaries, net of accumulated amortization 74  75 
Debt issuance costs, net of accumulated amortization 7  3 
Investment in subsidiaries 4,204  1,106 
Total assets $ 4,859  $ 2,084 
LIABILITIES AND PARTNERS’ DEFICIT
Current liabilities
Accrued liabilities $ 97  $ 53 
Due to affiliates 4  3 
Total current liabilities 101  56 
Long-term debt, net of debt issuance costs 5,542  4,159 
Partners’ deficit (784) (2,131)
Total liabilities and partners’ deficit $ 4,859  $ 2,084 
Condensed Cash Flow Statement
CHENIERE ENERGY PARTNERS, L.P.

CONDENSED STATEMENTS OF CASH FLOWS
(in millions) 
  Year Ended December 31,
  2023 2022 2021
Cash flows provided by operating activities $ 2,682  $ 2,514  $ 1,732 
Cash flows from investing activities
Capitalized interest associated to investment in subsidiaries (2) (1) (1)
Investments in subsidiaries (1,470) (454) (1,009)
Distributions received from subsidiaries —  601  403 
Payments of financing costs of subsidiary (2) —  — 
Net cash provided by (used in) investing activities (1,474) 146  (607)
Cash flows from financing activities  
Proceeds from issuance of debt 1,397  —  2,700 
Redemptions and repayments of debt —  —  (2,600)
Debt issuance and other financing costs (25) —  (35)
Debt extinguishment costs —  —  (73)
Distributions to owners (2,907) (2,635) (1,451)
Net cash used in financing activities (1,535) (2,635) (1,459)
Net increase (decrease) in cash and cash equivalents (327) 25  (334)
Cash and cash equivalents—beginning of period 899  874  1,208 
Cash and cash equivalents—end of period $ 572  $ 899  $ 874 
Schedule of Debt Instruments
Our debt consisted of the following (in millions):
December 31,
2023 2022
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 
5.950% due 2033
 1,400  — 
Total senior notes 5,600  4,200 
Credit facilities
 —  — 
Revolving credit and guaranty agreement —  — 
Total debt 5,600  4,200 
Unamortized debt issuance costs (58) (41)
Total long-term debt, net of debt issuance costs $ 5,542  $ 4,159 
Schedule of Cash Flow, Supplemental Disclosures
The following table provides supplemental disclosure of cash flow information, excluding any non-cash contributions from affiliates of Cheniere to our subsidiaries for which the contribution passed through us (in millions): 
  Year Ended December 31,
  2023 2022 2021
Cash paid during the period for interest, net of amounts capitalized $ 168  $ 163  $ 197 
Cash distributions from subsidiaries 2,838  3,282  2,349