Cheniere Energy Partners LP Holdings, LLC
CIK:0001582966|SEC Filings
Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2018 |
Jun. 30, 2017 |
Jun. 30, 2018 |
Jun. 30, 2017 |
|
| Income Statement [Abstract] | ||||
| Equity income from investment in Cheniere Partners | $ 131,930 | $ 5,085 | $ 251,866 | $ 10,169 |
| Expenses | ||||
| General and administrative expense | 2,760 | 345 | 3,109 | 691 |
| General and administrative expense—affiliate | 269 | 263 | 538 | 527 |
| Total expenses | 3,029 | 608 | 3,647 | 1,218 |
| Income before income taxes | 128,901 | 4,477 | 248,219 | 8,951 |
| Income tax provision | (3,907) | 0 | (419) | 0 |
| Net income | $ 124,994 | $ 4,477 | $ 247,800 | $ 8,951 |
| Net income per common share—basic and diluted | $ 0.54 | $ 0.02 | $ 1.07 | $ 0.04 |
| Weighted average number of common shares outstanding—basic and diluted | 231,700 | 231,700 | 231,700 | 231,700 |
| Cash dividends declared per common share | $ 0.560 | $ 0.020 | $ 1.070 | $ 0.040 |
Consolidated Statements of Cash Flows - USD ($) $ in Thousands |
6 Months Ended | |
|---|---|---|
Jun. 30, 2018 |
Jun. 30, 2017 |
|
| Cash flows from operating activities | ||
| Net income | $ 247,800 | $ 8,951 |
| Adjustments to reconcile net income to net cash used in operating activities: | ||
| Income from equity investment | (251,866) | (10,169) |
| Deferred income taxes | (224) | 0 |
| Changes in operating assets and liabilities: | ||
| Receivables | 0 | 153 |
| Accounts payable and accrued liabilities | 284 | 7 |
| Accrued liabilities—affiliate | 0 | 528 |
| Other, net | (271) | (137) |
| Net cash used in operating activities | (4,277) | (667) |
| Cash flows from investing activities | ||
| Distributions from equity investment | 251,866 | 10,169 |
| Cash flows from financing activities | ||
| Dividends paid to shareholders | (247,919) | (9,268) |
| Net increase (decrease) in cash and cash equivalents | (330) | 234 |
| Cash and cash equivalents—beginning of period | 659 | 219 |
| Cash and cash equivalents—end of period | $ 329 | $ 453 |
Consolidated Balance Sheets - USD ($) $ in Thousands |
Jun. 30, 2018 |
Dec. 31, 2017 |
|---|---|---|
| Current assets | ||
| Cash and cash equivalents | $ 329 | $ 659 |
| Prepaid and other current assets | 326 | 55 |
| Total current assets | 655 | 714 |
| Deferred tax asset, net | 224 | 0 |
| Total assets | 879 | 714 |
| Current liabilities | ||
| Accounts payable and accrued liabilities | 360 | 76 |
| Shareholders’ equity | ||
| Common shares: unlimited shares authorized, 231.7 million shares issued and outstanding at June 30, 2018 and December 31, 2017 | 664,931 | 664,931 |
| Director voting share: 1 share authorized, issued and outstanding at June 30, 2018 and December 31, 2017 | 0 | 0 |
| Additional paid-in-capital | (271,757) | (271,757) |
| Accumulated deficit | (392,655) | (392,536) |
| Total shareholders’ equity | 519 | 638 |
| Total liabilities and shareholders’ equity | $ 879 | $ 714 |