Annual report pursuant to Section 13 and 15(d)

Schedule I - Condensed Financial Information of Registrant (Tables)

v3.8.0.1
Schedule I - Condensed Financial Information of Registrant (Tables)
12 Months Ended
Dec. 31, 2017
Condensed Financial Statements, Captions [Line Items]  
Schedule of Debt Instruments
As of December 31, 2017 and 2016, our debt consisted of the following (in millions): 
 
 
December 31,
 
 
2017
 
2016
Long-term debt:
 
 
 
 
SPL
 
 
 


5.625% Senior Secured Notes due 2021 (“2021 SPL Senior Notes”), net of unamortized premium of $6 and $7
 
$
2,006

 
$
2,007

6.25% Senior Secured Notes due 2022 (“2022 SPL Senior Notes”)
 
1,000

 
1,000

5.625% Senior Secured Notes due 2023 (“2023 SPL Senior Notes”), net of unamortized premium of $5 and $6
 
1,505

 
1,506

5.75% Senior Secured Notes due 2024 (“2024 SPL Senior Notes”)
 
2,000

 
2,000

5.625% Senior Secured Notes due 2025 (“2025 SPL Senior Notes”)
 
2,000

 
2,000

5.875% Senior Secured Notes due 2026 (“2026 SPL Senior Notes”)
 
1,500

 
1,500

5.00% Senior Secured Notes due 2027 (“2027 SPL Senior Notes”)
 
1,500

 
1,500

4.200% Senior Secured Notes due 2028 (“2028 SPL Senior Notes”), net of unamortized discount of $1 and zero
 
1,349

 

5.00% Senior Secured Notes due 2037 (“2037 SPL Senior Notes”)
 
800

 

2015 SPL Credit Facilities
 

 
314

Cheniere Partners
 
 
 
 
5.250% Senior Notes due 2025 (“2025 CQP Senior Notes”)
 
1,500

 

2016 CQP Credit Facilities
 
1,090

 
2,560

CCH
 
 
 
 
7.000% Senior Secured Notes due 2024 (“2024 CCH Senior Notes”)
 
1,250

 
1,250

5.875% Senior Secured Notes due 2025 (“2025 CCH Senior Notes”)
 
1,500

 
1,500

5.125% Senior Secured Notes due 2027 (“2027 CCH Senior Notes”)
 
1,500

 

2015 CCH Credit Facility
 
2,485

 
2,381

CCH HoldCo II
 
 
 
 
11.0% Convertible Senior Notes due 2025 (“2025 CCH HoldCo II Convertible Senior Notes”)
 
1,305

 
1,171

Cheniere
 
 
 
 
4.875% Convertible Unsecured Notes due 2021 (“2021 Cheniere Convertible Unsecured Notes”), net of unamortized discount of $121 and $146
 
1,040

 
960

4.25% Convertible Senior Notes due 2045 (“2045 Cheniere Convertible Senior Notes”), net of unamortized discount of $314 and $317
 
311

 
308

$750 million Cheniere Revolving Credit Facility (“Cheniere Revolving Credit Facility”)
 

 

Unamortized debt issuance costs
 
(305
)
 
(269
)
Total long-term debt, net
 
25,336

 
21,688

 
 
 
 
 
Current debt:
 
 
 
 
$1.2 billion SPL Working Capital Facility (“SPL Working Capital Facility”)
 

 
224

$350 million CCH Working Capital Facility (“CCH Working Capital Facility”)
 

 

Cheniere Marketing trade finance facilities
 

 
23

Total current debt
 

 
247

 
 
 
 
 
Total debt, net
 
$
25,336

 
$
21,935



Schedule of Maturities of Long-term Debt
Below is a schedule of future principal payments that we are obligated to make, based on current construction schedules, on our outstanding debt at December 31, 2017 (in millions): 
Years Ending December 31,
 
Principal Payments
2018
 
$

2019
 
55

2020
 
1,035

2021
 
3,161

2022
 
3,485

Thereafter
 
18,330

Total
 
$
26,066

Below is a schedule of future principal payments that we are obligated to make, based on current construction schedules, on our outstanding debt at December 31, 2017 (in millions): 
Years Ending December 31,
 
Principal Payments
2018
 
$

2019
 
55

2020
 
1,035

2021
 
3,161

2022
 
3,485

Thereafter
 
18,330

Total
 
$
26,066

Schedule of Cash Flow, Supplemental Disclosures
The following table provides supplemental disclosure of cash flow information (in millions): 
 
 
Year Ended December 31,
 
 
2017
 
2016
 
2015
Cash paid during the period for interest, net of amounts capitalized
 
$
305

 
$
66

 
$
123

Contribution of assets to equity method investee
 
14

 

 

Non-cash conveyance of assets
 

 

 
13

Parent Company [Member]  
Condensed Financial Statements, Captions [Line Items]  
Condensed Balance Sheets
CHENIERE ENERGY, INC.

CONDENSED BALANCE SHEETS
(in millions) 
 
December 31,
 
2017
 
2016
ASSETS
 

 
 
Cash and cash equivalents
$

 
$

Non-current restricted cash

 
7

Property, plant and equipment, net
15

 
15

Debt issuance and deferred financing costs, net
12

 

Investments in affiliates
(435
)
 
(145
)
Total assets
$
(408
)
 
$
(123
)
 
 
 
 
LIABILITIES AND STOCKHOLDERS’ DEFICIT
 
 
 
Current liabilities

$
8

 
$
8

 
 
 
 
Long-term debt, net
1,348

 
1,265

 
 
 
 
Stockholders’ deficit
(1,764
)
 
(1,396
)
Total liabilities and stockholders’ deficit
$
(408
)
 
$
(123
)
Condensed Statements of Operations
CHENIERE ENERGY, INC.

CONDENSED STATEMENTS OF OPERATIONS
(in millions) 
 
Year Ended December 31,
 
2017
 
2016
 
2015
General and administrative expense
$
7

 
$
6

 
$

 
 
 
 
 
 
Other income (expense)
 
 
 
 
 
Interest expense, net
(118
)
 
(104
)
 
(93
)
Interest expense, net—affiliates

 
(7
)
 
(9
)
Interest income—affiliates

 
24

 
34

Equity loss of affiliates
(268
)
 
(517
)
 
(907
)
Total other expense
(386
)
 
(604
)
 
(975
)
 
 
 
 
 
 
Net loss attributable to common stockholders
$
(393
)
 
$
(610
)
 
$
(975
)
Condensed Statements of Cash Flows
CHENIERE ENERGY, INC.
CONDENSED STATEMENTS OF CASH FLOWS
(in millions) 
 
Year Ended December 31,
 
2017
 
2016
 
2015
Net cash used in operating activities
$
(4
)
 
$
(102
)
 
$
(176
)
 
 
 
 
 
 
Cash flows from investing activities
 

 
 

 
 

Investments in affiliates
209

 
202

 
(181
)
Net cash provided by (used in) investing activities
209


202


(181
)
 
 
 
 
 
 
Cash flows from financing activities
 

 
 

 
 

Proceeds from issuance of debt

 

 
500

Debt issuance and deferred financing costs
(15
)
 

 
(4
)
Distribution and dividends to non-controlling interest
(185
)
 
(80
)
 
(80
)
Proceeds from exercise of stock options

 

 
2

Payments related to tax withholdings for share-based compensation
(12
)
 
(20
)
 
(61
)
Other

 

 
1

Net cash provided by (used in) financing activities
(212
)
 
(100
)
 
358

 
 
 
 
 
 
Net increase (decrease) in cash, cash equivalents and restricted cash
(7
)
 

 
1

Cash, cash equivalents and restricted cash—beginning of period
7

 
7

 
6

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

 
$
7

 
$
7



Balances per Condensed Balance Sheets:
 
December 31
 
2017
 
2016
Cash and cash equivalents
$

 
$

Non-current restricted cash

 
7

Total cash, cash equivalents and restricted cash
$

 
$
7

Schedule of Debt Instruments
As of December 31, 2017 and 2016, our debt consisted of the following (in millions): 
 
 
December 31,
 
 
2017
 
2016
Long-term debt:
 
 
 
 
4.875% Convertible Unsecured Notes due 2021, net of unamortized discount of $121 and $146
 
$
1,040

 
$
960

4.25% Convertible Senior Notes due 2045, net of unamortized discount of $314 and $317
 
311

 
308

$750 million Cheniere Revolving Credit Facility
 

 

Unamortized debt issuance costs
 
(3
)
 
(3
)
Total long-term debt, net
 
$
1,348


$
1,265

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, 2017 (in millions): 
Years Ending December 31,
 
Principal Payments
2018
 
$

2019
 

2020
 

2021
 
1,161

2022
 

Thereafter
 
625

Total
 
$
1,786

Schedule of Cash Flow, Supplemental Disclosures
The following table provides supplemental disclosure of cash flow information (in millions): 
 
 
Year Ended December 31,
 
 
2017
 
2016
 
2015
Non-cash capital contributions (1)
 
$
(268
)
 
$
(517
)
 
$
(907
)
Non-cash capital contribution from subsidiaries for forgiveness of debt
 

 
151

 

Non-cash capital distribution to subsidiaries for forgiveness of debt
 

 
(868
)
 

Issuance of stock to acquire additional interest in Cheniere Holdings
 
2

 
94

 

 
(1)
Amounts represent equity losses of affiliates.