Quarterly report [Sections 13 or 15(d)]

Consolidated Balance Sheets

v3.25.1
Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 2,511 [1] $ 2,638
Restricted cash and cash equivalents 357 [1] 552
Trade and other receivables, net of current expected credit losses 1,019 727
Inventory 525 501
Current derivative assets 135 155
Margin deposits 87 128
Other current assets, net 93 100
Total current assets 4,727 4,801
Property, plant and equipment, net of accumulated depreciation 34,177 33,552
Operating lease assets 2,724 2,684
Derivative assets 1,023 1,903
Deferred Income Tax Assets, Net 18 19
Other non-current assets, net 877 899
Total assets 43,546 [1] 43,858
Current liabilities    
Accounts payable 182 171
Accrued liabilities 2,206 2,179
Current debt, net of unamortized discount and debt issuance costs 104 351
Deferred revenue 117 163
Current operating lease liabilities 576 592
Current derivative liabilities 710 902
Other current liabilities 84 83
Total current liabilities 3,979 4,441
Long-term debt, net of unamortized discount and debt issuance costs 22,509 22,554
Non-current operating lease liabilities 2,153 2,090
Derivative liabilities 1,767 1,865
Deferred tax liabilities 1,893 1,856
Other non-current liabilities 1,148 992
Total liabilities 33,449 33,798
Redeemable non-controlling interest 45 7
Stockholders’ equity    
Preferred stock: $0.0001 par value, 5.0 million shares authorized, none issued 0 0
Common stock: $0.003 par value, 480.0 million shares authorized; 279.1 million shares and 278.7 million shares issued at March 31, 2025 and December 31, 2024, respectively 1 1
Treasury stock: 56.3 million shares and 54.7 million shares at March 31, 2025 and December 31, 2024, respectively, at cost (6,488) (6,136)
Additional paid-in-capital 4,448 4,452
Retained earnings 7,620 7,382
Total Cheniere stockholders’ equity 5,581 5,699
Non-controlling interests 4,471 4,354
Total stockholders’ equity 10,052 10,053
Total liabilities, redeemable non-controlling interest and stockholders’ equity $ 43,546 [1] $ 43,858
[1] Amounts presented include balances held by our consolidated variable interest entities (“VIEs”), substantially all of which are related to CQP, as further discussed in Note 6—Non-Controlling Interests and Variable Interest Entities. As of March 31, 2025, total assets and liabilities of our VIEs were $16.9 billion and $17.4 billion, respectively, including $94 million of cash and cash equivalents and $80 million of restricted cash and cash equivalents.