Quarterly report [Sections 13 or 15(d)]

Consolidated Balance Sheets

v3.25.3
Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 1,075 [1] $ 2,638
Restricted cash and cash equivalents 323 [1] 552
Trade and other receivables, net of current expected credit losses 1,324 727
Inventory 458 501
Current derivative assets 89 155
Margin deposits 103 128
Other current assets, net 129 100
Total current assets 3,501 4,801
Property, plant and equipment, net of accumulated depreciation 35,345 33,552
Operating lease assets 2,627 2,684
Derivative assets 2,565 1,903
Deferred tax assets 17 19
Other non-current assets, net 1,047 899
Total assets 45,102 [1] 43,858
Current liabilities    
Accounts payable 279 171
Accrued liabilities 1,492 2,179
Current debt, net of unamortized discount and debt issuance costs 605 351
Deferred revenue 176 163
Current operating lease liabilities 539 592
Current derivative liabilities 556 902
Other current liabilities 92 83
Total current liabilities 3,739 4,441
Long-term debt, net of unamortized discount and debt issuance costs 21,957 22,554
Non-current operating lease liabilities 2,091 2,090
Derivative liabilities 1,464 1,865
Deferred tax liabilities 3,075 1,856
Other non-current liabilities 1,315 992
Total liabilities 33,641 33,798
Redeemable NCI 118 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; 279.3 million shares and 278.7 million shares issued at September 30, 2025 and December 31, 2024, respectively 1 1
Treasury stock: 62.1 million shares and 54.7 million shares at September 30, 2025 and December 31, 2024, respectively, at cost (7,826) (6,136)
Additional paid-in-capital 4,507 4,452
Retained earnings 10,067 7,382
Total Cheniere stockholders’ equity 6,749 5,699
NCI 4,594 4,354
Total stockholders’ equity 11,343 10,053
Total liabilities, redeemable NCI and stockholders’ equity $ 45,102 [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 September 30, 2025, total assets and liabilities of our VIEs were $16.7 billion and $17.1 billion, respectively, including $121 million of cash and cash equivalents and $61 million of restricted cash and cash equivalents.