CHENIERE ENERGY, INC. LNG Cash Flow

Cheniere energy, inc. (LNG)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Cash flows from operating activities
Net income
1,498	1,232	302	789	937	1,200	1,257	1,120	991	563	433	212	-144	-665	-1,127	-1,303	-1,110	-1,097	-968	-766	-905	-691	-693	-689	-564	-558	-467	-475	-393	-332	-296	-241	-215	-198	0	0	0
Adjustments to reconcile net income to net cash provided by operating activities:
Non-cash LNG inventory write-downs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	18	18	26	41	24	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization expense
883	794	677	577	484	449	437	416	395	356	320	277	220	174	129	102	89	83	74	69	66	64	64	63	61	61	64	64	65	66	64	64	64	63	0	0	0
Share-based compensation expense
132	131	118	116	113	113	116	103	95	91	80	95	109	101	164	157	171	172	110	106	82	102	153	157	243	271	207	230	120	58	63	16	20	26	0	0	0
Non-cash interest expense
127	143	144	137	92	74	73	67	70	75	71	76	80	77	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	19	0	0	0
Amortization of debt issuance costs, premium and discount
117	103	87	78	70	69	69	69	69	69	70	67	66	62	64	53	51	48	34	35	23	16	17	15	14	14	10	10	15	20	25	28	28	28	0	0	0
Non-cash operating lease costs
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of operating lease assets
-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on modification or extinguishment of debt
-56	-55	0	0	0	-	-	-	-	-100	-152	-153	-176	-135	-110	-84	-36	-124	-96	-96	-203	-114	0	0	0	-	-	-	-	16	-15	-15	-0	0	0	0	0
Total gains on derivatives, net
737	400	-56	100	40	-51	29	13	13	-62	189	245	166	28	-228	-383	-223	-168	-238	-104	-210	-118	-60	-88	68	84	56	77	-17	1	0	0	0	-	-	-	-
Net cash provided by settlement of derivative instruments
-213	-138	-179	-87	-37	-17	101	59	81	106	70	83	65	45	39	28	71	100	97	94	58	22	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Impairment expense and loss on disposal of assets
-26	-23	-7	-14	-10	-8	0	0	0	-	-	-	-	-13	100	100	100	91	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment or loss on equity method investments
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred taxes
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-	-	-	-	-	5	4	3	11	1	8	8	-3	-4	-10	18	6	-1	-16	-44	-21	-14	1	2	-1	2	14	13	14	14	4	1	1	-1	0	0	0
Changes in restricted cash for certain operating activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-150	-147	-138	-120	-169	-155	-114	-121	-64	-35	-17	-4	0	0	0
Changes in operating assets and liabilities:
Accounts and other receivables
75	-1	252	154	-203	133	-6	-2	372	141	112	202	214	207	126	66	-28	1	-16	2	28	-0	-2	-23	0	0	-3	20	-0	-0	22	1	-30	-1	0	0	0
Accounts receivable—related party
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Inventory
-41	-11	-18	50	149	73	164	80	7	73	56	68	63	119	30	33	0	28	17	33	51	18	24	28	25	26	43	37	21	20	16	8	4	16	0	0	0
Other current assets
-10	18	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable and accrued liabilities
22	52	129	240	198	188	182	48	145	225	50	126	16	64	19	-57	-99	2	-30	35	45	16	6	4	0	6	13	15	2	-29	4	7	9	28	0	0	0
Accrued liabilities—related party
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred revenue
-14	22	51	37	-13	26	-16	31	53	34	103	34	32	42	-3	-4	-3	-4	-3	-3	-4	-3	-3	-3	-2	-3	-3	-2	-5	-4	-3	-5	-4	-4	0	0	0
Operating lease liabilities
-371	-366	-263	-163	-85	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Finance lease liabilities
0	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
-3	6	10	7	1	1	-1	1	-17	5	6	-6	17	12	53	8	10	19	-23	28	-0	-1	9	11	21	10	0	-0	-2	-2	-1	-0	0	4	0	0	0
Net cash provided by operating activities
1,995	1,833	1,578	1,768	1,933	1,990	1,840	1,677	1,391	1,231	810	427	36	-404	-527	-483	-599	-483	-496	-546	-258	-262	-71	-41	-57	-52	-25	-34	-52	-107	-107	-108	-62	-42	0	0	0
Cash flows from investing activities
Property, plant and equipment, net
2,987	3,056	3,518	3,643	3,492	3,643	3,166	2,527	2,814	3,357	3,810	4,417	4,525	4,356	4,554	4,835	7,412	6,853	6,529	5,771	2,647	2,829	2,713	3,194	3,423	3,114	2,695	2,351	1,582	1,117	873	42	6	8	0	0	0
Investment in equity method investment
171	105	70	59	49	25	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Use of restricted cash for the acquisition of property, plant and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-2,639	-2,852	-3,427	-3,129	-2,705	-2,953	-2,050	-1,587	-1,354	-216	-6	-8	0	0	0
Investment in Cheniere Partners
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11	21	386	552	545	534	188	17	17	0	0	0
Other
8	2	2	2	-12	-14	-14	-11	12	-17	-11	13	10	57	69	51	102	131	154	162	100	66	27	32	44	33	17	8	7	8	23	11	5	3	0	0	0
Net cash used in investing activities
-3,166	-3,163	-3,590	-3,704	-3,529	-3,654	-3,177	-2,516	-2,867	-3,381	-3,840	-4,471	-4,535	-4,413	-9,954	-9,069	-8,087	-6,984	-3,333	-3,054	-2,936	-2,896	-101	-373	-43	-29	-29	207	-92	-84	-77	-24	-24	-22	0	0	0
Cash flows from financing activities
Proceeds from issuances of debt
6,338	6,434	5,262	4,507	4,711	4,285	3,760	3,842	4,258	6,854	11,094	11,978	13,819	12,865	9,203	7,566	6,481	7,073	7,178	6,205	6,084	3,584	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of debt
4,205	4,346	2,243	1,740	1,832	1,391	1,408	1,750	2,929	3,632	7,099	6,941	7,959	7,671	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	1,326	0	0	0	-	0	0	0
Debt issuance and other financing costs
84	51	51	40	65	66	57	68	47	89	140	142	166	172	110	198	503	513	535	435	154	109	133	167	290	311	284	446	258	223	0	0	0	-	-	-	-
Investment in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-3,192	-2,845	-2,231	-4,083	-3,492	-4,837	-3,595	-1,771	-1,416	-483	-23	-24	0	0	0
Crest Royalty
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13	25	25	0	0	0	0
Distributions and dividends to non-controlling interest
600	590	580	578	577	576	560	433	308	185	80	80	80	80	79	79	79	80	80	79	79	79	78	77	81	69	78	61	41	36	9	8	6	4	0	0	0
Proceeds from sale of common shares by Cheniere Holdings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,199	1,546	1,164	820	468	0	0	0
Proceeds from issuances of long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Proceeds from 2021 Sabine Pass Liquefaction Notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Proceeds from sale of common units by Cheniere Partners
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	364	364	560	567	204	204	52	53	52	0	0	0
Proceeds from exercise of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2	3	6	8	10	12	9	7	3	0	0	0	-	-	-	-	-	-	-	-
Distributions to non-controlling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	32	31	29	28	0	0	0
Payments related to tax withholdings for share-based compensation
46	19	29	26	26	20	18	17	17	12	5	19	20	20	35	58	58	61	112	109	108	112	91	73	143	136	0	0	0	-	-	-	-	-	-	-	-
Repurchase of common stock
404	249	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	0
Other
5	4	2	-6	-9	-8	0	0	0	-	-	-	-	-	-	-	-	2	5	4	3	3	0	-8	3	3	0	0	0	-	-	0	0	-	0	0	0
Net cash provided by (used in) financing activities
989	1,168	2,197	2,105	2,185	2,207	1,694	1,566	957	2,936	3,756	4,782	5,580	4,908	9,958	8,856	7,356	6,423	3,781	3,583	3,842	3,349	590	908	837	840	213	85	-116	-65	268	108	501	449	0	0	0
Net decrease in cash, cash equivalents and restricted cash
-182	-162	185	169	589	543	357	727	-519	786	726	738	1,081	91	-523	-696	-1,330	-1,044	-48	-16	646	189	417	492	736	759	159	259	-261	-257	83	-24	415	384	0	0	0