Cheniere Energy Inc
For the period ended Dec 31, 2023. Filed Feb 22, 2024.
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FY2023 · Filed Feb 22, 2024
LNG$293.49+3.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
(in millions)
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Cash flows from operating activities | |||
| Net income (loss) | $12,059 | $2,635 | $(1,565) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||
| Unrealized foreign currency exchange gain, net | (2) | (5) | — |
| Depreciation and amortization expense | 1,196 | 1,119 | 1,011 |
| Share-based compensation expense | 250 | 205 | 140 |
| Amortization of debt issuance costs, premium and discount | 44 | 57 | 72 |
| Reduction of right-of-use assets | 623 | 607 | 393 |
| Loss (gain) on modification or extinguishment of debt | (15) | 66 | 116 |
| Total losses (gains) on derivative instruments, net | (7,890) | 6,531 | 5,989 |
| Net cash used for settlement of derivative instruments | (79) | (904) | (1,579) |
| Deferred taxes | 2,389 | 440 | (715) |
| Repayment of paid-in-kind interest related to repurchase of convertible notes | — | (13) | (190) |
| Other, net | 20 | 92 | 52 |
| Changes in operating assets and liabilities: | |||
| Trade and other receivables | 840 | (502) | (799) |
| Inventory | 377 | (123) | (409) |
| Margin deposits | 116 | 631 | (741) |
| Accounts payable and accrued liabilities | (982) | 250 | 1,144 |
| Total deferred revenue | 3 | 124 | 55 |
| Total operating lease liabilities | (607) | (622) | (418) |
| Other, net | 76 | (65) | (87) |
| Net cash provided by operating activities | 8,418 | 10,523 | 2,469 |
| Cash flows from investing activities | |||
| Property, plant and equipment, net | (2,121) | (1,830) | (966) |
| Proceeds from sale of property, plant and equipment | — | 1 | 68 |
| Investment in equity method investments | (61) | (15) | — |
| Other, net | (20) | — | (14) |
| Net cash used in investing activities | (2,202) | (1,844) | (912) |
| Cash flows from financing activities | |||
| Proceeds from issuances of debt | 1,397 | 1,575 | 5,911 |
| Redemptions, repayments and repurchases of debt | (2,598) | (6,771) | (6,810) |
| Distributions to non-controlling interest | (1,016) | (947) | (649) |
| Payments related to tax withholdings for share-based compensation | (63) | (63) | (48) |
| Repurchase of common stock | (1,473) | (1,373) | (9) |
| Dividends to stockholders | (393) | (349) | (85) |
| Other, net | (34) | (86) | (127) |
| Net cash used in financing activities | (4,180) | (8,014) | (1,817) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash and cash equivalents | 2 | 5 | — |
| Net increase (decrease) in cash, cash equivalents and restricted cash and cash equivalents | 2,038 | 670 | (260) |
| Cash, cash equivalents and restricted cash and cash equivalents—beginning of period | 2,487 | 1,817 | 2,077 |
| Cash, cash equivalents and restricted cash and cash equivalents—end of period | $4,525 | $2,487 | $1,817 |
Balances per Consolidated Balance Sheets:
| December 31, 2023 | December 31, 2022 | |
|---|---|---|
| Cash and cash equivalents | $4,066 | $1,353 |
| Restricted cash and cash equivalents | 459 | 1,134 |
| Total cash, cash equivalents and restricted cash and cash equivalents | $4,525 | $2,487 |
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