Cheniere Energy Inc
For the period ended Mar 31, 2024. Filed May 3, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 3, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
CONSOLIDATED BALANCE SHEETS (1)
(in millions, except share data)
| March 31, | December 31, | |
|---|---|---|
| 2024 | 2023 | |
| (unaudited) | ||
| ASSETS | ||
| Current assets | ||
| Cash and cash equivalents | $4,411 | $4,066 |
| Restricted cash and cash equivalents | 427 | 459 |
| Trade and other receivables, net of current expected credit losses | 675 | 1,106 |
| Inventory | 363 | 445 |
| Current derivative assets | 122 | 141 |
| Margin deposits | 34 | 18 |
| Other current assets, net | 77 | 96 |
| Total current assets | 6,109 | 6,331 |
| Property, plant and equipment, net of accumulated depreciation | 32,705 | 32,456 |
| Operating lease assets | 2,924 | 2,641 |
| Derivative assets | 367 | 863 |
| Deferred tax assets | 27 | 26 |
| Other non-current assets, net | 779 | 759 |
| Total assets | $42,911 | $43,076 |
| LIABILITIES, REDEEMABLE NON-CONTROLLING INTEREST AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities | ||
| Accounts payable | $102 | $181 |
| Accrued liabilities | 1,097 | 1,780 |
| Current debt, net of unamortized debt issuance costs | 3,633 | 300 |
| Deferred revenue | 125 | 179 |
| Current operating lease liabilities | 678 | 655 |
| Current derivative liabilities | 536 | 750 |
| Other current liabilities | 41 | 43 |
| Total current liabilities | 6,212 | 3,888 |
| Long-term debt, net of unamortized discount and debt issuance costs | 21,401 | 23,397 |
| Operating lease liabilities | 2,247 | 1,971 |
| Finance lease liabilities | 458 | 467 |
| Derivative liabilities | 2,359 | 2,378 |
| Deferred tax liabilities | 1,534 | 1,545 |
| Other non-current liabilities | 402 | 410 |
| Total liabilities | 34,613 | 34,056 |
| Redeemable non-controlling interest | 4 | — |
| Stockholders’ equity | ||
| Preferred stock: $0.0001 par value, 5.0 million shares authorized, none issued | — | — |
| Common stock: $0.003 par value, 480.0 million shares authorized; 278.5 million shares and 277.9 million shares issued at March 31, 2024 and December 31, 2023, respectively | 1 | 1 |
| Treasury stock: 48.4 million shares and 40.9 million shares at March 31, 2024 and December 31, 2023, respectively, at cost | (5,067) | (3,864) |
| Additional paid-in-capital | 4,371 | 4,377 |
| Retained earnings | 4,945 | 4,546 |
| Total Cheniere stockholders’ equity | 4,250 | 5,060 |
| Non-controlling interest | 4,044 | 3,960 |
| Total stockholders’ equity | 8,294 | 9,020 |
| Total liabilities, redeemable non-controlling interest and stockholders’ equity | $42,911 | $43,076 |
(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 7—Non-controlling Interests and Variable Interest Entities. As of March 31, 2024, total assets and liabilities of our VIEs were $17.4 billion and $18.3 billion, respectively, including $333 million of cash and cash equivalents and $64 million of restricted cash and cash equivalents.
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