CQP: the cash flow

MyFinsight

For the year ending 2025-12-31, CQP had -$178M decrease in cash & cash equivalents over the period. $2,569M in free cash flow.

Cash Flow	2025-12-31
Net income	2,987
Depreciation and amortization expense	688
Amortization of discount and debt issuance costs	23
Total gains on derivative instruments, net	741
Net cash provided by (used for) settlement of derivative instruments	17
Other, net	-26
Trade and other receivables	131
Trade and other receivablesaffiliate	74
Trade receivablesrelated party	-1
Advances to affiliates	48
Inventory	30
Accounts payable and accrued liabilities	160
Accounts payable and accrued liabilitiesrelated party	-5
Total deferred revenue	-12
Other, net	53
Other, netaffiliate	6
Net cash provided by operating activities	2,768
Property, plant and equipment	199
Other, net	5
Net cash used in investing activities	-204
Proceeds from issuances of debt and borrowings	1,262
Redemptions and repayments of debt	1,917
Distributions	2,064
Other	-23
Net cash used in financing activities	-2,742
Net decrease in cash, cash equivalents and restricted cash and cash equivalents	-178
Cash, cash equivalentsbeginning of period	379
Cash, cash equivalentsend of period	201

Unit: Million (M) dollars (except for numbers of shares and EPS).