|
Schedule I—Condensed Financial Information of Registrant (Tables)
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12 Months Ended |
|
Dec. 31, 2014
|
| Condensed Financial Statements, Captions [Line Items] |
|
| Schedule of Cash Flow, Supplemental Disclosures |
The following table provides supplemental disclosure of cash flow information (in thousands):
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Year Ended December 31, |
|
|
2014 |
|
2013 |
|
2012 |
Cash paid during the year for interest, net of amounts capitalized and deferred |
|
$ |
130,578 |
|
|
$ |
120,908 |
|
|
$ |
200,323 |
|
Balance in property, plant and equipment, net funded with accounts payable and accrued liabilities |
|
129,842 |
|
|
154,517 |
|
|
99,751 |
|
|
| Parent Company [Member] |
|
| Condensed Financial Statements, Captions [Line Items] |
|
| Condensed Balance Sheets |
CHENIERE ENERGY, INC.
CONDENSED BALANCE SHEETS
(in thousands)
|
|
|
|
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|
|
|
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December 31, |
|
2014 |
|
2013 |
ASSETS |
|
|
|
|
Non-current restricted cash and cash equivalents |
$ |
5,847 |
|
|
$ |
5,844 |
|
Property, plant and equipment |
2,596 |
|
|
— |
|
Debt receivable—affiliates |
809,416 |
|
|
775,202 |
|
Other |
414 |
|
|
— |
|
Investments in affiliates |
|
|
|
Cheniere’s investment in affiliates |
(25,169 |
) |
|
(475,957 |
) |
Non-controlling interest investments in affiliates |
2,665,694 |
|
|
2,660,380 |
|
Investment in affiliates, net |
2,640,525 |
|
|
2,184,423 |
|
Total assets |
$ |
3,458,798 |
|
|
$ |
2,965,469 |
|
|
|
|
|
LIABILITIES AND STOCKHOLDERS’ EQUITY |
|
|
|
Current accrued liabilities |
$ |
8,086 |
|
|
$ |
104 |
|
Current debt—affiliate |
134,444 |
|
|
125,307 |
|
Long-term debt, net |
814,751 |
|
|
— |
|
|
|
|
|
Commitments and contingencies |
|
|
|
|
|
|
|
|
Stockholders’ equity (deficit) |
(164,177 |
) |
|
179,678 |
|
Non-controlling interest |
2,665,694 |
|
|
2,660,380 |
|
Total liabilities and stockholders’ equity |
$ |
3,458,798 |
|
|
$ |
2,965,469 |
|
|
| Condensed Statements of Operations and Comprehensive Loss |
CONDENSED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
(in thousands)
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|
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|
|
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Year Ended December 31, |
|
2014 |
|
2013 |
|
2012 |
Operating costs and expenses |
$ |
8,223 |
|
|
$ |
55 |
|
|
$ |
36 |
|
|
|
|
|
|
|
Interest expense, net |
(4,205 |
) |
|
— |
|
|
(12,883 |
) |
Interest expense, net—affiliates |
(9,137 |
) |
|
(9,137 |
) |
|
(9,137 |
) |
Interest income |
3 |
|
|
— |
|
|
— |
|
Interest income—affiliates |
34,213 |
|
|
34,213 |
|
|
34,213 |
|
Equity losses of affiliates |
|
|
|
|
|
Equity losses of affiliates attributable to Cheniere |
(416,638 |
) |
|
(532,942 |
) |
|
(344,937 |
) |
Equity losses of affiliates attributable to non-controlling interest |
(143,945 |
) |
|
(50,841 |
) |
|
(12,861 |
) |
Net loss |
$ |
(547,932 |
) |
|
$ |
(558,762 |
) |
|
$ |
(345,641 |
) |
|
|
|
|
|
|
Other comprehensive income (loss) |
— |
|
|
27,351 |
|
|
(27,093 |
) |
Comprehensive loss attributable to non-controlling interest |
— |
|
|
48,809 |
|
|
12,861 |
|
Comprehensive loss |
$ |
(547,932 |
) |
|
$ |
(482,602 |
) |
|
$ |
(359,873 |
) |
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| Condensed Statements of Cash Flows |
CONDENSED STATEMENTS OF CASH FLOWS
(in thousands)
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Year Ended December 31, |
|
|
2014 |
|
2013 |
|
2012 |
Net cash used in operating activities |
|
$ |
(240 |
) |
|
$ |
(5,796 |
) |
|
$ |
(6,699 |
) |
|
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|
|
|
|
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Cash flows from investing activities |
|
|
|
|
|
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|
|
|
Investments in affiliates |
|
(901,329 |
) |
|
139,494 |
|
|
(968,962 |
) |
Net cash provided by (used in) investing activities |
|
(901,329 |
) |
|
139,494 |
|
|
(968,962 |
) |
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|
|
|
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Cash flows from financing activities |
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|
|
|
|
|
|
|
|
Proceeds from issuance of long-term debt |
|
1,000,000 |
|
|
— |
|
|
— |
|
Proceeds from sale of common stock, net |
|
— |
|
|
3,628 |
|
|
1,200,705 |
|
Payments related to tax withholdings for share-based compensation |
|
(112,324 |
) |
|
(140,711 |
) |
|
(20,414 |
) |
Repayments of long-term debt |
|
— |
|
|
— |
|
|
(204,630 |
) |
Excess tax benefit from share-based compensation |
|
3,605 |
|
|
3,385 |
|
|
— |
|
Proceeds from exercise of stock options |
|
10,806 |
|
|
— |
|
|
— |
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Other |
|
(518 |
) |
|
— |
|
|
— |
|
Net cash provided by (used in) financing activities |
|
901,569 |
|
|
(133,698 |
) |
|
975,661 |
|
|
|
|
|
|
|
|
Net decrease in cash and cash equivalents |
|
— |
|
|
— |
|
|
— |
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Cash and cash equivalents—beginning of period |
|
— |
|
|
— |
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|
— |
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Cash and cash equivalents—end of period |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
| Schedule of Debt |
As of December 31, 2014 and 2013, our debt consisted of the following (in thousands):
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December 31, |
|
|
2014 |
|
2013 |
|
|
|
|
|
Note—Affiliate |
|
$ |
134,444 |
|
|
$ |
125,307 |
|
|
| Schedule of Cash Flow, Supplemental Disclosures |
SUPPLEMENTAL CASH FLOW INFORMATION
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Year Ended December 31, |
|
|
2014 |
|
2013 |
|
2012 |
|
|
(in thousands) |
Non-cash capital contributions (1) |
|
$ |
(560,583 |
) |
|
$ |
(583,788 |
) |
|
$ |
(357,798 |
) |
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|
(1) |
Amounts represent equity losses of affiliates and non-controlling interest not funded by Cheniere. |
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