Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations

v2.4.1.9
Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Revenues    
LNG terminal revenues $ 67,581lng_LngTerminalRevenues $ 66,419lng_LngTerminalRevenues
Marketing and trading revenues 662us-gaap_SalesRevenueFromEnergyCommoditiesAndServices 657us-gaap_SalesRevenueFromEnergyCommoditiesAndServices
Other 126us-gaap_OtherSalesRevenueNet 474us-gaap_OtherSalesRevenueNet
Total revenues 68,369us-gaap_Revenues [1] 67,550us-gaap_Revenues [1]
Operating costs and expenses    
General and administrative expense 58,017us-gaap_GeneralAndAdministrativeExpense 73,808us-gaap_GeneralAndAdministrativeExpense
Operating and maintenance expense 37,153us-gaap_OperatingCostsAndExpenses 13,687us-gaap_OperatingCostsAndExpenses
Depreciation expense 17,769us-gaap_Depreciation 15,475us-gaap_Depreciation
Development expense 16,096us-gaap_ResearchAndDevelopmentExpense 12,112us-gaap_ResearchAndDevelopmentExpense
Other 332us-gaap_OtherCostAndExpenseOperating 80us-gaap_OtherCostAndExpenseOperating
Total operating costs and expenses 129,367us-gaap_OperatingExpenses 115,162us-gaap_OperatingExpenses
Loss from operations (60,998)us-gaap_OperatingIncomeLoss (47,612)us-gaap_OperatingIncomeLoss
Other income (expense)    
Interest expense, net (59,612)us-gaap_InterestExpense (40,270)us-gaap_InterestExpense
Loss on early extinguishment of debt (88,992)us-gaap_GainsLossesOnExtinguishmentOfDebt 0us-gaap_GainsLossesOnExtinguishmentOfDebt
Derivative loss, net (125,936)us-gaap_GainLossOnDerivativeInstrumentsNetPretax (34,681)us-gaap_GainLossOnDerivativeInstrumentsNetPretax
Other income 372us-gaap_OtherNonoperatingIncomeExpense 310us-gaap_OtherNonoperatingIncomeExpense
Total other expense (274,168)us-gaap_NonoperatingIncomeExpense (74,641)us-gaap_NonoperatingIncomeExpense
Loss before income taxes and non-controlling interest (335,166)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest [2] (122,253)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest [2]
Income tax provision (678)us-gaap_IncomeTaxExpenseBenefit (92)us-gaap_IncomeTaxExpenseBenefit
Net loss (335,844)us-gaap_ProfitLoss (122,345)us-gaap_ProfitLoss
Less: net loss attributable to non-controlling interest (68,135)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest (24,535)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
Net loss attributable to common stockholders $ (267,709)us-gaap_NetIncomeLoss $ (97,810)us-gaap_NetIncomeLoss
Net loss per share attributable to common stockholders—basic and diluted $ (1.18)us-gaap_EarningsPerShareBasicAndDiluted $ (0.44)us-gaap_EarningsPerShareBasicAndDiluted
Weighted average number of common shares outstanding—basic and diluted 226,328us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted 223,207us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted
[1] Substantially all of the LNG terminal revenues relate to regasification capacity reservation fee payments made by Total Gas & Power North America, Inc. and Chevron U.S.A. Inc. LNG and natural gas marketing and trading revenue consists primarily of the domestic marketing of natural gas imported into the Sabine Pass LNG terminal.
[2] Items to reconcile loss from operations and loss before income taxes and non-controlling interest include consolidated other income (expense) amounts as presented on our Consolidated Statements of Operations primarily related to our LNG terminal segment.