Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

v2.4.1.9
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Cash flows from operating activities    
Net loss $ (335,844)us-gaap_ProfitLoss $ (122,345)us-gaap_ProfitLoss
Adjustments to reconcile net loss to net cash used in operating activities:    
Use of (investment in) restricted cash and cash equivalents for certain operating activities 75,233us-gaap_IncreaseDecreaseInRestrictedCashForOperatingActivities (16,329)us-gaap_IncreaseDecreaseInRestrictedCashForOperatingActivities
Loss on early extinguishment of debt 88,992us-gaap_WriteOffOfDeferredDebtIssuanceCost 0us-gaap_WriteOffOfDeferredDebtIssuanceCost
Depreciation expense 17,769us-gaap_Depreciation 15,475us-gaap_Depreciation
Amortization of debt issuance costs and discount 9,116us-gaap_AmortizationOfFinancingCostsAndDiscounts 2,217us-gaap_AmortizationOfFinancingCostsAndDiscounts
Share-based compensation 16,140us-gaap_AllocatedShareBasedCompensationExpense 35,942us-gaap_AllocatedShareBasedCompensationExpense
Non-cash LNG inventory write-downs 17,502us-gaap_InventoryWriteDown 0us-gaap_InventoryWriteDown
Total losses on derivatives, net 126,183us-gaap_UnrealizedGainLossOnDerivatives 34,323us-gaap_UnrealizedGainLossOnDerivatives
Net cash used for settlement of derivative instruments (37,262)us-gaap_GainLossOnSaleOfDerivatives (1,469)us-gaap_GainLossOnSaleOfDerivatives
Other 8,803us-gaap_OtherNoncashIncomeExpense 1,006us-gaap_OtherNoncashIncomeExpense
Changes in operating assets and liabilities:    
Accounts and interest receivable (28,083)us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables 600us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables
Accounts payable and accrued liabilities 73,002us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities 43,379us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
LNG inventory (29,491)us-gaap_IncreaseDecreaseInInventories 3,001us-gaap_IncreaseDecreaseInInventories
Deferred revenue (1,003)us-gaap_IncreaseDecreaseInDeferredRevenue (830)us-gaap_IncreaseDecreaseInDeferredRevenue
Other, net (15,237)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets (13,189)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Net cash provided by (used in) operating activities (14,180)us-gaap_NetCashProvidedByUsedInOperatingActivities (18,219)us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash flows from investing activities    
Property, plant and equipment, net (590,998)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (773,376)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Use of restricted cash and cash equivalents for the acquisition of property, plant and equipment 572,623us-gaap_IncreaseDecreaseInRestrictedCash 761,858us-gaap_IncreaseDecreaseInRestrictedCash
Other (46,164)us-gaap_PaymentsForProceedsFromOtherInvestingActivities (12,495)us-gaap_PaymentsForProceedsFromOtherInvestingActivities
Net cash used in investing activities (64,539)us-gaap_NetCashProvidedByUsedInInvestingActivities (24,013)us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash flows from financing activities    
Proceeds from issuances of long-term debt 2,500,000us-gaap_ProceedsFromIssuanceOfLongTermDebt 0us-gaap_ProceedsFromIssuanceOfLongTermDebt
Use of (investment in) restricted cash and cash equivalents (1,929,288)us-gaap_ProceedsFromRepaymentsOfRestrictedCashFinancingActivities 33,743us-gaap_ProceedsFromRepaymentsOfRestrictedCashFinancingActivities
Debt issuance and deferred financing costs (58,395)us-gaap_PaymentsOfDebtIssuanceCosts (13,957)us-gaap_PaymentsOfDebtIssuanceCosts
Distributions and dividends to non-controlling interest (20,050)us-gaap_PaymentsToMinorityShareholders (19,786)us-gaap_PaymentsToMinorityShareholders
Payments related to tax withholdings for share-based compensation (3,771)us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation (7,742)us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation
Proceeds from exercise of stock options 958us-gaap_ProceedsFromStockOptionsExercised 3,691us-gaap_ProceedsFromStockOptionsExercised
Other 20us-gaap_ProceedsFromPaymentsForOtherFinancingActivities 44us-gaap_ProceedsFromPaymentsForOtherFinancingActivities
Net cash provided by (used in) financing activities 489,474us-gaap_NetCashProvidedByUsedInFinancingActivities (4,007)us-gaap_NetCashProvidedByUsedInFinancingActivities
Net increase (decrease) in cash and cash equivalents 410,755us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (46,239)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents—beginning of period 1,747,583us-gaap_CashAndCashEquivalentsAtCarryingValue 960,842us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents—end of period $ 2,158,338us-gaap_CashAndCashEquivalentsAtCarryingValue $ 914,603us-gaap_CashAndCashEquivalentsAtCarryingValue