Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities    
Net loss $ (477,646) $ (403,055)
Adjustments to reconcile net loss to net cash used in operating activities:    
Loss on early extinguishment of debt 96,273 114,335
Depreciation expense 37,923 32,773
Amortization of debt issuance costs and discount 24,900 5,639
Share-based compensation 66,378 62,013
Non-cash LNG inventory write-downs 17,366 14,978
Total losses on derivatives, net 80,198 94,859
Net cash used for settlement of derivative instruments (88,934) (17,437)
Other 29,133 (1,826)
Changes in restricted cash for certain operating activities (55,410) 82,927
Changes in operating assets and liabilities:    
Accounts and interest receivable (2,396) 461
Accounts payable and accrued liabilities 42,101 22,856
LNG inventory (27,026) (14,376)
Deferred revenue (1,985) (1,955)
Other, net (35,830) (3,533)
Net cash used in operating activities (294,955) (11,341)
Cash flows from investing activities    
Property, plant and equipment, net (4,294,814) (1,352,400)
Use of restricted cash for the acquisition of property, plant and equipment 4,183,620 1,303,011
Other (101,836) (5,894)
Net cash used in investing activities (213,030) (55,283)
Cash flows from financing activities    
Proceeds from issuances of long-term debt 5,205,000 2,584,500
Investment in restricted cash (4,518,880) (2,282,903)
Debt issuance and deferred financing costs (411,149) (85,367)
Distributions and dividends to non-controlling interest (40,121) (39,644)
Repayments of long-term debt 0 (177,000)
Payments related to tax withholdings for share-based compensation (6,174) (9,218)
Proceeds from exercise of stock options 1,914 6,265
Other 19 (964)
Net cash provided by (used in) financing activities 230,609 (4,331)
Net decrease in cash and cash equivalents (277,376) (70,955)
Cash and cash equivalents—beginning of period 1,747,583 960,842
Cash and cash equivalents—end of period $ 1,470,207 $ 889,887