Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations

v3.3.0.814
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenues        
LNG terminal revenues $ 67,212 $ 66,983 $ 202,698 $ 200,243
Marketing and trading revenues (losses) (1,557) (499) (1,601) 482
Other 404 323 1,356 1,277
Total revenues [1] 66,059 66,807 202,453 202,002
Operating costs and expenses        
Operating and maintenance expense (income) (6,251) 25,908 49,319 69,262
Depreciation expense 21,638 16,189 59,561 48,962
Development expense 4,935 11,544 37,640 38,919
General and administrative expense 97,332 74,255 263,205 215,783
Other 479 75 920 245
Total operating costs and expenses 118,133 127,971 410,645 373,171
Loss from operations (52,074) (61,164) (208,192) (171,169)
Other income (expense)        
Interest expense, net of capitalized interest (93,566) (46,884) (238,664) (130,943)
Loss on early extinguishment of debt 0 0 (96,273) (114,335)
Derivative gain (loss), net (161,482) 5,379 (242,123) (89,222)
Other income (expense) (39) (160) 616 (39)
Total other expense (255,087) (41,665) (576,444) (334,539)
Loss before income taxes and non-controlling interest [2] (307,161) (102,829) (784,636) (505,708)
Income tax benefit (expense) 69 (1,971) (102) (2,147)
Net loss (307,092) (104,800) (784,738) (507,855)
Less: net loss attributable to non-controlling interest (9,284) (15,219) (100,726) (118,536)
Net loss attributable to common stockholders $ (297,808) $ (89,581) $ (684,012) $ (389,319)
Net loss per share attributable to common stockholders—basic and diluted $ (1.31) $ (0.40) $ (3.02) $ (1.74)
Weighted average number of common shares outstanding—basic and diluted 227,126 224,309 226,648 223,710
[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.