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
 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities    
Net loss $ (784,738) $ (507,855)
Adjustments to reconcile net loss to net cash used in operating activities:    
Non-cash LNG inventory write-downs 17,826 23,505
Depreciation expense 59,561 48,962
Share-based compensation 90,412 84,449
Amortization of debt issuance costs and discount (premium) 36,782 10,971
Loss on early extinguishment of debt 96,273 114,335
Total losses on derivatives, net 208,769 89,286
Net cash used for settlement of derivative instruments (94,170) (19,745)
Other 1,406 (1,975)
Changes in restricted cash for certain operating activities 92,589 102,851
Changes in operating assets and liabilities:    
Accounts and interest receivable (2,226) (18,899)
LNG inventory (22,564) (26,908)
Accounts payable and accrued liabilities 10,656 62,797
Deferred revenue (3,003) (2,955)
Other, net 17,850 131
Net cash used in operating activities (274,577) (41,050)
Cash flows from investing activities    
Property, plant and equipment, net (5,747,596) (2,047,957)
Use of restricted cash for the acquisition of property, plant and equipment 5,330,526 1,980,436
Other (111,518) (24,113)
Net cash used in investing activities (528,588) (91,634)
Cash flows from financing activities    
Proceeds from issuances of long-term debt 6,178,000 2,584,500
Repayments of long-term debt 0 (177,000)
Debt issuance and deferred financing costs (519,699) (94,220)
Investment in restricted cash (5,161,701) (2,254,733)
Distributions and dividends to non-controlling interest (60,154) (59,478)
Proceeds from exercise of stock options 2,279 9,502
Payments related to tax withholdings for share-based compensation (44,305) (44,516)
Other 1,424 (557)
Net cash provided by (used in) financing activities 395,844 (36,502)
Net decrease in cash and cash equivalents (407,321) (169,186)
Cash and cash equivalents—beginning of period 1,747,583 960,842
Cash and cash equivalents—end of period $ 1,340,262 $ 791,656