Annual report pursuant to Section 13 and 15(d)

Business Segment Information (Tables)

v3.3.1.900
Business Segment Information (Tables)
12 Months Ended
Dec. 31, 2015
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
The following table (in thousands) summarizes revenues (losses), loss from operations and total assets for each of our reporting segments: 
 
Segments
 
LNG Terminal
 
LNG & Natural Gas Marketing
 
Corporate and Other (1)
 
Total
Consolidation
As of or for the Year Ended December 31, 2015
 
 
 
 
 
 

Revenues from external customers (2)
$
269,281

 
$
66

 
$
1,538

 
$
270,885

Intersegment revenues (losses) (3)
2,225

 
29,373

 
(31,598
)
 

Depreciation and amortization expense
65,137

 
1,071

 
16,472

 
82,680

Loss from operations
(69,923
)
 
(85,577
)
 
(293,813
)
 
(449,313
)
Interest expense, net of capitalized interest
(219,831
)
 

 
(102,252
)
 
(322,083
)
Loss before income taxes and non-controlling interest (4)
(596,432
)
 
(87,133
)
 
(413,846
)
 
(1,097,411
)
Share-based compensation
32,948

 
14,401

 
147,959

 
195,308

Goodwill
76,819

 

 

 
76,819

Total assets
17,571,442

 
550,896

 
897,251

 
19,019,589

Expenditures for additions to long-lived assets
6,984,152

 
2,731

 
97,216

 
7,084,099

 
 
 
 
 
 
 

As of or for the Year Ended December 31, 2014
 
 
 
 
 
 
 
Revenues (losses) from external customers (2)
$
267,606

 
$
(1,285
)
 
$
1,633

 
$
267,954

Intersegment revenues (losses) (3)
(779
)
 
41,908

 
(41,129
)
 

Depreciation and amortization expense
58,883

 
271

 
5,104

 
64,258

Loss from operations
(89,790
)
 
(12,993
)
 
(169,396
)
 
(272,179
)
Interest expense, net of capitalized interest
(177,400
)
 

 
(3,836
)
 
(181,236
)
Loss before income taxes and non-controlling interest (4)
(480,366
)
 
(14,874
)
 
(192,494
)
 
(687,734
)
Share-based compensation
14,129

 
6,027

 
90,073

 
110,229

Goodwill
76,819

 

 

 
76,819

Total assets
10,580,612

 
567,460

 
1,425,611

 
12,573,683

Expenditures for additions to long-lived assets
2,684,045

 
1,888

 
161,882

 
2,847,815

 
 
 
 
 
 
 
 
As of or for the Year Ended December 31, 2013
 
 
 
 
 
 
 
Revenues from external customers (2)
$
265,409

 
$
242

 
$
1,562

 
$
267,213

Intersegment revenues (losses) (3)
2,983

 
45,049

 
(48,032
)
 

Depreciation and amortization expense
58,099

 
941

 
2,169

 
61,209

Loss from operations
(121,040
)
 
(47,966
)
 
(159,322
)
 
(328,328
)
Interest expense, net of capitalized interest
(182,003
)
 

 
3,603

 
(178,400
)
Loss before income taxes and non-controlling interest (4)
(350,734
)
 
(48,851
)
 
(154,838
)
 
(554,423
)
Share-based compensation
29,805

 
46,293

 
207,783

 
283,881

Goodwill
76,819

 

 

 
76,819

Total assets
8,663,795

 
62,327

 
947,115

 
9,673,237

Expenditures for additions to long-lived assets
3,222,454

 
39

 
9,778

 
3,232,271

 
(1)
Includes corporate activities, business development, oil and gas exploration, development and exploitation, strategic activities and certain intercompany eliminations. These activities have been included in the corporate and other column due to the lack of a material impact that these activities have on our Consolidated Financial Statements.
(2)
Substantially all of the LNG terminal revenues relate to regasification capacity reservation fee payments made by Total and Chevron. LNG and natural gas marketing and trading revenue consists primarily of the domestic marketing of natural gas imported into the Sabine Pass LNG terminal.
(3)
Intersegment revenues (losses) related to our LNG and natural gas marketing segment are primarily a result of international revenue allocations using a cost plus transfer pricing methodology. These LNG and natural gas marketing segment intersegment revenues (losses) are eliminated with intersegment revenues (losses) in our Consolidated Statements of Operations.
(4)
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.