Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations

v3.4.0.3
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenues    
Regasification revenues $ 65,551 $ 66,802
LNG revenues 2,704 662
Other revenues 826 905
Total revenues [1] 69,081 68,369
Operating costs and expenses    
Cost of sales (excluding depreciation and amortization expense shown separately below) 14,507 693
Operating and maintenance expense 36,317 35,706
Development expense 1,547 16,096
Marketing expense 24,978 13,046
General and administrative expense 47,924 44,971
Depreciation and amortization expense 24,089 17,769
Impairment expense 10,166 176
Other 112 156
Total operating costs and expenses 159,640 128,613
Loss from operations (90,559) (60,244)
Other income (expense)    
Interest expense, net of capitalized interest (76,337) (59,612)
Loss on early extinguishment of debt (1,457) (88,992)
Derivative loss, net (180,934) (126,690)
Other income 929 372
Total other expense (257,799) (274,922)
Loss before income taxes and non-controlling interest [2] (348,358) (335,166)
Income tax provision (616) (678)
Net loss (348,974) (335,844)
Less: net loss attributable to non-controlling interest (28,136) (68,135)
Net loss attributable to common stockholders $ (320,838) $ (267,709)
Net loss per share attributable to common stockholders—basic and diluted $ (1.41) $ (1.18)
Weighted average number of common shares outstanding—basic and diluted 228,138 226,328
[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.