Quarterly report pursuant to Section 13 or 15(d)

Business Segment Information (Tables)

v3.4.0.3
Business Segment Information (Tables)
3 Months Ended
Mar. 31, 2016
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
The following table (in thousands) summarizes revenues (losses) and loss from operations for each of our reporting segments: 
 
Segments
 
LNG Terminal
 
LNG & Natural Gas Marketing
 
Corporate and Other (1)
 
Total
Consolidation
Three Months Ended March 31, 2016
 
 
 
 
 
 

Revenues from external customers (2)
$
65,551

 
$
2,704

 
$
826

 
$
69,081

Intersegment revenues (losses) (3)
918

 
7,594

 
(8,512
)
 

Depreciation and amortization expense
17,973

 
315

 
5,801

 
24,089

Loss from operations
(12,549
)
 
(30,547
)
 
(47,463
)
 
(90,559
)
Interest expense, net of capitalized interest
(51,366
)
 

 
(24,971
)
 
(76,337
)
Loss before income taxes and non-controlling interest (4)
(240,971
)
 
(30,680
)
 
(76,707
)
 
(348,358
)
Share-based compensation
2,777

 
4,889

 
9,859

 
17,525

Expenditures for additions to long-lived assets
1,501,378

 
235

 
6,446

 
1,508,059

 
 
 
 
 
 
 

Three Months Ended March 31, 2015
 
 
 
 
 
 
 
Revenues from external customers (2)
$
66,802

 
$
662

 
$
905

 
$
68,369

Intersegment revenues (losses) (3)
103

 
7,017

 
(7,120
)
 

Depreciation and amortization expense
14,941

 
200

 
2,628

 
17,769

Loss from operations
(24,335
)
 
(5,183
)
 
(30,726
)
 
(60,244
)
Interest expense, net of capitalized interest
(42,845
)
 

 
(16,767
)
 
(59,612
)
Loss before income taxes and non-controlling interest (4)
(277,655
)
 
(5,390
)
 
(52,121
)
 
(335,166
)
Share-based compensation
3,197

 
4,035

 
10,759

 
17,991

Expenditures for additions to long-lived assets
590,245

 
714

 
28,781

 
619,740

 
(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 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.
(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.

The following table (in thousands) shows total assets for each of our reporting segments: 
 
 
March 31,
 
December 31,
 
 
2016
 
2015
LNG Terminal
 
$
19,068,923

 
$
17,363,750

LNG & Natural Gas Marketing
 
549,509

 
550,896

Corporate and Other
 
812,515

 
894,407

Total Consolidation
 
$
20,430,947

 
$
18,809,053