Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

v3.5.0.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities    
Net loss $ (683,918) $ (477,646)
Adjustments to reconcile net loss to net cash used in operating activities:    
Non-cash LNG inventory write-downs 0 17,366
Depreciation and amortization expense 56,870 37,923
Share-based compensation 51,724 66,378
Amortization of debt issuance costs and discount 26,906 24,900
Loss on early extinguishment of debt 56,772 96,273
Total losses on derivatives, net 295,917 80,198
Net cash used for settlement of derivative instruments (16,798) (88,934)
Impairment expense 10,095 176
Other 8,811 28,957
Changes in restricted cash for certain operating activities 151,676 (55,410)
Changes in operating assets and liabilities:    
Accounts and other receivables (67,760) (2,396)
Inventory (34,003) (28,919)
Accounts payable and accrued liabilities (14,226) 42,101
Deferred revenue (1,960) (1,985)
Other, net 15,860 (33,937)
Net cash used in operating activities (144,034) (294,955)
Cash flows from investing activities    
Property, plant and equipment, net (2,277,469) (4,294,814)
Use of restricted cash for the acquisition of property, plant and equipment 2,279,835 4,183,620
Other (21,623) (101,836)
Net cash used in investing activities (19,257) (213,030)
Cash flows from financing activities    
Proceeds from issuances of debt 5,698,219 5,205,000
Repayments of debt (2,892,965) 0
Debt issuance and deferred financing costs (97,215) (411,149)
Investment in restricted cash (2,652,576) (4,518,880)
Distributions and dividends to non-controlling interest (40,164) (40,121)
Proceeds from exercise of stock options 0 1,914
Payments related to tax withholdings for share-based compensation (3,564) (6,174)
Other (78) 19
Net cash provided by financing activities 11,657 230,609
Net decrease in cash and cash equivalents (151,634) (277,376)
Cash and cash equivalents—beginning of period 1,201,112 1,747,583
Cash and cash equivalents—end of period $ 1,049,478 $ 1,470,207