| Schedule of Segment Reporting Information, by Segment |
The following table (in thousands) summarizes revenues (losses) and income (loss) from operations for each of our reporting segments:
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Segments |
|
LNG Terminal |
|
LNG & Natural Gas Marketing |
|
Corporate and Other (1) |
|
Total
Consolidation
|
Three Months Ended June 30, 2016 |
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|
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|
|
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|
Revenues (losses) from external customers |
$ |
150,977 |
|
|
$ |
43,969 |
|
|
$ |
(18,119 |
) |
|
$ |
176,827 |
|
Intersegment revenues (losses) (2) |
6 |
|
|
7,029 |
|
|
(7,035 |
) |
|
— |
|
Depreciation and amortization expense |
26,711 |
|
|
306 |
|
|
5,764 |
|
|
32,781 |
|
Income (loss) from operations |
10,115 |
|
|
(31,917 |
) |
|
(54,652 |
) |
|
(76,454 |
) |
Interest expense, net of capitalized interest |
(80,127 |
) |
|
— |
|
|
(25,840 |
) |
|
(105,967 |
) |
Loss before income taxes and non-controlling interest (3) |
(210,561 |
) |
|
(31,870 |
) |
|
(92,856 |
) |
|
(335,287 |
) |
Share-based compensation |
7,045 |
|
|
10,257 |
|
|
23,233 |
|
|
40,535 |
|
Expenditures for additions to long-lived assets |
1,089,190 |
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|
1,296 |
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|
3,206 |
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|
1,093,692 |
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Three Months Ended June 30, 2015 |
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Revenues (losses) from external customers |
$ |
68,532 |
|
|
$ |
(706 |
) |
|
$ |
199 |
|
|
$ |
68,025 |
|
Intersegment revenues (losses) (2) |
491 |
|
|
6,354 |
|
|
(6,845 |
) |
|
— |
|
Depreciation and amortization expense |
16,071 |
|
|
244 |
|
|
3,839 |
|
|
20,154 |
|
Loss from operations |
(18,061 |
) |
|
(26,367 |
) |
|
(51,446 |
) |
|
(95,874 |
) |
Interest expense, net of capitalized interest |
(59,465 |
) |
|
— |
|
|
(26,021 |
) |
|
(85,486 |
) |
Loss before income taxes and non-controlling interest (3) |
(33,403 |
) |
|
(26,816 |
) |
|
(82,090 |
) |
|
(142,309 |
) |
Share-based compensation |
25,778 |
|
|
6,052 |
|
|
36,835 |
|
|
68,665 |
|
Expenditures for additions to long-lived assets |
3,944,191 |
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|
1,400 |
|
|
20,874 |
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|
3,966,465 |
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|
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|
Six Months Ended June 30, 2016 |
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Revenues (losses) from external customers |
$ |
216,528 |
|
|
$ |
46,673 |
|
|
$ |
(17,293 |
) |
|
$ |
245,908 |
|
Intersegment revenues (losses) (2) |
924 |
|
|
14,623 |
|
|
(15,547 |
) |
|
— |
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Depreciation and amortization expense |
44,684 |
|
|
621 |
|
|
11,565 |
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|
56,870 |
|
Loss from operations |
(2,434 |
) |
|
(62,464 |
) |
|
(102,115 |
) |
|
(167,013 |
) |
Interest expense, net of capitalized interest |
(131,493 |
) |
|
— |
|
|
(50,811 |
) |
|
(182,304 |
) |
Loss before income taxes and non-controlling interest (3) |
(451,532 |
) |
|
(62,550 |
) |
|
(169,563 |
) |
|
(683,645 |
) |
Share-based compensation |
9,822 |
|
|
15,146 |
|
|
33,092 |
|
|
58,060 |
|
Expenditures for additions to long-lived assets |
2,590,568 |
|
|
1,531 |
|
|
9,652 |
|
|
2,601,751 |
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|
Six Months Ended June 30, 2015 |
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Revenues (losses) from external customers |
$ |
136,112 |
|
|
$ |
(44 |
) |
|
$ |
326 |
|
|
$ |
136,394 |
|
Intersegment revenues (losses) (2) |
594 |
|
|
13,371 |
|
|
(13,965 |
) |
|
— |
|
Depreciation and amortization expense |
31,012 |
|
|
444 |
|
|
6,467 |
|
|
37,923 |
|
Loss from operations |
(42,396 |
) |
|
(31,550 |
) |
|
(82,172 |
) |
|
(156,118 |
) |
Interest expense, net of capitalized interest |
(102,310 |
) |
|
— |
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|
(42,788 |
) |
|
(145,098 |
) |
Loss before income taxes and non-controlling interest (3) |
(311,058 |
) |
|
(32,206 |
) |
|
(134,211 |
) |
|
(477,475 |
) |
Share-based compensation |
28,917 |
|
|
10,087 |
|
|
47,651 |
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|
86,655 |
|
Expenditures for additions to long-lived assets |
4,534,436 |
|
|
2,114 |
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|
49,655 |
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|
4,586,205 |
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(1) |
Includes corporate activities, business development, strategic activities and certain intercompany eliminations. These activities have been included in the corporate and other column. |
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(2) |
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.
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(3) |
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.
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The following table (in thousands) shows total assets for each of our reporting segments:
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June 30, |
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December 31, |
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|
2016 |
|
2015 |
LNG Terminal |
|
$ |
20,130,382 |
|
|
$ |
17,363,750 |
|
LNG & Natural Gas Marketing |
|
540,454 |
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|
550,896 |
|
Corporate and Other |
|
766,015 |
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|
894,407 |
|
Total Consolidation |
|
$ |
21,436,851 |
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|
$ |
18,809,053 |
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