Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations

v3.5.0.2
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues        
Regasification revenues $ 66,970 $ 66,597 $ 198,143 $ 199,888
LNG revenues (losses) 398,554 (1,557) 511,993 (1,601)
Other revenues 149 1,019 1,445 4,166
Total revenues 465,673 66,059 711,581 202,453
Operating costs and expenses        
Cost (cost recovery) of sales (excluding depreciation and amortization expense shown separately below) 252,343 (24,214) 352,559 (22,077)
Operating and maintenance expense 61,610 17,963 143,489 71,396
Development expense 1,546 4,935 4,709 37,640
Selling, general and administrative expense 59,418 97,332 196,999 263,205
Depreciation and amortization expense 49,212 21,638 106,082 59,561
Restructuring expense 26,241 0 49,196 0
Impairment expense 0 396 10,095 572
Other 27 83 189 348
Total operating costs and expenses 450,397 118,133 863,318 410,645
Income (loss) from operations 15,276 [1] (52,074) (151,737) [1] (208,192)
Other income (expense)        
Interest expense, net of capitalized interest (148,053) (93,566) (330,357) (238,664)
Loss on early extinguishment of debt (25,765) 0 (82,537) (96,273)
Derivative gain (loss), net 29,327 (161,482) (242,228) (242,123)
Other income (expense) 437 (39) (5,564) 616
Total other expense (144,054) (255,087) (660,686) (576,444)
Loss before income taxes and non-controlling interest [2] (128,778) (307,161) (812,423) (784,636)
Income tax benefit (provision) (1,638) 69 (1,911) (102)
Net loss (130,416) (307,092) (814,334) (784,738)
Less: net loss attributable to non-controlling interest (29,974) (9,284) (94,636) (100,726)
Net loss attributable to common stockholders $ (100,442) $ (297,808) $ (719,698) $ (684,012)
Net loss per share attributable to common stockholders—basic and diluted $ (0.44) $ (1.31) $ (3.15) $ (3.02)
Weighted average number of common shares outstanding—basic and diluted 228,924 227,126 228,463 226,648
[1] Includes restructuring expense of $23.1 million and $35.3 million for the three and nine months ended September 30, 2016, respectively, in the corporate and other column and $3.1 million and $13.9 million for the three and nine months ended September 30, 2016, respectively, in the LNG and natural gas marketing segment.
[2] Items to reconcile income (loss) from operations and income (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.