Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

v2.4.0.6
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Cash flows from operating activities    
Net loss $ (56,415) $ (39,838)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation, depletion and amortization 16,290 15,386
Loss on early extinguishment of debt 507 0
Purchase of Crest Royalty, net of amortization (25,664) 0
Non-cash interest expense on 2008 Loans 0 7,695
Amortization of debt issuance and discount costs 7,165 6,984
Non-cash compensation 2,289 8,011
Non-controlling interest (2,438) (641)
Use of restricted cash and cash equivalents (26,830) (39,725)
Other (2,634) (152)
Changes in operating assets and liabilities:    
Accounts and interest receivable 1,169 (28,289)
Accounts payable and accrued liabilities 17,516 36,719
LNG inventory, net 3,269 (8,389)
Deferred revenue (1,104) (1,384)
Prepaid expenses and other (1,816) (5,621)
Net cash used in operating activities (68,696) (49,244)
Cash flows from investing activities    
Investment in Cheniere Partners (60) 0
LNG Terminal and pipeline construction-in-process, net (270) (2,214)
Use of restricted cash and cash equivalents 784 2,263
Other (2,499) (181)
Net cash used in investing activities (2,045) (132)
Cash flows from financing activities    
Sale of common stock, net 351,907 0
Repurchases and prepayments of debt (298,000) 0
Sale of common units by Cheniere Partners 2,843 1,515
Use of restricted cash and cash equivalents 5,249 5,085
Distributions to non-controlling interest (8,092) (6,600)
Purchase of treasury shares (1,798) 0
Other (701) (312)
Net cash provided by (used in) financing activities 51,408 (312)
Net decrease in cash and cash equivalents (19,333) (49,688)
Cash and cash equivalents—beginning of period 459,160 74,161
Cash and cash equivalents—end of period $ 439,827 $ 24,473