Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash flows from operating activities    
Net loss $ (129,455) $ (87,010)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation, depletion and amortization 31,768 31,011
Loss on early extinguishment of debt 15,097 0
Purchase of Crest Royalty, net of amortization (25,664) 0
Non-cash interest expense on 2008 Loans 0 15,627
Amortization of debt issuance and discount costs 14,287 14,093
Non-cash compensation 4,248 14,352
Non-controlling interest (5,401) (1,927)
Use of (investment in) restricted cash and cash equivalents 21,978 (9,090)
Other (1,634) (206)
Changes in operating assets and liabilities:    
Accounts and interest receivable (1,681) 1,766
Accounts payable and accrued liabilities (19,648) 2,046
LNG inventory, net 4,243 (3,376)
Deferred revenue (3,480) (2,723)
Prepaid expenses and other 405 (4,085)
Net cash used in operating activities (94,937) (29,522)
Cash flows from investing activities    
Use of restricted cash and cash equivalents 214,174 5,473
Investment in Cheniere Partners (170,253) 0
LNG Terminal and pipeline construction-in-process, net (38,985) (5,480)
Purchase of intangible and fixed assets, net of sales (2,301) (283)
Other (6,080) (575)
Net cash provided by (used in) investing activities (3,445) (865)
Cash flows from financing activities    
Sale of common stock, net 819,686 123,305
Repurchases and prepayments of debt (571,884) 0
Use of (investment in) restricted cash and cash equivalents (455,033) 4,154
Sale of common units by Cheniere Partners 8,793 8,978
Distributions to non-controlling interest (16,330) (13,306)
Purchase of treasury shares (1,893) (2)
Deferred financing costs (5,530) 0
Other (702) (4,342)
Net cash provided by (used in) financing activities (222,893) 118,787
Net increase (decrease) in cash and cash equivalents (321,275) 88,400
Cash and cash equivalents—beginning of period 459,160 74,161
Cash and cash equivalents—end of period $ 137,885 $ 162,561