Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations

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Consolidated Statements of Operations (USD $)
Share data in Thousands, except Per Share data, unless otherwise specified
 3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Revenues        
LNG terminal revenues $ 65,939,000 $ 68,375,000 $ 199,269,000 $ 205,678,000
Marketing and trading revenues (losses) (292,000) (2,999,000) (1,641,000) 10,055,000
Oil and gas sales 350,000 426,000 1,165,000 2,079,000
Other 1,000 11,000 6,000 42,000
Total revenues 65,998,000 65,813,000 198,799,000 217,854,000
Operating costs and expenses        
General and administrative expense 79,427,000 16,227,000 120,236,000 57,116,000
Depreciation, depletion and amortization 15,233,000 15,271,000 47,001,000 46,282,000
LNG terminal and pipeline operating expense 14,056,000 10,976,000 36,606,000 29,023,000
LNG terminal and pipeline development expense 11,721,000 11,143,000 54,629,000 32,936,000
Other 78,000 1,841,000 244,000 2,117,000
Total operating costs and expenses 120,515,000 55,458,000 258,716,000 167,474,000
Income (loss) from operations (54,517,000) 10,355,000 (59,917,000) 50,380,000
Other income (expense)        
Interest expense, net (45,504,000) (65,125,000) (159,719,000) (193,867,000)
Loss on early extinguishment of debt 0 0   0
Derivative gain (loss) 287,000 (716,000) (288,000) (1,164,000)
Other income (12,081,000) 17,000 (11,500,000) 245,000
Total other expense (57,298,000) (65,824,000) (186,605,000) (194,786,000)
Loss before income taxes and non-controlling interest (111,815,000) (55,469,000) (246,522,000) (144,406,000)
Income tax provision 0 0 0 0
Net loss (111,876,000) (55,469,000) (246,733,000) (144,406,000)
Non-controlling interest 2,875,000 1,533,000 8,277,000 3,459,000
Net loss attributable to common stockholders $ (109,001,000) $ (53,936,000) $ (238,456,000) $ (140,947,000)
Net loss per share attributable to common stockholders - basic and diluted $ (0.52) $ (0.67) $ (1.40) $ (1.94)
Weighted average number of common shares outstanding - basic and diluted 208,712 80,473 170,414 72,739