| Schedule of Segment Reporting Information, by Segment |
The following table summarizes revenues, net income (loss) from operations and total assets for each of our operating segments (in thousands):
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Segments |
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LNG Terminal |
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Natural
Gas Pipeline
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LNG & Natural Gas Marketing |
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Corporate and Other (1) |
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Total
Consolidation
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As of or for the three months ended September 30, 2012 |
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Revenues |
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69,818 |
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50 |
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2,661 |
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(6,531 |
) |
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65,998 |
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Intersegment revenues (losses) (2) (3) |
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3,879 |
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50 |
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2,953 |
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(6,882 |
) |
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— |
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Depreciation, depletion and amortization |
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10,728 |
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3,838 |
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|
256 |
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|
411 |
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15,233 |
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Non-cash compensation |
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5,206 |
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1,299 |
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9,256 |
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36,104 |
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|
51,865 |
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Income (loss) from operations |
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(7,503 |
) |
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(8,943 |
) |
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(16,462 |
) |
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(21,609 |
) |
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(54,517 |
) |
Interest expense, net |
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(43,638 |
) |
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(11,695 |
) |
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12 |
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9,817 |
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(45,504 |
) |
Goodwill |
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76,819 |
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— |
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— |
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— |
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76,819 |
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Total assets |
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3,608,018 |
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528,556 |
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42,308 |
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204,843 |
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4,383,725 |
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Expenditures for additions to long-lived assets |
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883,798 |
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— |
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(6 |
) |
|
696 |
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884,488 |
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As of or for the three months ended September 30, 2011 |
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Revenues |
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68,375 |
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11 |
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(2,999 |
) |
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426 |
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65,813 |
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Intersegment revenues (losses) (2) (3) |
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1,238 |
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9 |
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(1,154 |
) |
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(93 |
) |
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— |
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Depreciation, depletion and amortization |
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10,869 |
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3,717 |
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|
328 |
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|
357 |
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15,271 |
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Non-cash compensation |
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403 |
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104 |
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(430 |
) |
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2,201 |
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|
2,278 |
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Income (loss) from operations |
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38,383 |
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(7,194 |
) |
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(12,482 |
) |
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(8,352 |
) |
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10,355 |
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Interest expense, net |
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(43,318 |
) |
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(11,543 |
) |
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— |
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(10,264 |
) |
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(65,125 |
) |
Goodwill |
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76,819 |
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— |
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— |
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— |
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76,819 |
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Total assets |
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1,937,126 |
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541,559 |
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63,108 |
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109,650 |
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2,651,443 |
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Expenditures for additions to long-lived assets |
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1,450 |
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30 |
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— |
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|
112 |
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1,592 |
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For the nine months ended September 30, 2012 |
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Revenues |
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206,142 |
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|
107 |
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|
977 |
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(8,427 |
) |
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198,799 |
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Intersegment revenues (losses) (2) (3) |
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6,872 |
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|
101 |
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2,618 |
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(9,591 |
) |
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— |
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Depreciation, depletion and amortization |
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32,128 |
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11,682 |
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1,815 |
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1,376 |
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|
47,001 |
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Non-cash compensation |
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5,591 |
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1,373 |
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10,657 |
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38,492 |
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56,113 |
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Income (loss) from operations |
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27,873 |
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(20,636 |
) |
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(31,788 |
) |
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(35,366 |
) |
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(59,917 |
) |
Interest expense, net |
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(130,554 |
) |
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(34,697 |
) |
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12 |
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5,520 |
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(159,719 |
) |
Expenditures for additions to long-lived assets |
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931,535 |
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7 |
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1,659 |
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1,192 |
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934,393 |
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For the nine months ended September 30, 2011 |
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Revenues |
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205,678 |
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42 |
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10,055 |
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|
2,079 |
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217,854 |
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Intersegment revenues (losses) (2) (3) |
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12,452 |
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34 |
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(12,010 |
) |
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(476 |
) |
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— |
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Depreciation, depletion and amortization |
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32,554 |
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11,214 |
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|
847 |
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1,667 |
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46,282 |
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Non-cash compensation |
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1,609 |
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|
445 |
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5,232 |
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9,343 |
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|
16,629 |
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Income (loss) from operations |
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108,095 |
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(18,542 |
) |
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(19,512 |
) |
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(19,661 |
) |
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50,380 |
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Interest expense, net |
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(129,952 |
) |
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(34,161 |
) |
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— |
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(29,754 |
) |
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(193,867 |
) |
Expenditures for additions to long-lived assets |
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7,619 |
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|
114 |
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12 |
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|
547 |
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8,292 |
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(1) |
Includes corporate activities, oil and gas exploration, development and exploitation activities and certain intercompany eliminations. Our oil and gas exploration, development and exploitation operating activities have been included in the corporate and other column due to the lack of a material impact that these activities have on our consolidated financial statements. |
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(2) |
Intersegment revenues related to our LNG terminal segment are primarily from tug revenues from Cheniere Marketing and the receipt of 80% of gross margins earned by Cheniere Marketing in monetizing the TUA capacity of Cheniere Energy Investments, LLC ("Cheniere Investments"), a wholly owned subsidiary of Cheniere Partners, at the Sabine Pass LNG terminal in the three and nine months ended September 30, 2012 and 2011. These LNG terminal segment intersegment revenues are eliminated with intersegment expenses in our Consolidated Statements of Operations.
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(3) |
Intersegment losses related to our LNG and natural gas marketing segment are primarily from Cheniere Marketing's tug costs and the payment of 80% of gross margins earned by Cheniere Marketing in monetizing the TUA capacity of Cheniere Investments at the Sabine Pass LNG terminal in the three and nine months ended September 30, 2012 and 2011. These LNG terminal segment intersegment costs are eliminated with intersegment revenues in our Consolidated Statements of Operations.
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