Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

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Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
 12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Revenues      
LNG terminal revenues $ 265,894 $ 274,272 $ 269,538
Marketing and trading revenues (1,172) 13,554 19,022
Oil and gas sales 1,492 2,568 2,858
Other 6 50 95
Total revenues 266,220 290,444 291,513
Operating costs and expenses      
General and administrative expense 152,081 88,427 68,626
Depreciation, depletion and amortization 66,407 63,405 63,251
LNG terminal and pipeline operating expense 57,076 39,101 42,415
LNG terminal and pipeline development expense 66,112 40,803 11,971
Other 376 562 627
Total operating costs and expenses 342,052 232,298 186,890
Income (loss) from operations (75,832) 58,146 104,623
Other income (expense)      
Interest expense, net (200,811) (259,393) (262,046)
Loss on early extinguishment of debt (57,685) 0 (50,320)
Gain on sale of equity method investment 0 0 128,330
Derivative gain (loss) 58 (2,251) 461
Other income (expense) (11,367) 320 558
Nonoperating Income (Expense) (269,805) (261,324) (183,017)
Loss before income taxes and non-controlling interest (345,637) (203,178) (78,394)
Income tax provision (4) (160) 0
Net loss (345,641) (203,338) (78,394)
Non-controlling interest 12,861 4,582 2,191
Net loss attributable to common stockholders $ (332,780) $ (198,756) $ (76,203)
Net loss per share attributable to common stockholders - basic and diluted $ (1.83) $ (2.60) $ (1.37)
Weighted average number of common shares outstanding - basic and diluted 181,768 76,483 55,765