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
 9 Months Ended 79 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Cash flows from operating activities      
Net loss attributable to common stockholders $ (372,692) $ (238,456)  
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation, depletion and amortization 45,533 47,001  
Loss on early extinguishment of debt 80,510 15,095  
Amortization of debt issuance and discount costs 8,590 18,073  
Non-cash compensation 202,785 53,961  
Non-cash LNG inventory write-downs 27,851 9,763  
Non-cash derivative (gain) loss, net (55,053) 698  
Net loss attributable to non-controlling interest (38,323) (8,277)  
Use of restricted cash and cash equivalents 113,626 24,139  
Crest royalty 0 (13,384)  
Other (2,622) (2,715)  
Changes in operating assets and liabilities:      
Accounts and interest receivable (21,514) (23,871)  
Accounts payable and accrued liabilities 55,043 19,413  
LNG inventory, net (29,071) (6,308)  
Deferred revenue (2,955) (3,104)  
Prepaid expenses and other (34,011) 2,993  
Net cash used in operating activities (22,303) (104,979)  
Cash flows from investing activities      
LNG terminal and pipeline costs, net (2,448,690) (871,167)  
Use of restricted cash and cash equivalents 2,466,613 1,352,656  
Investment in Cheniere Partners (11,122) (534,940)  
Other (26,471) (21,596)  
Net cash provided by (used in) investing activities (19,670) (75,047)  
Cash flows from financing activities      
Proceeds from Sabine Pass Liquefaction Senior Notes, net 3,012,500 0  
Proceeds from CTPL Credit Facility, net 391,978 0  
Proceeds from sale of common units by Cheniere Partners 364,775 205,174  
Proceeds from 2013 Liquefaction Credit Facility 100,000 0  
Proceeds from sale of common stock, net 274 1,200,717  
Proceeds from sales of Class B units by Cheniere Partners (3) 887,563 1,387,339 [1]
Investments in restricted cash and cash equivalents (3,182,735) (1,425,209)  
Repurchases and prepayments of debt 0 (776,514)  
Debt issuance and deferred financing costs (235,250) (210,828)  
Proceeds from (repayments of) 2012 Liquefaction Credit Facility 100,000 100,000  
Distributions to non-controlling interest (50,046) (24,628)  
Purchase of treasury shares (89,137) (20,414)  
Excess tax benefit from stock-based compensation 2,070 0  
Net cash provided by used in financing activities 214,426 (64,139)  
Net increase (decrease) in cash and cash equivalents 172,453 (244,165)  
Cash and cash equivalents—beginning of period 201,711 459,160  
Cash and cash equivalents—end of period $ 374,164 $ 214,995 $ 374,164
[1] In May 2012, Cheniere Partners, Cheniere and Blackstone CQP Holdco LP ("Blackstone") entered into a unit purchase agreement (the "Blackstone Unit Purchase Agreement") whereby Cheniere Partners agreed to sell to Blackstone in a private placement 100.0 million Class B units of Cheniere Partners ("Class B units") at a price of $15.00 per Class B unit. Cheniere Partners had issued and sold all 100.0 million Class B units to Blackstone as of December 31, 2012. See Note 5—"Variable Interest Entity".