Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Cash flows from operating activities      
Net loss $ (507,922) $ (332,780) $ (198,756)
Adjustments to reconcile net loss to net cash used in operating activities:      
Use of restricted cash and cash equivalent for certain operating activities 120,593 121,186 4,616
Depreciation, depletion and amortization 61,209 66,407 63,405
Loss on early extinguishment of debt 131,576 16,565 0
Non-cash interest expense on 2008 Loans 0 0 19,636
Amortization of debt issuance and discount costs 14,948 20,307 28,677
Non-cash compensation 271,367 58,696 26,364
Non-cash LNG inventory write-downs 26,900 0 10,992
Non-cash Derivative (gain) loss, net (83,672) (283) 0
Crest Royalty 0 (11,732) 0
Net loss attributable to non-controlling interest (50,841) (12,861) (4,582)
Other (2,631) (3,065) 1,413
Changes in operating assets and liabilities:      
Accounts and interest receivable (31) 704 1,463
Accounts payable and accrued liabilities 6,687 (29,295) 28,857
LNG inventory (26,576) (483) (16,342)
Deferred revenue (3,947) (4,089) (4,458)
Prepaid expenses and other (10,096) 2,883 (4,049)
Net cash used in operating activities (52,436) (107,840) (42,764)
Cash flows from investing activities      
LNG terminal and pipeline costs, net (3,114,343) (1,117,956) (8,934)
Use of restricted cash and cash equivalents for the acquisition of property plant and equipment 3,129,709 1,587,495 8,222
Investment in Cheniere Partners (11,122) (545,144) (17,806)
Other (33,667) (8,929) (3,613)
Net cash provided by used in investing activities (29,423) (84,534) (22,131)
Cash flows from financing activities      
Proceeds from issuances of long-term debt, net of debt issuance costs 4,504,478 520,000 0
Repurchases and prepayments of long-term debt (100,000) (1,326,514) 0
Proceeds from sale of common shares by Cheniere Holdings 665,001 0 0
Proceeds from sale of common units by Cheniere Partners 364,775 204,878 52,351
Proceeds from sale of common stock, net 3,698 1,200,705 468,598
Excess tax benefit from stock-based compensation 3,385 0 0
Sale of Class B units to non-controlling interest (3) 1,387,342 0
Use of (investment in) restricted cash and cash equivalents (4,083,707) (1,771,666) (24,136)
Debt issuance and deferred financing costs (311,050) (223,079) (4,341)
Payments related to tax withholdings for stock-based compensation (136,367) (20,414) (14,363)
Distributions to non-controlling interest (69,220) (36,327) (28,215)
Net cash provided by (used in) financing activities 840,990 (65,075) 449,894
Net increase (decrease) in cash and cash equivalents 759,131 (257,449) 384,999
Cash and cash equivalents—beginning of period 201,711 459,160 74,161
Cash and cash equivalents—end of period $ 960,842 $ 201,711 $ 459,160