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Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||||||||||
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Sep. 30, 2014
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Sep. 30, 2013
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Sep. 30, 2014
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Sep. 30, 2013
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| Revenues | ||||||||||||
| LNG terminal revenues | $ 66,983 | $ 66,735 | $ 200,243 | $ 199,222 | ||||||||
| Marketing and trading revenues (losses) | (499) | 590 | 482 | 441 | ||||||||
| Other | 323 | 385 | 1,277 | 1,130 | ||||||||
| Total revenues | 66,807 | 67,710 | 202,002 | [1] | 200,793 | |||||||
| Operating costs and expenses | ||||||||||||
| General and administrative expense | 74,255 | 57,096 | 215,783 | 277,971 | ||||||||
| Operating and maintenance expense | 26,102 | 30,098 | 69,198 | 76,425 | ||||||||
| Depreciation | 16,189 | 15,246 | 48,962 | 45,533 | ||||||||
| Development expense | 11,544 | 11,046 | 38,919 | 50,214 | ||||||||
| Other | 75 | 100 | 245 | 258 | ||||||||
| Total operating costs and expenses | 128,165 | 113,586 | 373,107 | 450,401 | ||||||||
| Loss from operations | (61,358) | (45,876) | (171,105) | (249,608) | ||||||||
| Other income (expense) | ||||||||||||
| Interest expense, net | (46,884) | (52,528) | (130,943) | (134,806) | ||||||||
| Loss on early extinguishment of debt | 0 | 0 | (114,335) | (80,510) | ||||||||
| Derivative gain (loss), net | 5,573 | (22,335) | (89,286) | 55,706 | ||||||||
| Other income (expense) | (160) | 65 | (39) | 954 | ||||||||
| Total other expense | (41,471) | (74,798) | (334,603) | (158,656) | ||||||||
| Loss before income taxes and non-controlling interest | (102,829) | [2] | (120,674) | [2] | (505,708) | [2] | (408,264) | [2] | ||||
| Income tax provision | (1,971) | (1,809) | (2,147) | (2,751) | ||||||||
| Net loss | (104,800) | (122,483) | (507,855) | (411,015) | ||||||||
| Less: net loss attributable to non-controlling interest | (15,219) | (21,659) | (118,536) | (38,323) | ||||||||
| Net loss attributable to common stockholders | $ (89,581) | $ (100,824) | $ (389,319) | $ (372,692) | ||||||||
| Net loss per share attributable to common stockholders—basic and diluted | $ (0.40) | $ (0.46) | $ (1.74) | $ (1.71) | ||||||||
| Weighted average number of common shares outstanding—basic and diluted | 224,309 | 220,734 | 223,710 | 217,940 | ||||||||
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- Definition
Revenues derived from the operating activities of our LNG terminal. No definition available.
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- Definition
The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. No definition available.
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- Definition
Aggregate net gain (loss) on all derivative instruments recognized in earnings during the period, before tax effects. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Excludes Selling, General and Administrative Expense. No definition available.
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- Definition
Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- Details
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- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition
The total amount of other operating cost and expense items that are associated with the entity's normal revenue producing operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net amount of other income and expense amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income (expense) recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) net gains or losses on securities, (d) unusual costs, (e) gains or losses on foreign exchange transactions, and (f) miscellaneous other income and expense items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Revenues from the sale of other goods or rendering of other services, not elsewhere specified in the taxonomy; net of (reduced by) sales adjustments, returns, allowances, and discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility, and costs allocated in accounting for a business combination to in-process projects deemed to have no alternative future use. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Revenue derived from energy-related services such supplying various forms of energy (such as steam, electricity and chilled water from the operation of on-site facilities or cogeneration plants), procurement services provided to energy purchasers, and the marketing and trading of energy commodities and derivatives. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Average number of shares or units issued and outstanding that are used in calculating basic and diluted earnings per share (EPS). No definition available.
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