| Schedule of Segment Reporting Information, by Segment |
The following table summarizes revenues (losses), loss from operations and total assets for each of our reporting segments (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Segments |
|
LNG Terminal |
|
LNG & Natural Gas Marketing |
|
Corporate and Other (1) |
|
Total
Consolidation
|
As of or for the Three Months Ended September 30, 2014 |
|
|
|
|
|
|
|
Revenues (losses) from external customers (2) |
$ |
66,983 |
|
|
$ |
(500 |
) |
|
$ |
324 |
|
|
$ |
66,807 |
|
Intersegment revenues (losses) (3) (4) |
607 |
|
|
17,262 |
|
|
(17,869 |
) |
|
— |
|
Depreciation |
14,817 |
|
|
103 |
|
|
1,269 |
|
|
16,189 |
|
Loss from operations |
(28,676 |
) |
|
(6,652 |
) |
|
(26,030 |
) |
|
(61,358 |
) |
Interest expense, net |
(46,996 |
) |
|
— |
|
|
112 |
|
|
(46,884 |
) |
Loss before income taxes and non-controlling interest (5) |
(64,886 |
) |
|
(7,130 |
) |
|
(30,813 |
) |
|
(102,829 |
) |
Stock-based compensation |
3,278 |
|
|
8,281 |
|
|
13,096 |
|
|
24,655 |
|
Goodwill |
76,819 |
|
|
— |
|
|
— |
|
|
76,819 |
|
Total assets |
10,847,861 |
|
|
65,536 |
|
|
871,919 |
|
|
11,785,316 |
|
Expenditures for additions to long-lived assets |
695,159 |
|
|
486 |
|
|
21,895 |
|
|
717,540 |
|
|
|
|
|
|
|
|
|
As of or for the Three Months Ended September 30, 2013 |
|
|
|
|
|
|
|
Revenues from external customers (2) |
$ |
66,738 |
|
|
$ |
590 |
|
|
$ |
382 |
|
|
$ |
67,710 |
|
Intersegment revenues (losses) (3) (4) |
820 |
|
|
15,880 |
|
|
(16,700 |
) |
|
— |
|
Depreciation |
14,581 |
|
|
251 |
|
|
414 |
|
|
15,246 |
|
Income (loss) from operations |
(49,600 |
) |
|
2,919 |
|
|
805 |
|
|
(45,876 |
) |
Interest expense, net |
(55,378 |
) |
|
— |
|
|
2,850 |
|
|
(52,528 |
) |
Income (loss) before income taxes and non-controlling interest (5) |
(127,202 |
) |
|
2,515 |
|
|
4,013 |
|
|
(120,674 |
) |
Stock-based compensation |
3,148 |
|
|
4,594 |
|
|
20,197 |
|
|
27,939 |
|
Goodwill |
76,819 |
|
|
— |
|
|
— |
|
|
76,819 |
|
Total assets |
7,719,551 |
|
|
63,756 |
|
|
342,546 |
|
|
8,125,853 |
|
Expenditures for additions to long-lived assets |
852,847 |
|
|
61 |
|
|
389 |
|
|
853,297 |
|
|
|
|
|
|
|
|
|
For the Nine Months Ended September 30, 2014 |
|
|
|
|
|
|
|
Revenues from external customers (2) |
$ |
200,243 |
|
|
$ |
482 |
|
|
$ |
1,277 |
|
|
$ |
202,002 |
|
Intersegment revenues (losses) (3) (4) |
2,113 |
|
|
21,336 |
|
|
(23,449 |
) |
|
— |
|
Depreciation |
44,033 |
|
|
364 |
|
|
4,565 |
|
|
48,962 |
|
Loss from operations |
(56,799 |
) |
|
(33,153 |
) |
|
(81,153 |
) |
|
(171,105 |
) |
Interest expense, net |
(131,264 |
) |
|
— |
|
|
321 |
|
|
(130,943 |
) |
Loss before income taxes and non-controlling interest (5) |
(376,363 |
) |
|
(34,046 |
) |
|
(95,299 |
) |
|
(505,708 |
) |
Stock-based compensation |
9,840 |
|
|
17,212 |
|
|
63,920 |
|
|
90,972 |
|
Expenditures for additions to long-lived assets |
2,164,596 |
|
|
1,271 |
|
|
54,120 |
|
|
2,219,987 |
|
|
|
|
|
|
|
|
|
For the Nine Months Ended September 30, 2013 |
|
|
|
|
|
|
|
Revenues from external customers (2) |
$ |
199,224 |
|
|
$ |
441 |
|
|
$ |
1,128 |
|
|
$ |
200,793 |
|
Intersegment revenues (losses) (3) (4) |
2,184 |
|
|
27,186 |
|
|
(29,370 |
) |
|
— |
|
Depreciation |
43,405 |
|
|
751 |
|
|
1,377 |
|
|
45,533 |
|
Loss from operations |
(103,655 |
) |
|
(39,543 |
) |
|
(106,410 |
) |
|
(249,608 |
) |
Interest expense, net |
(156,644 |
) |
|
— |
|
|
21,838 |
|
|
(134,806 |
) |
Income (loss) before income taxes and non-controlling interest (5) |
128,441 |
|
|
(40,092 |
) |
|
(496,613 |
) |
|
(408,264 |
) |
Stock-based compensation |
22,477 |
|
|
36,234 |
|
|
152,635 |
|
|
211,346 |
|
Expenditures for additions to long-lived assets |
2,467,210 |
|
|
57 |
|
|
1,293 |
|
|
2,468,560 |
|
|
|
(1) |
Includes corporate activities, oil and gas exploration, development and exploitation, strategic activities and certain intercompany eliminations. These 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. |
|
|
(2) |
Substantially all of the LNG terminal revenues relate to regasification capacity reservation fee payments made by Total Gas & Power North America, Inc. and Chevron U.S.A. Inc. LNG and natural gas marketing and trading revenue consists primarily of the domestic marketing of natural gas imported into the Sabine Pass LNG terminal and international revenue allocations using a cost plus transfer pricing methodology. |
|
|
(3) |
Intersegment revenues primarily related to our LNG terminal segment are from tug revenues from Cheniere Marketing. These LNG terminal segment intersegment revenues are eliminated with intersegment losses in our Consolidated Statements of Operations. |
|
|
(4) |
Intersegment revenues (losses) related to our LNG and natural gas marketing segment are primarily a result of international revenue allocations using a cost plus transfer pricing methodology and from Cheniere Marketing’s tug costs. These LNG and natural gas marketing segment intersegment revenues (losses) are eliminated with intersegment revenues (losses) in our Consolidated Statements of Operations. |
|
|
(5) |
Items to reconcile loss from operations and loss before income taxes and non-controlling interest include consolidated other income (expense) amounts as presented on our Consolidated Statements of Operations primarily related to our LNG terminal segment. |
|