Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v3.3.1.900
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities      
Net loss $ (1,097,315) $ (691,877) $ (558,763)
Adjustments to reconcile net loss to net cash used in operating activities:      
Non-cash LNG inventory write-downs 17,537 24,461 26,900
Depreciation and amortization expense 82,680 64,258 61,209
Share-based compensation 168,157 102,003 271,367
Amortization of debt issuance costs and discount 47,733 16,593 14,948
Loss on early extinguishment of debt 124,180 114,335 131,576
Total (gains) losses on derivatives, net 168,426 118,968 (84,281)
Net cash used for settlement of derivative instruments (99,616) (22,758) 609
Impairment expense 91,317 0 0
Other 959 15,914 (2,631)
Changes in restricted cash for certain operating activities 216,898 138,679 120,593
Changes in operating assets and liabilities:      
Accounts and interest receivable (662) 67 (31)
Inventory (27,876) (18,874) (26,460)
Accounts payable and accrued liabilities 5,966 16,073 6,687
Deferred revenue (3,986) (3,938) (3,947)
Other, net 39,980 1,977 (10,212)
Net cash used in operating activities (265,622) (124,119) (52,436)
Cash flows from investing activities      
Property, plant and equipment, net (6,852,583) (2,829,558) (3,114,343)
Use of restricted cash for the acquisition of property, plant and equipment 6,324,288 2,684,433 3,129,709
Investment in Cheniere Partners 0 0 (11,122)
Other (131,128) (66,862) (33,667)
Net cash used in investing activities (659,423) (211,987) (29,423)
Cash flows from financing activities      
Proceeds from issuances of debt 7,073,000 3,584,500 4,504,478
Repayments of debt 0 (177,000) (100,000)
Debt issuance and deferred financing costs (513,062) (111,807) (311,050)
Investment in restricted cash (6,043,757) (2,224,196) (4,083,707)
Distributions and dividends to non-controlling interest (80,235) (79,517) (69,220)
Proceeds from sale of common shares by Cheniere Holdings 0 228,781 665,001
Proceeds from sale of common units by Cheniere Partners 0 0 364,775
Proceeds from exercise of stock options 2,279 10,805 3,698
Payments related to tax withholdings for share-based compensation (61,175) (112,324) (136,367)
Other 1,524 3,605 3,382
Net cash provided by financing activities 378,574 1,122,847 840,990
Net increase (decrease) in cash and cash equivalents (546,471) 786,741 759,131
Cash and cash equivalents—beginning of period 1,747,583 960,842 201,711
Cash and cash equivalents—end of period $ 1,201,112 $ 1,747,583 $ 960,842