Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v3.6.0.2
Consolidated Statements of Cash Flows
 12 Months Ended
Dec. 31, 2016
USD ($)
Dec. 31, 2015
USD ($)
Dec. 31, 2014
USD ($)
Cash flows from operating activities      
Net loss $ (664,793,000) $ (1,097,315,000) $ (691,877,000)
Adjustments to reconcile net loss to net cash used in operating activities:      
Non-cash LNG inventory write-downs 0 17,537,000 24,461,000
Depreciation and amortization expense 174,042,000 82,680,000 64,258,000
Share-based compensation expense 100,523,000 172,396,000 102,003,000
Non-cash interest expense 76,624,000 58,915,000 1,877,000
Amortization of debt issuance costs, deferred commitment fees, premium and discount 61,948,000 47,733,000 16,593,000
Loss on early extinguishment of debt 135,142,000 124,180,000 114,335,000
Total (gains) losses on derivatives, net (28,232,000) 168,426,000 118,968,000
Net cash used for settlement of derivative instruments (44,952,000) (99,616,000) (22,758,000)
Impairment expense 10,572,000 91,317,000 0
Other 6,502,000 959,000 14,037,000
Changes in operating assets and liabilities:      
Accounts and other receivables (207,470,000) (662,000) 67,000
Inventory (119,302,000) (27,876,000) (18,874,000)
Accounts payable and accrued liabilities 64,093,000 1,727,000 16,073,000
Deferred revenue 41,961,000 (3,986,000) (3,938,000)
Other, net (10,500,000) (18,935,000) 1,977,000
Net cash used in operating activities (403,842,000) (482,520,000) (262,798,000)
Cash flows from investing activities      
Property, plant and equipment, net (4,355,598,000) (6,852,583,000) (2,829,558,000)
Other (57,813,000) (131,128,000) (66,862,000)
Net cash used in investing activities (4,413,411,000) (6,983,711,000) (2,896,420,000)
Cash flows from financing activities      
Proceeds from issuances of debt 12,864,467,000 7,073,000,000 3,584,500,000
Repayments of debt (7,670,712,000) 0 (177,000,000)
Debt issuance and deferred financing costs (171,629,000) (513,062,000) (109,806,000)
Debt extinguishment costs (14,149,000) 0 0
Distributions and dividends to non-controlling interest (80,055,000) (80,235,000) (79,517,000)
Proceeds from sale of common shares by Cheniere Holdings 0 0 228,781,000
Proceeds from exercise of stock options 50,000 2,279,000 10,805,000
Payments related to tax withholdings for share-based compensation (20,397,000) (61,175,000) (112,324,000)
Other 0 1,524,000 3,605,000
Net cash provided by financing activities 4,907,575,000 6,422,331,000 3,349,044,000
Net increase (decrease) in cash, cash equivalents and restricted cash 90,322,000 (1,043,900,000) 189,826,000
Cash, cash equivalents and restricted cash—beginning of period 1,736,231,000 2,780,131,000 2,590,305,000
Cash, cash equivalents and restricted cash—end of period 1,826,553,000 1,736,231,000 2,780,131,000
Balances per Consolidated Balance Sheets:      
Cash and cash equivalents 875,836,000 1,201,112,000 1,747,583,000
Restricted cash 859,898,000 503,397,000 481,737,000
Non-current restricted cash 90,819,000 31,722,000 550,811,000
Total cash, cash equivalents and restricted cash $ 1,826,553,000 $ 1,736,231,000 $ 2,780,131,000