| Schedule of Segment Reporting Information, by Segment |
The following table (in thousands) summarizes revenues (losses) and income (loss) from operations for each of our reporting segments:
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Segments |
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LNG Terminal |
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LNG & Natural Gas Marketing |
|
Corporate and Other (1) |
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Total
Consolidation
|
Year Ended December 31, 2016 |
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Revenues (losses) from external customers |
$ |
803,480 |
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|
$ |
520,645 |
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|
$ |
(40,958 |
) |
|
$ |
1,283,167 |
|
Intersegment revenues (losses) (2) |
294,889 |
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|
37,970 |
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|
(332,859 |
) |
|
— |
|
Depreciation and amortization expense |
149,690 |
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|
1,386 |
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|
22,966 |
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|
174,042 |
|
Income (loss) from operations (3) |
237,432 |
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|
31,012 |
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|
(297,811 |
) |
|
(29,367 |
) |
Interest expense, net of capitalized interest |
(384,605 |
) |
|
— |
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|
(103,785 |
) |
|
(488,390 |
) |
Income (loss) before income taxes and non-controlling interest (4) |
(268,955 |
) |
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35,406 |
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(429,336 |
) |
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(662,885 |
) |
Share-based compensation |
25,364 |
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|
24,772 |
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|
66,699 |
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|
116,835 |
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Expenditures for additions to long-lived assets |
4,623,438 |
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|
2,714 |
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(1,136 |
) |
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4,625,016 |
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Year Ended December 31, 2015 |
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Revenues from external customers |
$ |
269,281 |
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$ |
66 |
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$ |
1,538 |
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$ |
270,885 |
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Intersegment revenues (losses) (2) |
2,225 |
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|
29,373 |
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(31,598 |
) |
|
— |
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Depreciation and amortization expense |
65,137 |
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|
1,071 |
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|
16,472 |
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|
82,680 |
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Loss from operations (3) |
(69,923 |
) |
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(85,577 |
) |
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(293,813 |
) |
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(449,313 |
) |
Interest expense, net of capitalized interest |
(219,831 |
) |
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— |
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(102,252 |
) |
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(322,083 |
) |
Loss before income taxes and non-controlling interest (4) |
(596,432 |
) |
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(87,133 |
) |
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(413,846 |
) |
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(1,097,411 |
) |
Share-based compensation |
32,948 |
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|
14,401 |
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147,959 |
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|
195,308 |
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Expenditures for additions to long-lived assets |
6,984,152 |
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|
2,731 |
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|
97,216 |
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|
7,084,099 |
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Year Ended December 31, 2014 |
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Revenues (losses) from external customers |
$ |
267,606 |
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|
$ |
(1,285 |
) |
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$ |
1,633 |
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$ |
267,954 |
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Intersegment revenues (losses) (2) |
(779 |
) |
|
41,908 |
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(41,129 |
) |
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— |
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Depreciation and amortization expense |
58,883 |
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|
271 |
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|
5,104 |
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|
64,258 |
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Loss from operations |
(89,790 |
) |
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(12,993 |
) |
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(169,396 |
) |
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(272,179 |
) |
Interest expense, net of capitalized interest |
(177,400 |
) |
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— |
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(3,836 |
) |
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(181,236 |
) |
Loss before income taxes and non-controlling interest (4) |
(480,366 |
) |
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(14,874 |
) |
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(192,494 |
) |
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(687,734 |
) |
Share-based compensation |
14,129 |
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|
6,027 |
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|
90,073 |
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|
110,229 |
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Expenditures for additions to long-lived assets |
2,684,045 |
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|
1,888 |
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|
161,882 |
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2,847,815 |
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(1) |
Includes corporate activities, business development, strategic activities and certain intercompany eliminations. These activities have been included in the corporate and other column. Also includes $338.2 million for the year ended December 31, 2016 of Cheniere Marketing’s LNG revenues, which is eliminated in consolidation.
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(2) |
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. These LNG and natural gas marketing segment intersegment revenues (losses) are eliminated with intersegment revenues (losses) in our Consolidated Statements of Operations.
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(3) |
Includes restructuring expense of $44.4 million and $60.8 million for the years ended December 31, 2016 and 2015, respectively, in the corporate and other column and $17.0 million and zero for the years ended December 31, 2016 and 2015, respectively, in the LNG and natural gas marketing segment.
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(4) |
Items to reconcile income (loss) from operations and income (loss) before income taxes and non-controlling interest include consolidated other income (expense) amounts as presented on our Consolidated Statements of Operations primarily related to our LNG terminal segment.
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The following table (in thousands) shows total assets for each of our reporting segments:
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December 31, |
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2016 |
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2015 |
LNG Terminal |
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$ |
22,420,568 |
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$ |
17,363,750 |
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LNG & Natural Gas Marketing |
|
731,023 |
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|
550,896 |
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Corporate and Other |
|
551,146 |
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|
894,407 |
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Total Consolidation |
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$ |
23,702,737 |
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$ |
18,809,053 |
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