Schedule I—Condensed Financial Information of Registrant (Tables)
|
12 Months Ended |
Dec. 31, 2016 |
|---|
| Condensed Financial Statements, Captions [Line Items] |
|
| Schedule of Cash Flow, Supplemental Disclosures |
The following table (in thousands) provides supplemental disclosure of cash flow information:
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|
|
|
|
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Year Ended December 31, |
|
|
2016 |
|
2015 |
|
2014 |
Cash paid during the period for interest, net of amounts capitalized |
|
$ |
66,436 |
|
|
$ |
122,860 |
|
|
$ |
130,578 |
|
Non-cash conveyance of assets |
|
— |
|
|
13,169 |
|
|
— |
|
|
| Parent Company [Member] |
|
| Condensed Financial Statements, Captions [Line Items] |
|
| Condensed Balance Sheets |
CHENIERE ENERGY, INC.
CONDENSED BALANCE SHEETS
(in thousands)
|
|
|
|
|
|
|
|
|
|
December 31, |
|
2016 |
|
2015 |
ASSETS |
|
|
|
|
Cash and cash equivalents |
$ |
— |
|
|
$ |
— |
|
Current assets |
287 |
|
|
132 |
|
Non-current restricted cash |
6,575 |
|
|
6,572 |
|
Property, plant and equipment, net |
14,987 |
|
|
8,899 |
|
Debt receivable—affiliates |
— |
|
|
843,629 |
|
Investments in affiliates |
(145,252 |
) |
|
(426,420 |
) |
Other non-current assets |
115 |
|
|
— |
|
Total assets |
$ |
(123,288 |
) |
|
$ |
432,812 |
|
|
|
|
|
LIABILITIES AND STOCKHOLDERS’ EQUITY |
|
|
|
Current liabilities |
$ |
8,184 |
|
|
$ |
8,051 |
|
Current debt—affiliate |
— |
|
|
143,580 |
|
Long-term debt, net |
1,264,953 |
|
|
1,183,031 |
|
|
|
|
|
Stockholders’ deficit |
(1,396,425 |
) |
|
(901,850 |
) |
Total liabilities and equity |
$ |
(123,288 |
) |
|
$ |
432,812 |
|
|
| Condensed Statements of Operations |
CHENIERE ENERGY, INC.
CONDENSED STATEMENTS OF OPERATIONS
(in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31, |
|
2016 |
|
2015 |
|
2014 |
Operating costs and expenses |
|
|
|
|
|
General and administrative expense (recovery) |
$ |
5,741 |
|
|
$ |
(356 |
) |
|
$ |
10,597 |
|
Depreciation expense |
107 |
|
|
58 |
|
|
— |
|
Total operating costs and expenses (recovery) |
5,848 |
|
|
(298 |
) |
|
10,597 |
|
|
|
|
|
|
|
Other income (expense) |
|
|
|
|
|
Interest expense, net |
(103,784 |
) |
|
(93,116 |
) |
|
(4,205 |
) |
Interest expense, net—affiliates |
(7,314 |
) |
|
(9,137 |
) |
|
(9,137 |
) |
Interest income |
3 |
|
|
3 |
|
|
3 |
|
Interest income—affiliates |
24,211 |
|
|
34,213 |
|
|
34,213 |
|
Equity loss of affiliates |
(517,259 |
) |
|
(907,370 |
) |
|
(558,209 |
) |
Total other expense |
(604,143 |
) |
|
(975,407 |
) |
|
(537,335 |
) |
|
|
|
|
|
|
Net loss attributable to common stockholders |
$ |
(609,991 |
) |
|
$ |
(975,109 |
) |
|
$ |
(547,932 |
) |
|
| Condensed Statements of Cash Flows |
CHENIERE ENERGY, INC.
CONDENSED STATEMENTS OF CASH FLOWS
(in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31, |
|
2016 |
|
2015 |
|
2014 |
Net cash used in operating activities |
$ |
(101,345 |
) |
|
$ |
(176,068 |
) |
|
$ |
(180,990 |
) |
|
|
|
|
|
|
Cash flows from investing activities |
|
|
|
|
|
|
|
|
Investments in affiliates |
201,750 |
|
|
(181,471 |
) |
|
(869,842 |
) |
Net cash provided by (used in) investing activities |
201,750 |
|
|
(181,471 |
) |
|
(869,842 |
) |
|
|
|
|
|
|
Cash flows from financing activities |
|
|
|
|
|
|
|
|
Proceeds from issuance of debt |
— |
|
|
500,000 |
|
|
1,000,000 |
|
Debt issuance and deferred financing costs |
— |
|
|
(4,129 |
) |
|
(516 |
) |
Proceeds from sale of common shares by Cheniere Holdings |
— |
|
|
— |
|
|
228,781 |
|
Distribution and dividends to non-controlling interest |
(80,055 |
) |
|
(80,235 |
) |
|
(79,517 |
) |
Proceeds from exercise of stock options |
50 |
|
|
2,279 |
|
|
10,805 |
|
Payments related to tax withholdings for share-based compensation |
(20,397 |
) |
|
(61,175 |
) |
|
(112,323 |
) |
Other |
— |
|
|
1,524 |
|
|
3,605 |
|
Net cash provided by (used in) financing activities |
(100,402 |
) |
|
358,264 |
|
|
1,050,835 |
|
|
|
|
|
|
|
Net increase in cash, cash equivalents and restricted cash |
3 |
|
|
725 |
|
|
3 |
|
Cash, cash equivalents and restricted cash—beginning of period |
6,572 |
|
|
5,847 |
|
|
5,844 |
|
Cash, cash equivalents and restricted cash—end of period |
$ |
6,575 |
|
|
$ |
6,572 |
|
|
$ |
5,847 |
|
Balances per Condensed Balance Sheets:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31 |
|
2016 |
|
2015 |
|
2014 |
Cash and cash equivalents |
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
Non-current restricted cash |
6,575 |
|
|
6,572 |
|
|
5,847 |
|
Total cash, cash equivalents and restricted cash |
$ |
6,575 |
|
|
$ |
6,572 |
|
|
$ |
5,847 |
|
|
| Schedule of Cash Flow, Supplemental Disclosures |
The following table provides supplemental disclosure of cash flow information (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31, |
|
|
2016 |
|
2015 |
|
2014 |
Non-cash capital contributions (1) |
|
$ |
(517,259 |
) |
|
$ |
(907,370 |
) |
|
$ |
(558,209 |
) |
Non-cash capital contribution from subsidiaries for forgiveness of debt |
|
150,895 |
|
|
— |
|
|
— |
|
Non-cash capital distribution to subsidiaries for forgiveness of debt |
|
(867,840 |
) |
|
— |
|
|
— |
|
Issuance of stock to acquire additional interest in Cheniere Holdings |
|
93,575 |
|
|
— |
|
|
— |
|
|
|
(1) |
Amounts represent equity losses of affiliates. |
|