Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v2.4.0.6
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Cash flows from operating activities      
Net loss $ (198,756) $ (76,203) $ (161,490)
Adjustments to reconcile net loss to net cash used in operating activities:      
Gain on sale of limited partnership investment 0 (128,330) 0
Depreciation, depletion and amortization 63,405 63,251 54,229
(Gain) loss on early extinguishment of debt 0 50,320 (45,363)
Non-cash interest expense on 2008 Loans 19,636 32,523 32,321
Use of cash for accrued interest 0 (60,899) 0
Amortization of debt issuance and discount costs 28,677 27,185 27,549
Non-cash compensation 26,364 17,839 19,204
Non-cash LNG inventory write-downs 10,992 264 3,516
Non-controlling interest (4,582) (2,191) (6,165)
Use of restricted cash and cash equivalents 4,616 30,823 1,353
Other 1,413 (7,095) (147)
Changes in operating assets and liabilities:      
Accounts and interest receivable 1,463 466 (1,343)
Accounts payable and accrued liabilities 28,857 3,035 253
LNG inventory (16,342) 31,126 (32,628)
Deferred revenue (4,458) (3,864) 19,956
Prepaid expenses and other (4,049) 4,830 (9,102)
Net cash used in operating activities (42,764) (16,920) (97,857)
Cash flows from investing activities      
Proceeds from sale of limited partnership investment 0 104,330 0
Investment in Cheniere Partners (17,806) 0 0
LNG Terminal and pipeline construction-in-process, net (8,934) (4,223) (112,317)
Use of restricted cash and cash equivalents 8,222 5,350 110,399
Distributions from limited partnership investment 0 3,900 15,300
Other (3,613) (371) (1,398)
Net cash provided by (used in) investing activities (22,131) 108,986 11,984
Cash flows from financing activities      
Sale of common stock, net 468,598 0 0
Sale of common units by Cheniere Partners 52,351 0 0
Use of (investment in) restricted cash and cash equivalents (24,136) 29,073 130,702
Repurchases and prepayments of debt 0 (104,681) (30,030)
Distributions to non-controlling interest (28,215) (26,393) (26,392)
Purchase of treasury shares (14,363) (2,844) (999)
Other (4,341) (1,432) (1,228)
Net cash provided by (used in) financing activities 449,894 (106,277) 72,053
Net increase (decrease) in cash and cash equivalents 384,999 (14,211) (13,820)
Cash and cash equivalents—beginning of period 74,161 88,372 102,192
Cash and cash equivalents—end of period $ 459,160 $ 74,161 $ 88,372