Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations

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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues        
LNG terminal revenues $ 67,905 $ 66,841 $ 135,486 $ 133,260
Marketing and trading revenues (losses) (706) 324 (44) 981
Other 826 480 952 954
Total revenues [1] 68,025 67,645 136,394 135,195
Operating costs and expenses        
General and administrative expense 107,856 67,720 165,873 141,528
Operating and maintenance expense 18,877 29,409 56,030 43,096
Depreciation expense 20,154 17,298 37,923 32,773
Development expense 16,609 15,263 32,705 27,375
Other 109 90 441 170
Total operating costs and expenses 163,605 129,780 292,972 244,942
Loss from operations (95,580) (62,135) (156,578) (109,747)
Other income (expense)        
Interest expense, net (85,486) (43,789) (145,098) (84,059)
Loss on early extinguishment of debt (7,281) (114,335) (96,273) (114,335)
Derivative gain (loss), net 45,755 (60,178) (80,181) (94,859)
Other income (expense) 283 (189) 655 121
Total other expense (46,729) (218,491) (320,897) (293,132)
Loss before income taxes and non-controlling interest [2] (142,309) (280,626) (477,475) (402,879)
Income tax benefit (provision) 507 (84) (171) (176)
Net loss (141,802) (280,710) (477,646) (403,055)
Less: net loss attributable to non-controlling interest (23,307) (78,782) (91,442) (103,317)
Net loss attributable to common stockholders $ (118,495) $ (201,928) $ (386,204) $ (299,738)
Net loss per share attributable to common stockholders—basic and diluted $ (0.52) $ (0.90) $ (1.71) $ (1.34)
Weighted average number of common shares outstanding—basic and diluted 226,481 223,602 226,405 223,406
[1] Substantially all of the LNG terminal revenues relate to regasification capacity reservation fee payments made by Total Gas & Power North America, Inc. and Chevron U.S.A. Inc. LNG and natural gas marketing and trading revenue consists primarily of the domestic marketing of natural gas imported into the Sabine Pass LNG terminal.
[2] Items to reconcile loss from operations and 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.