Quarterly report pursuant to Section 13 or 15(d)

Business Segment Information (Tables)

v3.2.0.727
Business Segment Information (Tables)
6 Months Ended
Jun. 30, 2015
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
The following table summarizes revenues (losses), loss from operations and total assets for each of our reporting segments (in thousands): 
 
Segments
 
LNG Terminal
 
LNG & Natural Gas Marketing
 
Corporate and Other (1)
 
Total
Consolidation
As of or for the Three Months Ended June 30, 2015
 
 
 
 
 
 
 
Revenues (losses) from external customers (2)
$
68,532

 
$
(706
)
 
$
199

 
$
68,025

Intersegment revenues (losses) (3)
491

 
6,354

 
(6,845
)
 

Depreciation expense
16,071

 
244

 
3,839

 
20,154

Loss from operations
(17,767
)
 
(26,367
)
 
(51,446
)
 
(95,580
)
Interest expense, net
(59,465
)
 

 
(26,021
)
 
(85,486
)
Loss before income taxes and non-controlling interest (4)
(33,403
)
 
(26,816
)
 
(82,090
)
 
(142,309
)
Share-based compensation
25,778

 
6,052

 
36,835

 
68,665

Goodwill
76,819

 

 

 
76,819

Total assets
15,964,158

 
567,541

 
1,227,803

 
17,759,502

Expenditures for additions to long-lived assets
3,944,191

 
1,400

 
20,874

 
3,966,465

 
 
 
 
 
 
 
 
As of or for the Three Months Ended June 30, 2014
 
 
 
 
 
 
 
Revenues from external customers (2)
$
66,841

 
$
324


$
480

 
$
67,645

Intersegment revenues (losses) (3)
734

 
1,900

 
(2,634
)
 

Depreciation expense
14,810

 
109

 
2,379

 
17,298

Loss from operations
(20,607
)
 
(14,907
)
 
(26,621
)
 
(62,135
)
Interest expense, net
(43,895
)
 

 
106

 
(43,789
)
Loss before income taxes and non-controlling interest (4)
(234,123
)
 
(15,189
)
 
(31,314
)
 
(280,626
)
Share-based compensation
3,512

 
2,421

 
22,686

 
28,619

Goodwill
76,819

 

 

 
76,819

Total assets
10,861,606

 
63,020

 
934,669

 
11,859,295

Expenditures for additions to long-lived assets
809,658

 
471

 
6,315

 
816,444

 
 
 
 
 
 
 
 
For the Six Months Ended June 30, 2015
 
 
 
 
 
 

Revenues (losses) from external customers (2)
$
136,112

 
$
(44
)
 
$
326

 
$
136,394

Intersegment revenues (losses) (3)
594

 
13,371

 
(13,965
)
 

Depreciation expense
31,012

 
444

 
6,467

 
37,923

Loss from operations
(42,856
)
 
(31,550
)
 
(82,172
)
 
(156,578
)
Interest expense, net
(102,310
)
 

 
(42,788
)
 
(145,098
)
Loss before income taxes and non-controlling interest (4)
(311,058
)
 
(32,206
)
 
(134,211
)
 
(477,475
)
Share-based compensation
28,917

 
10,087

 
47,651

 
86,655

Expenditures for additions to long-lived assets
4,534,436

 
2,114

 
49,655

 
4,586,205

 
 
 
 
 
 
 

For the Six Months Ended June 30, 2014
 
 
 
 
 
 
 
Revenues from external customers (2)
$
133,260

 
$
982

 
$
953

 
$
135,195

Intersegment revenues (losses) (3)
1,506

 
4,074

 
(5,580
)
 

Depreciation expense
29,216

 
261

 
3,296

 
32,773

Loss from operations
(28,123
)
 
(26,501
)
 
(55,123
)
 
(109,747
)
Interest expense, net
(84,268
)
 

 
209

 
(84,059
)
Loss before income taxes and non-controlling interest (4)
(311,477
)
 
(26,916
)
 
(64,486
)
 
(402,879
)
Share-based compensation
6,562

 
8,931

 
50,824

 
66,317

Expenditures for additions to long-lived assets
1,469,437

 
785

 
32,225

 
1,502,447

 
(1)
Includes corporate activities, business development, oil and gas exploration, development and exploitation, strategic activities and certain intercompany eliminations. These activities have been included in the corporate and other column due to the lack of a material impact that these activities have on our Consolidated Financial Statements.
(2)
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.
(3)
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.
(4)
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.