Quarterly report pursuant to Section 13 or 15(d)

Property, Plant and Equipment

v3.5.0.2
Property, Plant and Equipment
 9 Months Ended
Sep. 30, 2016
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment
PROPERTY, PLANT AND EQUIPMENT
 
Property, plant and equipment consists of LNG terminal costs and fixed assets and other, as follows (in thousands):
 
 
September 30,
 
December 31,
 
 
2016
 
2015
LNG terminal costs
 
 
 
 
LNG terminal
 
$
7,976,737

 
$
2,487,759

LNG terminal construction-in-process
 
12,176,899

 
13,875,204

LNG site and related costs, net
 
38,752

 
33,512

Accumulated depreciation
 
(498,934
)
 
(413,545
)
Total LNG terminal costs, net
 
19,693,454

 
15,982,930

Fixed assets and other
 
 

 
 

Computer and office equipment
 
13,241

 
12,153

Furniture and fixtures
 
17,393

 
17,101

Computer software
 
78,942

 
69,340

Leasehold improvements
 
46,351

 
40,136

Land
 
60,582

 
60,612

Other
 
36,369

 
49,376

Accumulated depreciation
 
(54,666
)
 
(37,741
)
Total fixed assets and other, net
 
198,212

 
210,977

Property, plant and equipment, net
 
$
19,891,666

 
$
16,193,907



During the three and nine months ended September 30, 2016, we realized offsets to LNG terminal costs of $68.3 million and $214.3 million, respectively, that were related to the sale of commissioning cargoes because these amounts were earned prior to the start of commercial operations, during the testing phase for the construction of Trains 1 and 2 of the SPL Project.